Ets Vinck: 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.
Ets Vinck
Largest movements
- Receivables within one year +€300,000
up €300,000 (+1983.5%), from €15,125 to €315,125
of which Other amounts receivable: +€300,000
- Profit (loss) carried forward +€593,378
up €593,378 (+517.9%), from €114,574 to €707,952
- Other debts -€500,000
no longer reported in 2025 (was €500,000)
- Debts after one year +€177,120
up €177,120 (+5.1%), from €3.5m to €3.6m
of which Financial debts: +€177,120
- Financial income +€440,390
up €440,390 (+275.9%), from €159,610 to €600,000
- Gross operating margin +€89,503
up €89,503, from -€130 to €89,373
- Financial charges +€51,089
up €51,089 (+113.8%), from €44,906 to €95,995
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 | €4,516,281 | €4,820,735 | +€304,454 | +6.7% |
| Fixed assets | 21/28 | €4,500,000 | €4,500,000 | = | 0.0% |
| Financial fixed assets | 28 | €4,500,000 | €4,500,000 | = | 0.0% |
| Current assets | 29/58 | €16,281 | €320,735 | +€304,454 | +1870.0% |
| Amounts receivable within one year | 40/41 | €15,125 | €315,125 | +€300,000 | +1983.5% |
| Trade receivables | 40 | €15,125 | €15,125 | = | 0.0% |
| Other amounts receivable | 41 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €1,156 | €5,610 | +€4,454 | +385.2% |
| Total equity and liabilities | 10/49 | €4,516,281 | €4,820,735 | +€304,454 | +6.7% |
| Equity | 10/15 | €224,574 | €817,952 | +€593,378 | +264.2% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Capital | 10 | €110,000 | - | -€110,000 | |
| Issued capital | 100 | €110,000 | - | -€110,000 | |
| Profit (loss) carried forward | 14 | €114,574 | €707,952 | +€593,378 | +517.9% |
| Amounts payable | 17/49 | €4,291,707 | €4,002,782 | -€288,925 | -6.7% |
| Amounts payable after more than one year | 17 | €3,462,438 | €3,639,559 | +€177,120 | +5.1% |
| Financial debts | 170/4 | €1,962,438 | €2,139,559 | +€177,120 | +9.0% |
| Other amounts payable | 178/9 | €1,500,000 | €1,500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €820,220 | €335,774 | -€484,445 | -59.1% |
| Current portion of amounts payable after more than one year | 42 | €311,356 | €322,880 | +€11,524 | +3.7% |
| Taxes, remuneration and social security | 45 | €8,864 | €12,895 | +€4,031 | +45.5% |
| Taxes | 450/3 | €6,305 | €6,254 | -€51 | -0.8% |
| Remuneration and social security | 454/9 | €2,559 | €6,641 | +€4,082 | +159.5% |
| Other amounts payable | 47/48 | €500,000 | - | -€500,000 | |
| Accrued charges and deferred income | 492/3 | €9,049 | €27,449 | +€18,400 | +203.3% |
| Gross operating margin | 9900 | -€130 | €89,373 | +€89,503 | |
| Operating profit (loss) | 9901 | -€130 | €89,373 | +€89,503 | |
| Financial income | 75/76B | €159,610 | €600,000 | +€440,390 | +275.9% |
| Recurring financial income | 75 | €159,610 | €600,000 | +€440,390 | +275.9% |
| Financial charges | 65/66B | €44,906 | €95,995 | +€51,089 | +113.8% |
| Recurring financial charges | 65 | €44,906 | €95,995 | +€51,089 | +113.8% |
| Profit (loss) for the period before taxes | 9903 | €114,574 | €593,378 | +€478,804 | +417.9% |
| Profit (loss) for the period | 9904 | €114,574 | €593,378 | +€478,804 | +417.9% |
| Profit (loss) for the period to be appropriated | 9905 | €114,574 | €593,378 | +€478,804 | +417.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.