WHISKYWAREHOUSE: 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.
WHISKYWAREHOUSE
Largest movements
- Stocks and contracts -€44,780
down €44,780 (-13.4%), from €334,318 to €289,538
- Tangible fixed assets -€39,030
down €39,030 (-8.4%), from €465,315 to €426,285
of which Land and buildings: -€20,370
- Cash +€37,540
up €37,540 (+548%), from €6,845 to €44,385
mainly Stocks and contracts (+€44,780) and Depreciation (+€39,030)
- Receivables within one year +€24,568
up €24,568 (+260%), from €9,439 to €34,007
of which Trade receivables: +€24,463
- Debts after one year -€33,988
down €33,988 (-10.6%), from €321,119 to €287,132
- Trade debts +€32,386
up €32,386 (+55.0%), from €58,856 to €91,242
- Profit (loss) carried forward -€24,839
new in 2025: -€24,839
- Short-term financial debts +€24,742
new in 2025: €24,742
- Tax, wage and social debts -€20,796
down €20,796 (-59.0%), from €35,226 to €14,430
- Gross operating margin -€16,355
down €16,355 (-36.3%), from €45,109 to €28,754
- Financial income +€3,674
up €3,674 (+2,144%), from €171 to €3,845
- Financial charges -€1,187
down €1,187 (-8.4%), from €14,124 to €12,936
- Other operating charges +€894
up €894 (+23.0%), from €3,895 to €4,790
- Taxes -€622
down €622 (-58.3%), from €1,067 to €445
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 | €817,269 | €796,008 | -€21,262 | -2.6% |
| Fixed assets | 21/28 | €465,315 | €426,285 | -€39,030 | -8.4% |
| Tangible fixed assets | 22/27 | €465,315 | €426,285 | -€39,030 | -8.4% |
| Land and buildings | 22 | €390,424 | €370,054 | -€20,370 | -5.2% |
| Plant, machinery and equipment | 23 | €17,189 | €14,494 | -€2,695 | -15.7% |
| Furniture and vehicles | 24 | €57,702 | €41,737 | -€15,964 | -27.7% |
| Current assets | 29/58 | €351,954 | €369,722 | +€17,768 | +5.0% |
| Stocks and contracts in progress | 3 | €334,318 | €289,538 | -€44,780 | -13.4% |
| Stocks | 30/36 | €334,318 | €289,538 | -€44,780 | -13.4% |
| Amounts receivable within one year | 40/41 | €9,439 | €34,007 | +€24,568 | +260% |
| Trade receivables | 40 | €9,431 | €33,894 | +€24,463 | +259% |
| Other amounts receivable | 41 | €8 | €113 | +€105 | +1,395% |
| Cash at bank and in hand | 54/58 | €6,845 | €44,385 | +€37,540 | +548% |
| Deferred charges and accrued income | 490/1 | €1,352 | €1,793 | +€440 | +32.6% |
| Total equity and liabilities | 10/49 | €817,269 | €796,008 | -€21,262 | -2.6% |
| Equity | 10/15 | €351,058 | €326,219 | -€24,839 | -7.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €336,058 | €336,058 | = | 0.0% |
| Distributable reserves | 133 | €336,058 | €336,058 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€24,839 | -€24,839 | |
| Amounts payable | 17/49 | €466,211 | €469,789 | +€3,578 | +0.8% |
| Amounts payable after more than one year | 17 | €321,119 | €287,132 | -€33,988 | -10.6% |
| Financial debts | 170/4 | €321,119 | €287,132 | -€33,988 | -10.6% |
| Amounts payable within one year | 42/48 | €144,889 | €176,369 | +€31,480 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €33,046 | €33,988 | +€942 | +2.8% |
| Financial debts | 43 | - | €24,742 | +€24,742 | |
| Credit institutions | 430/8 | - | €24,742 | +€24,742 | |
| Trade debts | 44 | €58,856 | €91,242 | +€32,386 | +55.0% |
| Suppliers | 440/4 | €58,856 | €91,242 | +€32,386 | +55.0% |
| Taxes, remuneration and social security | 45 | €35,226 | €14,430 | -€20,796 | -59.0% |
| Taxes | 450/3 | €35,226 | €14,430 | -€20,796 | -59.0% |
| Other amounts payable | 47/48 | €17,761 | €11,967 | -€5,794 | -32.6% |
| Accrued charges and deferred income | 492/3 | €203 | €6,289 | +€6,086 | +3,000% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,030 | €39,030 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €238 | +€238 | |
| Other operating charges | 640/8 | €3,895 | €4,790 | +€894 | +23.0% |
| Gross operating margin | 9900 | €45,109 | €28,754 | -€16,355 | -36.3% |
| Operating profit (loss) | 9901 | €2,184 | -€15,303 | -€17,487 | |
| Financial income | 75/76B | €171 | €3,845 | +€3,674 | +2,144% |
| Recurring financial income | 75 | €171 | €3,845 | +€3,674 | +2,144% |
| Financial charges | 65/66B | €14,124 | €12,936 | -€1,187 | -8.4% |
| Recurring financial charges | 65 | €14,124 | €12,936 | -€1,187 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,769 | -€24,394 | -€12,625 | -107% |
| Income taxes | 67/77 | €1,067 | €445 | -€622 | -58.3% |
| Profit (loss) for the period | 9904 | -€12,835 | -€24,839 | -€12,004 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,835 | -€24,839 | -€12,004 | -93.5% |
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.