VINCORP & CIE: 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.
VINCORP & CIE
Largest movements
- Receivables after one year -€250,000
down €250,000 (-66.0%), from €378,900 to €128,900
- Cash +€35,637
up €35,637, from €0 to €35,637
mainly Receivables after one year (+€250,000) and Net result for the year (+€131,194)
- Receivables within one year -€18,374
down €18,374 (-70.5%), from €26,073 to €7,699
- Tangible fixed assets -€13,164
down €13,164 (-23.2%), from €56,626 to €43,462
- Reserves -€251,370
down €251,370 (-65.7%), from €382,563 to €131,194
- Tax, wage and social debts +€30,032
up €30,032 (+99.6%), from €30,150 to €60,182
- Short-term financial debts -€24,098
down €24,098 (-98.9%), from €24,367 to €269
of which Credit institutions: -€23,221
- Gross operating margin -€12,974
down €12,974 (-6.9%), from €187,953 to €174,979
- Taxes -€11,033
down €11,033 (-20.9%), from €52,797 to €41,764
- Financial income -€10,156
down €10,156 (-39.2%), from €25,877 to €15,721
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 | €461,798 | €215,802 | -€245,996 | -53.3% |
| Fixed assets | 21/28 | €56,677 | €43,513 | -€13,164 | -23.2% |
| Tangible fixed assets | 22/27 | €56,626 | €43,462 | -€13,164 | -23.2% |
| Furniture and vehicles | 24 | €56,626 | €43,462 | -€13,164 | -23.2% |
| Financial fixed assets | 28 | €51 | €51 | = | 0.0% |
| Current assets | 29/58 | €405,121 | €172,289 | -€232,832 | -57.5% |
| Amounts receivable after more than one year | 29 | €378,900 | €128,900 | -€250,000 | -66.0% |
| Other amounts receivable | 291 | €378,900 | €128,900 | -€250,000 | -66.0% |
| Amounts receivable within one year | 40/41 | €26,073 | €7,699 | -€18,374 | -70.5% |
| Other amounts receivable | 41 | €26,073 | €7,699 | -€18,374 | -70.5% |
| Cash at bank and in hand | 54/58 | €0 | €35,637 | +€35,637 | |
| Deferred charges and accrued income | 490/1 | €148 | €54 | -€94 | -63.8% |
| Total equity and liabilities | 10/49 | €461,798 | €215,802 | -€245,996 | -53.3% |
| Equity | 10/15 | €401,163 | €149,794 | -€251,370 | -62.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €382,563 | €131,194 | -€251,370 | -65.7% |
| Distributable reserves | 133 | €382,563 | €131,194 | -€251,370 | -65.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €60,635 | €66,008 | +€5,373 | +8.9% |
| Amounts payable within one year | 42/48 | €60,635 | €66,008 | +€5,373 | +8.9% |
| Financial debts | 43 | €24,367 | €269 | -€24,098 | -98.9% |
| Credit institutions | 430/8 | €23,221 | €0 | -€23,221 | -100% |
| Other loans | 439 | €1,146 | €269 | -€877 | -76.5% |
| Trade debts | 44 | €3,408 | €2,089 | -€1,319 | -38.7% |
| Suppliers | 440/4 | €3,408 | €2,089 | -€1,319 | -38.7% |
| Taxes, remuneration and social security | 45 | €30,150 | €60,182 | +€30,032 | +99.6% |
| Taxes | 450/3 | €30,150 | €60,182 | +€30,032 | +99.6% |
| Other amounts payable | 47/48 | €2,710 | €3,468 | +€758 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,814 | €13,164 | +€1,350 | +11.4% |
| Other operating charges | 640/8 | €998 | €1,715 | +€716 | +71.7% |
| Gross operating margin | 9900 | €187,953 | €174,979 | -€12,974 | -6.9% |
| Operating profit (loss) | 9901 | €175,141 | €160,100 | -€15,041 | -8.6% |
| Financial income | 75/76B | €25,877 | €15,721 | -€10,156 | -39.2% |
| Recurring financial income | 75 | €25,877 | €15,721 | -€10,156 | -39.2% |
| Financial charges | 65/66B | €1,918 | €2,864 | +€946 | +49.3% |
| Recurring financial charges | 65 | €1,918 | €2,864 | +€946 | +49.3% |
| Profit (loss) for the period before taxes | 9903 | €199,100 | €172,958 | -€26,142 | -13.1% |
| Income taxes | 67/77 | €52,797 | €41,764 | -€11,033 | -20.9% |
| Profit (loss) for the period | 9904 | €146,303 | €131,194 | -€15,109 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €146,303 | €131,194 | -€15,109 | -10.3% |
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 30 October 2026 via checked.be.