VINNIE: 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.
VINNIE
Largest movements
- Receivables within one year -€41,770
down €41,770 (-50.0%), from €83,545 to €41,775
of which Other amounts receivable: -€42,002
- Tangible fixed assets -€13,306
down €13,306 (-4.0%), from €331,719 to €318,413
of which Furniture and vehicles: -€8,371
- Cash -€6,723
down €6,723 (-19.0%), from €35,371 to €28,648
mainly Debts after one year (-€38,915) and Trade debts (-€35,263)
- Debts after one year -€38,915
down €38,915 (-21.9%), from €177,605 to €138,690
- Trade debts -€35,263
down €35,263 (-81.7%), from €43,140 to €7,877
- Profit (loss) carried forward +€26,669
no longer reported in 2025 (was -€26,669)
- Tax, wage and social debts -€24,976
down €24,976 (-79.8%), from €31,294 to €6,318
of which Taxes: -€19,279
- Reserves +€16,094
up €16,094 (+8.6%), from €187,150 to €203,244
of which Distributable reserves: +€16,094
- Staff costs -€54,228
down €54,228 (-32.6%), from €166,395 to €112,168
- Gross operating margin -€50,317
down €50,317 (-20.4%), from €247,043 to €196,727
- Depreciation +€4,320
up €4,320 (+17.5%), from €24,642 to €28,962
- Financial charges -€3,863
down €3,863 (-31.0%), from €12,462 to €8,599
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 | €464,736 | €402,709 | -€62,026 | -13.3% |
| Fixed assets | 21/28 | €337,343 | €324,618 | -€12,725 | -3.8% |
| Intangible fixed assets | 21 | - | €581 | +€581 | |
| Tangible fixed assets | 22/27 | €331,719 | €318,413 | -€13,306 | -4.0% |
| Land and buildings | 22 | €276,602 | €275,441 | -€1,161 | -0.4% |
| Plant, machinery and equipment | 23 | €16,172 | €12,399 | -€3,774 | -23.3% |
| Furniture and vehicles | 24 | €38,944 | €30,573 | -€8,371 | -21.5% |
| Financial fixed assets | 28 | €5,625 | €5,625 | = | 0.0% |
| Current assets | 29/58 | €127,392 | €78,091 | -€49,301 | -38.7% |
| Stocks and contracts in progress | 3 | €3,914 | €5,661 | +€1,747 | +44.6% |
| Stocks | 30/36 | €3,914 | €5,661 | +€1,747 | +44.6% |
| Amounts receivable within one year | 40/41 | €83,545 | €41,775 | -€41,770 | -50.0% |
| Trade receivables | 40 | €4,458 | €4,689 | +€232 | +5.2% |
| Other amounts receivable | 41 | €79,087 | €37,085 | -€42,002 | -53.1% |
| Current investments | 50/53 | €3,005 | €4 | -€3,000 | -99.9% |
| Cash at bank and in hand | 54/58 | €35,371 | €28,648 | -€6,723 | -19.0% |
| Deferred charges and accrued income | 490/1 | €1,557 | €2,004 | +€446 | +28.6% |
| Total equity and liabilities | 10/49 | €464,736 | €402,709 | -€62,026 | -13.3% |
| Equity | 10/15 | €166,678 | €209,442 | +€42,763 | +25.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €187,150 | €203,244 | +€16,094 | +8.6% |
| Tax-exempt reserves | 132 | €13,000 | €13,000 | = | 0.0% |
| Distributable reserves | 133 | €174,150 | €190,244 | +€16,094 | +9.2% |
| Profit (loss) carried forward | 14 | -€26,669 | - | +€26,669 | |
| Amounts payable | 17/49 | €298,057 | €193,268 | -€104,790 | -35.2% |
| Amounts payable after more than one year | 17 | €177,605 | €138,690 | -€38,915 | -21.9% |
| Financial debts | 170/4 | €177,605 | €138,690 | -€38,915 | -21.9% |
| Amounts payable within one year | 42/48 | €116,452 | €54,578 | -€61,874 | -53.1% |
| Current portion of amounts payable after more than one year | 42 | €37,773 | €38,915 | +€1,142 | +3.0% |
| Financial debts | 43 | €216 | €785 | +€569 | +264.1% |
| Credit institutions | 430/8 | €216 | €785 | +€569 | +264.1% |
| Trade debts | 44 | €43,140 | €7,877 | -€35,263 | -81.7% |
| Suppliers | 440/4 | €43,140 | €7,877 | -€35,263 | -81.7% |
| Taxes, remuneration and social security | 45 | €31,294 | €6,318 | -€24,976 | -79.8% |
| Taxes | 450/3 | €19,597 | €318 | -€19,279 | -98.4% |
| Remuneration and social security | 454/9 | €11,697 | €6,000 | -€5,697 | -48.7% |
| Other amounts payable | 47/48 | €4,029 | €682 | -€3,347 | -83.1% |
| Accrued charges and deferred income | 492/3 | €4,000 | - | -€4,000 | |
| Non-recurring operating income | 76A | €2,000 | €60,000 | +€58,000 | +2900.0% |
| Remuneration, social security and pensions | 62 | €166,395 | €112,168 | -€54,228 | -32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,642 | €28,962 | +€4,320 | +17.5% |
| Other operating charges | 640/8 | €4,102 | €4,354 | +€252 | +6.1% |
| Gross operating margin | 9900 | €247,043 | €196,727 | -€50,317 | -20.4% |
| Operating profit (loss) | 9901 | €51,904 | €51,243 | -€661 | -1.3% |
| Financial income | 75/76B | €419 | €119 | -€300 | -71.6% |
| Recurring financial income | 75 | €419 | €119 | -€300 | -71.6% |
| Financial charges | 65/66B | €12,462 | €8,599 | -€3,863 | -31.0% |
| Recurring financial charges | 65 | €12,462 | €8,599 | -€3,863 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €39,861 | €42,763 | +€2,903 | +7.3% |
| Profit (loss) for the period | 9904 | €39,861 | €42,763 | +€2,903 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,861 | €42,763 | +€2,903 | +7.3% |
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 29 September 2026 via checked.be.