VINCENTIVE: 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.
VINCENTIVE
Largest movements
- Receivables within one year +€36,105
up €36,105 (+45.4%), from €79,589 to €115,694
of which Other amounts receivable: +€61,558
- Reserves +€233,230
up €233,230 (+22.8%), from €1.0m to €1.3m
- Other debts -€101,162
down €101,162 (-100%), from €101,162 to €0
- Debts after one year -€72,953
down €72,953 (-22.7%), from €320,834 to €247,882
- Trade debts -€16,407
down €16,407 (-80.0%), from €20,515 to €4,107
- Financial income -€115,625
down €115,625 (-31.6%), from €365,712 to €250,088
- Gross operating margin -€37,282
down €37,282 (-40.5%), from €92,025 to €54,744
- Taxes -€23,963
down €23,963 (-43.3%), from €55,404 to €31,441
- Depreciation -€8,912
down €8,912 (-32.7%), from €27,281 to €18,369
- Financial charges +€6,403
up €6,403 (+99.2%), from €6,455 to €12,858
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 | €1,582,102 | €1,615,451 | +€33,349 | +2.1% |
| Fixed assets | 21/28 | €1,252,236 | €1,256,771 | +€4,535 | +0.4% |
| Tangible fixed assets | 22/27 | €640,060 | €650,820 | +€10,760 | +1.7% |
| Land and buildings | 22 | €639,809 | €650,820 | +€11,012 | +1.7% |
| Furniture and vehicles | 24 | €251 | €0 | -€251 | -100% |
| Financial fixed assets | 28 | €612,176 | €605,951 | -€6,225 | -1.0% |
| Current assets | 29/58 | €329,866 | €358,680 | +€28,813 | +8.7% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €79,589 | €115,694 | +€36,105 | +45.4% |
| Trade receivables | 40 | €34,458 | €9,005 | -€25,453 | -73.9% |
| Other amounts receivable | 41 | €45,131 | €106,689 | +€61,558 | +136% |
| Cash at bank and in hand | 54/58 | €49,658 | €42,398 | -€7,260 | -14.6% |
| Deferred charges and accrued income | 490/1 | €619 | €588 | -€32 | -5.1% |
| Total equity and liabilities | 10/49 | €1,582,102 | €1,615,451 | +€33,349 | +2.1% |
| Equity | 10/15 | €1,039,433 | €1,272,606 | +€233,173 | +22.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,020,824 | €1,254,053 | +€233,230 | +22.8% |
| Distributable reserves | 133 | €1,020,824 | €1,254,053 | +€233,230 | +22.8% |
| Profit (loss) carried forward | 14 | €60 | €3 | -€57 | -95.3% |
| Amounts payable | 17/49 | €542,669 | €342,845 | -€199,824 | -36.8% |
| Amounts payable after more than one year | 17 | €320,834 | €247,882 | -€72,953 | -22.7% |
| Financial debts | 170/4 | €320,834 | €247,882 | -€72,953 | -22.7% |
| Amounts payable within one year | 42/48 | €221,233 | €94,942 | -€126,291 | -57.1% |
| Current portion of amounts payable after more than one year | 42 | €87,436 | €88,270 | +€834 | +1.0% |
| Trade debts | 44 | €20,515 | €4,107 | -€16,407 | -80.0% |
| Suppliers | 440/4 | €20,515 | €4,107 | -€16,407 | -80.0% |
| Taxes, remuneration and social security | 45 | €12,120 | €2,565 | -€9,555 | -78.8% |
| Taxes | 450/3 | €9,082 | €2,565 | -€6,517 | -71.8% |
| Remuneration and social security | 454/9 | €3,038 | €0 | -€3,038 | -100% |
| Other amounts payable | 47/48 | €101,162 | €0 | -€101,162 | -100% |
| Accrued charges and deferred income | 492/3 | €601 | €21 | -€580 | -96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,281 | €18,369 | -€8,912 | -32.7% |
| Other operating charges | 640/8 | €3,339 | €8,991 | +€5,652 | +169% |
| Gross operating margin | 9900 | €92,025 | €54,744 | -€37,282 | -40.5% |
| Operating profit (loss) | 9901 | €61,406 | €27,384 | -€34,022 | -55.4% |
| Financial income | 75/76B | €365,712 | €250,088 | -€115,625 | -31.6% |
| Recurring financial income | 75 | €365,712 | €250,088 | -€115,625 | -31.6% |
| Financial charges | 65/66B | €6,455 | €12,858 | +€6,403 | +99.2% |
| Recurring financial charges | 65 | €6,455 | €12,858 | +€6,403 | +99.2% |
| Profit (loss) for the period before taxes | 9903 | €420,663 | €264,613 | -€156,050 | -37.1% |
| Income taxes | 67/77 | €55,404 | €31,441 | -€23,963 | -43.3% |
| Profit (loss) for the period | 9904 | €365,260 | €233,173 | -€132,087 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €365,260 | €233,173 | -€132,087 | -36.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.