VINCOO: 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.
What changed
VINCOO
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€283,512
2024 · €196,138+€87,374
Equity
€1.8m
2024 · €1.5m+€283,512
Cash
€93,239
2024 · €101,913-€8,674
Balance sheet total
€10.0m
2024 · €9.1m+€898,818
Largest movements
Assets
- Receivables within one year +€897,167
up €897,167 (+21.9%), from €4.1m to €5.0m
of which Other amounts receivable: +€822,386
Equity and liabilities
- Debts after one year +€1.1m
up €1.1m (+17.2%), from €6.2m to €7.3m
of which Other amounts payable: +€1.3m
- Short-term financial debts -€372,025
down €372,025 (-94.8%), from €392,387 to €20,362
of which Credit institutions: -€372,049
- Reserves +€283,512
up €283,512 (+18.8%), from €1.5m to €1.8m
of which Distributable reserves: +€287,107
- Other debts -€142,588
down €142,588 (-32.1%), from €443,702 to €301,113
Income statement
- Gross operating margin +€89,809
up €89,809 (+17.1%), from €525,410 to €615,219
- Financial income +€82,117
up €82,117 (+110.0%), from €74,674 to €156,791
of which Financial income: +€106,979
- Financial charges +€63,691
up €63,691 (+30.3%), from €210,549 to €274,240
- Taxes +€36,273
up €36,273 (+38.9%), from €93,218 to €129,491
- Depreciation -€20,370
down €20,370 (-21.4%), from €95,409 to €75,039
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.
Result 2024
€196,138
Gross operating margin
+€89,809
Depreciation
+€20,370
Other operating charges
-€4,957
Financial income
+€82,117
Financial charges
-€63,691
Taxes
-€36,273
Result 2025
€283,512
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.
From operations
-€658,620
Investment
-€10,902
Financing
+€660,849
Cash 2024
€101,913
From operations (derived)
-€658,620
Net result for the year
+€283,512
Depreciation
+€75,039
Smaller working-capital items
-€3,079
Receivables within one year
-€897,167
Deferred charges and accrued income
-€72,580
Trade debts
-€6,345
Tax, wage and social debts
+€33,896
Other debts
-€142,588
Accrued charges and deferred income
+€70,692
Investment (derived)
-€10,902
Investment in fixed assets (net)
-€10,902
Financing
+€660,849
Debts after one year
+€1.1m
Current portion of long-term debt
-€36,528
Short-term financial debts
-€372,025
Cash 2025
€93,239
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,104,339 | €10,003,157 | +€898,818 | +9.9% |
| Fixed assets | 21/28 | €4,188,785 | €4,124,649 | -€64,136 | -1.5% |
| Tangible fixed assets | 22/27 | €2,438,785 | €2,374,649 | -€64,136 | -2.6% |
| Land and buildings | 22 | €2,310,680 | €2,259,548 | -€51,132 | -2.2% |
| Furniture and vehicles | 24 | €58,764 | €46,554 | -€12,211 | -20.8% |
| Other tangible fixed assets | 26 | €69,341 | €68,547 | -€793 | -1.1% |
| Financial fixed assets | 28 | €1,750,000 | €1,750,000 | = | 0.0% |
| Current assets | 29/58 | €4,915,554 | €5,878,508 | +€962,955 | +19.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €608,967 | €610,848 | +€1,881 | +0.3% |
| Stocks | 30/36 | €608,967 | €610,848 | +€1,881 | +0.3% |
| Amounts receivable within one year | 40/41 | €4,100,198 | €4,997,365 | +€897,167 | +21.9% |
| Trade receivables | 40 | €23,539 | €98,321 | +€74,782 | +317.7% |
| Other amounts receivable | 41 | €4,076,659 | €4,899,045 | +€822,386 | +20.2% |
| Cash at bank and in hand | 54/58 | €101,913 | €93,239 | -€8,674 | -8.5% |
