VINTIMAGE: 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.
VINTIMAGE
Largest movements
- Stocks and contracts +€184,564
up €184,564 (+48.9%), from €377,413 to €561,976
- Cash -€27,086
down €27,086 (-39.9%), from €67,965 to €40,879
mainly Stocks and contracts (-€184,564) and Net result for the year (-€115,441)
- Other debts +€388,519
up €388,519 (+500.1%), from €77,683 to €466,202
- Profit (loss) carried forward -€99,001
down €99,001 (-48.1%), from €205,903 to €106,902
- Tax, wage and social debts -€48,668
down €48,668 (-98.7%), from €49,311 to €643
- Accrued charges and deferred income -€42,500
no longer reported in 2025 (was €42,500)
- Gross operating margin -€79,181
down €79,181 (-97.4%), from €81,297 to €2,115
- Depreciation +€16,570
up €16,570 (+23.7%), from €69,980 to €86,550
- Other operating charges +€4,427
up €4,427 (+37.3%), from €11,882 to €16,309
- Taxes -€2,391
down €2,391 (-78.8%), from €3,034 to €643
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 | €1,962,822 | €2,133,977 | +€171,155 | +8.7% |
| Fixed assets | 21/28 | €1,480,380 | €1,494,761 | +€14,381 | +1.0% |
| Tangible fixed assets | 22/27 | €1,480,380 | €1,494,761 | +€14,381 | +1.0% |
| Land and buildings | 22 | €1,459,383 | €1,396,051 | -€63,332 | -4.3% |
| Plant, machinery and equipment | 23 | €3,526 | €2,830 | -€696 | -19.7% |
| Furniture and vehicles | 24 | €17,471 | €95,880 | +€78,409 | +448.8% |
| Current assets | 29/58 | €482,443 | €639,217 | +€156,774 | +32.5% |
| Stocks and contracts in progress | 3 | €377,413 | €561,976 | +€184,564 | +48.9% |
| Stocks | 30/36 | €377,413 | €561,976 | +€184,564 | +48.9% |
| Amounts receivable within one year | 40/41 | €32,466 | €26,966 | -€5,500 | -16.9% |
| Trade receivables | 40 | €5,500 | - | -€5,500 | |
| Other amounts receivable | 41 | €26,966 | €26,966 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,965 | €40,879 | -€27,086 | -39.9% |
| Deferred charges and accrued income | 490/1 | €4,599 | €9,395 | +€4,796 | +104.3% |
| Total equity and liabilities | 10/49 | €1,962,822 | €2,133,977 | +€171,155 | +8.7% |
| Equity | 10/15 | €507,356 | €391,915 | -€115,441 | -22.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €239,453 | €223,012 | -€16,440 | -6.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €233,253 | €216,812 | -€16,440 | -7.0% |
| Profit (loss) carried forward | 14 | €205,903 | €106,902 | -€99,001 | -48.1% |
| Provisions and deferred taxes | 16 | €77,751 | €72,271 | -€5,480 | -7.0% |
| Deferred taxes | 168 | €77,751 | €72,271 | -€5,480 | -7.0% |
| Amounts payable | 17/49 | €1,377,716 | €1,669,792 | +€292,076 | +21.2% |
| Amounts payable after more than one year | 17 | €1,124,275 | €1,111,664 | -€12,610 | -1.1% |
| Financial debts | 170/4 | €1,124,275 | €1,111,664 | -€12,610 | -1.1% |
| Amounts payable within one year | 42/48 | €210,941 | €558,128 | +€347,186 | +164.6% |
| Current portion of amounts payable after more than one year | 42 | €67,654 | €83,777 | +€16,123 | +23.8% |
| Trade debts | 44 | €16,294 | €7,506 | -€8,788 | -53.9% |
| Suppliers | 440/4 | €16,294 | €7,506 | -€8,788 | -53.9% |
| Taxes, remuneration and social security | 45 | €49,311 | €643 | -€48,668 | -98.7% |
| Taxes | 450/3 | €49,311 | €643 | -€48,668 | -98.7% |
| Other amounts payable | 47/48 | €77,683 | €466,202 | +€388,519 | +500.1% |
| Accrued charges and deferred income | 492/3 | €42,500 | - | -€42,500 | |
| Non-recurring operating income | 76A | €744 | - | -€744 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,980 | €86,550 | +€16,570 | +23.7% |
| Other operating charges | 640/8 | €11,882 | €16,309 | +€4,427 | +37.3% |
| Gross operating margin | 9900 | €81,297 | €2,115 | -€79,181 | -97.4% |
| Operating profit (loss) | 9901 | -€565 | -€100,743 | -€100,178 | -17721.2% |
| Financial income | 75/76B | €77 | - | -€77 | |
| Recurring financial income | 75 | €77 | - | -€77 | |
| Financial charges | 65/66B | €19,063 | €19,535 | +€472 | +2.5% |
| Recurring financial charges | 65 | €19,063 | €19,535 | +€472 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | -€19,552 | -€120,278 | -€100,727 | -515.2% |
| Transfer from deferred taxes | 780 | €16,440 | €5,480 | -€10,960 | -66.7% |
| Income taxes | 67/77 | €3,034 | €643 | -€2,391 | -78.8% |
| Profit (loss) for the period | 9904 | -€6,145 | -€115,441 | -€109,296 | -1778.7% |
| Transfer from tax-exempt reserves | 789 | €5,480 | €16,440 | +€10,960 | +200.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€665 | -€99,001 | -€98,336 | -14794.9% |
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 2 October 2026 via checked.be.