VINCEPTUM: 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.
VINCEPTUM
Largest movements
- Cash -€29,652
down €29,652 (-87.6%), from €33,835 to €4,183
mainly Contributions, distributions and other (-€30,000) and Receivables within one year (-€25,523)
- Receivables within one year +€25,523
up €25,523 (+64.8%), from €39,409 to €64,932
of which Trade receivables: +€27,588
- Reserves -€12,179
down €12,179 (-32.2%), from €37,852 to €25,673
- Other debts +€5,363
up €5,363 (+165%), from €3,254 to €8,617
- Tax, wage and social debts +€1,488
up €1,488 (+14.4%), from €10,335 to €11,824
of which Remuneration and social security: +€2,200
- Trade debts +€1,199
up €1,199 (+37.5%), from €3,202 to €4,401
- Gross operating margin -€2,297
down €2,297 (-7.7%), from €30,021 to €27,724
- Other operating charges +€995
up €995 (+77.3%), from €1,287 to €2,282
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 | €73,243 | €69,115 | -€4,129 | -5.6% |
| Current assets | 29/58 | €73,243 | €69,115 | -€4,129 | -5.6% |
| Amounts receivable within one year | 40/41 | €39,409 | €64,932 | +€25,523 | +64.8% |
| Trade receivables | 40 | €2,239 | €29,827 | +€27,588 | +1,232% |
| Other amounts receivable | 41 | €37,170 | €35,105 | -€2,065 | -5.6% |
| Cash at bank and in hand | 54/58 | €33,835 | €4,183 | -€29,652 | -87.6% |
| Total equity and liabilities | 10/49 | €73,243 | €69,115 | -€4,129 | -5.6% |
| Equity | 10/15 | €56,452 | €44,273 | -€12,179 | -21.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,852 | €25,673 | -€12,179 | -32.2% |
| Distributable reserves | 133 | €37,852 | €25,673 | -€12,179 | -32.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,791 | €24,841 | +€8,051 | +47.9% |
| Amounts payable within one year | 42/48 | €16,791 | €24,841 | +€8,051 | +47.9% |
| Trade debts | 44 | €3,202 | €4,401 | +€1,199 | +37.5% |
| Suppliers | 440/4 | €3,202 | €4,401 | +€1,199 | +37.5% |
| Taxes, remuneration and social security | 45 | €10,335 | €11,824 | +€1,488 | +14.4% |
| Taxes | 450/3 | €10,335 | €9,624 | -€712 | -6.9% |
| Remuneration and social security | 454/9 | - | €2,200 | +€2,200 | |
| Other amounts payable | 47/48 | €3,254 | €8,617 | +€5,363 | +165% |
| Other operating charges | 640/8 | €1,287 | €2,282 | +€995 | +77.3% |
| Gross operating margin | 9900 | €30,021 | €27,724 | -€2,297 | -7.7% |
| Operating profit (loss) | 9901 | €28,733 | €25,441 | -€3,292 | -11.5% |
| Financial charges | 65/66B | €370 | €226 | -€144 | -39.0% |
| Recurring financial charges | 65 | €370 | €226 | -€144 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €28,363 | €25,216 | -€3,147 | -11.1% |
| Income taxes | 67/77 | €7,486 | €7,395 | -€91 | -1.2% |
| Profit (loss) for the period | 9904 | €20,877 | €17,821 | -€3,056 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,877 | €17,821 | -€3,056 | -14.6% |
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.