VINIFA: 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.
What changed
VINIFA
NACE 46.170, Agents in the wholesale of food, beverages and tobacco
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€14,978
2024 · €27,761-€12,783
Equity
€112,313
2024 · €112,335-€22
Cash
€13,422
2024 · €14,401-€979
Balance sheet total
€224,989
2024 · €233,475-€8,486
Largest movements
Assets
- Tangible fixed assets -€10,423
down €10,423 (-8.8%), from €118,884 to €108,462
of which Land and buildings: -€13,915
- Receivables within one year +€2,395
up €2,395 (+8.0%), from €29,893 to €32,288
of which Trade receivables: +€1,832
Equity and liabilities
- Debts after one year -€11,796
down €11,796 (-14.9%), from €79,201 to €67,405
- Other debts +€3,899
up €3,899 (+19.9%), from €19,613 to €23,512
Income statement
- Gross operating margin -€14,507
down €14,507 (-22.9%), from €63,328 to €48,822
- Taxes -€1,124
down €1,124 (-9.8%), from €11,461 to €10,337
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.
Result 2024
€27,761
Gross operating margin
-€14,507
Depreciation
+€220
Other operating charges
+€379
Financial income
-€2
Financial charges
+€1
Taxes
+€1,124
Result 2025
€14,978
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.
From operations
+€33,463
Investment
-€8,350
Financing
-€26,092
Cash 2024
€14,401
From operations (derived)
+€33,463
Net result for the year
+€14,978
Depreciation
+€18,773
Stocks and contracts
+€1,615
Receivables within one year
-€2,395
Deferred charges and accrued income
-€2,135
Trade debts
-€976
Tax, wage and social debts
-€295
Other debts
+€3,899
Investment (derived)
-€8,350
Investment in fixed assets (net)
-€8,350
Financing
-€26,092
Debts after one year
-€11,796
Current portion of long-term debt
+€256
Short-term financial debts
+€447
Contributions, distributions and other
-€15,000
Cash 2025
€13,422
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €233,475 | €224,989 | -€8,486 | -3.6% |
| Fixed assets | 21/28 | €119,479 | €109,057 | -€10,423 | -8.7% |
| Tangible fixed assets | 22/27 | €118,884 | €108,462 | -€10,423 | -8.8% |
| Land and buildings | 22 | €112,552 | €98,637 | -€13,915 | -12.4% |
| Plant, machinery and equipment | 23 | €2,792 | €9,166 | +€6,374 | +228.3% |
| Furniture and vehicles | 24 | €3,541 | €659 | -€2,882 | -81.4% |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €113,996 | €115,933 | +€1,936 | +1.7% |
| Stocks and contracts in progress | 3 | €68,797 | €67,183 | -€1,615 | -2.3% |
| Stocks | 30/36 | €68,797 | €67,183 | -€1,615 | -2.3% |
| Amounts receivable within one year | 40/41 | €29,893 | €32,288 | +€2,395 | +8.0% |
| Trade receivables | 40 | €28,812 | €30,644 | +€1,832 | +6.4% |
| Other amounts receivable | 41 | €1,081 | €1,644 | +€563 | +52.1% |
| Cash at bank and in hand | 54/58 | €14,401 | €13,422 | -€979 | -6.8% |
| Deferred charges and accrued income | 490/1 | €905 | €3,040 | +€2,135 | +235.9% |
| Total equity and liabilities | 10/49 | €233,475 | €224,989 | -€8,486 | -3.6% |
| Equity | 10/15 | €112,335 | €112,313 | -€22 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,735 | €93,713 | -€22 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €91,875 | €93,713 | +€1,838 | +2.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €121,140 | €112,676 | -€8,464 | -7.0% |
| Amounts payable after more than one year | 17 | €79,201 | €67,405 | -€11,796 | -14.9% |
| Financial debts | 170/4 | €79,201 | €67,405 | -€11,796 | -14.9% |
| Amounts payable within one year | 42/48 | €41,940 | €45,271 | +€3,331 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €11,539 | €11,796 | +€256 | +2.2% |
| Financial debts | 43 | €40 | €487 | +€447 | +1123.0% |
| Other loans | 439 | €40 | €487 | +€447 | +1123.0% |
| Trade debts | 44 | €1,229 | €253 | -€976 | -79.4% |
| Suppliers | 440/4 | €1,229 | €253 | -€976 | -79.4% |
| Taxes, remuneration and social security | 45 | €9,519 | €9,224 | -€295 | -3.1% |
| Taxes | 450/3 | €9,519 | €9,224 | -€295 | -3.1% |
| Other amounts payable | 47/48 | €19,613 | €23,512 | +€3,899 | +19.9% |
| Non-recurring operating income | 76A | - | €459 | +€459 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,993 | €18,773 | -€220 | -1.2% |
| Other operating charges | 640/8 | €2,270 | €1,890 | -€379 | -16.7% |
| Gross operating margin | 9900 | €63,328 | €48,822 | -€14,507 | -22.9% |
| Operating profit (loss) | 9901 | €42,065 | €28,158 | -€13,907 | -33.1% |
| Financial income | 75/76B | €77 | €75 | -€2 | -2.7% |
| Recurring financial income | 75 | €77 | €75 | -€2 | -2.7% |
| Financial charges | 65/66B | €2,920 | €2,919 | -€1 | -0.1% |
| Recurring financial charges | 65 | €2,920 | €2,919 | -€1 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €39,222 | €25,314 | -€13,908 | -35.5% |
| Income taxes | 67/77 | €11,461 | €10,337 | -€1,124 | -9.8% |
| Profit (loss) for the period | 9904 | €27,761 | €14,978 | -€12,783 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,761 | €14,978 | -€12,783 | -46.0% |
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 7 October 2026 via checked.be.