VinCo: 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.
VinCo
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+76.7%), from €1.5m to €2.6m
of which Land and buildings: +€1.2m
- Receivables within one year -€77,500
down €77,500 (-74.7%), from €103,700 to €26,200
of which Trade receivables: -€77,780
- Cash -€46,958
down €46,958 (-26.3%), from €178,552 to €131,593
mainly Investment in fixed assets (net) (-€1.2m) and Deferred charges and accrued income (-€11,534)
- Other debts +€921,919
up €921,919 (+159.8%), from €576,806 to €1.5m
- Reserves +€67,245
up €67,245 (+10.8%), from €619,838 to €687,083
of which Distributable reserves: +€67,245
- Gross operating margin -€142,853
down €142,853 (-52.1%), from €274,343 to €131,490
- Financial charges -€39,482
down €39,482 (-99.1%), from €39,840 to €357
- Depreciation +€21,677
up €21,677 (+71.7%), from €30,229 to €51,905
- Financial income +€20,041
up €20,041 (+22431.8%), from €89 to €20,130
- Taxes -€19,701
down €19,701 (-39.7%), from €49,640 to €29,939
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 | €1,773,205 | €2,801,221 | +€1.0m | +58.0% |
| Fixed assets | 21/28 | €1,488,659 | €2,629,599 | +€1.1m | +76.6% |
| Tangible fixed assets | 22/27 | €1,486,629 | €2,627,569 | +€1.1m | +76.7% |
| Land and buildings | 22 | €1,405,432 | €2,567,047 | +€1.2m | +82.7% |
| Plant, machinery and equipment | 23 | - | €2,686 | +€2,686 | |
| Furniture and vehicles | 24 | €81,196 | €57,837 | -€23,360 | -28.8% |
| Financial fixed assets | 28 | €2,030 | €2,030 | = | 0.0% |
| Current assets | 29/58 | €284,546 | €171,621 | -€112,925 | -39.7% |
| Amounts receivable within one year | 40/41 | €103,700 | €26,200 | -€77,500 | -74.7% |
| Trade receivables | 40 | €103,468 | €25,688 | -€77,780 | -75.2% |
| Other amounts receivable | 41 | €233 | €513 | +€280 | +120.4% |
| Cash at bank and in hand | 54/58 | €178,552 | €131,593 | -€46,958 | -26.3% |
| Deferred charges and accrued income | 490/1 | €2,294 | €13,828 | +€11,534 | +502.8% |
| Total equity and liabilities | 10/49 | €1,773,205 | €2,801,221 | +€1.0m | +58.0% |
| Equity | 10/15 | €1,149,276 | €1,216,521 | +€67,245 | +5.9% |
| Contributions | 10/11 | €370,460 | €370,460 | = | 0.0% |
| Reserves | 13 | €619,838 | €687,083 | +€67,245 | +10.8% |
| Tax-exempt reserves | 132 | €2,838 | €2,838 | = | 0.0% |
| Distributable reserves | 133 | €617,000 | €684,245 | +€67,245 | +10.9% |
| Profit (loss) carried forward | 14 | €158,978 | €158,978 | = | 0.0% |
| Amounts payable | 17/49 | €623,929 | €1,584,699 | +€960,771 | +154.0% |
| Amounts payable within one year | 42/48 | €623,929 | €1,584,699 | +€960,771 | +154.0% |
| Financial debts | 43 | €40 | €78 | +€38 | +94.2% |
| Credit institutions | 430/8 | €40 | €78 | +€38 | +94.2% |
| Trade debts | 44 | €3,327 | €25,189 | +€21,862 | +657.1% |
| Suppliers | 440/4 | €3,327 | €25,189 | +€21,862 | +657.1% |
| Taxes, remuneration and social security | 45 | €43,756 | €60,708 | +€16,952 | +38.7% |
| Taxes | 450/3 | €43,756 | €60,708 | +€16,952 | +38.7% |
| Other amounts payable | 47/48 | €576,806 | €1,498,725 | +€921,919 | +159.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,229 | €51,905 | +€21,677 | +71.7% |
| Other operating charges | 640/8 | €543 | €2,174 | +€1,631 | +300.2% |
| Gross operating margin | 9900 | €274,343 | €131,490 | -€142,853 | -52.1% |
| Operating profit (loss) | 9901 | €243,572 | €77,411 | -€166,160 | -68.2% |
| Financial income | 75/76B | €89 | €20,130 | +€20,041 | +22431.8% |
| Recurring financial income | 75 | €89 | €20,130 | +€20,041 | +22431.8% |
| Financial charges | 65/66B | €39,840 | €357 | -€39,482 | -99.1% |
| Recurring financial charges | 65 | €39,840 | €357 | -€39,482 | -99.1% |
| Profit (loss) for the period before taxes | 9903 | €203,821 | €97,184 | -€106,637 | -52.3% |
| Income taxes | 67/77 | €49,640 | €29,939 | -€19,701 | -39.7% |
| Profit (loss) for the period | 9904 | €154,182 | €67,245 | -€86,936 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €154,182 | €67,245 | -€86,936 | -56.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.