VINOPRES: 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.
VINOPRES
Largest movements
- Receivables within one year +€342,509
up €342,509 (+40.8%), from €840,282 to €1.2m
of which Other amounts receivable: +€391,374
- Cash -€211,812
down €211,812 (-59.5%), from €355,960 to €144,148
mainly Receivables within one year (-€342,509) and Contributions, distributions and other (-€307,000)
- Deferred charges and accrued income -€147,810
no longer reported in 2025 (was €147,810)
- Stocks and contracts +€112,618
up €112,618 (+195.2%), from €57,693 to €170,311
- Intangible fixed assets -€90,896
down €90,896 (-57.7%), from €157,599 to €66,703
- Other debts +€307,143
up €307,143 (+371.3%), from €82,716 to €389,859
- Reserves -€292,579
down €292,579 (-28.3%), from €1.0m to €741,864
of which Distributable reserves: -€292,579
- Trade debts +€100,963
up €100,963 (+121.5%), from €83,127 to €184,089
- Tax, wage and social debts -€52,681
down €52,681 (-34.0%), from €154,825 to €102,144
of which Taxes: -€65,813
- Debts after one year -€32,064
down €32,064 (-13.4%), from €238,738 to €206,674
- Gross operating margin -€364,388
down €364,388 (-29.3%), from €1.2m to €879,676
- Taxes -€163,861
down €163,861, from €140,380 to -€23,481
- Staff costs +€56,261
up €56,261 (+8.9%), from €632,260 to €688,521
- Depreciation +€15,526
up €15,526 (+10.8%), from €144,072 to €159,598
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 | €1,967,839 | €2,013,397 | +€45,559 | +2.3% |
| Fixed assets | 21/28 | €566,094 | €516,148 | -€49,946 | -8.8% |
| Intangible fixed assets | 21 | €157,599 | €66,703 | -€90,896 | -57.7% |
| Tangible fixed assets | 22/27 | €369,900 | €376,851 | +€6,951 | +1.9% |
| Land and buildings | 22 | €274,030 | €231,235 | -€42,795 | -15.6% |
| Plant, machinery and equipment | 23 | €76,737 | €78,139 | +€1,402 | +1.8% |
| Furniture and vehicles | 24 | €19,133 | €67,476 | +€48,344 | +252.7% |
| Financial fixed assets | 28 | €38,594 | €72,594 | +€34,000 | +88.1% |
| Current assets | 29/58 | €1,401,745 | €1,497,250 | +€95,505 | +6.8% |
| Stocks and contracts in progress | 3 | €57,693 | €170,311 | +€112,618 | +195.2% |
| Stocks | 30/36 | €57,693 | €170,311 | +€112,618 | +195.2% |
| Amounts receivable within one year | 40/41 | €840,282 | €1,182,790 | +€342,509 | +40.8% |
| Trade receivables | 40 | €354,954 | €306,089 | -€48,865 | -13.8% |
| Other amounts receivable | 41 | €485,327 | €876,701 | +€391,374 | +80.6% |
| Cash at bank and in hand | 54/58 | €355,960 | €144,148 | -€211,812 | -59.5% |
| Deferred charges and accrued income | 490/1 | €147,810 | - | -€147,810 | |
| Total equity and liabilities | 10/49 | €1,967,839 | €2,013,397 | +€45,559 | +2.3% |
| Equity | 10/15 | €1,107,476 | €814,897 | -€292,579 | -26.4% |
| Contributions | 10/11 | €68,173 | €68,173 | = | 0.0% |
| Capital | 10 | €68,173 | €68,173 | = | 0.0% |
| Issued capital | 100 | €80,573 | €80,573 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,034,442 | €741,864 | -€292,579 | -28.3% |
| Tax-exempt reserves | 132 | €442 | €442 | = | 0.0% |
| Distributable reserves | 133 | €1,034,000 | €741,421 | -€292,579 | -28.3% |
| Profit (loss) carried forward | 14 | €4,860 | €4,860 | = | 0.0% |
| Amounts payable | 17/49 | €860,363 | €1,198,501 | +€338,137 | +39.3% |
| Amounts payable after more than one year | 17 | €238,738 | €206,674 | -€32,064 | -13.4% |
| Financial debts | 170/4 | €238,738 | €206,674 | -€32,064 | -13.4% |
| Amounts payable within one year | 42/48 | €377,427 | €725,066 | +€347,639 | +92.1% |
| Current portion of amounts payable after more than one year | 42 | €42,092 | €37,978 | -€4,114 | -9.8% |
| Financial debts | 43 | €14,667 | €10,995 | -€3,671 | -25.0% |
| Credit institutions | 430/8 | €14,667 | €10,995 | -€3,671 | -25.0% |
| Trade debts | 44 | €83,127 | €184,089 | +€100,963 | +121.5% |
| Suppliers | 440/4 | €83,127 | €184,089 | +€100,963 | +121.5% |
| Taxes, remuneration and social security | 45 | €154,825 | €102,144 | -€52,681 | -34.0% |
| Taxes | 450/3 | €85,315 | €19,502 | -€65,813 | -77.1% |
| Remuneration and social security | 454/9 | €69,511 | €82,642 | +€13,132 | +18.9% |
| Other amounts payable | 47/48 | €82,716 | €389,859 | +€307,143 | +371.3% |
| Accrued charges and deferred income | 492/3 | €244,198 | €266,760 | +€22,562 | +9.2% |
| Remuneration, social security and pensions | 62 | €632,260 | €688,521 | +€56,261 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,072 | €159,598 | +€15,526 | +10.8% |
| Other operating charges | 640/8 | €19,947 | €8,769 | -€11,179 | -56.0% |
| Non-recurring operating charges | 66A | €1,219 | - | -€1,219 | |
| Gross operating margin | 9900 | €1,244,063 | €879,676 | -€364,388 | -29.3% |
| Operating profit (loss) | 9901 | €446,564 | €22,788 | -€423,776 | -94.9% |
| Financial income | 75/76B | €26,166 | €21,018 | -€5,148 | -19.7% |
| Recurring financial income | 75 | €26,166 | €21,018 | -€5,148 | -19.7% |
| Financial charges | 65/66B | €47,204 | €52,865 | +€5,661 | +12.0% |
| Recurring financial charges | 65 | €47,204 | €52,865 | +€5,661 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €425,526 | -€9,059 | -€434,585 | |
| Income taxes | 67/77 | €140,380 | -€23,481 | -€163,861 | |
| Profit (loss) for the period | 9904 | €285,146 | €14,421 | -€270,724 | -94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €285,146 | €14,421 | -€270,724 | -94.9% |
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 11 October 2026 via checked.be.