Vintology: what changed
Two financial 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.
Vintology
Largest movements
- Receivables within one year -€98,686
down €98,686 (-39.0%), from €253,107 to €154,422
- Stocks and contracts +€84,792
up €84,792 (+31.4%), from €269,695 to €354,487
- Cash +€17,505
up €17,505 (+18.9%), from €92,752 to €110,257
mainly Net result for the year (+€101,469) and Receivables within one year (+€98,686)
- Trade debts +€21,222
up €21,222 (+8.4%), from €252,328 to €273,550
- Accrued charges and deferred income -€11,855
down €11,855 (-18.5%), from €64,080 to €52,226
- Tax, wage and social debts -€7,308
down €7,308 (-9.0%), from €80,836 to €73,529
- Gross operating margin -€120,047
down €120,047 (-53.3%), from €225,216 to €105,169
- Taxes -€24,594
down €24,594 (-94.6%), from €25,994 to €1,400
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.
Derived cash bridge
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 | €620,740 | €624,269 | +€3,529 | +0.6% |
| Fixed assets | 21/28 | €4,004 | €3,920 | -€84 | -2.1% |
| Intangible fixed assets | 21 | €4,004 | €3,004 | -€1,000 | -25.0% |
| Tangible fixed assets | 22/27 | - | €916 | +€916 | |
| Furniture and vehicles | 24 | - | €916 | +€916 | |
| Current assets | 29/58 | €616,736 | €620,349 | +€3,613 | +0.6% |
| Stocks and contracts in progress | 3 | €269,695 | €354,487 | +€84,792 | +31.4% |
| Stocks | 30/36 | €269,695 | €354,487 | +€84,792 | +31.4% |
| Amounts receivable within one year | 40/41 | €253,107 | €154,422 | -€98,686 | -39.0% |
| Trade receivables | 40 | €253,107 | €154,422 | -€98,686 | -39.0% |
| Cash at bank and in hand | 54/58 | €92,752 | €110,257 | +€17,505 | +18.9% |
| Deferred charges and accrued income | 490/1 | €1,182 | €1,183 | +€1 | +0.1% |
| Total equity and liabilities | 10/49 | €620,740 | €624,269 | +€3,529 | +0.6% |
| Equity | 10/15 | €123,495 | €124,964 | +€1,469 | +1.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,495 | €114,964 | +€1,469 | +1.3% |
| Amounts payable | 17/49 | €497,245 | €499,305 | +€2,060 | +0.4% |
| Amounts payable within one year | 42/48 | €433,165 | €447,079 | +€13,914 | +3.2% |
| Trade debts | 44 | €252,328 | €273,550 | +€21,222 | +8.4% |
| Suppliers | 440/4 | €252,328 | €273,550 | +€21,222 | +8.4% |
| Taxes, remuneration and social security | 45 | €80,836 | €73,529 | -€7,308 | -9.0% |
| Taxes | 450/3 | €80,836 | €73,529 | -€7,308 | -9.0% |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €64,080 | €52,226 | -€11,855 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €895 | €1,287 | +€392 | +43.8% |
| Other operating charges | 640/8 | - | €720 | +€720 | |
| Gross operating margin | 9900 | €225,216 | €105,169 | -€120,047 | -53.3% |
| Operating profit (loss) | 9901 | €224,322 | €103,162 | -€121,159 | -54.0% |
| Financial income | 75/76B | €49 | €60 | +€11 | +22.4% |
| Recurring financial income | 75 | €49 | €60 | +€11 | +22.4% |
| Financial charges | 65/66B | €232 | €353 | +€122 | +52.5% |
| Recurring financial charges | 65 | €232 | €353 | +€122 | +52.5% |
| Profit (loss) for the period before taxes | 9903 | €224,139 | €102,869 | -€121,270 | -54.1% |
| Income taxes | 67/77 | €25,994 | €1,400 | -€24,594 | -94.6% |
| Profit (loss) for the period | 9904 | €198,145 | €101,469 | -€96,675 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €198,145 | €101,469 | -€96,675 | -48.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.