VINCE: 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.
VINCE
Largest movements
- Tangible fixed assets -€19,380
down €19,380 (-6.5%), from €299,600 to €280,220
of which Land and buildings: -€12,054
- Other debts -€11,802
down €11,802 (-77.9%), from €15,152 to €3,350
- Profit (loss) carried forward -€4,525
down €4,525 (-29.8%), from -€15,177 to -€19,702
- Gross operating margin -€1,584
down €1,584 (-9.2%), from €17,207 to €15,623
- Depreciation +€1,073
up €1,073 (+5.9%), from €18,307 to €19,380
- Financial income +€496
up €496 (+101.8%), from €488 to €984
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 | €420,025 | €403,697 | -€16,328 | -3.9% |
| Fixed assets | 21/28 | €299,600 | €280,220 | -€19,380 | -6.5% |
| Tangible fixed assets | 22/27 | €299,600 | €280,220 | -€19,380 | -6.5% |
| Land and buildings | 22 | €246,785 | €234,730 | -€12,054 | -4.9% |
| Plant, machinery and equipment | 23 | €51,325 | €44,531 | -€6,794 | -13.2% |
| Furniture and vehicles | 24 | €1,491 | €959 | -€532 | -35.7% |
| Current assets | 29/58 | €120,425 | €123,477 | +€3,053 | +2.5% |
| Amounts receivable within one year | 40/41 | €152 | €441 | +€290 | +191.3% |
| Other amounts receivable | 41 | €152 | €441 | +€290 | +191.3% |
| Cash at bank and in hand | 54/58 | €119,327 | €122,067 | +€2,740 | +2.3% |
| Deferred charges and accrued income | 490/1 | €946 | €969 | +€23 | +2.4% |
| Total equity and liabilities | 10/49 | €420,025 | €403,697 | -€16,328 | -3.9% |
| Equity | 10/15 | €404,873 | €400,348 | -€4,525 | -1.1% |
| Contributions | 10/11 | €420,050 | €420,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,177 | -€19,702 | -€4,525 | -29.8% |
| Amounts payable | 17/49 | €15,152 | €3,350 | -€11,802 | -77.9% |
| Amounts payable within one year | 42/48 | €15,152 | €3,350 | -€11,802 | -77.9% |
| Other amounts payable | 47/48 | €15,152 | €3,350 | -€11,802 | -77.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,307 | €19,380 | +€1,073 | +5.9% |
| Other operating charges | 640/8 | €1,673 | €1,727 | +€54 | +3.2% |
| Gross operating margin | 9900 | €17,207 | €15,623 | -€1,584 | -9.2% |
| Operating profit (loss) | 9901 | -€2,774 | -€5,485 | -€2,711 | -97.7% |
| Financial income | 75/76B | €488 | €984 | +€496 | +101.8% |
| Recurring financial income | 75 | €488 | €984 | +€496 | +101.8% |
| Financial charges | 65/66B | €24 | €24 | = | 0.0% |
| Recurring financial charges | 65 | €24 | €24 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,310 | -€4,525 | -€2,215 | -95.9% |
| Profit (loss) for the period | 9904 | -€2,310 | -€4,525 | -€2,215 | -95.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,310 | -€4,525 | -€2,215 | -95.9% |
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 30 September 2026 via checked.be.