vince: 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.
vince
Largest movements
- Deferred charges and accrued income -€27,053
down €27,053 (-8.6%), from €314,329 to €287,276
- Tangible fixed assets -€13,023
down €13,023 (-11.1%), from €117,683 to €104,659
of which Land and buildings: -€11,185
- Debts after one year -€160,094
down €160,094 (-25.9%), from €618,895 to €458,800
of which Financial debts: -€88,371
- Short-term financial debts +€50,626
up €50,626 (+71.3%), from €71,044 to €121,670
- Profit (loss) carried forward +€45,379
up €45,379 (+170%), from €26,750 to €72,129
- Tax, wage and social debts +€11,989
up €11,989 (+30.0%), from €39,949 to €51,938
of which Taxes: +€11,444
- Gross operating margin +€25,577
up €25,577 (+8.1%), from €314,187 to €339,764
- Staff costs +€18,174
up €18,174 (+12.9%), from €140,947 to €159,121
- Depreciation +€15,950
up €15,950 (+27.4%), from €58,260 to €74,211
- Financial charges +€9,901
up €9,901 (+34.9%), from €28,388 to €38,289
- Taxes -€3,774
down €3,774 (-15.9%), from €23,781 to €20,007
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 | €928,008 | €884,555 | -€43,453 | -4.7% |
| Fixed assets | 21/28 | €570,534 | €566,230 | -€4,304 | -0.8% |
| Intangible fixed assets | 21 | €452,477 | €461,196 | +€8,719 | +1.9% |
| Tangible fixed assets | 22/27 | €117,683 | €104,659 | -€13,023 | -11.1% |
| Land and buildings | 22 | €85,151 | €73,966 | -€11,185 | -13.1% |
| Plant, machinery and equipment | 23 | €15,200 | €15,214 | +€14 | +0.1% |
| Furniture and vehicles | 24 | €17,332 | €15,479 | -€1,853 | -10.7% |
| Financial fixed assets | 28 | €374 | €374 | = | 0.0% |
| Current assets | 29/58 | €357,474 | €318,325 | -€39,149 | -11.0% |
| Amounts receivable within one year | 40/41 | €36,861 | €29,263 | -€7,599 | -20.6% |
| Trade receivables | 40 | €36,861 | €20,339 | -€16,523 | -44.8% |
| Other amounts receivable | 41 | - | €8,924 | +€8,924 | |
| Cash at bank and in hand | 54/58 | €6,284 | €1,787 | -€4,497 | -71.6% |
| Deferred charges and accrued income | 490/1 | €314,329 | €287,276 | -€27,053 | -8.6% |
| Total equity and liabilities | 10/49 | €928,008 | €884,555 | -€43,453 | -4.7% |
| Equity | 10/15 | €65,250 | €110,629 | +€45,379 | +69.5% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €3,500 | €3,500 | = | 0.0% |
| Distributable reserves | 133 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,750 | €72,129 | +€45,379 | +170% |
| Amounts payable | 17/49 | €862,758 | €773,926 | -€88,832 | -10.3% |
| Amounts payable after more than one year | 17 | €618,895 | €458,800 | -€160,094 | -25.9% |
| Financial debts | 170/4 | €482,952 | €394,580 | -€88,371 | -18.3% |
| Other amounts payable | 178/9 | €135,943 | €64,220 | -€71,723 | -52.8% |
| Amounts payable within one year | 42/48 | €243,071 | €314,414 | +€71,343 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €109,189 | €115,223 | +€6,034 | +5.5% |
| Financial debts | 43 | €71,044 | €121,670 | +€50,626 | +71.3% |
| Credit institutions | 430/8 | €71,044 | €121,670 | +€50,626 | +71.3% |
| Trade debts | 44 | €22,889 | €25,583 | +€2,694 | +11.8% |
| Suppliers | 440/4 | €22,889 | €25,583 | +€2,694 | +11.8% |
| Taxes, remuneration and social security | 45 | €39,949 | €51,938 | +€11,989 | +30.0% |
| Taxes | 450/3 | €18,356 | €29,800 | +€11,444 | +62.3% |
| Remuneration and social security | 454/9 | €21,593 | €22,138 | +€545 | +2.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €793 | €712 | -€81 | -10.2% |
| Non-recurring operating income | 76A | €24 | €0 | -€24 | -100% |
| Remuneration, social security and pensions | 62 | €140,947 | €159,121 | +€18,174 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,260 | €74,211 | +€15,950 | +27.4% |
| Other operating charges | 640/8 | €1,942 | €2,758 | +€816 | +42.0% |
| Gross operating margin | 9900 | €314,187 | €339,764 | +€25,577 | +8.1% |
| Operating profit (loss) | 9901 | €113,038 | €103,674 | -€9,364 | -8.3% |
| Financial income | 75/76B | €56 | €1 | -€56 | -98.6% |
| Recurring financial income | 75 | €56 | €1 | -€56 | -98.6% |
| Financial charges | 65/66B | €28,388 | €38,289 | +€9,901 | +34.9% |
| Recurring financial charges | 65 | €28,388 | €38,289 | +€9,901 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €84,706 | €65,386 | -€19,320 | -22.8% |
| Income taxes | 67/77 | €23,781 | €20,007 | -€3,774 | -15.9% |
| Profit (loss) for the period | 9904 | €60,925 | €45,379 | -€15,546 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €60,925 | €45,379 | -€15,546 | -25.5% |
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 27 October 2026 via checked.be.