VINCREST: 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
VINCREST
NACE 56.111, Full-service restaurants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€12,195
2024 · -€151,673+€139,478
Equity
-€243,835
2024 · -€231,640-€12,195
Cash
€176,404
2024 · €123,624+€52,780
Balance sheet total
€439,063
2024 · €493,395-€54,332
Largest movements
Assets
- Tangible fixed assets -€94,580
down €94,580 (-35.9%), from €263,655 to €169,075
of which Other tangible fixed assets: -€93,262
- Cash +€52,780
up €52,780 (+42.7%), from €123,624 to €176,404
mainly Depreciation (+€145,977) and Other debts (+€20,003)
- Receivables within one year -€13,327
down €13,327 (-31.8%), from €41,871 to €28,544
of which Other amounts receivable: -€12,315
Equity and liabilities
- Debts after one year -€89,234
down €89,234 (-41.7%), from €213,813 to €124,580
- Other debts +€20,003
up €20,003 (+2354.4%), from €850 to €20,852
- Trade debts +€19,280
up €19,280 (+6.2%), from €310,277 to €329,557
- Profit (loss) carried forward -€12,195
down €12,195 (-4.2%), from -€293,640 to -€305,835
- Accrued charges and deferred income +€5,231
up €5,231 (+93.3%), from €5,604 to €10,836
Income statement
- Turnover +€4.0m
new in 2025: €4.0m
- Services and other goods +€1.6m
new in 2025: €1.6m
- Gross operating margin -€1.2m
no longer reported in 2025 (was €1.2m)
- Goods and materials +€1.1m
new in 2025: €1.1m
of which Purchases: +€1.1m
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
-€151,673
Turnover
+€4.0m
Other operating income
+€24,336
Goods and materials
-€1.1m
Services and other goods
-€1.6m
Staff costs
+€29,744
Depreciation
-€3,104
Other operating charges
+€1,938
Other operating items
-€1.2m
Financial income
+€49
Financial charges
+€433
Taxes
+€19
Result 2025
-€12,195
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
+€191,105
Investment
-€49,279
Financing
-€89,046
Cash 2024
€123,624
From operations (derived)
+€191,105
Net result for the year
-€12,195
Depreciation
+€145,977
Stocks and contracts
+€1,913
Receivables within one year
+€13,327
Deferred charges and accrued income
-€4,826
Trade debts
+€19,280
Tax, wage and social debts
+€2,395
Other debts
+€20,003
Accrued charges and deferred income
+€5,231
Investment (derived)
-€49,279
Investment in fixed assets (net)
-€49,279
Financing
-€89,046
Debts after one year
-€89,234
Current portion of long-term debt
+€188
Cash 2025
€176,404
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €493,395 | €439,063 | -€54,332 | -11.0% |
| Fixed assets | 21/28 | €287,549 | €190,850 | -€96,698 | -33.6% |
| Intangible fixed assets | 21 | €23,299 | €21,180 | -€2,118 | -9.1% |
| Tangible fixed assets | 22/27 | €263,655 | €169,075 | -€94,580 | -35.9% |
| Plant, machinery and equipment | 23 | €50,252 | €49,287 | -€965 | -1.9% |
| Furniture and vehicles | 24 | €404 | €50 | -€354 | -87.5% |
| Other tangible fixed assets | 26 | €212,999 | €119,738 | -€93,262 | -43.8% |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Other financial fixed assets | 284/8 | - | €595 | +€595 | |
| Shares | 284 | - | €595 | +€595 | |
| Current assets | 29/58 | €205,847 | €248,213 | +€42,366 | +20.6% |
| Stocks and contracts in progress | 3 | €24,379 | €22,466 | -€1,913 | -7.8% |
| Stocks | 30/36 | €24,379 | €22,466 | -€1,913 | -7.8% |
| Goods purchased for resale | 34 | - | €22,466 | +€22,466 | |
| Amounts receivable within one year | 40/41 | €41,871 | €28,544 | -€13,327 | -31.8% |
| Trade receivables | 40 | €28,034 | €27,021 | -€1,012 | -3.6% |
