VINISCO: 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.
VINISCO
Largest movements
- Receivables within one year +€97,823
up €97,823 (+802.1%), from €12,196 to €110,019
of which Other amounts receivable: +€53,723
- Cash +€74,091
up €74,091 (+110.2%), from €67,226 to €141,318
mainly Net result for the year (+€187,172) and Other debts (+€74,349)
- Intangible fixed assets -€13,000
down €13,000 (-11.1%), from €116,626 to €103,626
- Tangible fixed assets +€7,651
up €7,651 (+4.2%), from €180,686 to €188,336
of which Furniture and vehicles: +€19,032
- Other debts +€74,349
up €74,349 (+78.6%), from €94,609 to €168,958
- Trade debts +€59,686
up €59,686 (+123.1%), from €48,503 to €108,189
- Debts after one year -€46,370
down €46,370 (-21.7%), from €213,443 to €167,074
of which Financial debts: -€28,577
- Profit (loss) carried forward +€29,972
up €29,972, from -€5,091 to €24,881
- Tax, wage and social debts +€27,942
up €27,942 (+122.5%), from €22,814 to €50,756
of which Remuneration and social security: +€14,995
- Gross operating margin +€360,175
up €360,175 (+442.0%), from €81,487 to €441,662
- Staff costs +€133,719
up €133,719 (+237.7%), from €56,262 to €189,981
- Depreciation +€22,560
up €22,560 (+147.3%), from €15,317 to €37,877
- Financial charges +€10,398
up €10,398 (+61.1%), from €17,008 to €27,406
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 | €414,940 | €580,362 | +€165,422 | +39.9% |
| Fixed assets | 21/28 | €322,512 | €317,697 | -€4,815 | -1.5% |
| Intangible fixed assets | 21 | €116,626 | €103,626 | -€13,000 | -11.1% |
| Tangible fixed assets | 22/27 | €180,686 | €188,336 | +€7,651 | +4.2% |
| Plant, machinery and equipment | 23 | €10,958 | €14,999 | +€4,041 | +36.9% |
| Furniture and vehicles | 24 | €4,763 | €23,795 | +€19,032 | +399.6% |
| Other tangible fixed assets | 26 | €164,965 | €149,543 | -€15,422 | -9.3% |
| Financial fixed assets | 28 | €25,200 | €25,734 | +€534 | +2.1% |
| Current assets | 29/58 | €92,428 | €262,665 | +€170,237 | +184.2% |
| Stocks and contracts in progress | 3 | €13,006 | €10,095 | -€2,911 | -22.4% |
| Stocks | 30/36 | €13,006 | €10,095 | -€2,911 | -22.4% |
| Amounts receivable within one year | 40/41 | €12,196 | €110,019 | +€97,823 | +802.1% |
| Trade receivables | 40 | €8,946 | €53,046 | +€44,100 | +493.0% |
| Other amounts receivable | 41 | €3,250 | €56,973 | +€53,723 | +1653.0% |
| Cash at bank and in hand | 54/58 | €67,226 | €141,318 | +€74,091 | +110.2% |
| Deferred charges and accrued income | 490/1 | - | €1,233 | +€1,233 | |
| Total equity and liabilities | 10/49 | €414,940 | €580,362 | +€165,422 | +39.9% |
| Equity | 10/15 | €16,628 | €46,603 | +€29,975 | +180.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,091 | €24,881 | +€29,972 | |
| Investment grants | 15 | €20,219 | €20,222 | +€3 | 0.0% |
| Amounts payable | 17/49 | €398,312 | €533,759 | +€135,446 | +34.0% |
| Amounts payable after more than one year | 17 | €213,443 | €167,074 | -€46,370 | -21.7% |
| Financial debts | 170/4 | €152,957 | €124,380 | -€28,577 | -18.7% |
| Other amounts payable | 178/9 | €60,486 | €42,694 | -€17,793 | -29.4% |
| Amounts payable within one year | 42/48 | €179,013 | €352,826 | +€173,813 | +97.1% |
| Current portion of amounts payable after more than one year | 42 | €13,087 | €23,168 | +€10,081 | +77.0% |
| Trade debts | 44 | €48,503 | €108,189 | +€59,686 | +123.1% |
| Suppliers | 440/4 | €48,503 | €108,189 | +€59,686 | +123.1% |
| Advances received on contracts in progress | 46 | - | €1,755 | +€1,755 | |
| Taxes, remuneration and social security | 45 | €22,814 | €50,756 | +€27,942 | +122.5% |
| Taxes | 450/3 | €7,132 | €20,079 | +€12,947 | +181.5% |
| Remuneration and social security | 454/9 | €15,683 | €30,677 | +€14,995 | +95.6% |
| Other amounts payable | 47/48 | €94,609 | €168,958 | +€74,349 | +78.6% |
| Accrued charges and deferred income | 492/3 | €5,856 | €13,859 | +€8,004 | +136.7% |
| Remuneration, social security and pensions | 62 | €56,262 | €189,981 | +€133,719 | +237.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,317 | €37,877 | +€22,560 | +147.3% |
| Other operating charges | 640/8 | €338 | €2,649 | +€2,312 | +684.7% |
| Gross operating margin | 9900 | €81,487 | €441,662 | +€360,175 | +442.0% |
| Operating profit (loss) | 9901 | €9,570 | €211,156 | +€201,585 | +2106.4% |
| Financial income | 75/76B | €2,347 | €3,574 | +€1,227 | +52.3% |
| Recurring financial income | 75 | €2,347 | €3,574 | +€1,227 | +52.3% |
| Financial charges | 65/66B | €17,008 | €27,406 | +€10,398 | +61.1% |
| Recurring financial charges | 65 | €17,008 | €27,406 | +€10,398 | +61.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,091 | €187,324 | +€192,415 | |
| Income taxes | 67/77 | - | €152 | +€152 | |
| Profit (loss) for the period | 9904 | -€5,091 | €187,172 | +€192,262 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,091 | €187,172 | +€192,262 |
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.