LES VINTREPIDES: what changed
Two fiscal 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.
LES VINTREPIDES
Largest movements
- Stocks and contracts -€24,398
down €24,398 (-14.4%), from €169,648 to €145,250
- Tangible fixed assets -€22,437
down €22,437 (-4.0%), from €558,207 to €535,770
of which Land and buildings: -€17,468
- Cash +€18,228
up €18,228 (+122.4%), from €14,888 to €33,117
mainly Depreciation (+€27,437) and Stocks and contracts (+€24,398)
- Debts after one year -€41,468
down €41,468 (-8.0%), from €518,245 to €476,777
- Gross operating margin +€94,332
up €94,332 (+105.1%), from €89,722 to €184,055
- Staff costs +€19,347
up €19,347 (+18.5%), from €104,765 to €124,112
- Depreciation -€4,716
down €4,716 (-14.7%), from €32,153 to €27,437
- Other operating charges -€2,653
down €2,653 (-21.4%), from €12,400 to €9,747
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 | €796,827 | €761,625 | -€35,202 | -4.4% |
| Fixed assets | 21/28 | €560,219 | €537,782 | -€22,437 | -4.0% |
| Tangible fixed assets | 22/27 | €558,207 | €535,770 | -€22,437 | -4.0% |
| Land and buildings | 22 | €517,908 | €500,439 | -€17,468 | -3.4% |
| Plant, machinery and equipment | 23 | €1,995 | €718 | -€1,277 | -64.0% |
| Furniture and vehicles | 24 | €9,347 | €4,556 | -€4,790 | -51.3% |
| Other tangible fixed assets | 26 | €28,958 | €30,057 | +€1,099 | +3.8% |
| Financial fixed assets | 28 | €2,012 | €2,012 | = | 0.0% |
| Current assets | 29/58 | €236,608 | €223,843 | -€12,765 | -5.4% |
| Stocks and contracts in progress | 3 | €169,648 | €145,250 | -€24,398 | -14.4% |
| Stocks | 30/36 | €169,648 | €145,250 | -€24,398 | -14.4% |
| Amounts receivable within one year | 40/41 | €52,072 | €45,311 | -€6,761 | -13.0% |
| Trade receivables | 40 | €52,060 | €45,031 | -€7,028 | -13.5% |
| Other amounts receivable | 41 | €12 | €280 | +€268 | +2202.1% |
| Cash at bank and in hand | 54/58 | €14,888 | €33,117 | +€18,228 | +122.4% |
| Deferred charges and accrued income | 490/1 | - | €165 | +€165 | |
| Total equity and liabilities | 10/49 | €796,827 | €761,625 | -€35,202 | -4.4% |
| Equity | 10/15 | -€4,609 | €976 | +€5,585 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,069 | -€39,484 | +€5,585 | +12.4% |
| Amounts payable | 17/49 | €801,436 | €760,649 | -€40,787 | -5.1% |
| Amounts payable after more than one year | 17 | €518,245 | €476,777 | -€41,468 | -8.0% |
| Financial debts | 170/4 | €518,245 | €476,777 | -€41,468 | -8.0% |
| Amounts payable within one year | 42/48 | €283,191 | €283,852 | +€660 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €52,083 | €53,220 | +€1,137 | +2.2% |
| Trade debts | 44 | €63,536 | €66,178 | +€2,641 | +4.2% |
| Suppliers | 440/4 | €63,536 | €66,178 | +€2,641 | +4.2% |
| Taxes, remuneration and social security | 45 | €56,084 | €49,258 | -€6,826 | -12.2% |
| Taxes | 450/3 | €36,967 | €31,081 | -€5,886 | -15.9% |
| Remuneration and social security | 454/9 | €19,117 | €18,178 | -€939 | -4.9% |
| Other amounts payable | 47/48 | €111,488 | €115,196 | +€3,708 | +3.3% |
| Accrued charges and deferred income | 492/3 | - | €21 | +€21 | |
| Remuneration, social security and pensions | 62 | €104,765 | €124,112 | +€19,347 | +18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,153 | €27,437 | -€4,716 | -14.7% |
| Other operating charges | 640/8 | €12,400 | €9,747 | -€2,653 | -21.4% |
| Gross operating margin | 9900 | €89,722 | €184,055 | +€94,332 | +105.1% |
| Operating profit (loss) | 9901 | -€59,596 | €22,759 | +€82,355 | |
| Financial income | 75/76B | €1,837 | €914 | -€923 | -50.3% |
| Recurring financial income | 75 | €1,837 | €914 | -€923 | -50.3% |
| Financial charges | 65/66B | €19,382 | €18,047 | -€1,334 | -6.9% |
| Recurring financial charges | 65 | €19,382 | €18,047 | -€1,334 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€77,140 | €5,625 | +€82,766 | |
| Income taxes | 67/77 | €42 | €40 | -€2 | -4.4% |
| Profit (loss) for the period | 9904 | -€77,182 | €5,585 | +€82,767 | |
| Profit (loss) for the period to be appropriated | 9905 | -€77,182 | €5,585 | +€82,767 |
Source: filed annual accounts (NBB), fiscal 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.