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.
What changed
VUYLSTEKE
NACE 49.410, Freight transport by road
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€27,061
2024 · -€10,482+€37,542
Equity
€7.1m
2024 · €7.0m+€27,061
Cash
€234,971
2024 · €484,946-€249,974
Balance sheet total
€24.6m
2024 · €24.5m+€124,366
Largest movements
Assets
- Receivables within one year +€506,400
up €506,400 (+5.3%), from €9.5m to €10.0m
of which Other amounts receivable: +€565,924
- Cash -€249,974
down €249,974 (-51.5%), from €484,946 to €234,971
mainly Investment in fixed assets (net) (-€3.4m) and Receivables within one year (-€506,400)
Equity and liabilities
- Tax, wage and social debts -€504,326
down €504,326 (-27.7%), from €1.8m to €1.3m
of which Remuneration and social security: -€323,254
- Trade debts +€349,851
up €349,851 (+20.4%), from €1.7m to €2.1m
- Debts after one year +€257,449
up €257,449 (+3.2%), from €8.1m to €8.4m
Income statement
- Turnover +€1.0m
up €1.0m (+4.3%), from €24.3m to €25.3m
- Staff costs +€825,609
up €825,609 (+8.7%), from €9.5m to €10.3m
- Goods and materials -€340,468
down €340,468 (-5.1%), from €6.7m to €6.4m
- Other operating charges +€323,166
up €323,166 (+147%), from €220,285 to €543,452
- Other operating income +€253,662
up €253,662 (+18.7%), from €1.4m to €1.6m
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.
Result 2024
-€10,482
Turnover
+€1.0m
Other operating income
+€253,662
Goods and materials
+€340,468
Services and other goods
-€42,250
Staff costs
-€825,609
Depreciation
-€168,010
Other operating charges
-€323,166
Other operating items
-€87,734
Financial income
-€149,223
Financial charges
-€25,345
Taxes
+€18,874
Deferred taxes and other
-€19
Result 2025
€27,061
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.9m
Investment
-€3.3m
Financing
+€183,071
Cash 2024
€484,946
From operations (derived)
+€2.9m
Net result for the year
+€27,061
Depreciation
+€3.5m
Smaller working-capital items
-€11,005
Receivables within one year
-€506,400
Deferred charges and accrued income
-€83,656
Trade debts
+€349,851
Tax, wage and social debts
-€504,326
Other debts
-€30,750
Accrued charges and deferred income
+€103,340
Investment (derived)
-€3.3m
Investment in fixed assets (net)
-€3.4m
Current investments
+€71,520
Financing
+€183,071
Debts after one year
+€257,449
Current portion of long-term debt
-€82,643
Short-term financial debts
+€8,266
Cash 2025
€234,971
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,501,246 | €24,625,613 | +€124,366 | +0.5% |
| Fixed assets | 21/28 | €13,458,425 | €13,307,104 | -€151,320 | -1.1% |
| Intangible fixed assets | 21 | €144,603 | €137,781 | -€6,822 | -4.7% |
| Tangible fixed assets | 22/27 | €13,207,548 | €13,063,050 | -€144,499 | -1.1% |
| Land and buildings | 22 | €3,860,982 | €3,746,602 | -€114,381 | -3.0% |
| Plant, machinery and equipment | 23 | €55,694 | €84,195 | +€28,500 | +51.2% |
| Furniture and vehicles | 24 | €550,651 | €647,054 | +€96,403 | +17.5% |
| Leasing and similar rights | 25 | €8,478,552 | €8,329,055 | -€149,497 | -1.8% |
| Other tangible fixed assets | 26 | €257,669 | €252,144 | -€5,525 | -2.1% |
| Assets under construction and advance payments | 27 | €4,000 | €4,000 | = | 0.0% |
| Financial fixed assets | 28 | €106,274 | €106,274 | = | 0.0% |
| Affiliated companies | 280/1 | €105,251 | €105,251 | = | 0.0% |
| Participating interests | 280 | €105,251 | €105,251 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,023 | €1,023 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,023 | €1,023 | = | 0.0% |
| Current assets | 29/58 | €11,042,822 | €11,318,508 | +€275,687 | +2.5% |
| Stocks and contracts in progress | 3 | €478,577 | €485,701 | +€7,124 | +1.5% |
| Stocks | 30/36 | €478,577 | €485,701 | +€7,124 | +1.5% |
| Raw materials and consumables | 30/31 | €478,577 | €485,701 | +€7,124 | +1.5% |
| Amounts receivable within one year | 40/41 | €9,531,743 | €10,038,143 | +€506,400 | +5.3% |
| Trade receivables | 40 | €8,428,450 | €8,368,926 | -€59,524 | -0.7% |
| Other amounts receivable | 41 | €1,103,292 | €1,669,217 | +€565,924 | +51.3% |
| Current investments | 50/53 | €500,000 | €428,480 | -€71,520 | -14.3% |
| Other investments | 51/53 | €500,000 | €428,480 | -€71,520 | -14.3% |
