Vincke: 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.
What changed
Vincke
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€9,864
2024 · €841+€9,023
Equity
€93,497
2024 · €83,633+€9,864
Cash
€42,714
2024 · €41,634+€1,080
Balance sheet total
€269,488
2024 · €311,023-€41,534
Largest movements
Assets
- Tangible fixed assets -€47,013
down €47,013 (-30.4%), from €154,855 to €107,842
- Stocks and contracts +€4,811
up €4,811 (+24.7%), from €19,463 to €24,274
- Deferred charges and accrued income -€3,219
down €3,219 (-100%), from €3,219 to €0
Equity and liabilities
- Debts after one year -€33,889
down €33,889 (-38.3%), from €88,565 to €54,675
- Tax, wage and social debts -€26,661
down €26,661 (-46.6%), from €57,241 to €30,580
of which Taxes: -€13,932
- Profit (loss) carried forward +€9,864
up €9,864 (+70.6%), from -€13,965 to -€4,101
- Trade debts +€9,763
up €9,763 (+24.0%), from €40,734 to €50,497
Income statement
- Staff costs -€10,844
down €10,844 (-6.1%), from €176,679 to €165,835
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.
Result 2024
€841
Gross operating margin
+€102
Staff costs
+€10,844
Depreciation
-€1,249
Other operating charges
+€588
Financial income
+€143
Financial charges
+€251
Taxes
-€1,657
Result 2025
€9,864
raises the resultlowers the result
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.
From operations
+€38,041
Investment
€0
Financing
-€36,961
Cash 2024
€41,634
From operations (derived)
+€38,041
Net result for the year
+€9,864
Depreciation
+€47,013
Stocks and contracts
-€4,811
Receivables within one year
-€2,806
Deferred charges and accrued income
+€3,219
Trade debts
+€9,763
Tax, wage and social debts
-€26,661
Other debts
+€2,460
Financing
-€36,961
Debts after one year
-€33,889
Current portion of long-term debt
-€3,072
Cash 2025
€42,714
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €311,023 | €269,488 | -€41,534 | -13.4% |
| Fixed assets | 21/28 | €163,540 | €116,527 | -€47,013 | -28.7% |
| Tangible fixed assets | 22/27 | €154,855 | €107,842 | -€47,013 | -30.4% |
| Land and buildings | 22 | €99,243 | €81,281 | -€17,962 | -18.1% |
| Plant, machinery and equipment | 23 | €3,215 | €1,921 | -€1,294 | -40.3% |
| Furniture and vehicles | 24 | €9,662 | €3,273 | -€6,389 | -66.1% |
| Leasing and similar rights | 25 | €42,735 | €21,367 | -€21,367 | -50.0% |
| Financial fixed assets | 28 | €8,685 | €8,685 | = | 0.0% |
| Current assets | 29/58 | €147,483 | €152,961 | +€5,478 | +3.7% |
| Stocks and contracts in progress | 3 | €19,463 | €24,274 | +€4,811 | +24.7% |
| Stocks | 30/36 | €19,463 | €24,274 | +€4,811 | +24.7% |
| Amounts receivable within one year | 40/41 | €83,167 | €85,973 | +€2,806 | +3.4% |
| Trade receivables | 40 | €75,198 | €79,250 | +€4,052 | +5.4% |
| Other amounts receivable | 41 | €7,969 | €6,724 | -€1,246 | -15.6% |
| Cash at bank and in hand | 54/58 | €41,634 | €42,714 | +€1,080 | +2.6% |
| Deferred charges and accrued income | 490/1 | €3,219 | €0 | -€3,219 | -100% |
| Total equity and liabilities | 10/49 | €311,023 | €269,488 | -€41,534 | -13.4% |
| Equity | 10/15 | €83,633 | €93,497 | +€9,864 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,998 | €78,998 | = | 0.0% |
| Distributable reserves | 133 | €78,998 | €78,998 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,965 | -€4,101 | +€9,864 | +70.6% |
| Amounts payable | 17/49 | €227,390 | €175,991 | -€51,398 | -22.6% |
| Amounts payable after more than one year | 17 | €88,565 | €54,675 | -€33,889 | -38.3% |
| Financial debts | 170/4 | €88,565 | €54,675 | -€33,889 | -38.3% |
| Amounts payable within one year | 42/48 | €138,825 | €121,316 | -€17,509 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €36,961 | €33,889 | -€3,072 | -8.3% |
| Trade debts | 44 | €40,734 | €50,497 | +€9,763 | +24.0% |
| Suppliers | 440/4 | €40,734 | €50,497 | +€9,763 | +24.0% |
| Taxes, remuneration and social security | 45 | €57,241 | €30,580 | -€26,661 | -46.6% |
| Taxes | 450/3 | €33,919 | €19,986 | -€13,932 | -41.1% |
| Remuneration and social security | 454/9 | €23,322 | €10,593 | -€12,729 | -54.6% |
| Other amounts payable | 47/48 | €3,889 | €6,349 | +€2,460 | +63.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €176,679 | €165,835 | -€10,844 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,764 | €47,013 | +€1,249 | +2.7% |
| Other operating charges | 640/8 | €8,728 | €8,140 | -€588 | -6.7% |
| Gross operating margin | 9900 | €238,366 | €238,468 | +€102 | 0.0% |
| Operating profit (loss) | 9901 | €7,195 | €17,481 | +€10,286 | +143% |
| Financial income | 75/76B | €130 | €273 | +€143 | +110% |
| Recurring financial income | 75 | €130 | €273 | +€143 | +110% |
| Financial charges | 65/66B | €4,972 | €4,721 | -€251 | -5.1% |
| Recurring financial charges | 65 | €4,972 | €4,721 | -€251 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €2,352 | €13,032 | +€10,680 | +454% |
| Income taxes | 67/77 | €1,511 | €3,168 | +€1,657 | +110% |
| Profit (loss) for the period | 9904 | €841 | €9,864 | +€9,023 | +1,073% |
| Profit (loss) for the period to be appropriated | 9905 | €841 | €9,864 | +€9,023 | +1,073% |
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 16 October 2026 via checked.be.