VINCENT BACHY: 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 BACHY
Largest movements
- Financial fixed assets +€30,900
up €30,900 (+12.0%), from €257,718 to €288,618
- Receivables within one year +€10,895
up €10,895 (+34.7%), from €31,441 to €42,336
- Profit (loss) carried forward +€84,551
up €84,551 (+85.4%), from €98,948 to €183,498
- Other debts -€32,143
down €32,143 (-69.3%), from €46,398 to €14,255
- Debts after one year -€20,712
down €20,712 (-22.1%), from €93,692 to €72,980
- Current portion of long-term debt +€14,244
up €14,244 (+61.5%), from €23,176 to €37,420
- Tax, wage and social debts -€7,314
down €7,314 (-22.3%), from €32,821 to €25,507
- Gross operating margin -€13,046
down €13,046 (-9.1%), from €143,035 to €129,989
- Taxes +€2,776
up €2,776 (+9.4%), from €29,415 to €32,191
- Financial charges -€1,791
down €1,791 (-16.8%), from €10,681 to €8,890
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 | €304,669 | €344,851 | +€40,182 | +13.2% |
| Fixed assets | 21/28 | €265,516 | €294,411 | +€28,895 | +10.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €7,798 | €5,793 | -€2,005 | -25.7% |
| Plant, machinery and equipment | 23 | €729 | €395 | -€334 | -45.8% |
| Furniture and vehicles | 24 | €2,717 | €2,133 | -€584 | -21.5% |
| Other tangible fixed assets | 26 | €4,353 | €3,265 | -€1,088 | -25.0% |
| Financial fixed assets | 28 | €257,718 | €288,618 | +€30,900 | +12.0% |
| Current assets | 29/58 | €39,153 | €50,441 | +€11,288 | +28.8% |
| Amounts receivable within one year | 40/41 | €31,441 | €42,336 | +€10,895 | +34.7% |
| Trade receivables | 40 | €31,441 | €42,336 | +€10,895 | +34.7% |
| Cash at bank and in hand | 54/58 | €5,350 | €5,964 | +€614 | +11.5% |
| Deferred charges and accrued income | 490/1 | €2,362 | €2,141 | -€221 | -9.4% |
| Total equity and liabilities | 10/49 | €304,669 | €344,851 | +€40,182 | +13.2% |
| Equity | 10/15 | €103,836 | €188,387 | +€84,551 | +81.4% |
| Contributions | 10/11 | €3,028 | €3,028 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,948 | €183,498 | +€84,551 | +85.4% |
| Amounts payable | 17/49 | €200,833 | €156,465 | -€44,368 | -22.1% |
| Amounts payable after more than one year | 17 | €93,692 | €72,980 | -€20,712 | -22.1% |
| Financial debts | 170/4 | €93,692 | €72,980 | -€20,712 | -22.1% |
| Amounts payable within one year | 42/48 | €107,141 | €81,085 | -€26,056 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €23,176 | €37,420 | +€14,244 | +61.5% |
| Financial debts | 43 | - | €666 | +€666 | |
| Credit institutions | 430/8 | - | €666 | +€666 | |
| Trade debts | 44 | €4,746 | €3,237 | -€1,509 | -31.8% |
| Suppliers | 440/4 | €4,746 | €3,237 | -€1,509 | -31.8% |
| Taxes, remuneration and social security | 45 | €32,821 | €25,507 | -€7,314 | -22.3% |
| Taxes | 450/3 | €32,821 | €25,507 | -€7,314 | -22.3% |
| Other amounts payable | 47/48 | €46,398 | €14,255 | -€32,143 | -69.3% |
| Accrued charges and deferred income | 492/3 | - | €2,400 | +€2,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,745 | €3,074 | +€330 | +12.0% |
| Other operating charges | 640/8 | €387 | €450 | +€62 | +16.1% |
| Gross operating margin | 9900 | €143,035 | €129,989 | -€13,046 | -9.1% |
| Operating profit (loss) | 9901 | €139,903 | €126,465 | -€13,438 | -9.6% |
| Financial charges | 65/66B | €10,681 | €8,890 | -€1,791 | -16.8% |
| Recurring financial charges | 65 | €10,681 | €8,890 | -€1,791 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €129,222 | €117,575 | -€11,647 | -9.0% |
| Income taxes | 67/77 | €29,415 | €32,191 | +€2,776 | +9.4% |
| Profit (loss) for the period | 9904 | €99,807 | €85,384 | -€14,423 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €99,807 | €85,384 | -€14,423 | -14.5% |
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 22 October 2026 via checked.be.