De Vinke: 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.
De Vinke
Largest movements
- Cash +€520,538
up €520,538 (+289%), from €179,846 to €700,385
mainly Net result for the year (+€470,718) and Tax, wage and social debts (+€101,998)
- Receivables within one year +€80,376
up €80,376 (+7.7%), from €1.0m to €1.1m
of which Other amounts receivable: +€150,585
- Reserves +€470,718
up €470,718 (+36.2%), from €1.3m to €1.8m
of which Distributable reserves: +€470,718
- Tax, wage and social debts +€101,998
up €101,998 (+227%), from €44,891 to €146,890
- Trade debts +€33,086
up €33,086 (+106%), from €31,129 to €64,214
- Other debts -€23,959
down €23,959 (-86.7%), from €27,621 to €3,663
- Gross operating margin -€186,653
down €186,653 (-22.7%), from €820,871 to €634,218
- Taxes -€47,930
down €47,930 (-23.6%), from €203,337 to €155,407
- Financial income -€19,792
down €19,792 (-58.2%), from €34,010 to €14,218
of which Non-recurring financial income: -€15,000
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 | €1,423,085 | €2,004,929 | +€581,844 | +40.9% |
| Fixed assets | 21/28 | €203,616 | €183,883 | -€19,733 | -9.7% |
| Tangible fixed assets | 22/27 | €203,616 | €183,883 | -€19,733 | -9.7% |
| Land and buildings | 22 | €130,097 | €125,512 | -€4,585 | -3.5% |
| Furniture and vehicles | 24 | €73,520 | €58,371 | -€15,148 | -20.6% |
| Current assets | 29/58 | €1,219,469 | €1,821,046 | +€601,577 | +49.3% |
| Amounts receivable within one year | 40/41 | €1,038,961 | €1,119,337 | +€80,376 | +7.7% |
| Trade receivables | 40 | €758,897 | €688,687 | -€70,210 | -9.3% |
| Other amounts receivable | 41 | €280,065 | €430,650 | +€150,585 | +53.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €179,846 | €700,385 | +€520,538 | +289% |
| Deferred charges and accrued income | 490/1 | €661 | €1,324 | +€663 | +100% |
| Total equity and liabilities | 10/49 | €1,423,085 | €2,004,929 | +€581,844 | +40.9% |
| Equity | 10/15 | €1,319,444 | €1,790,162 | +€470,718 | +35.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,300,844 | €1,771,562 | +€470,718 | +36.2% |
| Tax-exempt reserves | 132 | €105,250 | €105,250 | = | 0.0% |
| Distributable reserves | 133 | €1,195,594 | €1,666,312 | +€470,718 | +39.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €103,641 | €214,767 | +€111,125 | +107% |
| Amounts payable within one year | 42/48 | €103,641 | €214,767 | +€111,125 | +107% |
| Trade debts | 44 | €31,129 | €64,214 | +€33,086 | +106% |
| Suppliers | 440/4 | €31,129 | €64,214 | +€33,086 | +106% |
| Taxes, remuneration and social security | 45 | €44,891 | €146,890 | +€101,998 | +227% |
| Taxes | 450/3 | €44,891 | €146,890 | +€101,998 | +227% |
| Other amounts payable | 47/48 | €27,621 | €3,663 | -€23,959 | -86.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,807 | €19,733 | +€1,926 | +10.8% |
| Other operating charges | 640/8 | €1,653 | €2,143 | +€490 | +29.6% |
| Gross operating margin | 9900 | €820,871 | €634,218 | -€186,653 | -22.7% |
| Operating profit (loss) | 9901 | €801,411 | €612,341 | -€189,070 | -23.6% |
| Financial income | 75/76B | €34,010 | €14,218 | -€19,792 | -58.2% |
| Recurring financial income | 75 | €19,010 | €14,218 | -€4,792 | -25.2% |
| Non-recurring financial income | 76B | €15,000 | €0 | -€15,000 | -100% |
| Financial charges | 65/66B | €600 | €433 | -€167 | -27.8% |
| Recurring financial charges | 65 | €600 | €433 | -€167 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €834,821 | €626,126 | -€208,695 | -25.0% |
| Income taxes | 67/77 | €203,337 | €155,407 | -€47,930 | -23.6% |
| Profit (loss) for the period | 9904 | €631,484 | €470,718 | -€160,766 | -25.5% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €0 | -€105,250 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €526,234 | €470,718 | -€55,516 | -10.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.