VINCEMMA: 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.
VINCEMMA
Largest movements
- Cash +€267,963
up €267,963 (+405%), from €66,168 to €334,130
mainly Net result for the year (+€277,053) and Tax, wage and social debts (+€202,798)
- Receivables within one year +€36,300
new in 2025: €36,300
- Current investments +€17,000
up €17,000 (+21.2%), from €80,138 to €97,138
- Deferred charges and accrued income +€5,148
new in 2025: €5,148
- Tax, wage and social debts +€202,798
up €202,798 (+3,000%), from €6,761 to €209,559
- Reserves +€103,627
up €103,627 (+81.0%), from €127,998 to €231,625
of which Distributable reserves: +€217,515
- Accrued charges and deferred income +€16,932
new in 2025: €16,932
- Trade debts +€5,489
up €5,489 (+3,435%), from €160 to €5,649
- Gross operating margin +€443,945
up €443,945 (+1,929%), from €23,011 to €466,956
- Taxes +€179,387
up €179,387 (+2,653%), from €6,761 to €186,148
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 | €155,399 | €484,245 | +€328,846 | +212% |
| Fixed assets | 21/28 | €9,093 | €11,528 | +€2,435 | +26.8% |
| Tangible fixed assets | 22/27 | €9,093 | €11,528 | +€2,435 | +26.8% |
| Land and buildings | 22 | €6,005 | €3,239 | -€2,766 | -46.1% |
| Plant, machinery and equipment | 23 | €950 | €1,615 | +€665 | +70.0% |
| Furniture and vehicles | 24 | €139 | €4,675 | +€4,536 | +3,255% |
| Other tangible fixed assets | 26 | €1,999 | €1,999 | = | 0.0% |
| Current assets | 29/58 | €146,306 | €472,717 | +€326,411 | +223% |
| Amounts receivable within one year | 40/41 | - | €36,300 | +€36,300 | |
| Trade receivables | 40 | - | €36,300 | +€36,300 | |
| Current investments | 50/53 | €80,138 | €97,138 | +€17,000 | +21.2% |
| Cash at bank and in hand | 54/58 | €66,168 | €334,130 | +€267,963 | +405% |
| Deferred charges and accrued income | 490/1 | - | €5,148 | +€5,148 | |
| Total equity and liabilities | 10/49 | €155,399 | €484,245 | +€328,846 | +212% |
| Equity | 10/15 | €148,478 | €252,105 | +€103,627 | +69.8% |
| Contributions | 10/11 | €20,480 | €20,480 | = | 0.0% |
| Reserves | 13 | €127,998 | €231,625 | +€103,627 | +81.0% |
| Tax-exempt reserves | 132 | €113,888 | - | -€113,888 | |
| Distributable reserves | 133 | €14,110 | €231,625 | +€217,515 | +1,542% |
| Amounts payable | 17/49 | €6,921 | €232,140 | +€225,219 | +3,254% |
| Amounts payable within one year | 42/48 | €6,921 | €215,207 | +€208,287 | +3,010% |
| Trade debts | 44 | €160 | €5,649 | +€5,489 | +3,435% |
| Suppliers | 440/4 | €160 | €5,649 | +€5,489 | +3,435% |
| Taxes, remuneration and social security | 45 | €6,761 | €209,559 | +€202,798 | +3,000% |
| Taxes | 450/3 | €6,761 | €209,559 | +€202,798 | +3,000% |
| Other amounts payable | 47/48 | - | €0 | +€0 | |
| Accrued charges and deferred income | 492/3 | - | €16,932 | +€16,932 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,650 | €3,653 | +€2,003 | +121% |
| Other operating charges | 640/8 | €525 | €531 | +€7 | +1.3% |
| Gross operating margin | 9900 | €23,011 | €466,956 | +€443,945 | +1,929% |
| Operating profit (loss) | 9901 | €20,837 | €462,771 | +€441,935 | +2,121% |
| Financial income | 75/76B | €34 | €514 | +€480 | +1,410% |
| Recurring financial income | 75 | €34 | €514 | +€480 | +1,410% |
| Financial charges | 65/66B | - | €84 | +€84 | |
| Recurring financial charges | 65 | - | €84 | +€84 | |
| Profit (loss) for the period before taxes | 9903 | €20,871 | €463,201 | +€442,330 | +2,119% |
| Income taxes | 67/77 | €6,761 | €186,148 | +€179,387 | +2,653% |
| Profit (loss) for the period | 9904 | €14,110 | €277,053 | +€262,943 | +1,864% |
| Profit (loss) for the period to be appropriated | 9905 | €14,110 | €277,053 | +€262,943 | +1,864% |
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 23 October 2026 via checked.be.