TIME 2 WINE: 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.
TIME 2 WINE
Largest movements
- Receivables within one year +€28,800
up €28,800 (+14.0%), from €205,209 to €234,009
of which Trade receivables: +€34,159
- Cash -€18,516
down €18,516 (-16.2%), from €114,017 to €95,500
mainly Trade debts (-€89,551) and Receivables within one year (-€28,800)
- Tangible fixed assets -€11,762
down €11,762 (-26.6%), from €44,138 to €32,376
of which Leasing and similar rights: -€11,325
- Trade debts -€89,551
down €89,551 (-81.0%), from €110,567 to €21,017
- Tax, wage and social debts +€43,670
up €43,670 (+254%), from €17,223 to €60,893
- Reserves +€41,591
up €41,591 (+36.7%), from €113,226 to €154,817
- Other debts +€13,402
up €13,402 (+58.6%), from €22,886 to €36,288
- Debts after one year -€11,389
down €11,389 (-35.6%), from €32,026 to €20,636
- Gross operating margin +€77,782
up €77,782 (+304%), from €25,554 to €103,336
- Taxes +€26,983
up €26,983 (+1,050%), from €2,571 to €29,554
- Financial charges -€1,568
down €1,568 (-43.8%), from €3,578 to €2,010
of which Non-recurring financial charges: -€1,304
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €364,708 | €365,328 | +€621 | +0.2% |
| Fixed assets | 21/28 | €44,368 | €32,606 | -€11,762 | -26.5% |
| Tangible fixed assets | 22/27 | €44,138 | €32,376 | -€11,762 | -26.6% |
| Plant, machinery and equipment | 23 | €1,518 | €1,081 | -€437 | -28.8% |
| Leasing and similar rights | 25 | €42,620 | €31,295 | -€11,325 | -26.6% |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €320,339 | €332,722 | +€12,382 | +3.9% |
| Amounts receivable within one year | 40/41 | €205,209 | €234,009 | +€28,800 | +14.0% |
| Trade receivables | 40 | €199,395 | €233,554 | +€34,159 | +17.1% |
| Other amounts receivable | 41 | €5,814 | €455 | -€5,359 | -92.2% |
| Cash at bank and in hand | 54/58 | €114,017 | €95,500 | -€18,516 | -16.2% |
| Deferred charges and accrued income | 490/1 | €1,114 | €3,213 | +€2,098 | +188% |
| Total equity and liabilities | 10/49 | €364,708 | €365,328 | +€621 | +0.2% |
| Equity | 10/15 | €170,900 | €215,013 | +€44,113 | +25.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €113,226 | €154,817 | +€41,591 | +36.7% |
| Distributable reserves | 133 | €113,226 | €154,817 | +€41,591 | +36.7% |
| Profit (loss) carried forward | 14 | €7,675 | €10,196 | +€2,521 | +32.9% |
| Amounts payable | 17/49 | €193,807 | €150,315 | -€43,492 | -22.4% |
| Amounts payable after more than one year | 17 | €32,026 | €20,636 | -€11,389 | -35.6% |
| Financial debts | 170/4 | €32,026 | €20,636 | -€11,389 | -35.6% |
| Amounts payable within one year | 42/48 | €161,781 | €129,679 | -€32,103 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €11,105 | €11,389 | +€284 | +2.6% |
| Trade debts | 44 | €110,567 | €21,017 | -€89,551 | -81.0% |
| Suppliers | 440/4 | €110,567 | €21,017 | -€89,551 | -81.0% |
| Advances received on contracts in progress | 46 | - | €91 | +€91 | |
| Taxes, remuneration and social security | 45 | €17,223 | €60,893 | +€43,670 | +254% |
| Taxes | 450/3 | €17,223 | €60,893 | +€43,670 | +254% |
| Other amounts payable | 47/48 | €22,886 | €36,288 | +€13,402 | +58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,580 | €11,762 | -€818 | -6.5% |
| Other operating charges | 640/8 | €2,685 | €2,698 | +€13 | +0.5% |
| Gross operating margin | 9900 | €25,554 | €103,336 | +€77,782 | +304% |
| Operating profit (loss) | 9901 | €10,289 | €88,876 | +€78,587 | +764% |
| Financial income | 75/76B | €880 | €209 | -€671 | -76.3% |
| Recurring financial income | 75 | €880 | €209 | -€671 | -76.3% |
| Financial charges | 65/66B | €3,578 | €2,010 | -€1,568 | -43.8% |
| Recurring financial charges | 65 | €2,274 | €2,010 | -€264 | -11.6% |
| Non-recurring financial charges | 66B | €1,304 | €0 | -€1,304 | -100% |
| Profit (loss) for the period before taxes | 9903 | €7,591 | €87,075 | +€79,484 | +1,047% |
| Income taxes | 67/77 | €2,571 | €29,554 | +€26,983 | +1,050% |
| Profit (loss) for the period | 9904 | €5,020 | €57,521 | +€52,501 | +1,046% |
| Profit (loss) for the period to be appropriated | 9905 | €5,020 | €57,521 | +€52,501 | +1,046% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.