Sa Vinsji: 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.
Sa Vinsji
Largest movements
- Receivables within one year +€18,076
up €18,076 (+3,121%), from €579 to €18,655
of which Trade receivables: +€18,556
- Cash -€7,780
down €7,780 (-6.8%), from €114,695 to €106,914
mainly Receivables within one year (-€18,076) and Investment in fixed assets (net) (-€8,162)
- Financial fixed assets +€3,573
new in 2025: €3,573
- Tangible fixed assets -€2,171
down €2,171 (-15.8%), from €13,742 to €11,571
of which Furniture and vehicles: -€5,274
- Profit (loss) carried forward +€13,213
up €13,213 (+27.3%), from -€48,446 to -€35,232
- Trade debts +€7,163
up €7,163 (+35.3%), from €20,318 to €27,481
- Tax, wage and social debts -€4,156
down €4,156 (-15.4%), from €27,053 to €22,897
of which Taxes: -€7,517
- Other debts -€3,333
down €3,333 (-3.0%), from €112,874 to €109,541
- Gross operating margin -€32,407
down €32,407 (-18.6%), from €173,970 to €141,563
- Taxes +€3,393
up €3,393 (+338%), from €1,003 to €4,396
- Financial income +€2,876
up €2,876 (+637%), from €451 to €3,327
- Staff costs +€2,156
up €2,156 (+1.8%), from €117,184 to €119,340
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 | €130,399 | €143,286 | +€12,887 | +9.9% |
| Fixed assets | 21/28 | €13,742 | €15,143 | +€1,402 | +10.2% |
| Tangible fixed assets | 22/27 | €13,742 | €11,571 | -€2,171 | -15.8% |
| Land and buildings | 22 | - | €4,308 | +€4,308 | |
| Plant, machinery and equipment | 23 | €4,257 | €3,052 | -€1,205 | -28.3% |
| Furniture and vehicles | 24 | €9,485 | €4,211 | -€5,274 | -55.6% |
| Financial fixed assets | 28 | - | €3,573 | +€3,573 | |
| Current assets | 29/58 | €116,657 | €128,142 | +€11,485 | +9.8% |
| Stocks and contracts in progress | 3 | €1,230 | €2,573 | +€1,343 | +109% |
| Stocks | 30/36 | €1,230 | €2,573 | +€1,343 | +109% |
| Amounts receivable within one year | 40/41 | €579 | €18,655 | +€18,076 | +3,121% |
| Trade receivables | 40 | - | €18,556 | +€18,556 | |
| Other amounts receivable | 41 | €579 | €99 | -€480 | -83.0% |
| Cash at bank and in hand | 54/58 | €114,695 | €106,914 | -€7,780 | -6.8% |
| Deferred charges and accrued income | 490/1 | €154 | - | -€154 | |
| Total equity and liabilities | 10/49 | €130,399 | €143,286 | +€12,887 | +9.9% |
| Equity | 10/15 | -€29,846 | -€16,632 | +€13,213 | +44.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Profit (loss) carried forward | 14 | -€48,446 | -€35,232 | +€13,213 | +27.3% |
| Amounts payable | 17/49 | €160,245 | €159,918 | -€326 | -0.2% |
| Amounts payable within one year | 42/48 | €160,245 | €159,918 | -€326 | -0.2% |
| Trade debts | 44 | €20,318 | €27,481 | +€7,163 | +35.3% |
| Suppliers | 440/4 | €20,318 | €27,481 | +€7,163 | +35.3% |
| Taxes, remuneration and social security | 45 | €27,053 | €22,897 | -€4,156 | -15.4% |
| Taxes | 450/3 | €14,114 | €6,597 | -€7,517 | -53.3% |
| Remuneration and social security | 454/9 | €12,939 | €16,300 | +€3,361 | +26.0% |
| Other amounts payable | 47/48 | €112,874 | €109,541 | -€3,333 | -3.0% |
| Remuneration, social security and pensions | 62 | €117,184 | €119,340 | +€2,156 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,435 | €6,761 | +€325 | +5.1% |
| Other operating charges | 640/8 | €880 | €491 | -€389 | -44.2% |
| Gross operating margin | 9900 | €173,970 | €141,563 | -€32,407 | -18.6% |
| Operating profit (loss) | 9901 | €49,471 | €14,971 | -€34,499 | -69.7% |
| Financial income | 75/76B | €451 | €3,327 | +€2,876 | +637% |
| Recurring financial income | 75 | €451 | €3,327 | +€2,876 | +637% |
| Financial charges | 65/66B | €1,501 | €689 | -€812 | -54.1% |
| Recurring financial charges | 65 | €1,501 | €689 | -€812 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | €48,421 | €17,609 | -€30,812 | -63.6% |
| Income taxes | 67/77 | €1,003 | €4,396 | +€3,393 | +338% |
| Profit (loss) for the period | 9904 | €47,418 | €13,213 | -€34,205 | -72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,418 | €13,213 | -€34,205 | -72.1% |
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 23 October 2026 via checked.be.