VINTAGE SERVICES: 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.
VINTAGE SERVICES
Largest movements
- Tangible fixed assets -€135,037
down €135,037 (-5.1%), from €2.6m to €2.5m
of which Land and buildings: -€132,364
- Cash -€92,817
down €92,817 (-33.2%), from €279,498 to €186,682
mainly Debts after one year (-€412,830) and Tax, wage and social debts (-€56,792)
- Debts after one year -€412,830
down €412,830 (-37.1%), from €1.1m to €699,952
of which Other amounts payable: -€398,664
- Profit (loss) carried forward +€280,912
up €280,912 (+27.6%), from €1.0m to €1.3m
- Tax, wage and social debts -€56,792
down €56,792 (-45.7%), from €124,347 to €67,554
of which Taxes: -€60,370
- Gross operating margin -€55,208
down €55,208 (-4.8%), from €1.1m to €1.1m
- Staff costs +€30,317
up €30,317 (+7.8%), from €390,160 to €420,477
- Financial charges -€21,496
down €21,496 (-25.3%), from €84,991 to €63,495
- Taxes -€16,032
down €16,032 (-13.1%), from €122,281 to €106,249
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 | €2,949,338 | €2,712,607 | -€236,731 | -8.0% |
| Fixed assets | 21/28 | €2,632,358 | €2,497,472 | -€134,886 | -5.1% |
| Tangible fixed assets | 22/27 | €2,631,858 | €2,496,822 | -€135,037 | -5.1% |
| Land and buildings | 22 | €2,620,844 | €2,488,480 | -€132,364 | -5.1% |
| Plant, machinery and equipment | 23 | €6,184 | €4,316 | -€1,867 | -30.2% |
| Furniture and vehicles | 24 | €2,140 | €1,334 | -€806 | -37.7% |
| Other tangible fixed assets | 26 | €2,692 | €2,692 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €651 | +€151 | +30.1% |
| Current assets | 29/58 | €316,980 | €215,135 | -€101,845 | -32.1% |
| Stocks and contracts in progress | 3 | €2,982 | €2,780 | -€202 | -6.8% |
| Stocks | 30/36 | €2,982 | €2,780 | -€202 | -6.8% |
| Amounts receivable within one year | 40/41 | €18,627 | €9,645 | -€8,982 | -48.2% |
| Trade receivables | 40 | €18,620 | €9,645 | -€8,976 | -48.2% |
| Other amounts receivable | 41 | €6 | - | -€6 | |
| Cash at bank and in hand | 54/58 | €279,498 | €186,682 | -€92,817 | -33.2% |
| Deferred charges and accrued income | 490/1 | €15,873 | €16,029 | +€156 | +1.0% |
| Total equity and liabilities | 10/49 | €2,949,338 | €2,712,607 | -€236,731 | -8.0% |
| Equity | 10/15 | €1,481,453 | €1,747,408 | +€265,954 | +18.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,016,236 | €1,297,148 | +€280,912 | +27.6% |
| Investment grants | 15 | €245,217 | €230,260 | -€14,957 | -6.1% |
| Amounts payable | 17/49 | €1,467,885 | €965,199 | -€502,686 | -34.2% |
| Amounts payable after more than one year | 17 | €1,112,781 | €699,952 | -€412,830 | -37.1% |
| Financial debts | 170/4 | €14,166 | - | -€14,166 | |
| Other amounts payable | 178/9 | €1,098,616 | €699,952 | -€398,664 | -36.3% |
| Amounts payable within one year | 42/48 | €268,607 | €170,136 | -€98,471 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €33,394 | €14,166 | -€19,228 | -57.6% |
| Trade debts | 44 | €59,854 | €49,981 | -€9,873 | -16.5% |
| Suppliers | 440/4 | €59,854 | €49,981 | -€9,873 | -16.5% |
| Advances received on contracts in progress | 46 | €51,013 | €38,436 | -€12,577 | -24.7% |
| Taxes, remuneration and social security | 45 | €124,347 | €67,554 | -€56,792 | -45.7% |
| Taxes | 450/3 | €73,987 | €13,618 | -€60,370 | -81.6% |
| Remuneration and social security | 454/9 | €50,359 | €53,937 | +€3,577 | +7.1% |
| Accrued charges and deferred income | 492/3 | €86,496 | €95,112 | +€8,615 | +10.0% |
| Remuneration, social security and pensions | 62 | €390,160 | €420,477 | +€30,317 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,626 | €156,070 | +€444 | +0.3% |
| Other operating charges | 640/8 | €73,736 | €72,935 | -€801 | -1.1% |
| Non-recurring operating charges | 66A | €2,017 | - | -€2,017 | |
| Gross operating margin | 9900 | €1,140,377 | €1,085,169 | -€55,208 | -4.8% |
| Operating profit (loss) | 9901 | €518,838 | €435,687 | -€83,151 | -16.0% |
| Financial income | 75/76B | €17,917 | €14,968 | -€2,949 | -16.5% |
| Recurring financial income | 75 | €17,917 | €14,968 | -€2,949 | -16.5% |
| Financial charges | 65/66B | €84,991 | €63,495 | -€21,496 | -25.3% |
| Recurring financial charges | 65 | €84,991 | €63,495 | -€21,496 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €451,764 | €387,160 | -€64,604 | -14.3% |
| Income taxes | 67/77 | €122,281 | €106,249 | -€16,032 | -13.1% |
| Profit (loss) for the period | 9904 | €329,483 | €280,912 | -€48,571 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €329,483 | €280,912 | -€48,571 | -14.7% |
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 20 October 2026 via checked.be.