THE NECTAR: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
THE NECTAR
NACE 46.341, Wholesale of wines and spirits
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€296,309
2024 · €331,644-€627,952
Equity
€6.9m
2024 · €7.7m-€830,009
Cash
€78,387
2024 · €136,070-€57,683
Balance sheet total
€16.8m
2024 · €17.1m-€266,695
Largest movements
Assets
- Stocks and contracts -€356,299
down €356,299 (-2.8%), from €12.7m to €12.3m
Equity and liabilities
- Contributions -€533,700
down €533,700 (-76.9%), from €693,700 to €160,000
- Other debts +€531,000
up €531,000 (+32.4%), from €1.6m to €2.2m
- Profit (loss) carried forward -€296,309
down €296,309 (-9.4%), from €3.1m to €2.8m
- Debts after one year +€196,245
up €196,245 (+18.3%), from €1.1m to €1.3m
- Current portion of long-term debt -€187,048
down €187,048 (-22.5%), from €833,093 to €646,045
Income statement
- Gross operating margin -€605,867
down €605,867 (-30.0%), from €2.0m to €1.4m
- Taxes -€143,686
down €143,686 (-98.3%), from €146,203 to €2,516
- Financial charges +€92,172
up €92,172 (+31.4%), from €293,899 to €386,071
- Depreciation +€62,622
up €62,622 (+42.2%), from €148,330 to €210,952
- Staff costs +€53,490
up €53,490 (+5.1%), from €1.1m to €1.1m
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€331,644
Gross operating margin
-€605,867
Staff costs
-€53,490
Depreciation
-€62,622
Write-downs
+€1,933
Other operating charges
+€22,924
Financial income
+€17,656
Financial charges
-€92,172
Taxes
+€143,686
Result 2025
-€296,309
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€606,082
Investment
-€208,187
Financing
-€455,578
Cash 2024
€136,070
From operations (derived)
+€606,082
Net result for the year
-€296,309
Depreciation
+€210,952
Receivables after one year
-€16,300
Stocks and contracts
+€356,299
Receivables within one year
-€92,840
Deferred charges and accrued income
-€40,913
Trade debts
-€73,381
Tax, wage and social debts
+€53,505
Other debts
+€531,000
Accrued charges and deferred income
-€25,932
Investment (derived)
-€208,187
Investment in fixed assets (net)
-€208,187
Financing
-€455,578
Debts after one year
+€196,245
Current portion of long-term debt
-€187,048
Short-term financial debts
+€68,924
Contributions, distributions and other
-€533,700
Cash 2025
€78,387
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,115,183 | €16,848,488 | -€266,695 | -1.6% |
| Fixed assets | 21/28 | €1,462,311 | €1,459,545 | -€2,765 | -0.2% |
| Tangible fixed assets | 22/27 | €1,461,811 | €1,459,045 | -€2,765 | -0.2% |
| Plant, machinery and equipment | 23 | €255,739 | €272,327 | +€16,588 | +6.5% |
| Furniture and vehicles | 24 | €74,654 | €64,699 | -€9,955 | -13.3% |
| Leasing and similar rights | 25 | €366,721 | €301,805 | -€64,916 | -17.7% |
| Other tangible fixed assets | 26 | €764,696 | €820,214 | +€55,518 | +7.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €15,652,872 | €15,388,942 | -€263,930 | -1.7% |
| Amounts receivable after more than one year | 29 | €20,000 | €36,300 | +€16,300 | +81.5% |
| Other amounts receivable | 291 | €20,000 | €36,300 | +€16,300 | +81.5% |
| Stocks and contracts in progress | 3 | €12,694,547 | €12,338,248 | -€356,299 | -2.8% |
| Stocks | 30/36 | €12,694,547 | €12,338,248 | -€356,299 | -2.8% |
| Amounts receivable within one year | 40/41 | €2,617,800 | €2,710,639 | +€92,840 | +3.5% |
| Trade receivables | 40 | €2,440,491 | €2,563,930 | +€123,438 | +5.1% |
