ViNeS: 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.
ViNeS
Largest movements
- Cash +€15,258
up €15,258 (+54.6%), from €27,967 to €43,226
mainly Receivables within one year (+€9,584) and Depreciation (+€6,868)
- Receivables within one year -€9,584
down €9,584 (-43.5%), from €22,035 to €12,451
of which Trade receivables: -€7,993
- Tangible fixed assets -€6,868
down €6,868 (-34.9%), from €19,683 to €12,814
of which Leasing and similar rights: -€5,015
- Deferred charges and accrued income +€3,470
up €3,470 (+830%), from €418 to €3,888
- Stocks and contracts -€1,043
down €1,043 (-12.3%), from €8,479 to €7,436
- Reserves +€4,126
up €4,126 (+59.1%), from €6,978 to €11,104
- Trade debts -€3,971
down €3,971 (-36.8%), from €10,793 to €6,822
- Tax, wage and social debts +€1,530
up €1,530 (+45.1%), from €3,392 to €4,922
of which Taxes: +€1,530
- Gross operating margin +€4,317
up €4,317 (+32.7%), from €13,215 to €17,531
- Depreciation +€2,330
up €2,330 (+51.4%), from €4,538 to €6,868
- Taxes +€1,591
up €1,591 (+199%), from €798 to €2,389
- Financial charges +€1,007
up €1,007 (+46.7%), from €2,156 to €3,163
- Other operating charges +€368
up €368 (+59.0%), from €624 to €992
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 | €78,986 | €80,218 | +€1,232 | +1.6% |
| Fixed assets | 21/28 | €20,086 | €13,217 | -€6,868 | -34.2% |
| Tangible fixed assets | 22/27 | €19,683 | €12,814 | -€6,868 | -34.9% |
| Plant, machinery and equipment | 23 | €1,294 | €1,111 | -€183 | -14.2% |
| Furniture and vehicles | 24 | €6,256 | €4,586 | -€1,670 | -26.7% |
| Leasing and similar rights | 25 | €12,132 | €7,117 | -€5,015 | -41.3% |
| Financial fixed assets | 28 | €403 | €403 | = | 0.0% |
| Current assets | 29/58 | €58,901 | €67,001 | +€8,100 | +13.8% |
| Stocks and contracts in progress | 3 | €8,479 | €7,436 | -€1,043 | -12.3% |
| Stocks | 30/36 | €8,479 | €7,436 | -€1,043 | -12.3% |
| Amounts receivable within one year | 40/41 | €22,035 | €12,451 | -€9,584 | -43.5% |
| Trade receivables | 40 | €18,833 | €10,840 | -€7,993 | -42.4% |
| Other amounts receivable | 41 | €3,202 | €1,611 | -€1,591 | -49.7% |
| Cash at bank and in hand | 54/58 | €27,967 | €43,226 | +€15,258 | +54.6% |
| Deferred charges and accrued income | 490/1 | €418 | €3,888 | +€3,470 | +830% |
| Total equity and liabilities | 10/49 | €78,986 | €80,218 | +€1,232 | +1.6% |
| Equity | 10/15 | €25,578 | €29,704 | +€4,126 | +16.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,978 | €11,104 | +€4,126 | +59.1% |
| Distributable reserves | 133 | €6,978 | €11,104 | +€4,126 | +59.1% |
| Amounts payable | 17/49 | €53,408 | €50,515 | -€2,894 | -5.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €53,408 | €50,515 | -€2,894 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €2,066 | €1,841 | -€224 | -10.9% |
| Credit institutions | 430/8 | €2,066 | €1,841 | -€224 | -10.9% |
| Trade debts | 44 | €10,793 | €6,822 | -€3,971 | -36.8% |
| Suppliers | 440/4 | €10,793 | €6,822 | -€3,971 | -36.8% |
| Taxes, remuneration and social security | 45 | €3,392 | €4,922 | +€1,530 | +45.1% |
| Taxes | 450/3 | €1,792 | €3,322 | +€1,530 | +85.4% |
| Remuneration and social security | 454/9 | €1,600 | €1,600 | = | 0.0% |
| Other amounts payable | 47/48 | €37,158 | €36,930 | -€228 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,538 | €6,868 | +€2,330 | +51.4% |
| Other operating charges | 640/8 | €624 | €992 | +€368 | +59.0% |
| Non-recurring operating charges | 66A | €7,445 | €0 | -€7,445 | -100% |
| Gross operating margin | 9900 | €13,215 | €17,531 | +€4,317 | +32.7% |
| Operating profit (loss) | 9901 | €607 | €9,671 | +€9,063 | +1,492% |
| Financial income | 75/76B | €118 | €6 | -€113 | -95.2% |
| Recurring financial income | 75 | €118 | €6 | -€113 | -95.2% |
| Financial charges | 65/66B | €2,156 | €3,163 | +€1,007 | +46.7% |
| Recurring financial charges | 65 | €2,156 | €3,163 | +€1,007 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,430 | €6,514 | +€7,944 | |
| Income taxes | 67/77 | €798 | €2,389 | +€1,591 | +199% |
| Profit (loss) for the period | 9904 | -€2,228 | €4,126 | +€6,353 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,228 | €4,126 | +€6,353 |
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 21 October 2026 via checked.be.