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
- Tangible fixed assets +€258,291
up €258,291 (+79.3%), from €325,768 to €584,059
of which Land and buildings: +€234,525
- Cash -€125,666
down €125,666 (-82.6%), from €152,101 to €26,436
mainly Investment in fixed assets (net) (-€284,557) and Tax, wage and social debts (-€79,268)
- Debts after one year +€187,582
new in 2025: €187,582
- Tax, wage and social debts -€79,268
down €79,268 (-99.9%), from €79,319 to €51
- Other debts +€51,245
up €51,245 (+24.1%), from €212,980 to €264,225
- Reserves -€37,310
down €37,310 (-14.1%), from €264,070 to €226,760
- Gross operating margin -€303,188
down €303,188, from €297,432 to -€5,756
- Taxes -€79,155
down €79,155, from €78,342 to -€813
- Financial charges -€14,989
down €14,989 (-93.6%), from €16,008 to €1,019
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 | €578,386 | €710,494 | +€132,108 | +22.8% |
| Fixed assets | 21/28 | €325,768 | €584,059 | +€258,291 | +79.3% |
| Tangible fixed assets | 22/27 | €325,768 | €584,059 | +€258,291 | +79.3% |
| Land and buildings | 22 | €273,975 | €508,500 | +€234,525 | +85.6% |
| Plant, machinery and equipment | 23 | €11,743 | €20,486 | +€8,743 | +74.5% |
| Furniture and vehicles | 24 | €40,050 | €55,073 | +€15,023 | +37.5% |
| Current assets | 29/58 | €252,618 | €126,436 | -€126,183 | -49.9% |
| Amounts receivable within one year | 40/41 | €517 | €0 | -€517 | -100.0% |
| Trade receivables | 40 | €517 | €0 | -€517 | -100.0% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €152,101 | €26,436 | -€125,666 | -82.6% |
| Total equity and liabilities | 10/49 | €578,386 | €710,494 | +€132,108 | +22.8% |
| Equity | 10/15 | €282,670 | €245,360 | -€37,310 | -13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €264,070 | €226,760 | -€37,310 | -14.1% |
| Distributable reserves | 133 | €264,070 | €226,760 | -€37,310 | -14.1% |
| Amounts payable | 17/49 | €295,716 | €465,134 | +€169,419 | +57.3% |
| Amounts payable after more than one year | 17 | - | €187,582 | +€187,582 | |
| Financial debts | 170/4 | - | €187,582 | +€187,582 | |
| Amounts payable within one year | 42/48 | €295,716 | €277,552 | -€18,163 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | - | €4,418 | +€4,418 | |
| Trade debts | 44 | €3,416 | €8,858 | +€5,442 | +159.3% |
| Suppliers | 440/4 | €3,416 | €8,858 | +€5,442 | +159.3% |
| Taxes, remuneration and social security | 45 | €79,319 | €51 | -€79,268 | -99.9% |
| Taxes | 450/3 | €79,319 | €51 | -€79,268 | -99.9% |
| Other amounts payable | 47/48 | €212,980 | €264,225 | +€51,245 | +24.1% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,378 | €26,266 | +€2,888 | +12.4% |
| Other operating charges | 640/8 | €6,269 | €5,478 | -€791 | -12.6% |
| Gross operating margin | 9900 | €297,432 | -€5,756 | -€303,188 | |
| Operating profit (loss) | 9901 | €267,784 | -€37,501 | -€305,285 | |
| Financial income | 75/76B | €20 | €396 | +€376 | +1894.7% |
| Recurring financial income | 75 | €20 | €396 | +€376 | +1894.7% |
| Financial charges | 65/66B | €16,008 | €1,019 | -€14,989 | -93.6% |
| Recurring financial charges | 65 | €16,008 | €1,019 | -€14,989 | -93.6% |
| Profit (loss) for the period before taxes | 9903 | €251,796 | -€38,123 | -€289,919 | |
| Income taxes | 67/77 | €78,342 | -€813 | -€79,155 | |
| Profit (loss) for the period | 9904 | €173,454 | -€37,310 | -€210,765 | |
| Profit (loss) for the period to be appropriated | 9905 | €173,454 | -€37,310 | -€210,765 |
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 9 October 2026 via checked.be.