VINCENTGOED: 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.
What changed
VINCENTGOED
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€12,581
2024 · -€278,868+€291,449
Equity
€16.3m
2024 · €16.2m+€117,924
Cash
€513,980
2024 · €634,037-€120,057
Balance sheet total
€26.3m
2024 · €27.0m-€715,423
Largest movements
Assets
- Tangible fixed assets -€1.2m
down €1.2m (-5.2%), from €23.2m to €22.0m
of which Land and buildings: -€1.0m
- Current investments +€559,909
up €559,909 (+18.4%), from €3.0m to €3.6m
Equity and liabilities
- Debts after one year -€629,308
down €629,308 (-7.2%), from €8.7m to €8.1m
Income statement
- Depreciation -€141,197
down €141,197 (-10.0%), from €1.4m to €1.3m
- Financial charges -€120,004
down €120,004 (-78.7%), from €152,408 to €32,404
- Services and other goods +€54,647
up €54,647 (+87.6%), from €62,354 to €117,000
- Turnover +€35,310
up €35,310 (+3.2%), from €1.1m to €1.2m
- Other operating income +€29,213
up €29,213 (+376.9%), from €7,750 to €36,963
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.
Result 2024
-€278,868
Turnover
+€35,310
Other operating income
+€29,213
Goods and materials
-€6,897
Services and other goods
-€54,647
Depreciation
+€141,197
Other operating charges
-€3,308
Other operating items
+€48,558
Financial income
-€17,518
Financial charges
+€120,004
Taxes
-€463
Result 2025
€12,581
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.
From operations
+€1.0m
Investment
-€613,014
Financing
-€522,732
Cash 2024
€634,037
From operations (derived)
+€1.0m
Net result for the year
+€12,581
Depreciation
+€1.3m
Receivables within one year
-€53,807
Deferred charges and accrued income
-€2,324
Provisions
-€80,265
Trade debts
-€129,443
Accrued charges and deferred income
+€4,435
Investment (derived)
-€613,014
Investment in fixed assets (net)
-€53,104
Current investments
-€559,909
Financing
-€522,732
Debts after one year
-€629,308
Current portion of long-term debt
+€1,233
Contributions, distributions and other
+€105,344
Cash 2025
€513,980
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,996,440 | €26,281,017 | -€715,423 | -2.7% |
| Fixed assets | 21/28 | €23,182,264 | €21,970,857 | -€1.2m | -5.2% |
| Tangible fixed assets | 22/27 | €23,182,264 | €21,970,857 | -€1.2m | -5.2% |
| Land and buildings | 22 | €18,050,192 | €17,041,735 | -€1.0m | -5.6% |
| Plant, machinery and equipment | 23 | €3,790,750 | €3,611,043 | -€179,707 | -4.7% |
| Furniture and vehicles | 24 | €31,672 | €21,272 | -€10,400 | -32.8% |
| Other tangible fixed assets | 26 | €1,169,696 | €1,117,571 | -€52,125 | -4.5% |
| Assets under construction and advance payments | 27 | €139,954 | €179,236 | +€39,282 | +28.1% |
| Current assets | 29/58 | €3,814,177 | €4,310,160 | +€495,984 | +13.0% |
| Amounts receivable within one year | 40/41 | €128,414 | €182,221 | +€53,807 | +41.9% |
| Trade receivables | 40 | €4,094 | €10,513 | +€6,419 | +156.8% |
| Other amounts receivable | 41 | €124,319 | €171,707 | +€47,388 | +38.1% |
| Current investments | 50/53 | €3,048,644 | €3,608,554 | +€559,909 | +18.4% |
| Cash at bank and in hand | 54/58 | €634,037 | €513,980 | -€120,057 | -18.9% |
| Deferred charges and accrued income | 490/1 | €3,082 | €5,405 | +€2,324 | +75.4% |
