VINCENT VRONINKS: 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.
VINCENT VRONINKS
Largest movements
- Financial fixed assets -€335,033
down €335,033 (-48.7%), from €688,160 to €353,127
- Receivables within one year +€313,884
up €313,884 (+307%), from €102,163 to €416,047
of which Other amounts receivable: +€198,547
- Cash -€261,615
down €261,615 (-83.8%), from €312,207 to €50,591
mainly Receivables within one year (-€313,884) and Debts after one year (-€234,232)
- Debts after one year -€234,232
down €234,232 (-54.6%), from €429,133 to €194,902
- Reserves -€38,244
down €38,244 (-2.5%), from €1.5m to €1.5m
of which Distributable reserves: -€38,244
- Gross operating margin -€741,997
down €741,997 (-69.6%), from €1.1m to €323,451
- Taxes -€237,313
down €237,313 (-81.4%), from €291,616 to €54,303
- Depreciation +€12,752
up €12,752 (+14.7%), from €86,583 to €99,335
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 | €2,798,458 | €2,512,106 | -€286,352 | -10.2% |
| Fixed assets | 21/28 | €2,367,271 | €2,037,059 | -€330,212 | -13.9% |
| Tangible fixed assets | 22/27 | €1,679,111 | €1,683,932 | +€4,820 | +0.3% |
| Land and buildings | 22 | €1,399,407 | €1,339,247 | -€60,160 | -4.3% |
| Plant, machinery and equipment | 23 | €204,722 | €242,797 | +€38,075 | +18.6% |
| Furniture and vehicles | 24 | €44,382 | €71,288 | +€26,906 | +60.6% |
| Other tangible fixed assets | 26 | €30,600 | €30,600 | = | 0.0% |
| Financial fixed assets | 28 | €688,160 | €353,127 | -€335,033 | -48.7% |
| Current assets | 29/58 | €431,187 | €475,047 | +€43,860 | +10.2% |
| Amounts receivable within one year | 40/41 | €102,163 | €416,047 | +€313,884 | +307% |
| Trade receivables | 40 | €102,163 | €217,500 | +€115,337 | +113% |
| Other amounts receivable | 41 | - | €198,547 | +€198,547 | |
| Cash at bank and in hand | 54/58 | €312,207 | €50,591 | -€261,615 | -83.8% |
| Deferred charges and accrued income | 490/1 | €16,817 | €8,409 | -€8,409 | -50.0% |
| Total equity and liabilities | 10/49 | €2,798,458 | €2,512,106 | -€286,352 | -10.2% |
| Equity | 10/15 | €1,973,859 | €1,935,615 | -€38,244 | -1.9% |
| Contributions | 10/11 | €374,100 | €374,100 | = | 0.0% |
| Reserves | 13 | €1,514,706 | €1,476,461 | -€38,244 | -2.5% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €1,458,456 | €1,420,211 | -€38,244 | -2.6% |
| Profit (loss) carried forward | 14 | €85,054 | €85,054 | = | 0.0% |
| Amounts payable | 17/49 | €824,599 | €576,491 | -€248,108 | -30.1% |
| Amounts payable after more than one year | 17 | €429,133 | €194,902 | -€234,232 | -54.6% |
| Financial debts | 170/4 | €429,133 | €194,902 | -€234,232 | -54.6% |
| Amounts payable within one year | 42/48 | €395,466 | €381,590 | -€13,876 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €250,534 | €238,324 | -€12,209 | -4.9% |
| Trade debts | 44 | €1,527 | €12,156 | +€10,629 | +696% |
| Suppliers | 440/4 | €1,527 | €12,156 | +€10,629 | +696% |
| Taxes, remuneration and social security | 45 | €33,213 | €17,918 | -€15,296 | -46.1% |
| Taxes | 450/3 | €24,619 | €8,788 | -€15,830 | -64.3% |
| Remuneration and social security | 454/9 | €8,595 | €9,129 | +€535 | +6.2% |
| Other amounts payable | 47/48 | €110,192 | €113,192 | +€3,000 | +2.7% |
| Remuneration, social security and pensions | 62 | €50,392 | €52,806 | +€2,414 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,583 | €99,335 | +€12,752 | +14.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €585 | €535 | -€51 | -8.7% |
| Other operating charges | 640/8 | €2,324 | €2,324 | +€1 | 0.0% |
| Gross operating margin | 9900 | €1,065,448 | €323,451 | -€741,997 | -69.6% |
| Operating profit (loss) | 9901 | €925,564 | €168,451 | -€757,114 | -81.8% |
| Financial income | 75/76B | €439 | €1,167 | +€727 | +166% |
| Recurring financial income | 75 | €439 | €1,167 | +€727 | +166% |
| Financial charges | 65/66B | €15,993 | €9,456 | -€6,537 | -40.9% |
| Recurring financial charges | 65 | €15,993 | €9,456 | -€6,537 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €910,011 | €160,161 | -€749,850 | -82.4% |
| Income taxes | 67/77 | €291,616 | €54,303 | -€237,313 | -81.4% |
| Profit (loss) for the period | 9904 | €618,395 | €105,858 | -€512,537 | -82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €618,395 | €105,858 | -€512,537 | -82.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.