VINCROYABLE: what changed
VINCROYABLE
Largest movements
- Stocks and contracts +€9,429
up €9,429 (+101%), from €9,379 to €18,809
- Cash -€3,400
down €3,400 (-95.4%), from €3,565 to €166
mainly Stocks and contracts (-€9,429) and Accrued charges and deferred income (-€4,376)
- Receivables within one year +€2,264
up €2,264 (+276%), from €821 to €3,086
of which Trade receivables: +€3,086
- Reserves +€9,964
up €9,964 (+3,572%), from €279 to €10,243
- Accrued charges and deferred income -€4,376
no longer reported in 2025 (was €4,376)
- Tax, wage and social debts +€1,962
up €1,962 (+63.1%), from €3,111 to €5,073
- Trade debts +€744
new in 2025: €744
- Gross operating margin +€13,319
up €13,319 (+995%), from €1,338 to €14,657
- Taxes +€3,973
up €3,973 (+3,907%), from €102 to €4,075
- Other operating charges -€370
down €370 (-41.6%), from €890 to €520
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,766 | €22,060 | +€8,294 | +60.2% |
| Current assets | 29/58 | €13,766 | €22,060 | +€8,294 | +60.2% |
| Stocks and contracts in progress | 3 | €9,379 | €18,809 | +€9,429 | +101% |
| Stocks | 30/36 | €9,379 | €18,809 | +€9,429 | +101% |
| Amounts receivable within one year | 40/41 | €821 | €3,086 | +€2,264 | +276% |
| Trade receivables | 40 | - | €3,086 | +€3,086 | |
| Other amounts receivable | 41 | €821 | - | -€821 | |
| Cash at bank and in hand | 54/58 | €3,565 | €166 | -€3,400 | -95.4% |
| Total equity and liabilities | 10/49 | €13,766 | €22,060 | +€8,294 | +60.2% |
| Equity | 10/15 | €6,279 | €16,243 | +€9,964 | +159% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €279 | €10,243 | +€9,964 | +3,572% |
| Distributable reserves | 133 | €279 | €10,243 | +€9,964 | +3,572% |
| Amounts payable | 17/49 | €7,487 | €5,817 | -€1,670 | -22.3% |
| Amounts payable within one year | 42/48 | €3,111 | €5,817 | +€2,706 | +87.0% |
| Trade debts | 44 | - | €744 | +€744 | |
| Suppliers | 440/4 | - | €744 | +€744 | |
| Taxes, remuneration and social security | 45 | €3,111 | €5,073 | +€1,962 | +63.1% |
| Taxes | 450/3 | €3,111 | €5,073 | +€1,962 | +63.1% |
| Accrued charges and deferred income | 492/3 | €4,376 | - | -€4,376 | |
| Other operating charges | 640/8 | €890 | €520 | -€370 | -41.6% |
| Gross operating margin | 9900 | €1,338 | €14,657 | +€13,319 | +995% |
| Operating profit (loss) | 9901 | €448 | €14,138 | +€13,689 | +3,053% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €68 | €104 | +€37 | +54.1% |
| Recurring financial charges | 65 | €68 | €104 | +€37 | +54.1% |
| Profit (loss) for the period before taxes | 9903 | €381 | €14,039 | +€13,658 | +3,588% |
| Income taxes | 67/77 | €102 | €4,075 | +€3,973 | +3,907% |
| Profit (loss) for the period | 9904 | €279 | €9,964 | +€9,685 | +3,472% |
| Profit (loss) for the period to be appropriated | 9905 | €279 | €9,964 | +€9,685 | +3,472% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.