VINOPIA: 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.
VINOPIA
Largest movements
- Receivables within one year -€30,173
down €30,173 (-39.4%), from €76,490 to €46,318
of which Trade receivables: -€32,998
- Cash +€22,090
up €22,090 (+76.2%), from €28,976 to €51,067
mainly Other debts (+€85,229) and Receivables within one year (+€30,173)
- Tangible fixed assets -€17,399
down €17,399 (-8.9%), from €195,794 to €178,396
of which Land and buildings: -€13,677
- Reserves -€87,751
down €87,751 (-66.8%), from €131,268 to €43,517
- Other debts +€85,229
up €85,229 (+5,017%), from €1,699 to €86,927
- Debts after one year -€22,518
down €22,518 (-13.8%), from €163,560 to €141,042
- Tax, wage and social debts +€12,957
up €12,957 (+97.5%), from €13,286 to €26,243
of which Taxes: +€14,609
- Current portion of long-term debt -€6,736
down €6,736 (-23.5%), from €28,716 to €21,980
- Staff costs -€29,942
down €29,942 (-65.3%), from €45,883 to €15,942
- Write-downs +€20,914
up €20,914, from -€800 to €20,114
- Gross operating margin -€17,064
down €17,064 (-16.6%), from €102,815 to €85,752
- Taxes -€6,496
down €6,496, from €4,802 to -€1,694
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 | €458,124 | €436,995 | -€21,129 | -4.6% |
| Fixed assets | 21/28 | €203,534 | €186,261 | -€17,274 | -8.5% |
| Tangible fixed assets | 22/27 | €195,794 | €178,396 | -€17,399 | -8.9% |
| Land and buildings | 22 | €173,940 | €160,263 | -€13,677 | -7.9% |
| Plant, machinery and equipment | 23 | €18,272 | €14,877 | -€3,395 | -18.6% |
| Furniture and vehicles | 24 | €2,722 | €2,691 | -€30 | -1.1% |
| Other tangible fixed assets | 26 | €860 | €565 | -€295 | -34.3% |
| Financial fixed assets | 28 | €7,740 | €7,865 | +€125 | +1.6% |
| Current assets | 29/58 | €254,590 | €250,735 | -€3,855 | -1.5% |
| Stocks and contracts in progress | 3 | €135,123 | €138,920 | +€3,797 | +2.8% |
| Stocks | 30/36 | €135,123 | €138,920 | +€3,797 | +2.8% |
| Amounts receivable within one year | 40/41 | €76,490 | €46,318 | -€30,173 | -39.4% |
| Trade receivables | 40 | €64,316 | €31,318 | -€32,998 | -51.3% |
| Other amounts receivable | 41 | €12,175 | €15,000 | +€2,825 | +23.2% |
| Current investments | 50/53 | €14,000 | €14,430 | +€430 | +3.1% |
| Cash at bank and in hand | 54/58 | €28,976 | €51,067 | +€22,090 | +76.2% |
| Total equity and liabilities | 10/49 | €458,124 | €436,995 | -€21,129 | -4.6% |
| Equity | 10/15 | €181,268 | €93,517 | -€87,751 | -48.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €131,268 | €43,517 | -€87,751 | -66.8% |
| Distributable reserves | 133 | €131,268 | €43,517 | -€87,751 | -66.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €276,857 | €343,479 | +€66,622 | +24.1% |
| Amounts payable after more than one year | 17 | €163,560 | €141,042 | -€22,518 | -13.8% |
| Financial debts | 170/4 | €163,560 | €141,042 | -€22,518 | -13.8% |
| Amounts payable within one year | 42/48 | €113,296 | €202,437 | +€89,140 | +78.7% |
| Current portion of amounts payable after more than one year | 42 | €28,716 | €21,980 | -€6,736 | -23.5% |
| Trade debts | 44 | €69,596 | €67,287 | -€2,310 | -3.3% |
| Suppliers | 440/4 | €69,596 | €67,287 | -€2,310 | -3.3% |
| Taxes, remuneration and social security | 45 | €13,286 | €26,243 | +€12,957 | +97.5% |
| Taxes | 450/3 | €11,634 | €26,243 | +€14,609 | +126% |
| Remuneration and social security | 454/9 | €1,652 | €0 | -€1,652 | -100% |
| Other amounts payable | 47/48 | €1,699 | €86,927 | +€85,229 | +5,017% |
| Remuneration, social security and pensions | 62 | €45,883 | €15,942 | -€29,942 | -65.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,248 | €19,489 | +€241 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€800 | €20,114 | +€20,914 | |
| Other operating charges | 640/8 | €9,672 | €10,552 | +€880 | +9.1% |
| Gross operating margin | 9900 | €102,815 | €85,752 | -€17,064 | -16.6% |
| Operating profit (loss) | 9901 | €28,812 | €19,655 | -€9,157 | -31.8% |
| Financial income | 75/76B | €825 | €1,141 | +€316 | +38.3% |
| Recurring financial income | 75 | €825 | €1,141 | +€316 | +38.3% |
| Financial charges | 65/66B | €10,156 | €10,241 | +€85 | +0.8% |
| Recurring financial charges | 65 | €10,156 | €10,241 | +€85 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €19,481 | €10,555 | -€8,926 | -45.8% |
| Income taxes | 67/77 | €4,802 | -€1,694 | -€6,496 | |
| Profit (loss) for the period | 9904 | €14,679 | €12,249 | -€2,430 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,679 | €12,249 | -€2,430 | -16.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.