SEBASTIAN VOS: 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.
SEBASTIAN VOS
Largest movements
- Receivables within one year +€9,565
up €9,565 (+3.9%), from €248,159 to €257,724
- Reserves +€8,744
up €8,744 (+7.4%), from €118,701 to €127,444
of which Distributable reserves: +€8,744
- Financial income -€1,736
down €1,736 (-11.2%), from €15,444 to €13,707
- Taxes -€785
down €785 (-15.2%), from €5,161 to €4,376
- Gross operating margin -€385
down €385 (-190%), from -€203 to -€588
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €248,159 | €257,724 | +€9,565 | +3.9% |
| Current assets | 29/58 | €248,159 | €257,724 | +€9,565 | +3.9% |
| Amounts receivable within one year | 40/41 | €248,159 | €257,724 | +€9,565 | +3.9% |
| Other amounts receivable | 41 | €248,159 | €257,724 | +€9,565 | +3.9% |
| Total equity and liabilities | 10/49 | €248,159 | €257,724 | +€9,565 | +3.9% |
| Equity | 10/15 | €238,026 | €246,770 | +€8,744 | +3.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €118,701 | €127,444 | +€8,744 | +7.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €116,841 | €125,584 | +€8,744 | +7.5% |
| Profit (loss) carried forward | 14 | €106,825 | €106,825 | = | 0.0% |
| Amounts payable | 17/49 | €10,133 | €10,955 | +€822 | +8.1% |
| Amounts payable within one year | 42/48 | €9,883 | €10,705 | +€822 | +8.3% |
| Trade debts | 44 | €749 | €1,168 | +€419 | +55.9% |
| Suppliers | 440/4 | €749 | €1,168 | +€419 | +55.9% |
| Taxes, remuneration and social security | 45 | €9,134 | €9,537 | +€403 | +4.4% |
| Taxes | 450/3 | €9,134 | €9,537 | +€403 | +4.4% |
| Accrued charges and deferred income | 492/3 | €250 | €250 | = | 0.0% |
| Gross operating margin | 9900 | -€203 | -€588 | -€385 | -190% |
| Operating profit (loss) | 9901 | -€203 | -€588 | -€385 | -190% |
| Financial income | 75/76B | €15,444 | €13,707 | -€1,736 | -11.2% |
| Recurring financial income | 75 | €15,444 | €13,707 | -€1,736 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €15,241 | €13,119 | -€2,121 | -13.9% |
| Income taxes | 67/77 | €5,161 | €4,376 | -€785 | -15.2% |
| Profit (loss) for the period | 9904 | €10,080 | €8,744 | -€1,336 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,080 | €8,744 | -€1,336 | -13.3% |
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 15 October 2026 via checked.be.