VINCIT: 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.
VINCIT
Largest movements
- Receivables within one year -€25,779
down €25,779 (-80.3%), from €32,099 to €6,320
of which Trade receivables: -€15,717
- Cash -€21,653
down €21,653 (-99.7%), from €21,721 to €68
mainly Trade debts (-€73,558) and Debts after one year (-€38,411)
- Trade debts -€73,558
down €73,558 (-44.8%), from €164,035 to €90,477
- Profit (loss) carried forward +€67,894
up €67,894 (+53.2%), from €127,630 to €195,524
- Debts after one year -€38,411
down €38,411 (-40.6%), from €94,579 to €56,167
- Other debts -€18,000
no longer reported in 2024 (was €18,000)
- Tax, wage and social debts +€12,561
up €12,561 (+24.1%), from €52,175 to €64,737
- Depreciation -€2,477
down €2,477 (-97.5%), from €2,540 to €63
- Financial charges +€1,556
up €1,556 (+39.6%), from €3,928 to €5,484
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €503,419 | €455,474 | -€47,945 | -9.5% |
| Fixed assets | 21/28 | €448,281 | €448,218 | -€63 | 0.0% |
| Tangible fixed assets | 22/27 | €63 | - | -€63 | |
| Furniture and vehicles | 24 | €63 | - | -€63 | |
| Financial fixed assets | 28 | €448,218 | €448,218 | = | 0.0% |
| Current assets | 29/58 | €55,137 | €7,255 | -€47,882 | -86.8% |
| Amounts receivable within one year | 40/41 | €32,099 | €6,320 | -€25,779 | -80.3% |
| Trade receivables | 40 | €17,261 | €1,545 | -€15,717 | -91.1% |
| Other amounts receivable | 41 | €14,837 | €4,775 | -€10,062 | -67.8% |
| Cash at bank and in hand | 54/58 | €21,721 | €68 | -€21,653 | -99.7% |
| Deferred charges and accrued income | 490/1 | €1,318 | €868 | -€451 | -34.2% |
| Total equity and liabilities | 10/49 | €503,419 | €455,474 | -€47,945 | -9.5% |
| Equity | 10/15 | €135,690 | €203,584 | +€67,894 | +50.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,630 | €195,524 | +€67,894 | +53.2% |
| Amounts payable | 17/49 | €367,729 | €251,889 | -€115,840 | -31.5% |
| Amounts payable after more than one year | 17 | €94,579 | €56,167 | -€38,411 | -40.6% |
| Financial debts | 170/4 | €94,579 | €56,167 | -€38,411 | -40.6% |
| Amounts payable within one year | 42/48 | €273,115 | €195,204 | -€77,912 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €38,905 | €39,990 | +€1,085 | +2.8% |
| Trade debts | 44 | €164,035 | €90,477 | -€73,558 | -44.8% |
| Suppliers | 440/4 | €164,035 | €90,477 | -€73,558 | -44.8% |
| Taxes, remuneration and social security | 45 | €52,175 | €64,737 | +€12,561 | +24.1% |
| Taxes | 450/3 | €52,175 | €64,737 | +€12,561 | +24.1% |
| Other amounts payable | 47/48 | €18,000 | - | -€18,000 | |
| Accrued charges and deferred income | 492/3 | €35 | €518 | +€483 | +1373.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,540 | €63 | -€2,477 | -97.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €998 | - | -€998 | |
| Other operating charges | 640/8 | €881 | €906 | +€25 | +2.8% |
| Gross operating margin | 9900 | €102,491 | €102,639 | +€148 | +0.1% |
| Operating profit (loss) | 9901 | €98,073 | €101,670 | +€3,597 | +3.7% |
| Financial income | 75/76B | €968 | €857 | -€111 | -11.4% |
| Recurring financial income | 75 | €968 | €857 | -€111 | -11.4% |
| Financial charges | 65/66B | €3,928 | €5,484 | +€1,556 | +39.6% |
| Recurring financial charges | 65 | €3,928 | €5,484 | +€1,556 | +39.6% |
| Profit (loss) for the period before taxes | 9903 | €95,113 | €97,043 | +€1,930 | +2.0% |
| Income taxes | 67/77 | €28,546 | €29,149 | +€603 | +2.1% |
| Profit (loss) for the period | 9904 | €66,567 | €67,894 | +€1,328 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,567 | €67,894 | +€1,328 | +2.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.