VINZ: 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.
VINZ
Largest movements
- Receivables within one year +€197,890
up €197,890 (+177%), from €111,761 to €309,651
of which Trade receivables: +€197,890
- Cash -€16,713
down €16,713 (-99.5%), from €16,789 to €76
mainly Receivables within one year (-€197,890) and Current portion of long-term debt (-€29,570)
- Reserves +€152,280
up €152,280 (+91.2%), from €166,980 to €319,261
of which Distributable reserves: +€154,409
- Tax, wage and social debts +€44,282
up €44,282 (+130%), from €33,982 to €78,264
- Current portion of long-term debt -€29,570
no longer reported in 2024 (was €29,570)
- Short-term financial debts +€10,037
up €10,037 (+150%), from €6,690 to €16,727
- Gross operating margin +€95,935
up €95,935 (+82.6%), from €116,187 to €212,122
- Taxes +€38,018
up €38,018 (+213%), from €17,866 to €55,884
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €662,305 | €834,142 | +€171,837 | +25.9% |
| Fixed assets | 21/28 | €422,547 | €421,687 | -€860 | -0.2% |
| Tangible fixed assets | 22/27 | €2,547 | €1,687 | -€860 | -33.8% |
| Furniture and vehicles | 24 | €2,547 | €1,687 | -€860 | -33.8% |
| Financial fixed assets | 28 | €420,000 | €420,000 | = | 0.0% |
| Current assets | 29/58 | €239,758 | €412,455 | +€172,697 | +72.0% |
| Amounts receivable after more than one year | 29 | €107,725 | €99,977 | -€7,747 | -7.2% |
| Other amounts receivable | 291 | €107,725 | €99,977 | -€7,747 | -7.2% |
| Amounts receivable within one year | 40/41 | €111,761 | €309,651 | +€197,890 | +177% |
| Trade receivables | 40 | €107,123 | €305,013 | +€197,890 | +185% |
| Other amounts receivable | 41 | €4,639 | €4,639 | = | 0.0% |
| Current investments | 50/53 | €2,500 | €2,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,789 | €76 | -€16,713 | -99.5% |
| Deferred charges and accrued income | 490/1 | €983 | €250 | -€733 | -74.6% |
| Total equity and liabilities | 10/49 | €662,305 | €834,142 | +€171,837 | +25.9% |
| Equity | 10/15 | €576,980 | €729,261 | +€152,280 | +26.4% |
| Contributions | 10/11 | €410,000 | €410,000 | = | 0.0% |
| Reserves | 13 | €166,980 | €319,261 | +€152,280 | +91.2% |
| Non-distributable reserves | 130/1 | €2,128 | - | -€2,128 | |
| Reserves not available under the articles | 1311 | €2,128 | - | -€2,128 | |
| Distributable reserves | 133 | €164,852 | €319,261 | +€154,409 | +93.7% |
| Amounts payable | 17/49 | €85,325 | €104,881 | +€19,556 | +22.9% |
| Amounts payable after more than one year | 17 | €21 | - | -€21 | |
| Other amounts payable | 178/9 | €21 | - | -€21 | |
| Amounts payable within one year | 42/48 | €85,023 | €104,600 | +€19,577 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €29,570 | - | -€29,570 | |
| Financial debts | 43 | €6,690 | €16,727 | +€10,037 | +150% |
| Credit institutions | 430/8 | €6,690 | €16,727 | +€10,037 | +150% |
| Trade debts | 44 | €13,982 | €8,780 | -€5,202 | -37.2% |
| Suppliers | 440/4 | €13,982 | €8,780 | -€5,202 | -37.2% |
| Taxes, remuneration and social security | 45 | €33,982 | €78,264 | +€44,282 | +130% |
| Taxes | 450/3 | €33,982 | €78,264 | +€44,282 | +130% |
| Other amounts payable | 47/48 | €800 | €830 | +€30 | +3.8% |
| Accrued charges and deferred income | 492/3 | €281 | €281 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €860 | €860 | = | 0.0% |
| Other operating charges | 640/8 | €5,048 | €3,091 | -€1,957 | -38.8% |
| Non-recurring operating charges | 66A | €69,690 | - | -€69,690 | |
| Gross operating margin | 9900 | €116,187 | €212,122 | +€95,935 | +82.6% |
| Operating profit (loss) | 9901 | €40,589 | €208,171 | +€167,582 | +413% |
| Financial income | 75/76B | €790 | €2,412 | +€1,622 | +205% |
| Recurring financial income | 75 | €790 | €2,412 | +€1,622 | +205% |
| Financial charges | 65/66B | €1,302 | €1,589 | +€287 | +22.0% |
| Recurring financial charges | 65 | €1,302 | €1,589 | +€287 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €40,077 | €208,994 | +€168,917 | +421% |
| Income taxes | 67/77 | €17,866 | €55,884 | +€38,018 | +213% |
| Profit (loss) for the period | 9904 | €22,211 | €153,110 | +€130,899 | +589% |
| Profit (loss) for the period to be appropriated | 9905 | €22,211 | €153,110 | +€130,899 | +589% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.