VINCO DEVELOPMENTS: 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.
VINCO DEVELOPMENTS
Largest movements
- Cash +€82,451
up €82,451 (+102%), from €80,558 to €163,008
mainly Stocks and contracts (+€81,200) and Receivables within one year (+€66,305)
- Stocks and contracts -€81,200
down €81,200 (-44.9%), from €180,750 to €99,550
- Receivables within one year -€66,305
down €66,305 (-26.0%), from €254,696 to €188,390
of which Trade receivables: -€59,986
- Other debts -€67,784
down €67,784 (-28.1%), from €240,814 to €173,030
- Trade debts +€19,109
up €19,109 (+27.4%), from €69,692 to €88,801
- Tax, wage and social debts -€13,225
down €13,225 (-15.9%), from €83,290 to €70,065
of which Taxes: -€24,689
- Profit (loss) carried forward +€6,266
up €6,266 (+43.9%), from -€14,261 to -€7,996
- Debts after one year -€5,909
no longer reported in 2025 (was €5,909)
- Taxes -€7,893
no longer reported in 2025 (was €7,893)
- Gross operating margin -€6,235
down €6,235 (-3.4%), from €184,702 to €178,467
- Financial income -€4,547
down €4,547 (-60.3%), from €7,546 to €2,999
of which Non-recurring financial income: -€3,005
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 | €585,330 | €521,150 | -€64,180 | -11.0% |
| Fixed assets | 21/28 | €50,288 | €53,277 | +€2,989 | +5.9% |
| Tangible fixed assets | 22/27 | €41,091 | €44,580 | +€3,489 | +8.5% |
| Plant, machinery and equipment | 23 | €9,019 | €9,963 | +€944 | +10.5% |
| Furniture and vehicles | 24 | €32,072 | €34,617 | +€2,545 | +7.9% |
| Financial fixed assets | 28 | €9,197 | €8,697 | -€500 | -5.4% |
| Current assets | 29/58 | €535,042 | €467,874 | -€67,168 | -12.6% |
| Stocks and contracts in progress | 3 | €180,750 | €99,550 | -€81,200 | -44.9% |
| Contracts in progress | 37 | €180,750 | €99,550 | -€81,200 | -44.9% |
| Amounts receivable within one year | 40/41 | €254,696 | €188,390 | -€66,305 | -26.0% |
| Trade receivables | 40 | €239,254 | €179,268 | -€59,986 | -25.1% |
| Other amounts receivable | 41 | €15,441 | €9,122 | -€6,319 | -40.9% |
| Cash at bank and in hand | 54/58 | €80,558 | €163,008 | +€82,451 | +102% |
| Deferred charges and accrued income | 490/1 | €19,039 | €16,925 | -€2,114 | -11.1% |
| Total equity and liabilities | 10/49 | €585,330 | €521,150 | -€64,180 | -11.0% |
| Equity | 10/15 | €174,754 | €181,020 | +€6,266 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €170,415 | €170,415 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,028 | €10,028 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,028 | €10,028 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,550 | €11,550 | = | 0.0% |
| Distributable reserves | 133 | €148,837 | €148,837 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,261 | -€7,996 | +€6,266 | +43.9% |
| Amounts payable | 17/49 | €410,576 | €340,131 | -€70,445 | -17.2% |
| Amounts payable after more than one year | 17 | €5,909 | - | -€5,909 | |
| Financial debts | 170/4 | €5,909 | - | -€5,909 | |
| Amounts payable within one year | 42/48 | €404,428 | €339,961 | -€64,467 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €8,476 | €5,909 | -€2,567 | -30.3% |
| Trade debts | 44 | €69,692 | €88,801 | +€19,109 | +27.4% |
| Suppliers | 440/4 | €69,692 | €88,801 | +€19,109 | +27.4% |
| Advances received on contracts in progress | 46 | €2,155 | €2,155 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €83,290 | €70,065 | -€13,225 | -15.9% |
| Taxes | 450/3 | €55,100 | €30,411 | -€24,689 | -44.8% |
| Remuneration and social security | 454/9 | €28,190 | €39,654 | +€11,463 | +40.7% |
| Other amounts payable | 47/48 | €240,814 | €173,030 | -€67,784 | -28.1% |
| Accrued charges and deferred income | 492/3 | €239 | €170 | -€69 | -28.9% |
| Remuneration, social security and pensions | 62 | €131,709 | €131,207 | -€502 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,425 | €12,247 | +€823 | +7.2% |
| Other operating charges | 640/8 | €1,960 | €1,702 | -€258 | -13.2% |
| Gross operating margin | 9900 | €184,702 | €178,467 | -€6,235 | -3.4% |
| Operating profit (loss) | 9901 | €39,608 | €33,310 | -€6,298 | -15.9% |
| Financial income | 75/76B | €7,546 | €2,999 | -€4,547 | -60.3% |
| Recurring financial income | 75 | €4,541 | €2,999 | -€1,542 | -33.9% |
| Non-recurring financial income | 76B | €3,005 | - | -€3,005 | |
| Financial charges | 65/66B | €31,089 | €30,044 | -€1,045 | -3.4% |
| Recurring financial charges | 65 | €31,089 | €30,044 | -€1,045 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €16,065 | €6,266 | -€9,800 | -61.0% |
| Income taxes | 67/77 | €7,893 | - | -€7,893 | |
| Profit (loss) for the period | 9904 | €8,173 | €6,266 | -€1,907 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,173 | €6,266 | -€1,907 | -23.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.