VINEO: 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.
VINEO
Largest movements
- Current investments +€50,000
up €50,000 (+166.7%), from €30,000 to €80,000
- Cash -€20,847
down €20,847 (-43.1%), from €48,400 to €27,553
mainly Current investments (-€50,000) and Other debts (-€40,246)
- Intangible fixed assets -€15,000
down €15,000 (-11.1%), from €134,753 to €119,753
- Tangible fixed assets -€4,757
down €4,757 (-34.6%), from €13,760 to €9,004
- Stocks and contracts -€3,364
down €3,364 (-7.1%), from €47,681 to €44,318
- Other debts -€40,246
down €40,246 (-19.3%), from €208,057 to €167,811
- Reserves +€35,000
up €35,000 (+59.3%), from €59,000 to €94,000
- Tax, wage and social debts +€9,161
up €9,161 (+24.6%), from €37,253 to €46,414
- Profit (loss) carried forward +€3,388
up €3,388 (+318.9%), from €1,062 to €4,450
- Gross operating margin -€29,311
down €29,311 (-27.2%), from €107,774 to €78,463
- Taxes -€8,421
down €8,421 (-33.3%), from €25,311 to €16,891
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 | €317,088 | €324,418 | +€7,330 | +2.3% |
| Fixed assets | 21/28 | €149,014 | €129,257 | -€19,757 | -13.3% |
| Intangible fixed assets | 21 | €134,753 | €119,753 | -€15,000 | -11.1% |
| Tangible fixed assets | 22/27 | €13,760 | €9,004 | -€4,757 | -34.6% |
| Furniture and vehicles | 24 | €13,760 | €9,004 | -€4,757 | -34.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €168,074 | €195,161 | +€27,087 | +16.1% |
| Stocks and contracts in progress | 3 | €47,681 | €44,318 | -€3,364 | -7.1% |
| Stocks | 30/36 | €47,681 | €44,318 | -€3,364 | -7.1% |
| Amounts receivable within one year | 40/41 | €22,749 | €25,387 | +€2,639 | +11.6% |
| Trade receivables | 40 | €22,422 | €25,047 | +€2,624 | +11.7% |
| Other amounts receivable | 41 | €327 | €341 | +€14 | +4.4% |
| Current investments | 50/53 | €30,000 | €80,000 | +€50,000 | +166.7% |
| Cash at bank and in hand | 54/58 | €48,400 | €27,553 | -€20,847 | -43.1% |
| Deferred charges and accrued income | 490/1 | €19,244 | €17,903 | -€1,341 | -7.0% |
| Total equity and liabilities | 10/49 | €317,088 | €324,418 | +€7,330 | +2.3% |
| Equity | 10/15 | €70,062 | €108,450 | +€38,388 | +54.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €59,000 | €94,000 | +€35,000 | +59.3% |
| Distributable reserves | 133 | €59,000 | €94,000 | +€35,000 | +59.3% |
| Profit (loss) carried forward | 14 | €1,062 | €4,450 | +€3,388 | +318.9% |
| Amounts payable | 17/49 | €247,026 | €215,968 | -€31,058 | -12.6% |
| Amounts payable within one year | 42/48 | €247,026 | €215,968 | -€31,058 | -12.6% |
| Trade debts | 44 | €1,716 | €1,743 | +€27 | +1.6% |
| Suppliers | 440/4 | €1,716 | €1,743 | +€27 | +1.6% |
| Taxes, remuneration and social security | 45 | €37,253 | €46,414 | +€9,161 | +24.6% |
| Taxes | 450/3 | €37,253 | €46,414 | +€9,161 | +24.6% |
| Other amounts payable | 47/48 | €208,057 | €167,811 | -€40,246 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,489 | €21,999 | +€510 | +2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €637 | +€637 | |
| Other operating charges | 640/8 | €925 | €1,050 | +€125 | +13.5% |
| Gross operating margin | 9900 | €107,774 | €78,463 | -€29,311 | -27.2% |
| Operating profit (loss) | 9901 | €85,361 | €54,777 | -€30,584 | -35.8% |
| Financial income | 75/76B | €170 | €661 | +€491 | +289.0% |
| Recurring financial income | 75 | €170 | €661 | +€491 | +289.0% |
| Financial charges | 65/66B | €157 | €159 | +€3 | +1.7% |
| Recurring financial charges | 65 | €157 | €159 | +€3 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €85,374 | €55,278 | -€30,095 | -35.3% |
| Income taxes | 67/77 | €25,311 | €16,891 | -€8,421 | -33.3% |
| Profit (loss) for the period | 9904 | €60,062 | €38,388 | -€21,675 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,062 | €38,388 | -€21,675 | -36.1% |
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.