| Total equity and liabilities | 10/49 | €26,996,440 | €26,281,017 | -€715,423 | -2.7% |
| Equity | 10/15 | €16,229,827 | €16,347,751 | +€117,924 | +0.7% |
| Contributions | 10/11 | €4,018,170 | €4,018,170 | = | 0.0% |
| Capital | 10 | €4,018,170 | €4,018,170 | = | 0.0% |
| Revaluation surpluses | 12 | €3,204,588 | €3,004,589 | -€199,999 | -6.2% |
| Reserves | 13 | €4,401,222 | €4,601,221 | +€199,999 | +4.5% |
| Profit (loss) carried forward | 14 | €1,803,182 | €1,815,762 | +€12,580 | +0.7% |
| Investment grants | 15 | €2,802,665 | €2,908,009 | +€105,344 | +3.8% |
| Provisions and deferred taxes | 16 | €1,265,952 | €1,185,687 | -€80,265 | -6.3% |
| Provisions for liabilities and charges | 160/5 | €1,265,952 | €1,185,687 | -€80,265 | -6.3% |
| Major repairs and maintenance | 162 | €1,265,952 | €1,185,687 | -€80,265 | -6.3% |
| Amounts payable | 17/49 | €9,500,662 | €8,747,579 | -€753,083 | -7.9% |
| Amounts payable after more than one year | 17 | €8,713,082 | €8,083,774 | -€629,308 | -7.2% |
| Financial debts | 170/4 | €8,713,082 | €8,083,774 | -€629,308 | -7.2% |
| Credit institutions | 173 | €8,713,082 | €8,083,774 | -€629,308 | -7.2% |
| Amounts payable within one year | 42/48 | €787,416 | €659,206 | -€128,210 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €628,075 | €629,308 | +€1,233 | +0.2% |
| Trade debts | 44 | €159,341 | €29,898 | -€129,443 | -81.2% |
| Suppliers | 440/4 | €159,341 | €29,898 | -€129,443 | -81.2% |
| Accrued charges and deferred income | 492/3 | €164 | €4,599 | +€4,435 | +2711.5% |
| Operating income | 70/76A | €1,306,114 | €1,374,805 | +€68,691 | +5.3% |
| Turnover | 70 | €1,115,115 | €1,150,425 | +€35,310 | +3.2% |
| Other operating income | 74 | €7,750 | €36,963 | +€29,213 | +376.9% |
| Operating charges | 60/66A | €1,439,512 | €1,318,776 | -€120,736 | -8.4% |
| Goods for resale, raw materials and consumables | 60 | - | €6,897 | +€6,897 | |
| Purchases | 600/8 | - | €6,897 | +€6,897 | |
| Services and other goods | 61 | €62,354 | €117,000 | +€54,647 | +87.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,405,708 | €1,264,510 | -€141,197 | -10.0% |
| Other operating charges | 640/8 | €7,325 | €10,633 | +€3,308 | +45.2% |
| Operating profit (loss) | 9901 | -€133,398 | €56,028 | +€189,426 | |
| Financial income | 75/76B | €22,331 | €4,812 | -€17,518 | -78.4% |
| Recurring financial income | 75 | €22,331 | €4,812 | -€17,518 | -78.4% |
| Income from current assets | 751 | €22,331 | €4,812 | -€17,518 | -78.4% |
| Financial charges | 65/66B | €152,408 | €32,404 | -€120,004 | -78.7% |
| Recurring financial charges | 65 | €152,408 | €32,404 | -€120,004 | -78.7% |
| Debt charges | 650 | €109,059 | €102,454 | -€6,605 | -6.1% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | -€79,909 | -€79,909 | |
| Other financial charges | 652/9 | €43,348 | €9,859 | -€33,489 | -77.3% |
| Profit (loss) for the period before taxes | 9903 | -€263,475 | €28,437 | +€291,912 | |
| Income taxes | 67/77 | €15,393 | €15,856 | +€463 | +3.0% |
| Taxes | 670/3 | €15,393 | €15,856 | +€463 | +3.0% |
| Profit (loss) for the period | 9904 | -€278,868 | €12,581 | +€291,449 | |
| Profit (loss) for the period to be appropriated | 9905 | -€278,868 | €12,581 | +€291,449 |
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 8 October 2026 via checked.be.