VINCKENBOSCH: 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.
VINCKENBOSCH
Largest movements
- Receivables within one year +€30,507
up €30,507 (+342%), from €8,925 to €39,432
of which Trade receivables: +€25,711
- Cash +€24,389
up €24,389 (+12.8%), from €189,843 to €214,231
mainly Other debts (+€24,270) and Net result for the year (+€21,353)
- Stocks and contracts -€13,945
down €13,945 (-78.6%), from €17,740 to €3,795
- Deferred charges and accrued income -€4,106
down €4,106 (-91.5%), from €4,486 to €380
- Other debts +€24,270
up €24,270 (+30.5%), from €79,552 to €103,822
- Profit (loss) carried forward +€20,666
no longer reported in 2025 (was -€20,666)
- Trade debts -€8,263
down €8,263 (-74.3%), from €11,120 to €2,857
- Gross operating margin +€43,989
up €43,989, from -€19,519 to €24,470
- Other operating charges -€1,268
down €1,268 (-45.9%), from €2,759 to €1,491
- Taxes +€1,156
up €1,156 (+890%), from €130 to €1,286
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 | €221,069 | €257,913 | +€36,845 | +16.7% |
| Fixed assets | 21/28 | €75 | €75 | = | 0.0% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €220,994 | €257,838 | +€36,845 | +16.7% |
| Stocks and contracts in progress | 3 | €17,740 | €3,795 | -€13,945 | -78.6% |
| Stocks | 30/36 | €17,740 | €3,795 | -€13,945 | -78.6% |
| Amounts receivable within one year | 40/41 | €8,925 | €39,432 | +€30,507 | +342% |
| Trade receivables | 40 | €3,630 | €29,341 | +€25,711 | +708% |
| Other amounts receivable | 41 | €5,295 | €10,090 | +€4,795 | +90.6% |
| Cash at bank and in hand | 54/58 | €189,843 | €214,231 | +€24,389 | +12.8% |
| Deferred charges and accrued income | 490/1 | €4,486 | €380 | -€4,106 | -91.5% |
| Total equity and liabilities | 10/49 | €221,069 | €257,913 | +€36,845 | +16.7% |
| Equity | 10/15 | €100,313 | €121,666 | +€21,353 | +21.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €102,380 | €103,066 | +€686 | +0.7% |
| Distributable reserves | 133 | €102,380 | €103,066 | +€686 | +0.7% |
| Profit (loss) carried forward | 14 | -€20,666 | - | +€20,666 | |
| Amounts payable | 17/49 | €120,756 | €136,247 | +€15,492 | +12.8% |
| Amounts payable after more than one year | 17 | €29,500 | €29,500 | = | 0.0% |
| Other amounts payable | 178/9 | €29,500 | €29,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €91,256 | €106,747 | +€15,492 | +17.0% |
| Trade debts | 44 | €11,120 | €2,857 | -€8,263 | -74.3% |
| Suppliers | 440/4 | €11,120 | €2,857 | -€8,263 | -74.3% |
| Taxes, remuneration and social security | 45 | €583 | €69 | -€515 | -88.2% |
| Taxes | 450/3 | €583 | €69 | -€515 | -88.2% |
| Other amounts payable | 47/48 | €79,552 | €103,822 | +€24,270 | +30.5% |
| Other operating charges | 640/8 | €2,759 | €1,491 | -€1,268 | -45.9% |
| Gross operating margin | 9900 | -€19,519 | €24,470 | +€43,989 | |
| Operating profit (loss) | 9901 | -€22,278 | €22,979 | +€45,257 | |
| Financial income | 75/76B | €207 | €8 | -€199 | -96.1% |
| Recurring financial income | 75 | €207 | €8 | -€199 | -96.1% |
| Financial charges | 65/66B | €326 | €349 | +€23 | +7.1% |
| Recurring financial charges | 65 | €326 | €349 | +€23 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,397 | €22,638 | +€45,035 | |
| Income taxes | 67/77 | €130 | €1,286 | +€1,156 | +890% |
| Profit (loss) for the period | 9904 | -€22,526 | €21,353 | +€43,879 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,526 | €21,353 | +€43,879 |
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 25 October 2026 via checked.be.