VO TAN: 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.
VO TAN
Largest movements
- Tangible fixed assets -€9,421
down €9,421 (-70.1%), from €13,437 to €4,016
of which Furniture and vehicles: -€7,688
- Receivables within one year +€5,892
up €5,892 (+134%), from €4,398 to €10,290
of which Other amounts receivable: +€10,026
- Deferred charges and accrued income +€3,957
up €3,957 (+48.2%), from €8,202 to €12,158
- Cash +€399
up €399 (+93.0%), from €429 to €828
mainly Net result for the year (+€10,339) and Investment in fixed assets (net) (+€6,987)
- Profit (loss) carried forward +€10,339
up €10,339 (+27.9%), from -€37,034 to -€26,694
- Debts after one year -€8,700
down €8,700 (-26.0%), from €33,409 to €24,709
- Trade debts -€3,433
down €3,433 (-50.0%), from €6,864 to €3,431
- Short-term financial debts +€2,263
new in 2025: €2,263
- Other operating charges +€3,606
up €3,606 (+240%), from €1,504 to €5,110
- Financial income -€1,984
down €1,984 (-91.5%), from €2,167 to €184
- Financial charges +€580
up €580 (+68.4%), from €847 to €1,427
- Gross operating margin -€225
down €225 (-1.2%), from €19,553 to €19,327
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 | €27,965 | €28,792 | +€827 | +3.0% |
| Fixed assets | 21/28 | €13,437 | €4,016 | -€9,421 | -70.1% |
| Tangible fixed assets | 22/27 | €13,437 | €4,016 | -€9,421 | -70.1% |
| Plant, machinery and equipment | 23 | €2,029 | €754 | -€1,276 | -62.9% |
| Furniture and vehicles | 24 | €10,035 | €2,347 | -€7,688 | -76.6% |
| Other tangible fixed assets | 26 | €1,373 | €915 | -€458 | -33.3% |
| Current assets | 29/58 | €14,528 | €24,776 | +€10,248 | +70.5% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,398 | €10,290 | +€5,892 | +134% |
| Trade receivables | 40 | €4,134 | - | -€4,134 | |
| Other amounts receivable | 41 | €264 | €10,290 | +€10,026 | +3,803% |
| Cash at bank and in hand | 54/58 | €429 | €828 | +€399 | +93.0% |
| Deferred charges and accrued income | 490/1 | €8,202 | €12,158 | +€3,957 | +48.2% |
| Total equity and liabilities | 10/49 | €27,965 | €28,792 | +€827 | +3.0% |
| Equity | 10/15 | -€18,434 | -€8,094 | +€10,339 | +56.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,034 | -€26,694 | +€10,339 | +27.9% |
| Amounts payable | 17/49 | €46,399 | €36,886 | -€9,513 | -20.5% |
| Amounts payable after more than one year | 17 | €33,409 | €24,709 | -€8,700 | -26.0% |
| Financial debts | 170/4 | €33,409 | €24,709 | -€8,700 | -26.0% |
| Amounts payable within one year | 42/48 | €12,925 | €12,111 | -€814 | -6.3% |
| Financial debts | 43 | - | €2,263 | +€2,263 | |
| Credit institutions | 430/8 | - | €2,263 | +€2,263 | |
| Trade debts | 44 | €6,864 | €3,431 | -€3,433 | -50.0% |
| Suppliers | 440/4 | €6,864 | €3,431 | -€3,433 | -50.0% |
| Taxes, remuneration and social security | 45 | €1,457 | €1,562 | +€106 | +7.3% |
| Taxes | 450/3 | €1,457 | €1,562 | +€106 | +7.3% |
| Other amounts payable | 47/48 | €4,604 | €4,854 | +€250 | +5.4% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,387 | €2,434 | +€47 | +2.0% |
| Other operating charges | 640/8 | €1,504 | €5,110 | +€3,606 | +240% |
| Gross operating margin | 9900 | €19,553 | €19,327 | -€225 | -1.2% |
| Operating profit (loss) | 9901 | €15,661 | €11,783 | -€3,878 | -24.8% |
| Financial income | 75/76B | €2,167 | €184 | -€1,984 | -91.5% |
| Recurring financial income | 75 | €2,167 | €184 | -€1,984 | -91.5% |
| Financial charges | 65/66B | €847 | €1,427 | +€580 | +68.4% |
| Recurring financial charges | 65 | €847 | €1,427 | +€580 | +68.4% |
| Profit (loss) for the period before taxes | 9903 | €16,981 | €10,540 | -€6,441 | -37.9% |
| Income taxes | 67/77 | €44 | €201 | +€156 | +355% |
| Profit (loss) for the period | 9904 | €16,937 | €10,339 | -€6,598 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,937 | €10,339 | -€6,598 | -39.0% |
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 14 October 2026 via checked.be.