Vyncke: 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.
Vyncke
Largest movements
- Receivables within one year -€29,906
down €29,906 (-45.1%), from €66,241 to €36,335
of which Trade receivables: -€42,869
- Tangible fixed assets -€27,908
down €27,908 (-9.3%), from €300,627 to €272,719
of which Furniture and vehicles: -€16,115
- Cash +€10,934
up €10,934 (+28.7%), from €38,055 to €48,989
mainly Receivables within one year (+€29,906) and Depreciation (+€28,757)
- Advances received -€44,633
down €44,633 (-97.1%), from €45,955 to €1,322
- Debts after one year -€12,913
down €12,913 (-8.9%), from €144,882 to €131,969
- Tax, wage and social debts +€6,735
up €6,735 (+37.8%), from €17,797 to €24,531
of which Remuneration and social security: +€5,604
- Staff costs +€27,107
up €27,107 (+21.8%), from €124,278 to €151,385
- Taxes -€17,300
down €17,300 (-86.1%), from €20,098 to €2,798
- Gross operating margin -€14,566
down €14,566 (-7.1%), from €205,305 to €190,740
- Financial income -€4,861
down €4,861 (-89.4%), from €5,439 to €578
- Depreciation +€2,904
up €2,904 (+11.2%), from €25,853 to €28,757
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 | €426,183 | €376,930 | -€49,252 | -11.6% |
| Fixed assets | 21/28 | €300,627 | €272,719 | -€27,908 | -9.3% |
| Tangible fixed assets | 22/27 | €300,627 | €272,719 | -€27,908 | -9.3% |
| Land and buildings | 22 | €232,951 | €222,812 | -€10,139 | -4.4% |
| Plant, machinery and equipment | 23 | €7,429 | €5,775 | -€1,654 | -22.3% |
| Furniture and vehicles | 24 | €60,247 | €44,132 | -€16,115 | -26.7% |
| Current assets | 29/58 | €125,556 | €104,211 | -€21,345 | -17.0% |
| Stocks and contracts in progress | 3 | €21,260 | €18,887 | -€2,372 | -11.2% |
| Stocks | 30/36 | €6,162 | €6,511 | +€349 | +5.7% |
| Contracts in progress | 37 | €15,098 | €12,376 | -€2,721 | -18.0% |
| Amounts receivable within one year | 40/41 | €66,241 | €36,335 | -€29,906 | -45.1% |
| Trade receivables | 40 | €61,739 | €18,869 | -€42,869 | -69.4% |
| Other amounts receivable | 41 | €4,502 | €17,466 | +€12,963 | +288% |
| Cash at bank and in hand | 54/58 | €38,055 | €48,989 | +€10,934 | +28.7% |
| Total equity and liabilities | 10/49 | €426,183 | €376,930 | -€49,252 | -11.6% |
| Equity | 10/15 | €175,829 | €178,176 | +€2,347 | +1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €9,698 | €9,698 | = | 0.0% |
| Reserves | 13 | €159,932 | €162,278 | +€2,347 | +1.5% |
| Distributable reserves | 133 | €159,932 | €162,278 | +€2,347 | +1.5% |
| Amounts payable | 17/49 | €250,353 | €198,754 | -€51,599 | -20.6% |
| Amounts payable after more than one year | 17 | €144,882 | €131,969 | -€12,913 | -8.9% |
| Financial debts | 170/4 | €144,882 | €131,969 | -€12,913 | -8.9% |
| Amounts payable within one year | 42/48 | €101,605 | €63,080 | -€38,525 | -37.9% |
| Financial debts | 43 | €12,721 | €12,913 | +€192 | +1.5% |
| Other loans | 439 | €12,721 | €12,913 | +€192 | +1.5% |
| Trade debts | 44 | €25,132 | €24,314 | -€818 | -3.3% |
| Suppliers | 440/4 | €25,132 | €24,314 | -€818 | -3.3% |
| Advances received on contracts in progress | 46 | €45,955 | €1,322 | -€44,633 | -97.1% |
| Taxes, remuneration and social security | 45 | €17,797 | €24,531 | +€6,735 | +37.8% |
| Taxes | 450/3 | €375 | €1,505 | +€1,130 | +302% |
| Remuneration and social security | 454/9 | €17,422 | €23,026 | +€5,604 | +32.2% |
| Accrued charges and deferred income | 492/3 | €3,867 | €3,705 | -€161 | -4.2% |
| Non-recurring operating income | 76A | €4,000 | - | -€4,000 | |
| Remuneration, social security and pensions | 62 | €124,278 | €151,385 | +€27,107 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,853 | €28,757 | +€2,904 | +11.2% |
| Other operating charges | 640/8 | €2,484 | €2,437 | -€47 | -1.9% |
| Gross operating margin | 9900 | €205,305 | €190,740 | -€14,566 | -7.1% |
| Operating profit (loss) | 9901 | €52,691 | €8,161 | -€44,530 | -84.5% |
| Financial income | 75/76B | €5,439 | €578 | -€4,861 | -89.4% |
| Recurring financial income | 75 | €5,439 | €578 | -€4,861 | -89.4% |
| Financial charges | 65/66B | €2,895 | €3,594 | +€699 | +24.1% |
| Recurring financial charges | 65 | €2,895 | €3,594 | +€699 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €55,235 | €5,144 | -€50,090 | -90.7% |
| Income taxes | 67/77 | €20,098 | €2,798 | -€17,300 | -86.1% |
| Profit (loss) for the period | 9904 | €35,137 | €2,347 | -€32,790 | -93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,137 | €2,347 | -€32,790 | -93.3% |
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 14 October 2026 via checked.be.