Vinô-Etc: 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.
Vinô-Etc
Largest movements
- Receivables within one year +€28,543
up €28,543 (+130%), from €22,029 to €50,572
of which Trade receivables: +€29,049
- Cash +€25,903
up €25,903 (+41.0%), from €63,229 to €89,133
mainly Advances received (+€27,697) and Stocks and contracts (+€18,681)
- Stocks and contracts -€18,681
down €18,681 (-19.2%), from €97,217 to €78,536
- Intangible fixed assets +€8,113
new in 2025: €8,113
- Tangible fixed assets -€6,775
down €6,775 (-64.3%), from €10,542 to €3,767
of which Furniture and vehicles: -€5,300
- Advances received +€27,697
new in 2025: €27,697
- Trade debts +€14,297
up €14,297 (+75.1%), from €19,037 to €33,334
- Tax, wage and social debts -€4,852
down €4,852 (-29.2%), from €16,626 to €11,774
of which Taxes: -€4,852
- Gross operating margin +€8,131
up €8,131 (+303%), from €2,683 to €10,814
- Financial charges -€4,999
down €4,999 (-94.3%), from €5,300 to €300
- Write-downs -€4,177
down €4,177, from €2,938 to -€1,239
- Depreciation +€2,812
up €2,812 (+52.5%), from €5,356 to €8,168
- Other operating charges +€2,043
up €2,043 (+226%), from €904 to €2,947
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 | €193,867 | €230,927 | +€37,061 | +19.1% |
| Fixed assets | 21/28 | €11,162 | €12,501 | +€1,338 | +12.0% |
| Intangible fixed assets | 21 | - | €8,113 | +€8,113 | |
| Tangible fixed assets | 22/27 | €10,542 | €3,767 | -€6,775 | -64.3% |
| Plant, machinery and equipment | 23 | €562 | €390 | -€172 | -30.7% |
| Furniture and vehicles | 24 | €6,477 | €1,177 | -€5,300 | -81.8% |
| Other tangible fixed assets | 26 | €3,504 | €2,201 | -€1,303 | -37.2% |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €182,704 | €218,426 | +€35,722 | +19.6% |
| Stocks and contracts in progress | 3 | €97,217 | €78,536 | -€18,681 | -19.2% |
| Stocks | 30/36 | €97,217 | €78,536 | -€18,681 | -19.2% |
| Amounts receivable within one year | 40/41 | €22,029 | €50,572 | +€28,543 | +130% |
| Trade receivables | 40 | €21,523 | €50,572 | +€29,049 | +135% |
| Other amounts receivable | 41 | €506 | €0 | -€506 | -100% |
| Cash at bank and in hand | 54/58 | €63,229 | €89,133 | +€25,903 | +41.0% |
| Deferred charges and accrued income | 490/1 | €229 | €185 | -€44 | -19.0% |
| Total equity and liabilities | 10/49 | €193,867 | €230,927 | +€37,061 | +19.1% |
| Equity | 10/15 | €156,420 | €156,545 | +€125 | +0.1% |
| Contributions | 10/11 | €170,300 | €170,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,880 | -€13,755 | +€125 | +0.9% |
| Amounts payable | 17/49 | €37,446 | €74,382 | +€36,936 | +98.6% |
| Amounts payable within one year | 42/48 | €37,446 | €74,282 | +€36,836 | +98.4% |
| Trade debts | 44 | €19,037 | €33,334 | +€14,297 | +75.1% |
| Suppliers | 440/4 | €19,037 | €33,334 | +€14,297 | +75.1% |
| Advances received on contracts in progress | 46 | - | €27,697 | +€27,697 | |
| Taxes, remuneration and social security | 45 | €16,626 | €11,774 | -€4,852 | -29.2% |
| Taxes | 450/3 | €15,009 | €10,157 | -€4,852 | -32.3% |
| Remuneration and social security | 454/9 | €1,617 | €1,617 | = | 0.0% |
| Other amounts payable | 47/48 | €1,783 | €1,477 | -€306 | -17.2% |
| Accrued charges and deferred income | 492/3 | €0 | €100 | +€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,356 | €8,168 | +€2,812 | +52.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,938 | -€1,239 | -€4,177 | |
| Other operating charges | 640/8 | €904 | €2,947 | +€2,043 | +226% |
| Gross operating margin | 9900 | €2,683 | €10,814 | +€8,131 | +303% |
| Operating profit (loss) | 9901 | -€6,515 | €938 | +€7,454 | |
| Financial income | 75/76B | €44 | €0 | -€44 | -100% |
| Recurring financial income | 75 | €44 | €0 | -€44 | -100% |
| Financial charges | 65/66B | €5,300 | €300 | -€4,999 | -94.3% |
| Recurring financial charges | 65 | €5,300 | €300 | -€4,999 | -94.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,771 | €638 | +€12,409 | |
| Income taxes | 67/77 | €92 | €513 | +€421 | +458% |
| Profit (loss) for the period | 9904 | -€11,863 | €125 | +€11,988 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,863 | €125 | +€11,988 |
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 19 October 2026 via checked.be.