VINCRI: 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.
VINCRI
Largest movements
- Tangible fixed assets -€238,859
down €238,859 (-23.5%), from €1.0m to €775,675
of which Land and buildings: -€242,627
- Cash -€20,371
down €20,371 (-20.7%), from €98,434 to €78,062
mainly Net result for the year (-€222,333) and Receivables within one year (-€20,049)
- Receivables within one year +€20,049
up €20,049 (+51.6%), from €38,887 to €58,936
of which Trade receivables: +€16,335
- Profit (loss) carried forward -€222,333
down €222,333 (-563.6%), from -€39,447 to -€261,780
- Gross operating margin -€221,137
down €221,137, from €107,997 to -€113,140
- Staff costs -€31,799
down €31,799 (-37.1%), from €85,743 to €53,945
- Depreciation -€8,490
down €8,490 (-13.9%), from €61,212 to €52,722
- Other operating charges -€3,593
down €3,593 (-65.9%), from €5,454 to €1,861
- Financial income -€1,194
down €1,194 (-84.3%), from €1,416 to €223
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,155,857 | €918,353 | -€237,504 | -20.5% |
| Fixed assets | 21/28 | €1,014,535 | €775,675 | -€238,859 | -23.5% |
| Tangible fixed assets | 22/27 | €1,014,535 | €775,675 | -€238,859 | -23.5% |
| Land and buildings | 22 | €1,012,883 | €770,256 | -€242,627 | -24.0% |
| Furniture and vehicles | 24 | €1,652 | €5,419 | +€3,768 | +228.1% |
| Current assets | 29/58 | €141,322 | €142,678 | +€1,355 | +1.0% |
| Amounts receivable within one year | 40/41 | €38,887 | €58,936 | +€20,049 | +51.6% |
| Trade receivables | 40 | €13,915 | €30,250 | +€16,335 | +117.4% |
| Other amounts receivable | 41 | €24,972 | €28,686 | +€3,714 | +14.9% |
| Cash at bank and in hand | 54/58 | €98,434 | €78,062 | -€20,371 | -20.7% |
| Deferred charges and accrued income | 490/1 | €4,002 | €5,679 | +€1,678 | +41.9% |
| Total equity and liabilities | 10/49 | €1,155,857 | €918,353 | -€237,504 | -20.5% |
| Equity | 10/15 | €1,117,794 | €895,461 | -€222,333 | -19.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,095,241 | €1,095,241 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,089,041 | €1,089,041 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,447 | -€261,780 | -€222,333 | -563.6% |
| Amounts payable | 17/49 | €38,063 | €22,892 | -€15,171 | -39.9% |
| Amounts payable within one year | 42/48 | €38,063 | €22,892 | -€15,171 | -39.9% |
| Financial debts | 43 | €740 | - | -€740 | |
| Credit institutions | 430/8 | €740 | - | -€740 | |
| Trade debts | 44 | €13,721 | €6,302 | -€7,420 | -54.1% |
| Suppliers | 440/4 | €13,721 | €6,302 | -€7,420 | -54.1% |
| Taxes, remuneration and social security | 45 | €23,602 | €14,862 | -€8,740 | -37.0% |
| Taxes | 450/3 | €14,275 | €7,708 | -€6,567 | -46.0% |
| Remuneration and social security | 454/9 | €9,327 | €7,153 | -€2,174 | -23.3% |
| Other amounts payable | 47/48 | €0 | €1,729 | +€1,729 | |
| Non-recurring operating income | 76A | €0 | €9,760 | +€9,760 | |
| Remuneration, social security and pensions | 62 | €85,743 | €53,945 | -€31,799 | -37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,212 | €52,722 | -€8,490 | -13.9% |
| Other operating charges | 640/8 | €5,454 | €1,861 | -€3,593 | -65.9% |
| Gross operating margin | 9900 | €107,997 | -€113,140 | -€221,137 | |
| Operating profit (loss) | 9901 | -€44,412 | -€221,667 | -€177,255 | -399.1% |
| Financial income | 75/76B | €1,416 | €223 | -€1,194 | -84.3% |
| Recurring financial income | 75 | €1,416 | €223 | -€1,194 | -84.3% |
| Financial charges | 65/66B | €327 | €191 | -€137 | -41.7% |
| Recurring financial charges | 65 | €327 | €191 | -€137 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | -€43,323 | -€221,635 | -€178,312 | -411.6% |
| Income taxes | 67/77 | €664 | €698 | +€34 | +5.2% |
| Profit (loss) for the period | 9904 | -€43,987 | -€222,333 | -€178,346 | -405.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,987 | -€222,333 | -€178,346 | -405.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.