VYNCKE INVEST: 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 INVEST
Largest movements
- Cash +€489,576
up €489,576 (+3,094%), from €15,825 to €505,401
- Financial fixed assets -€479,189
no longer reported in 2025 (was €479,189)
- Receivables within one year +€37,630
new in 2025: €37,630
- Tangible fixed assets -€18,076
down €18,076 (-100%), from €18,076 to €0
- Reserves +€390,131
up €390,131 (+4,427%), from €8,812 to €398,943
of which Tax-exempt reserves: +€398,943
- Profit (loss) carried forward -€209,860
down €209,860, from €185,110 to -€24,750
- Other debts -€196,524
down €196,524 (-91.6%), from €214,435 to €17,911
- Provisions +€132,981
new in 2025: €132,981
- Contributions -€71,297
down €71,297 (-79.9%), from €89,242 to €17,945
- Gross operating margin +€507,683
up €507,683 (+3,024%), from €16,788 to €524,471
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €514,030 | €543,031 | +€29,001 | +5.6% |
| Fixed assets | 21/28 | €497,265 | €0 | -€497,265 | -100% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €18,076 | €0 | -€18,076 | -100% |
| Land and buildings | 22 | €18,076 | €0 | -€18,076 | -100% |
| Financial fixed assets | 28 | €479,189 | - | -€479,189 | |
| Current assets | 29/58 | €16,765 | €543,031 | +€526,266 | +3,139% |
| Amounts receivable within one year | 40/41 | - | €37,630 | +€37,630 | |
| Other amounts receivable | 41 | - | €37,630 | +€37,630 | |
| Cash at bank and in hand | 54/58 | €15,825 | €505,401 | +€489,576 | +3,094% |
| Deferred charges and accrued income | 490/1 | €940 | €0 | -€940 | -100% |
| Total equity and liabilities | 10/49 | €514,030 | €543,031 | +€29,001 | +5.6% |
| Equity | 10/15 | €283,164 | €392,139 | +€108,975 | +38.5% |
| Contributions | 10/11 | €89,242 | €17,945 | -€71,297 | -79.9% |
| Capital | 10 | €89,242 | - | -€89,242 | |
| Issued capital | 100 | €89,242 | - | -€89,242 | |
| Reserves | 13 | €8,812 | €398,943 | +€390,131 | +4,427% |
| Non-distributable reserves | 130/1 | €8,812 | - | -€8,812 | |
| Legal reserve | 130 | €8,812 | - | -€8,812 | |
| Tax-exempt reserves | 132 | - | €398,943 | +€398,943 | |
| Profit (loss) carried forward | 14 | €185,110 | -€24,750 | -€209,860 | |
| Provisions and deferred taxes | 16 | - | €132,981 | +€132,981 | |
| Deferred taxes | 168 | - | €132,981 | +€132,981 | |
| Amounts payable | 17/49 | €230,866 | €17,911 | -€212,955 | -92.2% |
| Amounts payable within one year | 42/48 | €229,332 | €17,911 | -€211,421 | -92.2% |
| Taxes, remuneration and social security | 45 | €14,897 | - | -€14,897 | |
| Taxes | 450/3 | €14,897 | - | -€14,897 | |
| Other amounts payable | 47/48 | €214,435 | €17,911 | -€196,524 | -91.6% |
| Accrued charges and deferred income | 492/3 | €1,534 | - | -€1,534 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €243 | - | -€243 | |
| Other operating charges | 640/8 | €1,809 | €535 | -€1,274 | -70.4% |
| Gross operating margin | 9900 | €16,788 | €524,471 | +€507,683 | +3,024% |
| Operating profit (loss) | 9901 | €14,736 | €523,936 | +€509,200 | +3,455% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €14,696 | €523,891 | +€509,195 | +3,465% |
| Transfer to deferred taxes | 680 | - | €132,981 | +€132,981 | |
| Income taxes | 67/77 | €11,253 | €7,956 | -€3,297 | -29.3% |
| Profit (loss) for the period | 9904 | €3,443 | €382,954 | +€379,511 | +11,023% |
| Transfer to tax-exempt reserves | 689 | - | €398,943 | +€398,943 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,443 | -€15,989 | -€19,432 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.