VINKAR: 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.
VINKAR
Largest movements
- Cash -€216,110
down €216,110 (-33.8%), from €639,622 to €423,512
mainly Contributions, distributions and other (-€550,000) and Net result for the year (-€115,447)
- Current investments +€102,332
up €102,332 (+51.1%), from €200,145 to €302,477
- Deferred charges and accrued income -€55,301
down €55,301 (-88.2%), from €62,726 to €7,425
- Intangible fixed assets -€51,400
down €51,400 (-47.9%), from €107,236 to €55,836
- Profit (loss) carried forward -€665,447
down €665,447 (-94.9%), from €701,560 to €36,113
- Other debts +€467,474
up €467,474 (+8713.2%), from €5,365 to €472,839
- Trade debts +€94,115
up €94,115 (+849.0%), from €11,085 to €105,200
- Tax, wage and social debts -€64,204
down €64,204 (-34.5%), from €186,103 to €121,899
of which Taxes: -€74,887
- Debts after one year -€51,354
down €51,354 (-79.8%), from €64,316 to €12,962
- Gross operating margin -€420,700
down €420,700, from €405,301 to -€15,399
- Provisions +€120,466
up €120,466, from -€120,466 to €0
- Taxes -€109,090
down €109,090 (-100.0%), from €109,090 to €0
- Staff costs +€39,617
up €39,617 (+219.3%), from €18,064 to €57,681
- Financial income +€12,867
up €12,867 (+99.6%), from €12,917 to €25,784
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 | €1,028,998 | €808,867 | -€220,131 | -21.4% |
| Fixed assets | 21/28 | €124,393 | €70,969 | -€53,424 | -42.9% |
| Intangible fixed assets | 21 | €107,236 | €55,836 | -€51,400 | -47.9% |
| Tangible fixed assets | 22/27 | €17,157 | €15,133 | -€2,024 | -11.8% |
| Plant, machinery and equipment | 23 | - | €2,230 | +€2,230 | |
| Furniture and vehicles | 24 | €4,657 | €3,653 | -€1,004 | -21.6% |
| Other tangible fixed assets | 26 | €12,500 | €9,250 | -€3,250 | -26.0% |
| Current assets | 29/58 | €904,604 | €737,898 | -€166,707 | -18.4% |
| Amounts receivable within one year | 40/41 | €2,112 | €4,484 | +€2,373 | +112.4% |
| Trade receivables | 40 | €2,112 | €0 | -€2,112 | -100.0% |
| Other amounts receivable | 41 | - | €4,484 | +€4,484 | |
| Current investments | 50/53 | €200,145 | €302,477 | +€102,332 | +51.1% |
| Cash at bank and in hand | 54/58 | €639,622 | €423,512 | -€216,110 | -33.8% |
| Deferred charges and accrued income | 490/1 | €62,726 | €7,425 | -€55,301 | -88.2% |
| Total equity and liabilities | 10/49 | €1,028,998 | €808,867 | -€220,131 | -21.4% |
| Equity | 10/15 | €708,560 | €43,113 | -€665,447 | -93.9% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €701,560 | €36,113 | -€665,447 | -94.9% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €320,438 | €765,754 | +€445,316 | +139.0% |
| Amounts payable after more than one year | 17 | €64,316 | €12,962 | -€51,354 | -79.8% |
| Financial debts | 170/4 | €64,316 | €12,962 | -€51,354 | -79.8% |
| Amounts payable within one year | 42/48 | €253,122 | €751,292 | +€498,170 | +196.8% |
| Current portion of amounts payable after more than one year | 42 | €50,569 | €51,354 | +€785 | +1.6% |
| Trade debts | 44 | €11,085 | €105,200 | +€94,115 | +849.0% |
| Suppliers | 440/4 | €11,085 | €105,200 | +€94,115 | +849.0% |
| Taxes, remuneration and social security | 45 | €186,103 | €121,899 | -€64,204 | -34.5% |
| Taxes | 450/3 | €184,688 | €109,801 | -€74,887 | -40.5% |
| Remuneration and social security | 454/9 | €1,415 | €12,098 | +€10,683 | +755.3% |
| Other amounts payable | 47/48 | €5,365 | €472,839 | +€467,474 | +8713.2% |
| Accrued charges and deferred income | 492/3 | €3,000 | €1,500 | -€1,500 | -50.0% |
| Remuneration, social security and pensions | 62 | €18,064 | €57,681 | +€39,617 | +219.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,603 | €56,044 | +€1,442 | +2.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€120,466 | €0 | +€120,466 | |
| Other operating charges | 640/8 | €8,308 | €528 | -€7,780 | -93.6% |
| Gross operating margin | 9900 | €405,301 | -€15,399 | -€420,700 | |
| Operating profit (loss) | 9901 | €444,793 | -€129,652 | -€574,445 | |
| Financial income | 75/76B | €12,917 | €25,784 | +€12,867 | +99.6% |
| Recurring financial income | 75 | €12,917 | €25,784 | +€12,867 | +99.6% |
| Financial charges | 65/66B | €2,307 | €11,580 | +€9,273 | +402.0% |
| Recurring financial charges | 65 | €2,307 | €11,580 | +€9,273 | +402.0% |
| Profit (loss) for the period before taxes | 9903 | €455,403 | -€115,447 | -€570,850 | |
| Income taxes | 67/77 | €109,090 | €0 | -€109,090 | -100.0% |
| Profit (loss) for the period | 9904 | €346,313 | -€115,447 | -€461,761 | |
| Profit (loss) for the period to be appropriated | 9905 | €346,313 | -€115,447 | -€461,761 |
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 12 October 2026 via checked.be.