VINVENTIONS: 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.
What changed
VINVENTIONS
NACE 22.260, Manufacture of rubber and plastic products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€33.8m
2024 · -€499,784-€33.3m
Equity
€11.1m
2024 · €43.0m-€31.9m
Cash
€1.3m
2024 · €885,576+€447,524
Balance sheet total
€100.4m
2024 · €134.8m-€34.4m
Largest movements
Assets
- Financial fixed assets -€71.7m
down €71.7m (-73.1%), from €98.0m to €26.3m
of which Affiliated companies: -€71.7m
- Intangible fixed assets +€42.0m
up €42.0m (+1,393%), from €3.0m to €45.0m
- Receivables within one year -€4.2m
down €4.2m (-18.4%), from €22.8m to €18.6m
of which Trade receivables: -€5.5m
Equity and liabilities
- Profit (loss) carried forward -€33.8m
down €33.8m (-94.7%), from €35.7m to €1.9m
- Trade debts -€4.4m
down €4.4m (-19.5%), from €22.5m to €18.1m
- Debts after one year +€4.1m
up €4.1m (+8.0%), from €51.8m to €55.9m
- Accrued charges and deferred income -€2.0m
down €2.0m (-21.5%), from €9.4m to €7.4m
- Contributions +€1.9m
up €1.9m (+129%), from €1.5m to €3.4m
Income statement
- Financial charges +€30.3m
up €30.3m (+278%), from €10.9m to €41.2m
of which Non-recurring financial charges: +€28.1m
- Turnover -€7.4m
down €7.4m (-10.3%), from €72.2m to €64.8m
- Goods and materials -€6.2m
down €6.2m (-15.5%), from €40.3m to €34.1m
of which Purchases: -€7.2m
- Financial income -€5.1m
down €5.1m (-44.6%), from €11.4m to €6.3m
- Services and other goods -€3.9m
down €3.9m (-31.2%), from €12.5m to €8.6m
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.
Result 2024
-€499,784
Turnover
-€7.4m
Other operating income
-€75,992
Goods and materials
+€6.2m
Services and other goods
+€3.9m
Staff costs
+€368,886
Depreciation
-€2.1m
Write-downs
-€64,701
Provisions
+€263,962
Other operating charges
+€408,403
Other operating items
-€610,017
Financial income
-€5.1m
Financial charges
-€30.3m
Taxes
+€1.2m
Result 2025
-€33.8m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€31.3m
Investment
+€25.6m
Financing
+€6.1m
Cash 2024
€885,576
From operations (derived)
-€31.3m
Net result for the year
-€33.8m
Depreciation
+€3.8m
Stocks and contracts
+€1.2m
Receivables within one year
+€4.2m
Smaller working-capital items
-€22,675
Provisions
+€170,852
Trade debts
-€4.4m
Tax, wage and social debts
-€452,784
Accrued charges and deferred income
-€2.0m
Investment (derived)
+€25.6m
Investment in fixed assets (net)
+€25.6m
Financing
+€6.1m
Debts after one year
+€4.1m
Current portion of long-term debt
+€20,067
Contributions, distributions and other
+€1.9m
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,785,840 | €100,406,292 | -€34.4m | -25.5% |
| Fixed assets | 21/28 | €104,346,995 | €74,867,475 | -€29.5m | -28.3% |
| Intangible fixed assets | 21 | €3,012,991 | €44,997,974 | +€42.0m | +1,393% |
| Tangible fixed assets | 22/27 | €3,349,507 | €3,543,126 | +€193,618 | +5.8% |
| Land and buildings | 22 | €231,070 | €306,541 | +€75,471 | +32.7% |
| Plant, machinery and equipment | 23 | €2,203,123 | €2,142,061 | -€61,062 | -2.8% |
| Furniture and vehicles | 24 | €235,466 | €260,448 | +€24,982 | +10.6% |
| Leasing and similar rights | 25 | €515,842 | €515,842 | = | 0.0% |
