Vinckbusiness: 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.
Vinckbusiness
Largest movements
- Cash +€40,680
up €40,680 (+53.6%), from €75,829 to €116,509
mainly Net result for the year (+€51,491) and Depreciation (+€14,973)
- Current investments +€17,697
up €17,697 (+40.2%), from €44,000 to €61,697
- Tangible fixed assets -€14,973
down €14,973 (-31.9%), from €47,000 to €32,027
of which Furniture and vehicles: -€15,239
- Receivables within one year +€6,377
up €6,377 (+66.4%), from €9,605 to €15,982
- Reserves +€51,490
up €51,490 (+176%), from €29,185 to €80,675
- Tax, wage and social debts +€14,969
up €14,969 (+90.9%), from €16,464 to €31,433
of which Taxes: +€11,603
- Debts after one year -€11,325
down €11,325 (-43.3%), from €26,167 to €14,842
- Other debts -€6,138
down €6,138 (-7.7%), from €79,229 to €73,091
- Gross operating margin +€45,354
up €45,354 (+103%), from €44,050 to €89,404
- Taxes +€13,133
up €13,133 (+187%), from €7,008 to €20,141
- Financial charges +€954
up €954 (+48.2%), from €1,981 to €2,935
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 | €178,976 | €227,443 | +€48,467 | +27.1% |
| Fixed assets | 21/28 | €48,804 | €32,027 | -€16,777 | -34.4% |
| Tangible fixed assets | 22/27 | €47,000 | €32,027 | -€14,973 | -31.9% |
| Plant, machinery and equipment | 23 | - | €266 | +€266 | |
| Furniture and vehicles | 24 | €47,000 | €31,761 | -€15,239 | -32.4% |
| Financial fixed assets | 28 | €1,804 | €0 | -€1,804 | -100% |
| Current assets | 29/58 | €130,172 | €195,416 | +€65,244 | +50.1% |
| Amounts receivable within one year | 40/41 | €9,605 | €15,982 | +€6,377 | +66.4% |
| Trade receivables | 40 | €9,605 | €15,982 | +€6,377 | +66.4% |
| Current investments | 50/53 | €44,000 | €61,697 | +€17,697 | +40.2% |
| Cash at bank and in hand | 54/58 | €75,829 | €116,509 | +€40,680 | +53.6% |
| Deferred charges and accrued income | 490/1 | €738 | €1,228 | +€490 | +66.3% |
| Total equity and liabilities | 10/49 | €178,976 | €227,443 | +€48,467 | +27.1% |
| Equity | 10/15 | €31,185 | €82,675 | +€51,490 | +165% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €29,185 | €80,675 | +€51,490 | +176% |
| Distributable reserves | 133 | €29,185 | €80,675 | +€51,490 | +176% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €147,791 | €144,768 | -€3,023 | -2.0% |
| Amounts payable after more than one year | 17 | €26,167 | €14,842 | -€11,325 | -43.3% |
| Financial debts | 170/4 | €26,167 | €14,842 | -€11,325 | -43.3% |
| Amounts payable within one year | 42/48 | €121,624 | €129,925 | +€8,301 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €10,859 | €11,325 | +€466 | +4.3% |
| Trade debts | 44 | €15,072 | €14,076 | -€996 | -6.6% |
| Suppliers | 440/4 | €15,072 | €14,076 | -€996 | -6.6% |
| Taxes, remuneration and social security | 45 | €16,464 | €31,433 | +€14,969 | +90.9% |
| Taxes | 450/3 | €16,464 | €28,067 | +€11,603 | +70.5% |
| Remuneration and social security | 454/9 | - | €3,366 | +€3,366 | |
| Other amounts payable | 47/48 | €79,229 | €73,091 | -€6,138 | -7.7% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,443 | €14,973 | -€470 | -3.0% |
| Other operating charges | 640/8 | €50 | €53 | +€3 | +6.0% |
| Gross operating margin | 9900 | €44,050 | €89,404 | +€45,354 | +103% |
| Operating profit (loss) | 9901 | €28,557 | €74,378 | +€45,821 | +160% |
| Financial income | 75/76B | €190 | €189 | -€1 | -0.7% |
| Recurring financial income | 75 | €190 | €189 | -€1 | -0.7% |
| Financial charges | 65/66B | €1,981 | €2,935 | +€954 | +48.2% |
| Recurring financial charges | 65 | €1,981 | €2,935 | +€954 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €26,766 | €71,632 | +€44,866 | +168% |
| Income taxes | 67/77 | €7,008 | €20,141 | +€13,133 | +187% |
| Profit (loss) for the period | 9904 | €19,758 | €51,491 | +€31,733 | +161% |
| Profit (loss) for the period to be appropriated | 9905 | €19,758 | €51,491 | +€31,733 | +161% |
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 22 October 2026 via checked.be.