Le Vincennes: 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.
Le Vincennes
Largest movements
- Cash +€119,784
up €119,784 (+8.8%), from €1.4m to €1.5m
mainly Other debts (+€196,429) and Net result for the year (+€111,650)
- Receivables within one year +€59,539
up €59,539 (+178%), from €33,410 to €92,949
of which Trade receivables: +€81,993
- Tangible fixed assets -€22,334
down €22,334 (-30.0%), from €74,329 to €51,995
of which Furniture and vehicles: -€12,012
- Current investments +€21,475
up €21,475 (+9.1%), from €235,691 to €257,165
- Other debts +€196,429
up €196,429 (+2,392%), from €8,212 to €204,640
- Reserves -€107,216
down €107,216 (-30.2%), from €354,728 to €247,512
of which Distributable reserves: -€107,216
- Trade debts +€61,135
up €61,135 (+71.4%), from €85,613 to €146,748
- Tax, wage and social debts +€31,136
up €31,136 (+41.4%), from €75,127 to €106,263
of which Taxes: +€31,295
- Gross operating margin +€105,848
up €105,848 (+14.7%), from €718,280 to €824,128
- Taxes +€45,587
up €45,587 (+495%), from €9,218 to €54,805
- Other operating charges -€38,965
no longer reported in 2025 (was €38,965)
- Staff costs -€17,475
down €17,475 (-2.5%), from €688,668 to €671,194
- Financial charges -€17,254
down €17,254, from €4,629 to -€12,625
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 | €1,860,374 | €2,041,342 | +€180,968 | +9.7% |
| Fixed assets | 21/28 | €219,697 | €197,363 | -€22,334 | -10.2% |
| Tangible fixed assets | 22/27 | €74,329 | €51,995 | -€22,334 | -30.0% |
| Land and buildings | 22 | €27,201 | €16,879 | -€10,322 | -37.9% |
| Furniture and vehicles | 24 | €47,128 | €35,116 | -€12,012 | -25.5% |
| Financial fixed assets | 28 | €145,368 | €145,368 | = | 0.0% |
| Current assets | 29/58 | €1,640,677 | €1,843,979 | +€203,302 | +12.4% |
| Stocks and contracts in progress | 3 | €9,283 | €11,787 | +€2,504 | +27.0% |
| Stocks | 30/36 | €9,283 | €11,787 | +€2,504 | +27.0% |
| Amounts receivable within one year | 40/41 | €33,410 | €92,949 | +€59,539 | +178% |
| Trade receivables | 40 | €8,581 | €90,575 | +€81,993 | +955% |
| Other amounts receivable | 41 | €24,829 | €2,375 | -€22,455 | -90.4% |
| Current investments | 50/53 | €235,691 | €257,165 | +€21,475 | +9.1% |
| Cash at bank and in hand | 54/58 | €1,362,293 | €1,482,077 | +€119,784 | +8.8% |
| Total equity and liabilities | 10/49 | €1,860,374 | €2,041,342 | +€180,968 | +9.7% |
| Equity | 10/15 | €1,683,090 | €1,575,873 | -€107,216 | -6.4% |
| Contributions | 10/11 | €61,974 | €61,974 | = | 0.0% |
| Capital | 10 | €61,974 | €61,974 | = | 0.0% |
| Issued capital | 100 | €61,974 | €61,974 | = | 0.0% |
| Reserves | 13 | €354,728 | €247,512 | -€107,216 | -30.2% |
| Non-distributable reserves | 130/1 | €10,862 | €10,862 | = | 0.0% |
| Legal reserve | 130 | €10,862 | €10,862 | = | 0.0% |
| Distributable reserves | 133 | €343,867 | €236,650 | -€107,216 | -31.2% |
| Profit (loss) carried forward | 14 | €1,266,387 | €1,266,387 | = | 0.0% |
| Amounts payable | 17/49 | €177,285 | €465,469 | +€288,184 | +163% |
| Amounts payable within one year | 42/48 | €177,285 | €465,469 | +€288,184 | +163% |
| Current portion of amounts payable after more than one year | 42 | €8,333 | €7,817 | -€516 | -6.2% |
| Trade debts | 44 | €85,613 | €146,748 | +€61,135 | +71.4% |
| Suppliers | 440/4 | €85,613 | €146,748 | +€61,135 | +71.4% |
| Taxes, remuneration and social security | 45 | €75,127 | €106,263 | +€31,136 | +41.4% |
| Taxes | 450/3 | €8,116 | €39,411 | +€31,295 | +386% |
| Remuneration and social security | 454/9 | €67,011 | €66,852 | -€159 | -0.2% |
| Other amounts payable | 47/48 | €8,212 | €204,640 | +€196,429 | +2,392% |
| Remuneration, social security and pensions | 62 | €688,668 | €671,194 | -€17,475 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,880 | €22,334 | +€6,454 | +40.6% |
| Other operating charges | 640/8 | €38,965 | - | -€38,965 | |
| Gross operating margin | 9900 | €718,280 | €824,128 | +€105,848 | +14.7% |
| Operating profit (loss) | 9901 | -€25,233 | €130,600 | +€155,834 | |
| Financial income | 75/76B | €13,169 | €23,230 | +€10,061 | +76.4% |
| Recurring financial income | 75 | €13,169 | €23,230 | +€10,061 | +76.4% |
| Financial charges | 65/66B | €4,629 | -€12,625 | -€17,254 | |
| Recurring financial charges | 65 | €4,629 | -€12,625 | -€17,254 | |
| Profit (loss) for the period before taxes | 9903 | -€16,694 | €166,455 | +€183,149 | |
| Income taxes | 67/77 | €9,218 | €54,805 | +€45,587 | +495% |
| Profit (loss) for the period | 9904 | -€25,911 | €111,650 | +€137,562 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,911 | €111,650 | +€137,562 |
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 31 October 2026 via checked.be.