VINELCO: 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.
VINELCO
Largest movements
- Current investments +€313,844
new in 2026: €313,844
- Cash +€37,708
up €37,708 (+26.2%), from €144,032 to €181,741
mainly Net result for the year (+€352,798) and Depreciation (+€14,019)
- Tangible fixed assets -€12,822
down €12,822 (-67.7%), from €18,933 to €6,111
- Reserves +€338,826
up €338,826 (+99.6%), from €340,065 to €678,891
- Other debts -€13,847
down €13,847 (-34.1%), from €40,599 to €26,751
- Financial income +€154,534
up €154,534 (+206%), from €75,000 to €229,534
- Taxes +€15,555
up €15,555 (+23.3%), from €66,635 to €82,190
- Gross operating margin +€5,191
up €5,191 (+2.4%), from €215,176 to €220,367
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €427,331 | €765,542 | +€338,211 | +79.1% |
| Fixed assets | 21/28 | €258,933 | €246,111 | -€12,822 | -5.0% |
| Tangible fixed assets | 22/27 | €18,933 | €6,111 | -€12,822 | -67.7% |
| Furniture and vehicles | 24 | €18,933 | €6,111 | -€12,822 | -67.7% |
| Financial fixed assets | 28 | €240,000 | €240,000 | = | 0.0% |
| Current assets | 29/58 | €168,398 | €519,431 | +€351,033 | +208% |
| Amounts receivable within one year | 40/41 | €21,780 | €21,780 | = | 0.0% |
| Trade receivables | 40 | €21,780 | €21,780 | = | 0.0% |
| Current investments | 50/53 | - | €313,844 | +€313,844 | |
| Cash at bank and in hand | 54/58 | €144,032 | €181,741 | +€37,708 | +26.2% |
| Deferred charges and accrued income | 490/1 | €2,586 | €2,067 | -€519 | -20.1% |
| Total equity and liabilities | 10/49 | €427,331 | €765,542 | +€338,211 | +79.1% |
| Equity | 10/15 | €352,465 | €697,441 | +€344,976 | +97.9% |
| Contributions | 10/11 | €12,400 | €18,550 | +€6,150 | +49.6% |
| Reserves | 13 | €340,065 | €678,891 | +€338,826 | +99.6% |
| Distributable reserves | 133 | €340,065 | €678,891 | +€338,826 | +99.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €74,866 | €68,101 | -€6,765 | -9.0% |
| Amounts payable within one year | 42/48 | €74,645 | €68,101 | -€6,544 | -8.8% |
| Trade debts | 44 | €1,465 | €1,908 | +€443 | +30.3% |
| Suppliers | 440/4 | €1,465 | €1,908 | +€443 | +30.3% |
| Taxes, remuneration and social security | 45 | €32,581 | €39,442 | +€6,860 | +21.1% |
| Taxes | 450/3 | €32,581 | €39,442 | +€6,860 | +21.1% |
| Other amounts payable | 47/48 | €40,599 | €26,751 | -€13,847 | -34.1% |
| Accrued charges and deferred income | 492/3 | €221 | €0 | -€221 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,804 | €14,019 | +€215 | +1.6% |
| Other operating charges | 640/8 | €703 | €651 | -€52 | -7.4% |
| Gross operating margin | 9900 | €215,176 | €220,367 | +€5,191 | +2.4% |
| Operating profit (loss) | 9901 | €200,669 | €205,697 | +€5,028 | +2.5% |
| Financial income | 75/76B | €75,000 | €229,534 | +€154,534 | +206% |
| Recurring financial income | 75 | €75,000 | €229,534 | +€154,534 | +206% |
| Financial charges | 65/66B | €224 | €243 | +€19 | +8.6% |
| Recurring financial charges | 65 | €224 | €243 | +€19 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €275,445 | €434,988 | +€159,542 | +57.9% |
| Income taxes | 67/77 | €66,635 | €82,190 | +€15,555 | +23.3% |
| Profit (loss) for the period | 9904 | €208,810 | €352,798 | +€143,988 | +69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €208,810 | €352,798 | +€143,988 | +69.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.