IMMO VINCKIER B.: 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 VINCKIER B.
Largest movements
- Cash -€156,229
down €156,229 (-43.5%), from €358,741 to €202,512
mainly Contributions, distributions and other (-€1.0m) and Debts after one year (-€93,867)
- Tangible fixed assets -€62,691
down €62,691 (-2.6%), from €2.4m to €2.4m
of which Other tangible fixed assets: -€35,397
- Reserves -€1.0m
down €1.0m (-68.4%), from €1.5m to €462,951
of which Distributable reserves: -€1.0m
- Other debts +€814,241
up €814,241 (+125%), from €651,904 to €1.5m
- Debts after one year -€93,867
down €93,867 (-22.5%), from €417,552 to €323,685
- Profit (loss) carried forward +€64,286
up €64,286 (+16.0%), from €400,815 to €465,101
- Gross operating margin +€43,127
up €43,127 (+27.4%), from €157,434 to €200,561
- Taxes +€14,489
up €14,489 (+199%), from €7,286 to €21,775
- Financial charges +€8,265
up €8,265 (+142%), from €5,802 to €14,067
- Depreciation +€6,202
up €6,202 (+9.9%), from €62,770 to €68,972
- Financial income +€4,583
up €4,583 (+22.8%), from €20,117 to €24,700
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 | €3,525,746 | €3,320,385 | -€205,362 | -5.8% |
| Fixed assets | 21/28 | €2,415,119 | €2,352,428 | -€62,691 | -2.6% |
| Tangible fixed assets | 22/27 | €2,415,119 | €2,352,428 | -€62,691 | -2.6% |
| Land and buildings | 22 | €1,487,163 | €1,459,869 | -€27,294 | -1.8% |
| Other tangible fixed assets | 26 | €927,956 | €892,558 | -€35,397 | -3.8% |
| Current assets | 29/58 | €1,110,628 | €967,957 | -€142,670 | -12.8% |
| Amounts receivable within one year | 40/41 | €751,886 | €762,149 | +€10,262 | +1.4% |
| Trade receivables | 40 | €42,646 | €43,599 | +€952 | +2.2% |
| Other amounts receivable | 41 | €709,240 | €718,550 | +€9,310 | +1.3% |
| Cash at bank and in hand | 54/58 | €358,741 | €202,512 | -€156,229 | -43.5% |
| Deferred charges and accrued income | 490/1 | - | €3,296 | +€3,296 | |
| Total equity and liabilities | 10/49 | €3,525,746 | €3,320,385 | -€205,362 | -5.8% |
| Equity | 10/15 | €2,296,549 | €1,360,835 | -€935,714 | -40.7% |
| Contributions | 10/11 | €432,783 | €432,783 | = | 0.0% |
| Capital | 10 | €432,739 | €432,739 | = | 0.0% |
| Issued capital | 100 | €432,739 | €432,739 | = | 0.0% |
| Contributions outside capital | 11 | €44 | €44 | = | 0.0% |
| Share premium | 1100/10 | €44 | €44 | = | 0.0% |
| Reserves | 13 | €1,462,951 | €462,951 | -€1.0m | -68.4% |
| Non-distributable reserves | 130/1 | €43,274 | €43,274 | = | 0.0% |
| Legal reserve | 130 | €43,274 | €43,274 | = | 0.0% |
| Distributable reserves | 133 | €1,419,677 | €419,677 | -€1.0m | -70.4% |
| Profit (loss) carried forward | 14 | €400,815 | €465,101 | +€64,286 | +16.0% |
| Amounts payable | 17/49 | €1,229,197 | €1,959,550 | +€730,353 | +59.4% |
| Amounts payable after more than one year | 17 | €417,552 | €323,685 | -€93,867 | -22.5% |
| Financial debts | 170/4 | €417,552 | €323,685 | -€93,867 | -22.5% |
| Amounts payable within one year | 42/48 | €796,645 | €1,620,865 | +€824,219 | +103% |
| Current portion of amounts payable after more than one year | 42 | €95,208 | €96,817 | +€1,609 | +1.7% |
| Trade debts | 44 | €49,534 | €57,319 | +€7,786 | +15.7% |
| Suppliers | 440/4 | €49,534 | €57,319 | +€7,786 | +15.7% |
| Taxes, remuneration and social security | 45 | - | €583 | +€583 | |
| Taxes | 450/3 | - | €583 | +€583 | |
| Other amounts payable | 47/48 | €651,904 | €1,466,146 | +€814,241 | +125% |
| Accrued charges and deferred income | 492/3 | €15,000 | €15,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,770 | €68,972 | +€6,202 | +9.9% |
| Other operating charges | 640/8 | €52,743 | €56,161 | +€3,418 | +6.5% |
| Gross operating margin | 9900 | €157,434 | €200,561 | +€43,127 | +27.4% |
| Operating profit (loss) | 9901 | €41,921 | €75,428 | +€33,507 | +79.9% |
| Financial income | 75/76B | €20,117 | €24,700 | +€4,583 | +22.8% |
| Recurring financial income | 75 | €20,117 | €24,700 | +€4,583 | +22.8% |
| Financial charges | 65/66B | €5,802 | €14,067 | +€8,265 | +142% |
| Recurring financial charges | 65 | €5,802 | €14,067 | +€8,265 | +142% |
| Profit (loss) for the period before taxes | 9903 | €56,236 | €86,061 | +€29,825 | +53.0% |
| Income taxes | 67/77 | €7,286 | €21,775 | +€14,489 | +199% |
| Profit (loss) for the period | 9904 | €48,950 | €64,286 | +€15,336 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,950 | €64,286 | +€15,336 | +31.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.