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.
VUYLSTEKE
Largest movements
- Cash +€88,974
up €88,974 (+34.2%), from €260,085 to €349,059
mainly Net result for the year (+€97,981) and Depreciation (+€45,119)
- Current investments +€50,870
up €50,870 (+25.4%), from €200,000 to €250,870
- Tangible fixed assets -€44,718
down €44,718 (-5.3%), from €837,148 to €792,429
of which Plant, machinery and equipment: -€25,593
- Reserves +€97,981
up €97,981 (+13.7%), from €714,089 to €812,070
of which Distributable reserves: +€97,981
- Other debts -€24,427
down €24,427 (-53.2%), from €45,931 to €21,504
- Trade debts +€23,900
up €23,900 (+12,178%), from €196 to €24,096
- Gross operating margin +€43,247
up €43,247 (+29.2%), from €148,030 to €191,277
- Taxes +€16,679
up €16,679 (+67.1%), from €24,840 to €41,519
- Financial income +€3,705
up €3,705 (+3,807%), from €97 to €3,802
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 | €1,317,371 | €1,407,135 | +€89,765 | +6.8% |
| Fixed assets | 21/28 | €837,148 | €792,429 | -€44,718 | -5.3% |
| Tangible fixed assets | 22/27 | €837,148 | €792,429 | -€44,718 | -5.3% |
| Land and buildings | 22 | €678,253 | €659,673 | -€18,580 | -2.7% |
| Plant, machinery and equipment | 23 | €157,565 | €131,971 | -€25,593 | -16.2% |
| Furniture and vehicles | 24 | €1,330 | €784 | -€545 | -41.0% |
| Current assets | 29/58 | €480,223 | €614,706 | +€134,483 | +28.0% |
| Stocks and contracts in progress | 3 | €2,937 | €5,652 | +€2,715 | +92.5% |
| Stocks | 30/36 | €2,937 | €5,652 | +€2,715 | +92.5% |
| Amounts receivable within one year | 40/41 | €15,018 | €5,724 | -€9,294 | -61.9% |
| Trade receivables | 40 | €15,018 | €5,688 | -€9,330 | -62.1% |
| Other amounts receivable | 41 | €0 | €36 | +€36 | |
| Current investments | 50/53 | €200,000 | €250,870 | +€50,870 | +25.4% |
| Cash at bank and in hand | 54/58 | €260,085 | €349,059 | +€88,974 | +34.2% |
| Deferred charges and accrued income | 490/1 | €2,184 | €3,402 | +€1,218 | +55.8% |
| Total equity and liabilities | 10/49 | €1,317,371 | €1,407,135 | +€89,765 | +6.8% |
| Equity | 10/15 | €1,229,965 | €1,327,946 | +€97,981 | +8.0% |
| Contributions | 10/11 | €515,876 | €515,876 | = | 0.0% |
| Reserves | 13 | €714,089 | €812,070 | +€97,981 | +13.7% |
| Non-distributable reserves | 130/1 | €34,896 | €34,896 | = | 0.0% |
| Reserves not available under the articles | 1311 | €34,896 | €34,896 | = | 0.0% |
| Distributable reserves | 133 | €679,193 | €777,175 | +€97,981 | +14.4% |
| Amounts payable | 17/49 | €87,406 | €79,189 | -€8,217 | -9.4% |
| Amounts payable within one year | 42/48 | €77,157 | €63,757 | -€13,399 | -17.4% |
| Trade debts | 44 | €196 | €24,096 | +€23,900 | +12,178% |
| Suppliers | 440/4 | €196 | €24,096 | +€23,900 | +12,178% |
| Taxes, remuneration and social security | 45 | €31,029 | €18,157 | -€12,872 | -41.5% |
| Taxes | 450/3 | €31,029 | €18,157 | -€12,872 | -41.5% |
| Other amounts payable | 47/48 | €45,931 | €21,504 | -€24,427 | -53.2% |
| Accrued charges and deferred income | 492/3 | €10,249 | €15,432 | +€5,183 | +50.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,047 | €45,119 | +€72 | +0.2% |
| Other operating charges | 640/8 | €9,134 | €9,314 | +€180 | +2.0% |
| Gross operating margin | 9900 | €148,030 | €191,277 | +€43,247 | +29.2% |
| Operating profit (loss) | 9901 | €93,849 | €136,844 | +€42,995 | +45.8% |
| Financial income | 75/76B | €97 | €3,802 | +€3,705 | +3,807% |
| Recurring financial income | 75 | €97 | €3,802 | +€3,705 | +3,807% |
| Financial charges | 65/66B | €216 | €1,146 | +€930 | +430% |
| Recurring financial charges | 65 | €216 | €1,146 | +€930 | +430% |
| Profit (loss) for the period before taxes | 9903 | €93,730 | €139,500 | +€45,770 | +48.8% |
| Income taxes | 67/77 | €24,840 | €41,519 | +€16,679 | +67.1% |
| Profit (loss) for the period | 9904 | €68,890 | €97,981 | +€29,091 | +42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,890 | €97,981 | +€29,091 | +42.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.