VINIP: 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.
VINIP
Largest movements
- Cash +€36,184
up €36,184 (+67.6%), from €53,504 to €89,688
mainly Net result for the year (+€51,352) and Tax, wage and social debts (+€2,718)
- Tangible fixed assets +€11,325
up €11,325 (+245.9%), from €4,605 to €15,930
- Reserves +€51,352
up €51,352 (+64.9%), from €79,085 to €130,436
- Other debts -€7,900
down €7,900 (-36.4%), from €21,699 to €13,799
- Tax, wage and social debts +€2,718
up €2,718 (+17.8%), from €15,267 to €17,985
- Gross operating margin +€27,064
up €27,064 (+62.1%), from €43,580 to €70,644
- Taxes +€8,607
up €8,607 (+94.0%), from €9,153 to €17,761
- Depreciation +€1,564
up €1,564 (+1453.5%), from €108 to €1,672
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 | €118,955 | €165,618 | +€46,663 | +39.2% |
| Fixed assets | 21/28 | €4,605 | €15,930 | +€11,325 | +245.9% |
| Tangible fixed assets | 22/27 | €4,605 | €15,930 | +€11,325 | +245.9% |
| Furniture and vehicles | 24 | €4,605 | €15,930 | +€11,325 | +245.9% |
| Current assets | 29/58 | €114,350 | €149,688 | +€35,338 | +30.9% |
| Amounts receivable within one year | 40/41 | €60,847 | €60,000 | -€847 | -1.4% |
| Trade receivables | 40 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 41 | €847 | - | -€847 | |
| Cash at bank and in hand | 54/58 | €53,504 | €89,688 | +€36,184 | +67.6% |
| Total equity and liabilities | 10/49 | €118,955 | €165,618 | +€46,663 | +39.2% |
| Equity | 10/15 | €81,585 | €132,936 | +€51,352 | +62.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €79,085 | €130,436 | +€51,352 | +64.9% |
| Distributable reserves | 133 | €79,085 | €130,436 | +€51,352 | +64.9% |
| Amounts payable | 17/49 | €37,370 | €32,681 | -€4,689 | -12.5% |
| Amounts payable within one year | 42/48 | €37,370 | €32,681 | -€4,689 | -12.5% |
| Trade debts | 44 | €404 | €897 | +€493 | +122.0% |
| Suppliers | 440/4 | €404 | €897 | +€493 | +122.0% |
| Taxes, remuneration and social security | 45 | €15,267 | €17,985 | +€2,718 | +17.8% |
| Taxes | 450/3 | €15,267 | €17,985 | +€2,718 | +17.8% |
| Other amounts payable | 47/48 | €21,699 | €13,799 | -€7,900 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108 | €1,672 | +€1,564 | +1453.5% |
| Gross operating margin | 9900 | €43,580 | €70,644 | +€27,064 | +62.1% |
| Operating profit (loss) | 9901 | €43,472 | €68,973 | +€25,501 | +58.7% |
| Financial income | 75/76B | - | €198 | +€198 | |
| Recurring financial income | 75 | - | €198 | +€198 | |
| Financial charges | 65/66B | €59 | €58 | -€1 | -1.4% |
| Recurring financial charges | 65 | €59 | €58 | -€1 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €43,414 | €69,113 | +€25,699 | +59.2% |
| Income taxes | 67/77 | €9,153 | €17,761 | +€8,607 | +94.0% |
| Profit (loss) for the period | 9904 | €34,260 | €51,352 | +€17,091 | +49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,260 | €51,352 | +€17,091 | +49.9% |
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 8 October 2026 via checked.be.