VINTRYMAX: 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.
VINTRYMAX
Largest movements
- Tangible fixed assets -€35,952
down €35,952 (-8.4%), from €429,395 to €393,443
of which Land and buildings: -€21,700
- Cash +€22,266
up €22,266 (+40.3%), from €55,299 to €77,564
mainly Depreciation (+€36,365) and Net result for the year (+€29,874)
- Receivables within one year -€9,286
down €9,286 (-6.7%), from €138,820 to €129,534
of which Trade receivables: -€10,381
- Debts after one year -€42,941
down €42,941 (-11.0%), from €389,737 to €346,796
- Reserves +€29,874
up €29,874 (+17.5%), from €170,750 to €200,624
- Trade debts -€13,866
down €13,866 (-23.4%), from €59,289 to €45,423
- Gross operating margin -€5,468
down €5,468 (-5.2%), from €104,836 to €99,369
- Write-downs +€2,168
new in 2025: €2,168
- Financial charges -€1,672
down €1,672 (-8.3%), from €20,169 to €18,496
- Taxes -€1,425
down €1,425 (-10.9%), from €13,123 to €11,697
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €726,503 | €703,249 | -€23,254 | -3.2% |
| Fixed assets | 21/28 | €431,674 | €395,721 | -€35,952 | -8.3% |
| Intangible fixed assets | 21 | €2,000 | €2,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €429,395 | €393,443 | -€35,952 | -8.4% |
| Land and buildings | 22 | €382,455 | €360,754 | -€21,700 | -5.7% |
| Furniture and vehicles | 24 | €3,550 | €2,518 | -€1,032 | -29.1% |
| Leasing and similar rights | 25 | €43,391 | €30,171 | -€13,220 | -30.5% |
| Financial fixed assets | 28 | €279 | €279 | = | 0.0% |
| Current assets | 29/58 | €294,829 | €307,528 | +€12,699 | +4.3% |
| Stocks and contracts in progress | 3 | €97,560 | €95,861 | -€1,699 | -1.7% |
| Stocks | 30/36 | €97,560 | €95,861 | -€1,699 | -1.7% |
| Amounts receivable within one year | 40/41 | €138,820 | €129,534 | -€9,286 | -6.7% |
| Trade receivables | 40 | €129,743 | €119,362 | -€10,381 | -8.0% |
| Other amounts receivable | 41 | €9,077 | €10,172 | +€1,095 | +12.1% |
| Cash at bank and in hand | 54/58 | €55,299 | €77,564 | +€22,266 | +40.3% |
| Deferred charges and accrued income | 490/1 | €3,150 | €4,569 | +€1,418 | +45.0% |
| Total equity and liabilities | 10/49 | €726,503 | €703,249 | -€23,254 | -3.2% |
| Equity | 10/15 | €189,350 | €219,224 | +€29,874 | +15.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €170,750 | €200,624 | +€29,874 | +17.5% |
| Distributable reserves | 133 | €170,750 | €200,624 | +€29,874 | +17.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €537,153 | €484,025 | -€53,127 | -9.9% |
| Amounts payable after more than one year | 17 | €389,737 | €346,796 | -€42,941 | -11.0% |
| Financial debts | 170/4 | €389,737 | €346,796 | -€42,941 | -11.0% |
| Amounts payable within one year | 42/48 | €147,416 | €137,229 | -€10,187 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €42,418 | €44,191 | +€1,772 | +4.2% |
| Trade debts | 44 | €59,289 | €45,423 | -€13,866 | -23.4% |
| Suppliers | 440/4 | €59,289 | €45,423 | -€13,866 | -23.4% |
| Taxes, remuneration and social security | 45 | €671 | €22 | -€649 | -96.7% |
| Taxes | 450/3 | €671 | €22 | -€649 | -96.7% |
| Other amounts payable | 47/48 | €45,038 | €47,594 | +€2,556 | +5.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,301 | €36,365 | +€64 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,168 | +€2,168 | |
| Other operating charges | 640/8 | €5,261 | €5,049 | -€211 | -4.0% |
| Gross operating margin | 9900 | €104,836 | €99,369 | -€5,468 | -5.2% |
| Operating profit (loss) | 9901 | €63,274 | €55,787 | -€7,488 | -11.8% |
| Financial income | 75/76B | €4,578 | €4,280 | -€298 | -6.5% |
| Recurring financial income | 75 | €4,578 | €4,280 | -€298 | -6.5% |
| Financial charges | 65/66B | €20,169 | €18,496 | -€1,672 | -8.3% |
| Recurring financial charges | 65 | €20,169 | €18,496 | -€1,672 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €47,684 | €41,571 | -€6,113 | -12.8% |
| Income taxes | 67/77 | €13,123 | €11,697 | -€1,425 | -10.9% |
| Profit (loss) for the period | 9904 | €34,561 | €29,874 | -€4,688 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,561 | €29,874 | -€4,688 | -13.6% |
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 4 October 2026 via checked.be.