VANVINCKENROYE: 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.
VANVINCKENROYE
Largest movements
- Tangible fixed assets -€15,137
down €15,137 (-24.5%), from €61,751 to €46,613
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€4,505
up €4,505 (+38.4%), from €11,742 to €16,247
- Gross operating margin -€2,300
down €2,300 (-7.2%), from €31,954 to €29,655
- Other operating charges -€1,285
down €1,285 (-33.6%), from €3,827 to €2,542
- Financial charges -€392
down €392 (-23.6%), from €1,659 to €1,266
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 | €1,340,619 | €1,334,736 | -€5,883 | -0.4% |
| Fixed assets | 21/28 | €1,337,051 | €1,321,913 | -€15,137 | -1.1% |
| Tangible fixed assets | 22/27 | €61,751 | €46,613 | -€15,137 | -24.5% |
| Furniture and vehicles | 24 | €61,751 | €46,613 | -€15,137 | -24.5% |
| Financial fixed assets | 28 | €1,275,300 | €1,275,300 | = | 0.0% |
| Current assets | 29/58 | €3,569 | €12,822 | +€9,254 | +259% |
| Cash at bank and in hand | 54/58 | €3,569 | €12,822 | +€9,254 | +259% |
| Total equity and liabilities | 10/49 | €1,340,619 | €1,334,736 | -€5,883 | -0.4% |
| Equity | 10/15 | €642,392 | €649,123 | +€6,730 | +1.0% |
| Contributions | 10/11 | €423,914 | €423,914 | = | 0.0% |
| Capital | 10 | €423,914 | €423,914 | = | 0.0% |
| Issued capital | 100 | €423,914 | €423,914 | = | 0.0% |
| Reserves | 13 | €218,478 | €225,208 | +€6,730 | +3.1% |
| Non-distributable reserves | 130/1 | €20,500 | €21,500 | +€1,000 | +4.9% |
| Legal reserve | 130 | €20,500 | €21,500 | +€1,000 | +4.9% |
| Distributable reserves | 133 | €197,978 | €203,708 | +€5,730 | +2.9% |
| Amounts payable | 17/49 | €698,227 | €685,613 | -€12,614 | -1.8% |
| Amounts payable after more than one year | 17 | €186,367 | €179,547 | -€6,819 | -3.7% |
| Financial debts | 170/4 | €186,367 | €179,547 | -€6,819 | -3.7% |
| Amounts payable within one year | 42/48 | €511,860 | €506,066 | -€5,794 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €6,500 | €6,819 | +€319 | +4.9% |
| Trade debts | 44 | €455 | €275 | -€180 | -39.6% |
| Suppliers | 440/4 | €455 | €275 | -€180 | -39.6% |
| Taxes, remuneration and social security | 45 | €12,257 | €8,420 | -€3,838 | -31.3% |
| Taxes | 450/3 | €12,257 | €8,420 | -€3,838 | -31.3% |
| Other amounts payable | 47/48 | €492,648 | €490,552 | -€2,096 | -0.4% |
| Non-recurring operating income | 76A | €5,371 | - | -€5,371 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,742 | €16,247 | +€4,505 | +38.4% |
| Other operating charges | 640/8 | €3,827 | €2,542 | -€1,285 | -33.6% |
| Gross operating margin | 9900 | €31,954 | €29,655 | -€2,300 | -7.2% |
| Operating profit (loss) | 9901 | €16,385 | €10,866 | -€5,519 | -33.7% |
| Financial charges | 65/66B | €1,659 | €1,266 | -€392 | -23.6% |
| Recurring financial charges | 65 | €1,659 | €1,266 | -€392 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €14,727 | €9,599 | -€5,127 | -34.8% |
| Income taxes | 67/77 | €2,907 | €2,869 | -€38 | -1.3% |
| Profit (loss) for the period | 9904 | €11,820 | €6,730 | -€5,089 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,820 | €6,730 | -€5,089 | -43.1% |
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 18 October 2026 via checked.be.