Filip Vyncke: 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.
Filip Vyncke
Largest movements
- Receivables within one year +€4,705
up €4,705 (+16.5%), from €28,571 to €33,277
of which Trade receivables: +€9,625
- Cash -€1,108
down €1,108 (-51.7%), from €2,141 to €1,033
mainly Contributions, distributions and other (-€7,851) and Receivables within one year (-€4,705)
- Other debts +€1,772
up €1,772 (+249.9%), from €709 to €2,482
- Tax, wage and social debts +€1,263
up €1,263 (+40.3%), from €3,130 to €4,392
- Trade debts +€400
new in 2025: €400
- Gross operating margin +€2,661
up €2,661 (+27.2%), from €9,774 to €12,434
- Taxes +€848
up €848 (+27.1%), from €3,130 to €3,978
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 | €30,712 | €34,310 | +€3,598 | +11.7% |
| Current assets | 29/58 | €30,712 | €34,310 | +€3,598 | +11.7% |
| Amounts receivable within one year | 40/41 | €28,571 | €33,277 | +€4,705 | +16.5% |
| Trade receivables | 40 | €23,652 | €33,277 | +€9,625 | +40.7% |
| Other amounts receivable | 41 | €4,920 | €0 | -€4,920 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,141 | €1,033 | -€1,108 | -51.7% |
| Total equity and liabilities | 10/49 | €30,712 | €34,310 | +€3,598 | +11.7% |
| Equity | 10/15 | €26,873 | €26,970 | +€98 | +0.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €25,873 | €25,970 | +€98 | +0.4% |
| Distributable reserves | 133 | €25,873 | €25,970 | +€98 | +0.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,839 | €7,339 | +€3,500 | +91.2% |
| Amounts payable within one year | 42/48 | €3,839 | €7,274 | +€3,435 | +89.5% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | €3,130 | €4,392 | +€1,263 | +40.3% |
| Taxes | 450/3 | €3,130 | €4,392 | +€1,263 | +40.3% |
| Other amounts payable | 47/48 | €709 | €2,482 | +€1,772 | +249.9% |
| Accrued charges and deferred income | 492/3 | - | €66 | +€66 | |
| Other operating charges | 640/8 | €502 | €520 | +€17 | +3.5% |
| Gross operating margin | 9900 | €9,774 | €12,434 | +€2,661 | +27.2% |
| Operating profit (loss) | 9901 | €9,271 | €11,915 | +€2,643 | +28.5% |
| Financial income | 75/76B | €1 | €42 | +€41 | +3182.8% |
| Recurring financial income | 75 | €1 | €42 | +€41 | +3182.8% |
| Financial charges | 65/66B | €30 | €30 | = | 0.0% |
| Recurring financial charges | 65 | €30 | €30 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €9,243 | €11,927 | +€2,684 | +29.0% |
| Income taxes | 67/77 | €3,130 | €3,978 | +€848 | +27.1% |
| Profit (loss) for the period | 9904 | €6,113 | €7,949 | +€1,836 | +30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,113 | €7,949 | +€1,836 | +30.0% |
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 8 October 2026 via checked.be.