The Wine Barn: 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 Wine Barn
NACE 47.251, Retail sale of wines and spirits
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€7,435
2024 · €12,279-€19,715
Equity
€64,367
2024 · €64,301+€66
Cash
€53,990
2024 · €25,832+€28,158
Balance sheet total
€1.4m
2024 · €1.2m+€170,339
Largest movements
Assets
- Stocks and contracts +€110,170
up €110,170 (+21.5%), from €512,183 to €622,354
- Cash +€28,158
up €28,158 (+109%), from €25,832 to €53,990
mainly Short-term financial debts (+€68,419) and Debts after one year (+€37,711)
- Receivables within one year +€24,149
up €24,149 (+18.5%), from €130,752 to €154,901
of which Trade receivables: +€16,218
Equity and liabilities
- Short-term financial debts +€68,419
up €68,419 (+24.1%), from €283,341 to €351,761
- Debts after one year +€37,711
up €37,711 (+9.4%), from €402,192 to €439,903
- Other debts +€30,543
up €30,543 (+88.4%), from €34,548 to €65,090
- Current portion of long-term debt +€19,170
up €19,170 (+30.5%), from €62,917 to €82,086
Income statement
- Gross operating margin -€16,591
down €16,591 (-7.7%), from €216,099 to €199,508
- Taxes -€10,709
down €10,709 (-89.2%), from €12,000 to €1,291
- Write-downs +€7,011
new in 2025: €7,011
- Staff costs +€6,042
up €6,042 (+5.6%), from €108,228 to €114,271
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
€12,279
Gross operating margin
-€16,591
Staff costs
-€6,042
Depreciation
-€1,403
Write-downs
-€7,011
Other operating charges
+€1,311
Other operating items
+€280
Financial income
+€371
Financial charges
-€1,340
Taxes
+€10,709
Result 2025
-€7,435
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
-€66,415
Investment
-€38,228
Financing
+€132,801
Cash 2024
€25,832
From operations (derived)
-€66,415
Net result for the year
-€7,435
Depreciation
+€34,269
Stocks and contracts
-€110,170
Receivables within one year
-€24,149
Deferred charges and accrued income
-€3,901
Trade debts
+€8,343
Tax, wage and social debts
+€4,332
Other debts
+€30,543
Accrued charges and deferred income
+€1,756
Investment (derived)
-€38,228
Investment in fixed assets (net)
-€38,228
Financing
+€132,801
Debts after one year
+€37,711
Current portion of long-term debt
+€19,170
Short-term financial debts
+€68,419
Contributions, distributions and other
+€7,501
Cash 2025
€53,990
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,203,689 | €1,374,028 | +€170,339 | +14.2% |
| Fixed assets | 21/28 | €531,573 | €535,532 | +€3,960 | +0.7% |
| Intangible fixed assets | 21 | €48,394 | €39,312 | -€9,082 | -18.8% |
| Tangible fixed assets | 22/27 | €482,538 | €485,445 | +€2,907 | +0.6% |
| Land and buildings | 22 | €417,539 | €412,504 | -€5,035 | -1.2% |
| Plant, machinery and equipment | 23 | €55,554 | €64,754 | +€9,200 | +16.6% |
| Furniture and vehicles | 24 | €9,445 | €8,187 | -€1,258 | -13.3% |
| Financial fixed assets | 28 | €640 | €10,775 | +€10,135 | +1,584% |
| Current assets | 29/58 | €672,117 | €838,496 | +€166,379 | +24.8% |
| Stocks and contracts in progress | 3 | €512,183 | €622,354 | +€110,170 | +21.5% |
| Stocks | 30/36 | €512,183 | €622,354 | +€110,170 | +21.5% |
| Amounts receivable within one year | 40/41 | €130,752 | €154,901 | +€24,149 | +18.5% |
| Trade receivables | 40 | €127,652 | €143,870 | +€16,218 | +12.7% |
| Other amounts receivable | 41 | €3,100 | €11,032 | +€7,932 | +256% |
| Cash at bank and in hand | 54/58 | €25,832 | €53,990 | +€28,158 | +109% |
| Deferred charges and accrued income | 490/1 | €3,350 | €7,251 | +€3,901 | +116% |
| Total equity and liabilities | 10/49 | €1,203,689 | €1,374,028 | +€170,339 | +14.2% |
| Equity | 10/15 | €64,301 | €64,367 | +€66 | +0.1% |
| Contributions | 10/11 | €61,000 | €61,000 | = | 0.0% |
| Reserves | 13 | €12,153 | €12,153 | = | 0.0% |
| Distributable reserves | 133 | €12,153 | €12,153 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,853 | -€8,787 | +€66 | +0.7% |
| Amounts payable | 17/49 | €1,139,388 | €1,309,662 | +€170,273 | +14.9% |
| Amounts payable after more than one year | 17 | €402,192 | €439,903 | +€37,711 | +9.4% |
| Financial debts | 170/4 | €402,192 | €439,903 | +€37,711 | +9.4% |
| Amounts payable within one year | 42/48 | €737,196 | €868,003 | +€130,806 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €62,917 | €82,086 | +€19,170 | +30.5% |
| Financial debts | 43 | €283,341 | €351,761 | +€68,419 | +24.1% |
| Credit institutions | 430/8 | €283,341 | €351,761 | +€68,419 | +24.1% |
| Trade debts | 44 | €323,461 | €331,804 | +€8,343 | +2.6% |
| Suppliers | 440/4 | €323,461 | €331,804 | +€8,343 | +2.6% |
| Taxes, remuneration and social security | 45 | €32,930 | €37,262 | +€4,332 | +13.2% |
| Taxes | 450/3 | €6,890 | €6,505 | -€385 | -5.6% |
| Remuneration and social security | 454/9 | €26,039 | €30,757 | +€4,717 | +18.1% |
| Other amounts payable | 47/48 | €34,548 | €65,090 | +€30,543 | +88.4% |
| Accrued charges and deferred income | 492/3 | €0 | €1,756 | +€1,756 | +1,170,347% |
| Non-recurring operating income | 76A | €1,563 | €0 | -€1,563 | -100% |
| Remuneration, social security and pensions | 62 | €108,228 | €114,271 | +€6,042 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,866 | €34,269 | +€1,403 | +4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,011 | +€7,011 | |
| Other operating charges | 640/8 | €12,421 | €11,111 | -€1,311 | -10.6% |
| Non-recurring operating charges | 66A | €0 | -€280 | -€280 | |
| Gross operating margin | 9900 | €216,099 | €199,508 | -€16,591 | -7.7% |
| Operating profit (loss) | 9901 | €62,583 | €33,128 | -€29,455 | -47.1% |
| Financial income | 75/76B | €220 | €591 | +€371 | +169% |
| Recurring financial income | 75 | €220 | €591 | +€371 | +169% |
| Financial charges | 65/66B | €38,524 | €39,863 | +€1,340 | +3.5% |
| Recurring financial charges | 65 | €38,524 | €39,863 | +€1,340 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €24,279 | -€6,145 | -€30,424 | |
| Income taxes | 67/77 | €12,000 | €1,291 | -€10,709 | -89.2% |
| Profit (loss) for the period | 9904 | €12,279 | -€7,435 | -€19,715 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,279 | -€7,435 | -€19,715 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.