VINCADOM: 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.
VINCADOM
Largest movements
- Tangible fixed assets -€10,044
down €10,044 (-6.0%), from €167,224 to €157,179
- Cash +€4,168
up €4,168 (+56.5%), from €7,383 to €11,551
mainly Depreciation (+€10,044) and Receivables within one year (+€1,053)
- Profit (loss) carried forward -€5,666
down €5,666 (-3.5%), from -€163,031 to -€168,697
- Gross operating margin +€2,626
up €2,626 (+43.5%), from €6,041 to €8,667
- Other operating charges -€2,224
down €2,224 (-48.6%), from €4,580 to €2,356
- Financial income -€669
down €669 (-26.4%), from €2,531 to €1,862
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 | €237,424 | €231,303 | -€6,121 | -2.6% |
| Fixed assets | 21/28 | €167,224 | €157,179 | -€10,044 | -6.0% |
| Tangible fixed assets | 22/27 | €167,224 | €157,179 | -€10,044 | -6.0% |
| Land and buildings | 22 | €167,224 | €157,179 | -€10,044 | -6.0% |
| Current assets | 29/58 | €70,200 | €74,124 | +€3,924 | +5.6% |
| Amounts receivable within one year | 40/41 | €61,111 | €60,058 | -€1,053 | -1.7% |
| Other amounts receivable | 41 | €61,111 | €60,058 | -€1,053 | -1.7% |
| Cash at bank and in hand | 54/58 | €7,383 | €11,551 | +€4,168 | +56.5% |
| Deferred charges and accrued income | 490/1 | €1,706 | €2,515 | +€809 | +47.4% |
| Total equity and liabilities | 10/49 | €237,424 | €231,303 | -€6,121 | -2.6% |
| Equity | 10/15 | €186,969 | €181,303 | -€5,666 | -3.0% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €350,000 | €350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€163,031 | -€168,697 | -€5,666 | -3.5% |
| Amounts payable | 17/49 | €50,455 | €50,000 | -€455 | -0.9% |
| Amounts payable within one year | 42/48 | €50,455 | €50,000 | -€455 | -0.9% |
| Trade debts | 44 | €455 | - | -€455 | |
| Suppliers | 440/4 | €455 | - | -€455 | |
| Other amounts payable | 47/48 | €50,000 | €50,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,044 | €10,044 | = | 0.0% |
| Other operating charges | 640/8 | €4,580 | €2,356 | -€2,224 | -48.6% |
| Gross operating margin | 9900 | €6,041 | €8,667 | +€2,626 | +43.5% |
| Operating profit (loss) | 9901 | -€8,583 | -€3,733 | +€4,850 | +56.5% |
| Financial income | 75/76B | €2,531 | €1,862 | -€669 | -26.4% |
| Recurring financial income | 75 | €2,531 | €1,862 | -€669 | -26.4% |
| Financial charges | 65/66B | €3,754 | €3,795 | +€41 | +1.1% |
| Recurring financial charges | 65 | €3,754 | €3,795 | +€41 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,806 | -€5,666 | +€4,140 | +42.2% |
| Profit (loss) for the period | 9904 | -€9,806 | -€5,666 | +€4,140 | +42.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,806 | -€5,666 | +€4,140 | +42.2% |
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 15 October 2026 via checked.be.