Vincar: 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.
Vincar
Largest movements
- Receivables within one year +€35,591
up €35,591 (+182%), from €19,533 to €55,124
of which Trade receivables: +€38,908
- Current investments -€10,000
down €10,000 (-10.0%), from €100,000 to €90,000
- Cash +€9,772
up €9,772 (+78.3%), from €12,480 to €22,252
mainly Net result for the year (+€73,024) and Depreciation (+€23,931)
- Tangible fixed assets -€8,812
down €8,812 (-9.9%), from €88,785 to €79,974
of which Furniture and vehicles: -€10,476
- Intangible fixed assets +€3,623
up €3,623 (+191%), from €1,893 to €5,516
- Reserves +€73,024
up €73,024 (+90.7%), from €80,497 to €153,522
- Other debts -€25,735
down €25,735 (-30.5%), from €84,444 to €58,709
- Trade debts -€20,494
down €20,494 (-75.7%), from €27,066 to €6,572
- Debts after one year -€9,219
down €9,219 (-51.6%), from €17,856 to €8,637
- Tax, wage and social debts +€8,359
up €8,359 (+743%), from €1,125 to €9,484
of which Taxes: +€8,359
- Depreciation +€4,600
up €4,600 (+23.8%), from €19,331 to €23,931
- Financial charges +€1,745
up €1,745 (+43.1%), from €4,052 to €5,797
- Taxes -€1,476
down €1,476 (-5.4%), from €27,322 to €25,846
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 | €228,212 | €256,401 | +€28,190 | +12.4% |
| Fixed assets | 21/28 | €90,678 | €85,490 | -€5,188 | -5.7% |
| Intangible fixed assets | 21 | €1,893 | €5,516 | +€3,623 | +191% |
| Tangible fixed assets | 22/27 | €88,785 | €79,974 | -€8,812 | -9.9% |
| Land and buildings | 22 | €2,048 | €1,429 | -€619 | -30.2% |
| Plant, machinery and equipment | 23 | €37,619 | €28,782 | -€8,837 | -23.5% |
| Furniture and vehicles | 24 | €30,280 | €19,804 | -€10,476 | -34.6% |
| Other tangible fixed assets | 26 | €18,838 | €29,959 | +€11,121 | +59.0% |
| Current assets | 29/58 | €137,533 | €170,912 | +€33,378 | +24.3% |
| Stocks and contracts in progress | 3 | €2,975 | €1,500 | -€1,475 | -49.6% |
| Stocks | 30/36 | €2,975 | €1,500 | -€1,475 | -49.6% |
| Amounts receivable within one year | 40/41 | €19,533 | €55,124 | +€35,591 | +182% |
| Trade receivables | 40 | €16,216 | €55,124 | +€38,908 | +240% |
| Other amounts receivable | 41 | €3,317 | €0 | -€3,317 | -100% |
| Current investments | 50/53 | €100,000 | €90,000 | -€10,000 | -10.0% |
| Cash at bank and in hand | 54/58 | €12,480 | €22,252 | +€9,772 | +78.3% |
| Deferred charges and accrued income | 490/1 | €2,546 | €2,036 | -€510 | -20.0% |
| Total equity and liabilities | 10/49 | €228,212 | €256,401 | +€28,190 | +12.4% |
| Equity | 10/15 | €85,497 | €158,522 | +€73,024 | +85.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €80,497 | €153,522 | +€73,024 | +90.7% |
| Distributable reserves | 133 | €80,497 | €153,522 | +€73,024 | +90.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €142,714 | €97,879 | -€44,835 | -31.4% |
| Amounts payable after more than one year | 17 | €17,856 | €8,637 | -€9,219 | -51.6% |
| Financial debts | 170/4 | €17,856 | €8,637 | -€9,219 | -51.6% |
| Amounts payable within one year | 42/48 | €121,650 | €84,046 | -€37,604 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €9,012 | €9,219 | +€207 | +2.3% |
| Financial debts | 43 | €3 | €62 | +€59 | +1,803% |
| Credit institutions | 430/8 | €3 | €62 | +€59 | +1,803% |
| Trade debts | 44 | €27,066 | €6,572 | -€20,494 | -75.7% |
| Suppliers | 440/4 | €27,066 | €6,572 | -€20,494 | -75.7% |
| Taxes, remuneration and social security | 45 | €1,125 | €9,484 | +€8,359 | +743% |
| Taxes | 450/3 | €25 | €8,384 | +€8,359 | +34,022% |
| Remuneration and social security | 454/9 | €1,100 | €1,100 | = | 0.0% |
| Other amounts payable | 47/48 | €84,444 | €58,709 | -€25,735 | -30.5% |
| Accrued charges and deferred income | 492/3 | €3,208 | €5,196 | +€1,989 | +62.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,331 | €23,931 | +€4,600 | +23.8% |
| Other operating charges | 640/8 | €878 | €741 | -€137 | -15.6% |
| Gross operating margin | 9900 | €130,495 | €129,239 | -€1,256 | -1.0% |
| Operating profit (loss) | 9901 | €110,286 | €104,567 | -€5,719 | -5.2% |
| Financial income | 75/76B | €113 | €100 | -€13 | -11.3% |
| Recurring financial income | 75 | €113 | €100 | -€13 | -11.3% |
| Financial charges | 65/66B | €4,052 | €5,797 | +€1,745 | +43.1% |
| Recurring financial charges | 65 | €4,052 | €5,797 | +€1,745 | +43.1% |
| Profit (loss) for the period before taxes | 9903 | €106,348 | €98,870 | -€7,477 | -7.0% |
| Income taxes | 67/77 | €27,322 | €25,846 | -€1,476 | -5.4% |
| Profit (loss) for the period | 9904 | €79,025 | €73,024 | -€6,001 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €79,025 | €73,024 | -€6,001 | -7.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.