DOKTER VUYLSTEKE: 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.
DOKTER VUYLSTEKE
Largest movements
- Tangible fixed assets -€80,267
down €80,267 (-9.8%), from €820,876 to €740,609
of which Land and buildings: -€76,514
- Receivables within one year +€21,202
new in 2025: €21,202
- Cash +€20,751
up €20,751 (+5.8%), from €360,524 to €381,275
mainly Current portion of long-term debt (+€197,365) and Depreciation (+€80,267)
- Current investments +€15,300
up €15,300 (+6.8%), from €224,532 to €239,832
- Debts after one year -€261,215
down €261,215 (-29.9%), from €874,008 to €612,793
- Current portion of long-term debt +€197,365
up €197,365 (+309%), from €63,850 to €261,215
- Reserves +€70,968
up €70,968 (+26.1%), from €271,761 to €342,730
- Trade debts -€27,162
down €27,162 (-28.8%), from €94,373 to €67,210
- Financial charges -€4,216
down €4,216 (-11.7%), from €35,954 to €31,738
- Gross operating margin -€2,899
down €2,899 (-1.2%), from €247,812 to €244,913
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 | €1,455,932 | €1,432,903 | -€23,029 | -1.6% |
| Fixed assets | 21/28 | €820,876 | €740,609 | -€80,267 | -9.8% |
| Tangible fixed assets | 22/27 | €820,876 | €740,609 | -€80,267 | -9.8% |
| Land and buildings | 22 | €812,714 | €736,200 | -€76,514 | -9.4% |
| Plant, machinery and equipment | 23 | €4,561 | €2,703 | -€1,858 | -40.7% |
| Furniture and vehicles | 24 | €3,602 | €1,706 | -€1,895 | -52.6% |
| Current assets | 29/58 | €635,056 | €692,294 | +€57,238 | +9.0% |
| Amounts receivable after more than one year | 29 | €50,000 | €46,400 | -€3,600 | -7.2% |
| Other amounts receivable | 291 | €50,000 | €46,400 | -€3,600 | -7.2% |
| Amounts receivable within one year | 40/41 | - | €21,202 | +€21,202 | |
| Other amounts receivable | 41 | - | €21,202 | +€21,202 | |
| Current investments | 50/53 | €224,532 | €239,832 | +€15,300 | +6.8% |
| Cash at bank and in hand | 54/58 | €360,524 | €381,275 | +€20,751 | +5.8% |
| Deferred charges and accrued income | 490/1 | €0 | €3,585 | +€3,585 | |
| Total equity and liabilities | 10/49 | €1,455,932 | €1,432,903 | -€23,029 | -1.6% |
| Equity | 10/15 | €347,489 | €418,457 | +€70,968 | +20.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €271,761 | €342,730 | +€70,968 | +26.1% |
| Distributable reserves | 133 | €271,761 | €342,730 | +€70,968 | +26.1% |
| Profit (loss) carried forward | 14 | €63,327 | €63,327 | = | 0.0% |
| Provisions and deferred taxes | 16 | €50,000 | €50,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €50,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,058,444 | €964,446 | -€93,997 | -8.9% |
| Amounts payable after more than one year | 17 | €874,008 | €612,793 | -€261,215 | -29.9% |
| Financial debts | 170/4 | €874,008 | €612,793 | -€261,215 | -29.9% |
| Amounts payable within one year | 42/48 | €183,516 | €351,654 | +€168,138 | +91.6% |
| Current portion of amounts payable after more than one year | 42 | €63,850 | €261,215 | +€197,365 | +309% |
| Trade debts | 44 | €94,373 | €67,210 | -€27,162 | -28.8% |
| Suppliers | 440/4 | €94,373 | €67,210 | -€27,162 | -28.8% |
| Taxes, remuneration and social security | 45 | €23,015 | €23,228 | +€214 | +0.9% |
| Taxes | 450/3 | €20,993 | €21,280 | +€287 | +1.4% |
| Remuneration and social security | 454/9 | €2,022 | €1,949 | -€73 | -3.6% |
| Other amounts payable | 47/48 | €2,279 | €0 | -€2,279 | -100% |
| Accrued charges and deferred income | 492/3 | €920 | €0 | -€920 | -100% |
| Remuneration, social security and pensions | 62 | €16,705 | €17,265 | +€560 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,387 | €80,267 | -€121 | -0.1% |
| Other operating charges | 640/8 | €8,855 | €7,830 | -€1,025 | -11.6% |
| Gross operating margin | 9900 | €247,812 | €244,913 | -€2,899 | -1.2% |
| Operating profit (loss) | 9901 | €141,864 | €139,551 | -€2,314 | -1.6% |
| Financial income | 75/76B | €2,949 | €4,220 | +€1,271 | +43.1% |
| Recurring financial income | 75 | €2,949 | €4,220 | +€1,271 | +43.1% |
| Financial charges | 65/66B | €35,954 | €31,738 | -€4,216 | -11.7% |
| Recurring financial charges | 65 | €35,954 | €31,738 | -€4,216 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €108,859 | €112,033 | +€3,174 | +2.9% |
| Income taxes | 67/77 | €40,628 | €41,065 | +€437 | +1.1% |
| Profit (loss) for the period | 9904 | €68,231 | €70,968 | +€2,737 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,231 | €70,968 | +€2,737 | +4.0% |
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 20 October 2026 via checked.be.