VINODUX: 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.
VINODUX
Largest movements
- Tangible fixed assets -€38,005
down €38,005 (-28.5%), from €133,351 to €95,346
of which Land and buildings: -€37,576
- Cash +€30,997
up €30,997 (+115%), from €26,964 to €57,961
mainly Depreciation (+€48,910) and Stocks and contracts (+€13,140)
- Stocks and contracts -€13,140
down €13,140 (-18.4%), from €71,336 to €58,196
- Receivables within one year +€5,469
up €5,469 (+26.7%), from €20,469 to €25,938
of which Trade receivables: +€5,333
- Trade debts -€15,700
down €15,700 (-74.6%), from €21,051 to €5,351
- Gross operating margin -€4,209
down €4,209 (-6.6%), from €64,010 to €59,802
- Depreciation -€2,651
down €2,651 (-5.1%), from €51,561 to €48,910
- Financial charges -€1,808
down €1,808 (-25.6%), from €7,068 to €5,260
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 | €256,282 | €240,773 | -€15,509 | -6.1% |
| Fixed assets | 21/28 | €135,051 | €97,046 | -€38,005 | -28.1% |
| Tangible fixed assets | 22/27 | €133,351 | €95,346 | -€38,005 | -28.5% |
| Land and buildings | 22 | €115,487 | €77,911 | -€37,576 | -32.5% |
| Plant, machinery and equipment | 23 | €3,879 | €7,094 | +€3,215 | +82.9% |
| Furniture and vehicles | 24 | - | €1,025 | +€1,025 | |
| Other tangible fixed assets | 26 | €13,985 | €9,315 | -€4,669 | -33.4% |
| Financial fixed assets | 28 | €1,700 | €1,700 | = | 0.0% |
| Current assets | 29/58 | €121,232 | €143,728 | +€22,496 | +18.6% |
| Stocks and contracts in progress | 3 | €71,336 | €58,196 | -€13,140 | -18.4% |
| Stocks | 30/36 | €71,336 | €58,196 | -€13,140 | -18.4% |
| Amounts receivable within one year | 40/41 | €20,469 | €25,938 | +€5,469 | +26.7% |
| Trade receivables | 40 | €19,357 | €24,690 | +€5,333 | +27.5% |
| Other amounts receivable | 41 | €1,112 | €1,248 | +€136 | +12.3% |
| Cash at bank and in hand | 54/58 | €26,964 | €57,961 | +€30,997 | +115% |
| Deferred charges and accrued income | 490/1 | €2,463 | €1,633 | -€830 | -33.7% |
| Total equity and liabilities | 10/49 | €256,282 | €240,773 | -€15,509 | -6.1% |
| Equity | 10/15 | €136,566 | €138,048 | +€1,482 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,689 | €32,689 | = | 0.0% |
| Tax-exempt reserves | 132 | €606 | €606 | = | 0.0% |
| Distributable reserves | 133 | €32,083 | €32,083 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,276 | €86,758 | +€1,482 | +1.7% |
| Amounts payable | 17/49 | €119,717 | €102,726 | -€16,991 | -14.2% |
| Amounts payable after more than one year | 17 | €52,965 | €50,524 | -€2,442 | -4.6% |
| Financial debts | 170/4 | €43,073 | €23,837 | -€19,236 | -44.7% |
| Other amounts payable | 178/9 | €9,893 | €26,687 | +€16,794 | +170% |
| Amounts payable within one year | 42/48 | €66,751 | €52,202 | -€14,550 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €18,783 | €19,236 | +€452 | +2.4% |
| Trade debts | 44 | €21,051 | €5,351 | -€15,700 | -74.6% |
| Suppliers | 440/4 | €21,051 | €5,351 | -€15,700 | -74.6% |
| Advances received on contracts in progress | 46 | €2,183 | €2,648 | +€465 | +21.3% |
| Taxes, remuneration and social security | 45 | €19,686 | €21,185 | +€1,499 | +7.6% |
| Taxes | 450/3 | €19,686 | €21,185 | +€1,499 | +7.6% |
| Other amounts payable | 47/48 | €5,047 | €3,782 | -€1,265 | -25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,561 | €48,910 | -€2,651 | -5.1% |
| Other operating charges | 640/8 | €2,790 | €3,397 | +€607 | +21.8% |
| Gross operating margin | 9900 | €64,010 | €59,802 | -€4,209 | -6.6% |
| Operating profit (loss) | 9901 | €9,659 | €7,494 | -€2,165 | -22.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €7,068 | €5,260 | -€1,808 | -25.6% |
| Recurring financial charges | 65 | €7,068 | €5,260 | -€1,808 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €2,591 | €2,234 | -€357 | -13.8% |
| Income taxes | 67/77 | €888 | €752 | -€136 | -15.3% |
| Profit (loss) for the period | 9904 | €1,703 | €1,482 | -€221 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,703 | €1,482 | -€221 | -13.0% |
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 22 October 2026 via checked.be.