Vegavino: 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.
Vegavino
Largest movements
- Tangible fixed assets +€86,337
new in 2025: €86,337
- Receivables within one year +€43,859
up €43,859 (+277%), from €15,839 to €59,698
of which Trade receivables: +€39,599
- Stocks and contracts +€28,738
up €28,738 (+82.9%), from €34,672 to €63,410
- Cash +€5,347
up €5,347 (+140%), from €3,816 to €9,162
mainly Other debts (+€115,169) and Debts after one year (+€100,000)
- Deferred charges and accrued income +€2,748
up €2,748 (+2,199%), from €125 to €2,873
- Other debts +€115,169
up €115,169 (+5,037%), from €2,287 to €117,455
- Debts after one year +€100,000
new in 2025: €100,000
- Trade debts -€33,520
down €33,520 (-75.2%), from €44,584 to €11,064
- Profit (loss) carried forward -€14,078
down €14,078 (-481%), from -€2,926 to -€17,004
- Tax, wage and social debts -€4,620
down €4,620 (-100%), from €4,620 to €0
- Gross operating margin -€6,166
down €6,166 (-256%), from -€2,408 to -€8,574
- Depreciation +€3,706
up €3,706 (+3,215%), from €115 to €3,821
- Other operating charges +€687
up €687 (+177%), from €387 to €1,075
- Financial charges +€596
up €596 (+3,846%), from €16 to €612
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 | €55,148 | €221,480 | +€166,333 | +302% |
| Formation expenses | 20 | €696 | €0 | -€696 | -100% |
| Fixed assets | 21/28 | - | €86,337 | +€86,337 | |
| Tangible fixed assets | 22/27 | - | €86,337 | +€86,337 | |
| Furniture and vehicles | 24 | - | €86,337 | +€86,337 | |
| Current assets | 29/58 | €54,452 | €135,144 | +€80,692 | +148% |
| Stocks and contracts in progress | 3 | €34,672 | €63,410 | +€28,738 | +82.9% |
| Stocks | 30/36 | €34,672 | €63,410 | +€28,738 | +82.9% |
| Amounts receivable within one year | 40/41 | €15,839 | €59,698 | +€43,859 | +277% |
| Trade receivables | 40 | €15,839 | €55,438 | +€39,599 | +250% |
| Other amounts receivable | 41 | - | €4,260 | +€4,260 | |
| Cash at bank and in hand | 54/58 | €3,816 | €9,162 | +€5,347 | +140% |
| Deferred charges and accrued income | 490/1 | €125 | €2,873 | +€2,748 | +2,199% |
| Total equity and liabilities | 10/49 | €55,148 | €221,480 | +€166,333 | +302% |
| Equity | 10/15 | €2,074 | -€12,004 | -€14,078 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,926 | -€17,004 | -€14,078 | -481% |
| Amounts payable | 17/49 | €53,073 | €233,484 | +€180,411 | +340% |
| Amounts payable after more than one year | 17 | - | €100,000 | +€100,000 | |
| Financial debts | 170/4 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €53,073 | €133,484 | +€80,411 | +152% |
| Trade debts | 44 | €44,584 | €11,064 | -€33,520 | -75.2% |
| Suppliers | 440/4 | €44,584 | €11,064 | -€33,520 | -75.2% |
| Advances received on contracts in progress | 46 | €1,583 | €4,965 | +€3,382 | +214% |
| Taxes, remuneration and social security | 45 | €4,620 | €0 | -€4,620 | -100% |
| Taxes | 450/3 | €4,620 | €0 | -€4,620 | -100% |
| Other amounts payable | 47/48 | €2,287 | €117,455 | +€115,169 | +5,037% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115 | €3,821 | +€3,706 | +3,215% |
| Other operating charges | 640/8 | €387 | €1,075 | +€687 | +177% |
| Gross operating margin | 9900 | -€2,408 | -€8,574 | -€6,166 | -256% |
| Operating profit (loss) | 9901 | -€2,910 | -€13,469 | -€10,559 | -363% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €16 | €612 | +€596 | +3,846% |
| Recurring financial charges | 65 | €16 | €612 | +€596 | +3,846% |
| Profit (loss) for the period before taxes | 9903 | -€2,926 | -€14,078 | -€11,153 | -381% |
| Profit (loss) for the period | 9904 | -€2,926 | -€14,078 | -€11,153 | -381% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,926 | -€14,078 | -€11,153 | -381% |
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 16 October 2026 via checked.be.