VINCENZO.BE: 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.
VINCENZO.BE
Largest movements
- Cash +€44,510
up €44,510 (+101%), from €44,021 to €88,531
mainly Net result for the year (+€67,981) and Current investments (+€25,000)
- Current investments -€25,000
down €25,000 (-83.3%), from €30,000 to €5,000
- Tangible fixed assets -€5,905
down €5,905 (-12.3%), from €48,109 to €42,204
- Receivables within one year +€3,317
up €3,317 (+19.5%), from €17,005 to €20,323
of which Other amounts receivable: +€6,826
- Reserves +€31,905
up €31,905 (+32.2%), from €99,062 to €130,967
- Tax, wage and social debts -€8,604
down €8,604 (-33.6%), from €25,635 to €17,030
of which Taxes: -€5,758
- Profit (loss) carried forward -€6,784
no longer reported in 2025 (was €6,784)
- Gross operating margin +€27,044
up €27,044 (+38.7%), from €69,868 to €96,912
- Depreciation +€3,002
up €3,002 (+103%), from €2,903 to €5,905
- Taxes +€2,647
up €2,647 (+14.2%), from €18,662 to €21,309
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 | €147,308 | €165,140 | +€17,832 | +12.1% |
| Fixed assets | 21/28 | €48,109 | €42,204 | -€5,905 | -12.3% |
| Tangible fixed assets | 22/27 | €48,109 | €42,204 | -€5,905 | -12.3% |
| Furniture and vehicles | 24 | €48,109 | €42,204 | -€5,905 | -12.3% |
| Current assets | 29/58 | €99,199 | €122,936 | +€23,737 | +23.9% |
| Amounts receivable within one year | 40/41 | €17,005 | €20,323 | +€3,317 | +19.5% |
| Trade receivables | 40 | €15,141 | €11,632 | -€3,509 | -23.2% |
| Other amounts receivable | 41 | €1,865 | €8,691 | +€6,826 | +366% |
| Current investments | 50/53 | €30,000 | €5,000 | -€25,000 | -83.3% |
| Cash at bank and in hand | 54/58 | €44,021 | €88,531 | +€44,510 | +101% |
| Deferred charges and accrued income | 490/1 | €8,173 | €9,082 | +€909 | +11.1% |
| Total equity and liabilities | 10/49 | €147,308 | €165,140 | +€17,832 | +12.1% |
| Equity | 10/15 | €112,046 | €137,167 | +€25,121 | +22.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €99,062 | €130,967 | +€31,905 | +32.2% |
| Distributable reserves | 133 | €99,062 | €130,967 | +€31,905 | +32.2% |
| Profit (loss) carried forward | 14 | €6,784 | - | -€6,784 | |
| Amounts payable | 17/49 | €35,262 | €27,973 | -€7,289 | -20.7% |
| Amounts payable within one year | 42/48 | €33,572 | €26,823 | -€6,749 | -20.1% |
| Trade debts | 44 | €2,700 | €3,199 | +€500 | +18.5% |
| Suppliers | 440/4 | €2,700 | €3,199 | +€500 | +18.5% |
| Taxes, remuneration and social security | 45 | €25,635 | €17,030 | -€8,604 | -33.6% |
| Taxes | 450/3 | €22,788 | €17,030 | -€5,758 | -25.3% |
| Remuneration and social security | 454/9 | €2,846 | - | -€2,846 | |
| Other amounts payable | 47/48 | €5,238 | €6,594 | +€1,356 | +25.9% |
| Accrued charges and deferred income | 492/3 | €1,690 | €1,150 | -€540 | -32.0% |
| Non-recurring operating income | 76A | €5,684 | - | -€5,684 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,903 | €5,905 | +€3,002 | +103% |
| Other operating charges | 640/8 | €462 | €400 | -€63 | -13.6% |
| Gross operating margin | 9900 | €69,868 | €96,912 | +€27,044 | +38.7% |
| Operating profit (loss) | 9901 | €66,503 | €90,608 | +€24,105 | +36.2% |
| Financial income | 75/76B | €98 | €984 | +€886 | +902% |
| Recurring financial income | 75 | €98 | €984 | +€886 | +902% |
| Financial charges | 65/66B | €2,214 | €2,302 | +€88 | +4.0% |
| Recurring financial charges | 65 | €2,214 | €2,302 | +€88 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €64,387 | €89,290 | +€24,903 | +38.7% |
| Income taxes | 67/77 | €18,662 | €21,309 | +€2,647 | +14.2% |
| Profit (loss) for the period | 9904 | €45,725 | €67,981 | +€22,256 | +48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,725 | €67,981 | +€22,256 | +48.7% |
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 25 October 2026 via checked.be.