VINCOR: 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.
VINCOR
Largest movements
- Cash +€37,191
up €37,191 (+71.1%), from €52,327 to €89,518
mainly Net result for the year (+€35,959) and Depreciation (+€11,500)
- Tangible fixed assets -€6,027
down €6,027 (-13.6%), from €44,176 to €38,148
of which Furniture and vehicles: -€6,692
- Reserves +€35,500
up €35,500 (+47.3%), from €75,000 to €110,500
- Tax, wage and social debts +€9,645
up €9,645 (+374.9%), from €2,572 to €12,217
of which Taxes: +€11,308
- Trade debts -€8,406
down €8,406 (-82.4%), from €10,207 to €1,801
- Debts after one year -€7,462
down €7,462 (-37.3%), from €19,991 to €12,529
- Gross operating margin +€24,652
up €24,652 (+95.8%), from €25,721 to €50,374
- Financial income +€18,463
up €18,463 (+565.6%), from €3,264 to €21,727
of which Non-recurring financial income: +€17,360
- Taxes +€15,348
up €15,348 (+258.9%), from €5,928 to €21,276
- Financial charges +€1,244
up €1,244 (+80.4%), from €1,547 to €2,792
- Depreciation +€957
up €957 (+9.1%), from €10,543 to €11,500
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 | €155,907 | €185,355 | +€29,448 | +18.9% |
| Fixed assets | 21/28 | €44,226 | €38,198 | -€6,027 | -13.6% |
| Tangible fixed assets | 22/27 | €44,176 | €38,148 | -€6,027 | -13.6% |
| Plant, machinery and equipment | 23 | €1,754 | €3,282 | +€1,528 | +87.1% |
| Furniture and vehicles | 24 | €35,854 | €29,162 | -€6,692 | -18.7% |
| Other tangible fixed assets | 26 | €6,568 | €5,705 | -€863 | -13.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €111,681 | €147,157 | +€35,476 | +31.8% |
| Stocks and contracts in progress | 3 | €37,095 | €35,341 | -€1,754 | -4.7% |
| Stocks | 30/36 | €37,095 | €35,341 | -€1,754 | -4.7% |
| Amounts receivable within one year | 40/41 | €18,274 | €18,856 | +€582 | +3.2% |
| Trade receivables | 40 | €5,689 | €794 | -€4,896 | -86.1% |
| Other amounts receivable | 41 | €12,585 | €18,062 | +€5,477 | +43.5% |
| Cash at bank and in hand | 54/58 | €52,327 | €89,518 | +€37,191 | +71.1% |
| Deferred charges and accrued income | 490/1 | €3,985 | €3,442 | -€543 | -13.6% |
| Total equity and liabilities | 10/49 | €155,907 | €185,355 | +€29,448 | +18.9% |
| Equity | 10/15 | €114,718 | €150,677 | +€35,959 | +31.3% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €75,000 | €110,500 | +€35,500 | +47.3% |
| Distributable reserves | 133 | €75,000 | €110,500 | +€35,500 | +47.3% |
| Profit (loss) carried forward | 14 | €25,458 | €25,917 | +€459 | +1.8% |
| Amounts payable | 17/49 | €41,189 | €34,679 | -€6,510 | -15.8% |
| Amounts payable after more than one year | 17 | €19,991 | €12,529 | -€7,462 | -37.3% |
| Financial debts | 170/4 | €19,991 | €12,529 | -€7,462 | -37.3% |
| Amounts payable within one year | 42/48 | €21,198 | €22,150 | +€952 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €7,131 | €7,462 | +€331 | +4.6% |
| Trade debts | 44 | €10,207 | €1,801 | -€8,406 | -82.4% |
| Suppliers | 440/4 | €10,207 | €1,801 | -€8,406 | -82.4% |
| Advances received on contracts in progress | 46 | €300 | - | -€300 | |
| Taxes, remuneration and social security | 45 | €2,572 | €12,217 | +€9,645 | +374.9% |
| Taxes | 450/3 | €909 | €12,217 | +€11,308 | +1243.7% |
| Remuneration and social security | 454/9 | €1,663 | - | -€1,663 | |
| Other amounts payable | 47/48 | €987 | €669 | -€318 | -32.2% |
| Non-recurring operating income | 76A | €115 | - | -€115 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,543 | €11,500 | +€957 | +9.1% |
| Other operating charges | 640/8 | €387 | €575 | +€187 | +48.4% |
| Gross operating margin | 9900 | €25,721 | €50,374 | +€24,652 | +95.8% |
| Operating profit (loss) | 9901 | €14,791 | €38,299 | +€23,508 | +158.9% |
| Financial income | 75/76B | €3,264 | €21,727 | +€18,463 | +565.6% |
| Recurring financial income | 75 | €64 | €1,167 | +€1,103 | +1714.7% |
| Non-recurring financial income | 76B | €3,200 | €20,560 | +€17,360 | +542.5% |
| Financial charges | 65/66B | €1,547 | €2,792 | +€1,244 | +80.4% |
| Recurring financial charges | 65 | €1,547 | €2,792 | +€1,244 | +80.4% |
| Profit (loss) for the period before taxes | 9903 | €16,508 | €57,235 | +€40,726 | +246.7% |
| Income taxes | 67/77 | €5,928 | €21,276 | +€15,348 | +258.9% |
| Profit (loss) for the period | 9904 | €10,580 | €35,959 | +€25,378 | +239.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,580 | €35,959 | +€25,378 | +239.9% |
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 1 October 2026 via checked.be.