| Assets under construction and advance payments | 27 | €164,007 | €318,234 | +€154,227 | +94.0% |
| Financial fixed assets | 28 | €97,984,496 | €26,326,375 | -€71.7m | -73.1% |
| Affiliated companies | 280/1 | €96,924,042 | €25,266,210 | -€71.7m | -73.9% |
| Participating interests | 280 | €6,948,878 | €6,948,878 | = | 0.0% |
| Amounts receivable | 281 | €89,975,164 | €18,317,332 | -€71.7m | -79.6% |
| Companies linked by participating interests | 282/3 | €1,056,000 | €1,056,000 | = | 0.0% |
| Participating interests | 282 | €1,056,000 | €1,056,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €4,454 | €4,165 | -€289 | -6.5% |
| Amounts receivable and cash guarantees | 285/8 | €4,454 | €4,165 | -€289 | -6.5% |
| Current assets | 29/58 | €30,438,845 | €25,538,817 | -€4.9m | -16.1% |
| Stocks and contracts in progress | 3 | €6,690,631 | €5,513,678 | -€1.2m | -17.6% |
| Stocks | 30/36 | €6,690,631 | €5,513,678 | -€1.2m | -17.6% |
| Raw materials and consumables | 30/31 | €2,970,146 | €2,503,524 | -€466,622 | -15.7% |
| Work in progress | 32 | €1,918,601 | €1,690,602 | -€228,000 | -11.9% |
| Finished goods | 33 | €1,801,884 | €1,319,552 | -€482,331 | -26.8% |
| Amounts receivable within one year | 40/41 | €22,760,828 | €18,567,797 | -€4.2m | -18.4% |
| Trade receivables | 40 | €21,012,697 | €15,473,200 | -€5.5m | -26.4% |
| Other amounts receivable | 41 | €1,748,131 | €3,094,597 | +€1.3m | +77.0% |
| Cash at bank and in hand | 54/58 | €885,576 | €1,333,100 | +€447,524 | +50.5% |
| Deferred charges and accrued income | 490/1 | €101,809 | €124,242 | +€22,433 | +22.0% |
| Total equity and liabilities | 10/49 | €134,785,840 | €100,406,292 | -€34.4m | -25.5% |
| Equity | 10/15 | €42,995,495 | €11,124,754 | -€31.9m | -74.1% |
| Contributions | 10/11 | €1,497,667 | €3,430,044 | +€1.9m | +129% |
| Capital | 10 | €1,497,667 | €3,430,044 | +€1.9m | +129% |
| Issued capital | 100 | €1,497,667 | €3,430,044 | +€1.9m | +129% |
| Reserves | 13 | €5,785,095 | €5,785,095 | = | 0.0% |
| Non-distributable reserves | 130/1 | €149,767 | €149,767 | = | 0.0% |
| Legal reserve | 130 | €149,767 | €149,767 | = | 0.0% |
| Distributable reserves | 133 | €5,635,328 | €5,635,328 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,702,224 | €1,903,000 | -€33.8m | -94.7% |
| Investment grants | 15 | €10,509 | €6,615 | -€3,894 | -37.1% |
| Provisions and deferred taxes | 16 | €103,672 | €274,524 | +€170,852 | +165% |
| Provisions for liabilities and charges | 160/5 | €103,672 | €274,524 | +€170,852 | +165% |
| Pensions and similar obligations | 160 | €13,672 | €210,950 | +€197,278 | +1,443% |
| Other liabilities and charges | 164/5 | €90,000 | €63,574 | -€26,426 | -29.4% |
| Amounts payable | 17/49 | €91,686,674 | €89,007,013 | -€2.7m | -2.9% |
| Amounts payable after more than one year | 17 | €51,773,604 | €55,915,311 | +€4.1m | +8.0% |
| Financial debts | 170/4 | €51,773,604 | €55,915,311 | +€4.1m | +8.0% |
| Leasing and similar obligations | 172 | €2,263,580 | €1,887,746 | -€375,834 | -16.6% |
| Other loans | 174 | €49,510,024 | €54,027,564 | +€4.5m | +9.1% |
