VINKA: 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.
VINKA
Largest movements
- Tangible fixed assets -€54,557
down €54,557 (-5.2%), from €1.1m to €1.0m
of which Land and buildings: -€48,617
- Cash -€14,972
down €14,972 (-29.2%), from €51,329 to €36,358
mainly Debts after one year (-€99,439) and Contributions, distributions and other (-€48,000)
- Debts after one year -€99,439
down €99,439 (-23.1%), from €431,167 to €331,728
- Other debts +€44,217
up €44,217 (+18.6%), from €237,262 to €281,480
- Gross operating margin +€2,518
up €2,518 (+1.8%), from €137,682 to €140,200
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 | €1,113,894 | €1,055,425 | -€58,469 | -5.2% |
| Fixed assets | 21/28 | €1,057,628 | €1,003,071 | -€54,557 | -5.2% |
| Tangible fixed assets | 22/27 | €1,057,102 | €1,002,545 | -€54,557 | -5.2% |
| Land and buildings | 22 | €1,018,526 | €969,909 | -€48,617 | -4.8% |
| Plant, machinery and equipment | 23 | €38,576 | €32,636 | -€5,939 | -15.4% |
| Financial fixed assets | 28 | €526 | €526 | = | 0.0% |
| Current assets | 29/58 | €56,266 | €52,355 | -€3,912 | -7.0% |
| Amounts receivable within one year | 40/41 | €3,476 | €14,460 | +€10,984 | +316% |
| Trade receivables | 40 | €198 | €0 | -€198 | -100% |
| Other amounts receivable | 41 | €3,279 | €14,460 | +€11,182 | +341% |
| Cash at bank and in hand | 54/58 | €51,329 | €36,358 | -€14,972 | -29.2% |
| Deferred charges and accrued income | 490/1 | €1,461 | €1,537 | +€76 | +5.2% |
| Total equity and liabilities | 10/49 | €1,113,894 | €1,055,425 | -€58,469 | -5.2% |
| Equity | 10/15 | €314,698 | €308,003 | -€6,695 | -2.1% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €94,109 | €86,647 | -€7,462 | -7.9% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €82,109 | €74,647 | -€7,462 | -9.1% |
| Profit (loss) carried forward | 14 | €100,589 | €101,356 | +€767 | +0.8% |
| Provisions and deferred taxes | 16 | €27,370 | €24,882 | -€2,487 | -9.1% |
| Deferred taxes | 168 | €27,370 | €24,882 | -€2,487 | -9.1% |
| Amounts payable | 17/49 | €771,826 | €722,539 | -€49,287 | -6.4% |
| Amounts payable after more than one year | 17 | €431,167 | €331,728 | -€99,439 | -23.1% |
| Financial debts | 170/4 | €431,167 | €331,728 | -€99,439 | -23.1% |
| Amounts payable within one year | 42/48 | €340,660 | €390,812 | +€50,152 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €98,486 | €99,439 | +€953 | +1.0% |
| Trade debts | 44 | - | €1,028 | +€1,028 | |
| Suppliers | 440/4 | - | €1,028 | +€1,028 | |
| Taxes, remuneration and social security | 45 | €4,912 | €8,865 | +€3,953 | +80.5% |
| Taxes | 450/3 | €4,912 | €8,865 | +€3,953 | +80.5% |
| Other amounts payable | 47/48 | €237,262 | €281,480 | +€44,217 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,557 | €54,557 | -€0 | 0.0% |
| Other operating charges | 640/8 | €17,282 | €18,068 | +€786 | +4.5% |
| Gross operating margin | 9900 | €137,682 | €140,200 | +€2,518 | +1.8% |
| Operating profit (loss) | 9901 | €65,843 | €67,576 | +€1,733 | +2.6% |
| Financial charges | 65/66B | €12,208 | €12,347 | +€139 | +1.1% |
| Recurring financial charges | 65 | €12,208 | €12,347 | +€139 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €53,635 | €55,228 | +€1,593 | +3.0% |
| Transfer from deferred taxes | 780 | €2,487 | €2,487 | = | 0.0% |
| Income taxes | 67/77 | €15,994 | €16,410 | +€416 | +2.6% |
| Profit (loss) for the period | 9904 | €40,128 | €41,305 | +€1,177 | +2.9% |
| Transfer from tax-exempt reserves | 789 | €7,462 | €7,462 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,590 | €48,767 | +€1,177 | +2.5% |
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 16 October 2026 via checked.be.