VINIGO: 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.
VINIGO
Largest movements
- Cash +€43,535
up €43,535 (+94.3%), from €46,161 to €89,696
mainly Depreciation (+€44,959) and Receivables within one year (+€34,554)
- Receivables within one year -€34,554
down €34,554 (-59.3%), from €58,241 to €23,687
of which Trade receivables: -€33,099
- Tangible fixed assets -€11,896
down €11,896 (-6.9%), from €171,982 to €160,085
of which Plant, machinery and equipment: -€13,237
- Intangible fixed assets +€3,629
new in 2025: €3,629
- Tax, wage and social debts +€23,300
up €23,300 (+253.5%), from €9,191 to €32,491
of which Taxes: +€16,701
- Profit (loss) carried forward -€19,990
new in 2025: -€19,990
- Trade debts -€5,829
down €5,829 (-51.4%), from €11,331 to €5,502
- Current portion of long-term debt +€5,187
up €5,187 (+36.9%), from €14,054 to €19,241
- Staff costs +€34,994
up €34,994 (+43.2%), from €81,052 to €116,045
- Depreciation +€14,962
up €14,962 (+49.9%), from €29,996 to €44,959
- Taxes -€9,573
down €9,573 (-98.6%), from €9,705 to €132
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 | €277,002 | €278,594 | +€1,592 | +0.6% |
| Fixed assets | 21/28 | €171,982 | €163,714 | -€8,268 | -4.8% |
| Intangible fixed assets | 21 | - | €3,629 | +€3,629 | |
| Tangible fixed assets | 22/27 | €171,982 | €160,085 | -€11,896 | -6.9% |
| Plant, machinery and equipment | 23 | €90,708 | €77,471 | -€13,237 | -14.6% |
| Furniture and vehicles | 24 | €81,274 | €82,615 | +€1,341 | +1.6% |
| Current assets | 29/58 | €105,020 | €114,880 | +€9,859 | +9.4% |
| Amounts receivable within one year | 40/41 | €58,241 | €23,687 | -€34,554 | -59.3% |
| Trade receivables | 40 | €46,038 | €12,939 | -€33,099 | -71.9% |
| Other amounts receivable | 41 | €12,203 | €10,748 | -€1,455 | -11.9% |
| Cash at bank and in hand | 54/58 | €46,161 | €89,696 | +€43,535 | +94.3% |
| Deferred charges and accrued income | 490/1 | €618 | €1,496 | +€878 | +142.0% |
| Total equity and liabilities | 10/49 | €277,002 | €278,594 | +€1,592 | +0.6% |
| Equity | 10/15 | €81,147 | €61,157 | -€19,990 | -24.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €56,147 | €56,147 | = | 0.0% |
| Distributable reserves | 133 | €56,147 | €56,147 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€19,990 | -€19,990 | |
| Amounts payable | 17/49 | €195,855 | €217,437 | +€21,582 | +11.0% |
| Amounts payable after more than one year | 17 | €38,251 | €38,010 | -€241 | -0.6% |
| Financial debts | 170/4 | €38,251 | €38,010 | -€241 | -0.6% |
| Amounts payable within one year | 42/48 | €157,603 | €179,221 | +€21,618 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €14,054 | €19,241 | +€5,187 | +36.9% |
| Financial debts | 43 | €3,405 | €3,384 | -€21 | -0.6% |
| Credit institutions | 430/8 | €3,405 | €3,384 | -€21 | -0.6% |
| Trade debts | 44 | €11,331 | €5,502 | -€5,829 | -51.4% |
| Suppliers | 440/4 | €11,331 | €5,502 | -€5,829 | -51.4% |
| Taxes, remuneration and social security | 45 | €9,191 | €32,491 | +€23,300 | +253.5% |
| Taxes | 450/3 | €465 | €17,166 | +€16,701 | +3594.3% |
| Remuneration and social security | 454/9 | €8,727 | €15,326 | +€6,599 | +75.6% |
| Other amounts payable | 47/48 | €119,623 | €118,603 | -€1,020 | -0.9% |
| Accrued charges and deferred income | 492/3 | - | €205 | +€205 | |
| Remuneration, social security and pensions | 62 | €81,052 | €116,045 | +€34,994 | +43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,996 | €44,959 | +€14,962 | +49.9% |
| Other operating charges | 640/8 | €1,489 | €1,649 | +€160 | +10.8% |
| Gross operating margin | 9900 | €145,353 | €146,086 | +€733 | +0.5% |
| Operating profit (loss) | 9901 | €32,816 | -€16,567 | -€49,382 | |
| Financial income | 75/76B | €132 | €18 | -€113 | -86.1% |
| Recurring financial income | 75 | €132 | €18 | -€113 | -86.1% |
| Financial charges | 65/66B | €4,040 | €3,310 | -€730 | -18.1% |
| Recurring financial charges | 65 | €4,040 | €3,310 | -€730 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €28,907 | -€19,858 | -€48,765 | |
| Income taxes | 67/77 | €9,705 | €132 | -€9,573 | -98.6% |
| Profit (loss) for the period | 9904 | €19,202 | -€19,990 | -€39,192 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,202 | -€19,990 | -€39,192 |
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 4 October 2026 via checked.be.