VINCENT OST: 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 OST
Largest movements
- Cash -€161,499
down €161,499 (-36.6%), from €441,316 to €279,817
mainly Contributions, distributions and other (-€781,357) and Current investments (-€100,131)
- Current investments +€100,131
new in 2025: €100,131
- Receivables within one year +€44,875
up €44,875 (+463%), from €9,701 to €54,576
of which Other amounts receivable: +€45,526
- Reserves -€401,622
down €401,622 (-33.7%), from €1.2m to €788,719
- Other debts +€307,076
up €307,076, from €0 to €307,076
- Tax, wage and social debts +€60,990
up €60,990 (+41.9%), from €145,704 to €206,694
- Gross operating margin -€48,906
down €48,906 (-8.3%), from €588,096 to €539,190
- Taxes -€16,734
down €16,734 (-8.9%), from €188,938 to €172,204
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 | €1,381,457 | €1,352,572 | -€28,885 | -2.1% |
| Fixed assets | 21/28 | €3,732 | €4,139 | +€407 | +10.9% |
| Tangible fixed assets | 22/27 | €1,129 | €1,536 | +€407 | +36.1% |
| Furniture and vehicles | 24 | €1,129 | €1,536 | +€407 | +36.1% |
| Financial fixed assets | 28 | €2,603 | €2,603 | = | 0.0% |
| Current assets | 29/58 | €1,377,725 | €1,348,433 | -€29,292 | -2.1% |
| Amounts receivable after more than one year | 29 | €450,000 | €450,000 | = | 0.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €450,000 | €450,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,701 | €54,576 | +€44,875 | +463% |
| Trade receivables | 40 | €652 | €0 | -€652 | -100% |
| Other amounts receivable | 41 | €9,049 | €54,576 | +€45,526 | +503% |
| Current investments | 50/53 | - | €100,131 | +€100,131 | |
| Cash at bank and in hand | 54/58 | €441,316 | €279,817 | -€161,499 | -36.6% |
| Deferred charges and accrued income | 490/1 | €476,708 | €463,909 | -€12,799 | -2.7% |
| Total equity and liabilities | 10/49 | €1,381,457 | €1,352,572 | -€28,885 | -2.1% |
| Equity | 10/15 | €1,202,741 | €801,119 | -€401,622 | -33.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,190,341 | €788,719 | -€401,622 | -33.7% |
| Distributable reserves | 133 | €1,190,341 | €788,719 | -€401,622 | -33.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €178,716 | €551,453 | +€372,737 | +209% |
| Amounts payable within one year | 42/48 | €178,716 | €551,453 | +€372,737 | +209% |
| Financial debts | 43 | €27,195 | €30,389 | +€3,194 | +11.7% |
| Credit institutions | 430/8 | €27,072 | €30,332 | +€3,260 | +12.0% |
| Other loans | 439 | €124 | €58 | -€66 | -53.3% |
| Trade debts | 44 | €5,816 | €7,294 | +€1,478 | +25.4% |
| Suppliers | 440/4 | €5,816 | €7,294 | +€1,478 | +25.4% |
| Taxes, remuneration and social security | 45 | €145,704 | €206,694 | +€60,990 | +41.9% |
| Taxes | 450/3 | €145,704 | €206,694 | +€60,990 | +41.9% |
| Other amounts payable | 47/48 | €0 | €307,076 | +€307,076 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144 | €662 | +€518 | +360% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €588,096 | €539,190 | -€48,906 | -8.3% |
| Operating profit (loss) | 9901 | €586,985 | €537,530 | -€49,454 | -8.4% |
| Financial income | 75/76B | €12,781 | €16,434 | +€3,653 | +28.6% |
| Recurring financial income | 75 | €12,781 | €16,434 | +€3,653 | +28.6% |
| Financial charges | 65/66B | €3,704 | €2,026 | -€1,678 | -45.3% |
| Recurring financial charges | 65 | €3,704 | €2,026 | -€1,678 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | €596,062 | €551,939 | -€44,123 | -7.4% |
| Income taxes | 67/77 | €188,938 | €172,204 | -€16,734 | -8.9% |
| Profit (loss) for the period | 9904 | €407,124 | €379,735 | -€27,389 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €407,124 | €379,735 | -€27,389 | -6.7% |
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 15 October 2026 via checked.be.