VINCA: 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.
VINCA
Largest movements
- Cash +€53,279
up €53,279 (+97.8%), from €54,451 to €107,730
mainly Net result for the year (+€32,471) and Tax, wage and social debts (+€14,393)
- Tangible fixed assets -€11,494
down €11,494 (-22.5%), from €51,187 to €39,693
of which Furniture and vehicles: -€10,886
- Receivables within one year +€8,770
up €8,770 (+98.5%), from €8,906 to €17,676
- Deferred charges and accrued income -€2,721
down €2,721 (-25.8%), from €10,529 to €7,808
- Reserves +€32,471
up €32,471 (+31.3%), from €103,654 to €136,125
- Tax, wage and social debts +€14,393
up €14,393 (+87.9%), from €16,374 to €30,767
of which Taxes: +€12,393
- Gross operating margin -€9,086
down €9,086 (-13.8%), from €65,865 to €56,779
- Depreciation +€5,210
up €5,210 (+82.9%), from €6,284 to €11,494
- Taxes -€3,981
down €3,981 (-24.3%), from €16,374 to €12,393
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 | €125,074 | €172,907 | +€47,834 | +38.2% |
| Fixed assets | 21/28 | €51,187 | €39,693 | -€11,494 | -22.5% |
| Tangible fixed assets | 22/27 | €51,187 | €39,693 | -€11,494 | -22.5% |
| Plant, machinery and equipment | 23 | €2,718 | €2,110 | -€608 | -22.4% |
| Furniture and vehicles | 24 | €48,469 | €37,583 | -€10,886 | -22.5% |
| Current assets | 29/58 | €73,886 | €133,214 | +€59,328 | +80.3% |
| Amounts receivable within one year | 40/41 | €8,906 | €17,676 | +€8,770 | +98.5% |
| Other amounts receivable | 41 | €8,906 | €17,676 | +€8,770 | +98.5% |
| Cash at bank and in hand | 54/58 | €54,451 | €107,730 | +€53,279 | +97.8% |
| Deferred charges and accrued income | 490/1 | €10,529 | €7,808 | -€2,721 | -25.8% |
| Total equity and liabilities | 10/49 | €125,074 | €172,907 | +€47,834 | +38.2% |
| Equity | 10/15 | €108,654 | €141,125 | +€32,471 | +29.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €103,654 | €136,125 | +€32,471 | +31.3% |
| Distributable reserves | 133 | €103,654 | €136,125 | +€32,471 | +31.3% |
| Amounts payable | 17/49 | €16,419 | €31,782 | +€15,363 | +93.6% |
| Amounts payable within one year | 42/48 | €16,419 | €31,782 | +€15,363 | +93.6% |
| Trade debts | 44 | €46 | €1,016 | +€970 | +2110.7% |
| Suppliers | 440/4 | €46 | €1,016 | +€970 | +2110.7% |
| Taxes, remuneration and social security | 45 | €16,374 | €30,767 | +€14,393 | +87.9% |
| Taxes | 450/3 | €16,374 | €28,767 | +€12,393 | +75.7% |
| Remuneration and social security | 454/9 | €0 | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,284 | €11,494 | +€5,210 | +82.9% |
| Other operating charges | 640/8 | €700 | €1,030 | +€330 | +47.2% |
| Gross operating margin | 9900 | €65,865 | €56,779 | -€9,086 | -13.8% |
| Operating profit (loss) | 9901 | €58,881 | €44,255 | -€14,626 | -24.8% |
| Financial income | 75/76B | €776 | €721 | -€55 | -7.1% |
| Recurring financial income | 75 | €776 | €721 | -€55 | -7.1% |
| Financial charges | 65/66B | €191 | €111 | -€80 | -41.8% |
| Recurring financial charges | 65 | €191 | €111 | -€80 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €59,466 | €44,864 | -€14,601 | -24.6% |
| Income taxes | 67/77 | €16,374 | €12,393 | -€3,981 | -24.3% |
| Profit (loss) for the period | 9904 | €43,092 | €32,471 | -€10,621 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,092 | €32,471 | -€10,621 | -24.6% |
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 29 September 2026 via checked.be.