Voax: 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.
Voax
Largest movements
- Tangible fixed assets -€7,370
down €7,370 (-29.9%), from €24,678 to €17,309
of which Furniture and vehicles: -€7,244
- Receivables within one year +€3,666
up €3,666 (+116%), from €3,174 to €6,839
of which Other amounts receivable: +€2,382
- Cash +€1,998
up €1,998 (+2.7%), from €74,108 to €76,106
mainly Depreciation (+€8,856) and Net result for the year (+€5,002)
- Deferred charges and accrued income +€1,428
up €1,428 (+67.3%), from €2,122 to €3,551
- Debts after one year -€7,175
down €7,175 (-53.4%), from €13,424 to €6,249
- Profit (loss) carried forward +€5,002
up €5,002 (+6.7%), from €75,089 to €80,091
- Tax, wage and social debts +€2,500
up €2,500 (+114%), from €2,200 to €4,700
of which Taxes: +€2,500
- Other debts -€1,550
down €1,550 (-22.1%), from €7,011 to €5,461
- Gross operating margin +€8,318
up €8,318 (+83.6%), from €9,950 to €18,268
- Taxes +€2,461
up €2,461 (+6,387%), from €39 to €2,500
- Financial charges -€1,012
down €1,012 (-50.4%), from €2,007 to €995
of which Non-recurring financial charges: -€685
- Depreciation +€353
up €353 (+4.1%), from €8,504 to €8,856
- Financial income +€281
up €281 (+412%), from €68 to €349
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 | €105,477 | €105,259 | -€218 | -0.2% |
| Fixed assets | 21/28 | €25,428 | €18,059 | -€7,370 | -29.0% |
| Tangible fixed assets | 22/27 | €24,678 | €17,309 | -€7,370 | -29.9% |
| Plant, machinery and equipment | 23 | €4,765 | €4,639 | -€125 | -2.6% |
| Furniture and vehicles | 24 | €19,914 | €12,669 | -€7,244 | -36.4% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €80,049 | €87,201 | +€7,152 | +8.9% |
| Stocks and contracts in progress | 3 | €645 | €705 | +€60 | +9.3% |
| Stocks | 30/36 | €645 | €705 | +€60 | +9.3% |
| Amounts receivable within one year | 40/41 | €3,174 | €6,839 | +€3,666 | +116% |
| Trade receivables | 40 | €94 | €1,378 | +€1,284 | +1,363% |
| Other amounts receivable | 41 | €3,079 | €5,461 | +€2,382 | +77.3% |
| Cash at bank and in hand | 54/58 | €74,108 | €76,106 | +€1,998 | +2.7% |
| Deferred charges and accrued income | 490/1 | €2,122 | €3,551 | +€1,428 | +67.3% |
| Total equity and liabilities | 10/49 | €105,477 | €105,259 | -€218 | -0.2% |
| Equity | 10/15 | €75,089 | €80,091 | +€5,002 | +6.7% |
| Profit (loss) carried forward | 14 | €75,089 | €80,091 | +€5,002 | +6.7% |
| Amounts payable | 17/49 | €30,388 | €25,168 | -€5,220 | -17.2% |
| Amounts payable after more than one year | 17 | €13,424 | €6,249 | -€7,175 | -53.4% |
| Financial debts | 170/4 | €13,424 | €6,249 | -€7,175 | -53.4% |
| Amounts payable within one year | 42/48 | €16,963 | €18,919 | +€1,955 | +11.5% |
| Financial debts | 43 | €6,837 | €7,175 | +€338 | +4.9% |
| Credit institutions | 430/8 | €6,837 | €7,175 | +€338 | +4.9% |
| Trade debts | 44 | €915 | €1,583 | +€668 | +73.0% |
| Suppliers | 440/4 | €915 | €1,583 | +€668 | +73.0% |
| Taxes, remuneration and social security | 45 | €2,200 | €4,700 | +€2,500 | +114% |
| Taxes | 450/3 | - | €2,500 | +€2,500 | |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €7,011 | €5,461 | -€1,550 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,504 | €8,856 | +€353 | +4.1% |
| Other operating charges | 640/8 | €1,076 | €1,264 | +€188 | +17.5% |
| Gross operating margin | 9900 | €9,950 | €18,268 | +€8,318 | +83.6% |
| Operating profit (loss) | 9901 | €371 | €8,148 | +€7,777 | +2,098% |
| Financial income | 75/76B | €68 | €349 | +€281 | +412% |
| Recurring financial income | 75 | €68 | €349 | +€281 | +412% |
| Financial charges | 65/66B | €2,007 | €995 | -€1,012 | -50.4% |
| Recurring financial charges | 65 | €1,321 | €995 | -€327 | -24.7% |
| Non-recurring financial charges | 66B | €685 | - | -€685 | |
| Profit (loss) for the period before taxes | 9903 | -€1,568 | €7,502 | +€9,070 | |
| Income taxes | 67/77 | €39 | €2,500 | +€2,461 | +6,387% |
| Profit (loss) for the period | 9904 | -€1,606 | €5,002 | +€6,608 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,606 | €5,002 | +€6,608 |
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 16 October 2026 via checked.be.