VINKENGALM: 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.
VINKENGALM
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves +€24,820
up €24,820 (+104%), from €23,800 to €48,620
of which Distributable reserves: +€24,820
- Other debts -€23,000
down €23,000 (-10.0%), from €229,964 to €206,964
- Debts after one year -€21,976
down €21,976 (-4.3%), from €506,546 to €484,570
- Trade debts +€13,107
up €13,107 (+1,355%), from €968 to €14,075
- Taxes -€10,163
down €10,163 (-47.2%), from €21,515 to €11,352
- Other operating charges -€4,837
down €4,837 (-54.2%), from €8,918 to €4,082
- Financial charges +€4,624
up €4,624 (+16.9%), from €27,344 to €31,968
- Gross operating margin -€3,213
down €3,213 (-4.2%), from €75,725 to €72,512
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 | €1,034,755 | €1,025,070 | -€9,686 | -0.9% |
| Fixed assets | 21/28 | €1,021,920 | €1,021,640 | -€280 | 0.0% |
| Tangible fixed assets | 22/27 | €1,021,920 | €1,021,640 | -€280 | 0.0% |
| Land and buildings | 22 | €1,021,080 | €1,021,080 | = | 0.0% |
| Plant, machinery and equipment | 23 | €840 | €560 | -€280 | -33.3% |
| Current assets | 29/58 | €12,835 | €3,429 | -€9,406 | -73.3% |
| Amounts receivable within one year | 40/41 | €7,981 | - | -€7,981 | |
| Other amounts receivable | 41 | €7,981 | - | -€7,981 | |
| Cash at bank and in hand | 54/58 | €4,855 | €3,429 | -€1,425 | -29.4% |
| Total equity and liabilities | 10/49 | €1,034,755 | €1,025,070 | -€9,686 | -0.9% |
| Equity | 10/15 | €260,173 | €285,003 | +€24,830 | +9.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €162,634 | €162,634 | = | 0.0% |
| Reserves | 13 | €23,800 | €48,620 | +€24,820 | +104% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €17,650 | €42,470 | +€24,820 | +141% |
| Profit (loss) carried forward | 14 | €12,238 | €12,249 | +€10 | +0.1% |
| Amounts payable | 17/49 | €774,582 | €740,067 | -€34,516 | -4.5% |
| Amounts payable after more than one year | 17 | €506,546 | €484,570 | -€21,976 | -4.3% |
| Financial debts | 170/4 | €506,546 | €484,570 | -€21,976 | -4.3% |
| Amounts payable within one year | 42/48 | €268,036 | €255,497 | -€12,540 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €20,840 | €21,976 | +€1,136 | +5.4% |
| Trade debts | 44 | €968 | €14,075 | +€13,107 | +1,355% |
| Suppliers | 440/4 | €968 | €14,075 | +€13,107 | +1,355% |
| Taxes, remuneration and social security | 45 | €16,265 | €12,482 | -€3,783 | -23.3% |
| Taxes | 450/3 | €16,265 | €12,482 | -€3,783 | -23.3% |
| Other amounts payable | 47/48 | €229,964 | €206,964 | -€23,000 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €280 | €280 | = | 0.0% |
| Other operating charges | 640/8 | €8,918 | €4,082 | -€4,837 | -54.2% |
| Gross operating margin | 9900 | €75,725 | €72,512 | -€3,213 | -4.2% |
| Operating profit (loss) | 9901 | €66,527 | €68,150 | +€1,623 | +2.4% |
| Financial income | 75/76B | €24 | - | -€24 | |
| Recurring financial income | 75 | €24 | - | -€24 | |
| Financial charges | 65/66B | €27,344 | €31,968 | +€4,624 | +16.9% |
| Recurring financial charges | 65 | €27,344 | €31,968 | +€4,624 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €39,207 | €36,182 | -€3,025 | -7.7% |
| Income taxes | 67/77 | €21,515 | €11,352 | -€10,163 | -47.2% |
| Profit (loss) for the period | 9904 | €17,692 | €24,830 | +€7,138 | +40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,692 | €24,830 | +€7,138 | +40.3% |
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.