JIN VINCKE: 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.
JIN VINCKE
Largest movements
- Stocks and contracts -€550,000
no longer reported in 2025 (was €550,000)
- Cash +€150,862
up €150,862 (+593%), from €25,461 to €176,323
mainly Stocks and contracts (+€550,000) and Net result for the year (+€104,199)
- Tangible fixed assets -€15,533
down €15,533 (-37.8%), from €41,090 to €25,556
of which Furniture and vehicles: -€14,723
- Receivables within one year +€11,881
up €11,881 (+131%), from €9,056 to €20,938
of which Other amounts receivable: +€10,064
- Debts after one year -€456,321
no longer reported in 2025 (was €456,321)
- Reserves +€104,199
up €104,199 (+107%), from €96,979 to €201,177
- Current portion of long-term debt -€33,248
no longer reported in 2025 (was €33,248)
- Tax, wage and social debts -€12,137
down €12,137 (-72.8%), from €16,663 to €4,526
- Financial income +€192,352
up €192,352 (+101,237,826%), from €0 to €192,352
- Gross operating margin -€80,361
down €80,361, from €56,495 to -€23,866
- Taxes +€33,394
up €33,394 (+2,165%), from €1,543 to €34,936
- Other operating charges -€20,870
down €20,870 (-84.4%), from €24,728 to €3,858
- Financial charges -€2,659
down €2,659 (-21.1%), from €12,619 to €9,960
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 | €625,607 | €222,817 | -€402,790 | -64.4% |
| Fixed assets | 21/28 | €41,090 | €25,556 | -€15,533 | -37.8% |
| Tangible fixed assets | 22/27 | €41,090 | €25,556 | -€15,533 | -37.8% |
| Furniture and vehicles | 24 | €36,046 | €21,323 | -€14,723 | -40.8% |
| Other tangible fixed assets | 26 | €5,043 | €4,233 | -€811 | -16.1% |
| Current assets | 29/58 | €584,518 | €197,261 | -€387,257 | -66.3% |
| Stocks and contracts in progress | 3 | €550,000 | - | -€550,000 | |
| Stocks | 30/36 | €550,000 | - | -€550,000 | |
| Amounts receivable within one year | 40/41 | €9,056 | €20,938 | +€11,881 | +131% |
| Trade receivables | 40 | €599 | €2,416 | +€1,818 | +303% |
| Other amounts receivable | 41 | €8,457 | €18,521 | +€10,064 | +119% |
| Cash at bank and in hand | 54/58 | €25,461 | €176,323 | +€150,862 | +593% |
| Total equity and liabilities | 10/49 | €625,607 | €222,817 | -€402,790 | -64.4% |
| Equity | 10/15 | €98,979 | €203,177 | +€104,199 | +105% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €96,979 | €201,177 | +€104,199 | +107% |
| Distributable reserves | 133 | €96,979 | €201,177 | +€104,199 | +107% |
| Amounts payable | 17/49 | €526,628 | €19,640 | -€506,989 | -96.3% |
| Amounts payable after more than one year | 17 | €456,321 | - | -€456,321 | |
| Financial debts | 170/4 | €456,321 | - | -€456,321 | |
| Amounts payable within one year | 42/48 | €70,308 | €18,497 | -€51,811 | -73.7% |
| Current portion of amounts payable after more than one year | 42 | €33,248 | - | -€33,248 | |
| Trade debts | 44 | €1,170 | €55 | -€1,115 | -95.3% |
| Suppliers | 440/4 | €1,170 | €55 | -€1,115 | -95.3% |
| Taxes, remuneration and social security | 45 | €16,663 | €4,526 | -€12,137 | -72.8% |
| Taxes | 450/3 | €16,663 | €4,526 | -€12,137 | -72.8% |
| Other amounts payable | 47/48 | €19,227 | €13,916 | -€5,311 | -27.6% |
| Accrued charges and deferred income | 492/3 | - | €1,143 | +€1,143 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,121 | €15,533 | +€2,412 | +18.4% |
| Other operating charges | 640/8 | €24,728 | €3,858 | -€20,870 | -84.4% |
| Non-recurring operating charges | 66A | €737 | - | -€737 | |
| Gross operating margin | 9900 | €56,495 | -€23,866 | -€80,361 | |
| Operating profit (loss) | 9901 | €17,909 | -€43,257 | -€61,166 | |
| Financial income | 75/76B | €0 | €192,352 | +€192,352 | +101,237,826% |
| Recurring financial income | 75 | €0 | €192,352 | +€192,352 | +101,237,826% |
| Financial charges | 65/66B | €12,619 | €9,960 | -€2,659 | -21.1% |
| Recurring financial charges | 65 | €12,619 | €9,960 | -€2,659 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €5,290 | €139,135 | +€133,844 | +2,530% |
| Income taxes | 67/77 | €1,543 | €34,936 | +€33,394 | +2,165% |
| Profit (loss) for the period | 9904 | €3,748 | €104,199 | +€100,451 | +2,680% |
| Profit (loss) for the period to be appropriated | 9905 | €3,748 | €104,199 | +€100,451 | +2,680% |
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 15 October 2026 via checked.be.