VINCENT: 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.
VINCENT
Largest movements
- Stocks and contracts +€32,286
up €32,286 (+23.2%), from €138,980 to €171,266
- Receivables within one year +€24,330
up €24,330 (+6.8%), from €355,269 to €379,599
of which Trade receivables: +€16,755
- Cash -€18,634
down €18,634 (-14.1%), from €132,135 to €113,502
mainly Stocks and contracts (-€32,286) and Tax, wage and social debts (-€27,506)
- Deferred charges and accrued income +€18,206
up €18,206 (+424%), from €4,294 to €22,500
- Trade debts +€61,787
up €61,787 (+31.9%), from €193,790 to €255,577
- Tax, wage and social debts -€27,506
down €27,506 (-37.1%), from €74,044 to €46,538
of which Remuneration and social security: -€23,011
- Staff costs -€115,617
down €115,617 (-19.0%), from €608,458 to €492,841
- Write-downs +€20,670
new in 2024: €20,670
- Gross operating margin -€16,422
down €16,422 (-2.8%), from €581,808 to €565,386
- Depreciation -€8,566
down €8,566 (-24.4%), from €35,086 to €26,520
- Other operating charges +€7,092
up €7,092 (+113%), from €6,290 to €13,382
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €737,365 | €788,193 | +€50,828 | +6.9% |
| Fixed assets | 21/28 | €106,687 | €101,327 | -€5,361 | -5.0% |
| Tangible fixed assets | 22/27 | €105,497 | €100,137 | -€5,361 | -5.1% |
| Land and buildings | 22 | €50,052 | €41,677 | -€8,375 | -16.7% |
| Plant, machinery and equipment | 23 | €49,849 | €54,621 | +€4,772 | +9.6% |
| Furniture and vehicles | 24 | €5,596 | €3,839 | -€1,758 | -31.4% |
| Financial fixed assets | 28 | €1,190 | €1,190 | = | 0.0% |
| Current assets | 29/58 | €630,678 | €686,866 | +€56,188 | +8.9% |
| Stocks and contracts in progress | 3 | €138,980 | €171,266 | +€32,286 | +23.2% |
| Stocks | 30/36 | €138,980 | €171,266 | +€32,286 | +23.2% |
| Amounts receivable within one year | 40/41 | €355,269 | €379,599 | +€24,330 | +6.8% |
| Trade receivables | 40 | €315,982 | €332,738 | +€16,755 | +5.3% |
| Other amounts receivable | 41 | €39,287 | €46,861 | +€7,574 | +19.3% |
| Cash at bank and in hand | 54/58 | €132,135 | €113,502 | -€18,634 | -14.1% |
| Deferred charges and accrued income | 490/1 | €4,294 | €22,500 | +€18,206 | +424% |
| Total equity and liabilities | 10/49 | €737,365 | €788,193 | +€50,828 | +6.9% |
| Equity | 10/15 | €365,383 | €370,972 | +€5,589 | +1.5% |
| Contributions | 10/11 | €314,697 | €314,697 | = | 0.0% |
| Capital | 10 | €314,697 | €314,697 | = | 0.0% |
| Issued capital | 100 | €314,697 | €314,697 | = | 0.0% |
| Reserves | 13 | €124,099 | €124,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,470 | €31,470 | = | 0.0% |
| Legal reserve | 130 | €31,470 | €31,470 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,250 | €27,250 | = | 0.0% |
| Distributable reserves | 133 | €65,379 | €65,379 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,413 | -€67,824 | +€5,589 | +7.6% |
| Amounts payable | 17/49 | €371,983 | €417,221 | +€45,239 | +12.2% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Financial debts | 170/4 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €341,983 | €382,927 | +€40,945 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €193,790 | €255,577 | +€61,787 | +31.9% |
| Suppliers | 440/4 | €193,790 | €255,577 | +€61,787 | +31.9% |
| Taxes, remuneration and social security | 45 | €74,044 | €46,538 | -€27,506 | -37.1% |
| Taxes | 450/3 | €12,612 | €8,117 | -€4,495 | -35.6% |
| Remuneration and social security | 454/9 | €61,432 | €38,421 | -€23,011 | -37.5% |
| Other amounts payable | 47/48 | €44,149 | €50,812 | +€6,664 | +15.1% |
| Accrued charges and deferred income | 492/3 | - | €4,294 | +€4,294 | |
| Remuneration, social security and pensions | 62 | €608,458 | €492,841 | -€115,617 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,086 | €26,520 | -€8,566 | -24.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €20,670 | +€20,670 | |
| Other operating charges | 640/8 | €6,290 | €13,382 | +€7,092 | +113% |
| Gross operating margin | 9900 | €581,808 | €565,386 | -€16,422 | -2.8% |
| Operating profit (loss) | 9901 | -€68,027 | €11,972 | +€79,999 | |
| Financial income | 75/76B | €930 | €2,663 | +€1,733 | +186% |
| Recurring financial income | 75 | €930 | €2,663 | +€1,733 | +186% |
| Financial charges | 65/66B | €5,888 | €7,432 | +€1,544 | +26.2% |
| Recurring financial charges | 65 | €5,888 | €7,432 | +€1,544 | +26.2% |
| Profit (loss) for the period before taxes | 9903 | -€72,985 | €7,203 | +€80,188 | |
| Income taxes | 67/77 | €428 | €1,614 | +€1,185 | +277% |
| Profit (loss) for the period | 9904 | -€73,413 | €5,589 | +€79,002 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€73,413 | €5,589 | +€79,002 |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.