VINOTEL X: 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.
VINOTEL X
Largest movements
- Tangible fixed assets -€52,436
down €52,436 (-4.9%), from €1.1m to €1.0m
of which Land and buildings: -€34,065
- Cash +€48,675
up €48,675 (+115%), from €42,438 to €91,113
mainly Depreciation (+€52,787) and Net result for the year (+€41,693)
- Debts after one year -€67,607
down €67,607 (-7.1%), from €957,401 to €889,795
- Reserves +€41,693
up €41,693 (+71.3%), from €58,465 to €100,158
- Current portion of long-term debt +€12,018
up €12,018 (+22.9%), from €52,464 to €64,482
- Gross operating margin +€13,032
up €13,032 (+10.5%), from €123,951 to €136,983
- Taxes +€4,856
up €4,856, from €0 to €4,856
- Financial charges +€3,880
up €3,880 (+12.3%), from €31,660 to €35,540
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 | €1,130,761 | €1,132,353 | +€1,592 | +0.1% |
| Formation expenses | 20 | €610 | €259 | -€350 | -57.5% |
| Fixed assets | 21/28 | €1,067,596 | €1,015,310 | -€52,286 | -4.9% |
| Tangible fixed assets | 22/27 | €1,067,596 | €1,015,160 | -€52,436 | -4.9% |
| Land and buildings | 22 | €932,071 | €898,006 | -€34,065 | -3.7% |
| Plant, machinery and equipment | 23 | €73,360 | €63,583 | -€9,777 | -13.3% |
| Furniture and vehicles | 24 | €62,165 | €53,571 | -€8,594 | -13.8% |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €62,556 | €116,784 | +€54,228 | +86.7% |
| Stocks and contracts in progress | 3 | €19,602 | €23,269 | +€3,666 | +18.7% |
| Stocks | 30/36 | €19,602 | €23,269 | +€3,666 | +18.7% |
| Amounts receivable within one year | 40/41 | €515 | €1,804 | +€1,289 | +250% |
| Trade receivables | 40 | - | €1,234 | +€1,234 | |
| Other amounts receivable | 41 | €515 | €570 | +€55 | +10.7% |
| Cash at bank and in hand | 54/58 | €42,438 | €91,113 | +€48,675 | +115% |
| Deferred charges and accrued income | 490/1 | - | €598 | +€598 | |
| Total equity and liabilities | 10/49 | €1,130,761 | €1,132,353 | +€1,592 | +0.1% |
| Equity | 10/15 | €88,465 | €130,158 | +€41,693 | +47.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €58,465 | €100,158 | +€41,693 | +71.3% |
| Distributable reserves | 133 | €58,465 | €100,158 | +€41,693 | +71.3% |
| Amounts payable | 17/49 | €1,042,296 | €1,002,195 | -€40,101 | -3.8% |
| Amounts payable after more than one year | 17 | €957,401 | €889,795 | -€67,607 | -7.1% |
| Financial debts | 170/4 | €957,401 | €889,795 | -€67,607 | -7.1% |
| Amounts payable within one year | 42/48 | €84,895 | €112,400 | +€27,506 | +32.4% |
| Current portion of amounts payable after more than one year | 42 | €52,464 | €64,482 | +€12,018 | +22.9% |
| Trade debts | 44 | €4,029 | €9,891 | +€5,862 | +145% |
| Suppliers | 440/4 | €4,029 | €9,891 | +€5,862 | +145% |
| Advances received on contracts in progress | 46 | €12,954 | €13,751 | +€797 | +6.2% |
| Taxes, remuneration and social security | 45 | €1,777 | €10,606 | +€8,829 | +497% |
| Taxes | 450/3 | €1,777 | €8,681 | +€6,905 | +389% |
| Remuneration and social security | 454/9 | - | €1,925 | +€1,925 | |
| Other amounts payable | 47/48 | €13,671 | €13,671 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,446 | €52,787 | +€340 | +0.6% |
| Other operating charges | 640/8 | €3,491 | €3,154 | -€338 | -9.7% |
| Gross operating margin | 9900 | €123,951 | €136,983 | +€13,032 | +10.5% |
| Operating profit (loss) | 9901 | €68,014 | €81,043 | +€13,029 | +19.2% |
| Financial income | 75/76B | €33 | €1,046 | +€1,013 | +3,036% |
| Recurring financial income | 75 | €33 | €1,046 | +€1,013 | +3,036% |
| Financial charges | 65/66B | €31,660 | €35,540 | +€3,880 | +12.3% |
| Recurring financial charges | 65 | €31,660 | €35,540 | +€3,880 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €36,387 | €46,550 | +€10,162 | +27.9% |
| Income taxes | 67/77 | €0 | €4,856 | +€4,856 | |
| Profit (loss) for the period | 9904 | €36,387 | €41,693 | +€5,306 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,387 | €41,693 | +€5,306 | +14.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.