Vinotalia: what changed
Vinotalia
Largest movements
- Cash -€3,205
down €3,205 (-47.9%), from €6,697 to €3,492
mainly Net result for the year (-€1,649) and Receivables within one year (-€1,515)
- Receivables within one year +€1,515
up €1,515 (+143%), from €1,057 to €2,572
of which Trade receivables: +€1,165
- Profit (loss) carried forward -€1,649
down €1,649, from €718 to -€931
- Financial charges -€1,835
down €1,835 (-83.6%), from €2,195 to €360
- Gross operating margin -€1,214
down €1,214, from €63 to -€1,151
- Other operating charges -€717
down €717 (-80.5%), from €890 to €173
- Financial income +€35
new in 2025: €35
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,381 | €32,691 | -€1,690 | -4.9% |
| Current assets | 29/58 | €34,381 | €32,691 | -€1,690 | -4.9% |
| Stocks and contracts in progress | 3 | €26,628 | €26,628 | = | 0.0% |
| Stocks | 30/36 | €26,628 | €26,628 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,057 | €2,572 | +€1,515 | +143% |
| Trade receivables | 40 | €557 | €1,722 | +€1,165 | +209% |
| Other amounts receivable | 41 | €500 | €850 | +€350 | +70.0% |
| Cash at bank and in hand | 54/58 | €6,697 | €3,492 | -€3,205 | -47.9% |
| Total equity and liabilities | 10/49 | €34,381 | €32,691 | -€1,690 | -4.9% |
| Equity | 10/15 | €3,718 | €2,069 | -€1,649 | -44.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €718 | -€931 | -€1,649 | |
| Amounts payable | 17/49 | €30,664 | €30,622 | -€41 | -0.1% |
| Amounts payable within one year | 42/48 | €27,063 | €27,021 | -€41 | -0.2% |
| Trade debts | 44 | €196 | €196 | +€0 | 0.0% |
| Suppliers | 440/4 | €196 | €196 | +€0 | 0.0% |
| Taxes, remuneration and social security | 45 | €356 | €315 | -€41 | -11.6% |
| Taxes | 450/3 | €356 | €315 | -€41 | -11.6% |
| Other amounts payable | 47/48 | €26,510 | €26,510 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,601 | €3,601 | = | 0.0% |
| Other operating charges | 640/8 | €890 | €173 | -€717 | -80.5% |
| Gross operating margin | 9900 | €63 | -€1,151 | -€1,214 | |
| Operating profit (loss) | 9901 | -€826 | -€1,324 | -€498 | -60.2% |
| Financial income | 75/76B | - | €35 | +€35 | |
| Recurring financial income | 75 | - | €35 | +€35 | |
| Financial charges | 65/66B | €2,195 | €360 | -€1,835 | -83.6% |
| Recurring financial charges | 65 | €2,195 | €360 | -€1,835 | -83.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,021 | -€1,649 | +€1,373 | +45.4% |
| Profit (loss) for the period | 9904 | -€3,021 | -€1,649 | +€1,373 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,021 | -€1,649 | +€1,373 | +45.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.