VINICURIEN: 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.
VINICURIEN
Largest movements
- Cash -€28,398
down €28,398 (-93.5%), from €30,369 to €1,970
mainly Other debts (-€19,104) and Debts after one year (-€17,181)
- Stocks and contracts -€10,615
down €10,615 (-59.1%), from €17,965 to €7,350
- Tangible fixed assets -€6,241
down €6,241 (-37.5%), from €16,648 to €10,406
of which Furniture and vehicles: -€3,438
- Receivables within one year +€2,638
up €2,638 (+50.3%), from €5,240 to €7,878
of which Trade receivables: +€2,057
- Deferred charges and accrued income -€1,940
down €1,940 (-71.1%), from €2,729 to €789
- Other debts -€19,104
down €19,104 (-35.9%), from €53,272 to €34,168
- Debts after one year -€17,181
down €17,181 (-76.0%), from €22,612 to €5,431
- Profit (loss) carried forward -€6,617
down €6,617 (-16.1%), from -€41,160 to -€47,776
- Trade debts -€5,446
down €5,446 (-40.6%), from €13,428 to €7,982
- Current portion of long-term debt +€3,791
up €3,791 (+28.7%), from €13,210 to €17,001
- Turnover -€108,989
down €108,989 (-48.4%), from €225,251 to €116,262
- Purchases and services -€103,428
down €103,428 (-48.0%), from €215,583 to €112,155
- Gross operating margin -€5,684
down €5,684 (-57.3%), from €9,915 to €4,231
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 | €76,363 | €31,806 | -€44,557 | -58.3% |
| Fixed assets | 21/28 | €20,060 | €13,819 | -€6,241 | -31.1% |
| Tangible fixed assets | 22/27 | €16,648 | €10,406 | -€6,241 | -37.5% |
| Plant, machinery and equipment | 23 | €4,897 | €3,056 | -€1,841 | -37.6% |
| Furniture and vehicles | 24 | €7,523 | €4,085 | -€3,438 | -45.7% |
| Other tangible fixed assets | 26 | €4,228 | €3,266 | -€962 | -22.8% |
| Financial fixed assets | 28 | €3,413 | €3,413 | = | 0.0% |
| Current assets | 29/58 | €56,302 | €17,987 | -€38,315 | -68.1% |
| Stocks and contracts in progress | 3 | €17,965 | €7,350 | -€10,615 | -59.1% |
| Stocks | 30/36 | €17,965 | €7,350 | -€10,615 | -59.1% |
| Amounts receivable within one year | 40/41 | €5,240 | €7,878 | +€2,638 | +50.3% |
| Trade receivables | 40 | €0 | €2,057 | +€2,057 | |
| Other amounts receivable | 41 | €5,240 | €5,821 | +€581 | +11.1% |
| Cash at bank and in hand | 54/58 | €30,369 | €1,970 | -€28,398 | -93.5% |
| Deferred charges and accrued income | 490/1 | €2,729 | €789 | -€1,940 | -71.1% |
| Total equity and liabilities | 10/49 | €76,363 | €31,806 | -€44,557 | -58.3% |
| Equity | 10/15 | -€26,160 | -€32,776 | -€6,617 | -25.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,160 | -€47,776 | -€6,617 | -16.1% |
| Amounts payable | 17/49 | €102,522 | €64,582 | -€37,940 | -37.0% |
| Amounts payable after more than one year | 17 | €22,612 | €5,431 | -€17,181 | -76.0% |
| Financial debts | 170/4 | €22,612 | €5,431 | -€17,181 | -76.0% |
| Amounts payable within one year | 42/48 | €79,910 | €59,151 | -€20,759 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €13,210 | €17,001 | +€3,791 | +28.7% |
| Trade debts | 44 | €13,428 | €7,982 | -€5,446 | -40.6% |
| Suppliers | 440/4 | €13,428 | €7,982 | -€5,446 | -40.6% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €53,272 | €34,168 | -€19,104 | -35.9% |
| Turnover | 70 | €225,251 | €116,262 | -€108,989 | -48.4% |
| Non-recurring operating income | 76A | - | €125 | +€125 | |
| Goods, raw materials, services and sundry goods | 60/61 | €215,583 | €112,155 | -€103,428 | -48.0% |
| Remuneration, social security and pensions | 62 | €217 | - | -€217 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,263 | €6,241 | -€22 | -0.3% |
| Other operating charges | 640/8 | €733 | €943 | +€210 | +28.6% |
| Gross operating margin | 9900 | €9,915 | €4,231 | -€5,684 | -57.3% |
| Operating profit (loss) | 9901 | €2,702 | -€2,953 | -€5,655 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,235 | €3,663 | -€1,572 | -30.0% |
| Recurring financial charges | 65 | €1,365 | €2,345 | +€980 | +71.8% |
| Non-recurring financial charges | 66B | €3,871 | €1,319 | -€2,552 | -65.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,533 | -€6,617 | -€4,084 | -161% |
| Profit (loss) for the period | 9904 | -€2,533 | -€6,617 | -€4,084 | -161% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,533 | -€6,617 | -€4,084 | -161% |
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 23 October 2026 via checked.be.