VINELEX: 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.
VINELEX
Largest movements
- Cash +€75,119
up €75,119 (+204%), from €36,907 to €112,026
mainly Net result for the year (+€107,899) and Tax, wage and social debts (+€50,038)
- Intangible fixed assets -€14,274
no longer reported in 2025 (was €14,274)
- Tangible fixed assets -€6,733
down €6,733 (-18.0%), from €37,456 to €30,722
of which Furniture and vehicles: -€4,518
- Receivables within one year +€3,533
up €3,533 (+37.1%), from €9,535 to €13,068
of which Other amounts receivable: +€2,968
- Tax, wage and social debts +€50,038
up €50,038 (+491%), from €10,186 to €60,224
- Accrued charges and deferred income +€43,857
up €43,857 (+91.1%), from €48,160 to €92,017
- Debts after one year -€40,992
no longer reported in 2025 (was €40,992)
- Trade debts +€4,537
up €4,537 (+598%), from €759 to €5,296
- Gross operating margin +€104,913
up €104,913 (+170%), from €61,841 to €166,754
- Taxes +€33,821
up €33,821 (+2,487%), from €1,360 to €35,181
- Depreciation -€27,887
down €27,887 (-55.2%), from €50,546 to €22,659
- Financial charges -€2,751
down €2,751 (-93.4%), from €2,945 to €195
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 | €100,097 | €157,537 | +€57,440 | +57.4% |
| Fixed assets | 21/28 | €51,729 | €30,722 | -€21,007 | -40.6% |
| Intangible fixed assets | 21 | €14,274 | - | -€14,274 | |
| Tangible fixed assets | 22/27 | €37,456 | €30,722 | -€6,733 | -18.0% |
| Furniture and vehicles | 24 | €24,420 | €19,902 | -€4,518 | -18.5% |
| Other tangible fixed assets | 26 | €13,036 | €10,820 | -€2,215 | -17.0% |
| Current assets | 29/58 | €48,368 | €126,815 | +€78,447 | +162% |
| Amounts receivable within one year | 40/41 | €9,535 | €13,068 | +€3,533 | +37.1% |
| Trade receivables | 40 | €8,447 | €9,012 | +€565 | +6.7% |
| Other amounts receivable | 41 | €1,088 | €4,057 | +€2,968 | +273% |
| Cash at bank and in hand | 54/58 | €36,907 | €112,026 | +€75,119 | +204% |
| Deferred charges and accrued income | 490/1 | €1,926 | €1,720 | -€206 | -10.7% |
| Total equity and liabilities | 10/49 | €100,097 | €157,537 | +€57,440 | +57.4% |
| Equity | 10/15 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €100,097 | €157,537 | +€57,440 | +57.4% |
| Amounts payable after more than one year | 17 | €40,992 | - | -€40,992 | |
| Other amounts payable | 178/9 | €40,992 | - | -€40,992 | |
| Amounts payable within one year | 42/48 | €10,945 | €65,520 | +€54,575 | +499% |
| Trade debts | 44 | €759 | €5,296 | +€4,537 | +598% |
| Suppliers | 440/4 | €759 | €5,296 | +€4,537 | +598% |
| Taxes, remuneration and social security | 45 | €10,186 | €60,224 | +€50,038 | +491% |
| Taxes | 450/3 | €10,186 | €60,224 | +€50,038 | +491% |
| Accrued charges and deferred income | 492/3 | €48,160 | €92,017 | +€43,857 | +91.1% |
| Non-recurring operating income | 76A | €4,764 | - | -€4,764 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,546 | €22,659 | -€27,887 | -55.2% |
| Other operating charges | 640/8 | €746 | €822 | +€76 | +10.1% |
| Gross operating margin | 9900 | €61,841 | €166,754 | +€104,913 | +170% |
| Operating profit (loss) | 9901 | €10,549 | €143,273 | +€132,724 | +1,258% |
| Financial income | 75/76B | €3 | €2 | -€1 | -24.5% |
| Recurring financial income | 75 | €3 | €2 | -€1 | -24.5% |
| Financial charges | 65/66B | €2,945 | €195 | -€2,751 | -93.4% |
| Recurring financial charges | 65 | €2,945 | €195 | -€2,751 | -93.4% |
| Profit (loss) for the period before taxes | 9903 | €7,607 | €143,081 | +€135,474 | +1,781% |
| Income taxes | 67/77 | €1,360 | €35,181 | +€33,821 | +2,487% |
| Profit (loss) for the period | 9904 | €6,246 | €107,899 | +€101,653 | +1,627% |
| Profit (loss) for the period to be appropriated | 9905 | €6,246 | €107,899 | +€101,653 | +1,627% |
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 24 October 2026 via checked.be.