Jakob 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.
Jakob Vyncke
Largest movements
- Deferred charges and accrued income -€20,016
down €20,016 (-97.2%), from €20,600 to €585
- Cash -€15,104
down €15,104 (-20.5%), from €73,744 to €58,640
mainly Contributions, distributions and other (-€95,400) and Investment in fixed assets (net) (-€29,498)
- Tangible fixed assets +€14,826
up €14,826 (+30.1%), from €49,199 to €64,025
of which Land and buildings: +€17,344
- Receivables within one year -€7,191
down €7,191 (-45.2%), from €15,920 to €8,729
of which Trade receivables: -€7,853
- Reserves -€86,741
down €86,741 (-90.9%), from €95,400 to €8,660
- Other debts +€76,012
up €76,012 (+988.9%), from €7,686 to €83,698
- Trade debts -€25,442
down €25,442 (-98.2%), from €25,900 to €458
- Tax, wage and social debts +€16,211
up €16,211 (+497.0%), from €3,262 to €19,473
of which Taxes: +€14,580
- Debts after one year -€7,158
down €7,158 (-41.8%), from €17,105 to €9,946
- Gross operating margin -€19,904
down €19,904 (-42.2%), from €47,159 to €27,255
- Taxes -€6,498
down €6,498 (-72.2%), from €9,005 to €2,507
- Depreciation +€1,565
up €1,565 (+11.9%), from €13,107 to €14,672
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 | €159,463 | €131,978 | -€27,484 | -17.2% |
| Fixed assets | 21/28 | €49,199 | €64,025 | +€14,826 | +30.1% |
| Tangible fixed assets | 22/27 | €49,199 | €64,025 | +€14,826 | +30.1% |
| Land and buildings | 22 | €15,945 | €33,289 | +€17,344 | +108.8% |
| Furniture and vehicles | 24 | €33,254 | €30,735 | -€2,518 | -7.6% |
| Current assets | 29/58 | €110,264 | €67,954 | -€42,310 | -38.4% |
| Amounts receivable within one year | 40/41 | €15,920 | €8,729 | -€7,191 | -45.2% |
| Trade receivables | 40 | €15,785 | €7,932 | -€7,853 | -49.7% |
| Other amounts receivable | 41 | €135 | €797 | +€662 | +491.5% |
| Cash at bank and in hand | 54/58 | €73,744 | €58,640 | -€15,104 | -20.5% |
| Deferred charges and accrued income | 490/1 | €20,600 | €585 | -€20,016 | -97.2% |
| Total equity and liabilities | 10/49 | €159,463 | €131,978 | -€27,484 | -17.2% |
| Equity | 10/15 | €97,400 | €10,660 | -€86,741 | -89.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €95,400 | €8,660 | -€86,741 | -90.9% |
| Distributable reserves | 133 | €95,400 | €8,660 | -€86,741 | -90.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €62,062 | €121,319 | +€59,256 | +95.5% |
| Amounts payable after more than one year | 17 | €17,105 | €9,946 | -€7,158 | -41.8% |
| Financial debts | 170/4 | €17,105 | €9,946 | -€7,158 | -41.8% |
| Amounts payable within one year | 42/48 | €44,958 | €111,372 | +€66,414 | +147.7% |
| Current portion of amounts payable after more than one year | 42 | €6,909 | €7,158 | +€249 | +3.6% |
| Financial debts | 43 | €1,201 | €585 | -€616 | -51.3% |
| Credit institutions | 430/8 | €1,201 | €585 | -€616 | -51.3% |
| Trade debts | 44 | €25,900 | €458 | -€25,442 | -98.2% |
| Suppliers | 440/4 | €25,900 | €458 | -€25,442 | -98.2% |
| Taxes, remuneration and social security | 45 | €3,262 | €19,473 | +€16,211 | +497.0% |
| Taxes | 450/3 | €3,262 | €17,842 | +€14,580 | +447.0% |
| Remuneration and social security | 454/9 | - | €1,631 | +€1,631 | |
| Other amounts payable | 47/48 | €7,686 | €83,698 | +€76,012 | +988.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,107 | €14,672 | +€1,565 | +11.9% |
| Other operating charges | 640/8 | €679 | €566 | -€113 | -16.7% |
| Non-recurring operating charges | 66A | €422 | €0 | -€422 | -100.0% |
| Gross operating margin | 9900 | €47,159 | €27,255 | -€19,904 | -42.2% |
| Operating profit (loss) | 9901 | €32,951 | €12,017 | -€20,933 | -63.5% |
| Financial income | 75/76B | €14 | €10 | -€4 | -30.8% |
| Recurring financial income | 75 | €14 | €10 | -€4 | -30.8% |
| Financial charges | 65/66B | €1,055 | €861 | -€194 | -18.4% |
| Recurring financial charges | 65 | €1,055 | €861 | -€194 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €31,910 | €11,167 | -€20,744 | -65.0% |
| Income taxes | 67/77 | €9,005 | €2,507 | -€6,498 | -72.2% |
| Profit (loss) for the period | 9904 | €22,905 | €8,660 | -€14,245 | -62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,905 | €8,660 | -€14,245 | -62.2% |
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.