VINOPHILO: 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.
VINOPHILO
Largest movements
- Cash -€70,266
down €70,266 (-33.9%), from €207,506 to €137,240
mainly Net result for the year (-€39,231) and Contributions, distributions and other (-€34,349)
- Tangible fixed assets -€15,670
down €15,670 (-32.0%), from €48,929 to €33,260
- Reserves -€73,579
down €73,579 (-9.6%), from €769,234 to €695,654
of which Distributable reserves: -€73,579
- Financial income -€76,399
down €76,399 (-86.4%), from €88,467 to €12,069
- Depreciation -€2,552
down €2,552 (-13.4%), from €18,981 to €16,428
- Gross operating margin +€1,413
up €1,413 (+17.5%), from €8,058 to €9,471
- Staff costs +€1,398
up €1,398 (+3.6%), from €38,610 to €40,008
- Other operating charges -€1,277
down €1,277 (-27.0%), from €4,734 to €3,457
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 | €846,599 | €768,490 | -€78,108 | -9.2% |
| Fixed assets | 21/28 | €49,429 | €33,760 | -€15,670 | -31.7% |
| Tangible fixed assets | 22/27 | €48,929 | €33,260 | -€15,670 | -32.0% |
| Plant, machinery and equipment | 23 | €16,527 | €13,230 | -€3,297 | -19.9% |
| Furniture and vehicles | 24 | €9,218 | €2,241 | -€6,976 | -75.7% |
| Other tangible fixed assets | 26 | €23,185 | €17,788 | -€5,396 | -23.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €797,170 | €734,731 | -€62,439 | -7.8% |
| Stocks and contracts in progress | 3 | €21,113 | €19,256 | -€1,857 | -8.8% |
| Stocks | 30/36 | €21,113 | €19,256 | -€1,857 | -8.8% |
| Amounts receivable within one year | 40/41 | €1,321 | €4,647 | +€3,327 | +251.9% |
| Trade receivables | 40 | - | €1,083 | +€1,083 | |
| Other amounts receivable | 41 | €1,321 | €3,564 | +€2,244 | +169.9% |
| Current investments | 50/53 | €565,135 | €573,583 | +€8,447 | +1.5% |
| Cash at bank and in hand | 54/58 | €207,506 | €137,240 | -€70,266 | -33.9% |
| Deferred charges and accrued income | 490/1 | €2,094 | €4 | -€2,090 | -99.8% |
| Total equity and liabilities | 10/49 | €846,599 | €768,490 | -€78,108 | -9.2% |
| Equity | 10/15 | €831,234 | €757,654 | -€73,579 | -8.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €769,234 | €695,654 | -€73,579 | -9.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €763,034 | €689,454 | -€73,579 | -9.6% |
| Amounts payable | 17/49 | €15,365 | €10,836 | -€4,529 | -29.5% |
| Amounts payable after more than one year | 17 | €401 | €401 | = | 0.0% |
| Other amounts payable | 178/9 | €401 | €401 | = | 0.0% |
| Amounts payable within one year | 42/48 | €14,964 | €10,435 | -€4,529 | -30.3% |
| Trade debts | 44 | €400 | €439 | +€39 | +9.8% |
| Suppliers | 440/4 | €400 | €439 | +€39 | +9.8% |
| Taxes, remuneration and social security | 45 | €14,564 | €9,996 | -€4,568 | -31.4% |
| Taxes | 450/3 | €4,472 | €3,864 | -€608 | -13.6% |
| Remuneration and social security | 454/9 | €10,092 | €6,132 | -€3,960 | -39.2% |
| Remuneration, social security and pensions | 62 | €38,610 | €40,008 | +€1,398 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,981 | €16,428 | -€2,552 | -13.4% |
| Other operating charges | 640/8 | €4,734 | €3,457 | -€1,277 | -27.0% |
| Gross operating margin | 9900 | €8,058 | €9,471 | +€1,413 | +17.5% |
| Operating profit (loss) | 9901 | -€54,267 | -€50,423 | +€3,844 | +7.1% |
| Financial income | 75/76B | €88,467 | €12,069 | -€76,399 | -86.4% |
| Recurring financial income | 75 | €88,467 | €12,069 | -€76,399 | -86.4% |
| Financial charges | 65/66B | €968 | €821 | -€147 | -15.2% |
| Recurring financial charges | 65 | €968 | €821 | -€147 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €33,233 | -€39,174 | -€72,407 | |
| Income taxes | 67/77 | €128 | €56 | -€72 | -56.2% |
| Profit (loss) for the period | 9904 | €33,105 | -€39,231 | -€72,335 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,105 | -€39,231 | -€72,335 |
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 2 October 2026 via checked.be.