Vinitec: 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.
Vinitec
Largest movements
- Receivables within one year +€43,219
up €43,219 (+129%), from €33,384 to €76,604
- Cash +€25,005
up €25,005 (+452%), from €5,537 to €30,541
mainly Net result for the year (+€72,147) and Tax, wage and social debts (+€7,878)
- Stocks and contracts -€6,007
down €6,007 (-6.2%), from €97,638 to €91,630
- Tangible fixed assets -€2,385
down €2,385 (-16.7%), from €14,268 to €11,883
- Reserves +€71,314
up €71,314 (+76.0%), from €93,797 to €165,111
- Trade debts -€22,742
no longer reported in 2025 (was €22,742)
- Tax, wage and social debts +€7,878
up €7,878 (+26.5%), from €29,728 to €37,605
- Other debts +€3,382
up €3,382 (+604%), from €560 to €3,942
- Gross operating margin -€28,274
down €28,274 (-23.0%), from €123,087 to €94,813
- Taxes -€6,336
down €6,336 (-25.3%), from €25,082 to €18,746
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.
Derived cash bridge
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 | €150,827 | €210,658 | +€59,832 | +39.7% |
| Fixed assets | 21/28 | €14,268 | €11,883 | -€2,385 | -16.7% |
| Tangible fixed assets | 22/27 | €14,268 | €11,883 | -€2,385 | -16.7% |
| Plant, machinery and equipment | 23 | €14,268 | €11,883 | -€2,385 | -16.7% |
| Current assets | 29/58 | €136,559 | €198,775 | +€62,217 | +45.6% |
| Stocks and contracts in progress | 3 | €97,638 | €91,630 | -€6,007 | -6.2% |
| Stocks | 30/36 | €97,638 | €91,630 | -€6,007 | -6.2% |
| Amounts receivable within one year | 40/41 | €33,384 | €76,604 | +€43,219 | +129% |
| Trade receivables | 40 | €33,384 | €76,604 | +€43,219 | +129% |
| Cash at bank and in hand | 54/58 | €5,537 | €30,541 | +€25,005 | +452% |
| Total equity and liabilities | 10/49 | €150,827 | €210,658 | +€59,832 | +39.7% |
| Equity | 10/15 | €97,797 | €169,111 | +€71,314 | +72.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €93,797 | €165,111 | +€71,314 | +76.0% |
| Distributable reserves | 133 | €93,797 | €165,111 | +€71,314 | +76.0% |
| Amounts payable | 17/49 | €53,030 | €41,547 | -€11,483 | -21.7% |
| Amounts payable within one year | 42/48 | €53,030 | €41,547 | -€11,483 | -21.7% |
| Trade debts | 44 | €22,742 | - | -€22,742 | |
| Suppliers | 440/4 | €22,742 | - | -€22,742 | |
| Taxes, remuneration and social security | 45 | €29,728 | €37,605 | +€7,878 | +26.5% |
| Taxes | 450/3 | €29,728 | €37,605 | +€7,878 | +26.5% |
| Other amounts payable | 47/48 | €560 | €3,942 | +€3,382 | +604% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,618 | €2,385 | +€767 | +47.4% |
| Other operating charges | 640/8 | €1,785 | €1,770 | -€15 | -0.9% |
| Gross operating margin | 9900 | €123,087 | €94,813 | -€28,274 | -23.0% |
| Operating profit (loss) | 9901 | €119,684 | €90,658 | -€29,026 | -24.3% |
| Financial income | 75/76B | €30 | €305 | +€275 | +910% |
| Recurring financial income | 75 | €30 | €305 | +€275 | +910% |
| Financial charges | 65/66B | €36 | €70 | +€34 | +95.8% |
| Recurring financial charges | 65 | €36 | €70 | +€34 | +95.8% |
| Profit (loss) for the period before taxes | 9903 | €119,679 | €90,893 | -€28,786 | -24.1% |
| Income taxes | 67/77 | €25,082 | €18,746 | -€6,336 | -25.3% |
| Profit (loss) for the period | 9904 | €94,597 | €72,147 | -€22,449 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €94,597 | €72,147 | -€22,449 | -23.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.