VINCENT TECHNICAL SERVICE: 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 TECHNICAL SERVICE
Largest movements
- Receivables within one year +€11,433
up €11,433 (+7.8%), from €146,243 to €157,675
of which Other amounts receivable: +€6,972
- Cash -€3,201
down €3,201 (-72.5%), from €4,417 to €1,216
mainly Receivables within one year (-€11,433) and Tax, wage and social debts (-€4,164)
- Reserves +€10,769
up €10,769 (+10.0%), from €108,014 to €118,783
of which Distributable reserves: +€10,769
- Tax, wage and social debts -€4,164
down €4,164 (-39.6%), from €10,507 to €6,343
- Debts after one year +€2,802
up €2,802 (+205.5%), from €1,363 to €4,165
- Short-term financial debts -€2,034
down €2,034 (-41.9%), from €4,858 to €2,824
- Gross operating margin +€6,739
up €6,739 (+65.4%), from €10,306 to €17,045
- Taxes +€1,142
up €1,142 (+63.5%), from €1,798 to €2,940
- Financial charges +€510
up €510 (+33.5%), from €1,521 to €2,031
- Other operating charges +€251
up €251 (+28.4%), from €884 to €1,134
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 | €150,834 | €158,891 | +€8,057 | +5.3% |
| Fixed assets | 21/28 | €175 | €0 | -€175 | -100.0% |
| Tangible fixed assets | 22/27 | €175 | €0 | -€175 | -100.0% |
| Plant, machinery and equipment | 23 | €175 | €0 | -€175 | -100.0% |
| Current assets | 29/58 | €150,659 | €158,891 | +€8,232 | +5.5% |
| Amounts receivable within one year | 40/41 | €146,243 | €157,675 | +€11,433 | +7.8% |
| Trade receivables | 40 | €73,271 | €77,732 | +€4,461 | +6.1% |
| Other amounts receivable | 41 | €72,972 | €79,944 | +€6,972 | +9.6% |
| Cash at bank and in hand | 54/58 | €4,417 | €1,216 | -€3,201 | -72.5% |
| Total equity and liabilities | 10/49 | €150,834 | €158,891 | +€8,057 | +5.3% |
| Equity | 10/15 | €126,614 | €137,383 | +€10,769 | +8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,014 | €118,783 | +€10,769 | +10.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €106,154 | €116,923 | +€10,769 | +10.1% |
| Amounts payable | 17/49 | €24,220 | €21,508 | -€2,712 | -11.2% |
| Amounts payable after more than one year | 17 | €1,363 | €4,165 | +€2,802 | +205.5% |
| Financial debts | 170/4 | €1,363 | €4,165 | +€2,802 | +205.5% |
| Amounts payable within one year | 42/48 | €22,856 | €17,343 | -€5,514 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €4,040 | €4,213 | +€173 | +4.3% |
| Financial debts | 43 | €4,858 | €2,824 | -€2,034 | -41.9% |
| Credit institutions | 430/8 | €4,858 | €2,824 | -€2,034 | -41.9% |
| Trade debts | 44 | €3,452 | €3,963 | +€511 | +14.8% |
| Suppliers | 440/4 | €3,452 | €3,963 | +€511 | +14.8% |
| Taxes, remuneration and social security | 45 | €10,507 | €6,343 | -€4,164 | -39.6% |
| Taxes | 450/3 | €10,507 | €6,343 | -€4,164 | -39.6% |
| Non-recurring operating income | 76A | €500 | €0 | -€500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €290 | €175 | -€115 | -39.7% |
| Other operating charges | 640/8 | €884 | €1,134 | +€251 | +28.4% |
| Gross operating margin | 9900 | €10,306 | €17,045 | +€6,739 | +65.4% |
| Operating profit (loss) | 9901 | €9,133 | €15,736 | +€6,604 | +72.3% |
| Financial income | 75/76B | €8 | €4 | -€4 | -54.4% |
| Recurring financial income | 75 | €8 | €4 | -€4 | -54.4% |
| Financial charges | 65/66B | €1,521 | €2,031 | +€510 | +33.5% |
| Recurring financial charges | 65 | €1,521 | €2,031 | +€510 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | €7,620 | €13,709 | +€6,089 | +79.9% |
| Income taxes | 67/77 | €1,798 | €2,940 | +€1,142 | +63.5% |
| Profit (loss) for the period | 9904 | €5,822 | €10,769 | +€4,947 | +85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,822 | €10,769 | +€4,947 | +85.0% |
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.