VINJineering: 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.
VINJineering
Largest movements
- Cash +€22,778
up €22,778 (+61.6%), from €36,994 to €59,772
mainly Net result for the year (+€27,545) and Tax, wage and social debts (+€1,776)
- Tangible fixed assets +€4,775
new in 2025: €4,775
- Receivables within one year -€1,412
down €1,412 (-8.3%), from €16,916 to €15,504
- Reserves +€26,712
up €26,712 (+91.8%), from €29,105 to €55,817
- Tax, wage and social debts +€1,776
up €1,776 (+10.4%), from €17,131 to €18,907
- Other debts -€1,343
down €1,343 (-46.4%), from €2,894 to €1,551
- Trade debts -€911
down €911 (-21.9%), from €4,169 to €3,257
- Gross operating margin -€2,593
down €2,593 (-6.8%), from €38,195 to €35,602
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 | €54,300 | €80,532 | +€26,233 | +48.3% |
| Fixed assets | 21/28 | €325 | €5,100 | +€4,775 | +1,469% |
| Tangible fixed assets | 22/27 | - | €4,775 | +€4,775 | |
| Furniture and vehicles | 24 | - | €4,775 | +€4,775 | |
| Financial fixed assets | 28 | €325 | €325 | = | 0.0% |
| Current assets | 29/58 | €53,975 | €75,433 | +€21,458 | +39.8% |
| Amounts receivable within one year | 40/41 | €16,916 | €15,504 | -€1,412 | -8.3% |
| Trade receivables | 40 | €16,916 | €15,504 | -€1,412 | -8.3% |
| Cash at bank and in hand | 54/58 | €36,994 | €59,772 | +€22,778 | +61.6% |
| Deferred charges and accrued income | 490/1 | €65 | €157 | +€92 | +141% |
| Total equity and liabilities | 10/49 | €54,300 | €80,532 | +€26,233 | +48.3% |
| Equity | 10/15 | €30,105 | €56,817 | +€26,712 | +88.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €29,105 | €55,817 | +€26,712 | +91.8% |
| Distributable reserves | 133 | €29,105 | €55,817 | +€26,712 | +91.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,194 | €23,715 | -€479 | -2.0% |
| Amounts payable within one year | 42/48 | €24,194 | €23,715 | -€479 | -2.0% |
| Trade debts | 44 | €4,169 | €3,257 | -€911 | -21.9% |
| Suppliers | 440/4 | €4,169 | €3,257 | -€911 | -21.9% |
| Taxes, remuneration and social security | 45 | €17,131 | €18,907 | +€1,776 | +10.4% |
| Taxes | 450/3 | €17,131 | €18,907 | +€1,776 | +10.4% |
| Other amounts payable | 47/48 | €2,894 | €1,551 | -€1,343 | -46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €85 | +€85 | |
| Other operating charges | 640/8 | €437 | €400 | -€38 | -8.6% |
| Gross operating margin | 9900 | €38,195 | €35,602 | -€2,593 | -6.8% |
| Operating profit (loss) | 9901 | €37,758 | €35,117 | -€2,641 | -7.0% |
| Financial income | 75/76B | €20 | €13 | -€7 | -34.0% |
| Recurring financial income | 75 | €20 | €13 | -€7 | -34.0% |
| Financial charges | 65/66B | €54 | €63 | +€8 | +15.5% |
| Recurring financial charges | 65 | €54 | €63 | +€8 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €37,724 | €35,067 | -€2,656 | -7.0% |
| Income taxes | 67/77 | €7,785 | €7,522 | -€263 | -3.4% |
| Profit (loss) for the period | 9904 | €29,938 | €27,545 | -€2,393 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,938 | €27,545 | -€2,393 | -8.0% |
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 18 October 2026 via checked.be.