VINKA Projects: what changed
Two fiscal 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 Projects
Largest movements
- Tangible fixed assets -€28,623
down €28,623 (-11.1%), from €257,581 to €228,958
- Cash +€12,887
up €12,887 (+40.5%), from €31,803 to €44,691
mainly Depreciation (+€28,623) and Net result for the year (+€7,321)
- Debts after one year -€24,000
down €24,000 (-11.7%), from €206,000 to €182,000
- Reserves +€6,517
new in 2025: €6,517
- Gross operating margin +€1,465
up €1,465 (+3.5%), from €41,494 to €42,959
- Taxes +€943
new in 2025: €943
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.
Cash bridge derived
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 | €289,384 | €273,648 | -€15,736 | -5.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €257,581 | €228,958 | -€28,623 | -11.1% |
| Tangible fixed assets | 22/27 | €257,581 | €228,958 | -€28,623 | -11.1% |
| Land and buildings | 22 | €257,581 | €228,958 | -€28,623 | -11.1% |
| Current assets | 29/58 | €31,803 | €44,691 | +€12,887 | +40.5% |
| Cash at bank and in hand | 54/58 | €31,803 | €44,691 | +€12,887 | +40.5% |
| Total equity and liabilities | 10/49 | €289,384 | €273,648 | -€15,736 | -5.4% |
| Equity | 10/15 | €59,196 | €66,517 | +€7,321 | +12.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | - | €6,517 | +€6,517 | |
| Distributable reserves | 133 | - | €6,517 | +€6,517 | |
| Profit (loss) carried forward | 14 | -€804 | €0 | +€804 | |
| Amounts payable | 17/49 | €230,189 | €207,131 | -€23,057 | -10.0% |
| Amounts payable after more than one year | 17 | €206,000 | €182,000 | -€24,000 | -11.7% |
| Financial debts | 170/4 | €206,000 | €182,000 | -€24,000 | -11.7% |
| Amounts payable within one year | 42/48 | €24,189 | €25,131 | +€943 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €24,000 | €24,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €943 | +€943 | |
| Taxes | 450/3 | - | €943 | +€943 | |
| Other amounts payable | 47/48 | €189 | €189 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,686 | €28,623 | -€62 | -0.2% |
| Other operating charges | 640/8 | €2,477 | €2,559 | +€82 | +3.3% |
| Gross operating margin | 9900 | €41,494 | €42,959 | +€1,465 | +3.5% |
| Operating profit (loss) | 9901 | €10,331 | €11,777 | +€1,446 | +14.0% |
| Financial charges | 65/66B | €3,897 | €3,513 | -€384 | -9.9% |
| Recurring financial charges | 65 | €3,897 | €3,513 | -€384 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €6,434 | €8,264 | +€1,830 | +28.4% |
| Income taxes | 67/77 | - | €943 | +€943 | |
| Profit (loss) for the period | 9904 | €6,434 | €7,321 | +€887 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,434 | €7,321 | +€887 | +13.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.