VINEA: 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.
VINEA
Largest movements
- Cash -€15,911
down €15,911 (-13.8%), from €114,980 to €99,069
mainly Net result for the year (-€27,725)
- Profit (loss) carried forward -€27,725
down €27,725 (-24.6%), from -€112,730 to -€140,456
- Trade debts +€11,628
up €11,628 (+21.3%), from €54,572 to €66,200
- Gross operating margin -€36,351
down €36,351, from €9,307 to -€27,043
- Financial charges -€8,005
down €8,005 (-98.1%), from €8,159 to €154
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 | €116,842 | €100,745 | -€16,097 | -13.8% |
| Current assets | 29/58 | €116,842 | €100,745 | -€16,097 | -13.8% |
| Amounts receivable within one year | 40/41 | €1,861 | €1,676 | -€186 | -10.0% |
| Trade receivables | 40 | €60 | €60 | = | 0.0% |
| Other amounts receivable | 41 | €1,801 | €1,616 | -€186 | -10.3% |
| Cash at bank and in hand | 54/58 | €114,980 | €99,069 | -€15,911 | -13.8% |
| Total equity and liabilities | 10/49 | €116,842 | €100,745 | -€16,097 | -13.8% |
| Equity | 10/15 | €62,270 | €34,544 | -€27,725 | -44.5% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Uncalled capital | 101 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,730 | -€140,456 | -€27,725 | -24.6% |
| Amounts payable | 17/49 | €54,572 | €66,200 | +€11,628 | +21.3% |
| Amounts payable within one year | 42/48 | €54,572 | €66,200 | +€11,628 | +21.3% |
| Trade debts | 44 | €54,572 | €66,200 | +€11,628 | +21.3% |
| Suppliers | 440/4 | €54,572 | €66,200 | +€11,628 | +21.3% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €9,307 | -€27,043 | -€36,351 | |
| Operating profit (loss) | 9901 | €8,794 | -€27,571 | -€36,365 | |
| Financial charges | 65/66B | €8,159 | €154 | -€8,005 | -98.1% |
| Recurring financial charges | 65 | €8,159 | €154 | -€8,005 | -98.1% |
| Profit (loss) for the period before taxes | 9903 | €635 | -€27,725 | -€28,360 | |
| Profit (loss) for the period | 9904 | €635 | -€27,725 | -€28,360 | |
| Profit (loss) for the period to be appropriated | 9905 | €635 | -€27,725 | -€28,360 |
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 10 October 2026 via checked.be.