Vincky: 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.
Vincky
Largest movements
- Tangible fixed assets -€19,333
down €19,333 (-6.3%), from €304,680 to €285,348
- Receivables within one year +€5,125
up €5,125 (+17.1%), from €29,918 to €35,043
- Reserves -€9,841
down €9,841 (-7.9%), from €124,247 to €114,406
of which Tax-exempt reserves: -€9,841
- Profit (loss) carried forward -€3,805
down €3,805 (-3.2%), from €119,166 to €115,361
- Gross operating margin +€1,066
up €1,066 (+17.3%), from €6,162 to €7,228
- Financial charges -€542
down €542 (-92.3%), from €587 to €45
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.
Cash bridge derived
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 | €351,671 | €334,238 | -€17,433 | -5.0% |
| Fixed assets | 21/28 | €304,680 | €285,348 | -€19,333 | -6.3% |
| Tangible fixed assets | 22/27 | €304,680 | €285,348 | -€19,333 | -6.3% |
| Land and buildings | 22 | €304,680 | €285,348 | -€19,333 | -6.3% |
| Current assets | 29/58 | €46,991 | €48,890 | +€1,900 | +4.0% |
| Amounts receivable within one year | 40/41 | €29,918 | €35,043 | +€5,125 | +17.1% |
| Other amounts receivable | 41 | €29,918 | €35,043 | +€5,125 | +17.1% |
| Cash at bank and in hand | 54/58 | €16,844 | €13,620 | -€3,225 | -19.1% |
| Deferred charges and accrued income | 490/1 | €229 | €228 | -€1 | -0.2% |
| Total equity and liabilities | 10/49 | €351,671 | €334,238 | -€17,433 | -5.0% |
| Equity | 10/15 | €304,963 | €291,317 | -€13,646 | -4.5% |
| Contributions | 10/11 | €61,550 | €61,550 | = | 0.0% |
| Capital | 10 | €61,550 | €61,550 | = | 0.0% |
| Issued capital | 100 | €61,550 | €61,550 | = | 0.0% |
| Reserves | 13 | €124,247 | €114,406 | -€9,841 | -7.9% |
| Non-distributable reserves | 130/1 | €6,155 | €6,155 | = | 0.0% |
| Legal reserve | 130 | €6,155 | €6,155 | = | 0.0% |
| Tax-exempt reserves | 132 | €118,092 | €108,251 | -€9,841 | -8.3% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €119,166 | €115,361 | -€3,805 | -3.2% |
| Provisions and deferred taxes | 16 | €39,365 | €36,084 | -€3,280 | -8.3% |
| Deferred taxes | 168 | €39,365 | €36,084 | -€3,280 | -8.3% |
| Amounts payable | 17/49 | €7,344 | €6,837 | -€507 | -6.9% |
| Amounts payable within one year | 42/48 | €6,413 | €6,294 | -€119 | -1.9% |
| Trade debts | 44 | €126 | €0 | -€126 | -100.0% |
| Suppliers | 440/4 | €126 | €0 | -€126 | -100.0% |
| Other amounts payable | 47/48 | €6,287 | €6,294 | +€7 | +0.1% |
| Accrued charges and deferred income | 492/3 | €930 | €543 | -€387 | -41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,333 | €19,333 | = | 0.0% |
| Other operating charges | 640/8 | €1,870 | €1,902 | +€32 | +1.7% |
| Non-recurring operating charges | 66A | - | €2,875 | +€2,875 | |
| Gross operating margin | 9900 | €6,162 | €7,228 | +€1,066 | +17.3% |
| Operating profit (loss) | 9901 | -€15,041 | -€16,882 | -€1,841 | -12.2% |
| Financial charges | 65/66B | €587 | €45 | -€542 | -92.3% |
| Recurring financial charges | 65 | €587 | €45 | -€542 | -92.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,627 | -€16,927 | -€1,299 | -8.3% |
| Transfer from deferred taxes | 780 | €3,280 | €3,280 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€12,347 | -€13,646 | -€1,299 | -10.5% |
| Transfer from tax-exempt reserves | 789 | €9,841 | €9,841 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,506 | -€3,805 | -€1,299 | -51.9% |
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 11 October 2026 via checked.be.