VINCENT MULTISERVICES: 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 MULTISERVICES
Largest movements
- Stocks and contracts +€32,686
up €32,686 (+69.8%), from €46,805 to €79,491
- Receivables within one year +€10,035
up €10,035 (+4.4%), from €229,659 to €239,694
of which Trade receivables: +€18,946
- Tangible fixed assets +€9,568
up €9,568 (+28.8%), from €33,181 to €42,749
of which Furniture and vehicles: +€10,287
- Short-term financial debts +€39,393
new in 2025: €39,393
- Profit (loss) carried forward +€38,542
up €38,542 (+36.9%), from €104,325 to €142,868
- Trade debts -€28,684
down €28,684 (-16.2%), from €177,454 to €148,771
- Advances received -€6,396
no longer reported in 2025 (was €6,396)
- Tax, wage and social debts +€5,856
up €5,856 (+16.8%), from €34,888 to €40,744
of which Taxes: +€4,184
- Gross operating margin +€65,706
up €65,706 (+132.2%), from €49,690 to €115,395
- Staff costs +€23,706
up €23,706 (+1132.9%), from €2,093 to €25,798
- Taxes +€8,589
up €8,589 (+76.4%), from €11,237 to €19,825
- Depreciation +€2,013
up €2,013 (+32.5%), from €6,192 to €8,205
- Other operating charges +€1,207
up €1,207 (+104.6%), from €1,154 to €2,361
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 | €324,064 | €375,668 | +€51,604 | +15.9% |
| Fixed assets | 21/28 | €33,181 | €42,749 | +€9,568 | +28.8% |
| Tangible fixed assets | 22/27 | €33,181 | €42,749 | +€9,568 | +28.8% |
| Plant, machinery and equipment | 23 | €1,365 | €1,011 | -€354 | -25.9% |
| Furniture and vehicles | 24 | €30,241 | €40,527 | +€10,287 | +34.0% |
| Other tangible fixed assets | 26 | €1,575 | €1,210 | -€365 | -23.2% |
| Current assets | 29/58 | €290,884 | €332,919 | +€42,036 | +14.5% |
| Stocks and contracts in progress | 3 | €46,805 | €79,491 | +€32,686 | +69.8% |
| Stocks | 30/36 | €46,805 | €79,491 | +€32,686 | +69.8% |
| Amounts receivable within one year | 40/41 | €229,659 | €239,694 | +€10,035 | +4.4% |
| Trade receivables | 40 | €147,732 | €166,678 | +€18,946 | +12.8% |
| Other amounts receivable | 41 | €81,927 | €73,017 | -€8,910 | -10.9% |
| Cash at bank and in hand | 54/58 | €13,096 | €12,341 | -€755 | -5.8% |
| Deferred charges and accrued income | 490/1 | €1,324 | €1,394 | +€69 | +5.2% |
| Total equity and liabilities | 10/49 | €324,064 | €375,668 | +€51,604 | +15.9% |
| Equity | 10/15 | €105,325 | €143,868 | +€38,542 | +36.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,325 | €142,868 | +€38,542 | +36.9% |
| Amounts payable | 17/49 | €218,739 | €231,800 | +€13,061 | +6.0% |
| Amounts payable within one year | 42/48 | €218,739 | €231,800 | +€13,061 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | - | €1,689 | +€1,689 | |
| Financial debts | 43 | - | €39,393 | +€39,393 | |
| Credit institutions | 430/8 | - | €39,393 | +€39,393 | |
| Trade debts | 44 | €177,454 | €148,771 | -€28,684 | -16.2% |
| Suppliers | 440/4 | €177,454 | €148,771 | -€28,684 | -16.2% |
| Advances received on contracts in progress | 46 | €6,396 | - | -€6,396 | |
| Taxes, remuneration and social security | 45 | €34,888 | €40,744 | +€5,856 | +16.8% |
| Taxes | 450/3 | €34,509 | €38,692 | +€4,184 | +12.1% |
| Remuneration and social security | 454/9 | €380 | €2,052 | +€1,672 | +440.4% |
| Other amounts payable | 47/48 | - | €1,204 | +€1,204 | |
| Remuneration, social security and pensions | 62 | €2,093 | €25,798 | +€23,706 | +1132.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,192 | €8,205 | +€2,013 | +32.5% |
| Other operating charges | 640/8 | €1,154 | €2,361 | +€1,207 | +104.6% |
| Non-recurring operating charges | 66A | €2,150 | - | -€2,150 | |
| Gross operating margin | 9900 | €49,690 | €115,395 | +€65,706 | +132.2% |
| Operating profit (loss) | 9901 | €38,101 | €79,031 | +€40,930 | +107.4% |
| Financial income | 75/76B | €4,071 | €4,759 | +€689 | +16.9% |
| Recurring financial income | 75 | €4,071 | €4,759 | +€689 | +16.9% |
| Financial charges | 65/66B | €1,727 | €1,032 | -€695 | -40.2% |
| Recurring financial charges | 65 | €1,727 | €1,032 | -€695 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €40,444 | €82,758 | +€42,314 | +104.6% |
| Income taxes | 67/77 | €11,237 | €19,825 | +€8,589 | +76.4% |
| Profit (loss) for the period | 9904 | €29,207 | €62,933 | +€33,725 | +115.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,207 | €62,933 | +€33,725 | +115.5% |
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 7 October 2026 via checked.be.