't Voske: 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.
't Voske
Largest movements
- Tangible fixed assets +€8,579
up €8,579 (+13.4%), from €64,027 to €72,606
of which Other tangible fixed assets: +€10,410
- Receivables within one year +€8,026
up €8,026 (+25.5%), from €31,476 to €39,502
of which Trade receivables: +€7,902
- Cash +€3,703
up €3,703 (+2.5%), from €148,638 to €152,341
mainly Depreciation (+€26,555) and Other debts (+€16,065)
- Other debts +€16,065
up €16,065 (+14.2%), from €112,787 to €128,852
- Tax, wage and social debts -€15,680
down €15,680 (-40.5%), from €38,700 to €23,020
of which Taxes: -€20,918
- Accrued charges and deferred income +€8,554
up €8,554 (+94.7%), from €9,030 to €17,584
- Profit (loss) carried forward +€8,293
up €8,293 (+6.3%), from €131,942 to €140,235
- Trade debts +€7,089
up €7,089 (+27.6%), from €25,682 to €32,771
- Staff costs +€29,490
up €29,490 (+56.9%), from €51,829 to €81,319
- Depreciation -€14,843
down €14,843 (-35.9%), from €41,398 to €26,555
- Taxes -€3,405
down €3,405 (-68.4%), from €4,978 to €1,573
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 | €342,849 | €361,949 | +€19,100 | +5.6% |
| Fixed assets | 21/28 | €65,235 | €72,606 | +€7,371 | +11.3% |
| Intangible fixed assets | 21 | €1,208 | - | -€1,208 | |
| Tangible fixed assets | 22/27 | €64,027 | €72,606 | +€8,579 | +13.4% |
| Plant, machinery and equipment | 23 | €36,031 | €33,462 | -€2,569 | -7.1% |
| Furniture and vehicles | 24 | €1,949 | €2,687 | +€738 | +37.9% |
| Other tangible fixed assets | 26 | €26,047 | €36,457 | +€10,410 | +40.0% |
| Current assets | 29/58 | €277,614 | €289,343 | +€11,729 | +4.2% |
| Amounts receivable within one year | 40/41 | €31,476 | €39,502 | +€8,026 | +25.5% |
| Trade receivables | 40 | €31,476 | €39,378 | +€7,902 | +25.1% |
| Other amounts receivable | 41 | - | €124 | +€124 | |
| Current investments | 50/53 | €97,500 | €97,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €148,638 | €152,341 | +€3,703 | +2.5% |
| Total equity and liabilities | 10/49 | €342,849 | €361,949 | +€19,100 | +5.6% |
| Equity | 10/15 | €141,942 | €150,235 | +€8,293 | +5.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,942 | €140,235 | +€8,293 | +6.3% |
| Amounts payable | 17/49 | €200,907 | €211,714 | +€10,807 | +5.4% |
| Amounts payable after more than one year | 17 | €9,303 | €3,848 | -€5,455 | -58.6% |
| Financial debts | 170/4 | €9,303 | €3,848 | -€5,455 | -58.6% |
| Amounts payable within one year | 42/48 | €182,574 | €190,282 | +€7,708 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €5,405 | €5,639 | +€234 | +4.3% |
| Trade debts | 44 | €25,682 | €32,771 | +€7,089 | +27.6% |
| Suppliers | 440/4 | €25,682 | €32,771 | +€7,089 | +27.6% |
| Taxes, remuneration and social security | 45 | €38,700 | €23,020 | -€15,680 | -40.5% |
| Taxes | 450/3 | €28,309 | €7,391 | -€20,918 | -73.9% |
| Remuneration and social security | 454/9 | €10,391 | €15,629 | +€5,238 | +50.4% |
| Other amounts payable | 47/48 | €112,787 | €128,852 | +€16,065 | +14.2% |
| Accrued charges and deferred income | 492/3 | €9,030 | €17,584 | +€8,554 | +94.7% |
| Remuneration, social security and pensions | 62 | €51,829 | €81,319 | +€29,490 | +56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,398 | €26,555 | -€14,843 | -35.9% |
| Other operating charges | 640/8 | €304 | €326 | +€22 | +7.2% |
| Gross operating margin | 9900 | €125,993 | €127,195 | +€1,202 | +1.0% |
| Operating profit (loss) | 9901 | €32,462 | €18,995 | -€13,467 | -41.5% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €8,747 | €9,135 | +€388 | +4.4% |
| Recurring financial charges | 65 | €8,747 | €9,135 | +€388 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €23,715 | €9,866 | -€13,849 | -58.4% |
| Income taxes | 67/77 | €4,978 | €1,573 | -€3,405 | -68.4% |
| Profit (loss) for the period | 9904 | €18,737 | €8,293 | -€10,444 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,737 | €8,293 | -€10,444 | -55.7% |
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 29 October 2026 via checked.be.