Vinckier Olivier: 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 Olivier
Largest movements
- Receivables within one year +€106,215
up €106,215 (+111%), from €95,971 to €202,186
- Cash +€100,816
up €100,816 (+405%), from €24,886 to €125,702
mainly Net result for the year (+€197,740) and Tax, wage and social debts (+€58,163)
- Reserves +€184,858
new in 2025: €184,858
- Tax, wage and social debts +€58,163
up €58,163 (+3,309%), from €1,757 to €59,920
of which Taxes: +€58,163
- Other debts -€49,294
down €49,294 (-36.0%), from €137,086 to €87,793
- Profit (loss) carried forward +€12,882
no longer reported in 2025 (was -€12,882)
- Gross operating margin +€270,666
up €270,666, from -€11,502 to €259,165
- Taxes +€58,163
up €58,163 (+44,621%), from €130 to €58,293
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 | €130,088 | €337,534 | +€207,446 | +159% |
| Fixed assets | 21/28 | €8,760 | €9,646 | +€887 | +10.1% |
| Tangible fixed assets | 22/27 | €8,760 | €9,646 | +€887 | +10.1% |
| Plant, machinery and equipment | 23 | €8,760 | €9,646 | +€887 | +10.1% |
| Current assets | 29/58 | €121,328 | €327,888 | +€206,560 | +170% |
| Amounts receivable within one year | 40/41 | €95,971 | €202,186 | +€106,215 | +111% |
| Trade receivables | 40 | €95,971 | €202,186 | +€106,215 | +111% |
| Cash at bank and in hand | 54/58 | €24,886 | €125,702 | +€100,816 | +405% |
| Deferred charges and accrued income | 490/1 | €472 | - | -€472 | |
| Total equity and liabilities | 10/49 | €130,088 | €337,534 | +€207,446 | +159% |
| Equity | 10/15 | -€11,882 | €185,858 | +€197,740 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €184,858 | +€184,858 | |
| Distributable reserves | 133 | - | €184,858 | +€184,858 | |
| Profit (loss) carried forward | 14 | -€12,882 | - | +€12,882 | |
| Amounts payable | 17/49 | €141,970 | €151,676 | +€9,707 | +6.8% |
| Amounts payable within one year | 42/48 | €138,871 | €147,808 | +€8,936 | +6.4% |
| Trade debts | 44 | €27 | €95 | +€67 | +246% |
| Suppliers | 440/4 | €27 | €95 | +€67 | +246% |
| Taxes, remuneration and social security | 45 | €1,757 | €59,920 | +€58,163 | +3,309% |
| Taxes | 450/3 | €530 | €58,693 | +€58,163 | +10,967% |
| Remuneration and social security | 454/9 | €1,227 | €1,227 | = | 0.0% |
| Other amounts payable | 47/48 | €137,086 | €87,793 | -€49,294 | -36.0% |
| Accrued charges and deferred income | 492/3 | €3,099 | €3,869 | +€770 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,240 | €2,962 | +€1,722 | +139% |
| Other operating charges | 640/8 | - | €126 | +€126 | |
| Gross operating margin | 9900 | -€11,502 | €259,165 | +€270,666 | |
| Operating profit (loss) | 9901 | -€12,742 | €256,077 | +€268,819 | |
| Financial charges | 65/66B | €10 | €44 | +€34 | +346% |
| Recurring financial charges | 65 | €10 | €44 | +€34 | +346% |
| Profit (loss) for the period before taxes | 9903 | -€12,752 | €256,033 | +€268,785 | |
| Income taxes | 67/77 | €130 | €58,293 | +€58,163 | +44,621% |
| Profit (loss) for the period | 9904 | -€12,882 | €197,740 | +€210,622 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,882 | €197,740 | +€210,622 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.