VINCE IGOR: 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 IGOR
Largest movements
- Stocks and contracts +€38,950
up €38,950 (+708%), from €5,500 to €44,450
- Receivables within one year +€25,191
up €25,191 (+54.5%), from €46,198 to €71,389
of which Trade receivables: +€35,578
- Tangible fixed assets +€21,557
up €21,557 (+205%), from €10,505 to €32,062
of which Furniture and vehicles: +€21,997
- Cash +€8,293
up €8,293 (+803%), from €1,033 to €9,326
mainly Trade debts (+€80,783) and Debts after one year (+€23,085)
- Deferred charges and accrued income +€5,749
up €5,749 (+34.8%), from €16,500 to €22,249
- Trade debts +€80,783
up €80,783 (+243%), from €33,189 to €113,972
- Debts after one year +€23,085
new in 2025: €23,085
- Current portion of long-term debt +€5,582
new in 2025: €5,582
- Reserves -€5,217
down €5,217 (-31.3%), from €16,662 to €11,444
- Tax, wage and social debts -€4,370
no longer reported in 2025 (was €4,370)
- Gross operating margin -€12,146
down €12,146 (-65.3%), from €18,610 to €6,464
- Financial charges +€8,776
up €8,776 (+5,407%), from €162 to €8,939
of which Non-recurring financial charges: +€8,182
- Taxes -€4,370
no longer reported in 2025 (was €4,370)
- Depreciation -€1,904
down €1,904 (-46.1%), from €4,126 to €2,223
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 | €79,737 | €179,477 | +€99,740 | +125% |
| Fixed assets | 21/28 | €10,505 | €32,062 | +€21,557 | +205% |
| Tangible fixed assets | 22/27 | €10,505 | €32,062 | +€21,557 | +205% |
| Plant, machinery and equipment | 23 | €1,824 | €1,384 | -€440 | -24.1% |
| Furniture and vehicles | 24 | €8,682 | €30,678 | +€21,997 | +253% |
| Current assets | 29/58 | €69,231 | €147,414 | +€78,183 | +113% |
| Stocks and contracts in progress | 3 | €5,500 | €44,450 | +€38,950 | +708% |
| Stocks | 30/36 | €5,500 | €44,450 | +€38,950 | +708% |
| Amounts receivable within one year | 40/41 | €46,198 | €71,389 | +€25,191 | +54.5% |
| Trade receivables | 40 | €32,301 | €67,879 | +€35,578 | +110% |
| Other amounts receivable | 41 | €13,897 | €3,509 | -€10,388 | -74.7% |
| Cash at bank and in hand | 54/58 | €1,033 | €9,326 | +€8,293 | +803% |
| Deferred charges and accrued income | 490/1 | €16,500 | €22,249 | +€5,749 | +34.8% |
| Total equity and liabilities | 10/49 | €79,737 | €179,477 | +€99,740 | +125% |
| Equity | 10/15 | €23,662 | €18,444 | -€5,217 | -22.0% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €16,662 | €11,444 | -€5,217 | -31.3% |
| Distributable reserves | 133 | €16,662 | €11,444 | -€5,217 | -31.3% |
| Amounts payable | 17/49 | €56,075 | €161,032 | +€104,957 | +187% |
| Amounts payable after more than one year | 17 | - | €23,085 | +€23,085 | |
| Financial debts | 170/4 | - | €23,085 | +€23,085 | |
| Amounts payable within one year | 42/48 | €56,075 | €137,947 | +€81,873 | +146% |
| Current portion of amounts payable after more than one year | 42 | - | €5,582 | +€5,582 | |
| Trade debts | 44 | €33,189 | €113,972 | +€80,783 | +243% |
| Suppliers | 440/4 | €33,189 | €113,972 | +€80,783 | +243% |
| Taxes, remuneration and social security | 45 | €4,370 | - | -€4,370 | |
| Taxes | 450/3 | €4,370 | - | -€4,370 | |
| Other amounts payable | 47/48 | €18,516 | €18,393 | -€123 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,126 | €2,223 | -€1,904 | -46.1% |
| Other operating charges | 640/8 | €475 | €579 | +€104 | +21.8% |
| Gross operating margin | 9900 | €18,610 | €6,464 | -€12,146 | -65.3% |
| Operating profit (loss) | 9901 | €14,009 | €3,663 | -€10,346 | -73.9% |
| Financial income | 75/76B | €0 | €58 | +€58 | +26,395% |
| Recurring financial income | 75 | €0 | €58 | +€58 | +26,395% |
| Financial charges | 65/66B | €162 | €8,939 | +€8,776 | +5,407% |
| Recurring financial charges | 65 | €162 | €757 | +€595 | +366% |
| Non-recurring financial charges | 66B | - | €8,182 | +€8,182 | |
| Profit (loss) for the period before taxes | 9903 | €13,847 | -€5,217 | -€19,064 | |
| Income taxes | 67/77 | €4,370 | - | -€4,370 | |
| Profit (loss) for the period | 9904 | €9,477 | -€5,217 | -€14,694 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,477 | -€5,217 | -€14,694 |
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 15 October 2026 via checked.be.