VNCK: 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.
VNCK
Largest movements
- Deferred charges and accrued income +€5,877
up €5,877 (+4766.6%), from €123 to €6,000
- Cash +€1,229
up €1,229 (+13.8%), from €8,932 to €10,161
mainly Tax, wage and social debts (+€7,832) and Net result for the year (+€2,495)
- Receivables within one year +€859
up €859 (+12.1%), from €7,116 to €7,975
of which Trade receivables: +€2,934
- Tax, wage and social debts +€7,832
up €7,832 (+424.2%), from €1,846 to €9,679
- Reserves +€2,500
up €2,500 (+45.5%), from €5,500 to €8,000
- Trade debts -€1,811
down €1,811 (-95.1%), from €1,904 to €93
- Other debts -€647
down €647 (-40.4%), from €1,602 to €954
- Gross operating margin -€3,410
down €3,410 (-34.8%), from €9,798 to €6,388
- Taxes -€1,855
down €1,855 (-58.5%), from €3,170 to €1,315
- Other operating charges +€888
up €888 (+118.5%), from €749 to €1,637
- Depreciation -€535
down €535 (-84.8%), from €631 to €96
- Financial charges -€373
down €373 (-30.6%), from €1,218 to €846
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 | €16,268 | €24,137 | +€7,869 | +48.4% |
| Fixed assets | 21/28 | €96 | - | -€96 | |
| Tangible fixed assets | 22/27 | €96 | - | -€96 | |
| Furniture and vehicles | 24 | €96 | - | -€96 | |
| Current assets | 29/58 | €16,172 | €24,137 | +€7,965 | +49.2% |
| Amounts receivable within one year | 40/41 | €7,116 | €7,975 | +€859 | +12.1% |
| Trade receivables | 40 | €4,991 | €7,925 | +€2,934 | +58.8% |
| Other amounts receivable | 41 | €2,125 | €50 | -€2,075 | -97.6% |
| Cash at bank and in hand | 54/58 | €8,932 | €10,161 | +€1,229 | +13.8% |
| Deferred charges and accrued income | 490/1 | €123 | €6,000 | +€5,877 | +4766.6% |
| Total equity and liabilities | 10/49 | €16,268 | €24,137 | +€7,869 | +48.4% |
| Equity | 10/15 | €10,916 | €13,411 | +€2,495 | +22.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €5,500 | €8,000 | +€2,500 | +45.5% |
| Distributable reserves | 133 | €5,500 | €8,000 | +€2,500 | +45.5% |
| Profit (loss) carried forward | 14 | €416 | €411 | -€5 | -1.3% |
| Amounts payable | 17/49 | €5,352 | €10,726 | +€5,374 | +100.4% |
| Amounts payable within one year | 42/48 | €5,352 | €10,726 | +€5,374 | +100.4% |
| Trade debts | 44 | €1,904 | €93 | -€1,811 | -95.1% |
| Suppliers | 440/4 | €1,904 | €93 | -€1,811 | -95.1% |
| Taxes, remuneration and social security | 45 | €1,846 | €9,679 | +€7,832 | +424.2% |
| Taxes | 450/3 | €1,846 | €9,679 | +€7,832 | +424.2% |
| Other amounts payable | 47/48 | €1,602 | €954 | -€647 | -40.4% |
| Non-recurring operating income | 76A | - | €267 | +€267 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €631 | €96 | -€535 | -84.8% |
| Other operating charges | 640/8 | €749 | €1,637 | +€888 | +118.5% |
| Gross operating margin | 9900 | €9,798 | €6,388 | -€3,410 | -34.8% |
| Operating profit (loss) | 9901 | €8,418 | €4,655 | -€3,763 | -44.7% |
| Financial charges | 65/66B | €1,218 | €846 | -€373 | -30.6% |
| Recurring financial charges | 65 | €1,218 | €846 | -€373 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €7,199 | €3,810 | -€3,390 | -47.1% |
| Income taxes | 67/77 | €3,170 | €1,315 | -€1,855 | -58.5% |
| Profit (loss) for the period | 9904 | €4,030 | €2,495 | -€1,535 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,030 | €2,495 | -€1,535 | -38.1% |
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 7 October 2026 via checked.be.