VYNCKIER FREDERIC: 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.
VYNCKIER FREDERIC
Largest movements
- Tangible fixed assets +€75,488
up €75,488 (+312%), from €24,223 to €99,711
of which Leasing and similar rights: +€81,269
- Receivables within one year +€20,512
up €20,512 (+275%), from €7,450 to €27,961
of which Trade receivables: +€21,779
- Cash -€5,222
down €5,222 (-58.2%), from €8,968 to €3,746
mainly Investment in fixed assets (net) (-€98,325) and Receivables within one year (-€20,512)
- Debts after one year +€65,488
new in 2025: €65,488
- Current portion of long-term debt +€14,525
up €14,525 (+545%), from €2,666 to €17,192
- Trade debts +€14,352
up €14,352 (+529%), from €2,714 to €17,067
- Other debts -€5,577
down €5,577 (-10.3%), from €54,030 to €48,453
- Depreciation +€6,002
up €6,002 (+35.7%), from €16,834 to €22,836
- Financial charges +€4,158
up €4,158 (+545%), from €762 to €4,920
- Other operating charges -€569
down €569 (-33.6%), from €1,694 to €1,125
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 | €42,324 | €131,948 | +€89,623 | +212% |
| Fixed assets | 21/28 | €24,358 | €99,846 | +€75,488 | +310% |
| Tangible fixed assets | 22/27 | €24,223 | €99,711 | +€75,488 | +312% |
| Land and buildings | 22 | €10,755 | €8,041 | -€2,714 | -25.2% |
| Plant, machinery and equipment | 23 | €10,886 | €9,107 | -€1,779 | -16.3% |
| Furniture and vehicles | 24 | €2,582 | €1,295 | -€1,288 | -49.9% |
| Leasing and similar rights | 25 | - | €81,269 | +€81,269 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €17,966 | €32,101 | +€14,135 | +78.7% |
| Amounts receivable within one year | 40/41 | €7,450 | €27,961 | +€20,512 | +275% |
| Trade receivables | 40 | €4,238 | €26,017 | +€21,779 | +514% |
| Other amounts receivable | 41 | €3,212 | €1,944 | -€1,267 | -39.5% |
| Cash at bank and in hand | 54/58 | €8,968 | €3,746 | -€5,222 | -58.2% |
| Deferred charges and accrued income | 490/1 | €1,549 | €394 | -€1,155 | -74.6% |
| Total equity and liabilities | 10/49 | €42,324 | €131,948 | +€89,623 | +212% |
| Equity | 10/15 | -€17,086 | -€16,276 | +€810 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,543 | €10,543 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,683 | €8,683 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,229 | -€45,419 | +€810 | +1.8% |
| Amounts payable | 17/49 | €59,410 | €148,224 | +€88,813 | +149% |
| Amounts payable after more than one year | 17 | - | €65,488 | +€65,488 | |
| Financial debts | 170/4 | - | €65,488 | +€65,488 | |
| Amounts payable within one year | 42/48 | €59,410 | €82,736 | +€23,326 | +39.3% |
| Current portion of amounts payable after more than one year | 42 | €2,666 | €17,192 | +€14,525 | +545% |
| Trade debts | 44 | €2,714 | €17,067 | +€14,352 | +529% |
| Suppliers | 440/4 | €2,714 | €17,067 | +€14,352 | +529% |
| Taxes, remuneration and social security | 45 | - | €25 | +€25 | |
| Taxes | 450/3 | - | €25 | +€25 | |
| Other amounts payable | 47/48 | €54,030 | €48,453 | -€5,577 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,834 | €22,836 | +€6,002 | +35.7% |
| Other operating charges | 640/8 | €1,694 | €1,125 | -€569 | -33.6% |
| Gross operating margin | 9900 | €29,597 | €29,692 | +€94 | +0.3% |
| Operating profit (loss) | 9901 | €11,069 | €5,730 | -€5,339 | -48.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €762 | €4,920 | +€4,158 | +545% |
| Recurring financial charges | 65 | €762 | €4,920 | +€4,158 | +545% |
| Profit (loss) for the period before taxes | 9903 | €10,307 | €810 | -€9,497 | -92.1% |
| Profit (loss) for the period | 9904 | €10,307 | €810 | -€9,497 | -92.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,307 | €810 | -€9,497 | -92.1% |
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 15 October 2026 via checked.be.