Saint-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.
Saint-Vincent
Largest movements
- Tangible fixed assets -€328,802
down €328,802 (-4.8%), from €6.8m to €6.5m
of which Land and buildings: -€388,720
- Cash +€287,509
up €287,509 (+21.9%), from €1.3m to €1.6m
mainly Depreciation (+€539,719) and Net result for the year (+€353,052)
- Receivables within one year -€99,370
down €99,370 (-41.8%), from €237,770 to €138,400
of which Trade receivables: -€122,077
- Profit (loss) carried forward +€353,052
up €353,052 (+23.4%), from €1.5m to €1.9m
- Trade debts -€330,809
down €330,809 (-75.7%), from €436,909 to €106,100
- Debts after one year -€238,188
down €238,188 (-11.0%), from €2.2m to €1.9m
- Staff costs -€319,506
down €319,506 (-20.1%), from €1.6m to €1.3m
- Purchases and services -€100,666
no longer reported in 2025 (was €100,666)
- Depreciation -€66,428
down €66,428 (-11.0%), from €606,147 to €539,719
- Other operating charges -€57,746
down €57,746 (-17.4%), from €332,439 to €274,693
- Gross operating margin +€53,600
up €53,600 (+2.2%), from €2.5m to €2.5m
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 | €8,523,160 | €8,280,590 | -€242,570 | -2.8% |
| Fixed assets | 21/28 | €6,805,557 | €6,476,438 | -€329,119 | -4.8% |
| Intangible fixed assets | 21 | €317 | €0 | -€317 | -100% |
| Tangible fixed assets | 22/27 | €6,805,239 | €6,476,438 | -€328,802 | -4.8% |
| Land and buildings | 22 | €6,017,328 | €5,628,608 | -€388,720 | -6.5% |
| Plant, machinery and equipment | 23 | - | €3,826 | +€3,826 | |
| Furniture and vehicles | 24 | €83,122 | €54,339 | -€28,783 | -34.6% |
| Assets under construction and advance payments | 27 | €704,789 | €789,665 | +€84,876 | +12.0% |
| Current assets | 29/58 | €1,717,603 | €1,804,152 | +€86,549 | +5.0% |
| Stocks and contracts in progress | 3 | €57,607 | €13,947 | -€43,660 | -75.8% |
| Stocks | 30/36 | €57,607 | €13,947 | -€43,660 | -75.8% |
| Amounts receivable within one year | 40/41 | €237,770 | €138,400 | -€99,370 | -41.8% |
| Trade receivables | 40 | €236,609 | €114,532 | -€122,077 | -51.6% |
| Other amounts receivable | 41 | €1,161 | €23,868 | +€22,708 | +1,956% |
| Current investments | 50/53 | €22,352 | €22,352 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,311,605 | €1,599,114 | +€287,509 | +21.9% |
| Deferred charges and accrued income | 490/1 | €88,270 | €30,339 | -€57,931 | -65.6% |
| Total equity and liabilities | 10/49 | €8,523,160 | €8,280,590 | -€242,570 | -2.8% |
| Equity | 10/15 | €5,458,187 | €5,806,372 | +€348,186 | +6.4% |
| Contributions | 10/11 | €1,451,648 | €1,451,648 | = | 0.0% |
| Capital | 10 | €1,451,648 | €1,451,648 | = | 0.0% |
| Revaluation surpluses | 12 | €2,212,750 | €2,212,750 | = | 0.0% |
| Reserves | 13 | €218,200 | €218,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,507,496 | €1,860,548 | +€353,052 | +23.4% |
| Investment grants | 15 | €68,093 | €63,226 | -€4,867 | -7.1% |
| Amounts payable | 17/49 | €3,064,973 | €2,474,218 | -€590,756 | -19.3% |
| Amounts payable after more than one year | 17 | €2,168,901 | €1,930,713 | -€238,188 | -11.0% |
| Financial debts | 170/4 | €2,168,901 | €1,930,713 | -€238,188 | -11.0% |
| Amounts payable within one year | 42/48 | €896,072 | €478,505 | -€417,567 | -46.6% |
| Current portion of amounts payable after more than one year | 42 | €299,043 | €247,477 | -€51,565 | -17.2% |
| Trade debts | 44 | €436,909 | €106,100 | -€330,809 | -75.7% |
| Suppliers | 440/4 | €436,909 | €106,100 | -€330,809 | -75.7% |
| Taxes, remuneration and social security | 45 | €160,121 | €124,928 | -€35,193 | -22.0% |
| Remuneration and social security | 454/9 | €160,121 | €124,928 | -€35,193 | -22.0% |
| Accrued charges and deferred income | 492/3 | - | €65,000 | +€65,000 | |
| Non-recurring operating income | 76A | €202,301 | €224,512 | +€22,211 | +11.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €100,666 | - | -€100,666 | |
| Remuneration, social security and pensions | 62 | €1,590,141 | €1,270,635 | -€319,506 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €606,147 | €539,719 | -€66,428 | -11.0% |
| Other operating charges | 640/8 | €332,439 | €274,693 | -€57,746 | -17.4% |
| Non-recurring operating charges | 66A | €120,439 | €65,000 | -€55,439 | -46.0% |
| Gross operating margin | 9900 | €2,467,503 | €2,521,104 | +€53,600 | +2.2% |
| Operating profit (loss) | 9901 | -€181,661 | €371,058 | +€552,719 | |
| Financial income | 75/76B | €28,826 | €10,718 | -€18,109 | -62.8% |
| Recurring financial income | 75 | €28,826 | €10,718 | -€18,109 | -62.8% |
| Financial charges | 65/66B | €58,612 | €27,375 | -€31,237 | -53.3% |
| Recurring financial charges | 65 | €58,612 | €27,375 | -€31,237 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | -€211,447 | €354,400 | +€565,847 | |
| Income taxes | 67/77 | -€1,702 | €1,348 | +€3,049 | |
| Profit (loss) for the period | 9904 | -€209,745 | €353,052 | +€562,797 | |
| Profit (loss) for the period to be appropriated | 9905 | -€209,745 | €353,052 | +€562,797 |
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 23 October 2026 via checked.be.