VINOCOL: 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.
VINOCOL
Largest movements
- Cash -€379,046
down €379,046 (-22.8%), from €1.7m to €1.3m
mainly Net result for the year (-€356,840) and Investment in fixed assets (net) (-€50,088)
- Receivables within one year +€46,471
up €46,471 (+1013.7%), from €4,585 to €51,055
- Profit (loss) carried forward -€356,840
down €356,840 (-64.6%), from -€552,412 to -€909,252
- Trade debts +€40,827
up €40,827 (+41.5%), from €98,471 to €139,298
- Gross operating margin +€69,711
up €69,711 (+16.9%), from -€412,550 to -€342,839
- Financial income -€32,080
down €32,080 (-59.8%), from €53,672 to €21,591
- Depreciation +€6,568
up €6,568 (+24.4%), from €26,959 to €33,526
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,107,559 | €1,791,546 | -€316,014 | -15.0% |
| Fixed assets | 21/28 | €438,792 | €455,354 | +€16,561 | +3.8% |
| Tangible fixed assets | 22/27 | €438,792 | €455,354 | +€16,561 | +3.8% |
| Plant, machinery and equipment | 23 | €195,054 | €210,673 | +€15,620 | +8.0% |
| Other tangible fixed assets | 26 | €243,739 | €237,453 | -€6,286 | -2.6% |
| Assets under construction and advance payments | 27 | - | €7,227 | +€7,227 | |
| Current assets | 29/58 | €1,668,767 | €1,336,192 | -€332,575 | -19.9% |
| Amounts receivable within one year | 40/41 | €4,585 | €51,055 | +€46,471 | +1013.7% |
| Trade receivables | 40 | €4,585 | €51,055 | +€46,471 | +1013.7% |
| Cash at bank and in hand | 54/58 | €1,664,183 | €1,285,137 | -€379,046 | -22.8% |
| Total equity and liabilities | 10/49 | €2,107,559 | €1,791,546 | -€316,014 | -15.0% |
| Equity | 10/15 | €2,009,088 | €1,652,248 | -€356,840 | -17.8% |
| Contributions | 10/11 | €2,561,500 | €2,561,500 | = | 0.0% |
| Capital | 10 | €2,561,500 | €2,561,500 | = | 0.0% |
| Issued capital | 100 | €2,561,500 | €2,561,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€552,412 | -€909,252 | -€356,840 | -64.6% |
| Amounts payable | 17/49 | €98,471 | €139,298 | +€40,827 | +41.5% |
| Amounts payable within one year | 42/48 | €98,471 | €139,298 | +€40,827 | +41.5% |
| Trade debts | 44 | €98,471 | €139,298 | +€40,827 | +41.5% |
| Suppliers | 440/4 | €98,471 | €139,298 | +€40,827 | +41.5% |
| Non-recurring operating income | 76A | - | €101,136 | +€101,136 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,959 | €33,526 | +€6,568 | +24.4% |
| Other operating charges | 640/8 | €250 | €1,222 | +€972 | +388.7% |
| Non-recurring operating charges | 66A | €24 | €401 | +€377 | +1593.3% |
| Gross operating margin | 9900 | -€412,550 | -€342,839 | +€69,711 | +16.9% |
| Operating profit (loss) | 9901 | -€439,783 | -€377,988 | +€61,795 | +14.1% |
| Financial income | 75/76B | €53,672 | €21,591 | -€32,080 | -59.8% |
| Recurring financial income | 75 | €53,672 | €21,591 | -€32,080 | -59.8% |
| Financial charges | 65/66B | €1,067 | €444 | -€623 | -58.4% |
| Recurring financial charges | 65 | €1,067 | €444 | -€623 | -58.4% |
| Profit (loss) for the period before taxes | 9903 | -€387,178 | -€356,840 | +€30,338 | +7.8% |
| Profit (loss) for the period | 9904 | -€387,178 | -€356,840 | +€30,338 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€387,178 | -€356,840 | +€30,338 | +7.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.