VINTERRA: 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.
VINTERRA
Largest movements
- Stocks and contracts -€35,636
down €35,636 (-85.0%), from €41,928 to €6,291
- Receivables within one year -€22,018
down €22,018 (-93.5%), from €23,541 to €1,522
of which Trade receivables: -€22,513
- Tangible fixed assets -€15,288
down €15,288 (-3.3%), from €459,431 to €444,143
- Short-term financial debts +€403,732
up €403,732 (+2978.4%), from €13,555 to €417,287
- Debts after one year -€347,377
down €347,377 (-56.4%), from €615,666 to €268,289
of which Financial debts: -€345,935
- Profit (loss) carried forward -€55,292
down €55,292 (-17.7%), from -€312,284 to -€367,576
- Tax, wage and social debts -€38,113
down €38,113 (-73.9%), from €51,605 to €13,492
of which Taxes: -€21,837
- Current portion of long-term debt -€32,528
down €32,528 (-100.0%), from €32,528 to €0
- Gross operating margin -€117,148
down €117,148, from €114,341 to -€2,807
- Staff costs -€76,957
down €76,957 (-86.3%), from €89,223 to €12,266
- Other operating charges -€29,505
down €29,505 (-86.9%), from €33,969 to €4,464
- Financial charges -€1,984
down €1,984 (-11.3%), from €17,558 to €15,574
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 | €570,913 | €492,061 | -€78,852 | -13.8% |
| Formation expenses | 20 | €42,845 | €38,084 | -€4,761 | -11.1% |
| Fixed assets | 21/28 | €460,781 | €444,393 | -€16,388 | -3.6% |
| Tangible fixed assets | 22/27 | €459,431 | €444,143 | -€15,288 | -3.3% |
| Land and buildings | 22 | €459,431 | €444,143 | -€15,288 | -3.3% |
| Financial fixed assets | 28 | €1,350 | €250 | -€1,100 | -81.5% |
| Current assets | 29/58 | €67,287 | €9,584 | -€57,703 | -85.8% |
| Stocks and contracts in progress | 3 | €41,928 | €6,291 | -€35,636 | -85.0% |
| Stocks | 30/36 | €41,928 | €6,291 | -€35,636 | -85.0% |
| Amounts receivable within one year | 40/41 | €23,541 | €1,522 | -€22,018 | -93.5% |
| Trade receivables | 40 | €23,541 | €1,028 | -€22,513 | -95.6% |
| Other amounts receivable | 41 | - | €494 | +€494 | |
| Cash at bank and in hand | 54/58 | €1,819 | €1,770 | -€48 | -2.7% |
| Total equity and liabilities | 10/49 | €570,913 | €492,061 | -€78,852 | -13.8% |
| Equity | 10/15 | -€163,425 | -€218,717 | -€55,292 | -33.8% |
| Contributions | 10/11 | €147,000 | €147,000 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€312,284 | -€367,576 | -€55,292 | -17.7% |
| Amounts payable | 17/49 | €734,338 | €710,778 | -€23,561 | -3.2% |
| Amounts payable after more than one year | 17 | €615,666 | €268,289 | -€347,377 | -56.4% |
| Financial debts | 170/4 | €345,935 | €0 | -€345,935 | -100.0% |
| Other amounts payable | 178/9 | €269,732 | €268,289 | -€1,442 | -0.5% |
| Amounts payable within one year | 42/48 | €118,285 | €442,488 | +€324,204 | +274.1% |
| Current portion of amounts payable after more than one year | 42 | €32,528 | €0 | -€32,528 | -100.0% |
| Financial debts | 43 | €13,555 | €417,287 | +€403,732 | +2978.4% |
| Credit institutions | 430/8 | €13,555 | €417,287 | +€403,732 | +2978.4% |
| Trade debts | 44 | €20,596 | €11,710 | -€8,887 | -43.1% |
| Suppliers | 440/4 | €20,596 | €11,710 | -€8,887 | -43.1% |
| Taxes, remuneration and social security | 45 | €51,605 | €13,492 | -€38,113 | -73.9% |
| Taxes | 450/3 | €23,437 | €1,600 | -€21,837 | -93.2% |
| Remuneration and social security | 454/9 | €28,168 | €11,892 | -€16,276 | -57.8% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100.0% |
| Remuneration, social security and pensions | 62 | €89,223 | €12,266 | -€76,957 | -86.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,049 | €20,049 | = | 0.0% |
| Other operating charges | 640/8 | €33,969 | €4,464 | -€29,505 | -86.9% |
| Gross operating margin | 9900 | €114,341 | -€2,807 | -€117,148 | |
| Operating profit (loss) | 9901 | -€28,900 | -€39,586 | -€10,686 | -37.0% |
| Financial income | 75/76B | €170 | €44 | -€126 | -73.8% |
| Recurring financial income | 75 | €170 | €44 | -€126 | -73.8% |
| Financial charges | 65/66B | €17,558 | €15,574 | -€1,984 | -11.3% |
| Recurring financial charges | 65 | €17,558 | €15,574 | -€1,984 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€46,287 | -€55,115 | -€8,828 | -19.1% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€46,462 | -€55,292 | -€8,830 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,462 | -€55,292 | -€8,830 | -19.0% |
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 30 September 2026 via checked.be.