VINTHEKA: 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.
VINTHEKA
Largest movements
- Receivables within one year +€9,512
up €9,512 (+3.5%), from €269,074 to €278,586
of which Trade receivables: +€8,933
- Stocks and contracts +€8,500
up €8,500 (+703.1%), from €1,209 to €9,709
- Other debts +€20,902
up €20,902 (+19.0%), from €109,957 to €130,859
- Advances received -€20,000
no longer reported in 2025 (was €20,000)
- Profit (loss) carried forward +€8,543
up €8,543 (+27.0%), from €31,644 to €40,187
- Trade debts +€5,012
up €5,012 (+9.9%), from €50,858 to €55,870
- Gross operating margin -€9,000
down €9,000 (-39.2%), from €22,976 to €13,976
- Depreciation -€5,000
no longer reported in 2025 (was €5,000)
- Other operating charges -€3,921
down €3,921 (-79.0%), from €4,963 to €1,042
- Taxes +€708
up €708 (+20.2%), from €3,500 to €4,208
- Financial charges -€299
down €299 (-62.0%), from €482 to €183
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 | €296,647 | €312,874 | +€16,227 | +5.5% |
| Fixed assets | 21/28 | €19,800 | €19,800 | = | 0.0% |
| Financial fixed assets | 28 | €19,800 | €19,800 | = | 0.0% |
| Current assets | 29/58 | €276,847 | €293,074 | +€16,227 | +5.9% |
| Stocks and contracts in progress | 3 | €1,209 | €9,709 | +€8,500 | +703.1% |
| Stocks | 30/36 | €1,209 | €9,709 | +€8,500 | +703.1% |
| Amounts receivable within one year | 40/41 | €269,074 | €278,586 | +€9,512 | +3.5% |
| Trade receivables | 40 | €71,020 | €79,953 | +€8,933 | +12.6% |
| Other amounts receivable | 41 | €198,054 | €198,633 | +€579 | +0.3% |
| Cash at bank and in hand | 54/58 | €6,564 | €4,779 | -€1,785 | -27.2% |
| Total equity and liabilities | 10/49 | €296,647 | €312,874 | +€16,227 | +5.5% |
| Equity | 10/15 | €106,012 | €114,555 | +€8,543 | +8.1% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,644 | €40,187 | +€8,543 | +27.0% |
| Amounts payable | 17/49 | €190,635 | €198,319 | +€7,684 | +4.0% |
| Amounts payable within one year | 42/48 | €190,635 | €198,319 | +€7,684 | +4.0% |
| Trade debts | 44 | €50,858 | €55,870 | +€5,012 | +9.9% |
| Suppliers | 440/4 | €50,858 | €55,870 | +€5,012 | +9.9% |
| Advances received on contracts in progress | 46 | €20,000 | - | -€20,000 | |
| Taxes, remuneration and social security | 45 | €9,820 | €11,590 | +€1,770 | +18.0% |
| Taxes | 450/3 | €9,820 | €11,590 | +€1,770 | +18.0% |
| Other amounts payable | 47/48 | €109,957 | €130,859 | +€20,902 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,000 | - | -€5,000 | |
| Other operating charges | 640/8 | €4,963 | €1,042 | -€3,921 | -79.0% |
| Gross operating margin | 9900 | €22,976 | €13,976 | -€9,000 | -39.2% |
| Operating profit (loss) | 9901 | €13,013 | €12,934 | -€79 | -0.6% |
| Financial charges | 65/66B | €482 | €183 | -€299 | -62.0% |
| Recurring financial charges | 65 | €482 | €183 | -€299 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | €12,531 | €12,751 | +€220 | +1.8% |
| Income taxes | 67/77 | €3,500 | €4,208 | +€708 | +20.2% |
| Profit (loss) for the period | 9904 | €9,031 | €8,543 | -€488 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,031 | €8,543 | -€488 | -5.4% |
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 29 September 2026 via checked.be.