VINC: 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.
VINC
Largest movements
- Cash -€12,418
down €12,418 (-5.2%), from €238,928 to €226,510
mainly Accrued charges and deferred income (-€30,000) and Advances received (-€15,000)
- Tangible fixed assets -€4,498
down €4,498 (-65.7%), from €6,848 to €2,350
of which Furniture and vehicles: -€2,813
- Accrued charges and deferred income -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Tax, wage and social debts +€20,816
up €20,816 (+48.9%), from €42,538 to €63,354
of which Remuneration and social security: +€20,816
- Advances received -€15,000
down €15,000 (-100.0%), from €15,000 to €0
- Reserves +€13,735
up €13,735 (+8.7%), from €157,232 to €170,967
- Trade debts -€3,353
down €3,353 (-8.3%), from €40,433 to €37,080
- Staff costs +€119,979
up €119,979 (+28.6%), from €419,585 to €539,564
- Gross operating margin +€116,054
up €116,054 (+26.1%), from €444,977 to €561,031
- Purchases and services +€113,298
new in 2025: €113,298
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 | €285,203 | €271,401 | -€13,802 | -4.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €12,833 | €8,335 | -€4,498 | -35.1% |
| Tangible fixed assets | 22/27 | €6,848 | €2,350 | -€4,498 | -65.7% |
| Plant, machinery and equipment | 23 | €3,998 | €2,313 | -€1,685 | -42.1% |
| Furniture and vehicles | 24 | €2,850 | €37 | -€2,813 | -98.7% |
| Financial fixed assets | 28 | €5,985 | €5,985 | = | 0.0% |
| Current assets | 29/58 | €272,370 | €263,066 | -€9,304 | -3.4% |
| Amounts receivable within one year | 40/41 | €31,500 | €34,000 | +€2,500 | +7.9% |
| Trade receivables | 40 | €24,000 | €34,000 | +€10,000 | +41.7% |
| Other amounts receivable | 41 | €7,500 | €0 | -€7,500 | -100.0% |
| Cash at bank and in hand | 54/58 | €238,928 | €226,510 | -€12,418 | -5.2% |
| Deferred charges and accrued income | 490/1 | €1,942 | €2,556 | +€614 | +31.6% |
| Total equity and liabilities | 10/49 | €285,203 | €271,401 | -€13,802 | -4.8% |
| Equity | 10/15 | €157,232 | €170,967 | +€13,735 | +8.7% |
| Reserves | 13 | €157,232 | €170,967 | +€13,735 | +8.7% |
| Amounts payable | 17/49 | €127,971 | €100,434 | -€27,537 | -21.5% |
| Amounts payable within one year | 42/48 | €97,971 | €100,434 | +€2,463 | +2.5% |
| Trade debts | 44 | €40,433 | €37,080 | -€3,353 | -8.3% |
| Suppliers | 440/4 | €40,433 | €37,080 | -€3,353 | -8.3% |
| Advances received on contracts in progress | 46 | €15,000 | €0 | -€15,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €42,538 | €63,354 | +€20,816 | +48.9% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €42,538 | €63,354 | +€20,816 | +48.9% |
| Accrued charges and deferred income | 492/3 | €30,000 | €0 | -€30,000 | -100.0% |
| Turnover | 70 | - | €450 | +€450 | |
| Membership fees, donations, legacies and grants | 73 | - | €664,296 | +€664,296 | |
| Non-recurring operating income | 76A | - | €9,583 | +€9,583 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €113,298 | +€113,298 | |
| Remuneration, social security and pensions | 62 | €419,585 | €539,564 | +€119,979 | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,379 | €4,499 | -€2,880 | -39.0% |
| Other operating charges | 640/8 | €1,639 | €260 | -€1,379 | -84.1% |
| Non-recurring operating charges | 66A | - | €3,358 | +€3,358 | |
| Gross operating margin | 9900 | €444,977 | €561,031 | +€116,054 | +26.1% |
| Operating profit (loss) | 9901 | €16,373 | €13,350 | -€3,023 | -18.5% |
| Financial income | 75/76B | €978 | €996 | +€19 | +1.9% |
| Recurring financial income | 75 | €978 | €996 | +€19 | +1.9% |
| Financial charges | 65/66B | €274 | €611 | +€337 | +123.1% |
| Recurring financial charges | 65 | €274 | €611 | +€337 | +123.1% |
| Profit (loss) for the period before taxes | 9903 | €17,077 | €13,735 | -€3,342 | -19.6% |
| Income taxes | 67/77 | €293 | - | -€293 | |
| Profit (loss) for the period | 9904 | €16,783 | €13,735 | -€3,048 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,783 | €13,735 | -€3,048 | -18.2% |
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 9 October 2026 via checked.be.