WINE@HEART: 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.
WINE@HEART
Largest movements
- Stocks and contracts +€41,253
up €41,253 (+15.1%), from €272,792 to €314,045
- Receivables within one year +€10,775
up €10,775 (+55.9%), from €19,288 to €30,063
of which Trade receivables: +€7,637
- Tangible fixed assets -€10,611
down €10,611 (-33.7%), from €31,485 to €20,874
of which Furniture and vehicles: -€5,617
- Current portion of long-term debt +€42,642
up €42,642 (+275%), from €15,492 to €58,134
- Debts after one year -€23,134
down €23,134 (-54.1%), from €42,753 to €19,620
- Other debts +€21,768
up €21,768 (+27.6%), from €78,946 to €100,714
- Trade debts -€10,056
down €10,056 (-43.0%), from €23,381 to €13,325
- Tax, wage and social debts +€5,164
up €5,164 (+65.0%), from €7,950 to €13,114
of which Taxes: +€4,863
- Gross operating margin -€15,419
down €15,419 (-24.5%), from €62,870 to €47,451
- Other operating charges -€3,072
down €3,072 (-15.7%), from €19,520 to €16,448
- Financial charges +€1,449
up €1,449 (+11.1%), from €13,002 to €14,452
- Taxes -€1,138
down €1,138 (-33.9%), from €3,361 to €2,223
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 | €340,111 | €379,841 | +€39,730 | +11.7% |
| Fixed assets | 21/28 | €31,485 | €22,369 | -€9,116 | -29.0% |
| Tangible fixed assets | 22/27 | €31,485 | €20,874 | -€10,611 | -33.7% |
| Plant, machinery and equipment | 23 | €2,671 | €1,559 | -€1,112 | -41.6% |
| Furniture and vehicles | 24 | €12,638 | €7,021 | -€5,617 | -44.4% |
| Leasing and similar rights | 25 | €16,175 | €12,293 | -€3,882 | -24.0% |
| Financial fixed assets | 28 | - | €1,495 | +€1,495 | |
| Current assets | 29/58 | €308,626 | €357,472 | +€48,846 | +15.8% |
| Stocks and contracts in progress | 3 | €272,792 | €314,045 | +€41,253 | +15.1% |
| Stocks | 30/36 | €272,792 | €314,045 | +€41,253 | +15.1% |
| Amounts receivable within one year | 40/41 | €19,288 | €30,063 | +€10,775 | +55.9% |
| Trade receivables | 40 | €12,138 | €19,775 | +€7,637 | +62.9% |
| Other amounts receivable | 41 | €7,150 | €10,288 | +€3,138 | +43.9% |
| Cash at bank and in hand | 54/58 | €16,546 | €13,364 | -€3,182 | -19.2% |
| Total equity and liabilities | 10/49 | €340,111 | €379,841 | +€39,730 | +11.7% |
| Equity | 10/15 | €121,589 | €124,935 | +€3,346 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €102,989 | €106,335 | +€3,346 | +3.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €101,129 | €104,475 | +€3,346 | +3.3% |
| Amounts payable | 17/49 | €218,522 | €254,906 | +€36,384 | +16.6% |
| Amounts payable after more than one year | 17 | €42,753 | €19,620 | -€23,134 | -54.1% |
| Financial debts | 170/4 | €42,753 | €19,620 | -€23,134 | -54.1% |
| Amounts payable within one year | 42/48 | €175,769 | €235,286 | +€59,517 | +33.9% |
| Current portion of amounts payable after more than one year | 42 | €15,492 | €58,134 | +€42,642 | +275% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €23,381 | €13,325 | -€10,056 | -43.0% |
| Suppliers | 440/4 | €23,381 | €13,325 | -€10,056 | -43.0% |
| Taxes, remuneration and social security | 45 | €7,950 | €13,114 | +€5,164 | +65.0% |
| Taxes | 450/3 | €7,950 | €12,812 | +€4,863 | +61.2% |
| Remuneration and social security | 454/9 | - | €301 | +€301 | |
| Other amounts payable | 47/48 | €78,946 | €100,714 | +€21,768 | +27.6% |
| Non-recurring operating income | 76A | €18,019 | - | -€18,019 | |
| Remuneration, social security and pensions | 62 | €2,016 | €1,451 | -€565 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,985 | €10,611 | +€626 | +6.3% |
| Other operating charges | 640/8 | €19,520 | €16,448 | -€3,072 | -15.7% |
| Gross operating margin | 9900 | €62,870 | €47,451 | -€15,419 | -24.5% |
| Operating profit (loss) | 9901 | €31,349 | €18,941 | -€12,408 | -39.6% |
| Financial income | 75/76B | €828 | €1,080 | +€251 | +30.3% |
| Recurring financial income | 75 | €828 | €1,080 | +€251 | +30.3% |
| Financial charges | 65/66B | €13,002 | €14,452 | +€1,449 | +11.1% |
| Recurring financial charges | 65 | €13,002 | €14,452 | +€1,449 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €19,176 | €5,569 | -€13,606 | -71.0% |
| Income taxes | 67/77 | €3,361 | €2,223 | -€1,138 | -33.9% |
| Profit (loss) for the period | 9904 | €15,815 | €3,346 | -€12,468 | -78.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,815 | €3,346 | -€12,468 | -78.8% |
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 28 October 2026 via checked.be.