Vinken Management: what changed
What changed
Vinken Management
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€15,169
2024 · €8,985+€6,184
Equity
€161,490
2024 · €146,321+€15,169
Cash
€19,139
2024 · €18,798+€340
Balance sheet total
€221,319
2024 · €216,709+€4,610
Largest movements
Assets
- Receivables within one year +€5,434
up €5,434 (+30.8%), from €17,642 to €23,076
of which Trade receivables: +€11,537
Equity and liabilities
- Debts after one year -€25,012
down €25,012 (-44.7%), from €55,996 to €30,984
of which Financial debts: -€25,051
- Reserves +€15,169
up €15,169 (+11.9%), from €127,721 to €142,890
- Current portion of long-term debt +€13,602
up €13,602 (+187%), from €7,262 to €20,864
- Tax, wage and social debts +€3,749
up €3,749 (+247%), from €1,520 to €5,269
- Short-term financial debts -€2,728
down €2,728 (-100%), from €2,728 to €0
Income statement
- Gross operating margin +€8,496
up €8,496 (+49.6%), from €17,123 to €25,619
- Taxes +€2,103
up €2,103 (+54.1%), from €3,887 to €5,991
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€8,985
Gross operating margin
+€8,496
Depreciation
+€139
Other operating charges
-€210
Financial income
+€0
Financial charges
-€137
Taxes
-€2,103
Result 2025
€15,169
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€14,478
Investment
€0
Financing
-€14,137
Cash 2024
€18,798
From operations (derived)
+€14,478
Net result for the year
+€15,169
Depreciation
+€1,165
Receivables within one year
-€5,434
Trade debts
-€24
Tax, wage and social debts
+€3,749
Accrued charges and deferred income
-€147
Financing
-€14,137
Debts after one year
-€25,012
Current portion of long-term debt
+€13,602
Short-term financial debts
-€2,728
Cash 2025
€19,139
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €216,709 | €221,319 | +€4,610 | +2.1% |
| Fixed assets | 21/28 | €179,479 | €178,314 | -€1,165 | -0.6% |
| Tangible fixed assets | 22/27 | €2,479 | €1,314 | -€1,165 | -47.0% |
| Plant, machinery and equipment | 23 | €1,850 | €1,314 | -€536 | -29.0% |
| Other tangible fixed assets | 26 | €629 | €0 | -€629 | -100% |
| Financial fixed assets | 28 | €177,000 | €177,000 | = | 0.0% |
| Current assets | 29/58 | €37,230 | €43,004 | +€5,774 | +15.5% |
| Amounts receivable within one year | 40/41 | €17,642 | €23,076 | +€5,434 | +30.8% |
| Trade receivables | 40 | €10,999 | €22,536 | +€11,537 | +105% |
| Other amounts receivable | 41 | €6,643 | €540 | -€6,103 | -91.9% |
| Cash at bank and in hand | 54/58 | €18,798 | €19,139 | +€340 | +1.8% |
| Deferred charges and accrued income | 490/1 | €789 | €789 | = | 0.0% |
| Total equity and liabilities | 10/49 | €216,709 | €221,319 | +€4,610 | +2.1% |
| Equity | 10/15 | €146,321 | €161,490 | +€15,169 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €127,721 | €142,890 | +€15,169 | +11.9% |
| Distributable reserves | 133 | €127,721 | €142,890 | +€15,169 | +11.9% |
| Amounts payable | 17/49 | €70,387 | €59,828 | -€10,559 | -15.0% |
| Amounts payable after more than one year | 17 | €55,996 | €30,984 | -€25,012 | -44.7% |
| Financial debts | 170/4 | €42,480 | €17,429 | -€25,051 | -59.0% |
| Other amounts payable | 178/9 | €13,516 | €13,556 | +€40 | +0.3% |
| Amounts payable within one year | 42/48 | €13,966 | €28,567 | +€14,600 | +105% |
| Current portion of amounts payable after more than one year | 42 | €7,262 | €20,864 | +€13,602 | +187% |
| Financial debts | 43 | €2,728 | €0 | -€2,728 | -100% |
| Credit institutions | 430/8 | €2,728 | €0 | -€2,728 | -100% |
| Trade debts | 44 | €2,457 | €2,433 | -€24 | -1.0% |
| Suppliers | 440/4 | €2,457 | €2,433 | -€24 | -1.0% |
| Taxes, remuneration and social security | 45 | €1,520 | €5,269 | +€3,749 | +247% |
| Taxes | 450/3 | €1,520 | €5,269 | +€3,749 | +247% |
| Accrued charges and deferred income | 492/3 | €425 | €278 | -€147 | -34.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,304 | €1,165 | -€139 | -10.7% |
| Other operating charges | 640/8 | €689 | €899 | +€210 | +30.6% |
| Gross operating margin | 9900 | €17,123 | €25,619 | +€8,496 | +49.6% |
| Operating profit (loss) | 9901 | €15,131 | €23,555 | +€8,424 | +55.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,258 | €2,396 | +€137 | +6.1% |
| Recurring financial charges | 65 | €2,258 | €2,396 | +€137 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €12,872 | €21,160 | +€8,287 | +64.4% |
| Income taxes | 67/77 | €3,887 | €5,991 | +€2,103 | +54.1% |
| Profit (loss) for the period | 9904 | €8,985 | €15,169 | +€6,184 | +68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,985 | €15,169 | +€6,184 | +68.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.