Vinic: 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.
Vinic
Largest movements
- Stocks and contracts +€961,797
up €961,797 (+151.9%), from €633,280 to €1.6m
- Receivables within one year +€26,457
up €26,457 (+23.5%), from €112,716 to €139,173
of which Other amounts receivable: +€14,507
- Current portion of long-term debt +€1.0m
up €1.0m (+29481.1%), from €3,536 to €1.0m
- Short-term financial debts -€679,037
down €679,037 (-73.0%), from €930,263 to €251,227
- Debts after one year +€595,256
new in 2024: €595,256
- Trade debts +€61,414
up €61,414 (+228.5%), from €26,872 to €88,287
- Profit (loss) carried forward -€36,431
new in 2024: -€36,431
- Gross operating margin -€64,506
down €64,506 (-86.0%), from €74,997 to €10,491
- Taxes +€21,037
up €21,037 (+14381.1%), from €146 to €21,183
- Staff costs -€16,110
no longer reported in 2024 (was €16,110)
- Depreciation -€1,630
down €1,630 (-25.4%), from €6,421 to €4,791
- Financial charges -€1,608
down €1,608 (-7.6%), from €21,251 to €19,643
of which Financial charges: -€4,964
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,228,052 | €2,212,006 | +€983,955 | +80.1% |
| Fixed assets | 21/28 | €17,267 | €32,070 | +€14,804 | +85.7% |
| Tangible fixed assets | 22/27 | €17,267 | €32,070 | +€14,804 | +85.7% |
| Land and buildings | 22 | €373 | - | -€373 | |
| Furniture and vehicles | 24 | €16,893 | €32,070 | +€15,177 | +89.8% |
| Current assets | 29/58 | €1,210,785 | €2,179,936 | +€969,151 | +80.0% |
| Stocks and contracts in progress | 3 | €633,280 | €1,595,077 | +€961,797 | +151.9% |
| Stocks | 30/36 | €633,280 | €1,595,077 | +€961,797 | +151.9% |
| Amounts receivable within one year | 40/41 | €112,716 | €139,173 | +€26,457 | +23.5% |
| Trade receivables | 40 | - | €11,950 | +€11,950 | |
| Other amounts receivable | 41 | €112,716 | €127,223 | +€14,507 | +12.9% |
| Current investments | 50/53 | €398,715 | €398,715 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €66,073 | €45,789 | -€20,284 | -30.7% |
| Deferred charges and accrued income | 490/1 | - | €1,181 | +€1,181 | |
| Total equity and liabilities | 10/49 | €1,228,052 | €2,212,006 | +€983,955 | +80.1% |
| Equity | 10/15 | €96,716 | €60,285 | -€36,431 | -37.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €90,516 | €90,516 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €88,656 | €88,656 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€36,431 | -€36,431 | |
| Amounts payable | 17/49 | €1,131,335 | €2,151,721 | +€1.0m | +90.2% |
| Amounts payable after more than one year | 17 | - | €595,256 | +€595,256 | |
| Financial debts | 170/4 | - | €595,256 | +€595,256 | |
| Amounts payable within one year | 42/48 | €1,131,335 | €1,556,465 | +€425,129 | +37.6% |
| Current portion of amounts payable after more than one year | 42 | €3,536 | €1,046,021 | +€1.0m | +29481.1% |
| Financial debts | 43 | €930,263 | €251,227 | -€679,037 | -73.0% |
| Credit institutions | 430/8 | €930,263 | €251,227 | -€679,037 | -73.0% |
| Trade debts | 44 | €26,872 | €88,287 | +€61,414 | +228.5% |
| Suppliers | 440/4 | €26,872 | €88,287 | +€61,414 | +228.5% |
| Taxes, remuneration and social security | 45 | €8,851 | €32,734 | +€23,883 | +269.8% |
| Taxes | 450/3 | €8,832 | €32,715 | +€23,883 | +270.4% |
| Remuneration and social security | 454/9 | €19 | €19 | = | 0.0% |
| Other amounts payable | 47/48 | €161,812 | €138,197 | -€23,615 | -14.6% |
| Remuneration, social security and pensions | 62 | €16,110 | - | -€16,110 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,421 | €4,791 | -€1,630 | -25.4% |
| Other operating charges | 640/8 | €2,484 | €1,306 | -€1,178 | -47.4% |
| Gross operating margin | 9900 | €74,997 | €10,491 | -€64,506 | -86.0% |
| Operating profit (loss) | 9901 | €49,982 | €4,394 | -€45,588 | -91.2% |
| Financial income | 75/76B | €1,299 | €0 | -€1,299 | -100.0% |
| Recurring financial income | 75 | €1,299 | €0 | -€1,299 | -100.0% |
| Financial charges | 65/66B | €21,251 | €19,643 | -€1,608 | -7.6% |
| Recurring financial charges | 65 | €21,251 | €16,287 | -€4,964 | -23.4% |
| Non-recurring financial charges | 66B | - | €3,355 | +€3,355 | |
| Profit (loss) for the period before taxes | 9903 | €30,031 | -€15,248 | -€45,279 | |
| Income taxes | 67/77 | €146 | €21,183 | +€21,037 | +14381.1% |
| Profit (loss) for the period | 9904 | €29,884 | -€36,431 | -€66,315 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,884 | -€36,431 | -€66,315 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.