NICO VYNCKE & ZOON: what changed
What changed
NICO VYNCKE & ZOON
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€33,703
2024 · €26,556+€7,146
Equity
€160,351
2024 · €126,649+€33,703
Cash
€41,368
2024 · €5,529+€35,839
Balance sheet total
€374,179
2024 · €373,614+€565
Largest movements
Assets
- Cash +€35,839
up €35,839 (+648%), from €5,529 to €41,368
mainly Net result for the year (+€33,703) and Depreciation (+€32,288)
- Tangible fixed assets -€32,288
down €32,288 (-11.3%), from €285,656 to €253,368
Equity and liabilities
- Profit (loss) carried forward +€33,703
up €33,703 (+31.7%), from €106,189 to €139,891
- Debts after one year -€26,983
down €26,983 (-17.9%), from €150,786 to €123,804
- Current portion of long-term debt -€11,432
down €11,432 (-29.8%), from €38,414 to €26,983
- Trade debts +€9,695
up €9,695 (+37.4%), from €25,950 to €35,644
- Other debts -€6,291
down €6,291 (-25.5%), from €24,686 to €18,395
Income statement
- Gross operating margin +€18,205
up €18,205 (+28.8%), from €63,197 to €81,401
- Depreciation +€7,061
up €7,061 (+28.0%), from €25,226 to €32,288
- Taxes +€2,745
up €2,745 (+44.8%), from €6,129 to €8,873
- Financial charges +€1,445
up €1,445 (+26.4%), from €5,477 to €6,922
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€26,556
Gross operating margin
+€18,205
Depreciation
-€7,061
Other operating charges
+€342
Financial income
-€149
Financial charges
-€1,445
Taxes
-€2,745
Result 2025
€33,703
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€74,253
Investment
€0
Financing
-€38,414
Cash 2024
€5,529
From operations (derived)
+€74,253
Net result for the year
+€33,703
Depreciation
+€32,288
Stocks and contracts
+€1,706
Receivables within one year
+€1,279
Trade debts
+€9,695
Tax, wage and social debts
+€1,873
Other debts
-€6,291
Financing
-€38,414
Debts after one year
-€26,983
Current portion of long-term debt
-€11,432
Cash 2025
€41,368
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €373,614 | €374,179 | +€565 | +0.2% |
| Fixed assets | 21/28 | €285,656 | €253,368 | -€32,288 | -11.3% |
| Tangible fixed assets | 22/27 | €285,656 | €253,368 | -€32,288 | -11.3% |
| Land and buildings | 22 | €191,268 | €183,378 | -€7,890 | -4.1% |
| Plant, machinery and equipment | 23 | €3,660 | €2,534 | -€1,126 | -30.8% |
| Furniture and vehicles | 24 | €50,409 | €35,442 | -€14,967 | -29.7% |
| Leasing and similar rights | 25 | €40,319 | €32,015 | -€8,304 | -20.6% |
| Current assets | 29/58 | €87,958 | €120,811 | +€32,853 | +37.4% |
| Stocks and contracts in progress | 3 | €8,890 | €7,184 | -€1,706 | -19.2% |
| Stocks | 30/36 | €8,890 | €7,184 | -€1,706 | -19.2% |
| Amounts receivable within one year | 40/41 | €73,539 | €72,259 | -€1,279 | -1.7% |
| Trade receivables | 40 | €7,906 | €6,641 | -€1,264 | -16.0% |
| Other amounts receivable | 41 | €65,633 | €65,618 | -€15 | 0.0% |
| Cash at bank and in hand | 54/58 | €5,529 | €41,368 | +€35,839 | +648% |
| Total equity and liabilities | 10/49 | €373,614 | €374,179 | +€565 | +0.2% |
| Equity | 10/15 | €126,649 | €160,351 | +€33,703 | +26.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,189 | €139,891 | +€33,703 | +31.7% |
| Amounts payable | 17/49 | €246,965 | €213,828 | -€33,137 | -13.4% |
| Amounts payable after more than one year | 17 | €150,786 | €123,804 | -€26,983 | -17.9% |
| Financial debts | 170/4 | €150,786 | €123,804 | -€26,983 | -17.9% |
| Amounts payable within one year | 42/48 | €96,179 | €90,024 | -€6,154 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €38,414 | €26,983 | -€11,432 | -29.8% |
| Trade debts | 44 | €25,950 | €35,644 | +€9,695 | +37.4% |
| Suppliers | 440/4 | €25,950 | €35,644 | +€9,695 | +37.4% |
| Taxes, remuneration and social security | 45 | €7,129 | €9,002 | +€1,873 | +26.3% |
| Taxes | 450/3 | €7,129 | €9,002 | +€1,873 | +26.3% |
| Other amounts payable | 47/48 | €24,686 | €18,395 | -€6,291 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,226 | €32,288 | +€7,061 | +28.0% |
| Other operating charges | 640/8 | €2,523 | €2,181 | -€342 | -13.6% |
| Gross operating margin | 9900 | €63,197 | €81,401 | +€18,205 | +28.8% |
| Operating profit (loss) | 9901 | €35,447 | €46,932 | +€11,485 | +32.4% |
| Financial income | 75/76B | €2,715 | €2,566 | -€149 | -5.5% |
| Recurring financial income | 75 | €2,715 | €2,566 | -€149 | -5.5% |
| Financial charges | 65/66B | €5,477 | €6,922 | +€1,445 | +26.4% |
| Recurring financial charges | 65 | €5,477 | €6,922 | +€1,445 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €32,685 | €42,576 | +€9,891 | +30.3% |
| Income taxes | 67/77 | €6,129 | €8,873 | +€2,745 | +44.8% |
| Profit (loss) for the period | 9904 | €26,556 | €33,703 | +€7,146 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,556 | €33,703 | +€7,146 | +26.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.