Vinca Services: what changed
Vinca Services
Largest movements
- Cash -€1.3m
down €1.3m (-88.4%), from €1.5m to €175,783
mainly Trade debts (-€1.8m) and Debts after one year (-€79,163)
- Receivables within one year -€509,912
down €509,912 (-67.7%), from €753,677 to €243,765
of which Trade receivables: -€255,418
- Tangible fixed assets -€186,611
down €186,611 (-17.4%), from €1.1m to €884,805
- Trade debts -€1.8m
down €1.8m (-99.6%), from €1.8m to €7,833
- Debts after one year -€79,163
down €79,163 (-16.8%), from €471,864 to €392,701
- Reserves -€69,822
down €69,822 (-8.3%), from €842,181 to €772,359
of which Distributable reserves: -€69,822
- Profit (loss) carried forward -€46,125
new in 2025: -€46,125
- Tax, wage and social debts -€35,650
down €35,650 (-94.7%), from €37,649 to €1,999
of which Remuneration and social security: -€20,710
- Gross operating margin -€629,415
down €629,415 (-93.9%), from €670,165 to €40,751
- Staff costs -€313,635
down €313,635 (-99.3%), from €315,783 to €2,148
- Taxes -€72,237
down €72,237 (-99.7%), from €72,490 to €253
- Depreciation -€50,853
down €50,853 (-47.7%), from €106,702 to €55,850
- Other operating charges -€9,870
down €9,870 (-90.9%), from €10,861 to €991
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,342,628 | €1,304,352 | -€2.0m | -61.0% |
| Fixed assets | 21/28 | €1,071,415 | €884,805 | -€186,611 | -17.4% |
| Tangible fixed assets | 22/27 | €1,071,415 | €884,805 | -€186,611 | -17.4% |
| Land and buildings | 22 | €892,984 | €860,269 | -€32,715 | -3.7% |
| Plant, machinery and equipment | 23 | €80,354 | €8,969 | -€71,385 | -88.8% |
| Furniture and vehicles | 24 | €79,320 | €15,567 | -€63,754 | -80.4% |
| Leasing and similar rights | 25 | €18,757 | - | -€18,757 | |
| Current assets | 29/58 | €2,271,213 | €419,548 | -€1.9m | -81.5% |
| Amounts receivable within one year | 40/41 | €753,677 | €243,765 | -€509,912 | -67.7% |
| Trade receivables | 40 | €391,432 | €136,014 | -€255,418 | -65.3% |
| Other amounts receivable | 41 | €362,245 | €107,750 | -€254,494 | -70.3% |
| Cash at bank and in hand | 54/58 | €1,517,537 | €175,783 | -€1.3m | -88.4% |
| Total equity and liabilities | 10/49 | €3,342,628 | €1,304,352 | -€2.0m | -61.0% |
| Equity | 10/15 | €862,181 | €746,234 | -€115,947 | -13.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €842,181 | €772,359 | -€69,822 | -8.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €838,681 | €768,859 | -€69,822 | -8.3% |
| Profit (loss) carried forward | 14 | - | -€46,125 | -€46,125 | |
| Amounts payable | 17/49 | €2,480,447 | €558,118 | -€1.9m | -77.5% |
| Amounts payable after more than one year | 17 | €471,864 | €392,701 | -€79,163 | -16.8% |
| Financial debts | 170/4 | €471,864 | €392,701 | -€79,163 | -16.8% |
| Amounts payable within one year | 42/48 | €2,008,583 | €165,417 | -€1.8m | -91.8% |
| Current portion of amounts payable after more than one year | 42 | €67,068 | €63,481 | -€3,586 | -5.3% |
| Trade debts | 44 | €1,821,168 | €7,833 | -€1.8m | -99.6% |
| Suppliers | 440/4 | €1,821,168 | €7,833 | -€1.8m | -99.6% |
| Taxes, remuneration and social security | 45 | €37,649 | €1,999 | -€35,650 | -94.7% |
| Taxes | 450/3 | €16,938 | €1,999 | -€14,939 | -88.2% |
| Remuneration and social security | 454/9 | €20,710 | - | -€20,710 | |
| Other amounts payable | 47/48 | €82,699 | €92,104 | +€9,405 | +11.4% |
| Non-recurring operating income | 76A | - | €992 | +€992 | |
| Remuneration, social security and pensions | 62 | €315,783 | €2,148 | -€313,635 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,702 | €55,850 | -€50,853 | -47.7% |
| Other operating charges | 640/8 | €10,861 | €991 | -€9,870 | -90.9% |
| Non-recurring operating charges | 66A | - | €20,491 | +€20,491 | |
| Gross operating margin | 9900 | €670,165 | €40,751 | -€629,415 | -93.9% |
| Operating profit (loss) | 9901 | €236,818 | -€38,729 | -€275,547 | |
| Financial income | 75/76B | €177 | €6,297 | +€6,120 | +3,456% |
| Recurring financial income | 75 | €177 | €6,297 | +€6,120 | +3,456% |
| Financial charges | 65/66B | €17,471 | €13,440 | -€4,032 | -23.1% |
| Recurring financial charges | 65 | €17,471 | €13,440 | -€4,032 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €219,524 | -€45,871 | -€265,395 | |
| Income taxes | 67/77 | €72,490 | €253 | -€72,237 | -99.7% |
| Profit (loss) for the period | 9904 | €147,034 | -€46,125 | -€193,159 | |
| Profit (loss) for the period to be appropriated | 9905 | €147,034 | -€46,125 | -€193,159 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.