VINCKE CONTRACTING: 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.
VINCKE CONTRACTING
Largest movements
- Tangible fixed assets +€49,567
up €49,567 (+520%), from €9,534 to €59,101
of which Furniture and vehicles: +€48,363
- Receivables within one year +€11,406
up €11,406 (+83.3%), from €13,691 to €25,097
of which Trade receivables: +€12,756
- Cash -€8,253
down €8,253 (-6.3%), from €131,900 to €123,646
mainly Investment in fixed assets (net) (-€63,933) and Other debts (-€21,227)
- Intangible fixed assets -€3,600
down €3,600 (-20.0%), from €18,000 to €14,400
- Reserves +€34,164
up €34,164 (+25.1%), from €136,169 to €170,334
- Debts after one year +€30,215
new in 2025: €30,215
- Other debts -€21,227
down €21,227 (-85.8%), from €24,738 to €3,510
- Current portion of long-term debt +€8,341
up €8,341, from €0 to €8,341
- Gross operating margin -€11,394
down €11,394 (-14.9%), from €76,240 to €64,846
- Taxes -€2,858
down €2,858 (-22.1%), from €12,929 to €10,071
- Depreciation +€2,594
up €2,594 (+16.9%), from €15,372 to €17,966
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 | €175,656 | €227,031 | +€51,376 | +29.2% |
| Fixed assets | 21/28 | €27,534 | €73,501 | +€45,967 | +167% |
| Intangible fixed assets | 21 | €18,000 | €14,400 | -€3,600 | -20.0% |
| Tangible fixed assets | 22/27 | €9,534 | €59,101 | +€49,567 | +520% |
| Land and buildings | 22 | €3,498 | €3,131 | -€367 | -10.5% |
| Plant, machinery and equipment | 23 | €1,187 | €2,758 | +€1,571 | +132% |
| Furniture and vehicles | 24 | €4,850 | €53,212 | +€48,363 | +997% |
| Current assets | 29/58 | €148,122 | €153,530 | +€5,409 | +3.7% |
| Amounts receivable within one year | 40/41 | €13,691 | €25,097 | +€11,406 | +83.3% |
| Trade receivables | 40 | €5,270 | €18,026 | +€12,756 | +242% |
| Other amounts receivable | 41 | €8,421 | €7,071 | -€1,350 | -16.0% |
| Cash at bank and in hand | 54/58 | €131,900 | €123,646 | -€8,253 | -6.3% |
| Deferred charges and accrued income | 490/1 | €2,531 | €4,787 | +€2,256 | +89.1% |
| Total equity and liabilities | 10/49 | €175,656 | €227,031 | +€51,376 | +29.2% |
| Equity | 10/15 | €141,169 | €175,334 | +€34,164 | +24.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €136,169 | €170,334 | +€34,164 | +25.1% |
| Distributable reserves | 133 | €136,169 | €170,334 | +€34,164 | +25.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,486 | €51,697 | +€17,211 | +49.9% |
| Amounts payable after more than one year | 17 | - | €30,215 | +€30,215 | |
| Financial debts | 170/4 | - | €30,215 | +€30,215 | |
| Amounts payable within one year | 42/48 | €31,938 | €20,794 | -€11,143 | -34.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | €8,341 | +€8,341 | |
| Trade debts | 44 | €474 | €1,171 | +€697 | +147% |
| Suppliers | 440/4 | €474 | €1,171 | +€697 | +147% |
| Taxes, remuneration and social security | 45 | €6,726 | €7,772 | +€1,046 | +15.6% |
| Taxes | 450/3 | €6,726 | €7,772 | +€1,046 | +15.6% |
| Other amounts payable | 47/48 | €24,738 | €3,510 | -€21,227 | -85.8% |
| Accrued charges and deferred income | 492/3 | €2,549 | €688 | -€1,860 | -73.0% |
| Non-recurring operating income | 76A | - | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,372 | €17,966 | +€2,594 | +16.9% |
| Other operating charges | 640/8 | €592 | €610 | +€18 | +3.0% |
| Gross operating margin | 9900 | €76,240 | €64,846 | -€11,394 | -14.9% |
| Operating profit (loss) | 9901 | €60,277 | €46,271 | -€14,006 | -23.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,676 | €2,036 | -€640 | -23.9% |
| Recurring financial charges | 65 | €2,676 | €2,036 | -€640 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €57,601 | €44,235 | -€13,365 | -23.2% |
| Income taxes | 67/77 | €12,929 | €10,071 | -€2,858 | -22.1% |
| Profit (loss) for the period | 9904 | €44,672 | €34,164 | -€10,508 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,672 | €34,164 | -€10,508 | -23.5% |
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 21 October 2026 via checked.be.