Vinodis: 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.
Vinodis
Largest movements
- Cash -€31,006
down €31,006 (-22.6%), from €137,441 to €106,434
mainly Trade debts (-€18,803) and Investment in fixed assets (net) (-€12,850)
- Stocks and contracts +€9,198
up €9,198 (+14.9%), from €61,864 to €71,062
- Receivables within one year +€5,714
up €5,714 (+65.8%), from €8,681 to €14,395
- Intangible fixed assets -€4,155
down €4,155 (-18.5%), from €22,489 to €18,334
- Tangible fixed assets +€3,658
up €3,658 (+8.8%), from €41,394 to €45,052
of which Plant, machinery and equipment: +€10,335
- Trade debts -€18,803
down €18,803 (-13.7%), from €137,007 to €118,204
- Debts after one year -€5,824
down €5,824 (-11.3%), from €51,648 to €45,824
- Tax, wage and social debts +€3,254
up €3,254 (+13.6%), from €23,914 to €27,168
of which Remuneration and social security: +€3,210
- Staff costs +€9,383
up €9,383 (+29.4%), from €31,907 to €41,290
- Depreciation -€6,802
down €6,802 (-33.3%), from €20,398 to €13,597
- Other operating charges -€3,687
down €3,687 (-56.7%), from €6,499 to €2,812
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 | €272,118 | €255,277 | -€16,841 | -6.2% |
| Formation expenses | 20 | €249 | - | -€249 | |
| Fixed assets | 21/28 | €63,883 | €63,386 | -€497 | -0.8% |
| Intangible fixed assets | 21 | €22,489 | €18,334 | -€4,155 | -18.5% |
| Tangible fixed assets | 22/27 | €41,394 | €45,052 | +€3,658 | +8.8% |
| Plant, machinery and equipment | 23 | €118 | €10,454 | +€10,335 | +8729.1% |
| Furniture and vehicles | 24 | €34,167 | €28,378 | -€5,788 | -16.9% |
| Other tangible fixed assets | 26 | €7,109 | €6,220 | -€889 | -12.5% |
| Current assets | 29/58 | €207,986 | €191,891 | -€16,095 | -7.7% |
| Stocks and contracts in progress | 3 | €61,864 | €71,062 | +€9,198 | +14.9% |
| Stocks | 30/36 | €61,864 | €71,062 | +€9,198 | +14.9% |
| Amounts receivable within one year | 40/41 | €8,681 | €14,395 | +€5,714 | +65.8% |
| Trade receivables | 40 | €8,681 | €14,395 | +€5,714 | +65.8% |
| Cash at bank and in hand | 54/58 | €137,441 | €106,434 | -€31,006 | -22.6% |
| Total equity and liabilities | 10/49 | €272,118 | €255,277 | -€16,841 | -6.2% |
| Equity | 10/15 | €69 | €2,531 | +€2,462 | +3581.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,931 | -€2,469 | +€2,462 | +49.9% |
| Amounts payable | 17/49 | €272,049 | €252,746 | -€19,304 | -7.1% |
| Amounts payable after more than one year | 17 | €51,648 | €45,824 | -€5,824 | -11.3% |
| Financial debts | 170/4 | €51,648 | €45,824 | -€5,824 | -11.3% |
| Amounts payable within one year | 42/48 | €220,402 | €206,922 | -€13,480 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €5,541 | €5,824 | +€283 | +5.1% |
| Trade debts | 44 | €137,007 | €118,204 | -€18,803 | -13.7% |
| Suppliers | 440/4 | €137,007 | €118,204 | -€18,803 | -13.7% |
| Taxes, remuneration and social security | 45 | €23,914 | €27,168 | +€3,254 | +13.6% |
| Taxes | 450/3 | €23,914 | €23,957 | +€44 | +0.2% |
| Remuneration and social security | 454/9 | €0 | €3,210 | +€3,210 | |
| Other amounts payable | 47/48 | €53,940 | €55,726 | +€1,787 | +3.3% |
| Non-recurring operating income | 76A | €77 | - | -€77 | |
| Remuneration, social security and pensions | 62 | €31,907 | €41,290 | +€9,383 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,398 | €13,597 | -€6,802 | -33.3% |
| Other operating charges | 640/8 | €6,499 | €2,812 | -€3,687 | -56.7% |
| Gross operating margin | 9900 | €63,690 | €63,485 | -€205 | -0.3% |
| Operating profit (loss) | 9901 | €4,887 | €5,787 | +€900 | +18.4% |
| Financial income | 75/76B | - | €304 | +€304 | |
| Recurring financial income | 75 | - | €304 | +€304 | |
| Financial charges | 65/66B | €3,633 | €3,487 | -€146 | -4.0% |
| Recurring financial charges | 65 | €3,633 | €3,487 | -€146 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €1,254 | €2,603 | +€1,349 | +107.6% |
| Income taxes | 67/77 | - | €141 | +€141 | |
| Profit (loss) for the period | 9904 | €1,254 | €2,462 | +€1,209 | +96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,254 | €2,462 | +€1,209 | +96.4% |
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 7 October 2026 via checked.be.