Vincent & Jules: 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 & Jules
Largest movements
- Receivables within one year +€10,416
up €10,416 (+94.5%), from €11,025 to €21,441
of which Trade receivables: +€11,002
- Cash +€9,014
up €9,014 (+31.5%), from €28,595 to €37,609
mainly Net result for the year (+€28,937) and Depreciation (+€4,284)
- Reserves +€28,937
up €28,937 (+165.9%), from €17,445 to €46,381
- Other debts -€9,069
down €9,069 (-82.6%), from €10,980 to €1,912
- Gross operating margin -€5,058
down €5,058 (-10.1%), from €50,209 to €45,151
- Taxes +€2,707
up €2,707 (+32.2%), from €8,414 to €11,121
- Depreciation +€1,438
up €1,438 (+50.5%), from €2,846 to €4,284
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 | €49,237 | €69,050 | +€19,813 | +40.2% |
| Fixed assets | 21/28 | €9,485 | €9,545 | +€60 | +0.6% |
| Tangible fixed assets | 22/27 | €9,485 | €9,545 | +€60 | +0.6% |
| Plant, machinery and equipment | 23 | - | €961 | +€961 | |
| Furniture and vehicles | 24 | €9,485 | €8,584 | -€901 | -9.5% |
| Current assets | 29/58 | €39,752 | €59,505 | +€19,754 | +49.7% |
| Amounts receivable within one year | 40/41 | €11,025 | €21,441 | +€10,416 | +94.5% |
| Trade receivables | 40 | €10,439 | €21,441 | +€11,002 | +105.4% |
| Other amounts receivable | 41 | €586 | €0 | -€586 | -100.0% |
| Cash at bank and in hand | 54/58 | €28,595 | €37,609 | +€9,014 | +31.5% |
| Deferred charges and accrued income | 490/1 | €131 | €455 | +€323 | +245.9% |
| Total equity and liabilities | 10/49 | €49,237 | €69,050 | +€19,813 | +40.2% |
| Equity | 10/15 | €29,845 | €58,781 | +€28,937 | +97.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €17,445 | €46,381 | +€28,937 | +165.9% |
| Distributable reserves | 133 | €17,445 | €46,381 | +€28,937 | +165.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,392 | €10,269 | -€9,123 | -47.0% |
| Amounts payable within one year | 42/48 | €19,392 | €10,269 | -€9,123 | -47.0% |
| Trade debts | 44 | €1,637 | €1,012 | -€625 | -38.2% |
| Suppliers | 440/4 | €1,637 | €1,012 | -€625 | -38.2% |
| Taxes, remuneration and social security | 45 | €6,775 | €7,345 | +€571 | +8.4% |
| Taxes | 450/3 | €6,775 | €7,345 | +€571 | +8.4% |
| Other amounts payable | 47/48 | €10,980 | €1,912 | -€9,069 | -82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,846 | €4,284 | +€1,438 | +50.5% |
| Other operating charges | 640/8 | €658 | €674 | +€16 | +2.5% |
| Gross operating margin | 9900 | €50,209 | €45,151 | -€5,058 | -10.1% |
| Operating profit (loss) | 9901 | €46,704 | €40,192 | -€6,512 | -13.9% |
| Financial charges | 65/66B | €165 | €134 | -€31 | -18.9% |
| Recurring financial charges | 65 | €165 | €134 | -€31 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €46,539 | €40,058 | -€6,481 | -13.9% |
| Income taxes | 67/77 | €8,414 | €11,121 | +€2,707 | +32.2% |
| Profit (loss) for the period | 9904 | €38,125 | €28,937 | -€9,188 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,125 | €28,937 | -€9,188 | -24.1% |
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 10 October 2026 via checked.be.