VUYCO: 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.
VUYCO
Largest movements
- Cash +€337,871
up €337,871 (+864%), from €39,105 to €376,976
mainly Current investments (+€235,000) and Accrued charges and deferred income (+€160,779)
- Current investments -€235,000
down €235,000 (-86.9%), from €270,339 to €35,339
- Tangible fixed assets -€17,742
down €17,742 (-8.7%), from €203,631 to €185,888
of which Furniture and vehicles: -€14,229
- Accrued charges and deferred income +€160,779
up €160,779 (+18,717%), from €859 to €161,638
- Profit (loss) carried forward -€70,517
no longer reported in 2025 (was €70,517)
- Debts after one year -€10,630
down €10,630 (-18.5%), from €57,359 to €46,730
- Gross operating margin +€15,699
up €15,699 (+14.2%), from €110,870 to €126,569
- Financial income +€6,005
up €6,005 (+188%), from €3,195 to €9,200
- Taxes +€5,481
up €5,481 (+29.3%), from €18,708 to €24,188
- Write-downs -€2,066
new in 2025: -€2,066
- Other operating charges -€1,841
down €1,841 (-69.3%), from €2,657 to €816
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 | €538,033 | €621,436 | +€83,402 | +15.5% |
| Fixed assets | 21/28 | €203,631 | €185,888 | -€17,742 | -8.7% |
| Tangible fixed assets | 22/27 | €203,631 | €185,888 | -€17,742 | -8.7% |
| Land and buildings | 22 | €146,085 | €143,040 | -€3,045 | -2.1% |
| Plant, machinery and equipment | 23 | €1,713 | €1,515 | -€198 | -11.6% |
| Furniture and vehicles | 24 | €54,749 | €40,521 | -€14,229 | -26.0% |
| Other tangible fixed assets | 26 | €1,083 | €812 | -€271 | -25.0% |
| Current assets | 29/58 | €334,403 | €435,547 | +€101,145 | +30.2% |
| Amounts receivable within one year | 40/41 | €24,926 | €23,232 | -€1,694 | -6.8% |
| Trade receivables | 40 | €21,495 | €23,232 | +€1,737 | +8.1% |
| Other amounts receivable | 41 | €3,431 | - | -€3,431 | |
| Current investments | 50/53 | €270,339 | €35,339 | -€235,000 | -86.9% |
| Cash at bank and in hand | 54/58 | €39,105 | €376,976 | +€337,871 | +864% |
| Deferred charges and accrued income | 490/1 | €33 | - | -€33 | |
| Total equity and liabilities | 10/49 | €538,033 | €621,436 | +€83,402 | +15.5% |
| Equity | 10/15 | €226,102 | €155,585 | -€70,517 | -31.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €136,985 | €136,985 | = | 0.0% |
| Tax-exempt reserves | 132 | €310 | €310 | = | 0.0% |
| Distributable reserves | 133 | €136,676 | €136,676 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,517 | - | -€70,517 | |
| Amounts payable | 17/49 | €311,931 | €465,850 | +€153,919 | +49.3% |
| Amounts payable after more than one year | 17 | €57,359 | €46,730 | -€10,630 | -18.5% |
| Financial debts | 170/4 | €57,359 | €46,730 | -€10,630 | -18.5% |
| Amounts payable within one year | 42/48 | €253,713 | €257,482 | +€3,769 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €10,171 | €10,630 | +€459 | +4.5% |
| Trade debts | 44 | €1,815 | €1,581 | -€234 | -12.9% |
| Suppliers | 440/4 | €1,815 | €1,581 | -€234 | -12.9% |
| Taxes, remuneration and social security | 45 | €8,531 | €11,094 | +€2,564 | +30.1% |
| Taxes | 450/3 | €8,531 | €11,094 | +€2,564 | +30.1% |
| Other amounts payable | 47/48 | €233,196 | €234,178 | +€981 | +0.4% |
| Accrued charges and deferred income | 492/3 | €859 | €161,638 | +€160,779 | +18,717% |
| Non-recurring operating income | 76A | - | €1,806 | +€1,806 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,909 | €18,723 | -€186 | -1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,066 | -€2,066 | |
| Other operating charges | 640/8 | €2,657 | €816 | -€1,841 | -69.3% |
| Non-recurring operating charges | 66A | - | €147 | +€147 | |
| Gross operating margin | 9900 | €110,870 | €126,569 | +€15,699 | +14.2% |
| Operating profit (loss) | 9901 | €89,304 | €108,948 | +€19,645 | +22.0% |
| Financial income | 75/76B | €3,195 | €9,200 | +€6,005 | +188% |
| Recurring financial income | 75 | €3,195 | €9,200 | +€6,005 | +188% |
| Financial charges | 65/66B | €3,274 | €2,839 | -€436 | -13.3% |
| Recurring financial charges | 65 | €3,274 | €2,839 | -€436 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €89,224 | €115,310 | +€26,085 | +29.2% |
| Income taxes | 67/77 | €18,708 | €24,188 | +€5,481 | +29.3% |
| Profit (loss) for the period | 9904 | €70,517 | €91,121 | +€20,605 | +29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €70,517 | €91,121 | +€20,605 | +29.2% |
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 21 October 2026 via checked.be.