Vuylsteke & Bunkens: 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 & Bunkens
NACE 69.102, Activities of notaries
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€340,228
2024 · €357,473-€17,245
Equity
€25,948
2024 · €25,720+€228
Cash
€4.1m
2024 · €5.8m-€1.7m
Balance sheet total
€4.8m
2024 · €6.7m-€1.9m
Largest movements
Assets
- Cash -€1.7m
down €1.7m (-30.0%), from €5.8m to €4.1m
mainly Trade debts (-€1.8m) and Contributions, distributions and other (-€340,000)
- Intangible fixed assets -€99,933
down €99,933 (-31.6%), from €316,453 to €216,520
Equity and liabilities
- Trade debts -€1.8m
down €1.8m (-38.5%), from €4.6m to €2.8m
- Debts after one year -€129,933
down €129,933 (-31.0%), from €419,798 to €289,865
Income statement
- Staff costs +€64,335
up €64,335 (+11.8%), from €543,584 to €607,919
- Gross operating margin +€54,903
up €54,903 (+5.2%), from €1.1m to €1.1m
- Financial income +€18,035
up €18,035 (+89.4%), from €20,163 to €38,198
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
€357,473
Gross operating margin
+€54,903
Staff costs
-€64,335
Depreciation
+€54
Other operating charges
-€111
Other operating items
-€19,618
Financial income
+€18,035
Financial charges
-€6,027
Taxes
-€146
Result 2025
€340,228
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
-€1.3m
Investment
-€15,140
Financing
-€469,933
Cash 2024
€5.8m
From operations (derived)
-€1.3m
Net result for the year
+€340,228
Depreciation
+€158,386
Receivables within one year
-€7,943
Deferred charges and accrued income
-€17,821
Trade debts
-€1.8m
Tax, wage and social debts
+€8,690
Other debts
+€33,845
Accrued charges and deferred income
+€169
Investment (derived)
-€15,140
Investment in fixed assets (net)
-€15,140
Financing
-€469,933
Debts after one year
-€129,933
Contributions, distributions and other
-€340,000
Cash 2025
€4.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,667,175 | €4,800,673 | -€1.9m | -28.0% |
| Fixed assets | 21/28 | €629,349 | €486,103 | -€143,246 | -22.8% |
| Intangible fixed assets | 21 | €316,453 | €216,520 | -€99,933 | -31.6% |
| Tangible fixed assets | 22/27 | €310,396 | €267,083 | -€43,314 | -14.0% |
| Furniture and vehicles | 24 | €10,079 | €6,324 | -€3,755 | -37.3% |
| Other tangible fixed assets | 26 | €300,317 | €260,759 | -€39,559 | -13.2% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €6,037,825 | €4,314,570 | -€1.7m | -28.5% |
| Amounts receivable within one year | 40/41 | €201,812 | €209,755 | +€7,943 | +3.9% |
| Trade receivables | 40 | €135,114 | €103,896 | -€31,217 | -23.1% |
| Other amounts receivable | 41 | €66,699 | €105,859 | +€39,160 | +58.7% |
| Cash at bank and in hand | 54/58 | €5,824,440 | €4,075,420 | -€1.7m | -30.0% |
| Deferred charges and accrued income | 490/1 | €11,573 | €29,394 | +€17,821 | +154% |
| Total equity and liabilities | 10/49 | €6,667,175 | €4,800,673 | -€1.9m | -28.0% |
| Equity | 10/15 | €25,720 | €25,948 | +€228 | +0.9% |
| Contributions | 10/11 | €20,900 | €20,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,820 | €5,048 | +€228 | +4.7% |
| Amounts payable | 17/49 | €6,641,454 | €4,774,725 | -€1.9m | -28.1% |
| Amounts payable after more than one year | 17 | €419,798 | €289,865 | -€129,933 | -31.0% |
| Financial debts | 170/4 | €419,798 | €289,865 | -€129,933 | -31.0% |
| Amounts payable within one year | 42/48 | €6,221,657 | €4,484,691 | -€1.7m | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €129,933 | €129,933 | = | 0.0% |
| Trade debts | 44 | €4,627,974 | €2,848,473 | -€1.8m | -38.5% |
| Suppliers | 440/4 | €4,627,974 | €2,848,473 | -€1.8m | -38.5% |
| Taxes, remuneration and social security | 45 | €144,506 | €153,196 | +€8,690 | +6.0% |
| Taxes | 450/3 | €83,148 | €90,572 | +€7,425 | +8.9% |
| Remuneration and social security | 454/9 | €61,359 | €62,624 | +€1,265 | +2.1% |
| Other amounts payable | 47/48 | €1,319,244 | €1,353,089 | +€33,845 | +2.6% |
| Accrued charges and deferred income | 492/3 | - | €169 | +€169 | |
| Remuneration, social security and pensions | 62 | €543,584 | €607,919 | +€64,335 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,440 | €158,386 | -€54 | 0.0% |
| Other operating charges | 640/8 | €1,030 | €1,140 | +€111 | +10.8% |
| Non-recurring operating charges | 66A | €1,327 | €20,946 | +€19,618 | +1,478% |
| Gross operating margin | 9900 | €1,051,211 | €1,106,114 | +€54,903 | +5.2% |
| Operating profit (loss) | 9901 | €346,830 | €317,723 | -€29,107 | -8.4% |
| Financial income | 75/76B | €20,163 | €38,198 | +€18,035 | +89.4% |
| Recurring financial income | 75 | €20,163 | €38,198 | +€18,035 | +89.4% |
| Financial charges | 65/66B | €6,602 | €12,629 | +€6,027 | +91.3% |
| Recurring financial charges | 65 | €6,602 | €12,629 | +€6,027 | +91.3% |
| Profit (loss) for the period before taxes | 9903 | €360,391 | €343,292 | -€17,099 | -4.7% |
| Income taxes | 67/77 | €2,918 | €3,064 | +€146 | +5.0% |
| Profit (loss) for the period | 9904 | €357,473 | €340,228 | -€17,245 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €357,473 | €340,228 | -€17,245 | -4.8% |
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 31 October 2026 via checked.be.