Vincella: 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.
Vincella
Largest movements
- Tangible fixed assets +€16,041
up €16,041 (+4.3%), from €369,190 to €385,230
of which Furniture and vehicles: +€23,225
- Cash +€4,047
up €4,047 (+618%), from €655 to €4,702
mainly Net result for the year (+€46,928) and Depreciation (+€17,853)
- Profit (loss) carried forward +€46,928
up €46,928, from -€44,363 to €2,566
- Other debts -€35,337
down €35,337 (-26.4%), from €133,871 to €98,534
- Current portion of long-term debt +€14,025
up €14,025 (+99.1%), from €14,159 to €28,184
- Trade debts -€8,518
down €8,518 (-63.9%), from €13,333 to €4,815
- Debts after one year -€6,068
down €6,068 (-2.8%), from €216,168 to €210,099
- Gross operating margin +€53,194
up €53,194 (+254%), from €20,977 to €74,171
- Depreciation +€4,018
up €4,018 (+29.0%), from €13,835 to €17,853
- Taxes +€1,282
new in 2025: €1,282
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 | €388,231 | €403,590 | +€15,359 | +4.0% |
| Fixed assets | 21/28 | €369,190 | €385,230 | +€16,041 | +4.3% |
| Tangible fixed assets | 22/27 | €369,190 | €385,230 | +€16,041 | +4.3% |
| Land and buildings | 22 | €369,190 | €362,005 | -€7,185 | -1.9% |
| Furniture and vehicles | 24 | - | €23,225 | +€23,225 | |
| Current assets | 29/58 | €19,042 | €18,360 | -€682 | -3.6% |
| Amounts receivable within one year | 40/41 | €17,207 | €13,266 | -€3,941 | -22.9% |
| Trade receivables | 40 | €17,207 | €13,266 | -€3,941 | -22.9% |
| Cash at bank and in hand | 54/58 | €655 | €4,702 | +€4,047 | +618% |
| Deferred charges and accrued income | 490/1 | €1,179 | €392 | -€788 | -66.8% |
| Total equity and liabilities | 10/49 | €388,231 | €403,590 | +€15,359 | +4.0% |
| Equity | 10/15 | €5,637 | €52,566 | +€46,928 | +832% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,363 | €2,566 | +€46,928 | |
| Amounts payable | 17/49 | €382,594 | €351,024 | -€31,570 | -8.3% |
| Amounts payable after more than one year | 17 | €216,168 | €210,099 | -€6,068 | -2.8% |
| Financial debts | 170/4 | €216,168 | €210,099 | -€6,068 | -2.8% |
| Amounts payable within one year | 42/48 | €166,426 | €140,925 | -€25,502 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €14,159 | €28,184 | +€14,025 | +99.1% |
| Trade debts | 44 | €13,333 | €4,815 | -€8,518 | -63.9% |
| Suppliers | 440/4 | €13,333 | €4,815 | -€8,518 | -63.9% |
| Advances received on contracts in progress | 46 | €3,000 | €2,600 | -€400 | -13.3% |
| Taxes, remuneration and social security | 45 | €2,063 | €6,792 | +€4,729 | +229% |
| Taxes | 450/3 | €2,063 | €6,792 | +€4,729 | +229% |
| Other amounts payable | 47/48 | €133,871 | €98,534 | -€35,337 | -26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,835 | €17,853 | +€4,018 | +29.0% |
| Other operating charges | 640/8 | €4,259 | €4,150 | -€109 | -2.6% |
| Gross operating margin | 9900 | €20,977 | €74,171 | +€53,194 | +254% |
| Operating profit (loss) | 9901 | €2,883 | €52,168 | +€49,286 | +1,710% |
| Financial charges | 65/66B | €3,937 | €3,958 | +€21 | +0.5% |
| Recurring financial charges | 65 | €3,937 | €3,958 | +€21 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,054 | €48,210 | +€49,265 | |
| Income taxes | 67/77 | - | €1,282 | +€1,282 | |
| Profit (loss) for the period | 9904 | -€1,054 | €46,928 | +€47,983 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,054 | €46,928 | +€47,983 |
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.