VO TT: 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 TT
Largest movements
- Receivables within one year +€12,543
up €12,543 (+33.7%), from €37,211 to €49,754
of which Trade receivables: +€8,826
- Cash +€7,586
up €7,586 (+10.3%), from €73,480 to €81,066
mainly Net result for the year (+€36,345) and Trade debts (+€1,287)
- Reserves +€36,345
new in 2025: €36,345
- Tax, wage and social debts -€15,632
down €15,632 (-66.8%), from €23,389 to €7,756
of which Taxes: -€16,272
- Gross operating margin -€28,829
down €28,829 (-36.2%), from €79,612 to €50,783
- Taxes -€2,001
down €2,001 (-12.3%), from €16,283 to €14,282
- Depreciation -€1,321
no longer reported in 2025 (was €1,321)
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.
Cash bridge derived
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 | €111,856 | €132,001 | +€20,145 | +18.0% |
| Current assets | 29/58 | €111,856 | €132,001 | +€20,145 | +18.0% |
| Amounts receivable within one year | 40/41 | €37,211 | €49,754 | +€12,543 | +33.7% |
| Trade receivables | 40 | €37,211 | €46,036 | +€8,826 | +23.7% |
| Other amounts receivable | 41 | - | €3,718 | +€3,718 | |
| Cash at bank and in hand | 54/58 | €73,480 | €81,066 | +€7,586 | +10.3% |
| Deferred charges and accrued income | 490/1 | €1,165 | €1,180 | +€16 | +1.3% |
| Total equity and liabilities | 10/49 | €111,856 | €132,001 | +€20,145 | +18.0% |
| Equity | 10/15 | €64,067 | €99,579 | +€35,512 | +55.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €36,345 | +€36,345 | |
| Distributable reserves | 133 | - | €36,345 | +€36,345 | |
| Profit (loss) carried forward | 14 | €61,067 | €60,234 | -€833 | -1.4% |
| Amounts payable | 17/49 | €47,788 | €32,421 | -€15,367 | -32.2% |
| Amounts payable within one year | 42/48 | €47,720 | €32,350 | -€15,370 | -32.2% |
| Trade debts | 44 | - | €1,287 | +€1,287 | |
| Suppliers | 440/4 | - | €1,287 | +€1,287 | |
| Taxes, remuneration and social security | 45 | €23,389 | €7,756 | -€15,632 | -66.8% |
| Taxes | 450/3 | €23,069 | €6,796 | -€16,272 | -70.5% |
| Remuneration and social security | 454/9 | €320 | €960 | +€640 | +200.0% |
| Other amounts payable | 47/48 | €24,332 | €23,307 | -€1,025 | -4.2% |
| Accrued charges and deferred income | 492/3 | €68 | €71 | +€3 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,321 | - | -€1,321 | |
| Other operating charges | 640/8 | - | €100 | +€100 | |
| Gross operating margin | 9900 | €79,612 | €50,783 | -€28,829 | -36.2% |
| Operating profit (loss) | 9901 | €78,292 | €50,683 | -€27,609 | -35.3% |
| Financial charges | 65/66B | €83 | €56 | -€27 | -32.8% |
| Recurring financial charges | 65 | €83 | €56 | -€27 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €78,209 | €50,628 | -€27,582 | -35.3% |
| Income taxes | 67/77 | €16,283 | €14,282 | -€2,001 | -12.3% |
| Profit (loss) for the period | 9904 | €61,926 | €36,345 | -€25,581 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €61,926 | €36,345 | -€25,581 | -41.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.