VYNCKE & PARTNERS: 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.
VYNCKE & PARTNERS
Largest movements
- Cash +€17,392
up €17,392 (+235.7%), from €7,380 to €24,773
mainly Depreciation (+€15,264) and Net result for the year (+€14,764)
- Tangible fixed assets -€9,494
down €9,494 (-3.8%), from €248,622 to €239,128
of which Land and buildings: -€12,512
- Receivables within one year -€7,264
down €7,264 (-46.2%), from €15,707 to €8,444
of which Other amounts receivable: -€7,866
- Reserves +€14,254
up €14,254 (+132.6%), from €10,750 to €25,004
of which Distributable reserves: +€14,254
- Current portion of long-term debt -€13,104
down €13,104 (-91.5%), from €14,323 to €1,219
- Gross operating margin +€11,258
up €11,258 (+42.7%), from €26,384 to €37,642
- Taxes +€2,085
up €2,085 (+101.2%), from €2,061 to €4,147
- Other operating charges -€843
down €843 (-22.8%), from €3,698 to €2,855
- Financial charges -€471
down €471 (-43.5%), from €1,083 to €612
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 | €273,018 | €273,635 | +€617 | +0.2% |
| Fixed assets | 21/28 | €248,622 | €239,128 | -€9,494 | -3.8% |
| Tangible fixed assets | 22/27 | €248,622 | €239,128 | -€9,494 | -3.8% |
| Land and buildings | 22 | €246,052 | €233,540 | -€12,512 | -5.1% |
| Plant, machinery and equipment | 23 | - | €2,460 | +€2,460 | |
| Furniture and vehicles | 24 | €1,054 | €1,612 | +€558 | +52.9% |
| Other tangible fixed assets | 26 | €1,516 | €1,516 | = | 0.0% |
| Current assets | 29/58 | €24,396 | €34,507 | +€10,111 | +41.4% |
| Amounts receivable within one year | 40/41 | €15,707 | €8,444 | -€7,264 | -46.2% |
| Trade receivables | 40 | €6,988 | €7,590 | +€602 | +8.6% |
| Other amounts receivable | 41 | €8,719 | €853 | -€7,866 | -90.2% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,380 | €24,773 | +€17,392 | +235.7% |
| Deferred charges and accrued income | 490/1 | €1,058 | €1,041 | -€17 | -1.6% |
| Total equity and liabilities | 10/49 | €273,018 | €273,635 | +€617 | +0.2% |
| Equity | 10/15 | €31,240 | €46,004 | +€14,764 | +47.3% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €10,750 | €25,004 | +€14,254 | +132.6% |
| Tax-exempt reserves | 132 | €197 | €197 | = | 0.0% |
| Distributable reserves | 133 | €10,553 | €24,807 | +€14,254 | +135.1% |
| Profit (loss) carried forward | 14 | -€510 | - | +€510 | |
| Amounts payable | 17/49 | €241,778 | €227,631 | -€14,147 | -5.9% |
| Amounts payable after more than one year | 17 | €198,222 | €197,003 | -€1,219 | -0.6% |
| Financial debts | 170/4 | €198,222 | €197,003 | -€1,219 | -0.6% |
| Amounts payable within one year | 42/48 | €43,556 | €30,628 | -€12,928 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €14,323 | €1,219 | -€13,104 | -91.5% |
| Trade debts | 44 | €1,915 | €2,621 | +€705 | +36.8% |
| Suppliers | 440/4 | €1,915 | €2,621 | +€705 | +36.8% |
| Taxes, remuneration and social security | 45 | €1,100 | €1,345 | +€245 | +22.3% |
| Taxes | 450/3 | - | €285 | +€285 | |
| Remuneration and social security | 454/9 | €1,100 | €1,060 | -€40 | -3.6% |
| Other amounts payable | 47/48 | €26,217 | €25,443 | -€774 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,919 | €15,264 | +€345 | +2.3% |
| Other operating charges | 640/8 | €3,698 | €2,855 | -€843 | -22.8% |
| Gross operating margin | 9900 | €26,384 | €37,642 | +€11,258 | +42.7% |
| Operating profit (loss) | 9901 | €7,766 | €19,522 | +€11,757 | +151.4% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €1,083 | €612 | -€471 | -43.5% |
| Recurring financial charges | 65 | €1,083 | €612 | -€471 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €6,693 | €18,911 | +€12,218 | +182.6% |
| Income taxes | 67/77 | €2,061 | €4,147 | +€2,085 | +101.2% |
| Profit (loss) for the period | 9904 | €4,631 | €14,764 | +€10,132 | +218.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,631 | €14,764 | +€10,132 | +218.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.