Vinicunca: 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.
Vinicunca
Largest movements
- Cash -€52,380
down €52,380 (-50.6%), from €103,517 to €51,137
mainly Contributions, distributions and other (-€55,000) and Current investments (-€47,923)
- Current investments +€47,923
new in 2025: €47,923
- Receivables within one year +€14,996
up €14,996 (+80.0%), from €18,755 to €33,751
of which Trade receivables: +€11,850
- Tangible fixed assets +€5,333
up €5,333 (+26.2%), from €20,325 to €25,658
- Other debts +€14,025
up €14,025 (+34.0%), from €41,226 to €55,251
- Current portion of long-term debt +€10,173
up €10,173 (+276.3%), from €3,682 to €13,855
- Tax, wage and social debts -€8,366
down €8,366 (-49.2%), from €16,990 to €8,624
- Debts after one year -€3,870
down €3,870 (-37.2%), from €10,406 to €6,536
- Profit (loss) carried forward +€3,230
up €3,230 (+4.7%), from €68,015 to €71,245
- Gross operating margin +€5,355
up €5,355 (+6.7%), from €80,232 to €85,587
- Depreciation +€2,946
up €2,946 (+61.5%), from €4,792 to €7,738
- Taxes +€1,483
up €1,483 (+9.1%), from €16,208 to €17,691
- Financial income +€945
new in 2025: €945
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 | €143,934 | €159,477 | +€15,543 | +10.8% |
| Fixed assets | 21/28 | €20,325 | €25,658 | +€5,333 | +26.2% |
| Tangible fixed assets | 22/27 | €20,325 | €25,658 | +€5,333 | +26.2% |
| Furniture and vehicles | 24 | €20,325 | €25,658 | +€5,333 | +26.2% |
| Current assets | 29/58 | €123,609 | €133,819 | +€10,210 | +8.3% |
| Amounts receivable within one year | 40/41 | €18,755 | €33,751 | +€14,996 | +80.0% |
| Trade receivables | 40 | €15,835 | €27,685 | +€11,850 | +74.8% |
| Other amounts receivable | 41 | €2,920 | €6,066 | +€3,146 | +107.7% |
| Current investments | 50/53 | - | €47,923 | +€47,923 | |
| Cash at bank and in hand | 54/58 | €103,517 | €51,137 | -€52,380 | -50.6% |
| Deferred charges and accrued income | 490/1 | €1,337 | €1,008 | -€329 | -24.6% |
| Total equity and liabilities | 10/49 | €143,934 | €159,477 | +€15,543 | +10.8% |
| Equity | 10/15 | €71,015 | €74,245 | +€3,230 | +4.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,015 | €71,245 | +€3,230 | +4.7% |
| Amounts payable | 17/49 | €72,919 | €85,232 | +€12,313 | +16.9% |
| Amounts payable after more than one year | 17 | €10,406 | €6,536 | -€3,870 | -37.2% |
| Financial debts | 170/4 | €10,406 | €6,536 | -€3,870 | -37.2% |
| Amounts payable within one year | 42/48 | €62,513 | €78,696 | +€16,183 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €3,682 | €13,855 | +€10,173 | +276.3% |
| Trade debts | 44 | €615 | €966 | +€351 | +57.1% |
| Suppliers | 440/4 | €615 | €966 | +€351 | +57.1% |
| Taxes, remuneration and social security | 45 | €16,990 | €8,624 | -€8,366 | -49.2% |
| Taxes | 450/3 | €16,990 | €8,624 | -€8,366 | -49.2% |
| Other amounts payable | 47/48 | €41,226 | €55,251 | +€14,025 | +34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,792 | €7,738 | +€2,946 | +61.5% |
| Other operating charges | 640/8 | €929 | €1,063 | +€134 | +14.4% |
| Gross operating margin | 9900 | €80,232 | €85,587 | +€5,355 | +6.7% |
| Operating profit (loss) | 9901 | €74,511 | €76,786 | +€2,275 | +3.1% |
| Financial income | 75/76B | - | €945 | +€945 | |
| Recurring financial income | 75 | - | €945 | +€945 | |
| Financial charges | 65/66B | €1,216 | €1,810 | +€594 | +48.8% |
| Recurring financial charges | 65 | €1,216 | €1,810 | +€594 | +48.8% |
| Profit (loss) for the period before taxes | 9903 | €73,295 | €75,921 | +€2,626 | +3.6% |
| Income taxes | 67/77 | €16,208 | €17,691 | +€1,483 | +9.1% |
| Profit (loss) for the period | 9904 | €57,087 | €58,230 | +€1,143 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,087 | €58,230 | +€1,143 | +2.0% |
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 30 September 2026 via checked.be.