vingtrois: 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.
vingtrois
Largest movements
- Receivables within one year -€45,197
down €45,197 (-69.7%), from €64,877 to €19,680
of which Trade receivables: -€57,439
- Cash -€7,141
down €7,141 (-66.5%), from €10,731 to €3,590
mainly Trade debts (-€45,828) and Tax, wage and social debts (-€9,724)
- Tangible fixed assets +€2,223
up €2,223 (+209.7%), from €1,060 to €3,283
- Trade debts -€45,828
no longer reported in 2025 (was €45,828)
- Profit (loss) carried forward +€11,878
up €11,878 (+3981.1%), from €298 to €12,176
- Tax, wage and social debts -€9,724
down €9,724 (-71.4%), from €13,610 to €3,886
- Other debts -€6,616
down €6,616 (-42.1%), from €15,721 to €9,105
- Gross operating margin +€14,019
up €14,019 (+293.1%), from €4,784 to €18,803
- Taxes +€2,908
up €2,908 (+380.8%), from €764 to €3,672
- Financial income +€977
up €977 (+11179.1%), from €9 to €986
- Financial charges +€729
up €729 (+39.7%), from €1,836 to €2,565
- Depreciation -€440
down €440 (-30.4%), from €1,446 to €1,006
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 | €77,758 | €27,467 | -€50,290 | -64.7% |
| Fixed assets | 21/28 | €1,060 | €3,283 | +€2,223 | +209.7% |
| Tangible fixed assets | 22/27 | €1,060 | €3,283 | +€2,223 | +209.7% |
| Furniture and vehicles | 24 | €1,060 | €3,283 | +€2,223 | +209.7% |
| Current assets | 29/58 | €76,698 | €24,184 | -€52,514 | -68.5% |
| Amounts receivable within one year | 40/41 | €64,877 | €19,680 | -€45,197 | -69.7% |
| Trade receivables | 40 | €64,877 | €7,438 | -€57,439 | -88.5% |
| Other amounts receivable | 41 | - | €12,242 | +€12,242 | |
| Cash at bank and in hand | 54/58 | €10,731 | €3,590 | -€7,141 | -66.5% |
| Deferred charges and accrued income | 490/1 | €1,090 | €913 | -€176 | -16.2% |
| Total equity and liabilities | 10/49 | €77,758 | €27,467 | -€50,290 | -64.7% |
| Equity | 10/15 | €2,598 | €14,476 | +€11,878 | +457.1% |
| Contributions | 10/11 | €2,300 | €2,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €298 | €12,176 | +€11,878 | +3981.1% |
| Amounts payable | 17/49 | €75,159 | €12,991 | -€62,168 | -82.7% |
| Amounts payable within one year | 42/48 | €75,159 | €12,991 | -€62,168 | -82.7% |
| Trade debts | 44 | €45,828 | - | -€45,828 | |
| Suppliers | 440/4 | €45,828 | - | -€45,828 | |
| Taxes, remuneration and social security | 45 | €13,610 | €3,886 | -€9,724 | -71.4% |
| Taxes | 450/3 | €13,610 | €3,886 | -€9,724 | -71.4% |
| Other amounts payable | 47/48 | €15,721 | €9,105 | -€6,616 | -42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,446 | €1,006 | -€440 | -30.4% |
| Other operating charges | 640/8 | €448 | €667 | +€219 | +49.0% |
| Gross operating margin | 9900 | €4,784 | €18,803 | +€14,019 | +293.1% |
| Operating profit (loss) | 9901 | €2,890 | €17,130 | +€14,240 | +492.8% |
| Financial income | 75/76B | €9 | €986 | +€977 | +11179.1% |
| Recurring financial income | 75 | €9 | €986 | +€977 | +11179.1% |
| Financial charges | 65/66B | €1,836 | €2,565 | +€729 | +39.7% |
| Recurring financial charges | 65 | €1,836 | €2,565 | +€729 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | €1,062 | €15,550 | +€14,488 | +1364.2% |
| Income taxes | 67/77 | €764 | €3,672 | +€2,908 | +380.8% |
| Profit (loss) for the period | 9904 | €298 | €11,878 | +€11,580 | +3881.1% |
| Profit (loss) for the period to be appropriated | 9905 | €298 | €11,878 | +€11,580 | +3881.1% |
Source: filed annual accounts (NBB), fiscal years ended 29 February 2024 and 28 February 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.