VYNCKO: 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.
VYNCKO
Largest movements
- Receivables within one year -€183,196
down €183,196 (-50.8%), from €360,319 to €177,123
of which Trade receivables: -€178,270
- Cash +€42,868
up €42,868 (+133.6%), from €32,089 to €74,957
mainly Receivables within one year (+€183,196) and Depreciation (+€33,185)
- Stocks and contracts -€32,152
down €32,152 (-72.9%), from €44,128 to €11,977
- Deferred charges and accrued income -€10,697
down €10,697 (-23.1%), from €46,250 to €35,553
- Trade debts -€148,442
down €148,442 (-31.1%), from €477,246 to €328,803
- Profit (loss) carried forward -€28,371
down €28,371 (-136.3%), from -€20,816 to -€49,187
- Gross operating margin +€139,723
up €139,723 (+384.9%), from €36,299 to €176,021
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 | €616,463 | €429,781 | -€186,681 | -30.3% |
| Fixed assets | 21/28 | €133,677 | €130,172 | -€3,505 | -2.6% |
| Tangible fixed assets | 22/27 | €133,677 | €130,172 | -€3,505 | -2.6% |
| Plant, machinery and equipment | 23 | €130,268 | €127,984 | -€2,283 | -1.8% |
| Furniture and vehicles | 24 | €3,409 | €2,187 | -€1,221 | -35.8% |
| Current assets | 29/58 | €482,786 | €299,610 | -€183,176 | -37.9% |
| Stocks and contracts in progress | 3 | €44,128 | €11,977 | -€32,152 | -72.9% |
| Stocks | 30/36 | €44,128 | €11,977 | -€32,152 | -72.9% |
| Amounts receivable within one year | 40/41 | €360,319 | €177,123 | -€183,196 | -50.8% |
| Trade receivables | 40 | €353,535 | €175,265 | -€178,270 | -50.4% |
| Other amounts receivable | 41 | €6,784 | €1,858 | -€4,925 | -72.6% |
| Cash at bank and in hand | 54/58 | €32,089 | €74,957 | +€42,868 | +133.6% |
| Deferred charges and accrued income | 490/1 | €46,250 | €35,553 | -€10,697 | -23.1% |
| Total equity and liabilities | 10/49 | €616,463 | €429,781 | -€186,681 | -30.3% |
| Equity | 10/15 | -€11,216 | -€39,587 | -€28,371 | -252.9% |
| Contributions | 10/11 | €7,600 | €7,600 | = | 0.0% |
| Capital | 10 | €7,600 | €7,600 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,816 | -€49,187 | -€28,371 | -136.3% |
| Amounts payable | 17/49 | €627,679 | €469,369 | -€158,310 | -25.2% |
| Amounts payable after more than one year | 17 | €5,834 | - | -€5,834 | |
| Financial debts | 170/4 | €5,834 | - | -€5,834 | |
| Amounts payable within one year | 42/48 | €612,577 | €463,369 | -€149,209 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €7,000 | €5,834 | -€1,166 | -16.7% |
| Trade debts | 44 | €477,246 | €328,803 | -€148,442 | -31.1% |
| Suppliers | 440/4 | €477,246 | €328,803 | -€148,442 | -31.1% |
| Taxes, remuneration and social security | 45 | €87 | €87 | = | 0.0% |
| Taxes | 450/3 | €87 | €87 | = | 0.0% |
| Other amounts payable | 47/48 | €128,245 | €128,645 | +€400 | +0.3% |
| Accrued charges and deferred income | 492/3 | €9,268 | €6,000 | -€3,268 | -35.3% |
| Non-recurring operating income | 76A | - | €21,182 | +€21,182 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,095 | €33,185 | +€1,090 | +3.4% |
| Other operating charges | 640/8 | €2,652 | €2,531 | -€121 | -4.6% |
| Non-recurring operating charges | 66A | - | €167,996 | +€167,996 | |
| Gross operating margin | 9900 | €36,299 | €176,021 | +€139,723 | +384.9% |
| Operating profit (loss) | 9901 | €1,551 | -€27,691 | -€29,242 | |
| Financial income | 75/76B | €10 | €173 | +€163 | +1622.7% |
| Recurring financial income | 75 | €10 | €173 | +€163 | +1622.7% |
| Financial charges | 65/66B | €761 | €853 | +€92 | +12.1% |
| Recurring financial charges | 65 | €761 | €853 | +€92 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €800 | -€28,371 | -€29,171 | |
| Profit (loss) for the period | 9904 | €800 | -€28,371 | -€29,171 | |
| Profit (loss) for the period to be appropriated | 9905 | €800 | -€28,371 | -€29,171 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.