Guillaume Vyncke: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
Guillaume Vyncke
Largest movements
- Receivables within one year +€22,148
up €22,148 (+234%), from €9,459 to €31,607
of which Trade receivables: +€22,133
- Tangible fixed assets -€16,064
down €16,064 (-25.9%), from €61,922 to €45,858
- Cash -€11,869
down €11,869 (-74.2%), from €15,999 to €4,130
mainly Contributions, distributions and other (-€30,265) and Receivables within one year (-€22,148)
- Other debts +€23,351
up €23,351 (+10,659%), from €219 to €23,570
- Reserves -€16,375
down €16,375 (-99.5%), from €16,465 to €90
- Debts after one year -€14,325
down €14,325 (-33.0%), from €43,348 to €29,023
- Tax, wage and social debts +€1,065
up €1,065 (+9.7%), from €10,959 to €12,024
- Other operating charges +€4,946
up €4,946 (+756%), from €654 to €5,600
- Gross operating margin +€1,088
up €1,088 (+2.5%), from €42,787 to €43,875
- Taxes -€579
down €579 (-8.5%), from €6,817 to €6,238
- Financial charges -€491
down €491 (-19.1%), from €2,574 to €2,083
Change in the result, 2024 to 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.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,379 | €81,704 | -€5,674 | -6.5% |
| Fixed assets | 21/28 | €61,922 | €45,858 | -€16,064 | -25.9% |
| Tangible fixed assets | 22/27 | €61,922 | €45,858 | -€16,064 | -25.9% |
| Furniture and vehicles | 24 | €61,922 | €45,858 | -€16,064 | -25.9% |
| Current assets | 29/58 | €25,457 | €35,847 | +€10,389 | +40.8% |
| Amounts receivable within one year | 40/41 | €9,459 | €31,607 | +€22,148 | +234% |
| Trade receivables | 40 | €8,963 | €31,096 | +€22,133 | +247% |
| Other amounts receivable | 41 | €496 | €511 | +€15 | +3.0% |
| Cash at bank and in hand | 54/58 | €15,999 | €4,130 | -€11,869 | -74.2% |
| Deferred charges and accrued income | 490/1 | - | €110 | +€110 | |
| Total equity and liabilities | 10/49 | €87,379 | €81,704 | -€5,674 | -6.5% |
| Equity | 10/15 | €17,465 | €1,090 | -€16,375 | -93.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €16,465 | €90 | -€16,375 | -99.5% |
| Distributable reserves | 133 | €16,465 | €90 | -€16,375 | -99.5% |
| Amounts payable | 17/49 | €69,914 | €80,614 | +€10,700 | +15.3% |
| Amounts payable after more than one year | 17 | €43,348 | €29,023 | -€14,325 | -33.0% |
| Financial debts | 170/4 | €43,348 | €29,023 | -€14,325 | -33.0% |
| Amounts payable within one year | 42/48 | €26,566 | €51,591 | +€25,025 | +94.2% |
| Current portion of amounts payable after more than one year | 42 | €13,791 | €14,325 | +€534 | +3.9% |
| Trade debts | 44 | €1,597 | €1,672 | +€75 | +4.7% |
| Suppliers | 440/4 | €1,597 | €1,672 | +€75 | +4.7% |
| Taxes, remuneration and social security | 45 | €10,959 | €12,024 | +€1,065 | +9.7% |
| Taxes | 450/3 | €10,959 | €12,024 | +€1,065 | +9.7% |
| Other amounts payable | 47/48 | €219 | €23,570 | +€23,351 | +10,659% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,280 | €16,064 | -€217 | -1.3% |
| Other operating charges | 640/8 | €654 | €5,600 | +€4,946 | +756% |
| Gross operating margin | 9900 | €42,787 | €43,875 | +€1,088 | +2.5% |
| Operating profit (loss) | 9901 | €25,853 | €22,212 | -€3,642 | -14.1% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €2,574 | €2,083 | -€491 | -19.1% |
| Recurring financial charges | 65 | €2,574 | €2,083 | -€491 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €23,282 | €20,128 | -€3,154 | -13.5% |
| Income taxes | 67/77 | €6,817 | €6,238 | -€579 | -8.5% |
| Profit (loss) for the period | 9904 | €16,465 | €13,890 | -€2,575 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,465 | €13,890 | -€2,575 | -15.6% |
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.