VINCENT BUCK: 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 BUCK
Largest movements
- Cash -€119,208
down €119,208 (-41.1%), from €289,797 to €170,589
mainly Contributions, distributions and other (-€140,594) and Receivables within one year (-€7,270)
- Receivables within one year +€7,270
up €7,270 (+241%), from €3,021 to €10,290
of which Other amounts receivable: +€5,784
- Tangible fixed assets -€6,579
down €6,579 (-48.1%), from €13,684 to €7,106
- Reserves -€121,594
down €121,594 (-58.6%), from €207,346 to €85,752
of which Tax-exempt reserves: -€148,944
- Tax, wage and social debts +€8,224
up €8,224 (+373%), from €2,207 to €10,431
- Gross operating margin +€23,668
up €23,668 (+358%), from €6,606 to €30,274
- Taxes +€1,940
up €1,940 (+532%), from €365 to €2,304
- Depreciation -€1,722
down €1,722 (-16.6%), from €10,382 to €8,661
- Other operating charges -€1,065
down €1,065 (-50.6%), from €2,106 to €1,041
- Financial income -€333
down €333 (-24.6%), from €1,353 to €1,019
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 | €308,674 | €190,630 | -€118,044 | -38.2% |
| Fixed assets | 21/28 | €14,734 | €8,156 | -€6,579 | -44.6% |
| Tangible fixed assets | 22/27 | €13,684 | €7,106 | -€6,579 | -48.1% |
| Furniture and vehicles | 24 | €13,684 | €7,106 | -€6,579 | -48.1% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €293,940 | €182,475 | -€111,465 | -37.9% |
| Amounts receivable within one year | 40/41 | €3,021 | €10,290 | +€7,270 | +241% |
| Trade receivables | 40 | €2,982 | €4,467 | +€1,485 | +49.8% |
| Other amounts receivable | 41 | €39 | €5,823 | +€5,784 | +14,824% |
| Cash at bank and in hand | 54/58 | €289,797 | €170,589 | -€119,208 | -41.1% |
| Deferred charges and accrued income | 490/1 | €1,123 | €1,596 | +€473 | +42.1% |
| Total equity and liabilities | 10/49 | €308,674 | €190,630 | -€118,044 | -38.2% |
| Equity | 10/15 | €298,298 | €176,902 | -€121,397 | -40.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €207,346 | €85,752 | -€121,594 | -58.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €205,486 | €56,542 | -€148,944 | -72.5% |
| Distributable reserves | 133 | - | €27,350 | +€27,350 | |
| Profit (loss) carried forward | 14 | €72,352 | €72,549 | +€198 | +0.3% |
| Amounts payable | 17/49 | €10,376 | €13,729 | +€3,353 | +32.3% |
| Amounts payable within one year | 42/48 | €10,376 | €13,729 | +€3,353 | +32.3% |
| Trade debts | 44 | €5,358 | €3,298 | -€2,060 | -38.4% |
| Suppliers | 440/4 | €5,358 | €3,298 | -€2,060 | -38.4% |
| Taxes, remuneration and social security | 45 | €2,207 | €10,431 | +€8,224 | +373% |
| Taxes | 450/3 | €2,207 | €10,431 | +€8,224 | +373% |
| Other amounts payable | 47/48 | €2,811 | - | -€2,811 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,382 | €8,661 | -€1,722 | -16.6% |
| Other operating charges | 640/8 | €2,106 | €1,041 | -€1,065 | -50.6% |
| Gross operating margin | 9900 | €6,606 | €30,274 | +€23,668 | +358% |
| Operating profit (loss) | 9901 | -€5,883 | €20,573 | +€26,455 | |
| Financial income | 75/76B | €1,353 | €1,019 | -€333 | -24.6% |
| Recurring financial income | 75 | €1,353 | €1,019 | -€333 | -24.6% |
| Financial charges | 65/66B | €268 | €90 | -€177 | -66.3% |
| Recurring financial charges | 65 | €268 | €90 | -€177 | -66.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,798 | €21,502 | +€26,300 | |
| Income taxes | 67/77 | €365 | €2,304 | +€1,940 | +532% |
| Profit (loss) for the period | 9904 | -€5,162 | €19,198 | +€24,360 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,162 | €19,198 | +€24,360 |
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.