Vinoherck: 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
Vinoherck
NACE 46.349, Wholesale of beverages, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€18,452
2024 · -€92,419+€73,967
Equity
€646,375
2024 · €664,827-€18,452
Cash
€45,881
2024 · €39,656+€6,225
Balance sheet total
€1.6m
2024 · €1.6m-€30,027
Largest movements
Assets
- Tangible fixed assets -€53,901
down €53,901 (-17.0%), from €317,558 to €263,657
of which Land and buildings: -€43,130
- Deferred charges and accrued income +€23,929
up €23,929 (+240%), from €9,959 to €33,888
Equity and liabilities
- Trade debts +€66,158
up €66,158 (+20.5%), from €323,494 to €389,653
- Tax, wage and social debts -€43,437
down €43,437 (-39.4%), from €110,333 to €66,896
of which Taxes: -€24,661
- Debts after one year -€25,020
down €25,020 (-54.1%), from €46,230 to €21,210
- Reserves -€20,367
down €20,367 (-8.8%), from €232,583 to €212,216
of which Tax-exempt reserves: -€20,367
Income statement
- Staff costs -€75,237
down €75,237 (-24.5%), from €307,157 to €231,920
- Gross operating margin -€9,380
down €9,380 (-2.7%), from €341,869 to €332,489
- Financial charges -€5,187
down €5,187 (-16.3%), from €31,811 to €26,625
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
-€92,419
Gross operating margin
-€9,380
Staff costs
+€75,237
Depreciation
+€3,407
Other operating charges
+€444
Financial income
-€927
Financial charges
+€5,187
Result 2025
-€18,452
raises the resultlowers the result
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
+€57,815
Investment
-€12,060
Financing
-€39,530
Cash 2024
€39,656
From operations (derived)
+€57,815
Net result for the year
-€18,452
Depreciation
+€75,690
Stocks and contracts
+€3,925
Receivables within one year
-€7,374
Deferred charges and accrued income
-€23,929
Trade debts
+€66,158
Tax, wage and social debts
-€43,437
Other debts
+€6,486
Accrued charges and deferred income
-€1,252
Investment (derived)
-€12,060
Investment in fixed assets (net)
-€12,060
Financing
-€39,530
Debts after one year
-€25,020
Current portion of long-term debt
-€14,511
Cash 2025
€45,881
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,632,394 | €1,602,367 | -€30,027 | -1.8% |
| Fixed assets | 21/28 | €348,057 | €284,427 | -€63,630 | -18.3% |
| Intangible fixed assets | 21 | €29,825 | €20,095 | -€9,729 | -32.6% |
| Tangible fixed assets | 22/27 | €317,558 | €263,657 | -€53,901 | -17.0% |
| Land and buildings | 22 | €290,417 | €247,287 | -€43,130 | -14.9% |
| Furniture and vehicles | 24 | €27,141 | €16,369 | -€10,771 | -39.7% |
| Financial fixed assets | 28 | €675 | €675 | = | 0.0% |
| Current assets | 29/58 | €1,284,337 | €1,317,940 | +€33,603 | +2.6% |
| Stocks and contracts in progress | 3 | €921,034 | €917,109 | -€3,925 | -0.4% |
| Stocks | 30/36 | €921,034 | €917,109 | -€3,925 | -0.4% |
| Amounts receivable within one year | 40/41 | €313,687 | €321,062 | +€7,374 | +2.4% |
| Trade receivables | 40 | €313,400 | €235,774 | -€77,626 | -24.8% |
| Other amounts receivable | 41 | €288 | €85,288 | +€85,000 | +29,562% |
| Cash at bank and in hand | 54/58 | €39,656 | €45,881 | +€6,225 | +15.7% |
| Deferred charges and accrued income | 490/1 | €9,959 | €33,888 | +€23,929 | +240% |
| Total equity and liabilities | 10/49 | €1,632,394 | €1,602,367 | -€30,027 | -1.8% |
| Equity | 10/15 | €664,827 | €646,375 | -€18,452 | -2.8% |
| Contributions | 10/11 | €63,840 | €63,840 | = | 0.0% |
| Capital | 10 | €63,840 | €63,840 | = | 0.0% |
| Issued capital | 100 | €63,840 | €63,840 | = | 0.0% |
| Reserves | 13 | €232,583 | €212,216 | -€20,367 | -8.8% |
| Non-distributable reserves | 130/1 | €6,384 | €6,384 | = | 0.0% |
| Legal reserve | 130 | €6,384 | €6,384 | = | 0.0% |
| Tax-exempt reserves | 132 | €130,152 | €109,785 | -€20,367 | -15.6% |
| Distributable reserves | 133 | €96,047 | €96,047 | = | 0.0% |
| Profit (loss) carried forward | 14 | €368,403 | €370,318 | +€1,915 | +0.5% |
| Amounts payable | 17/49 | €967,568 | €955,993 | -€11,575 | -1.2% |
| Amounts payable after more than one year | 17 | €46,230 | €21,210 | -€25,020 | -54.1% |
| Financial debts | 170/4 | €46,230 | €21,210 | -€25,020 | -54.1% |
| Amounts payable within one year | 42/48 | €920,074 | €934,771 | +€14,697 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €39,530 | €25,020 | -€14,511 | -36.7% |
| Financial debts | 43 | €240,000 | €240,000 | = | 0.0% |
| Credit institutions | 430/8 | €240,000 | €240,000 | = | 0.0% |
| Trade debts | 44 | €323,494 | €389,653 | +€66,158 | +20.5% |
| Suppliers | 440/4 | €323,494 | €389,653 | +€66,158 | +20.5% |
| Taxes, remuneration and social security | 45 | €110,333 | €66,896 | -€43,437 | -39.4% |
| Taxes | 450/3 | €67,313 | €42,652 | -€24,661 | -36.6% |
| Remuneration and social security | 454/9 | €43,021 | €24,244 | -€18,776 | -43.6% |
| Other amounts payable | 47/48 | €206,716 | €213,202 | +€6,486 | +3.1% |
| Accrued charges and deferred income | 492/3 | €1,264 | €12 | -€1,252 | -99.1% |
| Non-recurring operating income | 76A | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | €307,157 | €231,920 | -€75,237 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,097 | €75,690 | -€3,407 | -4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €18,399 | €17,955 | -€444 | -2.4% |
| Gross operating margin | 9900 | €341,869 | €332,489 | -€9,380 | -2.7% |
| Operating profit (loss) | 9901 | -€62,784 | €6,923 | +€69,708 | |
| Financial income | 75/76B | €2,177 | €1,249 | -€927 | -42.6% |
| Recurring financial income | 75 | €2,177 | €1,249 | -€927 | -42.6% |
| Financial charges | 65/66B | €31,811 | €26,625 | -€5,187 | -16.3% |
| Recurring financial charges | 65 | €31,811 | €26,625 | -€5,187 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | -€92,419 | -€18,452 | +€73,967 | +80.0% |
| Profit (loss) for the period | 9904 | -€92,419 | -€18,452 | +€73,967 | +80.0% |
| Transfer from tax-exempt reserves | 789 | €20,367 | €20,367 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,052 | €1,915 | +€73,967 |
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 29 October 2026 via checked.be.