VINCX ARCHITECTS: 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.
VINCX ARCHITECTS
Largest movements
- Current investments +€370,253
new in 2025: €370,253
- Cash -€240,985
down €240,985 (-69.1%), from €348,881 to €107,895
mainly Current investments (-€370,253) and Investment in fixed assets (net) (-€5,780)
- Receivables within one year -€61,112
down €61,112 (-76.8%), from €79,524 to €18,412
of which Trade receivables: -€58,536
- Tangible fixed assets -€9,378
down €9,378 (-10.7%), from €87,546 to €78,168
of which Furniture and vehicles: -€8,891
- Reserves +€32,799
up €32,799 (+7.7%), from €425,408 to €458,207
of which Distributable reserves: +€32,799
- Other debts +€14,330
up €14,330 (+120%), from €11,907 to €26,237
- Tax, wage and social debts +€9,278
up €9,278 (+14,727%), from €63 to €9,341
of which Taxes: +€6,196
- Gross operating margin +€6,867
up €6,867 (+12.5%), from €55,007 to €61,874
- Depreciation +€5,475
up €5,475 (+51.5%), from €10,639 to €16,114
- Financial charges +€2,210
up €2,210 (+742%), from €298 to €2,508
- Financial income +€1,503
up €1,503 (+147%), from €1,022 to €2,525
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 | €521,004 | €578,823 | +€57,819 | +11.1% |
| Fixed assets | 21/28 | €89,920 | €79,586 | -€10,333 | -11.5% |
| Intangible fixed assets | 21 | €2,374 | €1,419 | -€955 | -40.2% |
| Tangible fixed assets | 22/27 | €87,546 | €78,168 | -€9,378 | -10.7% |
| Plant, machinery and equipment | 23 | €2,138 | €1,650 | -€487 | -22.8% |
| Furniture and vehicles | 24 | €85,408 | €76,518 | -€8,891 | -10.4% |
| Current assets | 29/58 | €431,084 | €499,237 | +€68,152 | +15.8% |
| Amounts receivable within one year | 40/41 | €79,524 | €18,412 | -€61,112 | -76.8% |
| Trade receivables | 40 | €68,520 | €9,984 | -€58,536 | -85.4% |
| Other amounts receivable | 41 | €11,004 | €8,428 | -€2,576 | -23.4% |
| Current investments | 50/53 | - | €370,253 | +€370,253 | |
| Cash at bank and in hand | 54/58 | €348,881 | €107,895 | -€240,985 | -69.1% |
| Deferred charges and accrued income | 490/1 | €2,680 | €2,676 | -€3 | -0.1% |
| Total equity and liabilities | 10/49 | €521,004 | €578,823 | +€57,819 | +11.1% |
| Equity | 10/15 | €504,753 | €537,551 | +€32,799 | +6.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €425,408 | €458,207 | +€32,799 | +7.7% |
| Tax-exempt reserves | 132 | €13,293 | €13,293 | = | 0.0% |
| Distributable reserves | 133 | €412,115 | €444,913 | +€32,799 | +8.0% |
| Profit (loss) carried forward | 14 | €66,945 | €66,945 | = | 0.0% |
| Amounts payable | 17/49 | €16,252 | €41,272 | +€25,020 | +154% |
| Amounts payable within one year | 42/48 | €16,164 | €40,096 | +€23,932 | +148% |
| Trade debts | 44 | €4,195 | €4,519 | +€324 | +7.7% |
| Suppliers | 440/4 | €4,195 | €4,519 | +€324 | +7.7% |
| Taxes, remuneration and social security | 45 | €63 | €9,341 | +€9,278 | +14,727% |
| Taxes | 450/3 | €63 | €6,259 | +€6,196 | +9,836% |
| Remuneration and social security | 454/9 | - | €3,081 | +€3,081 | |
| Other amounts payable | 47/48 | €11,907 | €26,237 | +€14,330 | +120% |
| Accrued charges and deferred income | 492/3 | €87 | €1,176 | +€1,089 | +1,248% |
| Non-recurring operating income | 76A | €4,150 | - | -€4,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,639 | €16,114 | +€5,475 | +51.5% |
| Other operating charges | 640/8 | €529 | €325 | -€203 | -38.5% |
| Gross operating margin | 9900 | €55,007 | €61,874 | +€6,867 | +12.5% |
| Operating profit (loss) | 9901 | €43,840 | €45,435 | +€1,596 | +3.6% |
| Financial income | 75/76B | €1,022 | €2,525 | +€1,503 | +147% |
| Recurring financial income | 75 | €1,022 | €2,525 | +€1,503 | +147% |
| Financial charges | 65/66B | €298 | €2,508 | +€2,210 | +742% |
| Recurring financial charges | 65 | €298 | €2,508 | +€2,210 | +742% |
| Profit (loss) for the period before taxes | 9903 | €44,564 | €45,453 | +€889 | +2.0% |
| Income taxes | 67/77 | €12,481 | €12,654 | +€173 | +1.4% |
| Profit (loss) for the period | 9904 | €32,083 | €32,799 | +€716 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,083 | €32,799 | +€716 | +2.2% |
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.