VINALU: 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.
VINALU
Largest movements
- Cash +€43,665
up €43,665 (+124.4%), from €35,092 to €78,757
mainly Net result for the year (+€46,035) and Deferred charges and accrued income (+€17,086)
- Deferred charges and accrued income -€17,086
down €17,086 (-96.9%), from €17,638 to €552
- Tangible fixed assets +€8,547
up €8,547 (+113.8%), from €7,509 to €16,057
of which Furniture and vehicles: +€9,370
- Profit (loss) carried forward +€46,035
up €46,035 (+82.2%), from €56,011 to €102,046
- Tax, wage and social debts -€10,129
down €10,129 (-73.9%), from €13,701 to €3,572
- Gross operating margin -€11,572
down €11,572 (-15.4%), from €75,198 to €63,625
- Taxes -€2,364
down €2,364 (-15.9%), from €14,894 to €12,531
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 | €71,129 | €107,222 | +€36,093 | +50.7% |
| Fixed assets | 21/28 | €7,509 | €16,057 | +€8,547 | +113.8% |
| Tangible fixed assets | 22/27 | €7,509 | €16,057 | +€8,547 | +113.8% |
| Furniture and vehicles | 24 | - | €9,370 | +€9,370 | |
| Other tangible fixed assets | 26 | €7,509 | €6,687 | -€823 | -11.0% |
| Current assets | 29/58 | €63,620 | €91,165 | +€27,546 | +43.3% |
| Amounts receivable within one year | 40/41 | €10,890 | €11,856 | +€966 | +8.9% |
| Trade receivables | 40 | €10,890 | €11,856 | +€966 | +8.9% |
| Cash at bank and in hand | 54/58 | €35,092 | €78,757 | +€43,665 | +124.4% |
| Deferred charges and accrued income | 490/1 | €17,638 | €552 | -€17,086 | -96.9% |
| Total equity and liabilities | 10/49 | €71,129 | €107,222 | +€36,093 | +50.7% |
| Equity | 10/15 | €56,011 | €102,046 | +€46,035 | +82.2% |
| Profit (loss) carried forward | 14 | €56,011 | €102,046 | +€46,035 | +82.2% |
| Amounts payable | 17/49 | €15,118 | €5,176 | -€9,942 | -65.8% |
| Amounts payable within one year | 42/48 | €15,118 | €5,176 | -€9,942 | -65.8% |
| Trade debts | 44 | €1,418 | €1,355 | -€63 | -4.4% |
| Suppliers | 440/4 | €1,418 | €1,355 | -€63 | -4.4% |
| Taxes, remuneration and social security | 45 | €13,701 | €3,572 | -€10,129 | -73.9% |
| Taxes | 450/3 | €13,701 | €3,572 | -€10,129 | -73.9% |
| Other amounts payable | 47/48 | - | €250 | +€250 | |
| Remuneration, social security and pensions | 62 | €3,505 | €3,260 | -€245 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €717 | €1,453 | +€736 | +102.6% |
| Other operating charges | 640/8 | - | €306 | +€306 | |
| Gross operating margin | 9900 | €75,198 | €63,625 | -€11,572 | -15.4% |
| Operating profit (loss) | 9901 | €70,976 | €58,606 | -€12,370 | -17.4% |
| Financial charges | 65/66B | €71 | €40 | -€31 | -43.0% |
| Recurring financial charges | 65 | €71 | €40 | -€31 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €70,905 | €58,566 | -€12,339 | -17.4% |
| Income taxes | 67/77 | €14,894 | €12,531 | -€2,364 | -15.9% |
| Profit (loss) for the period | 9904 | €56,011 | €46,035 | -€9,975 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,011 | €46,035 | -€9,975 | -17.8% |
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.