VOCE: 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.
VOCE
Largest movements
- Receivables within one year -€2,098
down €2,098 (-12.7%), from €16,488 to €14,390
of which Trade receivables: -€2,706
- Cash +€1,103
up €1,103 (+83.4%), from €1,323 to €2,425
mainly Receivables within one year (+€2,098) and Tax, wage and social debts (+€1,702)
- Tangible fixed assets -€368
down €368 (-78.4%), from €469 to €101
- Deferred charges and accrued income -€219
no longer reported in 2025 (was €219)
- Profit (loss) carried forward -€2,011
new in 2025: -€2,011
- Tax, wage and social debts +€1,702
up €1,702 (+393.1%), from €433 to €2,134
- Trade debts -€1,272
down €1,272 (-86.3%), from €1,473 to €201
- Gross operating margin -€3,026
down €3,026, from €2,152 to -€874
- Taxes -€460
down €460, from €433 to -€27
- Depreciation -€338
down €338 (-47.9%), from €706 to €368
- Other operating charges -€117
down €117 (-13.4%), from €877 to €760
- Financial income +€24
new in 2025: €24
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 | €18,499 | €16,917 | -€1,582 | -8.6% |
| Fixed assets | 21/28 | €469 | €101 | -€368 | -78.4% |
| Tangible fixed assets | 22/27 | €469 | €101 | -€368 | -78.4% |
| Furniture and vehicles | 24 | €469 | €101 | -€368 | -78.4% |
| Current assets | 29/58 | €18,030 | €16,815 | -€1,214 | -6.7% |
| Amounts receivable within one year | 40/41 | €16,488 | €14,390 | -€2,098 | -12.7% |
| Trade receivables | 40 | €16,312 | €13,606 | -€2,706 | -16.6% |
| Other amounts receivable | 41 | €176 | €784 | +€608 | +346.3% |
| Cash at bank and in hand | 54/58 | €1,323 | €2,425 | +€1,103 | +83.4% |
| Deferred charges and accrued income | 490/1 | €219 | - | -€219 | |
| Total equity and liabilities | 10/49 | €18,499 | €16,917 | -€1,582 | -8.6% |
| Equity | 10/15 | €16,587 | €14,575 | -€2,011 | -12.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €14,587 | €14,587 | = | 0.0% |
| Distributable reserves | 133 | €14,587 | €14,587 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,011 | -€2,011 | |
| Amounts payable | 17/49 | €1,912 | €2,342 | +€429 | +22.4% |
| Amounts payable within one year | 42/48 | €1,912 | €2,342 | +€429 | +22.4% |
| Trade debts | 44 | €1,473 | €201 | -€1,272 | -86.3% |
| Suppliers | 440/4 | €1,473 | €201 | -€1,272 | -86.3% |
| Taxes, remuneration and social security | 45 | €433 | €2,134 | +€1,702 | +393.1% |
| Taxes | 450/3 | €433 | €2,134 | +€1,702 | +393.1% |
| Other amounts payable | 47/48 | €6 | €6 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €706 | €368 | -€338 | -47.9% |
| Other operating charges | 640/8 | €877 | €760 | -€117 | -13.4% |
| Gross operating margin | 9900 | €2,152 | -€874 | -€3,026 | |
| Operating profit (loss) | 9901 | €569 | -€2,002 | -€2,570 | |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €45 | €61 | +€16 | +36.1% |
| Recurring financial charges | 65 | €45 | €61 | +€16 | +36.1% |
| Profit (loss) for the period before taxes | 9903 | €524 | -€2,039 | -€2,563 | |
| Income taxes | 67/77 | €433 | -€27 | -€460 | |
| Profit (loss) for the period | 9904 | €91 | -€2,011 | -€2,103 | |
| Profit (loss) for the period to be appropriated | 9905 | €91 | -€2,011 | -€2,103 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.