VINEYARD: 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.
VINEYARD
Largest movements
- Cash +€821,193
up €821,193 (+360%), from €228,059 to €1.0m
mainly Receivables within one year (+€812,000) and Stocks and contracts (+€200,608)
- Receivables within one year -€812,000
down €812,000 (-93.3%), from €870,415 to €58,416
of which Trade receivables: -€789,116
- Stocks and contracts -€200,608
down €200,608 (-20.9%), from €961,589 to €760,980
- Tangible fixed assets -€32,912
down €32,912 (-5.7%), from €580,534 to €547,622
of which Land and buildings: -€20,226
- Tax, wage and social debts -€171,033
down €171,033 (-97.7%), from €174,979 to €3,946
- Advances received -€103,874
down €103,874 (-26.3%), from €395,350 to €291,476
- Reserves +€57,586
up €57,586 (+3.1%), from €1.9m to €1.9m
of which Distributable reserves: +€57,586
- Gross operating margin +€7,454
up €7,454 (+6.6%), from €113,644 to €121,098
- Taxes +€6,276
up €6,276 (+36.5%), from €17,213 to €23,489
- Depreciation -€1,389
down €1,389 (-3.9%), from €35,410 to €34,021
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,646,933 | €2,422,702 | -€224,232 | -8.5% |
| Fixed assets | 21/28 | €583,541 | €550,629 | -€32,912 | -5.6% |
| Tangible fixed assets | 22/27 | €580,534 | €547,622 | -€32,912 | -5.7% |
| Land and buildings | 22 | €560,232 | €540,006 | -€20,226 | -3.6% |
| Plant, machinery and equipment | 23 | €654 | €88 | -€566 | -86.6% |
| Furniture and vehicles | 24 | €19,648 | €7,528 | -€12,120 | -61.7% |
| Financial fixed assets | 28 | €3,007 | €3,007 | = | 0.0% |
| Current assets | 29/58 | €2,063,392 | €1,872,073 | -€191,320 | -9.3% |
| Stocks and contracts in progress | 3 | €961,589 | €760,980 | -€200,608 | -20.9% |
| Stocks | 30/36 | €961,589 | €760,980 | -€200,608 | -20.9% |
| Amounts receivable within one year | 40/41 | €870,415 | €58,416 | -€812,000 | -93.3% |
| Trade receivables | 40 | €793,627 | €4,511 | -€789,116 | -99.4% |
| Other amounts receivable | 41 | €76,789 | €53,905 | -€22,884 | -29.8% |
| Cash at bank and in hand | 54/58 | €228,059 | €1,049,251 | +€821,193 | +360% |
| Deferred charges and accrued income | 490/1 | €3,329 | €3,425 | +€96 | +2.9% |
| Total equity and liabilities | 10/49 | €2,646,933 | €2,422,702 | -€224,232 | -8.5% |
| Equity | 10/15 | €2,069,018 | €2,126,604 | +€57,586 | +2.8% |
| Contributions | 10/11 | €190,000 | €190,000 | = | 0.0% |
| Capital | 10 | €190,000 | €190,000 | = | 0.0% |
| Issued capital | 100 | €190,000 | €190,000 | = | 0.0% |
| Reserves | 13 | €1,879,018 | €1,936,604 | +€57,586 | +3.1% |
| Non-distributable reserves | 130/1 | €73,000 | €73,000 | = | 0.0% |
| Legal reserve | 130 | €73,000 | €73,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €638 | €638 | = | 0.0% |
| Distributable reserves | 133 | €1,805,379 | €1,862,965 | +€57,586 | +3.2% |
| Amounts payable | 17/49 | €577,915 | €296,098 | -€281,818 | -48.8% |
| Amounts payable within one year | 42/48 | €577,079 | €296,098 | -€280,981 | -48.7% |
| Trade debts | 44 | €30 | €177 | +€148 | +493% |
| Suppliers | 440/4 | €30 | €177 | +€148 | +493% |
| Advances received on contracts in progress | 46 | €395,350 | €291,476 | -€103,874 | -26.3% |
| Taxes, remuneration and social security | 45 | €174,979 | €3,946 | -€171,033 | -97.7% |
| Taxes | 450/3 | €174,979 | €3,946 | -€171,033 | -97.7% |
| Other amounts payable | 47/48 | €6,719 | €498 | -€6,222 | -92.6% |
| Accrued charges and deferred income | 492/3 | €837 | €0 | -€837 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,410 | €34,021 | -€1,389 | -3.9% |
| Other operating charges | 640/8 | €7,234 | €7,259 | +€25 | +0.3% |
| Gross operating margin | 9900 | €113,644 | €121,098 | +€7,454 | +6.6% |
| Operating profit (loss) | 9901 | €71,000 | €79,818 | +€8,817 | +12.4% |
| Financial income | 75/76B | €1,063 | €1,670 | +€607 | +57.1% |
| Recurring financial income | 75 | €1,063 | €1,670 | +€607 | +57.1% |
| Financial charges | 65/66B | €1,232 | €413 | -€820 | -66.5% |
| Recurring financial charges | 65 | €1,232 | €413 | -€820 | -66.5% |
| Profit (loss) for the period before taxes | 9903 | €70,831 | €81,076 | +€10,244 | +14.5% |
| Income taxes | 67/77 | €17,213 | €23,489 | +€6,276 | +36.5% |
| Profit (loss) for the period | 9904 | €53,618 | €57,586 | +€3,968 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,618 | €57,586 | +€3,968 | +7.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.