VINGENIUS: 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.
VINGENIUS
Largest movements
- Cash +€122,809
up €122,809 (+55.1%), from €222,750 to €345,558
mainly Net result for the year (+€165,260) and Depreciation (+€17,526)
- Current investments +€25,714
up €25,714 (+90.8%), from €28,320 to €54,034
- Tangible fixed assets -€11,395
down €11,395 (-18.7%), from €60,959 to €49,563
- Receivables within one year -€6,081
down €6,081 (-21.9%), from €27,717 to €21,636
of which Other amounts receivable: -€6,081
- Reserves +€165,260
up €165,260 (+71.0%), from €232,746 to €398,006
- Short-term financial debts -€16,920
down €16,920 (-100%), from €16,920 to €0
- Debts after one year -€11,599
down €11,599 (-30.1%), from €38,544 to €26,945
- Tax, wage and social debts -€6,007
down €6,007 (-28.7%), from €20,901 to €14,894
of which Taxes: -€5,907
- Gross operating margin -€6,540
down €6,540 (-2.7%), from €244,383 to €237,843
- Depreciation +€4,109
up €4,109 (+30.6%), from €13,417 to €17,526
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 | €339,746 | €471,672 | +€131,926 | +38.8% |
| Fixed assets | 21/28 | €60,959 | €49,563 | -€11,395 | -18.7% |
| Tangible fixed assets | 22/27 | €60,959 | €49,563 | -€11,395 | -18.7% |
| Furniture and vehicles | 24 | €60,959 | €49,563 | -€11,395 | -18.7% |
| Current assets | 29/58 | €278,787 | €422,108 | +€143,321 | +51.4% |
| Amounts receivable within one year | 40/41 | €27,717 | €21,636 | -€6,081 | -21.9% |
| Trade receivables | 40 | €18,150 | €18,150 | = | 0.0% |
| Other amounts receivable | 41 | €9,567 | €3,486 | -€6,081 | -63.6% |
| Current investments | 50/53 | €28,320 | €54,034 | +€25,714 | +90.8% |
| Cash at bank and in hand | 54/58 | €222,750 | €345,558 | +€122,809 | +55.1% |
| Deferred charges and accrued income | 490/1 | €0 | €880 | +€880 | |
| Total equity and liabilities | 10/49 | €339,746 | €471,672 | +€131,926 | +38.8% |
| Equity | 10/15 | €251,746 | €417,006 | +€165,260 | +65.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €232,746 | €398,006 | +€165,260 | +71.0% |
| Distributable reserves | 133 | €232,746 | €398,006 | +€165,260 | +71.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €88,000 | €54,666 | -€33,334 | -37.9% |
| Amounts payable after more than one year | 17 | €38,544 | €26,945 | -€11,599 | -30.1% |
| Financial debts | 170/4 | €38,544 | €26,945 | -€11,599 | -30.1% |
| Amounts payable within one year | 42/48 | €49,456 | €27,721 | -€21,735 | -43.9% |
| Current portion of amounts payable after more than one year | 42 | €11,102 | €11,599 | +€497 | +4.5% |
| Financial debts | 43 | €16,920 | €0 | -€16,920 | -100% |
| Credit institutions | 430/8 | €16,920 | €0 | -€16,920 | -100% |
| Trade debts | 44 | €399 | €1,040 | +€641 | +161% |
| Suppliers | 440/4 | €399 | €1,040 | +€641 | +161% |
| Taxes, remuneration and social security | 45 | €20,901 | €14,894 | -€6,007 | -28.7% |
| Taxes | 450/3 | €18,601 | €12,694 | -€5,907 | -31.8% |
| Remuneration and social security | 454/9 | €2,300 | €2,200 | -€100 | -4.3% |
| Other amounts payable | 47/48 | €134 | €188 | +€54 | +40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,417 | €17,526 | +€4,109 | +30.6% |
| Other operating charges | 640/8 | €1,395 | €1,404 | +€10 | +0.7% |
| Gross operating margin | 9900 | €244,383 | €237,843 | -€6,540 | -2.7% |
| Operating profit (loss) | 9901 | €229,571 | €218,913 | -€10,659 | -4.6% |
| Financial income | 75/76B | €2,257 | €422 | -€1,835 | -81.3% |
| Recurring financial income | 75 | €2,257 | €422 | -€1,835 | -81.3% |
| Financial charges | 65/66B | €3,948 | €2,452 | -€1,496 | -37.9% |
| Recurring financial charges | 65 | €3,948 | €2,452 | -€1,496 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €227,881 | €216,883 | -€10,997 | -4.8% |
| Income taxes | 67/77 | €53,026 | €51,623 | -€1,403 | -2.6% |
| Profit (loss) for the period | 9904 | €174,855 | €165,260 | -€9,594 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €174,855 | €165,260 | -€9,594 | -5.5% |
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 28 October 2026 via checked.be.