DE VOGHEL TECHNIC: 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.
DE VOGHEL TECHNIC
Largest movements
- Tangible fixed assets -€45,489
down €45,489 (-16.2%), from €281,552 to €236,063
of which Land and buildings: -€26,239
- Receivables within one year +€24,048
up €24,048 (+41.7%), from €57,639 to €81,687
of which Trade receivables: +€24,350
- Cash +€9,096
up €9,096 (+482%), from €1,889 to €10,985
mainly Depreciation (+€48,415) and Debts after one year (+€9,355)
- Profit (loss) carried forward -€16,464
down €16,464 (-124%), from -€13,249 to -€29,713
- Debts after one year +€9,355
up €9,355 (+3.1%), from €303,578 to €312,932
- Other debts -€6,883
down €6,883 (-33.2%), from €20,723 to €13,840
- Gross operating margin -€6,467
down €6,467 (-14.3%), from €45,166 to €38,700
- Financial income -€1,585
down €1,585 (-56.4%), from €2,811 to €1,225
- Other operating charges +€1,089
up €1,089 (+24.1%), from €4,512 to €5,601
- Depreciation -€851
down €851 (-1.7%), from €49,266 to €48,415
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 | €351,895 | €339,550 | -€12,344 | -3.5% |
| Fixed assets | 21/28 | €281,552 | €236,063 | -€45,489 | -16.2% |
| Tangible fixed assets | 22/27 | €281,552 | €236,063 | -€45,489 | -16.2% |
| Land and buildings | 22 | €207,225 | €180,986 | -€26,239 | -12.7% |
| Plant, machinery and equipment | 23 | €25,625 | €17,860 | -€7,766 | -30.3% |
| Furniture and vehicles | 24 | €48,702 | €37,218 | -€11,484 | -23.6% |
| Current assets | 29/58 | €70,342 | €103,487 | +€33,144 | +47.1% |
| Stocks and contracts in progress | 3 | €10,815 | €10,815 | = | 0.0% |
| Stocks | 30/36 | €10,815 | €10,815 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,639 | €81,687 | +€24,048 | +41.7% |
| Trade receivables | 40 | €18,482 | €42,832 | +€24,350 | +132% |
| Other amounts receivable | 41 | €39,157 | €38,855 | -€302 | -0.8% |
| Cash at bank and in hand | 54/58 | €1,889 | €10,985 | +€9,096 | +482% |
| Total equity and liabilities | 10/49 | €351,895 | €339,550 | -€12,344 | -3.5% |
| Equity | 10/15 | €14,793 | -€1,671 | -€16,464 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,442 | €9,442 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,582 | €7,582 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,249 | -€29,713 | -€16,464 | -124% |
| Amounts payable | 17/49 | €337,101 | €341,221 | +€4,120 | +1.2% |
| Amounts payable after more than one year | 17 | €303,578 | €312,932 | +€9,355 | +3.1% |
| Financial debts | 170/4 | €303,578 | €312,932 | +€9,355 | +3.1% |
| Amounts payable within one year | 42/48 | €33,524 | €28,289 | -€5,235 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €12,797 | €13,181 | +€384 | +3.0% |
| Taxes, remuneration and social security | 45 | €4 | €1,268 | +€1,264 | +33,083% |
| Taxes | 450/3 | €4 | €1,268 | +€1,264 | +33,083% |
| Other amounts payable | 47/48 | €20,723 | €13,840 | -€6,883 | -33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,266 | €48,415 | -€851 | -1.7% |
| Other operating charges | 640/8 | €4,512 | €5,601 | +€1,089 | +24.1% |
| Gross operating margin | 9900 | €45,166 | €38,700 | -€6,467 | -14.3% |
| Operating profit (loss) | 9901 | -€8,612 | -€15,316 | -€6,704 | -77.9% |
| Financial income | 75/76B | €2,811 | €1,225 | -€1,585 | -56.4% |
| Recurring financial income | 75 | €2,811 | €1,225 | -€1,585 | -56.4% |
| Financial charges | 65/66B | €2,774 | €2,373 | -€401 | -14.4% |
| Recurring financial charges | 65 | €2,774 | €2,373 | -€401 | -14.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€8,575 | -€16,464 | -€7,889 | -92.0% |
| Profit (loss) for the period | 9904 | -€8,575 | -€16,464 | -€7,889 | -92.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,575 | -€16,464 | -€7,889 | -92.0% |
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 20 October 2026 via checked.be.