VINCKIER CENTER: 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.
VINCKIER CENTER
Largest movements
- Cash +€153,986
up €153,986 (+15.1%), from €1.0m to €1.2m
mainly Net result for the year (+€162,806) and Depreciation (+€27,737)
- Stocks and contracts +€20,293
up €20,293 (+30.1%), from €67,457 to €87,750
- Tangible fixed assets -€19,780
down €19,780 (-25.0%), from €79,129 to €59,349
of which Furniture and vehicles: -€21,769
- Reserves +€161,973
up €161,973 (+14.1%), from €1.2m to €1.3m
- Gross operating margin +€89,132
up €89,132 (+38.3%), from €232,773 to €321,904
- Taxes +€27,750
up €27,750 (+55.6%), from €49,953 to €77,702
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 | €1,200,131 | €1,356,748 | +€156,617 | +13.1% |
| Fixed assets | 21/28 | €79,129 | €59,349 | -€19,780 | -25.0% |
| Tangible fixed assets | 22/27 | €79,129 | €59,349 | -€19,780 | -25.0% |
| Land and buildings | 22 | €583 | €0 | -€583 | -100% |
| Plant, machinery and equipment | 23 | €4,059 | €6,630 | +€2,571 | +63.3% |
| Furniture and vehicles | 24 | €74,488 | €52,719 | -€21,769 | -29.2% |
| Current assets | 29/58 | €1,121,002 | €1,297,400 | +€176,398 | +15.7% |
| Stocks and contracts in progress | 3 | €67,457 | €87,750 | +€20,293 | +30.1% |
| Stocks | 30/36 | €67,457 | €87,750 | +€20,293 | +30.1% |
| Amounts receivable within one year | 40/41 | €32,175 | €35,442 | +€3,268 | +10.2% |
| Trade receivables | 40 | €5,164 | €18,907 | +€13,743 | +266% |
| Other amounts receivable | 41 | €27,011 | €16,535 | -€10,476 | -38.8% |
| Cash at bank and in hand | 54/58 | €1,018,267 | €1,172,253 | +€153,986 | +15.1% |
| Deferred charges and accrued income | 490/1 | €3,104 | €1,955 | -€1,149 | -37.0% |
| Total equity and liabilities | 10/49 | €1,200,131 | €1,356,748 | +€156,617 | +13.1% |
| Equity | 10/15 | €1,163,894 | €1,325,866 | +€161,973 | +13.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,151,494 | €1,313,466 | +€161,973 | +14.1% |
| Distributable reserves | 133 | €1,151,494 | €1,313,466 | +€161,973 | +14.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €36,237 | €30,882 | -€5,356 | -14.8% |
| Amounts payable within one year | 42/48 | €35,821 | €30,379 | -€5,442 | -15.2% |
| Financial debts | 43 | €2,983 | €0 | -€2,983 | -100% |
| Credit institutions | 430/8 | €2,983 | €0 | -€2,983 | -100% |
| Trade debts | 44 | €8,284 | €2,680 | -€5,603 | -67.6% |
| Suppliers | 440/4 | €8,284 | €2,680 | -€5,603 | -67.6% |
| Taxes, remuneration and social security | 45 | €23,971 | €27,116 | +€3,145 | +13.1% |
| Taxes | 450/3 | €13,905 | €20,501 | +€6,596 | +47.4% |
| Remuneration and social security | 454/9 | €10,065 | €6,615 | -€3,451 | -34.3% |
| Other amounts payable | 47/48 | €583 | €583 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €417 | €503 | +€86 | +20.7% |
| Remuneration, social security and pensions | 62 | €50,271 | €53,191 | +€2,920 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,889 | €27,737 | +€848 | +3.2% |
| Other operating charges | 640/8 | €2,467 | €3,692 | +€1,225 | +49.7% |
| Gross operating margin | 9900 | €232,773 | €321,904 | +€89,132 | +38.3% |
| Operating profit (loss) | 9901 | €153,145 | €237,284 | +€84,139 | +54.9% |
| Financial income | 75/76B | €2,606 | €4,036 | +€1,430 | +54.9% |
| Recurring financial income | 75 | €2,606 | €4,036 | +€1,430 | +54.9% |
| Financial charges | 65/66B | €883 | €812 | -€72 | -8.1% |
| Recurring financial charges | 65 | €883 | €812 | -€72 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €154,868 | €240,508 | +€85,640 | +55.3% |
| Income taxes | 67/77 | €49,953 | €77,702 | +€27,750 | +55.6% |
| Profit (loss) for the period | 9904 | €104,915 | €162,806 | +€57,891 | +55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €104,915 | €162,806 | +€57,891 | +55.2% |
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 26 October 2026 via checked.be.