VUCHELEN: 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.
VUCHELEN
Largest movements
- Tangible fixed assets +€36,282
new in 2025: €36,282
- Cash -€12,557
down €12,557 (-49.7%), from €25,245 to €12,688
mainly Investment in fixed assets (net) (-€44,463) and Tax, wage and social debts (-€4,370)
- Deferred charges and accrued income +€1,384
new in 2025: €1,384
- Receivables within one year +€1,008
new in 2025: €1,008
- Debts after one year +€29,081
new in 2025: €29,081
- Tax, wage and social debts -€4,370
down €4,370 (-50.4%), from €8,668 to €4,297
- Reserves +€1,202
up €1,202 (+9.1%), from €13,215 to €14,417
- Accrued charges and deferred income +€1,127
new in 2025: €1,127
- Other debts -€985
down €985 (-100%), from €985 to €0
- Depreciation +€8,181
new in 2025: €8,181
- Gross operating margin -€7,687
down €7,687 (-39.6%), from €19,423 to €11,735
- Taxes -€4,309
down €4,309 (-86.5%), from €4,984 to €675
- Financial charges +€1,231
up €1,231 (+1,721%), from €72 to €1,303
- Other operating charges -€631
down €631 (-54.8%), from €1,152 to €521
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 | €25,245 | €51,363 | +€26,118 | +103% |
| Fixed assets | 21/28 | - | €36,282 | +€36,282 | |
| Tangible fixed assets | 22/27 | - | €36,282 | +€36,282 | |
| Furniture and vehicles | 24 | - | €36,282 | +€36,282 | |
| Current assets | 29/58 | €25,245 | €15,081 | -€10,164 | -40.3% |
| Amounts receivable within one year | 40/41 | - | €1,008 | +€1,008 | |
| Other amounts receivable | 41 | - | €1,008 | +€1,008 | |
| Cash at bank and in hand | 54/58 | €25,245 | €12,688 | -€12,557 | -49.7% |
| Deferred charges and accrued income | 490/1 | - | €1,384 | +€1,384 | |
| Total equity and liabilities | 10/49 | €25,245 | €51,363 | +€26,118 | +103% |
| Equity | 10/15 | €15,215 | €16,417 | +€1,202 | +7.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €13,215 | €14,417 | +€1,202 | +9.1% |
| Distributable reserves | 133 | €13,215 | €14,417 | +€1,202 | +9.1% |
| Amounts payable | 17/49 | €10,030 | €34,946 | +€24,915 | +248% |
| Amounts payable after more than one year | 17 | - | €29,081 | +€29,081 | |
| Financial debts | 170/4 | - | €29,081 | +€29,081 | |
| Amounts payable within one year | 42/48 | €10,030 | €4,737 | -€5,293 | -52.8% |
| Trade debts | 44 | €378 | €440 | +€62 | +16.5% |
| Suppliers | 440/4 | €378 | €440 | +€62 | +16.5% |
| Taxes, remuneration and social security | 45 | €8,668 | €4,297 | -€4,370 | -50.4% |
| Taxes | 450/3 | €8,668 | €4,297 | -€4,370 | -50.4% |
| Other amounts payable | 47/48 | €985 | €0 | -€985 | -100% |
| Accrued charges and deferred income | 492/3 | - | €1,127 | +€1,127 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,181 | +€8,181 | |
| Other operating charges | 640/8 | €1,152 | €521 | -€631 | -54.8% |
| Gross operating margin | 9900 | €19,423 | €11,735 | -€7,687 | -39.6% |
| Operating profit (loss) | 9901 | €18,270 | €3,033 | -€15,237 | -83.4% |
| Financial income | 75/76B | - | €147 | +€147 | |
| Recurring financial income | 75 | - | €147 | +€147 | |
| Financial charges | 65/66B | €72 | €1,303 | +€1,231 | +1,721% |
| Recurring financial charges | 65 | €72 | €1,303 | +€1,231 | +1,721% |
| Profit (loss) for the period before taxes | 9903 | €18,199 | €1,877 | -€16,321 | -89.7% |
| Income taxes | 67/77 | €4,984 | €675 | -€4,309 | -86.5% |
| Profit (loss) for the period | 9904 | €13,215 | €1,202 | -€12,013 | -90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,215 | €1,202 | -€12,013 | -90.9% |
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 26 October 2026 via checked.be.