Vincent Massion: 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 Massion
Largest movements
- Tangible fixed assets -€10,796
down €10,796 (-28.7%), from €37,668 to €26,873
- Deferred charges and accrued income -€6,922
down €6,922 (-60.1%), from €11,512 to €4,590
- Cash +€6,403
up €6,403 (+15.1%), from €42,516 to €48,919
mainly Depreciation (+€11,560) and Net result for the year (+€11,327)
- Receivables within one year +€1,807
up €1,807 (+15,156%), from €12 to €1,819
- Other debts -€10,000
down €10,000 (-66.7%), from €15,000 to €5,000
- Profit (loss) carried forward +€6,327
up €6,327 (+33.7%), from €18,775 to €25,101
- Debts after one year -€5,888
down €5,888 (-20.5%), from €28,729 to €22,841
- Trade debts +€2,343
up €2,343 (+505%), from €464 to €2,808
- Tax, wage and social debts -€1,750
down €1,750 (-67.8%), from €2,580 to €830
of which Remuneration and social security: -€1,750
- Gross operating margin -€5,707
down €5,707 (-16.3%), from €34,944 to €29,237
- Taxes -€1,307
down €1,307 (-23.8%), from €5,488 to €4,181
- Depreciation +€418
up €418 (+3.8%), from €11,141 to €11,560
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 | €91,708 | €82,200 | -€9,508 | -10.4% |
| Fixed assets | 21/28 | €37,668 | €26,873 | -€10,796 | -28.7% |
| Tangible fixed assets | 22/27 | €37,668 | €26,873 | -€10,796 | -28.7% |
| Furniture and vehicles | 24 | €37,668 | €26,873 | -€10,796 | -28.7% |
| Current assets | 29/58 | €54,040 | €55,327 | +€1,287 | +2.4% |
| Amounts receivable within one year | 40/41 | €12 | €1,819 | +€1,807 | +15,156% |
| Other amounts receivable | 41 | €12 | €1,819 | +€1,807 | +15,156% |
| Cash at bank and in hand | 54/58 | €42,516 | €48,919 | +€6,403 | +15.1% |
| Deferred charges and accrued income | 490/1 | €11,512 | €4,590 | -€6,922 | -60.1% |
| Total equity and liabilities | 10/49 | €91,708 | €82,200 | -€9,508 | -10.4% |
| Equity | 10/15 | €38,506 | €44,833 | +€6,327 | +16.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,131 | €1,131 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,131 | €1,131 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,131 | €1,131 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,775 | €25,101 | +€6,327 | +33.7% |
| Amounts payable | 17/49 | €53,202 | €37,367 | -€15,835 | -29.8% |
| Amounts payable after more than one year | 17 | €28,729 | €22,841 | -€5,888 | -20.5% |
| Financial debts | 170/4 | €28,729 | €22,841 | -€5,888 | -20.5% |
| Amounts payable within one year | 42/48 | €23,761 | €14,525 | -€9,236 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €5,717 | €5,888 | +€171 | +3.0% |
| Trade debts | 44 | €464 | €2,808 | +€2,343 | +505% |
| Suppliers | 440/4 | €464 | €2,808 | +€2,343 | +505% |
| Taxes, remuneration and social security | 45 | €2,580 | €830 | -€1,750 | -67.8% |
| Taxes | 450/3 | €830 | €830 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,750 | - | -€1,750 | |
| Other amounts payable | 47/48 | €15,000 | €5,000 | -€10,000 | -66.7% |
| Accrued charges and deferred income | 492/3 | €712 | - | -€712 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,141 | €11,560 | +€418 | +3.8% |
| Other operating charges | 640/8 | €978 | €1,010 | +€32 | +3.2% |
| Gross operating margin | 9900 | €34,944 | €29,237 | -€5,707 | -16.3% |
| Operating profit (loss) | 9901 | €22,825 | €16,667 | -€6,157 | -27.0% |
| Financial charges | 65/66B | €1,299 | €1,159 | -€140 | -10.8% |
| Recurring financial charges | 65 | €1,299 | €1,159 | -€140 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €21,526 | €15,508 | -€6,017 | -28.0% |
| Income taxes | 67/77 | €5,488 | €4,181 | -€1,307 | -23.8% |
| Profit (loss) for the period | 9904 | €16,037 | €11,327 | -€4,711 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,037 | €11,327 | -€4,711 | -29.4% |
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 25 October 2026 via checked.be.