Vincent Management Advisory Services: 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 Management Advisory Services
Largest movements
- Cash +€26,002
up €26,002 (+31.8%), from €81,837 to €107,838
mainly Provisions (+€45,062) and Other debts (+€24,860)
- Receivables within one year +€25,829
up €25,829 (+275%), from €9,395 to €35,224
of which Trade receivables: +€27,739
- Tangible fixed assets -€3,414
down €3,414 (-61.1%), from €5,591 to €2,177
of which Furniture and vehicles: -€4,075
- Provisions +€45,062
new in 2025: €45,062
- Other debts +€24,860
up €24,860 (+2,519%), from €987 to €25,848
- Reserves -€22,194
down €22,194 (-26.3%), from €84,260 to €62,066
- Tax, wage and social debts +€3,115
up €3,115 (+66.2%), from €4,705 to €7,820
- Current portion of long-term debt -€2,110
down €2,110 (-100%), from €2,110 to €0
- Provisions +€45,062
new in 2025: €45,062
- Gross operating margin +€4,949
up €4,949 (+8.1%), from €60,967 to €65,915
- Taxes +€993
up €993 (+8.2%), from €12,055 to €13,048
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 | €96,822 | €145,240 | +€48,418 | +50.0% |
| Fixed assets | 21/28 | €5,591 | €2,177 | -€3,414 | -61.1% |
| Tangible fixed assets | 22/27 | €5,591 | €2,177 | -€3,414 | -61.1% |
| Plant, machinery and equipment | 23 | - | €662 | +€662 | |
| Furniture and vehicles | 24 | €5,591 | €1,516 | -€4,075 | -72.9% |
| Current assets | 29/58 | €91,232 | €143,063 | +€51,831 | +56.8% |
| Amounts receivable within one year | 40/41 | €9,395 | €35,224 | +€25,829 | +275% |
| Trade receivables | 40 | €6,416 | €34,155 | +€27,739 | +432% |
| Other amounts receivable | 41 | €2,979 | €1,069 | -€1,910 | -64.1% |
| Cash at bank and in hand | 54/58 | €81,837 | €107,838 | +€26,002 | +31.8% |
| Total equity and liabilities | 10/49 | €96,822 | €145,240 | +€48,418 | +50.0% |
| Equity | 10/15 | €88,260 | €66,066 | -€22,194 | -25.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €84,260 | €62,066 | -€22,194 | -26.3% |
| Distributable reserves | 133 | €84,260 | €62,066 | -€22,194 | -26.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | - | €45,062 | +€45,062 | |
| Provisions for liabilities and charges | 160/5 | - | €45,062 | +€45,062 | |
| Pensions and similar obligations | 160 | - | €45,062 | +€45,062 | |
| Amounts payable | 17/49 | €8,563 | €34,112 | +€25,550 | +298% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €8,358 | €34,112 | +€25,754 | +308% |
| Current portion of amounts payable after more than one year | 42 | €2,110 | €0 | -€2,110 | -100% |
| Trade debts | 44 | €557 | €445 | -€112 | -20.1% |
| Suppliers | 440/4 | €557 | €445 | -€112 | -20.1% |
| Taxes, remuneration and social security | 45 | €4,705 | €7,820 | +€3,115 | +66.2% |
| Taxes | 450/3 | €4,705 | €7,820 | +€3,115 | +66.2% |
| Other amounts payable | 47/48 | €987 | €25,848 | +€24,860 | +2,519% |
| Accrued charges and deferred income | 492/3 | €204 | €0 | -€204 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,075 | €4,394 | +€319 | +7.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €45,062 | +€45,062 | |
| Other operating charges | 640/8 | €814 | €835 | +€21 | +2.6% |
| Gross operating margin | 9900 | €60,967 | €65,915 | +€4,949 | +8.1% |
| Operating profit (loss) | 9901 | €56,077 | €15,624 | -€40,453 | -72.1% |
| Financial income | 75/76B | €115 | €398 | +€283 | +246% |
| Recurring financial income | 75 | €115 | €398 | +€283 | +246% |
| Financial charges | 65/66B | €245 | €168 | -€77 | -31.4% |
| Recurring financial charges | 65 | €245 | €168 | -€77 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €55,947 | €15,854 | -€40,093 | -71.7% |
| Income taxes | 67/77 | €12,055 | €13,048 | +€993 | +8.2% |
| Profit (loss) for the period | 9904 | €43,892 | €2,806 | -€41,086 | -93.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,892 | €2,806 | -€41,086 | -93.6% |
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 29 October 2026 via checked.be.