GROUP VINUM: 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.
GROUP VINUM
Largest movements
- Receivables within one year +€6,423
up €6,423 (+99.0%), from €6,490 to €12,914
of which Trade receivables: +€5,433
- Cash +€4,528
up €4,528 (+34.1%), from €13,289 to €17,817
mainly Net result for the year (+€8,108) and Tax, wage and social debts (+€1,774)
- Profit (loss) carried forward +€8,108
up €8,108, from -€1,379 to €6,729
- Tax, wage and social debts +€1,774
up €1,774 (+103%), from €1,729 to €3,503
- Other debts +€435
up €435 (+4.5%), from €9,658 to €10,093
- Trade debts +€402
up €402 (+75.9%), from €530 to €931
- Gross operating margin -€4,296
down €4,296 (-26.3%), from €16,324 to €12,028
- Taxes +€3,051
up €3,051 (+666%), from €458 to €3,509
- Staff costs -€2,087
no longer reported in 2025 (was €2,087)
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 | €20,536 | €31,256 | +€10,719 | +52.2% |
| Fixed assets | 21/28 | €702 | €473 | -€229 | -32.6% |
| Tangible fixed assets | 22/27 | €702 | €473 | -€229 | -32.6% |
| Furniture and vehicles | 24 | €702 | €473 | -€229 | -32.6% |
| Current assets | 29/58 | €19,834 | €30,782 | +€10,948 | +55.2% |
| Amounts receivable within one year | 40/41 | €6,490 | €12,914 | +€6,423 | +99.0% |
| Trade receivables | 40 | €6,490 | €11,923 | +€5,433 | +83.7% |
| Other amounts receivable | 41 | - | €991 | +€991 | |
| Cash at bank and in hand | 54/58 | €13,289 | €17,817 | +€4,528 | +34.1% |
| Deferred charges and accrued income | 490/1 | €55 | €52 | -€3 | -6.2% |
| Total equity and liabilities | 10/49 | €20,536 | €31,256 | +€10,719 | +52.2% |
| Equity | 10/15 | €8,621 | €16,729 | +€8,108 | +94.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,379 | €6,729 | +€8,108 | |
| Amounts payable | 17/49 | €11,916 | €14,527 | +€2,611 | +21.9% |
| Amounts payable within one year | 42/48 | €11,916 | €14,527 | +€2,611 | +21.9% |
| Trade debts | 44 | €530 | €931 | +€402 | +75.9% |
| Suppliers | 440/4 | €530 | €931 | +€402 | +75.9% |
| Taxes, remuneration and social security | 45 | €1,729 | €3,503 | +€1,774 | +103% |
| Taxes | 450/3 | €1,729 | €3,503 | +€1,774 | +103% |
| Other amounts payable | 47/48 | €9,658 | €10,093 | +€435 | +4.5% |
| Remuneration, social security and pensions | 62 | €2,087 | - | -€2,087 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229 | €229 | = | 0.0% |
| Other operating charges | 640/8 | €18 | - | -€18 | |
| Gross operating margin | 9900 | €16,324 | €12,028 | -€4,296 | -26.3% |
| Operating profit (loss) | 9901 | €13,990 | €11,799 | -€2,191 | -15.7% |
| Financial income | 75/76B | €21 | €7 | -€14 | -65.8% |
| Recurring financial income | 75 | €21 | €7 | -€14 | -65.8% |
| Financial charges | 65/66B | €119 | €189 | +€70 | +59.1% |
| Recurring financial charges | 65 | €119 | €189 | +€70 | +59.1% |
| Profit (loss) for the period before taxes | 9903 | €13,892 | €11,618 | -€2,275 | -16.4% |
| Income taxes | 67/77 | €458 | €3,509 | +€3,051 | +666% |
| Profit (loss) for the period | 9904 | €13,434 | €8,108 | -€5,326 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,434 | €8,108 | -€5,326 | -39.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.