WINE & MORE: 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 & MORE
Largest movements
- Tangible fixed assets -€61,970
down €61,970 (-5.5%), from €1.1m to €1.1m
of which Land and buildings: -€46,657
- Debts after one year -€159,042
down €159,042 (-20.3%), from €784,080 to €625,038
- Trade debts +€118,208
up €118,208 (+331.7%), from €35,634 to €153,842
- Profit (loss) carried forward +€27,943
up €27,943 (+46.0%), from €60,750 to €88,693
- Current portion of long-term debt -€27,758
down €27,758 (-14.9%), from €186,800 to €159,042
- Gross operating margin -€104,666
down €104,666 (-30.9%), from €338,750 to €234,084
- Depreciation -€31,308
down €31,308 (-31.7%), from €98,609 to €67,301
- Staff costs -€16,526
down €16,526 (-16.6%), from €99,346 to €82,820
- Financial charges -€9,619
down €9,619 (-22.3%), from €43,079 to €33,460
- Taxes +€6,308
up €6,308 (+122.0%), from €5,169 to €11,477
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.
Cash bridge derived
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 | €1,458,195 | €1,419,185 | -€39,010 | -2.7% |
| Fixed assets | 21/28 | €1,122,786 | €1,060,816 | -€61,970 | -5.5% |
| Tangible fixed assets | 22/27 | €1,122,786 | €1,060,816 | -€61,970 | -5.5% |
| Land and buildings | 22 | €981,430 | €934,773 | -€46,657 | -4.8% |
| Plant, machinery and equipment | 23 | €139,103 | €125,192 | -€13,911 | -10.0% |
| Furniture and vehicles | 24 | €2,253 | €851 | -€1,402 | -62.2% |
| Current assets | 29/58 | €335,409 | €358,369 | +€22,960 | +6.8% |
| Stocks and contracts in progress | 3 | €250,428 | €250,348 | -€80 | 0.0% |
| Stocks | 30/36 | €250,428 | €250,348 | -€80 | 0.0% |
| Amounts receivable within one year | 40/41 | €18,949 | €28,204 | +€9,255 | +48.8% |
| Trade receivables | 40 | €15,324 | €24,565 | +€9,241 | +60.3% |
| Other amounts receivable | 41 | €3,625 | €3,639 | +€14 | +0.4% |
| Cash at bank and in hand | 54/58 | €66,032 | €79,817 | +€13,785 | +20.9% |
| Total equity and liabilities | 10/49 | €1,458,195 | €1,419,185 | -€39,010 | -2.7% |
| Equity | 10/15 | €128,920 | €156,864 | +€27,944 | +21.7% |
| Contributions | 10/11 | €61,973 | €61,974 | +€1 | 0.0% |
| Capital | 10 | €61,973 | €61,974 | +€1 | 0.0% |
| Issued capital | 100 | €61,973 | €61,974 | +€1 | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,750 | €88,693 | +€27,943 | +46.0% |
| Amounts payable | 17/49 | €1,329,275 | €1,262,321 | -€66,954 | -5.0% |
| Amounts payable after more than one year | 17 | €784,080 | €625,038 | -€159,042 | -20.3% |
| Financial debts | 170/4 | €784,080 | €625,038 | -€159,042 | -20.3% |
| Amounts payable within one year | 42/48 | €527,022 | €619,111 | +€92,089 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €186,800 | €159,042 | -€27,758 | -14.9% |
| Trade debts | 44 | €35,634 | €153,842 | +€118,208 | +331.7% |
| Suppliers | 440/4 | €35,634 | €153,842 | +€118,208 | +331.7% |
| Taxes, remuneration and social security | 45 | €47,174 | €36,396 | -€10,778 | -22.8% |
| Taxes | 450/3 | €31,913 | €19,137 | -€12,776 | -40.0% |
| Remuneration and social security | 454/9 | €15,261 | €17,259 | +€1,998 | +13.1% |
| Other amounts payable | 47/48 | €257,414 | €269,831 | +€12,417 | +4.8% |
| Accrued charges and deferred income | 492/3 | €18,173 | €18,172 | -€1 | 0.0% |
| Remuneration, social security and pensions | 62 | €99,346 | €82,820 | -€16,526 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,609 | €67,301 | -€31,308 | -31.7% |
| Other operating charges | 640/8 | €11,585 | €11,083 | -€502 | -4.3% |
| Gross operating margin | 9900 | €338,750 | €234,084 | -€104,666 | -30.9% |
| Operating profit (loss) | 9901 | €129,210 | €72,880 | -€56,330 | -43.6% |
| Financial charges | 65/66B | €43,079 | €33,460 | -€9,619 | -22.3% |
| Recurring financial charges | 65 | €43,079 | €33,460 | -€9,619 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €86,131 | €39,420 | -€46,711 | -54.2% |
| Income taxes | 67/77 | €5,169 | €11,477 | +€6,308 | +122.0% |
| Profit (loss) for the period | 9904 | €80,962 | €27,943 | -€53,019 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €80,962 | €27,943 | -€53,019 | -65.5% |
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 9 October 2026 via checked.be.