VINN: 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.
VINN
Largest movements
- Receivables within one year +€51,004
up €51,004 (+62.2%), from €82,011 to €133,015
of which Trade receivables: +€49,334
- Receivables after one year +€20,001
new in 2025: €20,001
- Cash -€12,585
down €12,585 (-64.7%), from €19,460 to €6,876
mainly Receivables within one year (-€51,004) and Receivables after one year (-€20,001)
- Tangible fixed assets +€4,919
up €4,919 (+137.9%), from €3,566 to €8,485
- Profit (loss) carried forward +€55,241
up €55,241 (+40.3%), from €137,000 to €192,241
- Other debts +€9,246
up €9,246 (+3225.7%), from €287 to €9,533
- Trade debts -€3,026
down €3,026 (-34.6%), from €8,738 to €5,712
- Gross operating margin +€35,319
up €35,319 (+79.5%), from €44,442 to €79,761
- Taxes +€11,671
up €11,671 (+124.5%), from €9,376 to €21,047
- Depreciation +€1,322
up €1,322 (+67.2%), from €1,968 to €3,290
- Financial income +€1,295
new in 2025: €1,295
- Financial charges -€909
down €909 (-88.9%), from €1,022 to €114
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 | €164,416 | €226,813 | +€62,398 | +38.0% |
| Fixed assets | 21/28 | €3,566 | €8,485 | +€4,919 | +137.9% |
| Tangible fixed assets | 22/27 | €3,566 | €8,485 | +€4,919 | +137.9% |
| Furniture and vehicles | 24 | €3,566 | €8,485 | +€4,919 | +137.9% |
| Current assets | 29/58 | €160,850 | €218,329 | +€57,479 | +35.7% |
| Amounts receivable after more than one year | 29 | - | €20,001 | +€20,001 | |
| Other amounts receivable | 291 | - | €20,001 | +€20,001 | |
| Stocks and contracts in progress | 3 | €57,245 | €57,245 | = | 0.0% |
| Stocks | 30/36 | €57,245 | €57,245 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €82,011 | €133,015 | +€51,004 | +62.2% |
| Trade receivables | 40 | €29,486 | €78,819 | +€49,334 | +167.3% |
| Other amounts receivable | 41 | €52,525 | €54,196 | +€1,671 | +3.2% |
| Cash at bank and in hand | 54/58 | €19,460 | €6,876 | -€12,585 | -64.7% |
| Deferred charges and accrued income | 490/1 | €2,134 | €1,192 | -€942 | -44.1% |
| Total equity and liabilities | 10/49 | €164,416 | €226,813 | +€62,398 | +38.0% |
| Equity | 10/15 | €140,000 | €195,241 | +€55,241 | +39.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,000 | €192,241 | +€55,241 | +40.3% |
| Amounts payable | 17/49 | €24,416 | €31,573 | +€7,157 | +29.3% |
| Amounts payable within one year | 42/48 | €24,416 | €31,168 | +€6,752 | +27.7% |
| Trade debts | 44 | €8,738 | €5,712 | -€3,026 | -34.6% |
| Suppliers | 440/4 | €8,738 | €5,712 | -€3,026 | -34.6% |
| Taxes, remuneration and social security | 45 | €15,391 | €15,924 | +€532 | +3.5% |
| Taxes | 450/3 | €15,391 | €15,924 | +€532 | +3.5% |
| Other amounts payable | 47/48 | €287 | €9,533 | +€9,246 | +3225.7% |
| Accrued charges and deferred income | 492/3 | - | €404 | +€404 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,968 | €3,290 | +€1,322 | +67.2% |
| Other operating charges | 640/8 | €1,251 | €1,366 | +€115 | +9.2% |
| Gross operating margin | 9900 | €44,442 | €79,761 | +€35,319 | +79.5% |
| Operating profit (loss) | 9901 | €41,224 | €75,106 | +€33,882 | +82.2% |
| Financial income | 75/76B | - | €1,295 | +€1,295 | |
| Recurring financial income | 75 | - | €1,295 | +€1,295 | |
| Financial charges | 65/66B | €1,022 | €114 | -€909 | -88.9% |
| Recurring financial charges | 65 | €1,022 | €114 | -€909 | -88.9% |
| Profit (loss) for the period before taxes | 9903 | €40,201 | €76,288 | +€36,086 | +89.8% |
| Income taxes | 67/77 | €9,376 | €21,047 | +€11,671 | +124.5% |
| Profit (loss) for the period | 9904 | €30,825 | €55,241 | +€24,415 | +79.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,825 | €55,241 | +€24,415 | +79.2% |
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 6 October 2026 via checked.be.