VINFISC: 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.
VINFISC
Largest movements
- Current investments +€35,000
up €35,000 (+700%), from €5,000 to €40,000
- Receivables within one year +€16,872
up €16,872 (+38.8%), from €43,430 to €60,301
of which Trade receivables: +€12,420
- Tangible fixed assets -€12,253
down €12,253 (-4.5%), from €270,664 to €258,411
of which Land and buildings: -€6,475
- Cash +€7,095
up €7,095 (+92.2%), from €7,693 to €14,788
mainly Net result for the year (+€99,141) and Other debts (+€46,026)
- Other debts +€46,026
up €46,026 (+89.0%), from €51,690 to €97,715
- Debts after one year -€17,825
down €17,825 (-7.5%), from €236,933 to €219,108
- Reserves +€14,141
up €14,141 (+444%), from €3,187 to €17,328
- Tax, wage and social debts +€9,433
up €9,433 (+124%), from €7,620 to €17,053
- Short-term financial debts -€5,546
down €5,546 (-52.3%), from €10,595 to €5,049
- Gross operating margin +€22,934
up €22,934 (+18.7%), from €122,951 to €145,886
- Taxes +€5,190
up €5,190 (+22.7%), from €22,880 to €28,070
- Financial income -€1,835
down €1,835 (-95.6%), from €1,919 to €84
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 | €327,522 | €374,326 | +€46,804 | +14.3% |
| Fixed assets | 21/28 | €270,664 | €258,411 | -€12,253 | -4.5% |
| Tangible fixed assets | 22/27 | €270,664 | €258,411 | -€12,253 | -4.5% |
| Land and buildings | 22 | €249,122 | €242,646 | -€6,475 | -2.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €21,543 | €15,765 | -€5,778 | -26.8% |
| Current assets | 29/58 | €56,858 | €115,915 | +€59,058 | +104% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €43,430 | €60,301 | +€16,872 | +38.8% |
| Trade receivables | 40 | €13,310 | €25,730 | +€12,420 | +93.3% |
| Other amounts receivable | 41 | €30,120 | €34,571 | +€4,452 | +14.8% |
| Current investments | 50/53 | €5,000 | €40,000 | +€35,000 | +700% |
| Cash at bank and in hand | 54/58 | €7,693 | €14,788 | +€7,095 | +92.2% |
| Deferred charges and accrued income | 490/1 | €735 | €826 | +€91 | +12.4% |
| Total equity and liabilities | 10/49 | €327,522 | €374,326 | +€46,804 | +14.3% |
| Equity | 10/15 | €3,287 | €17,428 | +€14,141 | +430% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €3,187 | €17,328 | +€14,141 | +444% |
| Distributable reserves | 133 | €3,187 | €17,328 | +€14,141 | +444% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €324,235 | €356,898 | +€32,663 | +10.1% |
| Amounts payable after more than one year | 17 | €236,933 | €219,108 | -€17,825 | -7.5% |
| Financial debts | 170/4 | €236,933 | €219,108 | -€17,825 | -7.5% |
| Amounts payable within one year | 42/48 | €87,301 | €137,789 | +€50,488 | +57.8% |
| Current portion of amounts payable after more than one year | 42 | €17,378 | €17,825 | +€447 | +2.6% |
| Financial debts | 43 | €10,595 | €5,049 | -€5,546 | -52.3% |
| Credit institutions | 430/8 | €10,595 | €5,049 | -€5,546 | -52.3% |
| Trade debts | 44 | €19 | €147 | +€128 | +675% |
| Suppliers | 440/4 | €19 | €147 | +€128 | +675% |
| Taxes, remuneration and social security | 45 | €7,620 | €17,053 | +€9,433 | +124% |
| Taxes | 450/3 | €7,620 | €17,053 | +€9,433 | +124% |
| Other amounts payable | 47/48 | €51,690 | €97,715 | +€46,026 | +89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,509 | €12,253 | -€256 | -2.0% |
| Other operating charges | 640/8 | €1,286 | €1,529 | +€243 | +18.9% |
| Gross operating margin | 9900 | €122,951 | €145,886 | +€22,934 | +18.7% |
| Operating profit (loss) | 9901 | €109,156 | €132,103 | +€22,947 | +21.0% |
| Financial income | 75/76B | €1,919 | €84 | -€1,835 | -95.6% |
| Recurring financial income | 75 | €1,919 | €84 | -€1,835 | -95.6% |
| Financial charges | 65/66B | €5,395 | €4,976 | -€419 | -7.8% |
| Recurring financial charges | 65 | €5,395 | €4,976 | -€419 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €105,680 | €127,211 | +€21,531 | +20.4% |
| Income taxes | 67/77 | €22,880 | €28,070 | +€5,190 | +22.7% |
| Profit (loss) for the period | 9904 | €82,800 | €99,141 | +€16,341 | +19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €82,800 | €99,141 | +€16,341 | +19.7% |
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 16 October 2026 via checked.be.