VOUNCKX: 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.
VOUNCKX
Largest movements
- Cash +€23,577
up €23,577 (+37.6%), from €62,721 to €86,299
mainly Net result for the year (+€58,606) and Depreciation (+€5,093)
- Receivables within one year +€16,529
up €16,529 (+95,988%), from €17 to €16,546
of which Trade receivables: +€13,500
- Tangible fixed assets -€4,737
down €4,737 (-6.8%), from €69,351 to €64,613
of which Furniture and vehicles: -€2,409
- Profit (loss) carried forward +€58,606
up €58,606 (+67.8%), from €86,452 to €145,058
- Other debts -€18,710
down €18,710 (-100%), from €18,710 to €0
- Tax, wage and social debts -€4,149
down €4,149 (-16.7%), from €24,799 to €20,650
- Gross operating margin -€13,614
down €13,614 (-14.2%), from €95,798 to €82,184
- Taxes -€2,056
down €2,056 (-10.7%), from €19,228 to €17,173
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 | €133,222 | €168,295 | +€35,073 | +26.3% |
| Fixed assets | 21/28 | €69,351 | €64,613 | -€4,737 | -6.8% |
| Tangible fixed assets | 22/27 | €69,351 | €64,613 | -€4,737 | -6.8% |
| Land and buildings | 22 | €63,864 | €61,536 | -€2,328 | -3.6% |
| Furniture and vehicles | 24 | €5,487 | €3,077 | -€2,409 | -43.9% |
| Current assets | 29/58 | €63,871 | €103,681 | +€39,810 | +62.3% |
| Amounts receivable within one year | 40/41 | €17 | €16,546 | +€16,529 | +95,988% |
| Trade receivables | 40 | €0 | €13,500 | +€13,500 | |
| Other amounts receivable | 41 | €17 | €3,046 | +€3,029 | +17,591% |
| Cash at bank and in hand | 54/58 | €62,721 | €86,299 | +€23,577 | +37.6% |
| Deferred charges and accrued income | 490/1 | €1,133 | €836 | -€297 | -26.2% |
| Total equity and liabilities | 10/49 | €133,222 | €168,295 | +€35,073 | +26.3% |
| Equity | 10/15 | €88,952 | €147,558 | +€58,606 | +65.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,452 | €145,058 | +€58,606 | +67.8% |
| Amounts payable | 17/49 | €44,270 | €20,736 | -€23,533 | -53.2% |
| Amounts payable within one year | 42/48 | €44,270 | €20,736 | -€23,533 | -53.2% |
| Trade debts | 44 | €760 | €86 | -€674 | -88.6% |
| Suppliers | 440/4 | €760 | €86 | -€674 | -88.6% |
| Taxes, remuneration and social security | 45 | €24,799 | €20,650 | -€4,149 | -16.7% |
| Taxes | 450/3 | €24,799 | €20,650 | -€4,149 | -16.7% |
| Other amounts payable | 47/48 | €18,710 | €0 | -€18,710 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,962 | €5,093 | +€131 | +2.6% |
| Other operating charges | 640/8 | €1,753 | €1,090 | -€663 | -37.8% |
| Gross operating margin | 9900 | €95,798 | €82,184 | -€13,614 | -14.2% |
| Operating profit (loss) | 9901 | €89,084 | €76,001 | -€13,082 | -14.7% |
| Financial income | 75/76B | €0 | €8 | +€8 | +75,700% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +75,700% |
| Financial charges | 65/66B | €142 | €230 | +€88 | +62.2% |
| Recurring financial charges | 65 | €142 | €230 | +€88 | +62.2% |
| Profit (loss) for the period before taxes | 9903 | €88,942 | €75,779 | -€13,163 | -14.8% |
| Income taxes | 67/77 | €19,228 | €17,173 | -€2,056 | -10.7% |
| Profit (loss) for the period | 9904 | €69,714 | €58,606 | -€11,108 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €69,714 | €58,606 | -€11,108 | -15.9% |
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 18 October 2026 via checked.be.