VINDEV: 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.
VINDEV
Largest movements
- Cash +€61,953
up €61,953 (+67.4%), from €91,895 to €153,848
mainly Net result for the year (+€85,978) and Tax, wage and social debts (+€15,965)
- Current investments +€42,926
up €42,926 (+144%), from €29,720 to €72,646
- Reserves +€85,978
up €85,978 (+90.0%), from €95,525 to €181,502
- Tax, wage and social debts +€15,965
up €15,965 (+46.8%), from €34,143 to €50,109
- Other debts +€2,608
up €2,608 (+192%), from €1,360 to €3,968
- Gross operating margin +€16,831
up €16,831 (+17.7%), from €94,830 to €111,661
- Taxes +€4,018
up €4,018 (+20.9%), from €19,183 to €23,201
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 | €134,696 | €239,494 | +€104,798 | +77.8% |
| Current assets | 29/58 | €134,696 | €239,494 | +€104,798 | +77.8% |
| Amounts receivable within one year | 40/41 | €12,747 | €12,100 | -€647 | -5.1% |
| Trade receivables | 40 | €12,747 | €12,100 | -€647 | -5.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €29,720 | €72,646 | +€42,926 | +144% |
| Cash at bank and in hand | 54/58 | €91,895 | €153,848 | +€61,953 | +67.4% |
| Deferred charges and accrued income | 490/1 | €334 | €900 | +€566 | +170% |
| Total equity and liabilities | 10/49 | €134,696 | €239,494 | +€104,798 | +77.8% |
| Equity | 10/15 | €98,525 | €184,502 | +€85,978 | +87.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €95,525 | €181,502 | +€85,978 | +90.0% |
| Distributable reserves | 133 | €95,525 | €181,502 | +€85,978 | +90.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,172 | €54,992 | +€18,820 | +52.0% |
| Amounts payable within one year | 42/48 | €36,172 | €54,992 | +€18,820 | +52.0% |
| Trade debts | 44 | €668 | €915 | +€247 | +36.9% |
| Suppliers | 440/4 | €668 | €915 | +€247 | +36.9% |
| Taxes, remuneration and social security | 45 | €34,143 | €50,109 | +€15,965 | +46.8% |
| Taxes | 450/3 | €34,143 | €50,109 | +€15,965 | +46.8% |
| Other amounts payable | 47/48 | €1,360 | €3,968 | +€2,608 | +192% |
| Other operating charges | 640/8 | €947 | €1,371 | +€423 | +44.7% |
| Gross operating margin | 9900 | €94,830 | €111,661 | +€16,831 | +17.7% |
| Operating profit (loss) | 9901 | €93,883 | €110,290 | +€16,407 | +17.5% |
| Financial income | 75/76B | €164 | €245 | +€81 | +49.3% |
| Recurring financial income | 75 | €164 | €245 | +€81 | +49.3% |
| Financial charges | 65/66B | €799 | €1,356 | +€558 | +69.8% |
| Recurring financial charges | 65 | €799 | €1,356 | +€558 | +69.8% |
| Profit (loss) for the period before taxes | 9903 | €93,248 | €109,179 | +€15,931 | +17.1% |
| Income taxes | 67/77 | €19,183 | €23,201 | +€4,018 | +20.9% |
| Profit (loss) for the period | 9904 | €74,065 | €85,978 | +€11,913 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €74,065 | €85,978 | +€11,913 | +16.1% |
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 16 October 2026 via checked.be.