VICKY VINCK: what changed
Two fiscal 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.
VICKY VINCK
Largest movements
- Cash -€25,591
down €25,591 (-70.8%), from €36,137 to €10,546
mainly Provisions (-€36,300) and Trade debts (-€2,134)
- Tangible fixed assets -€14,232
down €14,232 (-91.7%), from €15,527 to €1,295
of which Land and buildings: -€11,428
- Receivables within one year +€852
up €852 (+6.9%), from €12,260 to €13,112
of which Other amounts receivable: +€852
- Provisions -€36,300
down €36,300 (-88.9%), from €40,816 to €4,516
- Trade debts -€2,134
down €2,134 (-59.8%), from €3,571 to €1,437
- Other debts -€965
no longer reported in 2025 (was €965)
- Gross operating margin -€34,363
down €34,363, from €16,797 to -€17,565
- Provisions -€32,450
down €32,450 (-842.9%), from -€3,850 to -€36,300
- Depreciation -€1,236
down €1,236 (-8.0%), from €15,469 to €14,232
- Financial charges -€516
down €516 (-27.0%), from €1,910 to €1,394
- Other operating charges -€320
down €320 (-15.5%), from €2,069 to €1,749
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.
Cash bridge derived
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 | €65,600 | €26,700 | -€38,900 | -59.3% |
| Fixed assets | 21/28 | €15,527 | €1,295 | -€14,232 | -91.7% |
| Tangible fixed assets | 22/27 | €15,527 | €1,295 | -€14,232 | -91.7% |
| Land and buildings | 22 | €11,428 | - | -€11,428 | |
| Plant, machinery and equipment | 23 | €876 | €145 | -€732 | -83.5% |
| Furniture and vehicles | 24 | €3,223 | €1,150 | -€2,073 | -64.3% |
| Current assets | 29/58 | €50,073 | €25,405 | -€24,668 | -49.3% |
| Amounts receivable within one year | 40/41 | €12,260 | €13,112 | +€852 | +6.9% |
| Trade receivables | 40 | €12,260 | €12,260 | = | 0.0% |
| Other amounts receivable | 41 | - | €852 | +€852 | |
| Cash at bank and in hand | 54/58 | €36,137 | €10,546 | -€25,591 | -70.8% |
| Deferred charges and accrued income | 490/1 | €1,676 | €1,747 | +€71 | +4.3% |
| Total equity and liabilities | 10/49 | €65,600 | €26,700 | -€38,900 | -59.3% |
| Equity | 10/15 | €17,449 | €17,749 | +€300 | +1.7% |
| Reserves | 13 | €17,402 | €17,402 | = | 0.0% |
| Distributable reserves | 133 | €17,402 | €17,402 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47 | €347 | +€300 | +634.1% |
| Provisions and deferred taxes | 16 | €40,816 | €4,516 | -€36,300 | -88.9% |
| Provisions for liabilities and charges | 160/5 | €40,816 | €4,516 | -€36,300 | -88.9% |
| Pensions and similar obligations | 160 | €40,816 | €4,516 | -€36,300 | -88.9% |
| Amounts payable | 17/49 | €7,335 | €4,435 | -€2,900 | -39.5% |
| Amounts payable within one year | 42/48 | €7,335 | €4,435 | -€2,900 | -39.5% |
| Trade debts | 44 | €3,571 | €1,437 | -€2,134 | -59.8% |
| Suppliers | 440/4 | €3,571 | €1,437 | -€2,134 | -59.8% |
| Taxes, remuneration and social security | 45 | €2,800 | €2,999 | +€199 | +7.1% |
| Taxes | 450/3 | €2,800 | €2,999 | +€199 | +7.1% |
| Other amounts payable | 47/48 | €965 | - | -€965 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,469 | €14,232 | -€1,236 | -8.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,850 | -€36,300 | -€32,450 | -842.9% |
| Other operating charges | 640/8 | €2,069 | €1,749 | -€320 | -15.5% |
| Gross operating margin | 9900 | €16,797 | -€17,565 | -€34,363 | |
| Operating profit (loss) | 9901 | €3,110 | €2,754 | -€356 | -11.4% |
| Financial income | 75/76B | €89 | €130 | +€40 | +45.1% |
| Recurring financial income | 75 | €89 | €130 | +€40 | +45.1% |
| Financial charges | 65/66B | €1,910 | €1,394 | -€516 | -27.0% |
| Recurring financial charges | 65 | €1,910 | €1,394 | -€516 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €1,289 | €1,489 | +€200 | +15.5% |
| Income taxes | 67/77 | €1,389 | €1,189 | -€199 | -14.3% |
| Profit (loss) for the period | 9904 | -€100 | €300 | +€399 | |
| Profit (loss) for the period to be appropriated | 9905 | -€100 | €300 | +€399 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.