VINAST: 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.
VINAST
Largest movements
- Current investments +€152,338
up €152,338 (+662.3%), from €23,000 to €175,338
- Cash +€14,265
up €14,265 (+186.8%), from €7,638 to €21,903
mainly Net result for the year (+€157,497) and Tax, wage and social debts (+€39,603)
- Tangible fixed assets -€6,671
down €6,671 (-21.9%), from €30,485 to €23,814
of which Furniture and vehicles: -€7,580
- Reserves +€84,200
new in 2025: €84,200
- Profit (loss) carried forward +€73,297
up €73,297 (+4696.1%), from €1,561 to €74,858
- Tax, wage and social debts +€39,603
up €39,603 (+2100.2%), from €1,886 to €41,488
- Other debts -€28,990
down €28,990 (-100.0%), from €29,000 to €10
- Debts after one year -€8,678
down €8,678 (-47.1%), from €18,419 to €9,741
- Gross operating margin +€160,065
up €160,065 (+311.5%), from €51,389 to €211,453
- Taxes +€35,316
up €35,316 (+404.0%), from €8,743 to €44,059
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 | €64,501 | €224,639 | +€160,138 | +248.3% |
| Fixed assets | 21/28 | €30,485 | €23,814 | -€6,671 | -21.9% |
| Tangible fixed assets | 22/27 | €30,485 | €23,814 | -€6,671 | -21.9% |
| Plant, machinery and equipment | 23 | - | €908 | +€908 | |
| Furniture and vehicles | 24 | €30,485 | €22,905 | -€7,580 | -24.9% |
| Current assets | 29/58 | €34,016 | €200,825 | +€166,809 | +490.4% |
| Amounts receivable within one year | 40/41 | €1,663 | €111 | -€1,552 | -93.4% |
| Other amounts receivable | 41 | €1,663 | €111 | -€1,552 | -93.4% |
| Current investments | 50/53 | €23,000 | €175,338 | +€152,338 | +662.3% |
| Cash at bank and in hand | 54/58 | €7,638 | €21,903 | +€14,265 | +186.8% |
| Deferred charges and accrued income | 490/1 | €1,715 | €3,474 | +€1,759 | +102.6% |
| Total equity and liabilities | 10/49 | €64,501 | €224,639 | +€160,138 | +248.3% |
| Equity | 10/15 | €4,561 | €162,058 | +€157,497 | +3453.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €84,200 | +€84,200 | |
| Tax-exempt reserves | 132 | - | €84,200 | +€84,200 | |
| Profit (loss) carried forward | 14 | €1,561 | €74,858 | +€73,297 | +4696.1% |
| Amounts payable | 17/49 | €59,940 | €62,581 | +€2,641 | +4.4% |
| Amounts payable after more than one year | 17 | €18,419 | €9,741 | -€8,678 | -47.1% |
| Financial debts | 170/4 | €18,419 | €9,741 | -€8,678 | -47.1% |
| Amounts payable within one year | 42/48 | €41,500 | €52,840 | +€11,340 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €8,388 | €8,678 | +€290 | +3.5% |
| Trade debts | 44 | €2,226 | €2,663 | +€437 | +19.6% |
| Suppliers | 440/4 | €2,226 | €2,663 | +€437 | +19.6% |
| Taxes, remuneration and social security | 45 | €1,886 | €41,488 | +€39,603 | +2100.2% |
| Taxes | 450/3 | €1,886 | €41,488 | +€39,603 | +2100.2% |
| Other amounts payable | 47/48 | €29,000 | €10 | -€28,990 | -100.0% |
| Accrued charges and deferred income | 492/3 | €20 | €0 | -€20 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,414 | €7,910 | +€496 | +6.7% |
| Other operating charges | 640/8 | €254 | €499 | +€244 | +96.0% |
| Gross operating margin | 9900 | €51,389 | €211,453 | +€160,065 | +311.5% |
| Operating profit (loss) | 9901 | €43,721 | €203,045 | +€159,324 | +364.4% |
| Financial income | 75/76B | €80 | €127 | +€47 | +58.5% |
| Recurring financial income | 75 | €80 | €127 | +€47 | +58.5% |
| Financial charges | 65/66B | €1,497 | €1,616 | +€118 | +7.9% |
| Recurring financial charges | 65 | €1,497 | €1,616 | +€118 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €42,303 | €201,556 | +€159,253 | +376.5% |
| Income taxes | 67/77 | €8,743 | €44,059 | +€35,316 | +404.0% |
| Profit (loss) for the period | 9904 | €33,561 | €157,497 | +€123,936 | +369.3% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,561 | €73,297 | +€39,736 | +118.4% |
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 2 October 2026 via checked.be.