| Deferred charges and accrued income | 490/1 | €104,476 | €177,056 | +€72,580 | +69.5% |
| Total equity and liabilities | 10/49 | €9,104,339 | €10,003,157 | +€898,818 | +9.9% |
| Equity | 10/15 | €1,529,717 | €1,813,229 | +€283,512 | +18.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,510,067 | €1,793,580 | +€283,512 | +18.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €218,383 | €214,788 | -€3,595 | -1.6% |
| Distributable reserves | 133 | €1,291,685 | €1,578,792 | +€287,107 | +22.2% |
| Profit (loss) carried forward | 14 | €1,049 | €1,049 | = | 0.0% |
| Provisions and deferred taxes | 16 | €30,576 | €29,378 | -€1,198 | -3.9% |
| Deferred taxes | 168 | €30,576 | €29,378 | -€1,198 | -3.9% |
| Amounts payable | 17/49 | €7,544,046 | €8,160,550 | +€616,504 | +8.2% |
| Amounts payable after more than one year | 17 | €6,214,154 | €7,283,555 | +€1.1m | +17.2% |
| Financial debts | 170/4 | €2,440,518 | €2,226,771 | -€213,747 | -8.8% |
| Other amounts payable | 178/9 | €3,773,636 | €5,056,784 | +€1.3m | +34.0% |
| Amounts payable within one year | 42/48 | €1,248,314 | €724,725 | -€523,589 | -41.9% |
| Current portion of amounts payable after more than one year | 42 | €362,402 | €325,875 | -€36,528 | -10.1% |
| Financial debts | 43 | €392,387 | €20,362 | -€372,025 | -94.8% |
| Credit institutions | 430/8 | €372,049 | €0 | -€372,049 | -100.0% |
| Other loans | 439 | €20,337 | €20,362 | +€24 | +0.1% |
| Trade debts | 44 | €21,606 | €15,261 | -€6,345 | -29.4% |
| Suppliers | 440/4 | €21,606 | €15,261 | -€6,345 | -29.4% |
| Taxes, remuneration and social security | 45 | €28,218 | €62,114 | +€33,896 | +120.1% |
| Taxes | 450/3 | €19,967 | €62,114 | +€42,147 | +211.1% |
| Remuneration and social security | 454/9 | €8,251 | €0 | -€8,251 | -100.0% |
| Other amounts payable | 47/48 | €443,702 | €301,113 | -€142,588 | -32.1% |
| Accrued charges and deferred income | 492/3 | €81,578 | €152,271 | +€70,692 | +86.7% |
| Non-recurring operating income | 76A | €0 | €333 | +€333 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,409 | €75,039 | -€20,370 | -21.4% |
| Other operating charges | 640/8 | €5,969 | €10,927 | +€4,957 | +83.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €525,410 | €615,219 | +€89,809 | +17.1% |
| Operating profit (loss) | 9901 | €424,032 | €529,254 | +€105,222 | +24.8% |
| Financial income | 75/76B | €74,674 | €156,791 | +€82,117 | +110.0% |
| Recurring financial income | 75 | €49,812 | €156,791 | +€106,979 | +214.8% |
| Non-recurring financial income | 76B | €24,863 | €0 | -€24,863 | -100.0% |
| Financial charges | 65/66B | €210,549 | €274,240 | +€63,691 | +30.3% |
| Recurring financial charges | 65 | €210,549 | €274,240 | +€63,691 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | €288,157 | €411,805 | +€123,647 | +42.9% |
| Transfer from deferred taxes | 780 | €1,198 | €1,198 | = | 0.0% |
| Income taxes | 67/77 | €93,218 | €129,491 | +€36,273 | +38.9% |
| Profit (loss) for the period | 9904 | €196,138 | €283,512 | +€87,374 | +44.5% |
| Transfer from tax-exempt reserves | 789 | €3,595 | €66,745 | +€63,150 | +1756.8% |
| Transfer to tax-exempt reserves | 689 | €0 | €63,150 | +€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €199,732 | €287,107 | +€87,374 | +43.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.