VINCLO OSTEND: 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.
VINCLO OSTEND
Largest movements
- Cash +€51,553
up €51,553 (+104%), from €49,502 to €101,055
mainly Other debts (+€22,780) and Depreciation (+€14,081)
- Tangible fixed assets -€12,862
down €12,862 (-19.8%), from €64,896 to €52,035
of which Plant, machinery and equipment: -€10,469
- Receivables within one year -€6,616
down €6,616 (-83.5%), from €7,919 to €1,304
of which Trade receivables: -€7,310
- Stocks and contracts +€2,050
up €2,050 (+13.4%), from €15,300 to €17,350
- Other debts +€22,780
up €22,780 (+368%), from €6,182 to €28,962
- Profit (loss) carried forward +€13,293
up €13,293, from -€2,018 to €11,275
- Tax, wage and social debts +€9,593
up €9,593 (+122%), from €7,866 to €17,459
- Debts after one year -€7,792
down €7,792 (-8.5%), from €91,817 to €84,025
of which Financial debts: -€7,792
- Trade debts -€4,037
down €4,037 (-35.8%), from €11,286 to €7,250
- Gross operating margin +€23,996
up €23,996 (+137%), from €17,548 to €41,545
- Taxes +€3,290
up €3,290 (+1,612%), from €204 to €3,494
- Other operating charges +€2,178
up €2,178 (+44.4%), from €4,900 to €7,078
- Financial income -€551
down €551 (-92.6%), from €595 to €44
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 | €140,104 | €174,263 | +€34,158 | +24.4% |
| Fixed assets | 21/28 | €64,896 | €52,035 | -€12,862 | -19.8% |
| Tangible fixed assets | 22/27 | €64,896 | €52,035 | -€12,862 | -19.8% |
| Plant, machinery and equipment | 23 | €55,639 | €45,170 | -€10,469 | -18.8% |
| Furniture and vehicles | 24 | €9,258 | €6,865 | -€2,393 | -25.8% |
| Current assets | 29/58 | €75,208 | €122,228 | +€47,020 | +62.5% |
| Stocks and contracts in progress | 3 | €15,300 | €17,350 | +€2,050 | +13.4% |
| Stocks | 30/36 | €15,300 | €17,350 | +€2,050 | +13.4% |
| Amounts receivable within one year | 40/41 | €7,919 | €1,304 | -€6,616 | -83.5% |
| Trade receivables | 40 | €7,310 | €0 | -€7,310 | -100% |
| Other amounts receivable | 41 | €609 | €1,304 | +€694 | +114% |
| Cash at bank and in hand | 54/58 | €49,502 | €101,055 | +€51,553 | +104% |
| Deferred charges and accrued income | 490/1 | €2,487 | €2,520 | +€33 | +1.3% |
| Total equity and liabilities | 10/49 | €140,104 | €174,263 | +€34,158 | +24.4% |
| Equity | 10/15 | €15,482 | €28,775 | +€13,293 | +85.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,018 | €11,275 | +€13,293 | |
| Amounts payable | 17/49 | €124,622 | €145,488 | +€20,866 | +16.7% |
| Amounts payable after more than one year | 17 | €91,817 | €84,025 | -€7,792 | -8.5% |
| Financial debts | 170/4 | €29,508 | €21,716 | -€7,792 | -26.4% |
| Other amounts payable | 178/9 | €62,309 | €62,309 | = | 0.0% |
| Amounts payable within one year | 42/48 | €32,805 | €61,463 | +€28,658 | +87.4% |
| Current portion of amounts payable after more than one year | 42 | €7,471 | €7,792 | +€321 | +4.3% |
| Trade debts | 44 | €11,286 | €7,250 | -€4,037 | -35.8% |
| Suppliers | 440/4 | €11,286 | €7,250 | -€4,037 | -35.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €7,866 | €17,459 | +€9,593 | +122% |
| Taxes | 450/3 | €7,866 | €17,459 | +€9,593 | +122% |
| Other amounts payable | 47/48 | €6,182 | €28,962 | +€22,780 | +368% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,702 | €14,081 | +€378 | +2.8% |
| Other operating charges | 640/8 | €4,900 | €7,078 | +€2,178 | +44.4% |
| Non-recurring operating charges | 66A | - | €981 | +€981 | |
| Gross operating margin | 9900 | €17,548 | €41,545 | +€23,996 | +137% |
| Operating profit (loss) | 9901 | -€1,054 | €19,405 | +€20,459 | |
| Financial income | 75/76B | €595 | €44 | -€551 | -92.6% |
| Recurring financial income | 75 | €595 | €44 | -€551 | -92.6% |
| Financial charges | 65/66B | €2,385 | €2,662 | +€277 | +11.6% |
| Recurring financial charges | 65 | €2,385 | €2,662 | +€277 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,844 | €16,787 | +€19,631 | |
| Income taxes | 67/77 | €204 | €3,494 | +€3,290 | +1,612% |
| Profit (loss) for the period | 9904 | -€3,048 | €13,293 | +€16,341 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,048 | €13,293 | +€16,341 |
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 27 October 2026 via checked.be.