VINCENT TRICE: 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 TRICE
Largest movements
- Cash -€12,357
down €12,357 (-28.8%), from €42,967 to €30,610
mainly Other debts (-€10,825) and Tax, wage and social debts (-€10,718)
- Receivables within one year -€9,409
down €9,409 (-40.0%), from €23,529 to €14,120
- Tangible fixed assets -€2,581
down €2,581 (-48.2%), from €5,358 to €2,777
of which Furniture and vehicles: -€2,126
- Intangible fixed assets -€1,850
down €1,850 (-28.9%), from €6,412 to €4,562
- Other debts -€10,825
down €10,825 (-38.9%), from €27,844 to €17,019
- Tax, wage and social debts -€10,718
down €10,718 (-48.2%), from €22,220 to €11,501
- Profit (loss) carried forward -€4,070
down €4,070 (-17.8%), from €22,830 to €18,759
- Investment grants -€1,388
down €1,388 (-33.3%), from €4,163 to €2,775
- Trade debts +€1,109
up €1,109 (+34.0%), from €3,261 to €4,369
- Gross operating margin -€41,560
down €41,560 (-76.7%), from €54,208 to €12,648
- Depreciation -€8,530
down €8,530 (-73.9%), from €11,548 to €3,017
- Taxes -€3,914
down €3,914 (-32.9%), from €11,899 to €7,985
- Write-downs +€1,702
up €1,702 (+103%), from €1,653 to €3,355
- Financial income -€1,386
down €1,386 (-45.1%), from €3,073 to €1,686
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 | €83,316 | €57,424 | -€25,892 | -31.1% |
| Fixed assets | 21/28 | €12,070 | €7,639 | -€4,431 | -36.7% |
| Intangible fixed assets | 21 | €6,412 | €4,562 | -€1,850 | -28.9% |
| Tangible fixed assets | 22/27 | €5,358 | €2,777 | -€2,581 | -48.2% |
| Furniture and vehicles | 24 | €3,341 | €1,215 | -€2,126 | -63.6% |
| Other tangible fixed assets | 26 | €2,017 | €1,562 | -€455 | -22.6% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €71,247 | €49,785 | -€21,461 | -30.1% |
| Amounts receivable within one year | 40/41 | €23,529 | €14,120 | -€9,409 | -40.0% |
| Trade receivables | 40 | €23,529 | €14,120 | -€9,409 | -40.0% |
| Cash at bank and in hand | 54/58 | €42,967 | €30,610 | -€12,357 | -28.8% |
| Deferred charges and accrued income | 490/1 | €4,751 | €5,056 | +€305 | +6.4% |
| Total equity and liabilities | 10/49 | €83,316 | €57,424 | -€25,892 | -31.1% |
| Equity | 10/15 | €29,992 | €24,534 | -€5,458 | -18.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,830 | €18,759 | -€4,070 | -17.8% |
| Investment grants | 15 | €4,163 | €2,775 | -€1,388 | -33.3% |
| Amounts payable | 17/49 | €53,324 | €32,890 | -€20,435 | -38.3% |
| Amounts payable within one year | 42/48 | €53,324 | €32,890 | -€20,435 | -38.3% |
| Trade debts | 44 | €3,261 | €4,369 | +€1,109 | +34.0% |
| Suppliers | 440/4 | €3,261 | €4,369 | +€1,109 | +34.0% |
| Taxes, remuneration and social security | 45 | €22,220 | €11,501 | -€10,718 | -48.2% |
| Taxes | 450/3 | €22,220 | €11,501 | -€10,718 | -48.2% |
| Other amounts payable | 47/48 | €27,844 | €17,019 | -€10,825 | -38.9% |
| Non-recurring operating income | 76A | - | €7,677 | +€7,677 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,548 | €3,017 | -€8,530 | -73.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,653 | €3,355 | +€1,702 | +103% |
| Other operating charges | 640/8 | €2,774 | €3,412 | +€638 | +23.0% |
| Gross operating margin | 9900 | €54,208 | €12,648 | -€41,560 | -76.7% |
| Operating profit (loss) | 9901 | €38,234 | €2,864 | -€35,370 | -92.5% |
| Financial income | 75/76B | €3,073 | €1,686 | -€1,386 | -45.1% |
| Recurring financial income | 75 | €3,073 | €1,686 | -€1,386 | -45.1% |
| Financial charges | 65/66B | €309 | €636 | +€327 | +106% |
| Recurring financial charges | 65 | €309 | €636 | +€327 | +106% |
| Profit (loss) for the period before taxes | 9903 | €40,998 | €3,915 | -€37,083 | -90.5% |
| Income taxes | 67/77 | €11,899 | €7,985 | -€3,914 | -32.9% |
| Profit (loss) for the period | 9904 | €29,099 | -€4,070 | -€33,169 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,099 | -€4,070 | -€33,169 |
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.