| Other amounts receivable | 41 | €177,308 | €146,710 | -€30,599 | -17.3% |
| Cash at bank and in hand | 54/58 | €136,070 | €78,387 | -€57,683 | -42.4% |
| Deferred charges and accrued income | 490/1 | €184,455 | €225,368 | +€40,913 | +22.2% |
| Total equity and liabilities | 10/49 | €17,115,183 | €16,848,488 | -€266,695 | -1.6% |
| Equity | 10/15 | €7,701,078 | €6,871,069 | -€830,009 | -10.8% |
| Contributions | 10/11 | €693,700 | €160,000 | -€533,700 | -76.9% |
| Capital | 10 | €693,700 | €160,000 | -€533,700 | -76.9% |
| Issued capital | 100 | €693,700 | €160,000 | -€533,700 | -76.9% |
| Reserves | 13 | €3,867,459 | €3,867,459 | = | 0.0% |
| Non-distributable reserves | 130/1 | €69,370 | €69,370 | = | 0.0% |
| Legal reserve | 130 | €69,370 | €69,370 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,350,089 | €3,194,319 | -€155,770 | -4.6% |
| Distributable reserves | 133 | €448,000 | €603,770 | +€155,770 | +34.8% |
| Profit (loss) carried forward | 14 | €3,139,919 | €2,843,610 | -€296,309 | -9.4% |
| Amounts payable | 17/49 | €9,414,105 | €9,977,418 | +€563,313 | +6.0% |
| Amounts payable after more than one year | 17 | €1,074,930 | €1,271,175 | +€196,245 | +18.3% |
| Financial debts | 170/4 | €1,074,930 | €1,271,175 | +€196,245 | +18.3% |
| Amounts payable within one year | 42/48 | €8,313,243 | €8,706,243 | +€393,000 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €833,093 | €646,045 | -€187,048 | -22.5% |
| Financial debts | 43 | €3,699,283 | €3,768,207 | +€68,924 | +1.9% |
| Credit institutions | 430/8 | €3,699,283 | €3,768,207 | +€68,924 | +1.9% |
| Trade debts | 44 | €1,921,990 | €1,848,609 | -€73,381 | -3.8% |
| Suppliers | 440/4 | €1,921,990 | €1,848,609 | -€73,381 | -3.8% |
| Taxes, remuneration and social security | 45 | €221,162 | €274,667 | +€53,505 | +24.2% |
| Taxes | 450/3 | €86,864 | €133,688 | +€46,825 | +53.9% |
| Remuneration and social security | 454/9 | €134,298 | €140,979 | +€6,680 | +5.0% |
| Other amounts payable | 47/48 | €1,637,715 | €2,168,715 | +€531,000 | +32.4% |
| Accrued charges and deferred income | 492/3 | €25,932 | €0 | -€25,932 | -100.0% |
| Non-recurring operating income | 76A | €4,188 | €0 | -€4,188 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,054,343 | €1,107,833 | +€53,490 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,330 | €210,952 | +€62,622 | +42.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,933 | €0 | -€1,933 | -100.0% |
| Other operating charges | 640/8 | €69,581 | €46,657 | -€22,924 | -32.9% |
| Gross operating margin | 9900 | €2,020,055 | €1,414,188 | -€605,867 | -30.0% |
| Operating profit (loss) | 9901 | €745,868 | €48,745 | -€697,123 | -93.5% |
| Financial income | 75/76B | €25,877 | €43,533 | +€17,656 | +68.2% |
| Recurring financial income | 75 | €25,877 | €43,533 | +€17,656 | +68.2% |
| Financial charges | 65/66B | €293,899 | €386,071 | +€92,172 | +31.4% |
| Recurring financial charges | 65 | €293,899 | €386,071 | +€92,172 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €477,846 | -€293,792 | -€771,639 | |
| Income taxes | 67/77 | €146,203 | €2,516 | -€143,686 | -98.3% |
| Profit (loss) for the period | 9904 | €331,644 | -€296,309 | -€627,952 | |
| Transfer from tax-exempt reserves | 789 | - | €155,770 | +€155,770 | |
| Profit (loss) for the period to be appropriated | 9905 | €331,644 | -€140,539 | -€472,182 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.