VINIG: 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.
VINIG
Largest movements
- Tangible fixed assets +€110,831
up €110,831 (+346.9%), from €31,946 to €142,777
of which Other tangible fixed assets: +€123,374
- Receivables within one year +€40,590
up €40,590 (+99.1%), from €40,963 to €81,553
of which Trade receivables: +€44,536
- Cash -€18,652
down €18,652 (-63.9%), from €29,191 to €10,540
mainly Investment in fixed assets (net) (-€121,019) and Receivables within one year (-€40,590)
- Financial fixed assets -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Deferred charges and accrued income +€2,557
up €2,557 (+297.7%), from €859 to €3,416
- Debts after one year +€88,912
up €88,912 (+698.7%), from €12,725 to €101,637
- Other debts -€36,539
down €36,539 (-57.8%), from €63,200 to €26,661
- Short-term financial debts +€29,540
up €29,540 (+461561.3%), from €6 to €29,546
of which Credit institutions: +€29,540
- Tax, wage and social debts +€22,343
up €22,343 (+689.6%), from €3,240 to €25,583
of which Taxes: +€22,343
- Trade debts +€18,303
up €18,303 (+104.8%), from €17,467 to €35,770
- Gross operating margin -€131,034
down €131,034 (-78.2%), from €167,579 to €36,544
- Write-downs +€7,500
new in 2025: €7,500
- Depreciation +€6,532
up €6,532 (+47.8%), from €13,657 to €20,188
- Financial charges +€5,065
up €5,065 (+327.7%), from €1,545 to €6,610
- Staff costs -€3,104
down €3,104 (-100.0%), from €3,104 to €0
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 | €112,959 | €238,286 | +€125,327 | +110.9% |
| Fixed assets | 21/28 | €41,946 | €142,777 | +€100,831 | +240.4% |
| Tangible fixed assets | 22/27 | €31,946 | €142,777 | +€110,831 | +346.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €31,946 | €19,403 | -€12,543 | -39.3% |
| Other tangible fixed assets | 26 | €0 | €123,374 | +€123,374 | |
| Financial fixed assets | 28 | €10,000 | €0 | -€10,000 | -100.0% |
| Current assets | 29/58 | €71,013 | €95,509 | +€24,496 | +34.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €40,963 | €81,553 | +€40,590 | +99.1% |
| Trade receivables | 40 | €37,017 | €81,553 | +€44,536 | +120.3% |
| Other amounts receivable | 41 | €3,946 | €0 | -€3,946 | -100.0% |
| Cash at bank and in hand | 54/58 | €29,191 | €10,540 | -€18,652 | -63.9% |
| Deferred charges and accrued income | 490/1 | €859 | €3,416 | +€2,557 | +297.7% |
| Total equity and liabilities | 10/49 | €112,959 | €238,286 | +€125,327 | +110.9% |
| Equity | 10/15 | €6,657 | €2,419 | -€4,238 | -63.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,800 | €1,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,343 | -€5,581 | -€4,238 | -315.6% |
| Amounts payable | 17/49 | €106,302 | €235,867 | +€129,565 | +121.9% |
| Amounts payable after more than one year | 17 | €12,725 | €101,637 | +€88,912 | +698.7% |
| Financial debts | 170/4 | €12,725 | €101,637 | +€88,912 | +698.7% |
| Amounts payable within one year | 42/48 | €92,744 | €129,643 | +€36,899 | +39.8% |
| Current portion of amounts payable after more than one year | 42 | €8,831 | €12,083 | +€3,252 | +36.8% |
| Financial debts | 43 | €6 | €29,546 | +€29,540 | +461561.3% |
| Credit institutions | 430/8 | €6 | €29,546 | +€29,540 | +461561.3% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €17,467 | €35,770 | +€18,303 | +104.8% |
| Suppliers | 440/4 | €17,467 | €35,770 | +€18,303 | +104.8% |
| Taxes, remuneration and social security | 45 | €3,240 | €25,583 | +€22,343 | +689.6% |
| Taxes | 450/3 | €3,240 | €25,583 | +€22,343 | +689.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €63,200 | €26,661 | -€36,539 | -57.8% |
| Accrued charges and deferred income | 492/3 | €833 | €4,586 | +€3,754 | +450.9% |
| Non-recurring operating income | 76A | €50,383 | €1,067 | -€49,315 | -97.9% |
| Remuneration, social security and pensions | 62 | €3,104 | €0 | -€3,104 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,657 | €20,188 | +€6,532 | +47.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,500 | +€7,500 | |
| Other operating charges | 640/8 | €1,786 | €2,172 | +€386 | +21.6% |
| Non-recurring operating charges | 66A | €44,463 | €3,609 | -€40,854 | -91.9% |
| Gross operating margin | 9900 | €167,579 | €36,544 | -€131,034 | -78.2% |
| Operating profit (loss) | 9901 | €104,569 | €3,075 | -€101,494 | -97.1% |
| Financial income | 75/76B | €1 | €9 | +€8 | +565.4% |
| Recurring financial income | 75 | €1 | €9 | +€8 | +565.4% |
| Financial charges | 65/66B | €1,545 | €6,610 | +€5,065 | +327.7% |
| Recurring financial charges | 65 | €1,545 | €6,610 | +€5,065 | +327.7% |
| Profit (loss) for the period before taxes | 9903 | €103,025 | -€3,526 | -€106,550 | |
| Income taxes | 67/77 | €878 | €712 | -€166 | -18.9% |
| Profit (loss) for the period | 9904 | €102,147 | -€4,238 | -€106,385 | |
| Profit (loss) for the period to be appropriated | 9905 | €102,147 | -€4,238 | -€106,385 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.