There are other compounds involved, ethanal + H(+) + NADH -> ethanol + NAD(+) where NAD is some really complicated compound. CO2 is produced by the reaction: pyruvate + H(+) -> ethanal + CO2 so the evolution of CO2, and therefore the carbonic acid, requires H(+) ions doesn't it?
Do you have any ideas about what else could cause the decrease in pH? I know it is quite a general question but I was hoping someone might know a lot about fermentation off the top of their heads. I thought perhaps some of the ethanal that did not react to form ethanol might form ethanoic acid, but I added a lot of sulfur dioxide to the wine samples which should bind with any unreacted ethanal to stop this from happening. I can't really think of any other way of explaining the decrease in pH though.