JAN VIJNCKE: 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.
JAN VIJNCKE
Largest movements
- Cash +€13,702
up €13,702 (+389%), from €3,523 to €17,225
mainly Trade debts (+€23,195) and Stocks and contracts (+€11,650)
- Stocks and contracts -€11,650
down €11,650 (-10.9%), from €107,361 to €95,711
- Trade debts +€23,195
up €23,195 (+166%), from €13,954 to €37,149
- Profit (loss) carried forward -€12,565
new in 2025: -€12,565
- Tax, wage and social debts -€6,998
down €6,998 (-46.3%), from €15,103 to €8,105
of which Taxes: -€5,789
- Turnover -€24,691
down €24,691 (-4.3%), from €574,895 to €550,204
- Purchases and services -€19,720
down €19,720 (-4.0%), from €490,464 to €470,744
- Taxes +€16,497
up €16,497 (+402%), from €4,100 to €20,597
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 | €385,881 | €386,434 | +€553 | +0.1% |
| Fixed assets | 21/28 | €1,841 | €473 | -€1,368 | -74.3% |
| Tangible fixed assets | 22/27 | €1,741 | €373 | -€1,368 | -78.6% |
| Plant, machinery and equipment | 23 | €830 | €373 | -€457 | -55.1% |
| Furniture and vehicles | 24 | €911 | - | -€911 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €384,040 | €385,961 | +€1,921 | +0.5% |
| Stocks and contracts in progress | 3 | €107,361 | €95,711 | -€11,650 | -10.9% |
| Stocks | 30/36 | €107,361 | €95,711 | -€11,650 | -10.9% |
| Amounts receivable within one year | 40/41 | €273,156 | €272,641 | -€515 | -0.2% |
| Trade receivables | 40 | €25,791 | €44,426 | +€18,635 | +72.3% |
| Other amounts receivable | 41 | €247,365 | €228,215 | -€19,150 | -7.7% |
| Cash at bank and in hand | 54/58 | €3,523 | €17,225 | +€13,702 | +389% |
| Deferred charges and accrued income | 490/1 | - | €384 | +€384 | |
| Total equity and liabilities | 10/49 | €385,881 | €386,434 | +€553 | +0.1% |
| Equity | 10/15 | €353,745 | €341,180 | -€12,565 | -3.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €341,345 | €341,345 | = | 0.0% |
| Distributable reserves | 133 | €341,345 | €341,345 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€12,565 | -€12,565 | |
| Amounts payable | 17/49 | €32,136 | €45,254 | +€13,118 | +40.8% |
| Amounts payable within one year | 42/48 | €32,136 | €45,254 | +€13,118 | +40.8% |
| Current portion of amounts payable after more than one year | 42 | €3,079 | - | -€3,079 | |
| Trade debts | 44 | €13,954 | €37,149 | +€23,195 | +166% |
| Suppliers | 440/4 | €13,954 | €37,149 | +€23,195 | +166% |
| Taxes, remuneration and social security | 45 | €15,103 | €8,105 | -€6,998 | -46.3% |
| Taxes | 450/3 | €9,450 | €3,661 | -€5,789 | -61.3% |
| Remuneration and social security | 454/9 | €5,653 | €4,444 | -€1,209 | -21.4% |
| Turnover | 70 | €574,895 | €550,204 | -€24,691 | -4.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €490,464 | €470,744 | -€19,720 | -4.0% |
| Remuneration, social security and pensions | 62 | €61,169 | €65,358 | +€4,189 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,666 | €1,368 | -€298 | -17.9% |
| Other operating charges | 640/8 | €4,060 | €4,094 | +€34 | +0.8% |
| Gross operating margin | 9900 | €84,432 | €79,461 | -€4,971 | -5.9% |
| Operating profit (loss) | 9901 | €17,537 | €8,641 | -€8,896 | -50.7% |
| Financial charges | 65/66B | €719 | €609 | -€110 | -15.3% |
| Recurring financial charges | 65 | €719 | €609 | -€110 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €16,818 | €8,032 | -€8,786 | -52.2% |
| Income taxes | 67/77 | €4,100 | €20,597 | +€16,497 | +402% |
| Profit (loss) for the period | 9904 | €12,718 | -€12,565 | -€25,283 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,718 | -€12,565 | -€25,283 |
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 20 October 2026 via checked.be.