VINEYARD: 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.
VINEYARD
Largest movements
- Receivables within one year +€797,498
up €797,498 (+1093.7%), from €72,917 to €870,415
of which Trade receivables: +€793,627
- Stocks and contracts -€434,528
down €434,528 (-31.1%), from €1.4m to €961,589
- Tangible fixed assets -€35,410
down €35,410 (-5.7%), from €615,944 to €580,534
of which Land and buildings: -€21,958
- Tax, wage and social debts +€171,229
up €171,229 (+4566.2%), from €3,750 to €174,979
- Advances received +€131,862
up €131,862 (+50.0%), from €263,488 to €395,350
- Reserves +€53,618
up €53,618 (+2.9%), from €1.8m to €1.9m
of which Distributable reserves: +€53,618
- Financial charges -€21,621
down €21,621 (-94.6%), from €22,853 to €1,232
- Gross operating margin -€11,247
down €11,247 (-9.0%), from €124,891 to €113,644
- Financial income -€5,960
down €5,960 (-84.9%), from €7,023 to €1,063
- Depreciation +€1,341
up €1,341 (+3.9%), from €34,069 to €35,410
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 | €2,310,480 | €2,646,933 | +€336,453 | +14.6% |
| Fixed assets | 21/28 | €618,951 | €583,541 | -€35,410 | -5.7% |
| Tangible fixed assets | 22/27 | €615,944 | €580,534 | -€35,410 | -5.7% |
| Land and buildings | 22 | €582,190 | €560,232 | -€21,958 | -3.8% |
| Plant, machinery and equipment | 23 | €1,220 | €654 | -€566 | -46.4% |
| Furniture and vehicles | 24 | €32,534 | €19,648 | -€12,886 | -39.6% |
| Financial fixed assets | 28 | €3,007 | €3,007 | = | 0.0% |
| Current assets | 29/58 | €1,691,530 | €2,063,392 | +€371,863 | +22.0% |
| Stocks and contracts in progress | 3 | €1,396,117 | €961,589 | -€434,528 | -31.1% |
| Stocks | 30/36 | €1,396,117 | €961,589 | -€434,528 | -31.1% |
| Amounts receivable within one year | 40/41 | €72,917 | €870,415 | +€797,498 | +1093.7% |
| Trade receivables | 40 | - | €793,627 | +€793,627 | |
| Other amounts receivable | 41 | €72,917 | €76,789 | +€3,872 | +5.3% |
| Cash at bank and in hand | 54/58 | €219,278 | €228,059 | +€8,780 | +4.0% |
| Deferred charges and accrued income | 490/1 | €3,218 | €3,329 | +€112 | +3.5% |
| Total equity and liabilities | 10/49 | €2,310,480 | €2,646,933 | +€336,453 | +14.6% |
| Equity | 10/15 | €2,015,399 | €2,069,018 | +€53,618 | +2.7% |
| Contributions | 10/11 | €190,000 | €190,000 | = | 0.0% |
| Capital | 10 | €190,000 | €190,000 | = | 0.0% |
| Issued capital | 100 | €190,000 | €190,000 | = | 0.0% |
| Reserves | 13 | €1,825,399 | €1,879,018 | +€53,618 | +2.9% |
| Non-distributable reserves | 130/1 | €73,000 | €73,000 | = | 0.0% |
| Legal reserve | 130 | €73,000 | €73,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €638 | €638 | = | 0.0% |
| Distributable reserves | 133 | €1,751,761 | €1,805,379 | +€53,618 | +3.1% |
| Amounts payable | 17/49 | €295,081 | €577,915 | +€282,835 | +95.8% |
| Amounts payable within one year | 42/48 | €272,653 | €577,079 | +€304,425 | +111.7% |
| Trade debts | 44 | €3,007 | €30 | -€2,977 | -99.0% |
| Suppliers | 440/4 | €3,007 | €30 | -€2,977 | -99.0% |
| Advances received on contracts in progress | 46 | €263,488 | €395,350 | +€131,862 | +50.0% |
| Taxes, remuneration and social security | 45 | €3,750 | €174,979 | +€171,229 | +4566.2% |
| Taxes | 450/3 | €3,750 | €174,979 | +€171,229 | +4566.2% |
| Other amounts payable | 47/48 | €2,408 | €6,719 | +€4,311 | +179.0% |
| Accrued charges and deferred income | 492/3 | €22,427 | €837 | -€21,591 | -96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,069 | €35,410 | +€1,341 | +3.9% |
| Other operating charges | 640/8 | €6,787 | €7,234 | +€447 | +6.6% |
| Gross operating margin | 9900 | €124,891 | €113,644 | -€11,247 | -9.0% |
| Operating profit (loss) | 9901 | €84,035 | €71,000 | -€13,035 | -15.5% |
| Financial income | 75/76B | €7,023 | €1,063 | -€5,960 | -84.9% |
| Recurring financial income | 75 | €7,023 | €1,063 | -€5,960 | -84.9% |
| Financial charges | 65/66B | €22,853 | €1,232 | -€21,621 | -94.6% |
| Recurring financial charges | 65 | €22,853 | €1,232 | -€21,621 | -94.6% |
| Profit (loss) for the period before taxes | 9903 | €68,205 | €70,831 | +€2,626 | +3.9% |
| Income taxes | 67/77 | €17,318 | €17,213 | -€105 | -0.6% |
| Profit (loss) for the period | 9904 | €50,887 | €53,618 | +€2,731 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,887 | €53,618 | +€2,731 | +5.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.