| Other amounts receivable | 41 | €13,837 | €1,522 | -€12,315 | -89.0% |
| Current investments | 50/53 | €874 | €874 | = | 0.0% |
| Other investments | 51/53 | - | €874 | +€874 | |
| Cash at bank and in hand | 54/58 | €123,624 | €176,404 | +€52,780 | +42.7% |
| Deferred charges and accrued income | 490/1 | €15,098 | €19,925 | +€4,826 | +32.0% |
| Total equity and liabilities | 10/49 | €493,395 | €439,063 | -€54,332 | -11.0% |
| Equity | 10/15 | -€231,640 | -€243,835 | -€12,195 | -5.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€293,640 | -€305,835 | -€12,195 | -4.2% |
| Amounts payable | 17/49 | €725,035 | €682,898 | -€42,137 | -5.8% |
| Amounts payable after more than one year | 17 | €213,813 | €124,580 | -€89,234 | -41.7% |
| Financial debts | 170/4 | €213,813 | €124,580 | -€89,234 | -41.7% |
| Credit institutions | 173 | - | €124,580 | +€124,580 | |
| Amounts payable within one year | 42/48 | €505,617 | €547,482 | +€41,865 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €92,581 | €92,769 | +€188 | +0.2% |
| Trade debts | 44 | €310,277 | €329,557 | +€19,280 | +6.2% |
| Suppliers | 440/4 | €310,277 | €329,557 | +€19,280 | +6.2% |
| Taxes, remuneration and social security | 45 | €101,909 | €104,304 | +€2,395 | +2.3% |
| Taxes | 450/3 | €380 | €300 | -€80 | -21.1% |
| Remuneration and social security | 454/9 | €101,529 | €104,004 | +€2,475 | +2.4% |
| Other amounts payable | 47/48 | €850 | €20,852 | +€20,003 | +2354.4% |
| Accrued charges and deferred income | 492/3 | €5,604 | €10,836 | +€5,231 | +93.3% |
| Operating income | 70/76A | - | €4,056,417 | +€4.1m | |
| Turnover | 70 | - | €4,032,081 | +€4.0m | |
| Other operating income | 74 | - | €24,336 | +€24,336 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | - | €4,039,648 | +€4.0m | |
| Goods for resale, raw materials and consumables | 60 | - | €1,141,521 | +€1.1m | |
| Purchases | 600/8 | - | €1,139,608 | +€1.1m | |
| Change in stocks: decrease (increase) | 609 | - | €1,913 | +€1,913 | |
| Services and other goods | 61 | - | €1,601,856 | +€1.6m | |
| Remuneration, social security and pensions | 62 | €1,148,907 | €1,119,163 | -€29,744 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,873 | €145,977 | +€3,104 | +2.2% |
| Other operating charges | 640/8 | €33,069 | €31,131 | -€1,938 | -5.9% |
| Non-recurring operating charges | 66A | €3,202 | €0 | -€3,202 | -100.0% |
| Gross operating margin | 9900 | €1,205,843 | - | -€1.2m | |
| Operating profit (loss) | 9901 | -€122,208 | €16,769 | +€138,977 | |
| Financial income | 75/76B | €1 | €50 | +€49 | +3356.6% |
| Recurring financial income | 75 | €1 | €50 | +€49 | +3356.6% |
| Other financial income | 752/9 | - | €50 | +€50 | |
| Financial charges | 65/66B | €29,151 | €28,718 | -€433 | -1.5% |
| Recurring financial charges | 65 | €29,151 | €28,718 | -€433 | -1.5% |
| Debt charges | 650 | - | €7,124 | +€7,124 | |
| Other financial charges | 652/9 | - | €21,594 | +€21,594 | |
| Profit (loss) for the period before taxes | 9903 | -€151,358 | -€11,899 | +€139,459 | +92.1% |
| Income taxes | 67/77 | €315 | €296 | -€19 | -6.0% |
| Taxes | 670/3 | - | €300 | +€300 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €4 | +€4 | |
| Profit (loss) for the period | 9904 | -€151,673 | -€12,195 | +€139,478 | +92.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€151,673 | -€12,195 | +€139,478 | +92.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.