| Cash at bank and in hand | 54/58 | €484,946 | €234,971 | -€249,974 | -51.5% |
| Deferred charges and accrued income | 490/1 | €47,556 | €131,213 | +€83,656 | +176% |
| Total equity and liabilities | 10/49 | €24,501,246 | €24,625,613 | +€124,366 | +0.5% |
| Equity | 10/15 | €7,043,111 | €7,070,171 | +€27,061 | +0.4% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Revaluation surpluses | 12 | €419,419 | €419,419 | = | 0.0% |
| Reserves | 13 | €6,023,692 | €6,050,753 | +€27,061 | +0.4% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €60,000 | €60,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,338,374 | €2,326,719 | -€11,655 | -0.5% |
| Distributable reserves | 133 | €3,625,318 | €3,664,033 | +€38,715 | +1.1% |
| Provisions and deferred taxes | 16 | €47,954 | €44,073 | -€3,881 | -8.1% |
| Deferred taxes | 168 | €47,954 | €44,073 | -€3,881 | -8.1% |
| Amounts payable | 17/49 | €17,410,181 | €17,511,368 | +€101,187 | +0.6% |
| Amounts payable after more than one year | 17 | €8,106,913 | €8,364,362 | +€257,449 | +3.2% |
| Financial debts | 170/4 | €8,106,913 | €8,364,362 | +€257,449 | +3.2% |
| Leasing and similar obligations | 172 | €6,145,658 | €6,613,034 | +€467,376 | +7.6% |
| Credit institutions | 173 | €1,961,255 | €1,751,328 | -€209,927 | -10.7% |
| Amounts payable within one year | 42/48 | €9,290,968 | €9,031,366 | -€259,602 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €2,581,427 | €2,498,784 | -€82,643 | -3.2% |
| Financial debts | 43 | €3,071,467 | €3,079,733 | +€8,266 | +0.3% |
| Credit institutions | 430/8 | €3,071,467 | €3,079,733 | +€8,266 | +0.3% |
| Trade debts | 44 | €1,711,883 | €2,061,734 | +€349,851 | +20.4% |
| Suppliers | 440/4 | €1,711,883 | €2,061,734 | +€349,851 | +20.4% |
| Taxes, remuneration and social security | 45 | €1,818,152 | €1,313,827 | -€504,326 | -27.7% |
| Taxes | 450/3 | €292,588 | €111,517 | -€181,072 | -61.9% |
| Remuneration and social security | 454/9 | €1,525,564 | €1,202,310 | -€323,254 | -21.2% |
| Other amounts payable | 47/48 | €108,038 | €77,288 | -€30,750 | -28.5% |
| Accrued charges and deferred income | 492/3 | €12,300 | €115,640 | +€103,340 | +840% |
| Operating income | 70/76A | €25,652,766 | €26,952,321 | +€1.3m | +5.1% |
| Turnover | 70 | €24,299,674 | €25,345,567 | +€1.0m | +4.3% |
| Other operating income | 74 | €1,353,092 | €1,606,754 | +€253,662 | +18.7% |
| Operating charges | 60/66A | €25,244,775 | €26,351,075 | +€1.1m | +4.4% |
| Goods for resale, raw materials and consumables | 60 | €6,694,337 | €6,353,869 | -€340,468 | -5.1% |
| Purchases | 600/8 | €6,694,337 | €6,353,869 | -€340,468 | -5.1% |
| Services and other goods | 61 | €5,453,301 | €5,495,550 | +€42,250 | +0.8% |
| Remuneration, social security and pensions | 62 | €9,521,209 | €10,346,818 | +€825,609 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,355,643 | €3,523,653 | +€168,010 | +5.0% |
| Other operating charges | 640/8 | €220,285 | €543,452 | +€323,166 | +147% |
| Non-recurring operating charges | 66A | - | €87,734 | +€87,734 | |
| Operating profit (loss) | 9901 | €407,991 | €601,246 | +€193,255 | +47.4% |
| Financial income | 75/76B | €165,930 | €16,708 | -€149,223 | -89.9% |
| Recurring financial income | 75 | €165,930 | €16,708 | -€149,223 | -89.9% |
| Income from financial fixed assets | 750 | - | €2,291 | +€2,291 | |
| Other financial income | 752/9 | €165,930 | €14,416 | -€151,514 | -91.3% |
| Financial charges | 65/66B | €568,789 | €594,134 | +€25,345 | +4.5% |
| Recurring financial charges | 65 | €568,789 | €594,134 | +€25,345 | +4.5% |
| Debt charges | 650 | €525,649 | €501,232 | -€24,417 | -4.6% |
| Other financial charges | 652/9 | €43,139 | €92,901 | +€49,762 | +115% |
| Profit (loss) for the period before taxes | 9903 | €5,132 | €23,820 | +€18,688 | +364% |
| Transfer from deferred taxes | 780 | €3,900 | €3,881 | -€19 | -0.5% |
| Income taxes | 67/77 | €19,514 | €641 | -€18,874 | -96.7% |
| Taxes | 670/3 | €19,514 | €641 | -€18,874 | -96.7% |
| Profit (loss) for the period | 9904 | -€10,482 | €27,061 | +€37,542 | |
| Transfer from tax-exempt reserves | 789 | €11,711 | €11,655 | -€57 | -0.5% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,229 | €38,715 | +€37,486 | +3,049% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.