VINCIANE D.: 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.
VINCIANE D.
Largest movements
- Cash +€17,957
up €17,957 (+28.4%), from €63,239 to €81,196
mainly Net result for the year (+€19,627) and Tax, wage and social debts (+€5,330)
- Reserves +€19,627
up €19,627 (+23.4%), from €83,701 to €103,327
of which Distributable reserves: +€19,627
- Current portion of long-term debt -€5,406
no longer reported in 2025 (was €5,406)
- Tax, wage and social debts +€5,330
new in 2025: €5,330
- Purchases and services -€21,635
down €21,635 (-22.1%), from €98,003 to €76,368
- Gross operating margin +€8,576
up €8,576 (+44.0%), from €19,506 to €28,082
- Turnover +€5,941
up €5,941 (+6.0%), from €98,510 to €104,450
- Financial income -€3,418
no longer reported in 2025 (was €3,418)
- Taxes +€1,938
up €1,938 (+31.7%), from €6,119 to €8,056
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 | €194,626 | €214,177 | +€19,550 | +10.0% |
| Fixed assets | 21/28 | €110,000 | €110,000 | = | 0.0% |
| Financial fixed assets | 28 | €110,000 | €110,000 | = | 0.0% |
| Current assets | 29/58 | €84,626 | €104,177 | +€19,550 | +23.1% |
| Amounts receivable within one year | 40/41 | €20,827 | €22,420 | +€1,594 | +7.7% |
| Trade receivables | 40 | €6,517 | €6,517 | = | 0.0% |
| Other amounts receivable | 41 | €14,310 | €15,904 | +€1,594 | +11.1% |
| Cash at bank and in hand | 54/58 | €63,239 | €81,196 | +€17,957 | +28.4% |
| Deferred charges and accrued income | 490/1 | €560 | €560 | = | 0.0% |
| Total equity and liabilities | 10/49 | €194,626 | €214,177 | +€19,550 | +10.0% |
| Equity | 10/15 | €189,082 | €208,709 | +€19,627 | +10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €83,701 | €103,327 | +€19,627 | +23.4% |
| Non-distributable reserves | 130/1 | €826 | €826 | = | 0.0% |
| Other | 1319 | €826 | €826 | = | 0.0% |
| Distributable reserves | 133 | €82,875 | €102,501 | +€19,627 | +23.7% |
| Profit (loss) carried forward | 14 | €99,181 | €99,181 | = | 0.0% |
| Amounts payable | 17/49 | €5,544 | €5,468 | -€76 | -1.4% |
| Amounts payable within one year | 42/48 | €5,544 | €5,468 | -€76 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €5,406 | - | -€5,406 | |
| Trade debts | 44 | €138 | €138 | = | 0.0% |
| Suppliers | 440/4 | €138 | €138 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €5,330 | +€5,330 | |
| Taxes | 450/3 | - | €5,330 | +€5,330 | |
| Turnover | 70 | €98,510 | €104,450 | +€5,941 | +6.0% |
| Non-recurring operating income | 76A | €19,000 | - | -€19,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €98,003 | €76,368 | -€21,635 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €220 | €149 | -€71 | -32.3% |
| Gross operating margin | 9900 | €19,506 | €28,082 | +€8,576 | +44.0% |
| Operating profit (loss) | 9901 | €19,287 | €27,933 | +€8,646 | +44.8% |
| Financial income | 75/76B | €3,418 | - | -€3,418 | |
| Recurring financial income | 75 | €3,418 | - | -€3,418 | |
| Financial charges | 65/66B | €511 | €250 | -€261 | -51.0% |
| Recurring financial charges | 65 | €511 | €250 | -€261 | -51.0% |
| Profit (loss) for the period before taxes | 9903 | €22,194 | €27,683 | +€5,489 | +24.7% |
| Income taxes | 67/77 | €6,119 | €8,056 | +€1,938 | +31.7% |
| Profit (loss) for the period | 9904 | €16,075 | €19,627 | +€3,552 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,075 | €19,627 | +€3,552 | +22.1% |
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 24 October 2026 via checked.be.