VINTOR: 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.
VINTOR
Largest movements
- Tangible fixed assets +€2.2m
up €2.2m (+179%), from €1.2m to €3.4m
of which Land and buildings: +€2.2m
- Financial fixed assets -€628,000
down €628,000 (-98.5%), from €637,540 to €9,540
- Intangible fixed assets +€248,360
new in 2025: €248,360
- Revaluation surpluses +€1.6m
new in 2025: €1.6m
- Debts after one year +€492,654
up €492,654 (+44.0%), from €1.1m to €1.6m
- Reserves -€210,414
down €210,414 (-58.4%), from €360,129 to €149,715
- Tax, wage and social debts -€43,092
down €43,092 (-80.4%), from €53,594 to €10,503
- Gross operating margin -€89,607
down €89,607 (-30.0%), from €298,888 to €209,280
- Other operating charges +€68,199
up €68,199 (+292%), from €23,349 to €91,548
- Taxes -€44,714
down €44,714 (-98.1%), from €45,594 to €880
- Depreciation +€14,466
up €14,466 (+20.7%), from €69,829 to €84,296
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 | €1,891,779 | €3,735,168 | +€1.8m | +97.4% |
| Fixed assets | 21/28 | €1,871,769 | €3,700,989 | +€1.8m | +97.7% |
| Intangible fixed assets | 21 | - | €248,360 | +€248,360 | |
| Tangible fixed assets | 22/27 | €1,234,229 | €3,443,089 | +€2.2m | +179% |
| Land and buildings | 22 | €1,070,448 | €3,302,384 | +€2.2m | +209% |
| Plant, machinery and equipment | 23 | €2,618 | €5,938 | +€3,320 | +127% |
| Furniture and vehicles | 24 | €9,000 | €7,470 | -€1,530 | -17.0% |
| Other tangible fixed assets | 26 | €152,162 | €127,297 | -€24,865 | -16.3% |
| Financial fixed assets | 28 | €637,540 | €9,540 | -€628,000 | -98.5% |
| Current assets | 29/58 | €20,010 | €34,178 | +€14,168 | +70.8% |
| Amounts receivable within one year | 40/41 | - | €18,720 | +€18,720 | |
| Other amounts receivable | 41 | - | €18,720 | +€18,720 | |
| Current investments | 50/53 | €3,500 | €3,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €114 | €2,160 | +€2,046 | +1,798% |
| Deferred charges and accrued income | 490/1 | €16,397 | €9,799 | -€6,598 | -40.2% |
| Total equity and liabilities | 10/49 | €1,891,779 | €3,735,168 | +€1.8m | +97.4% |
| Equity | 10/15 | €428,729 | €1,778,315 | +€1.3m | +315% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,560,000 | +€1.6m | |
| Reserves | 13 | €360,129 | €149,715 | -€210,414 | -58.4% |
| Distributable reserves | 133 | €360,129 | €149,715 | -€210,414 | -58.4% |
| Amounts payable | 17/49 | €1,463,050 | €1,956,853 | +€493,803 | +33.8% |
| Amounts payable after more than one year | 17 | €1,119,647 | €1,612,300 | +€492,654 | +44.0% |
| Financial debts | 170/4 | €1,119,647 | €1,612,300 | +€492,654 | +44.0% |
| Amounts payable within one year | 42/48 | €327,084 | €314,839 | -€12,244 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €154,517 | €183,276 | +€28,759 | +18.6% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €8,174 | €27,100 | +€18,926 | +232% |
| Suppliers | 440/4 | €8,174 | €27,100 | +€18,926 | +232% |
| Taxes, remuneration and social security | 45 | €53,594 | €10,503 | -€43,092 | -80.4% |
| Taxes | 450/3 | €53,594 | €10,503 | -€43,092 | -80.4% |
| Other amounts payable | 47/48 | €60,798 | €43,961 | -€16,837 | -27.7% |
| Accrued charges and deferred income | 492/3 | €16,320 | €29,713 | +€13,393 | +82.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,829 | €84,296 | +€14,466 | +20.7% |
| Other operating charges | 640/8 | €23,349 | €91,548 | +€68,199 | +292% |
| Non-recurring operating charges | 66A | - | €203,740 | +€203,740 | |
| Gross operating margin | 9900 | €298,888 | €209,280 | -€89,607 | -30.0% |
| Operating profit (loss) | 9901 | €205,710 | -€170,303 | -€376,013 | |
| Financial charges | 65/66B | €36,514 | €39,230 | +€2,716 | +7.4% |
| Recurring financial charges | 65 | €36,514 | €39,230 | +€2,716 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €169,196 | -€209,533 | -€378,729 | |
| Income taxes | 67/77 | €45,594 | €880 | -€44,714 | -98.1% |
| Profit (loss) for the period | 9904 | €123,602 | -€210,414 | -€334,015 | |
| Profit (loss) for the period to be appropriated | 9905 | €123,602 | -€210,414 | -€334,015 |
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 17 October 2026 via checked.be.