Wine-not: 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-not
Largest movements
- Stocks and contracts -€26,610
down €26,610 (-14.6%), from €182,333 to €155,723
- Cash -€19,556
down €19,556 (-40.0%), from €48,882 to €29,327
mainly Trade debts (-€26,778) and Investment in fixed assets (net) (-€21,601)
- Tangible fixed assets +€5,731
up €5,731 (+18.7%), from €30,642 to €36,373
of which Furniture and vehicles: +€11,766
- Receivables within one year -€3,813
down €3,813 (-7.7%), from €49,499 to €45,686
of which Trade receivables: -€4,721
- Trade debts -€26,778
down €26,778 (-43.4%), from €61,666 to €34,888
- Profit (loss) carried forward -€8,096
down €8,096 (-12.2%), from €66,573 to €58,477
- Debts after one year -€6,377
down €6,377 (-23.0%), from €27,673 to €21,297
- Current portion of long-term debt +€3,761
up €3,761 (+29.3%), from €12,842 to €16,604
- Gross operating margin -€9,753
down €9,753 (-43.2%), from €22,556 to €12,803
- Depreciation +€5,772
up €5,772 (+56.0%), from €10,302 to €16,074
- Other operating charges -€3,101
down €3,101 (-68.4%), from €4,531 to €1,430
- Taxes -€1,206
down €1,206 (-88.8%), from €1,358 to €153
- Write-downs +€628
no longer reported in 2025 (was -€628)
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 | €337,860 | €295,546 | -€42,313 | -12.5% |
| Fixed assets | 21/28 | €30,895 | €36,422 | +€5,527 | +17.9% |
| Intangible fixed assets | 21 | €204 | - | -€204 | |
| Tangible fixed assets | 22/27 | €30,642 | €36,373 | +€5,731 | +18.7% |
| Land and buildings | 22 | €16,332 | €10,835 | -€5,497 | -33.7% |
| Furniture and vehicles | 24 | €12,588 | €24,354 | +€11,766 | +93.5% |
| Other tangible fixed assets | 26 | €1,721 | €1,184 | -€538 | -31.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €306,965 | €259,124 | -€47,841 | -15.6% |
| Stocks and contracts in progress | 3 | €182,333 | €155,723 | -€26,610 | -14.6% |
| Stocks | 30/36 | €182,333 | €155,723 | -€26,610 | -14.6% |
| Amounts receivable within one year | 40/41 | €49,499 | €45,686 | -€3,813 | -7.7% |
| Trade receivables | 40 | €46,471 | €41,750 | -€4,721 | -10.2% |
| Other amounts receivable | 41 | €3,028 | €3,936 | +€908 | +30.0% |
| Current investments | 50/53 | €25,545 | €27,471 | +€1,926 | +7.5% |
| Cash at bank and in hand | 54/58 | €48,882 | €29,327 | -€19,556 | -40.0% |
| Deferred charges and accrued income | 490/1 | €705 | €917 | +€213 | +30.2% |
| Total equity and liabilities | 10/49 | €337,860 | €295,546 | -€42,313 | -12.5% |
| Equity | 10/15 | €212,033 | €203,937 | -€8,096 | -3.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Capital | 10 | €20,460 | - | -€20,460 | |
| Issued capital | 100 | €20,460 | - | -€20,460 | |
| Contributions outside capital | 11 | - | €20,460 | +€20,460 | |
| Other | 1109/19 | - | €20,460 | +€20,460 | |
| Reserves | 13 | €125,000 | €125,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,573 | €58,477 | -€8,096 | -12.2% |
| Amounts payable | 17/49 | €125,827 | €91,609 | -€34,217 | -27.2% |
| Amounts payable after more than one year | 17 | €27,673 | €21,297 | -€6,377 | -23.0% |
| Financial debts | 170/4 | €27,673 | €21,297 | -€6,377 | -23.0% |
| Amounts payable within one year | 42/48 | €98,153 | €69,891 | -€28,263 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €12,842 | €16,604 | +€3,761 | +29.3% |
| Financial debts | 43 | €3,498 | €3,481 | -€17 | -0.5% |
| Credit institutions | 430/8 | €3,498 | €3,481 | -€17 | -0.5% |
| Trade debts | 44 | €61,666 | €34,888 | -€26,778 | -43.4% |
| Suppliers | 440/4 | €61,666 | €34,888 | -€26,778 | -43.4% |
| Taxes, remuneration and social security | 45 | €15,718 | €13,511 | -€2,207 | -14.0% |
| Taxes | 450/3 | €15,718 | €13,511 | -€2,207 | -14.0% |
| Other amounts payable | 47/48 | €4,429 | €1,407 | -€3,022 | -68.2% |
| Accrued charges and deferred income | 492/3 | - | €422 | +€422 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,302 | €16,074 | +€5,772 | +56.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€628 | - | +€628 | |
| Other operating charges | 640/8 | €4,531 | €1,430 | -€3,101 | -68.4% |
| Gross operating margin | 9900 | €22,556 | €12,803 | -€9,753 | -43.2% |
| Operating profit (loss) | 9901 | €8,350 | -€4,701 | -€13,051 | |
| Financial income | 75/76B | €65 | €190 | +€124 | +190.6% |
| Recurring financial income | 75 | €65 | €190 | +€124 | +190.6% |
| Financial charges | 65/66B | €3,263 | €3,432 | +€169 | +5.2% |
| Recurring financial charges | 65 | €3,263 | €3,432 | +€169 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €5,153 | -€7,943 | -€13,096 | |
| Income taxes | 67/77 | €1,358 | €153 | -€1,206 | -88.8% |
| Profit (loss) for the period | 9904 | €3,795 | -€8,096 | -€11,891 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,795 | -€8,096 | -€11,891 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.