VINAN: 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.
VINAN
Largest movements
- Cash -€42,930
down €42,930 (-19.0%), from €225,801 to €182,870
mainly Other debts (-€43,538) and Contributions, distributions and other (-€12,734)
- Other debts -€43,538
down €43,538 (-54.4%), from €80,086 to €36,548
- Trade debts +€10,468
up €10,468 (+538%), from €1,945 to €12,414
- Reserves -€7,025
down €7,025 (-8.0%), from €87,714 to €80,689
of which Distributable reserves: -€7,025
- Gross operating margin -€80,913
down €80,913 (-27.0%), from €300,223 to €219,310
- Staff costs -€60,134
down €60,134 (-22.0%), from €273,802 to €213,668
- Taxes -€6,363
down €6,363 (-80.3%), from €7,922 to €1,559
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 | €253,609 | €211,711 | -€41,898 | -16.5% |
| Fixed assets | 21/28 | €1,075 | €861 | -€214 | -19.9% |
| Tangible fixed assets | 22/27 | €214 | €0 | -€214 | -100% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €214 | €0 | -€214 | -100% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €861 | €861 | = | 0.0% |
| Current assets | 29/58 | €252,534 | €210,850 | -€41,685 | -16.5% |
| Amounts receivable within one year | 40/41 | €26,285 | €27,350 | +€1,065 | +4.1% |
| Trade receivables | 40 | €22,339 | €17,063 | -€5,276 | -23.6% |
| Other amounts receivable | 41 | €3,946 | €10,287 | +€6,341 | +161% |
| Cash at bank and in hand | 54/58 | €225,801 | €182,870 | -€42,930 | -19.0% |
| Deferred charges and accrued income | 490/1 | €449 | €629 | +€180 | +40.2% |
| Total equity and liabilities | 10/49 | €253,609 | €211,711 | -€41,898 | -16.5% |
| Equity | 10/15 | €116,595 | €107,903 | -€8,691 | -7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,714 | €80,689 | -€7,025 | -8.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €85,854 | €78,829 | -€7,025 | -8.2% |
| Profit (loss) carried forward | 14 | €10,280 | €8,614 | -€1,666 | -16.2% |
| Amounts payable | 17/49 | €137,015 | €103,807 | -€33,207 | -24.2% |
| Amounts payable within one year | 42/48 | €137,015 | €103,807 | -€33,207 | -24.2% |
| Trade debts | 44 | €1,945 | €12,414 | +€10,468 | +538% |
| Suppliers | 440/4 | €1,945 | €12,414 | +€10,468 | +538% |
| Taxes, remuneration and social security | 45 | €54,983 | €54,845 | -€137 | -0.2% |
| Taxes | 450/3 | €10,812 | €16,514 | +€5,702 | +52.7% |
| Remuneration and social security | 454/9 | €44,171 | €38,332 | -€5,839 | -13.2% |
| Other amounts payable | 47/48 | €80,086 | €36,548 | -€43,538 | -54.4% |
| Remuneration, social security and pensions | 62 | €273,802 | €213,668 | -€60,134 | -22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,515 | €214 | -€1,302 | -85.9% |
| Other operating charges | 640/8 | €916 | €451 | -€465 | -50.7% |
| Gross operating margin | 9900 | €300,223 | €219,310 | -€80,913 | -27.0% |
| Operating profit (loss) | 9901 | €23,990 | €4,977 | -€19,013 | -79.3% |
| Financial income | 75/76B | €1,087 | €1,400 | +€313 | +28.8% |
| Recurring financial income | 75 | €1,087 | €1,400 | +€313 | +28.8% |
| Financial charges | 65/66B | €303 | €775 | +€472 | +156% |
| Recurring financial charges | 65 | €303 | €775 | +€472 | +156% |
| Profit (loss) for the period before taxes | 9903 | €24,774 | €5,602 | -€19,172 | -77.4% |
| Income taxes | 67/77 | €7,922 | €1,559 | -€6,363 | -80.3% |
| Profit (loss) for the period | 9904 | €16,852 | €4,043 | -€12,809 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,852 | €4,043 | -€12,809 | -76.0% |
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 19 October 2026 via checked.be.