VYNCKE - DAELS: 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 - DAELS
Largest movements
- Receivables within one year -€142,038
down €142,038 (-46.6%), from €304,486 to €162,448
of which Other amounts receivable: -€141,540
- Stocks and contracts +€54,745
up €54,745 (+9.2%), from €594,813 to €649,558
- Cash +€50,440
up €50,440 (+258%), from €19,583 to €70,022
mainly Receivables within one year (+€142,038) and Other debts (+€84,546)
- Other debts +€84,546
up €84,546 (+95.0%), from €88,954 to €173,500
- Reserves -€62,210
down €62,210 (-31.6%), from €196,602 to €134,393
of which Distributable reserves: -€62,210
- Advances received -€34,529
down €34,529 (-35.4%), from €97,507 to €62,978
- Tax, wage and social debts -€13,581
down €13,581 (-36.8%), from €36,881 to €23,299
of which Taxes: -€16,308
- Gross operating margin -€11,513
down €11,513 (-9.6%), from €119,742 to €108,229
- Write-downs -€11,000
down €11,000, from €8,800 to -€2,200
- Provisions +€6,174
up €6,174 (+67.4%), from -€9,161 to -€2,986
- Depreciation -€3,252
down €3,252 (-31.7%), from €10,259 to €7,006
- Taxes -€2,571
down €2,571 (-21.8%), from €11,777 to €9,207
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 | €966,007 | €942,890 | -€23,116 | -2.4% |
| Fixed assets | 21/28 | €37,165 | €44,489 | +€7,324 | +19.7% |
| Tangible fixed assets | 22/27 | €37,165 | €44,489 | +€7,324 | +19.7% |
| Land and buildings | 22 | €19,349 | €14,955 | -€4,394 | -22.7% |
| Plant, machinery and equipment | 23 | €17,816 | €15,269 | -€2,548 | -14.3% |
| Furniture and vehicles | 24 | - | €14,265 | +€14,265 | |
| Current assets | 29/58 | €928,842 | €898,401 | -€30,440 | -3.3% |
| Stocks and contracts in progress | 3 | €594,813 | €649,558 | +€54,745 | +9.2% |
| Stocks | 30/36 | €594,813 | €649,558 | +€54,745 | +9.2% |
| Amounts receivable within one year | 40/41 | €304,486 | €162,448 | -€142,038 | -46.6% |
| Trade receivables | 40 | €44,586 | €44,088 | -€498 | -1.1% |
| Other amounts receivable | 41 | €259,900 | €118,360 | -€141,540 | -54.5% |
| Cash at bank and in hand | 54/58 | €19,583 | €70,022 | +€50,440 | +258% |
| Deferred charges and accrued income | 490/1 | €9,960 | €16,373 | +€6,413 | +64.4% |
| Total equity and liabilities | 10/49 | €966,007 | €942,890 | -€23,116 | -2.4% |
| Equity | 10/15 | €414,455 | €352,245 | -€62,210 | -15.0% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Capital | 10 | €210,000 | €210,000 | = | 0.0% |
| Issued capital | 100 | €210,000 | €210,000 | = | 0.0% |
| Reserves | 13 | €196,602 | €134,393 | -€62,210 | -31.6% |
| Non-distributable reserves | 130/1 | €21,000 | €21,000 | = | 0.0% |
| Legal reserve | 130 | €21,000 | €21,000 | = | 0.0% |
| Distributable reserves | 133 | €175,602 | €113,393 | -€62,210 | -35.4% |
| Profit (loss) carried forward | 14 | €7,853 | €7,853 | = | 0.0% |
| Provisions and deferred taxes | 16 | €2,986 | - | -€2,986 | |
| Provisions for liabilities and charges | 160/5 | €2,986 | - | -€2,986 | |
| Major repairs and maintenance | 162 | €2,986 | - | -€2,986 | |
| Amounts payable | 17/49 | €548,565 | €590,645 | +€42,080 | +7.7% |
| Amounts payable after more than one year | 17 | €303,104 | €303,104 | = | 0.0% |
| Other amounts payable | 178/9 | €303,104 | €303,104 | = | 0.0% |
| Amounts payable within one year | 42/48 | €245,461 | €278,957 | +€33,496 | +13.6% |
| Trade debts | 44 | €22,119 | €19,179 | -€2,940 | -13.3% |
| Suppliers | 440/4 | €22,119 | €19,179 | -€2,940 | -13.3% |
| Advances received on contracts in progress | 46 | €97,507 | €62,978 | -€34,529 | -35.4% |
| Taxes, remuneration and social security | 45 | €36,881 | €23,299 | -€13,581 | -36.8% |
| Taxes | 450/3 | €31,890 | €15,582 | -€16,308 | -51.1% |
| Remuneration and social security | 454/9 | €4,990 | €7,717 | +€2,727 | +54.6% |
| Other amounts payable | 47/48 | €88,954 | €173,500 | +€84,546 | +95.0% |
| Accrued charges and deferred income | 492/3 | - | €8,584 | +€8,584 | |
| Remuneration, social security and pensions | 62 | €54,440 | €56,101 | +€1,661 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,259 | €7,006 | -€3,252 | -31.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,800 | -€2,200 | -€11,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€9,161 | -€2,986 | +€6,174 | +67.4% |
| Other operating charges | 640/8 | €3,350 | €2,939 | -€411 | -12.3% |
| Gross operating margin | 9900 | €119,742 | €108,229 | -€11,513 | -9.6% |
| Operating profit (loss) | 9901 | €52,053 | €47,368 | -€4,685 | -9.0% |
| Financial income | 75/76B | €74 | €245 | +€171 | +232% |
| Recurring financial income | 75 | €74 | €245 | +€171 | +232% |
| Financial charges | 65/66B | €19,863 | €21,273 | +€1,409 | +7.1% |
| Recurring financial charges | 65 | €19,863 | €21,273 | +€1,409 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €32,264 | €26,341 | -€5,923 | -18.4% |
| Income taxes | 67/77 | €11,777 | €9,207 | -€2,571 | -21.8% |
| Profit (loss) for the period | 9904 | €20,486 | €17,134 | -€3,352 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,486 | €17,134 | -€3,352 | -16.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.