| Amounts payable within one year | 42/48 | €30,552,583 | €25,740,436 | -€4.8m | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €355,767 | €375,834 | +€20,067 | +5.6% |
| Trade debts | 44 | €22,502,123 | €18,122,936 | -€4.4m | -19.5% |
| Suppliers | 440/4 | €22,502,123 | €18,122,936 | -€4.4m | -19.5% |
| Advances received on contracts in progress | 46 | €155,147 | €154,906 | -€242 | -0.2% |
| Taxes, remuneration and social security | 45 | €7,539,545 | €7,086,760 | -€452,784 | -6.0% |
| Taxes | 450/3 | €4,170,114 | €4,617,865 | +€447,751 | +10.7% |
| Remuneration and social security | 454/9 | €3,369,431 | €2,468,895 | -€900,536 | -26.7% |
| Accrued charges and deferred income | 492/3 | €9,360,487 | €7,351,266 | -€2.0m | -21.5% |
| Operating income | 70/76A | €74,913,407 | €66,815,469 | -€8.1m | -10.8% |
| Turnover | 70 | €72,177,413 | €64,765,485 | -€7.4m | -10.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€100,314 | -€710,331 | -€610,017 | -608% |
| Other operating income | 74 | €2,836,307 | €2,760,315 | -€75,992 | -2.7% |
| Operating charges | 60/66A | €74,464,373 | €65,505,667 | -€9.0m | -12.0% |
| Goods for resale, raw materials and consumables | 60 | €40,336,772 | €34,100,123 | -€6.2m | -15.5% |
| Purchases | 600/8 | €40,788,086 | €33,633,501 | -€7.2m | -17.5% |
| Change in stocks: decrease (increase) | 609 | -€451,314 | €466,622 | +€917,936 | |
| Services and other goods | 61 | €12,462,316 | €8,571,122 | -€3.9m | -31.2% |
| Remuneration, social security and pensions | 62 | €18,073,471 | €17,704,585 | -€368,886 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,689,527 | €3,835,213 | +€2.1m | +127% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €64,701 | +€64,701 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €21,771 | -€242,191 | -€263,962 | |
| Other operating charges | 640/8 | €1,880,516 | €1,472,113 | -€408,403 | -21.7% |
| Operating profit (loss) | 9901 | €449,034 | €1,309,803 | +€860,769 | +192% |
| Financial income | 75/76B | €11,359,182 | €6,296,553 | -€5.1m | -44.6% |
| Recurring financial income | 75 | €11,359,182 | €6,296,553 | -€5.1m | -44.6% |
| Income from financial fixed assets | 750 | €11,288,231 | €6,292,659 | -€5.0m | -44.3% |
| Income from current assets | 751 | €1,114 | - | -€1,114 | |
| Other financial income | 752/9 | €69,837 | €3,894 | -€65,944 | -94.4% |
| Financial charges | 65/66B | €10,904,507 | €41,199,766 | +€30.3m | +278% |
| Recurring financial charges | 65 | €7,499,171 | €9,710,671 | +€2.2m | +29.5% |
| Debt charges | 650 | €7,374,267 | €5,860,765 | -€1.5m | -20.5% |
| Other financial charges | 652/9 | €124,903 | €3,849,906 | +€3.7m | +2,982% |
| Non-recurring financial charges | 66B | €3,405,336 | €31,489,095 | +€28.1m | +825% |
| Profit (loss) for the period before taxes | 9903 | €903,709 | -€33,593,410 | -€34.5m | |
| Income taxes | 67/77 | €1,403,494 | €205,813 | -€1.2m | -85.3% |
| Taxes | 670/3 | €1,403,494 | €205,813 | -€1.2m | -85.3% |
| Profit (loss) for the period | 9904 | -€499,784 | -€33,799,224 | -€33.3m | -6,663% |
| Profit (loss) for the period to be appropriated | 9905 | -€499,784 | -€33,799,224 | -€33.3m | -6,663% |
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 25 October 2026 via checked.be.