VINADAN: 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.
VINADAN
Largest movements
- Cash +€20,370
up €20,370 (+774.6%), from €2,630 to €22,999
mainly Net result for the year (+€24,255) and Depreciation (+€2,063)
- Receivables within one year +€4,885
up €4,885 (+18.6%), from €26,310 to €31,195
of which Trade receivables: +€5,746
- Tangible fixed assets -€1,701
down €1,701 (-30.7%), from €5,543 to €3,842
of which Plant, machinery and equipment: -€1,452
- Profit (loss) carried forward +€24,255
up €24,255 (+82.6%), from €29,356 to €53,611
- Trade debts -€1,438
down €1,438 (-68.3%), from €2,106 to €668
- Taxes +€7,081
new in 2025: €7,081
- Gross operating margin +€1,302
up €1,302 (+4.0%), from €32,246 to €33,548
- Other operating charges -€1,088
down €1,088 (-47.8%), from €2,277 to €1,189
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 | €41,462 | €64,279 | +€22,817 | +55.0% |
| Formation expenses | 20 | €533 | €172 | -€361 | -67.8% |
| Fixed assets | 21/28 | €7,439 | €5,738 | -€1,701 | -22.9% |
| Tangible fixed assets | 22/27 | €5,543 | €3,842 | -€1,701 | -30.7% |
| Plant, machinery and equipment | 23 | €4,628 | €3,177 | -€1,452 | -31.4% |
| Furniture and vehicles | 24 | €915 | €665 | -€250 | -27.3% |
| Financial fixed assets | 28 | €1,896 | €1,896 | = | 0.0% |
| Current assets | 29/58 | €33,489 | €58,369 | +€24,880 | +74.3% |
| Stocks and contracts in progress | 3 | €4,550 | €4,175 | -€375 | -8.2% |
| Stocks | 30/36 | €4,550 | €4,175 | -€375 | -8.2% |
| Amounts receivable within one year | 40/41 | €26,310 | €31,195 | +€4,885 | +18.6% |
| Trade receivables | 40 | €5,009 | €10,755 | +€5,746 | +114.7% |
| Other amounts receivable | 41 | €21,300 | €20,440 | -€861 | -4.0% |
| Cash at bank and in hand | 54/58 | €2,630 | €22,999 | +€20,370 | +774.6% |
| Total equity and liabilities | 10/49 | €41,462 | €64,279 | +€22,817 | +55.0% |
| Equity | 10/15 | €39,356 | €63,611 | +€24,255 | +61.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,356 | €53,611 | +€24,255 | +82.6% |
| Amounts payable | 17/49 | €2,106 | €668 | -€1,438 | -68.3% |
| Amounts payable within one year | 42/48 | €2,106 | €668 | -€1,438 | -68.3% |
| Trade debts | 44 | €2,106 | €668 | -€1,438 | -68.3% |
| Suppliers | 440/4 | €2,106 | €668 | -€1,438 | -68.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,779 | €2,063 | +€284 | +16.0% |
| Other operating charges | 640/8 | €2,277 | €1,189 | -€1,088 | -47.8% |
| Gross operating margin | 9900 | €32,246 | €33,548 | +€1,302 | +4.0% |
| Operating profit (loss) | 9901 | €28,190 | €30,296 | +€2,106 | +7.5% |
| Financial income | 75/76B | €1,230 | €1,193 | -€37 | -3.0% |
| Recurring financial income | 75 | €1,230 | €1,193 | -€37 | -3.0% |
| Financial charges | 65/66B | €64 | €153 | +€89 | +139.1% |
| Recurring financial charges | 65 | €64 | €153 | +€89 | +139.1% |
| Profit (loss) for the period before taxes | 9903 | €29,356 | €31,336 | +€1,980 | +6.7% |
| Income taxes | 67/77 | - | €7,081 | +€7,081 | |
| Profit (loss) for the period | 9904 | €29,356 | €24,255 | -€5,101 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,356 | €24,255 | -€5,101 | -17.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.