Vignerons Nathan: 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.
Vignerons Nathan
Largest movements
- Tangible fixed assets -€12,809
down €12,809 (-15.9%), from €80,809 to €68,000
of which Furniture and vehicles: -€10,432
- Receivables within one year -€8,953
down €8,953 (-24.3%), from €36,913 to €27,960
of which Other amounts receivable: -€8,545
- Stocks and contracts +€8,752
up €8,752 (+24.3%), from €36,090 to €44,843
- Cash +€6,666
up €6,666 (+301.3%), from €2,212 to €8,879
mainly Depreciation (+€12,809) and Receivables within one year (+€8,953)
- Other debts -€9,409
down €9,409 (-7.8%), from €119,876 to €110,467
- Tax, wage and social debts +€7,486
up €7,486 (+5904.2%), from €127 to €7,613
- Profit (loss) carried forward -€7,339
down €7,339 (-17.0%), from -€43,120 to -€50,459
- Trade debts +€1,975
up €1,975 (+2.6%), from €76,556 to €78,531
- Gross operating margin +€19,554
up €19,554, from -€12,265 to €7,289
- Depreciation +€5,403
up €5,403 (+73.0%), from €7,406 to €12,809
- Other operating charges -€483
down €483 (-25.7%), from €1,878 to €1,394
- Taxes +€162
up €162 (+127.9%), from €127 to €289
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 | €156,025 | €149,681 | -€6,344 | -4.1% |
| Fixed assets | 21/28 | €80,809 | €68,000 | -€12,809 | -15.9% |
| Tangible fixed assets | 22/27 | €80,809 | €68,000 | -€12,809 | -15.9% |
| Land and buildings | 22 | €35,764 | €33,387 | -€2,377 | -6.6% |
| Furniture and vehicles | 24 | €45,045 | €34,613 | -€10,432 | -23.2% |
| Current assets | 29/58 | €75,216 | €81,681 | +€6,465 | +8.6% |
| Stocks and contracts in progress | 3 | €36,090 | €44,843 | +€8,752 | +24.3% |
| Stocks | 30/36 | €36,090 | €44,843 | +€8,752 | +24.3% |
| Amounts receivable within one year | 40/41 | €36,913 | €27,960 | -€8,953 | -24.3% |
| Trade receivables | 40 | €28,172 | €27,763 | -€409 | -1.5% |
| Other amounts receivable | 41 | €8,741 | €197 | -€8,545 | -97.8% |
| Cash at bank and in hand | 54/58 | €2,212 | €8,879 | +€6,666 | +301.3% |
| Total equity and liabilities | 10/49 | €156,025 | €149,681 | -€6,344 | -4.1% |
| Equity | 10/15 | -€41,620 | -€48,959 | -€7,339 | -17.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,120 | -€50,459 | -€7,339 | -17.0% |
| Amounts payable | 17/49 | €197,645 | €198,640 | +€995 | +0.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €197,645 | €198,640 | +€995 | +0.5% |
| Financial debts | 43 | €1,086 | €2,029 | +€943 | +86.9% |
| Credit institutions | 430/8 | €1,086 | €2,029 | +€943 | +86.9% |
| Trade debts | 44 | €76,556 | €78,531 | +€1,975 | +2.6% |
| Suppliers | 440/4 | €76,556 | €78,531 | +€1,975 | +2.6% |
| Taxes, remuneration and social security | 45 | €127 | €7,613 | +€7,486 | +5904.2% |
| Taxes | 450/3 | €127 | €7,613 | +€7,486 | +5904.2% |
| Other amounts payable | 47/48 | €119,876 | €110,467 | -€9,409 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,406 | €12,809 | +€5,403 | +73.0% |
| Other operating charges | 640/8 | €1,878 | €1,394 | -€483 | -25.7% |
| Gross operating margin | 9900 | -€12,265 | €7,289 | +€19,554 | |
| Operating profit (loss) | 9901 | -€21,548 | -€6,915 | +€14,633 | +67.9% |
| Financial income | 75/76B | €166 | €78 | -€88 | -53.1% |
| Recurring financial income | 75 | €166 | €78 | -€88 | -53.1% |
| Financial charges | 65/66B | €125 | €213 | +€88 | +70.1% |
| Recurring financial charges | 65 | €125 | €213 | +€88 | +70.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,507 | -€7,050 | +€14,457 | +67.2% |
| Income taxes | 67/77 | €127 | €289 | +€162 | +127.9% |
| Profit (loss) for the period | 9904 | -€21,634 | -€7,339 | +€14,295 | +66.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,634 | -€7,339 | +€14,295 | +66.1% |
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 6 October 2026 via checked.be.