IL VINCI: 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.
What changed
IL VINCI
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€37,349
2024 · €72,443-€35,094
Equity
€102,292
2024 · €67,443+€34,849
Cash
€10,269
2024 · €14,637-€4,368
Balance sheet total
€485,018
2024 · €471,469+€13,549
Largest movements
Assets
- Receivables within one year +€39,905
up €39,905 (+92.5%), from €43,153 to €83,058
- Tangible fixed assets -€23,132
down €23,132 (-5.7%), from €408,965 to €385,834
Equity and liabilities
- Profit (loss) carried forward +€34,849
up €34,849 (+280%), from €12,443 to €47,292
- Debts after one year -€22,292
down €22,292 (-7.1%), from €314,745 to €292,453
Income statement
- Gross operating margin -€136,904
down €136,904 (-41.1%), from €333,457 to €196,553
- Staff costs -€72,131
down €72,131 (-42.9%), from €168,240 to €96,108
- Taxes -€16,319
down €16,319 (-63.8%), from €25,592 to €9,273
- Depreciation -€4,401
down €4,401 (-14.2%), from €31,035 to €26,634
- Other operating charges -€4,018
down €4,018 (-31.6%), from €12,705 to €8,687
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.
Result 2024
€72,443
Gross operating margin
-€136,904
Staff costs
+€72,131
Depreciation
+€4,401
Other operating charges
+€4,018
Other operating items
+€2,063
Financial charges
+€2,878
Taxes
+€16,319
Result 2025
€37,349
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€22,890
Investment
-€3,503
Financing
-€23,755
Cash 2024
€14,637
From operations (derived)
+€22,890
Net result for the year
+€37,349
Depreciation
+€26,634
Stocks and contracts
-€1,532
Receivables within one year
-€39,905
Deferred charges and accrued income
+€389
Trade debts
+€4,149
Tax, wage and social debts
-€17
Other debts
-€4,500
Accrued charges and deferred income
+€323
Investment (derived)
-€3,503
Investment in fixed assets (net)
-€3,503
Financing
-€23,755
Debts after one year
-€22,292
Current portion of long-term debt
+€1,038
Contributions, distributions and other
-€2,500
Cash 2025
€10,269
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €471,469 | €485,018 | +€13,549 | +2.9% |
| Fixed assets | 21/28 | €408,965 | €385,834 | -€23,132 | -5.7% |
| Tangible fixed assets | 22/27 | €408,965 | €385,834 | -€23,132 | -5.7% |
| Land and buildings | 22 | €365,365 | €353,897 | -€11,469 | -3.1% |
| Plant, machinery and equipment | 23 | €34,314 | €26,063 | -€8,251 | -24.0% |
| Furniture and vehicles | 24 | €9,286 | €5,874 | -€3,413 | -36.7% |
| Current assets | 29/58 | €62,504 | €99,185 | +€36,681 | +58.7% |
| Stocks and contracts in progress | 3 | €2,349 | €3,881 | +€1,532 | +65.2% |
| Stocks | 30/36 | €2,349 | €3,881 | +€1,532 | +65.2% |
| Amounts receivable within one year | 40/41 | €43,153 | €83,058 | +€39,905 | +92.5% |
| Other amounts receivable | 41 | €43,153 | €83,058 | +€39,905 | +92.5% |
| Cash at bank and in hand | 54/58 | €14,637 | €10,269 | -€4,368 | -29.8% |
| Deferred charges and accrued income | 490/1 | €2,365 | €1,976 | -€389 | -16.4% |
| Total equity and liabilities | 10/49 | €471,469 | €485,018 | +€13,549 | +2.9% |
| Equity | 10/15 | €67,443 | €102,292 | +€34,849 | +51.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,443 | €47,292 | +€34,849 | +280% |
| Amounts payable | 17/49 | €404,026 | €382,726 | -€21,300 | -5.3% |
| Amounts payable after more than one year | 17 | €314,745 | €292,453 | -€22,292 | -7.1% |
| Financial debts | 170/4 | €314,745 | €292,453 | -€22,292 | -7.1% |
| Amounts payable within one year | 42/48 | €89,281 | €89,950 | +€669 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €21,255 | €22,292 | +€1,038 | +4.9% |
| Trade debts | 44 | €10,644 | €14,793 | +€4,149 | +39.0% |
| Suppliers | 440/4 | €10,644 | €14,793 | +€4,149 | +39.0% |
| Taxes, remuneration and social security | 45 | €50,382 | €50,365 | -€17 | 0.0% |
| Taxes | 450/3 | €37,694 | €39,697 | +€2,004 | +5.3% |
| Remuneration and social security | 454/9 | €12,689 | €10,668 | -€2,021 | -15.9% |
| Other amounts payable | 47/48 | €7,000 | €2,500 | -€4,500 | -64.3% |
| Accrued charges and deferred income | 492/3 | - | €323 | +€323 | |
| Remuneration, social security and pensions | 62 | €168,240 | €96,108 | -€72,131 | -42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,035 | €26,634 | -€4,401 | -14.2% |
| Other operating charges | 640/8 | €12,705 | €8,687 | -€4,018 | -31.6% |
| Non-recurring operating charges | 66A | €3,766 | €1,702 | -€2,063 | -54.8% |
| Gross operating margin | 9900 | €333,457 | €196,553 | -€136,904 | -41.1% |
| Operating profit (loss) | 9901 | €117,712 | €63,421 | -€54,291 | -46.1% |
| Financial charges | 65/66B | €19,677 | €16,799 | -€2,878 | -14.6% |
| Recurring financial charges | 65 | €19,677 | €16,799 | -€2,878 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €98,035 | €46,622 | -€51,413 | -52.4% |
| Income taxes | 67/77 | €25,592 | €9,273 | -€16,319 | -63.8% |
| Profit (loss) for the period | 9904 | €72,443 | €37,349 | -€35,094 | -48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €72,443 | €37,349 | -€35,094 | -48.4% |
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 14 October 2026 via checked.be.