VINCKIER-STEVERLYNCK: 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-STEVERLYNCK
Largest movements
- Receivables after one year -€150,000
down €150,000 (-79.8%), from €188,000 to €38,000
- Cash -€26,845
down €26,845 (-97.9%), from €27,407 to €562
mainly Other debts (-€121,984) and Contributions, distributions and other (-€36,926)
- Receivables within one year +€3,383
up €3,383 (+6.2%), from €54,997 to €58,380
of which Trade receivables: +€7,200
- Other debts -€121,984
down €121,984 (-70.9%), from €172,123 to €50,140
- Reserves -€36,926
down €36,926 (-34.9%), from €105,686 to €68,761
- Profit (loss) carried forward -€10,822
down €10,822 (-95.7%), from -€11,311 to -€22,133
- Financial income -€9,791
no longer reported in 2025 (was €9,791)
- Gross operating margin +€8,058
up €8,058 (+70.6%), from -€11,419 to -€3,361
- Taxes -€1,406
down €1,406 (-31.9%), from €4,403 to €2,997
- Depreciation -€673
down €673 (-27.5%), from €2,448 to €1,776
- Financial charges -€500
down €500 (-30.2%), from €1,655 to €1,155
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 | €302,295 | €131,056 | -€171,238 | -56.6% |
| Fixed assets | 21/28 | €27,072 | €27,882 | +€810 | +3.0% |
| Tangible fixed assets | 22/27 | €2,072 | €2,882 | +€810 | +39.1% |
| Plant, machinery and equipment | 23 | €894 | €492 | -€401 | -44.9% |
| Furniture and vehicles | 24 | €1,178 | €2,390 | +€1,212 | +103% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €275,223 | €103,174 | -€172,049 | -62.5% |
| Amounts receivable after more than one year | 29 | €188,000 | €38,000 | -€150,000 | -79.8% |
| Other amounts receivable | 291 | €188,000 | €38,000 | -€150,000 | -79.8% |
| Amounts receivable within one year | 40/41 | €54,997 | €58,380 | +€3,383 | +6.2% |
| Trade receivables | 40 | €33,699 | €40,898 | +€7,200 | +21.4% |
| Other amounts receivable | 41 | €21,299 | €17,482 | -€3,817 | -17.9% |
| Cash at bank and in hand | 54/58 | €27,407 | €562 | -€26,845 | -97.9% |
| Deferred charges and accrued income | 490/1 | €4,819 | €6,232 | +€1,413 | +29.3% |
| Total equity and liabilities | 10/49 | €302,295 | €131,056 | -€171,238 | -56.6% |
| Equity | 10/15 | €100,625 | €52,878 | -€47,748 | -47.5% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €105,686 | €68,761 | -€36,926 | -34.9% |
| Distributable reserves | 133 | €105,686 | €68,761 | -€36,926 | -34.9% |
| Profit (loss) carried forward | 14 | -€11,311 | -€22,133 | -€10,822 | -95.7% |
| Amounts payable | 17/49 | €201,670 | €78,179 | -€123,491 | -61.2% |
| Amounts payable within one year | 42/48 | €201,670 | €78,179 | -€123,491 | -61.2% |
| Financial debts | 43 | €10,142 | €10,128 | -€14 | -0.1% |
| Credit institutions | 430/8 | €10,142 | €10,128 | -€14 | -0.1% |
| Trade debts | 44 | €6,826 | €8,335 | +€1,509 | +22.1% |
| Suppliers | 440/4 | €6,826 | €8,335 | +€1,509 | +22.1% |
| Taxes, remuneration and social security | 45 | €12,578 | €9,576 | -€3,002 | -23.9% |
| Taxes | 450/3 | €12,578 | €9,576 | -€3,002 | -23.9% |
| Other amounts payable | 47/48 | €172,123 | €50,140 | -€121,984 | -70.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,448 | €1,776 | -€673 | -27.5% |
| Other operating charges | 640/8 | €1,176 | €1,533 | +€357 | +30.3% |
| Gross operating margin | 9900 | -€11,419 | -€3,361 | +€8,058 | +70.6% |
| Operating profit (loss) | 9901 | -€15,044 | -€6,670 | +€8,374 | +55.7% |
| Financial income | 75/76B | €9,791 | - | -€9,791 | |
| Recurring financial income | 75 | €9,791 | - | -€9,791 | |
| Financial charges | 65/66B | €1,655 | €1,155 | -€500 | -30.2% |
| Recurring financial charges | 65 | €1,655 | €1,155 | -€500 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,908 | -€7,825 | -€917 | -13.3% |
| Income taxes | 67/77 | €4,403 | €2,997 | -€1,406 | -31.9% |
| Profit (loss) for the period | 9904 | -€11,311 | -€10,822 | +€489 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,311 | -€10,822 | +€489 | +4.3% |
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 17 October 2026 via checked.be.