VINCE-IMMO: 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-IMMO
Largest movements
- Cash +€69,859
up €69,859 (+88.9%), from €78,551 to €148,410
mainly Net result for the year (+€112,158) and Debts after one year (+€71,229)
- Receivables within one year -€27,554
down €27,554 (-52.5%), from €52,487 to €24,933
of which Other amounts receivable: -€31,364
- Tangible fixed assets -€25,866
down €25,866 (-6.6%), from €394,495 to €368,630
of which Furniture and vehicles: -€13,522
- Intangible fixed assets -€6,340
down €6,340 (-32.1%), from €19,730 to €13,390
- Debts after one year +€71,229
up €71,229 (+34.0%), from €209,689 to €280,919
- Other debts -€70,680
no longer reported in 2025 (was €70,680)
- Profit (loss) carried forward +€12,090
up €12,090 (+6.5%), from €184,900 to €196,990
- Trade debts -€6,782
down €6,782 (-73.4%), from €9,240 to €2,458
- Gross operating margin +€92,616
up €92,616 (+54.4%), from €170,151 to €262,768
- Taxes +€26,049
up €26,049 (+351%), from €7,418 to €33,467
- Other operating charges -€4,557
down €4,557 (-31.2%), from €14,606 to €10,049
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 | €545,263 | €555,362 | +€10,099 | +1.9% |
| Fixed assets | 21/28 | €414,225 | €382,020 | -€32,206 | -7.8% |
| Intangible fixed assets | 21 | €19,730 | €13,390 | -€6,340 | -32.1% |
| Tangible fixed assets | 22/27 | €394,495 | €368,630 | -€25,866 | -6.6% |
| Land and buildings | 22 | €328,393 | €316,344 | -€12,049 | -3.7% |
| Plant, machinery and equipment | 23 | €12,262 | €11,968 | -€295 | -2.4% |
| Furniture and vehicles | 24 | €53,840 | €40,318 | -€13,522 | -25.1% |
| Current assets | 29/58 | €131,038 | €173,343 | +€42,305 | +32.3% |
| Amounts receivable within one year | 40/41 | €52,487 | €24,933 | -€27,554 | -52.5% |
| Trade receivables | 40 | €14,613 | €18,423 | +€3,810 | +26.1% |
| Other amounts receivable | 41 | €37,875 | €6,510 | -€31,364 | -82.8% |
| Cash at bank and in hand | 54/58 | €78,551 | €148,410 | +€69,859 | +88.9% |
| Total equity and liabilities | 10/49 | €545,263 | €555,362 | +€10,099 | +1.9% |
| Equity | 10/15 | €205,592 | €217,681 | +€12,090 | +5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,092 | €2,092 | = | 0.0% |
| Tax-exempt reserves | 132 | €232 | €232 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €184,900 | €196,990 | +€12,090 | +6.5% |
| Amounts payable | 17/49 | €339,672 | €337,681 | -€1,991 | -0.6% |
| Amounts payable after more than one year | 17 | €209,689 | €280,919 | +€71,229 | +34.0% |
| Financial debts | 170/4 | €209,689 | €280,919 | +€71,229 | +34.0% |
| Amounts payable within one year | 42/48 | €129,982 | €56,762 | -€73,220 | -56.3% |
| Current portion of amounts payable after more than one year | 42 | €25,871 | €26,149 | +€278 | +1.1% |
| Trade debts | 44 | €9,240 | €2,458 | -€6,782 | -73.4% |
| Suppliers | 440/4 | €9,240 | €2,458 | -€6,782 | -73.4% |
| Taxes, remuneration and social security | 45 | €24,192 | €28,155 | +€3,963 | +16.4% |
| Taxes | 450/3 | €15,415 | €22,098 | +€6,683 | +43.4% |
| Remuneration and social security | 454/9 | €8,777 | €6,057 | -€2,720 | -31.0% |
| Other amounts payable | 47/48 | €70,680 | - | -€70,680 | |
| Remuneration, social security and pensions | 62 | €67,321 | €66,586 | -€735 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,857 | €38,340 | +€483 | +1.3% |
| Other operating charges | 640/8 | €14,606 | €10,049 | -€4,557 | -31.2% |
| Gross operating margin | 9900 | €170,151 | €262,768 | +€92,616 | +54.4% |
| Operating profit (loss) | 9901 | €50,367 | €147,792 | +€97,425 | +193% |
| Financial income | 75/76B | €1,589 | €312 | -€1,278 | -80.4% |
| Recurring financial income | 75 | €1,589 | €312 | -€1,278 | -80.4% |
| Financial charges | 65/66B | €2,685 | €2,478 | -€207 | -7.7% |
| Recurring financial charges | 65 | €2,685 | €2,478 | -€207 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €49,271 | €145,625 | +€96,354 | +196% |
| Income taxes | 67/77 | €7,418 | €33,467 | +€26,049 | +351% |
| Profit (loss) for the period | 9904 | €41,852 | €112,158 | +€70,305 | +168% |
| Profit (loss) for the period to be appropriated | 9905 | €41,852 | €112,158 | +€70,305 | +168% |
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 20 October 2026 via checked.be.