A. VYNCKE: what changed
What changed
A. VYNCKE
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
€26,645
31-12-2024 · €17,202+€9,443
Equity
€296,675
31-12-2024 · €270,030+€26,645
Cash
€118,240
31-12-2024 · €218,097-€99,857
Balance sheet total
€329,162
31-12-2024 · €457,035-€127,873
Largest movements
Assets
- Cash -€99,857
down €99,857 (-45.8%), from €218,097 to €118,240
mainly Other debts (-€150,000) and Trade debts (-€9,926)
- Stocks and contracts -€14,001
down €14,001 (-9.2%), from €152,035 to €138,035
- Receivables within one year -€12,352
down €12,352 (-20.2%), from €61,207 to €48,855
of which Trade receivables: -€21,135
Equity and liabilities
- Other debts -€150,000
down €150,000 (-100%), from €150,000 to €0
- Reserves +€26,645
up €26,645 (+13.7%), from €195,030 to €221,675
of which Tax-exempt reserves: +€18,750
- Trade debts -€9,926
down €9,926 (-35.7%), from €27,838 to €17,911
- Provisions +€6,250
up €6,250 (+185%), from €3,375 to €9,625
Income statement
- Gross operating margin +€33,531
up €33,531 (+12.0%), from €279,061 to €312,592
- Staff costs +€25,707
up €25,707 (+10.4%), from €246,591 to €272,298
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 31-12-2024
€17,202
Gross operating margin
+€33,531
Staff costs
-€25,707
Depreciation
+€1,921
Other operating charges
+€1,508
Financial charges
+€1,153
Taxes
-€89
Deferred taxes and other
-€2,875
Result 31-12-2025
€26,645
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€99,857
Investment
€0
Financing
€0
Cash 31-12-2024
€218,097
From operations (derived)
-€99,857
Net result for the year
+€26,645
Depreciation
+€1,221
Stocks and contracts
+€14,001
Receivables within one year
+€12,352
Deferred charges and accrued income
+€443
Provisions
+€6,250
Trade debts
-€9,926
Tax, wage and social debts
+€1,214
Other debts
-€150,000
Accrued charges and deferred income
-€2,056
Cash 31-12-2025
€118,240
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €457,035 | €329,162 | -€127,873 | -28.0% |
| Fixed assets | 21/28 | €25,012 | €23,790 | -€1,221 | -4.9% |
| Tangible fixed assets | 22/27 | €24,488 | €23,266 | -€1,221 | -5.0% |
| Plant, machinery and equipment | 23 | €1,524 | €1,166 | -€359 | -23.5% |
| Other tangible fixed assets | 26 | €22,963 | €22,101 | -€863 | -3.8% |
| Financial fixed assets | 28 | €524 | €524 | = | 0.0% |
| Current assets | 29/58 | €432,023 | €305,371 | -€126,652 | -29.3% |
| Stocks and contracts in progress | 3 | €152,035 | €138,035 | -€14,001 | -9.2% |
| Stocks | 30/36 | €152,035 | €138,035 | -€14,001 | -9.2% |
| Amounts receivable within one year | 40/41 | €61,207 | €48,855 | -€12,352 | -20.2% |
| Trade receivables | 40 | €48,734 | €27,599 | -€21,135 | -43.4% |
| Other amounts receivable | 41 | €12,473 | €21,257 | +€8,783 | +70.4% |
| Cash at bank and in hand | 54/58 | €218,097 | €118,240 | -€99,857 | -45.8% |
| Deferred charges and accrued income | 490/1 | €684 | €241 | -€443 | -64.8% |
| Total equity and liabilities | 10/49 | €457,035 | €329,162 | -€127,873 | -28.0% |
| Equity | 10/15 | €270,030 | €296,675 | +€26,645 | +9.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €195,030 | €221,675 | +€26,645 | +13.7% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,114 | €55,864 | +€18,750 | +50.5% |
| Distributable reserves | 133 | €150,416 | €158,311 | +€7,895 | +5.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €3,375 | €9,625 | +€6,250 | +185% |
| Deferred taxes | 168 | €3,375 | €9,625 | +€6,250 | +185% |
| Amounts payable | 17/49 | €183,629 | €22,862 | -€160,768 | -87.6% |
| Amounts payable within one year | 42/48 | €181,574 | €22,862 | -€158,712 | -87.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €27,838 | €17,911 | -€9,926 | -35.7% |
| Suppliers | 440/4 | €27,838 | €17,911 | -€9,926 | -35.7% |
| Taxes, remuneration and social security | 45 | €3,736 | €4,950 | +€1,214 | +32.5% |
| Taxes | 450/3 | €3,736 | €4,950 | +€1,214 | +32.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €150,000 | €0 | -€150,000 | -100% |
| Accrued charges and deferred income | 492/3 | €2,056 | €0 | -€2,056 | -100% |
| Remuneration, social security and pensions | 62 | €246,591 | €272,298 | +€25,707 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,142 | €1,221 | -€1,921 | -61.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,567 | €1,058 | -€1,508 | -58.8% |
| Gross operating margin | 9900 | €279,061 | €312,592 | +€33,531 | +12.0% |
| Operating profit (loss) | 9901 | €26,761 | €38,015 | +€11,254 | +42.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,472 | €1,320 | -€1,153 | -46.6% |
| Recurring financial charges | 65 | €2,472 | €1,320 | -€1,153 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €24,289 | €36,695 | +€12,407 | +51.1% |
| Transfer to deferred taxes | 680 | €3,375 | €6,250 | +€2,875 | +85.2% |
| Income taxes | 67/77 | €3,711 | €3,800 | +€89 | +2.4% |
| Profit (loss) for the period | 9904 | €17,202 | €26,645 | +€9,443 | +54.9% |
| Transfer to tax-exempt reserves | 689 | €10,125 | €18,750 | +€8,625 | +85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,077 | €7,895 | +€818 | +11.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.