VINTERNO: what changed
Two fiscal 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.
VINTERNO
Largest movements
- Cash +€36,615
up €36,615 (+32.0%), from €114,350 to €150,965
mainly Stocks and contracts (+€33,965) and Net result for the year (+€16,251)
- Stocks and contracts -€33,965
no longer reported in 2025 (was €33,965)
- Receivables within one year +€3,025
new in 2025: €3,025
- Reserves +€16,251
up €16,251 (+51.9%), from €31,309 to €47,559
of which Distributable reserves: +€16,251
- Accrued charges and deferred income -€14,000
no longer reported in 2025 (was €14,000)
- Tax, wage and social debts +€3,425
up €3,425 (+113.9%), from €3,007 to €6,431
- Purchases and services -€11,532
down €11,532 (-35.7%), from €32,314 to €20,782
- Gross operating margin +€7,928
up €7,928 (+82.4%), from €9,620 to €17,548
- Turnover -€3,604
down €3,604 (-8.6%), from €41,935 to €38,331
- Taxes +€3,169
up €3,169 (+105.3%), from €3,009 to €6,178
- Write-downs -€2,500
down €2,500 (-100.0%), from -€2,500 to -€5,000
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 | €148,315 | €153,990 | +€5,675 | +3.8% |
| Current assets | 29/58 | €148,315 | €153,990 | +€5,675 | +3.8% |
| Stocks and contracts in progress | 3 | €33,965 | - | -€33,965 | |
| Stocks | 30/36 | €33,965 | - | -€33,965 | |
| Amounts receivable within one year | 40/41 | - | €3,025 | +€3,025 | |
| Trade receivables | 40 | - | €3,025 | +€3,025 | |
| Cash at bank and in hand | 54/58 | €114,350 | €150,965 | +€36,615 | +32.0% |
| Total equity and liabilities | 10/49 | €148,315 | €153,990 | +€5,675 | +3.8% |
| Equity | 10/15 | €131,309 | €147,559 | +€16,251 | +12.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €31,309 | €47,559 | +€16,251 | +51.9% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €21,309 | €37,559 | +€16,251 | +76.3% |
| Amounts payable | 17/49 | €17,007 | €6,431 | -€10,576 | -62.2% |
| Amounts payable within one year | 42/48 | €3,007 | €6,431 | +€3,425 | +113.9% |
| Taxes, remuneration and social security | 45 | €3,007 | €6,431 | +€3,425 | +113.9% |
| Taxes | 450/3 | €3,007 | €6,431 | +€3,425 | +113.9% |
| Accrued charges and deferred income | 492/3 | €14,000 | - | -€14,000 | |
| Turnover | 70 | €41,935 | €38,331 | -€3,604 | -8.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €32,314 | €20,782 | -€11,532 | -35.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,500 | -€5,000 | -€2,500 | -100.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €9,620 | €17,548 | +€7,928 | +82.4% |
| Operating profit (loss) | 9901 | €12,002 | €22,428 | +€10,426 | +86.9% |
| Profit (loss) for the period before taxes | 9903 | €12,002 | €22,428 | +€10,426 | +86.9% |
| Income taxes | 67/77 | €3,009 | €6,178 | +€3,169 | +105.3% |
| Profit (loss) for the period | 9904 | €8,993 | €16,251 | +€7,258 | +80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,993 | €16,251 | +€7,258 | +80.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.