VINCENT COP: what changed
Two fiscal 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 COP
Largest movements
- Stocks and contracts +€227,566
up €227,566 (+258.2%), from €88,125 to €315,691
- Cash -€205,192
down €205,192 (-81.4%), from €252,110 to €46,918
mainly Stocks and contracts (-€227,566) and Receivables within one year (-€44,241)
- Receivables within one year +€44,241
up €44,241 (+984.7%), from €4,493 to €48,734
of which Other amounts receivable: +€34,926
- Trade debts +€74,872
up €74,872 (+2719.4%), from €2,753 to €77,625
- Other debts -€7,199
down €7,199 (-23.5%), from €30,654 to €23,455
- Tax, wage and social debts -€6,476
down €6,476 (-81.3%), from €7,966 to €1,491
- Reserves +€4,858
up €4,858 (+2.4%), from €203,449 to €208,307
of which Distributable reserves: +€4,858
- Gross operating margin -€25,562
down €25,562 (-69.0%), from €37,060 to €11,499
- Taxes -€9,036
down €9,036 (-69.5%), from €12,998 to €3,962
- Other operating charges +€1,513
up €1,513 (+2114.6%), from €72 to €1,584
- Financial income +€835
up €835 (+401.5%), from €208 to €1,043
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.
Cash bridge derived
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 | €353,654 | €418,909 | +€65,255 | +18.5% |
| Fixed assets | 21/28 | €7,763 | €6,963 | -€800 | -10.3% |
| Tangible fixed assets | 22/27 | €2,400 | €1,600 | -€800 | -33.3% |
| Land and buildings | 22 | €2,400 | €1,600 | -€800 | -33.3% |
| Financial fixed assets | 28 | €5,363 | €5,363 | = | 0.0% |
| Current assets | 29/58 | €345,891 | €411,946 | +€66,055 | +19.1% |
| Stocks and contracts in progress | 3 | €88,125 | €315,691 | +€227,566 | +258.2% |
| Stocks | 30/36 | €88,125 | €315,691 | +€227,566 | +258.2% |
| Amounts receivable within one year | 40/41 | €4,493 | €48,734 | +€44,241 | +984.7% |
| Trade receivables | 40 | €4,356 | €13,672 | +€9,316 | +213.9% |
| Other amounts receivable | 41 | €137 | €35,062 | +€34,926 | +25534.2% |
| Cash at bank and in hand | 54/58 | €252,110 | €46,918 | -€205,192 | -81.4% |
| Deferred charges and accrued income | 490/1 | €1,163 | €604 | -€559 | -48.1% |
| Total equity and liabilities | 10/49 | €353,654 | €418,909 | +€65,255 | +18.5% |
| Equity | 10/15 | €312,280 | €316,338 | +€4,058 | +1.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €203,449 | €208,307 | +€4,858 | +2.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €201,449 | €206,307 | +€4,858 | +2.4% |
| Profit (loss) carried forward | 14 | €88,831 | €88,031 | -€800 | -0.9% |
| Amounts payable | 17/49 | €41,374 | €102,571 | +€61,197 | +147.9% |
| Amounts payable within one year | 42/48 | €41,374 | €102,571 | +€61,197 | +147.9% |
| Trade debts | 44 | €2,753 | €77,625 | +€74,872 | +2719.4% |
| Suppliers | 440/4 | €2,753 | €77,625 | +€74,872 | +2719.4% |
| Taxes, remuneration and social security | 45 | €7,966 | €1,491 | -€6,476 | -81.3% |
| Taxes | 450/3 | €7,966 | €1,491 | -€6,476 | -81.3% |
| Other amounts payable | 47/48 | €30,654 | €23,455 | -€7,199 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €884 | €800 | -€84 | -9.5% |
| Other operating charges | 640/8 | €72 | €1,584 | +€1,513 | +2114.6% |
| Gross operating margin | 9900 | €37,060 | €11,499 | -€25,562 | -69.0% |
| Operating profit (loss) | 9901 | €36,104 | €9,114 | -€26,990 | -74.8% |
| Financial income | 75/76B | €208 | €1,043 | +€835 | +401.5% |
| Recurring financial income | 75 | €208 | €1,043 | +€835 | +401.5% |
| Financial charges | 65/66B | €1,330 | €1,337 | +€6 | +0.5% |
| Recurring financial charges | 65 | €1,330 | €1,337 | +€6 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €34,982 | €8,820 | -€26,162 | -74.8% |
| Income taxes | 67/77 | €12,998 | €3,962 | -€9,036 | -69.5% |
| Profit (loss) for the period | 9904 | €21,984 | €4,858 | -€17,126 | -77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,984 | €4,858 | -€17,126 | -77.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.