Glacier Vincent: 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.
Glacier Vincent
Largest movements
- Cash -€7,949
down €7,949 (-28.1%), from €28,317 to €20,368
mainly Net result for the year (-€7,914) and Receivables within one year (-€810)
- Tangible fixed assets -€917
down €917 (-92.2%), from €994 to €77
- Profit (loss) carried forward -€7,914
down €7,914 (-14.5%), from -€54,464 to -€62,378
- Financial income +€2,880
up €2,880 (+935%), from €308 to €3,189
- Gross operating margin +€323
up €323 (+3.5%), from -€9,359 to -€9,036
- Other operating charges +€260
up €260 (+36.6%), from €709 to €969
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 | €86,847 | €78,529 | -€8,318 | -9.6% |
| Fixed assets | 21/28 | €994 | €77 | -€917 | -92.2% |
| Tangible fixed assets | 22/27 | €994 | €77 | -€917 | -92.2% |
| Plant, machinery and equipment | 23 | €994 | €77 | -€917 | -92.2% |
| Current assets | 29/58 | €85,853 | €78,451 | -€7,401 | -8.6% |
| Stocks and contracts in progress | 3 | €1,510 | €1,247 | -€263 | -17.4% |
| Stocks | 30/36 | €1,510 | €1,247 | -€263 | -17.4% |
| Amounts receivable within one year | 40/41 | €426 | €1,236 | +€810 | +190% |
| Other amounts receivable | 41 | €426 | €1,236 | +€810 | +190% |
| Current investments | 50/53 | €55,600 | €55,600 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,317 | €20,368 | -€7,949 | -28.1% |
| Total equity and liabilities | 10/49 | €86,847 | €78,529 | -€8,318 | -9.6% |
| Equity | 10/15 | €73,692 | €65,778 | -€7,914 | -10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,556 | €109,556 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,975 | €2,975 | = | 0.0% |
| Distributable reserves | 133 | €106,581 | €106,581 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,464 | -€62,378 | -€7,914 | -14.5% |
| Amounts payable | 17/49 | €13,155 | €12,750 | -€405 | -3.1% |
| Amounts payable within one year | 42/48 | €13,155 | €12,750 | -€405 | -3.1% |
| Other amounts payable | 47/48 | €13,155 | €12,750 | -€405 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €917 | €917 | +€0 | 0.0% |
| Other operating charges | 640/8 | €709 | €969 | +€260 | +36.6% |
| Gross operating margin | 9900 | -€9,359 | -€9,036 | +€323 | +3.5% |
| Operating profit (loss) | 9901 | -€10,985 | -€10,922 | +€63 | +0.6% |
| Financial income | 75/76B | €308 | €3,189 | +€2,880 | +935% |
| Recurring financial income | 75 | €308 | €3,189 | +€2,880 | +935% |
| Financial charges | 65/66B | €158 | €180 | +€23 | +14.4% |
| Recurring financial charges | 65 | €158 | €180 | +€23 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,835 | -€7,914 | +€2,921 | +27.0% |
| Profit (loss) for the period | 9904 | -€10,835 | -€7,914 | +€2,921 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,835 | -€7,914 | +€2,921 | +27.0% |
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 29 October 2026 via checked.be.