VO Publishing: what changed
Two fiscal 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.
VO Publishing
Largest movements
- Receivables within one year -€25,215
down €25,215 (-40.1%), from €62,854 to €37,638
of which Other amounts receivable: -€17,694
- Tangible fixed assets -€3,284
down €3,284 (-43.6%), from €7,525 to €4,240
of which Furniture and vehicles: -€3,143
- Other debts -€21,459
down €21,459 (-66.4%), from €32,310 to €10,851
- Accrued charges and deferred income -€7,134
down €7,134 (-14.0%), from €51,003 to €43,868
- Tax, wage and social debts +€1,136
up €1,136 (+14.5%), from €7,853 to €8,989
- Current portion of long-term debt -€1,115
no longer reported in 2024 (was €1,115)
- Profit (loss) carried forward +€868
up €868 (+1.7%), from -€52,311 to -€51,442
- Gross operating margin +€9,968
up €9,968, from -€1,870 to €8,098
- Other operating charges -€1,366
down €1,366 (-32.7%), from €4,181 to €2,815
- Depreciation -€289
down €289 (-8.1%), from €3,574 to €3,284
From the 2023 result to the 2024 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.
Cash bridge derived
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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,407 | €41,904 | -€28,503 | -40.5% |
| Fixed assets | 21/28 | €7,550 | €4,265 | -€3,284 | -43.5% |
| Tangible fixed assets | 22/27 | €7,525 | €4,240 | -€3,284 | -43.6% |
| Furniture and vehicles | 24 | €6,788 | €3,645 | -€3,143 | -46.3% |
| Other tangible fixed assets | 26 | €736 | €595 | -€141 | -19.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €62,857 | €37,638 | -€25,219 | -40.1% |
| Amounts receivable within one year | 40/41 | €62,854 | €37,638 | -€25,215 | -40.1% |
| Trade receivables | 40 | €45,040 | €37,519 | -€7,521 | -16.7% |
| Other amounts receivable | 41 | €17,814 | €120 | -€17,694 | -99.3% |
| Deferred charges and accrued income | 490/1 | €3 | - | -€3 | |
| Total equity and liabilities | 10/49 | €70,407 | €41,904 | -€28,503 | -40.5% |
| Equity | 10/15 | -€44,251 | -€43,382 | +€868 | +2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€52,311 | -€51,442 | +€868 | +1.7% |
| Amounts payable | 17/49 | €114,657 | €85,286 | -€29,371 | -25.6% |
| Amounts payable within one year | 42/48 | €63,655 | €41,418 | -€22,237 | -34.9% |
| Current portion of amounts payable after more than one year | 42 | €1,115 | - | -€1,115 | |
| Financial debts | 43 | €3,175 | €2,517 | -€658 | -20.7% |
| Credit institutions | 430/8 | €3,175 | €2,517 | -€658 | -20.7% |
| Trade debts | 44 | €19,202 | €19,060 | -€141 | -0.7% |
| Suppliers | 440/4 | €19,202 | €19,060 | -€141 | -0.7% |
| Taxes, remuneration and social security | 45 | €7,853 | €8,989 | +€1,136 | +14.5% |
| Taxes | 450/3 | €7,853 | €8,989 | +€1,136 | +14.5% |
| Other amounts payable | 47/48 | €32,310 | €10,851 | -€21,459 | -66.4% |
| Accrued charges and deferred income | 492/3 | €51,003 | €43,868 | -€7,134 | -14.0% |
| Remuneration, social security and pensions | 62 | €17 | - | -€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,574 | €3,284 | -€289 | -8.1% |
| Other operating charges | 640/8 | €4,181 | €2,815 | -€1,366 | -32.7% |
| Gross operating margin | 9900 | -€1,870 | €8,098 | +€9,968 | |
| Operating profit (loss) | 9901 | -€9,642 | €1,999 | +€11,640 | |
| Financial income | 75/76B | €33 | €91 | +€58 | +173.0% |
| Recurring financial income | 75 | €33 | €91 | +€58 | +173.0% |
| Financial charges | 65/66B | €1,091 | €1,030 | -€60 | -5.5% |
| Recurring financial charges | 65 | €1,091 | €1,030 | -€60 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,699 | €1,059 | +€11,758 | |
| Income taxes | 67/77 | €179 | €191 | +€11 | +6.3% |
| Profit (loss) for the period | 9904 | -€10,878 | €868 | +€11,747 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,878 | €868 | +€11,747 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.