VINVINO: 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.
VINVINO
Largest movements
- Cash +€25,939
up €25,939 (+62.0%), from €41,817 to €67,757
mainly Net result for the year (+€18,658) and Stocks and contracts (+€17,458)
- Stocks and contracts -€17,458
down €17,458 (-16.1%), from €108,207 to €90,749
- Other debts -€18,720
down €18,720 (-45.8%), from €40,895 to €22,175
- Reserves +€18,658
up €18,658 (+132%), from €14,134 to €32,793
of which Distributable reserves: +€18,658
- Accrued charges and deferred income +€8,569
up €8,569 (+1,941%), from €441 to €9,010
- Current portion of long-term debt +€3,648
up €3,648 (+50.7%), from €7,191 to €10,838
- Tax, wage and social debts -€2,380
down €2,380 (-5.3%), from €45,289 to €42,908
- Gross operating margin +€24,707
up €24,707 (+92.7%), from €26,655 to €51,362
- Taxes +€11,140
up €11,140 (+344%), from €3,239 to €14,379
- Other operating charges -€1,268
down €1,268 (-13.5%), from €9,396 to €8,128
- Financial charges +€664
up €664 (+13.2%), from €5,046 to €5,710
- Depreciation -€643
down €643 (-12.5%), from €5,141 to €4,498
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 | €188,565 | €196,322 | +€7,756 | +4.1% |
| Fixed assets | 21/28 | €22,855 | €20,983 | -€1,871 | -8.2% |
| Tangible fixed assets | 22/27 | €22,355 | €20,483 | -€1,871 | -8.4% |
| Land and buildings | 22 | €20,985 | €17,857 | -€3,128 | -14.9% |
| Plant, machinery and equipment | 23 | €1,369 | €755 | -€614 | -44.9% |
| Furniture and vehicles | 24 | - | €1,871 | +€1,871 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €165,711 | €175,338 | +€9,627 | +5.8% |
| Stocks and contracts in progress | 3 | €108,207 | €90,749 | -€17,458 | -16.1% |
| Stocks | 30/36 | €108,207 | €90,749 | -€17,458 | -16.1% |
| Amounts receivable within one year | 40/41 | €10,947 | €12,085 | +€1,138 | +10.4% |
| Trade receivables | 40 | €10,947 | €11,689 | +€742 | +6.8% |
| Other amounts receivable | 41 | - | €396 | +€396 | |
| Cash at bank and in hand | 54/58 | €41,817 | €67,757 | +€25,939 | +62.0% |
| Deferred charges and accrued income | 490/1 | €4,740 | €4,748 | +€8 | +0.2% |
| Total equity and liabilities | 10/49 | €188,565 | €196,322 | +€7,756 | +4.1% |
| Equity | 10/15 | €43,529 | €62,188 | +€18,658 | +42.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €14,134 | €32,793 | +€18,658 | +132% |
| Non-distributable reserves | 130/1 | €2,790 | €2,790 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,790 | €2,790 | = | 0.0% |
| Distributable reserves | 133 | €11,344 | €30,003 | +€18,658 | +164% |
| Profit (loss) carried forward | 14 | €14,395 | €14,395 | = | 0.0% |
| Amounts payable | 17/49 | €145,036 | €134,134 | -€10,902 | -7.5% |
| Amounts payable after more than one year | 17 | €29,692 | €27,568 | -€2,124 | -7.2% |
| Financial debts | 170/4 | €29,692 | €27,568 | -€2,124 | -7.2% |
| Amounts payable within one year | 42/48 | €114,903 | €97,556 | -€17,347 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €7,191 | €10,838 | +€3,648 | +50.7% |
| Trade debts | 44 | €21,528 | €21,634 | +€105 | +0.5% |
| Suppliers | 440/4 | €21,528 | €21,634 | +€105 | +0.5% |
| Taxes, remuneration and social security | 45 | €45,289 | €42,908 | -€2,380 | -5.3% |
| Taxes | 450/3 | €45,289 | €42,908 | -€2,380 | -5.3% |
| Other amounts payable | 47/48 | €40,895 | €22,175 | -€18,720 | -45.8% |
| Accrued charges and deferred income | 492/3 | €441 | €9,010 | +€8,569 | +1,941% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,141 | €4,498 | -€643 | -12.5% |
| Other operating charges | 640/8 | €9,396 | €8,128 | -€1,268 | -13.5% |
| Gross operating margin | 9900 | €26,655 | €51,362 | +€24,707 | +92.7% |
| Operating profit (loss) | 9901 | €12,118 | €38,735 | +€26,617 | +220% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €5,046 | €5,710 | +€664 | +13.2% |
| Recurring financial charges | 65 | €5,046 | €5,710 | +€664 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €7,072 | €33,037 | +€25,966 | +367% |
| Income taxes | 67/77 | €3,239 | €14,379 | +€11,140 | +344% |
| Profit (loss) for the period | 9904 | €3,833 | €18,658 | +€14,826 | +387% |
| Profit (loss) for the period to be appropriated | 9905 | €3,833 | €18,658 | +€14,826 | +387% |
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 16 October 2026 via checked.be.