VINTAGE STEALS: what changed
VINTAGE STEALS
Largest movements
- Cash +€9,800
up €9,800 (+441%), from €2,221 to €12,020
mainly Depreciation (+€8,654) and Net result for the year (+€8,035)
- Tangible fixed assets -€7,462
down €7,462 (-25.1%), from €29,672 to €22,210
of which Plant, machinery and equipment: -€7,462
- Receivables within one year -€4,440
down €4,440 (-28.9%), from €15,365 to €10,925
of which Trade receivables: -€4,043
- Other debts -€11,527
down €11,527 (-51.0%), from €22,620 to €11,092
- Profit (loss) carried forward +€8,035
up €8,035 (+3,458%), from €232 to €8,267
- Advances received -€4,610
down €4,610 (-100%), from €4,610 to €0
- Tax, wage and social debts +€3,792
up €3,792 (+64.2%), from €5,904 to €9,696
- Trade debts +€2,498
up €2,498 (+119%), from €2,104 to €4,602
- Gross operating margin +€7,029
up €7,029 (+44.6%), from €15,761 to €22,790
- Taxes +€1,346
up €1,346 (+151%), from €894 to €2,239
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 | €84,060 | €81,958 | -€2,102 | -2.5% |
| Fixed assets | 21/28 | €37,172 | €29,710 | -€7,462 | -20.1% |
| Tangible fixed assets | 22/27 | €29,672 | €22,210 | -€7,462 | -25.1% |
| Plant, machinery and equipment | 23 | €29,672 | €22,210 | -€7,462 | -25.1% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €46,888 | €52,248 | +€5,360 | +11.4% |
| Stocks and contracts in progress | 3 | €29,287 | €29,287 | = | 0.0% |
| Stocks | 30/36 | €29,287 | €29,287 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,365 | €10,925 | -€4,440 | -28.9% |
| Trade receivables | 40 | €14,758 | €10,715 | -€4,043 | -27.4% |
| Other amounts receivable | 41 | €607 | €210 | -€397 | -65.4% |
| Cash at bank and in hand | 54/58 | €2,221 | €12,020 | +€9,800 | +441% |
| Deferred charges and accrued income | 490/1 | €16 | €16 | +€0 | +3.1% |
| Total equity and liabilities | 10/49 | €84,060 | €81,958 | -€2,102 | -2.5% |
| Equity | 10/15 | €33,532 | €41,567 | +€8,035 | +24.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €13,300 | €13,300 | = | 0.0% |
| Distributable reserves | 133 | €13,300 | €13,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €232 | €8,267 | +€8,035 | +3,458% |
| Amounts payable | 17/49 | €50,528 | €40,390 | -€10,137 | -20.1% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 170/4 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €35,528 | €25,390 | -€10,137 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €290 | €0 | -€290 | -100% |
| Trade debts | 44 | €2,104 | €4,602 | +€2,498 | +119% |
| Suppliers | 440/4 | €2,104 | €4,602 | +€2,498 | +119% |
| Advances received on contracts in progress | 46 | €4,610 | €0 | -€4,610 | -100% |
| Taxes, remuneration and social security | 45 | €5,904 | €9,696 | +€3,792 | +64.2% |
| Taxes | 450/3 | €5,904 | €9,696 | +€3,792 | +64.2% |
| Other amounts payable | 47/48 | €22,620 | €11,092 | -€11,527 | -51.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,529 | €8,654 | +€125 | +1.5% |
| Other operating charges | 640/8 | €3,212 | €3,090 | -€122 | -3.8% |
| Gross operating margin | 9900 | €15,761 | €22,790 | +€7,029 | +44.6% |
| Operating profit (loss) | 9901 | €4,020 | €11,046 | +€7,026 | +175% |
| Financial income | 75/76B | €13 | €9 | -€3 | -27.5% |
| Recurring financial income | 75 | €13 | €9 | -€3 | -27.5% |
| Financial charges | 65/66B | €680 | €780 | +€100 | +14.7% |
| Recurring financial charges | 65 | €680 | €780 | +€100 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €3,352 | €10,274 | +€6,922 | +206% |
| Income taxes | 67/77 | €894 | €2,239 | +€1,346 | +151% |
| Profit (loss) for the period | 9904 | €2,459 | €8,035 | +€5,576 | +227% |
| Profit (loss) for the period to be appropriated | 9905 | €2,459 | €8,035 | +€5,576 | +227% |
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 3 November 2026 via checked.be.