VINCENT A.P.: 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 A.P.
Largest movements
- Tangible fixed assets -€23,716
down €23,716 (-46.0%), from €51,526 to €27,811
of which Land and buildings: -€16,919
- Receivables within one year +€13,423
up €13,423 (+149%), from €8,982 to €22,405
of which Trade receivables: +€12,264
- Cash +€13,168
up €13,168 (+18.0%), from €73,058 to €86,226
mainly Net result for the year (+€27,451) and Depreciation (+€23,716)
- Profit (loss) carried forward +€26,618
up €26,618, from -€21,360 to €5,258
- Other debts -€16,977
down €16,977 (-26.3%), from €64,462 to €47,485
- Trade debts +€8,706
up €8,706 (+1,318%), from €660 to €9,366
- Debts after one year -€8,053
down €8,053 (-12.3%), from €65,357 to €57,304
- Current portion of long-term debt -€5,823
down €5,823 (-42.0%), from €13,876 to €8,053
- Gross operating margin +€50,596
up €50,596 (+750%), from €6,747 to €57,343
- Financial charges -€2,642
down €2,642 (-37.9%), from €6,969 to €4,327
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 | €184,232 | €187,279 | +€3,047 | +1.7% |
| Fixed assets | 21/28 | €51,526 | €27,811 | -€23,716 | -46.0% |
| Tangible fixed assets | 22/27 | €51,526 | €27,811 | -€23,716 | -46.0% |
| Land and buildings | 22 | €41,317 | €24,399 | -€16,919 | -40.9% |
| Plant, machinery and equipment | 23 | €3,789 | €2,596 | -€1,193 | -31.5% |
| Furniture and vehicles | 24 | €6,420 | €816 | -€5,604 | -87.3% |
| Current assets | 29/58 | €132,706 | €159,469 | +€26,763 | +20.2% |
| Stocks and contracts in progress | 3 | €42,819 | €41,755 | -€1,063 | -2.5% |
| Stocks | 30/36 | €42,819 | €41,755 | -€1,063 | -2.5% |
| Amounts receivable within one year | 40/41 | €8,982 | €22,405 | +€13,423 | +149% |
| Trade receivables | 40 | €7,920 | €20,184 | +€12,264 | +155% |
| Other amounts receivable | 41 | €1,061 | €2,220 | +€1,159 | +109% |
| Cash at bank and in hand | 54/58 | €73,058 | €86,226 | +€13,168 | +18.0% |
| Deferred charges and accrued income | 490/1 | €7,848 | €9,083 | +€1,235 | +15.7% |
| Total equity and liabilities | 10/49 | €184,232 | €187,279 | +€3,047 | +1.7% |
| Equity | 10/15 | €34,930 | €61,548 | +€26,618 | +76.2% |
| Contributions | 10/11 | €55,822 | €55,822 | = | 0.0% |
| Reserves | 13 | €468 | €468 | = | 0.0% |
| Distributable reserves | 133 | €468 | €468 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,360 | €5,258 | +€26,618 | |
| Amounts payable | 17/49 | €149,302 | €125,732 | -€23,571 | -15.8% |
| Amounts payable after more than one year | 17 | €65,357 | €57,304 | -€8,053 | -12.3% |
| Financial debts | 170/4 | €65,357 | €57,304 | -€8,053 | -12.3% |
| Amounts payable within one year | 42/48 | €78,998 | €65,954 | -€13,043 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €13,876 | €8,053 | -€5,823 | -42.0% |
| Trade debts | 44 | €660 | €9,366 | +€8,706 | +1,318% |
| Suppliers | 440/4 | €660 | €9,366 | +€8,706 | +1,318% |
| Taxes, remuneration and social security | 45 | - | €1,050 | +€1,050 | |
| Taxes | 450/3 | - | €1,050 | +€1,050 | |
| Other amounts payable | 47/48 | €64,462 | €47,485 | -€16,977 | -26.3% |
| Accrued charges and deferred income | 492/3 | €4,947 | €2,473 | -€2,474 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,087 | €23,716 | -€371 | -1.5% |
| Other operating charges | 640/8 | €2,631 | €2,664 | +€33 | +1.2% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €6,747 | €57,343 | +€50,596 | +750% |
| Operating profit (loss) | 9901 | -€19,971 | €30,963 | +€50,934 | |
| Financial income | 75/76B | €444 | €814 | +€370 | +83.5% |
| Recurring financial income | 75 | €444 | €814 | +€370 | +83.5% |
| Financial charges | 65/66B | €6,969 | €4,327 | -€2,642 | -37.9% |
| Recurring financial charges | 65 | €6,969 | €4,327 | -€2,642 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | -€26,496 | €27,451 | +€53,947 | |
| Profit (loss) for the period | 9904 | -€26,496 | €27,451 | +€53,947 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,496 | €27,451 | +€53,947 |
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 26 October 2026 via checked.be.