VINC Algemene Bouwonderneming: 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.
VINC Algemene Bouwonderneming
Largest movements
- Receivables within one year -€34,728
down €34,728 (-83.1%), from €41,816 to €7,087
of which Trade receivables: -€34,375
- Stocks and contracts +€26,245
up €26,245 (+1,635%), from €1,605 to €27,850
of which Contracts in progress: +€25,000
- Cash -€19,004
down €19,004 (-88.8%), from €21,404 to €2,399
mainly Stocks and contracts (-€26,245) and Investment in fixed assets (net) (-€16,326)
- Tangible fixed assets +€4,117
up €4,117 (+12.3%), from €33,597 to €37,713
of which Furniture and vehicles: +€7,237
- Advances received -€16,000
no longer reported in 2025 (was €16,000)
- Trade debts +€13,225
up €13,225 (+102%), from €12,914 to €26,139
- Other debts -€8,708
down €8,708 (-18.1%), from €48,184 to €39,476
- Current portion of long-term debt -€6,200
down €6,200 (-57.9%), from €10,717 to €4,517
- Debts after one year -€4,517
down €4,517 (-64.3%), from €7,030 to €2,513
- Staff costs +€13,221
up €13,221 (+39.3%), from €33,645 to €46,865
- Taxes -€5,038
down €5,038 (-70.8%), from €7,113 to €2,075
- Gross operating margin +€3,020
up €3,020 (+5.1%), from €58,858 to €61,879
- Depreciation +€1,842
up €1,842 (+17.8%), from €10,368 to €12,210
- Other operating charges -€915
down €915 (-48.8%), from €1,877 to €961
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 | €99,076 | €75,194 | -€23,882 | -24.1% |
| Fixed assets | 21/28 | €33,597 | €37,713 | +€4,117 | +12.3% |
| Tangible fixed assets | 22/27 | €33,597 | €37,713 | +€4,117 | +12.3% |
| Plant, machinery and equipment | 23 | €18,691 | €20,005 | +€1,314 | +7.0% |
| Furniture and vehicles | 24 | €3,583 | €10,820 | +€7,237 | +202% |
| Leasing and similar rights | 25 | €11,322 | €6,888 | -€4,434 | -39.2% |
| Current assets | 29/58 | €65,480 | €37,481 | -€27,999 | -42.8% |
| Stocks and contracts in progress | 3 | €1,605 | €27,850 | +€26,245 | +1,635% |
| Stocks | 30/36 | €1,605 | €2,850 | +€1,245 | +77.6% |
| Contracts in progress | 37 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €41,816 | €7,087 | -€34,728 | -83.1% |
| Trade receivables | 40 | €39,675 | €5,300 | -€34,375 | -86.6% |
| Other amounts receivable | 41 | €2,141 | €1,787 | -€354 | -16.5% |
| Cash at bank and in hand | 54/58 | €21,404 | €2,399 | -€19,004 | -88.8% |
| Deferred charges and accrued income | 490/1 | €656 | €144 | -€512 | -78.0% |
| Total equity and liabilities | 10/49 | €99,076 | €75,194 | -€23,882 | -24.1% |
| Equity | 10/15 | -€5,152 | -€7,095 | -€1,944 | -37.7% |
| Contributions | 10/11 | €32,000 | €32,000 | = | 0.0% |
| Reserves | 13 | €800 | €800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €800 | - | -€800 | |
| Reserves not available under the articles | 1311 | €800 | - | -€800 | |
| Distributable reserves | 133 | - | €800 | +€800 | |
| Profit (loss) carried forward | 14 | -€37,952 | -€39,895 | -€1,944 | -5.1% |
| Amounts payable | 17/49 | €104,228 | €82,290 | -€21,938 | -21.0% |
| Amounts payable after more than one year | 17 | €7,030 | €2,513 | -€4,517 | -64.3% |
| Financial debts | 170/4 | €7,030 | €2,513 | -€4,517 | -64.3% |
| Amounts payable within one year | 42/48 | €97,198 | €79,776 | -€17,421 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €10,717 | €4,517 | -€6,200 | -57.9% |
| Trade debts | 44 | €12,914 | €26,139 | +€13,225 | +102% |
| Suppliers | 440/4 | €12,914 | €26,139 | +€13,225 | +102% |
| Advances received on contracts in progress | 46 | €16,000 | - | -€16,000 | |
| Taxes, remuneration and social security | 45 | €9,382 | €9,644 | +€262 | +2.8% |
| Taxes | 450/3 | €7,113 | €6,289 | -€825 | -11.6% |
| Remuneration and social security | 454/9 | €2,269 | €3,356 | +€1,087 | +47.9% |
| Other amounts payable | 47/48 | €48,184 | €39,476 | -€8,708 | -18.1% |
| Non-recurring operating income | 76A | - | €11,107 | +€11,107 | |
| Remuneration, social security and pensions | 62 | €33,645 | €46,865 | +€13,221 | +39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,368 | €12,210 | +€1,842 | +17.8% |
| Other operating charges | 640/8 | €1,877 | €961 | -€915 | -48.8% |
| Gross operating margin | 9900 | €58,858 | €61,879 | +€3,020 | +5.1% |
| Operating profit (loss) | 9901 | €12,969 | €1,842 | -€11,127 | -85.8% |
| Financial income | 75/76B | €88 | €465 | +€377 | +427% |
| Recurring financial income | 75 | €88 | €465 | +€377 | +427% |
| Financial charges | 65/66B | €2,263 | €2,176 | -€87 | -3.9% |
| Recurring financial charges | 65 | €1,023 | €2,176 | +€1,152 | +113% |
| Non-recurring financial charges | 66B | €1,239 | - | -€1,239 | |
| Profit (loss) for the period before taxes | 9903 | €10,795 | €132 | -€10,663 | -98.8% |
| Income taxes | 67/77 | €7,113 | €2,075 | -€5,038 | -70.8% |
| Profit (loss) for the period | 9904 | €3,681 | -€1,944 | -€5,625 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,681 | -€1,944 | -€5,625 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.