VIN Groups: 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.
VIN Groups
Largest movements
- Intangible fixed assets +€116,210
new in 2025: €116,210
- Cash -€109,617
down €109,617 (-49.0%), from €223,653 to €114,035
mainly Investment in fixed assets (net) (-€136,730) and Contributions, distributions and other (-€87,500)
- Deferred charges and accrued income +€13,887
up €13,887 (+47.3%), from €29,365 to €43,252
- Tangible fixed assets -€12,859
down €12,859 (-60.1%), from €21,403 to €8,544
- Receivables within one year +€4,480
up €4,480 (+37.1%), from €12,070 to €16,549
of which Trade receivables: +€16,549
- Tax, wage and social debts +€13,683
up €13,683 (+377.9%), from €3,621 to €17,304
- Gross operating margin -€42,077
down €42,077 (-23.5%), from €179,335 to €137,258
- Depreciation +€20,521
up €20,521 (+159.6%), from €12,858 to €33,379
- Taxes -€19,168
down €19,168 (-58.2%), from €32,930 to €13,762
- Staff costs -€17,450
no longer reported in 2025 (was €17,450)
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 | €286,491 | €298,592 | +€12,101 | +4.2% |
| Fixed assets | 21/28 | €21,403 | €124,755 | +€103,351 | +482.9% |
| Intangible fixed assets | 21 | - | €116,210 | +€116,210 | |
| Tangible fixed assets | 22/27 | €21,403 | €8,544 | -€12,859 | -60.1% |
| Furniture and vehicles | 24 | €21,403 | €8,544 | -€12,859 | -60.1% |
| Current assets | 29/58 | €265,088 | €173,837 | -€91,251 | -34.4% |
| Amounts receivable within one year | 40/41 | €12,070 | €16,549 | +€4,480 | +37.1% |
| Trade receivables | 40 | - | €16,549 | +€16,549 | |
| Other amounts receivable | 41 | €12,070 | - | -€12,070 | |
| Cash at bank and in hand | 54/58 | €223,653 | €114,035 | -€109,617 | -49.0% |
| Deferred charges and accrued income | 490/1 | €29,365 | €43,252 | +€13,887 | +47.3% |
| Total equity and liabilities | 10/49 | €286,491 | €298,592 | +€12,101 | +4.2% |
| Equity | 10/15 | €280,434 | €281,287 | +€853 | +0.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €278,434 | €279,287 | +€853 | +0.3% |
| Distributable reserves | 133 | €278,434 | €279,287 | +€853 | +0.3% |
| Amounts payable | 17/49 | €6,056 | €17,304 | +€11,248 | +185.7% |
| Amounts payable within one year | 42/48 | €4,424 | €17,304 | +€12,881 | +291.2% |
| Trade debts | 44 | €803 | - | -€803 | |
| Suppliers | 440/4 | €803 | - | -€803 | |
| Taxes, remuneration and social security | 45 | €3,621 | €17,304 | +€13,683 | +377.9% |
| Taxes | 450/3 | €3,621 | €17,304 | +€13,683 | +377.9% |
| Accrued charges and deferred income | 492/3 | €1,633 | - | -€1,633 | |
| Remuneration, social security and pensions | 62 | €17,450 | - | -€17,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,858 | €33,379 | +€20,521 | +159.6% |
| Other operating charges | 640/8 | €140 | €1,445 | +€1,305 | +932.3% |
| Gross operating margin | 9900 | €179,335 | €137,258 | -€42,077 | -23.5% |
| Operating profit (loss) | 9901 | €148,887 | €102,434 | -€46,453 | -31.2% |
| Financial charges | 65/66B | €47 | €319 | +€272 | +572.4% |
| Recurring financial charges | 65 | €47 | €319 | +€272 | +572.4% |
| Profit (loss) for the period before taxes | 9903 | €148,840 | €102,115 | -€46,725 | -31.4% |
| Income taxes | 67/77 | €32,930 | €13,762 | -€19,168 | -58.2% |
| Profit (loss) for the period | 9904 | €115,909 | €88,353 | -€27,556 | -23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €115,909 | €88,353 | -€27,556 | -23.8% |
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 10 October 2026 via checked.be.