VINCENT INVEST: what changed
VINCENT INVEST
Largest movements
- Tangible fixed assets +€367,632
up €367,632 (+97.7%), from €376,206 to €743,838
of which Land and buildings: +€368,480
- Cash -€22,311
down €22,311 (-61.2%), from €36,478 to €14,167
mainly Investment in fixed assets (net) (-€456,921) and Net result for the year (-€35,933)
- Debts after one year +€309,279
up €309,279 (+183%), from €169,359 to €478,637
of which Financial debts: +€307,919
- Other debts +€65,000
up €65,000 (+136%), from €47,656 to €112,656
- Profit (loss) carried forward -€31,390
down €31,390, from €5,957 to -€25,433
- Current portion of long-term debt +€18,474
up €18,474 (+105%), from €17,524 to €35,998
- Depreciation +€75,203
up €75,203 (+534%), from €14,086 to €89,289
- Gross operating margin +€8,316
up €8,316 (+12.8%), from €64,953 to €73,269
- Taxes -€8,024
down €8,024 (-67.5%), from €11,889 to €3,864
- Financial charges +€5,163
up €5,163 (+238%), from €2,169 to €7,332
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €412,840 | €759,671 | +€346,831 | +84.0% |
| Fixed assets | 21/28 | €376,206 | €743,838 | +€367,632 | +97.7% |
| Tangible fixed assets | 22/27 | €376,206 | €743,838 | +€367,632 | +97.7% |
| Land and buildings | 22 | €372,480 | €740,960 | +€368,480 | +98.9% |
| Plant, machinery and equipment | 23 | €2,791 | €2,497 | -€294 | -10.5% |
| Furniture and vehicles | 24 | €935 | €382 | -€554 | -59.2% |
| Current assets | 29/58 | €36,634 | €15,833 | -€20,801 | -56.8% |
| Cash at bank and in hand | 54/58 | €36,478 | €14,167 | -€22,311 | -61.2% |
| Deferred charges and accrued income | 490/1 | €156 | €1,666 | +€1,510 | +965% |
| Total equity and liabilities | 10/49 | €412,840 | €759,671 | +€346,831 | +84.0% |
| Equity | 10/15 | €126,052 | €90,120 | -€35,933 | -28.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €118,095 | €113,553 | -€4,542 | -3.8% |
| Tax-exempt reserves | 132 | €118,095 | €113,553 | -€4,542 | -3.8% |
| Profit (loss) carried forward | 14 | €5,957 | -€25,433 | -€31,390 | |
| Provisions and deferred taxes | 16 | €39,365 | €37,851 | -€1,514 | -3.8% |
| Deferred taxes | 168 | €39,365 | €37,851 | -€1,514 | -3.8% |
| Amounts payable | 17/49 | €247,422 | €631,701 | +€384,278 | +155% |
| Amounts payable after more than one year | 17 | €169,359 | €478,637 | +€309,279 | +183% |
| Financial debts | 170/4 | €169,359 | €477,277 | +€307,919 | +182% |
| Other amounts payable | 178/9 | - | €1,360 | +€1,360 | |
| Amounts payable within one year | 42/48 | €77,148 | €153,063 | +€75,915 | +98.4% |
| Current portion of amounts payable after more than one year | 42 | €17,524 | €35,998 | +€18,474 | +105% |
| Trade debts | 44 | €11,967 | €4,409 | -€7,559 | -63.2% |
| Suppliers | 440/4 | €11,967 | €4,409 | -€7,559 | -63.2% |
| Other amounts payable | 47/48 | €47,656 | €112,656 | +€65,000 | +136% |
| Accrued charges and deferred income | 492/3 | €916 | - | -€916 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,086 | €89,289 | +€75,203 | +534% |
| Other operating charges | 640/8 | €10,207 | €10,230 | +€23 | +0.2% |
| Gross operating margin | 9900 | €64,953 | €73,269 | +€8,316 | +12.8% |
| Operating profit (loss) | 9901 | €40,660 | -€26,250 | -€66,910 | |
| Financial charges | 65/66B | €2,169 | €7,332 | +€5,163 | +238% |
| Recurring financial charges | 65 | €2,169 | €7,332 | +€5,163 | +238% |
| Profit (loss) for the period before taxes | 9903 | €38,491 | -€33,582 | -€72,073 | |
| Transfer from deferred taxes | 780 | €1,514 | €1,514 | = | 0.0% |
| Income taxes | 67/77 | €11,889 | €3,864 | -€8,024 | -67.5% |
| Profit (loss) for the period | 9904 | €28,116 | -€35,933 | -€64,049 | |
| Transfer from tax-exempt reserves | 789 | €4,542 | €4,542 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,659 | -€31,390 | -€64,049 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.