VynImvest: 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.
VynImvest
Largest movements
- Current investments -€489,866
down €489,866 (-48.2%), from €1.0m to €525,590
- Cash +€223,730
up €223,730 (+660%), from €33,873 to €257,603
mainly Current investments (+€489,866) and Net result for the year (+€457,977)
- Receivables within one year +€98,020
up €98,020 (+853,088%), from €11 to €98,031
- Tangible fixed assets -€67,074
down €67,074 (-5.9%), from €1.1m to €1.1m
of which Land and buildings: -€41,596
- Other debts -€656,585
down €656,585 (-99.4%), from €660,624 to €4,039
- Reserves +€450,000
up €450,000 (+55.3%), from €813,360 to €1.3m
of which Distributable reserves: +€450,000
- Debts after one year -€79,833
down €79,833 (-13.6%), from €585,637 to €505,804
- Tax, wage and social debts +€44,279
up €44,279 (+128%), from €34,556 to €78,835
of which Taxes: +€44,279
- Financial income +€351,474
up €351,474 (+15,824%), from €2,221 to €353,695
- Turnover +€280,000
new in 2025: €280,000
- Purchases and services +€110,923
new in 2025: €110,923
- Gross operating margin +€79,264
up €79,264 (+32.9%), from €240,922 to €320,186
- Taxes +€57,473
up €57,473 (+150%), from €38,435 to €95,907
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 | €2,251,142 | €2,013,632 | -€237,510 | -10.6% |
| Fixed assets | 21/28 | €1,195,444 | €1,128,370 | -€67,074 | -5.6% |
| Tangible fixed assets | 22/27 | €1,145,944 | €1,078,870 | -€67,074 | -5.9% |
| Land and buildings | 22 | €851,719 | €810,123 | -€41,596 | -4.9% |
| Furniture and vehicles | 24 | €21,016 | €9,784 | -€11,232 | -53.4% |
| Assets under construction and advance payments | 27 | €273,210 | €258,963 | -€14,247 | -5.2% |
| Financial fixed assets | 28 | €49,500 | €49,500 | = | 0.0% |
| Current assets | 29/58 | €1,055,697 | €885,261 | -€170,436 | -16.1% |
| Amounts receivable within one year | 40/41 | €11 | €98,031 | +€98,020 | +853,088% |
| Other amounts receivable | 41 | €11 | €98,031 | +€98,020 | +853,088% |
| Current investments | 50/53 | €1,015,455 | €525,590 | -€489,866 | -48.2% |
| Cash at bank and in hand | 54/58 | €33,873 | €257,603 | +€223,730 | +660% |
| Deferred charges and accrued income | 490/1 | €6,358 | €4,038 | -€2,320 | -36.5% |
| Total equity and liabilities | 10/49 | €2,251,142 | €2,013,632 | -€237,510 | -10.6% |
| Equity | 10/15 | €866,530 | €1,324,507 | +€457,977 | +52.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €813,360 | €1,263,360 | +€450,000 | +55.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €811,500 | €1,261,500 | +€450,000 | +55.5% |
| Profit (loss) carried forward | 14 | €46,970 | €54,947 | +€7,977 | +17.0% |
| Amounts payable | 17/49 | €1,384,612 | €689,125 | -€695,487 | -50.2% |
| Amounts payable after more than one year | 17 | €585,637 | €505,804 | -€79,833 | -13.6% |
| Financial debts | 170/4 | €585,637 | €505,804 | -€79,833 | -13.6% |
| Amounts payable within one year | 42/48 | €798,975 | €183,321 | -€615,654 | -77.1% |
| Current portion of amounts payable after more than one year | 42 | €85,416 | €84,833 | -€583 | -0.7% |
| Trade debts | 44 | €18,379 | €15,614 | -€2,765 | -15.0% |
| Suppliers | 440/4 | €18,379 | €15,614 | -€2,765 | -15.0% |
| Taxes, remuneration and social security | 45 | €34,556 | €78,835 | +€44,279 | +128% |
| Taxes | 450/3 | €31,806 | €76,085 | +€44,279 | +139% |
| Remuneration and social security | 454/9 | €2,750 | €2,750 | = | 0.0% |
| Other amounts payable | 47/48 | €660,624 | €4,039 | -€656,585 | -99.4% |
| Turnover | 70 | - | €280,000 | +€280,000 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €110,923 | +€110,923 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,664 | €72,093 | -€2,571 | -3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,700 | +€11,700 | |
| Other operating charges | 640/8 | €10,943 | €12,373 | +€1,431 | +13.1% |
| Gross operating margin | 9900 | €240,922 | €320,186 | +€79,264 | +32.9% |
| Operating profit (loss) | 9901 | €155,315 | €224,019 | +€68,704 | +44.2% |
| Financial income | 75/76B | €2,221 | €353,695 | +€351,474 | +15,824% |
| Recurring financial income | 75 | €2,221 | €353,695 | +€351,474 | +15,824% |
| Financial charges | 65/66B | €21,830 | €23,830 | +€2,000 | +9.2% |
| Recurring financial charges | 65 | €21,830 | €23,830 | +€2,000 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €135,706 | €553,884 | +€418,178 | +308% |
| Income taxes | 67/77 | €38,435 | €95,907 | +€57,473 | +150% |
| Profit (loss) for the period | 9904 | €97,271 | €457,977 | +€360,706 | +371% |
| Profit (loss) for the period to be appropriated | 9905 | €97,271 | €457,977 | +€360,706 | +371% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.