When traditional balsamic vinegar begins being made, the grape must is put together and then cooked for a bit. The result is called vincotto, mosto cotto, or sapa/saba, and it's this cooking that gives traditional balsamic vinegar its browning flavors.
(The above sauces are always unfermented, and therefore non-alcoholic. There's a similar product that happens when cooked must is fermented, and it goes by names such as vino cotto.)
Undesirable browning — that cause undesirable flavor changes: