1904VINS1: 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.
1904VINS1
Largest movements
- Deferred charges and accrued income +€5,978
up €5,978 (+677%), from €882 to €6,860
- Cash +€2,756
up €2,756 (+64.3%), from €4,285 to €7,041
mainly Current portion of long-term debt (+€4,064) and Depreciation (+€4,051)
- Receivables within one year +€2,122
up €2,122 (+93.4%), from €2,272 to €4,394
of which Other amounts receivable: +€4,385
- Tangible fixed assets -€1,373
down €1,373 (-9.1%), from €15,099 to €13,726
of which Other tangible fixed assets: -€1,542
- Current portion of long-term debt +€4,064
up €4,064 (+3,546%), from €115 to €4,179
- Tax, wage and social debts +€3,888
up €3,888 (+391%), from €993 to €4,882
of which Remuneration and social security: +€2,928
- Other debts -€3,743
down €3,743 (-24.8%), from €15,110 to €11,367
- Debts after one year +€3,645
new in 2025: €3,645
- Profit (loss) carried forward +€1,142
up €1,142 (+31.5%), from -€3,623 to -€2,481
- Gross operating margin +€26,280
up €26,280 (+606%), from €4,339 to €30,619
- Staff costs +€22,775
up €22,775 (+11,120%), from €205 to €22,980
- Depreciation +€569
up €569 (+16.4%), from €3,481 to €4,051
- Financial charges +€481
up €481 (+34.3%), from €1,401 to €1,882
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 | €22,739 | €32,526 | +€9,788 | +43.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €15,299 | €14,232 | -€1,068 | -7.0% |
| Tangible fixed assets | 22/27 | €15,099 | €13,726 | -€1,373 | -9.1% |
| Plant, machinery and equipment | 23 | €6,618 | €7,579 | +€962 | +14.5% |
| Furniture and vehicles | 24 | €2,521 | €1,729 | -€793 | -31.4% |
| Other tangible fixed assets | 26 | €5,960 | €4,418 | -€1,542 | -25.9% |
| Financial fixed assets | 28 | €200 | €506 | +€306 | +153% |
| Current assets | 29/58 | €7,439 | €18,295 | +€10,855 | +146% |
| Amounts receivable within one year | 40/41 | €2,272 | €4,394 | +€2,122 | +93.4% |
| Trade receivables | 40 | €2,263 | €0 | -€2,263 | -100% |
| Other amounts receivable | 41 | €9 | €4,394 | +€4,385 | +49,827% |
| Cash at bank and in hand | 54/58 | €4,285 | €7,041 | +€2,756 | +64.3% |
| Deferred charges and accrued income | 490/1 | €882 | €6,860 | +€5,978 | +677% |
| Total equity and liabilities | 10/49 | €22,739 | €32,526 | +€9,788 | +43.0% |
| Equity | 10/15 | €2,577 | €3,719 | +€1,142 | +44.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,623 | -€2,481 | +€1,142 | +31.5% |
| Amounts payable | 17/49 | €20,161 | €28,807 | +€8,646 | +42.9% |
| Amounts payable after more than one year | 17 | - | €3,645 | +€3,645 | |
| Financial debts | 170/4 | - | €3,645 | +€3,645 | |
| Amounts payable within one year | 42/48 | €20,034 | €24,969 | +€4,935 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €115 | €4,179 | +€4,064 | +3,546% |
| Trade debts | 44 | €3,816 | €4,542 | +€726 | +19.0% |
| Suppliers | 440/4 | €3,816 | €4,542 | +€726 | +19.0% |
| Taxes, remuneration and social security | 45 | €993 | €4,882 | +€3,888 | +391% |
| Taxes | 450/3 | €993 | €1,953 | +€960 | +96.6% |
| Remuneration and social security | 454/9 | - | €2,928 | +€2,928 | |
| Other amounts payable | 47/48 | €15,110 | €11,367 | -€3,743 | -24.8% |
| Accrued charges and deferred income | 492/3 | €127 | €193 | +€66 | +51.6% |
| Remuneration, social security and pensions | 62 | €205 | €22,980 | +€22,775 | +11,120% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,481 | €4,051 | +€569 | +16.4% |
| Other operating charges | 640/8 | €505 | €568 | +€62 | +12.3% |
| Gross operating margin | 9900 | €4,339 | €30,619 | +€26,280 | +606% |
| Operating profit (loss) | 9901 | €147 | €3,020 | +€2,873 | +1,956% |
| Financial income | 75/76B | €1 | €4 | +€3 | +506% |
| Recurring financial income | 75 | €1 | €4 | +€3 | +506% |
| Financial charges | 65/66B | €1,401 | €1,882 | +€481 | +34.3% |
| Recurring financial charges | 65 | €1,401 | €1,882 | +€481 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,254 | €1,142 | +€2,396 | |
| Profit (loss) for the period | 9904 | -€1,254 | €1,142 | +€2,396 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,254 | €1,142 | +€2,396 |
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 20 October 2026 via checked.be.