VINGRE: what changed
Two fiscal 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.
VINGRE
Largest movements
- Cash -€118,243
down €118,243 (-90.7%), from €130,326 to €12,083
mainly Debts after one year (-€391,716) and Receivables within one year (-€1,185)
- Debts after one year -€391,716
down €391,716 (-30.1%), from €1.3m to €908,798
- Short-term financial debts +€125,000
new in 2025: €125,000
- Reserves +€120,000
up €120,000 (+59.8%), from €200,609 to €320,609
of which Distributable reserves: +€120,000
- Financial income +€123,500
up €123,500 (+1900.0%), from €6,500 to €130,000
- Financial charges +€2,813
up €2,813 (+17.6%), from €15,965 to €18,778
- Other operating charges +€1,649
up €1,649 (+36.2%), from €4,559 to €6,208
- Taxes -€1,204
down €1,204 (-60.2%), from €2,000 to €796
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 | €1,617,344 | €1,484,309 | -€133,035 | -8.2% |
| Fixed assets | 21/28 | €1,482,377 | €1,466,349 | -€16,028 | -1.1% |
| Tangible fixed assets | 22/27 | €182,377 | €166,349 | -€16,028 | -8.8% |
| Land and buildings | 22 | €182,377 | €166,349 | -€16,028 | -8.8% |
| Financial fixed assets | 28 | €1,300,000 | €1,300,000 | = | 0.0% |
| Current assets | 29/58 | €134,967 | €17,960 | -€117,007 | -86.7% |
| Amounts receivable within one year | 40/41 | €3,932 | €5,117 | +€1,185 | +30.1% |
| Other amounts receivable | 41 | €3,932 | €5,117 | +€1,185 | +30.1% |
| Cash at bank and in hand | 54/58 | €130,326 | €12,083 | -€118,243 | -90.7% |
| Deferred charges and accrued income | 490/1 | €709 | €760 | +€51 | +7.2% |
| Total equity and liabilities | 10/49 | €1,617,344 | €1,484,309 | -€133,035 | -8.2% |
| Equity | 10/15 | €219,128 | €351,516 | +€132,388 | +60.4% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €200,609 | €320,609 | +€120,000 | +59.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €180,000 | €300,000 | +€120,000 | +66.7% |
| Profit (loss) carried forward | 14 | €6,124 | €18,512 | +€12,388 | +202.3% |
| Amounts payable | 17/49 | €1,398,216 | €1,132,793 | -€265,423 | -19.0% |
| Amounts payable after more than one year | 17 | €1,300,514 | €908,798 | -€391,716 | -30.1% |
| Financial debts | 170/4 | €1,300,514 | €908,798 | -€391,716 | -30.1% |
| Amounts payable within one year | 42/48 | €88,986 | €215,217 | +€126,231 | +141.9% |
| Current portion of amounts payable after more than one year | 42 | €88,986 | €90,217 | +€1,231 | +1.4% |
| Financial debts | 43 | - | €125,000 | +€125,000 | |
| Credit institutions | 430/8 | - | €125,000 | +€125,000 | |
| Accrued charges and deferred income | 492/3 | €8,716 | €8,778 | +€62 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,028 | €16,028 | = | 0.0% |
| Other operating charges | 640/8 | €4,559 | €6,208 | +€1,649 | +36.2% |
| Gross operating margin | 9900 | €44,332 | €44,198 | -€134 | -0.3% |
| Operating profit (loss) | 9901 | €23,745 | €21,962 | -€1,783 | -7.5% |
| Financial income | 75/76B | €6,500 | €130,000 | +€123,500 | +1900.0% |
| Recurring financial income | 75 | €6,500 | €130,000 | +€123,500 | +1900.0% |
| Financial charges | 65/66B | €15,965 | €18,778 | +€2,813 | +17.6% |
| Recurring financial charges | 65 | €15,965 | €18,778 | +€2,813 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | €14,280 | €133,184 | +€118,904 | +832.7% |
| Income taxes | 67/77 | €2,000 | €796 | -€1,204 | -60.2% |
| Profit (loss) for the period | 9904 | €12,280 | €132,388 | +€120,108 | +978.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,280 | €132,388 | +€120,108 | +978.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.