VINCE: 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.
VINCE
Largest movements
- Tangible fixed assets +€56,598
up €56,598 (+10.8%), from €525,518 to €582,116
of which Furniture and vehicles: +€43,955
- Cash -€39,056
down €39,056 (-35.4%), from €110,462 to €71,406
mainly Contributions, distributions and other (-€263,160) and Investment in fixed assets (net) (-€90,053)
- Other debts +€221,483
up €221,483 (+140.5%), from €157,673 to €379,155
- Reserves -€179,846
down €179,846 (-14.2%), from €1.3m to €1.1m
of which Distributable reserves: -€179,846
- Debts after one year -€63,349
down €63,349 (-11.3%), from €560,236 to €496,887
- Current portion of long-term debt +€48,904
up €48,904 (+78.3%), from €62,487 to €111,391
- Financial income +€39,981
up €39,981 (+314.5%), from €12,713 to €52,694
- Other operating charges +€17,283
up €17,283 (+219.1%), from €7,890 to €25,173
- Gross operating margin +€13,733
up €13,733 (+9.9%), from €138,276 to €152,009
- Taxes +€12,270
up €12,270 (+34.1%), from €35,933 to €48,203
- Depreciation +€9,036
up €9,036 (+37.0%), from €24,419 to €33,455
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 | €2,541,859 | €2,590,665 | +€48,806 | +1.9% |
| Fixed assets | 21/28 | €1,250,645 | €1,307,243 | +€56,598 | +4.5% |
| Tangible fixed assets | 22/27 | €525,518 | €582,116 | +€56,598 | +10.8% |
| Land and buildings | 22 | €300,000 | €300,000 | = | 0.0% |
| Furniture and vehicles | 24 | €71,244 | €115,199 | +€43,955 | +61.7% |
| Other tangible fixed assets | 26 | €122,556 | €136,445 | +€13,889 | +11.3% |
| Assets under construction and advance payments | 27 | €31,718 | €30,472 | -€1,246 | -3.9% |
| Financial fixed assets | 28 | €725,128 | €725,128 | = | 0.0% |
| Current assets | 29/58 | €1,291,214 | €1,283,422 | -€7,792 | -0.6% |
| Amounts receivable within one year | 40/41 | €122,129 | €133,242 | +€11,113 | +9.1% |
| Trade receivables | 40 | €23,877 | €76,042 | +€52,165 | +218.5% |
| Other amounts receivable | 41 | €98,252 | €57,200 | -€41,052 | -41.8% |
| Current investments | 50/53 | €1,056,459 | €1,076,818 | +€20,359 | +1.9% |
| Cash at bank and in hand | 54/58 | €110,462 | €71,406 | -€39,056 | -35.4% |
| Deferred charges and accrued income | 490/1 | €2,164 | €1,956 | -€208 | -9.6% |
| Total equity and liabilities | 10/49 | €2,541,859 | €2,590,665 | +€48,806 | +1.9% |
| Equity | 10/15 | €1,730,388 | €1,550,543 | -€179,846 | -10.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,265,719 | €1,085,874 | -€179,846 | -14.2% |
| Non-distributable reserves | 130/1 | €93,900 | €93,900 | = | 0.0% |
| Legal reserve | 130 | €93,900 | €93,900 | = | 0.0% |
| Distributable reserves | 133 | €1,171,819 | €991,974 | -€179,846 | -15.3% |
| Profit (loss) carried forward | 14 | €402,669 | €402,669 | = | 0.0% |
| Amounts payable | 17/49 | €811,471 | €1,040,123 | +€228,652 | +28.2% |
| Amounts payable after more than one year | 17 | €560,236 | €496,887 | -€63,349 | -11.3% |
| Other amounts payable | 178/9 | €560,236 | €496,887 | -€63,349 | -11.3% |
| Amounts payable within one year | 42/48 | €250,749 | €542,737 | +€291,988 | +116.4% |
| Current portion of amounts payable after more than one year | 42 | €62,487 | €111,391 | +€48,904 | +78.3% |
| Trade debts | 44 | €604 | €9,743 | +€9,139 | +1512.8% |
| Suppliers | 440/4 | €604 | €9,743 | +€9,139 | +1512.8% |
| Taxes, remuneration and social security | 45 | €29,985 | €42,448 | +€12,463 | +41.6% |
| Taxes | 450/3 | €29,985 | €42,448 | +€12,463 | +41.6% |
| Other amounts payable | 47/48 | €157,673 | €379,155 | +€221,483 | +140.5% |
| Accrued charges and deferred income | 492/3 | €486 | €499 | +€13 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,419 | €33,455 | +€9,036 | +37.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €400 | - | -€400 | |
| Other operating charges | 640/8 | €7,890 | €25,173 | +€17,283 | +219.1% |
| Gross operating margin | 9900 | €138,276 | €152,009 | +€13,733 | +9.9% |
| Operating profit (loss) | 9901 | €105,567 | €93,381 | -€12,186 | -11.5% |
| Financial income | 75/76B | €12,713 | €52,694 | +€39,981 | +314.5% |
| Recurring financial income | 75 | €12,713 | €52,694 | +€39,981 | +314.5% |
| Financial charges | 65/66B | €11,365 | €14,557 | +€3,193 | +28.1% |
| Recurring financial charges | 65 | €11,365 | €14,557 | +€3,193 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | €106,916 | €131,518 | +€24,602 | +23.0% |
| Income taxes | 67/77 | €35,933 | €48,203 | +€12,270 | +34.1% |
| Profit (loss) for the period | 9904 | €70,983 | €83,314 | +€12,332 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €70,983 | €83,314 | +€12,332 | +17.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.