VINGT/VINGT: 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.
VINGT/VINGT
Largest movements
- Receivables within one year -€5,488
down €5,488 (-92.0%), from €5,965 to €477
of which Trade receivables: -€4,830
- Tangible fixed assets +€1,857
up €1,857 (+1,664%), from €112 to €1,968
- Profit (loss) carried forward -€9,549
down €9,549 (-39.8%), from -€23,968 to -€33,517
- Other debts +€7,988
up €7,988 (+38.8%), from €20,587 to €28,575
- Trade debts -€1,254
down €1,254 (-52.7%), from €2,379 to €1,125
- Advances received -€790
no longer reported in 2025 (was €790)
- Gross operating margin -€3,890
down €3,890 (-79.8%), from -€4,874 to -€8,765
- Depreciation +€383
up €383 (+229%), from €167 to €549
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 | €6,110 | €2,505 | -€3,604 | -59.0% |
| Fixed assets | 21/28 | €112 | €1,968 | +€1,857 | +1,664% |
| Tangible fixed assets | 22/27 | €112 | €1,968 | +€1,857 | +1,664% |
| Furniture and vehicles | 24 | €112 | €1,968 | +€1,857 | +1,664% |
| Current assets | 29/58 | €5,998 | €537 | -€5,461 | -91.0% |
| Amounts receivable within one year | 40/41 | €5,965 | €477 | -€5,488 | -92.0% |
| Trade receivables | 40 | €4,830 | - | -€4,830 | |
| Other amounts receivable | 41 | €1,135 | €477 | -€658 | -58.0% |
| Cash at bank and in hand | 54/58 | €33 | €60 | +€27 | +81.7% |
| Total equity and liabilities | 10/49 | €6,110 | €2,505 | -€3,604 | -59.0% |
| Equity | 10/15 | -€17,768 | -€27,317 | -€9,549 | -53.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,968 | -€33,517 | -€9,549 | -39.8% |
| Amounts payable | 17/49 | €23,878 | €29,822 | +€5,944 | +24.9% |
| Amounts payable within one year | 42/48 | €23,878 | €29,822 | +€5,944 | +24.9% |
| Trade debts | 44 | €2,379 | €1,125 | -€1,254 | -52.7% |
| Suppliers | 440/4 | €2,379 | €1,125 | -€1,254 | -52.7% |
| Advances received on contracts in progress | 46 | €790 | - | -€790 | |
| Taxes, remuneration and social security | 45 | €121 | €121 | = | 0.0% |
| Taxes | 450/3 | €121 | €121 | = | 0.0% |
| Other amounts payable | 47/48 | €20,587 | €28,575 | +€7,988 | +38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167 | €549 | +€383 | +229% |
| Gross operating margin | 9900 | -€4,874 | -€8,765 | -€3,890 | -79.8% |
| Operating profit (loss) | 9901 | -€5,041 | -€9,314 | -€4,273 | -84.8% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €194 | €238 | +€44 | +22.9% |
| Recurring financial charges | 65 | €194 | €238 | +€44 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,235 | -€9,549 | -€4,314 | -82.4% |
| Profit (loss) for the period | 9904 | -€5,235 | -€9,549 | -€4,314 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,235 | -€9,549 | -€4,314 | -82.4% |
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 19 October 2026 via checked.be.