VinEC: 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.
VinEC
Largest movements
- Receivables within one year +€25,253
up €25,253 (+104.0%), from €24,284 to €49,538
of which Trade receivables: +€25,411
- Cash -€18,069
down €18,069 (-42.7%), from €42,270 to €24,200
mainly Receivables within one year (-€25,253) and Current investments (-€7,150)
- Current investments +€7,150
up €7,150 (+275.0%), from €2,600 to €9,750
- Tangible fixed assets +€1,865
up €1,865 (+243.1%), from €767 to €2,632
- Reserves +€13,789
up €13,789 (+26.3%), from €52,415 to €66,204
- Trade debts +€4,755
up €4,755 (+317.6%), from €1,497 to €6,253
- Tax, wage and social debts -€2,192
down €2,192 (-13.6%), from €16,144 to €13,952
of which Taxes: -€2,225
- Gross operating margin -€11,182
down €11,182 (-37.2%), from €30,085 to €18,903
- Taxes -€1,560
down €1,560 (-29.1%), from €5,362 to €3,801
- Financial charges -€509
down €509 (-88.0%), from €578 to €69
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 | €71,057 | €87,408 | +€16,352 | +23.0% |
| Fixed assets | 21/28 | €767 | €2,632 | +€1,865 | +243.1% |
| Tangible fixed assets | 22/27 | €767 | €2,632 | +€1,865 | +243.1% |
| Furniture and vehicles | 24 | €767 | €2,632 | +€1,865 | +243.1% |
| Current assets | 29/58 | €70,290 | €84,777 | +€14,487 | +20.6% |
| Amounts receivable within one year | 40/41 | €24,284 | €49,538 | +€25,253 | +104.0% |
| Trade receivables | 40 | €24,127 | €49,538 | +€25,411 | +105.3% |
| Other amounts receivable | 41 | €158 | - | -€158 | |
| Current investments | 50/53 | €2,600 | €9,750 | +€7,150 | +275.0% |
| Cash at bank and in hand | 54/58 | €42,270 | €24,200 | -€18,069 | -42.7% |
| Deferred charges and accrued income | 490/1 | €1,136 | €1,289 | +€153 | +13.5% |
| Total equity and liabilities | 10/49 | €71,057 | €87,408 | +€16,352 | +23.0% |
| Equity | 10/15 | €53,415 | €67,204 | +€13,789 | +25.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €52,415 | €66,204 | +€13,789 | +26.3% |
| Distributable reserves | 133 | €52,415 | €66,204 | +€13,789 | +26.3% |
| Amounts payable | 17/49 | €17,641 | €20,205 | +€2,563 | +14.5% |
| Amounts payable within one year | 42/48 | €17,641 | €20,205 | +€2,563 | +14.5% |
| Trade debts | 44 | €1,497 | €6,253 | +€4,755 | +317.6% |
| Suppliers | 440/4 | €1,497 | €6,253 | +€4,755 | +317.6% |
| Taxes, remuneration and social security | 45 | €16,144 | €13,952 | -€2,192 | -13.6% |
| Taxes | 450/3 | €11,583 | €9,358 | -€2,225 | -19.2% |
| Remuneration and social security | 454/9 | €4,561 | €4,594 | +€33 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €446 | €484 | +€37 | +8.4% |
| Other operating charges | 640/8 | €697 | €765 | +€67 | +9.7% |
| Non-recurring operating charges | 66A | €2,459 | - | -€2,459 | |
| Gross operating margin | 9900 | €30,085 | €18,903 | -€11,182 | -37.2% |
| Operating profit (loss) | 9901 | €26,482 | €17,654 | -€8,828 | -33.3% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €578 | €69 | -€509 | -88.0% |
| Recurring financial charges | 65 | €578 | €69 | -€509 | -88.0% |
| Profit (loss) for the period before taxes | 9903 | €25,905 | €17,590 | -€8,315 | -32.1% |
| Income taxes | 67/77 | €5,362 | €3,801 | -€1,560 | -29.1% |
| Profit (loss) for the period | 9904 | €20,543 | €13,789 | -€6,754 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,543 | €13,789 | -€6,754 | -32.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.