NEW VOSCO: 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.
NEW VOSCO
Largest movements
- Tangible fixed assets -€11,446
down €11,446 (-17.4%), from €65,691 to €54,245
- Cash -€4,069
down €4,069 (-26.4%), from €15,412 to €11,343
mainly Other debts (-€12,303) and Net result for the year (-€5,709)
- Receivables within one year -€2,466
down €2,466 (-84.4%), from €2,924 to €457
of which Other amounts receivable: -€2,498
- Other debts -€12,303
down €12,303 (-15.0%), from €81,801 to €69,498
- Profit (loss) carried forward -€5,709
down €5,709 (-21.0%), from -€27,205 to -€32,913
- Gross operating margin +€2,333
up €2,333 (+22.3%), from €10,485 to €12,818
- Depreciation -€1,190
down €1,190 (-8.5%), from €14,083 to €12,893
- Other operating charges +€683
up €683 (+22.0%), from €3,109 to €3,792
- Financial charges -€199
down €199 (-11.0%), from €1,816 to €1,617
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 | €84,527 | €66,545 | -€17,982 | -21.3% |
| Fixed assets | 21/28 | €66,191 | €54,745 | -€11,446 | -17.3% |
| Tangible fixed assets | 22/27 | €65,691 | €54,245 | -€11,446 | -17.4% |
| Other tangible fixed assets | 26 | €65,691 | €54,245 | -€11,446 | -17.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €18,335 | €11,800 | -€6,536 | -35.6% |
| Amounts receivable within one year | 40/41 | €2,924 | €457 | -€2,466 | -84.4% |
| Trade receivables | 40 | - | €32 | +€32 | |
| Other amounts receivable | 41 | €2,924 | €425 | -€2,498 | -85.5% |
| Cash at bank and in hand | 54/58 | €15,412 | €11,343 | -€4,069 | -26.4% |
| Total equity and liabilities | 10/49 | €84,527 | €66,545 | -€17,982 | -21.3% |
| Equity | 10/15 | -€6,693 | -€12,402 | -€5,709 | -85.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,911 | €1,911 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €51 | €51 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,205 | -€32,913 | -€5,709 | -21.0% |
| Amounts payable | 17/49 | €91,220 | €78,947 | -€12,273 | -13.5% |
| Amounts payable within one year | 42/48 | €91,220 | €78,947 | -€12,273 | -13.5% |
| Trade debts | 44 | €8,991 | €9,003 | +€12 | +0.1% |
| Suppliers | 440/4 | €8,991 | €9,003 | +€12 | +0.1% |
| Taxes, remuneration and social security | 45 | €428 | €445 | +€18 | +4.2% |
| Taxes | 450/3 | €428 | €445 | +€18 | +4.2% |
| Other amounts payable | 47/48 | €81,801 | €69,498 | -€12,303 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,083 | €12,893 | -€1,190 | -8.5% |
| Other operating charges | 640/8 | €3,109 | €3,792 | +€683 | +22.0% |
| Gross operating margin | 9900 | €10,485 | €12,818 | +€2,333 | +22.3% |
| Operating profit (loss) | 9901 | -€6,706 | -€3,866 | +€2,840 | +42.3% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €1,816 | €1,617 | -€199 | -11.0% |
| Recurring financial charges | 65 | €1,816 | €1,617 | -€199 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,522 | -€5,481 | +€3,041 | +35.7% |
| Income taxes | 67/77 | €218 | €228 | +€10 | +4.7% |
| Profit (loss) for the period | 9904 | -€8,739 | -€5,709 | +€3,031 | +34.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,739 | -€5,709 | +€3,031 | +34.7% |
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 23 October 2026 via checked.be.