IMMO VINCK: 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.
IMMO VINCK
Largest movements
- Cash +€30,189
up €30,189 (+83.9%), from €35,962 to €66,151
mainly Net result for the year (+€49,888) and Deferred charges and accrued income (+€5,901)
- Receivables within one year +€13,276
up €13,276 (+53.0%), from €25,062 to €38,337
of which Trade receivables: +€22,619
- Deferred charges and accrued income -€5,901
down €5,901 (-94.7%), from €6,228 to €327
- Intangible fixed assets +€4,317
new in 2025: €4,317
- Tangible fixed assets -€2,872
down €2,872 (-20.4%), from €14,088 to €11,216
- Reserves +€49,800
up €49,800 (+108%), from €46,083 to €95,883
- Other debts -€10,895
down €10,895 (-100%), from €10,895 to €0
- Gross operating margin +€17,793
up €17,793 (+25.3%), from €70,349 to €88,141
- Other operating charges -€4,885
down €4,885 (-31.7%), from €15,419 to €10,534
- Staff costs +€3,280
up €3,280 (+103%), from €3,192 to €6,472
- Taxes +€1,807
up €1,807 (+13.6%), from €13,328 to €15,135
- Depreciation +€1,402
up €1,402 (+32.6%), from €4,301 to €5,704
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 | €81,339 | €120,349 | +€39,010 | +48.0% |
| Fixed assets | 21/28 | €14,088 | €15,533 | +€1,445 | +10.3% |
| Intangible fixed assets | 21 | - | €4,317 | +€4,317 | |
| Tangible fixed assets | 22/27 | €14,088 | €11,216 | -€2,872 | -20.4% |
| Furniture and vehicles | 24 | €14,088 | €11,216 | -€2,872 | -20.4% |
| Current assets | 29/58 | €67,251 | €104,816 | +€37,565 | +55.9% |
| Amounts receivable within one year | 40/41 | €25,062 | €38,337 | +€13,276 | +53.0% |
| Trade receivables | 40 | €14,004 | €36,623 | +€22,619 | +162% |
| Other amounts receivable | 41 | €11,058 | €1,715 | -€9,343 | -84.5% |
| Cash at bank and in hand | 54/58 | €35,962 | €66,151 | +€30,189 | +83.9% |
| Deferred charges and accrued income | 490/1 | €6,228 | €327 | -€5,901 | -94.7% |
| Total equity and liabilities | 10/49 | €81,339 | €120,349 | +€39,010 | +48.0% |
| Equity | 10/15 | €58,455 | €108,343 | +€49,888 | +85.3% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €46,083 | €95,883 | +€49,800 | +108% |
| Distributable reserves | 133 | €46,083 | €95,883 | +€49,800 | +108% |
| Profit (loss) carried forward | 14 | €373 | €461 | +€88 | +23.5% |
| Amounts payable | 17/49 | €22,884 | €12,006 | -€10,878 | -47.5% |
| Amounts payable within one year | 42/48 | €22,884 | €12,006 | -€10,878 | -47.5% |
| Trade debts | 44 | €6,142 | €6,641 | +€499 | +8.1% |
| Suppliers | 440/4 | €6,142 | €6,641 | +€499 | +8.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,847 | €5,365 | -€482 | -8.2% |
| Taxes | 450/3 | €3,347 | €4,510 | +€1,163 | +34.7% |
| Remuneration and social security | 454/9 | €2,500 | €855 | -€1,645 | -65.8% |
| Other amounts payable | 47/48 | €10,895 | €0 | -€10,895 | -100% |
| Remuneration, social security and pensions | 62 | €3,192 | €6,472 | +€3,280 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,301 | €5,704 | +€1,402 | +32.6% |
| Other operating charges | 640/8 | €15,419 | €10,534 | -€4,885 | -31.7% |
| Gross operating margin | 9900 | €70,349 | €88,141 | +€17,793 | +25.3% |
| Operating profit (loss) | 9901 | €47,437 | €65,432 | +€17,995 | +37.9% |
| Financial income | 75/76B | €42 | €180 | +€138 | +326% |
| Recurring financial income | 75 | €42 | €180 | +€138 | +326% |
| Financial charges | 65/66B | €278 | €589 | +€311 | +112% |
| Recurring financial charges | 65 | €278 | €589 | +€311 | +112% |
| Profit (loss) for the period before taxes | 9903 | €47,201 | €65,023 | +€17,822 | +37.8% |
| Income taxes | 67/77 | €13,328 | €15,135 | +€1,807 | +13.6% |
| Profit (loss) for the period | 9904 | €33,873 | €49,888 | +€16,015 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,873 | €49,888 | +€16,015 | +47.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.