Vincitore: 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.
Vincitore
Largest movements
- Receivables within one year -€10,831
down €10,831 (-7.9%), from €137,344 to €126,513
of which Other amounts receivable: -€10,831
- Tax, wage and social debts -€17,851
down €17,851 (-85.3%), from €20,932 to €3,081
- Other debts +€9,726
up €9,726 (+0.9%), from €1.1m to €1.1m
- Profit (loss) carried forward -€2,012
down €2,012 (-0.2%), from -€1.1m to -€1.1m
- Gross operating margin +€6,150
up €6,150, from -€6,150 to €0
- Other operating charges +€997
up €997 (+117.4%), from €849 to €1,846
- Financial charges +€166
up €166, from €0 to €166
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 | €137,376 | €126,514 | -€10,862 | -7.9% |
| Current assets | 29/58 | €137,376 | €126,514 | -€10,862 | -7.9% |
| Amounts receivable within one year | 40/41 | €137,344 | €126,513 | -€10,831 | -7.9% |
| Trade receivables | 40 | €120,493 | €120,493 | = | 0.0% |
| Other amounts receivable | 41 | €16,852 | €6,021 | -€10,831 | -64.3% |
| Cash at bank and in hand | 54/58 | €31 | €0 | -€31 | -99.5% |
| Total equity and liabilities | 10/49 | €137,376 | €126,514 | -€10,862 | -7.9% |
| Equity | 10/15 | -€1,105,919 | -€1,107,931 | -€2,012 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,145,129 | -€1,147,141 | -€2,012 | -0.2% |
| Amounts payable | 17/49 | €1,243,294 | €1,234,444 | -€8,850 | -0.7% |
| Amounts payable within one year | 42/48 | €1,243,294 | €1,234,444 | -€8,850 | -0.7% |
| Trade debts | 44 | €145,799 | €145,074 | -€725 | -0.5% |
| Suppliers | 440/4 | €145,799 | €145,074 | -€725 | -0.5% |
| Taxes, remuneration and social security | 45 | €20,932 | €3,081 | -€17,851 | -85.3% |
| Taxes | 450/3 | €20,932 | €3,081 | -€17,851 | -85.3% |
| Other amounts payable | 47/48 | €1,076,563 | €1,086,289 | +€9,726 | +0.9% |
| Other operating charges | 640/8 | €849 | €1,846 | +€997 | +117.4% |
| Gross operating margin | 9900 | -€6,150 | €0 | +€6,150 | |
| Operating profit (loss) | 9901 | -€6,999 | -€1,846 | +€5,153 | +73.6% |
| Financial charges | 65/66B | €0 | €166 | +€166 | |
| Recurring financial charges | 65 | €0 | €166 | +€166 | |
| Profit (loss) for the period before taxes | 9903 | -€6,999 | -€2,012 | +€4,987 | +71.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€6,999 | -€2,012 | +€4,987 | +71.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,999 | -€2,012 | +€4,987 | +71.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.