W comme Whisky: 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.
W comme Whisky
Largest movements
- Receivables within one year -€5,571
down €5,571 (-52.4%), from €10,640 to €5,069
of which Other amounts receivable: -€5,571
- Deferred charges and accrued income -€2,426
no longer reported in 2025 (was €2,426)
- Stocks and contracts +€2,224
up €2,224 (+3.4%), from €66,241 to €68,466
- Profit (loss) carried forward -€6,564
down €6,564, from €3,106 to -€3,458
- Short-term financial debts +€2,196
new in 2025: €2,196
- Trade debts -€1,786
down €1,786 (-9.9%), from €18,080 to €16,294
- Gross operating margin -€9,279
down €9,279, from €4,688 to -€4,592
- Depreciation -€2,617
down €2,617 (-87.5%), from €2,992 to €375
- Financial charges +€306
up €306 (+47.7%), from €643 to €949
- Financial income -€150
down €150 (-84.2%), from €178 to €28
- Other operating charges +€57
up €57 (+9.2%), from €619 to €676
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,713 | €91,582 | -€6,130 | -6.3% |
| Fixed assets | 21/28 | €862 | €487 | -€375 | -43.5% |
| Tangible fixed assets | 22/27 | €862 | €487 | -€375 | -43.5% |
| Plant, machinery and equipment | 23 | €512 | €384 | -€128 | -25.0% |
| Other tangible fixed assets | 26 | €350 | €103 | -€247 | -70.6% |
| Current assets | 29/58 | €96,851 | €91,096 | -€5,755 | -5.9% |
| Stocks and contracts in progress | 3 | €66,241 | €68,466 | +€2,224 | +3.4% |
| Stocks | 30/36 | €66,241 | €68,466 | +€2,224 | +3.4% |
| Amounts receivable within one year | 40/41 | €10,640 | €5,069 | -€5,571 | -52.4% |
| Trade receivables | 40 | €2,420 | €2,420 | = | 0.0% |
| Other amounts receivable | 41 | €8,220 | €2,649 | -€5,571 | -67.8% |
| Cash at bank and in hand | 54/58 | €17,544 | €17,561 | +€17 | +0.1% |
| Deferred charges and accrued income | 490/1 | €2,426 | - | -€2,426 | |
| Total equity and liabilities | 10/49 | €97,713 | €91,582 | -€6,130 | -6.3% |
| Equity | 10/15 | €61,240 | €54,676 | -€6,564 | -10.7% |
| Contributions | 10/11 | €58,134 | €58,134 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,106 | -€3,458 | -€6,564 | |
| Amounts payable | 17/49 | €36,472 | €36,906 | +€434 | +1.2% |
| Amounts payable within one year | 42/48 | €36,472 | €36,790 | +€318 | +0.9% |
| Financial debts | 43 | - | €2,196 | +€2,196 | |
| Credit institutions | 430/8 | - | €2,196 | +€2,196 | |
| Trade debts | 44 | €18,080 | €16,294 | -€1,786 | -9.9% |
| Suppliers | 440/4 | €18,080 | €16,294 | -€1,786 | -9.9% |
| Other amounts payable | 47/48 | €18,392 | €18,300 | -€92 | -0.5% |
| Accrued charges and deferred income | 492/3 | - | €116 | +€116 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,992 | €375 | -€2,617 | -87.5% |
| Other operating charges | 640/8 | €619 | €676 | +€57 | +9.2% |
| Gross operating margin | 9900 | €4,688 | -€4,592 | -€9,279 | |
| Operating profit (loss) | 9901 | €1,076 | -€5,643 | -€6,719 | |
| Financial income | 75/76B | €178 | €28 | -€150 | -84.2% |
| Recurring financial income | 75 | €178 | €28 | -€150 | -84.2% |
| Financial charges | 65/66B | €643 | €949 | +€306 | +47.7% |
| Recurring financial charges | 65 | €643 | €949 | +€306 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | €611 | -€6,564 | -€7,176 | |
| Profit (loss) for the period | 9904 | €611 | -€6,564 | -€7,176 | |
| Profit (loss) for the period to be appropriated | 9905 | €611 | -€6,564 | -€7,176 |
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.