VOCHTPROJECT: 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.
VOCHTPROJECT
Largest movements
- Receivables within one year -€20,847
down €20,847 (-68.4%), from €30,492 to €9,645
of which Trade receivables: -€20,898
- Stocks and contracts +€15,290
up €15,290 (+48.9%), from €31,261 to €46,551
of which Stocks: +€15,410
- Advances received -€5,500
no longer reported in 2025 (was €5,500)
- Debts after one year +€4,660
up €4,660 (+26.2%), from €17,779 to €22,439
- Current portion of long-term debt -€2,469
down €2,469 (-46.5%), from €5,305 to €2,836
- Tax, wage and social debts -€1,500
no longer reported in 2025 (was €1,500)
- Trade debts -€1,455
down €1,455 (-6.4%), from €22,739 to €21,284
- Gross operating margin -€4,812
down €4,812 (-54.1%), from €8,894 to €4,082
- Other operating charges +€736
up €736 (+46.9%), from €1,568 to €2,304
- Depreciation -€522
down €522 (-46.6%), from €1,121 to €599
- Financial charges +€339
up €339 (+19.7%), from €1,720 to €2,059
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 | €68,924 | €63,089 | -€5,835 | -8.5% |
| Fixed assets | 21/28 | €2,907 | €2,308 | -€599 | -20.6% |
| Tangible fixed assets | 22/27 | €2,596 | €1,997 | -€599 | -23.1% |
| Plant, machinery and equipment | 23 | €2,596 | €1,997 | -€599 | -23.1% |
| Financial fixed assets | 28 | €311 | €311 | = | 0.0% |
| Current assets | 29/58 | €66,017 | €60,781 | -€5,236 | -7.9% |
| Stocks and contracts in progress | 3 | €31,261 | €46,551 | +€15,290 | +48.9% |
| Stocks | 30/36 | €11,130 | €26,540 | +€15,410 | +138.5% |
| Contracts in progress | 37 | €20,131 | €20,011 | -€120 | -0.6% |
| Amounts receivable within one year | 40/41 | €30,492 | €9,645 | -€20,847 | -68.4% |
| Trade receivables | 40 | €23,076 | €2,178 | -€20,898 | -90.6% |
| Other amounts receivable | 41 | €7,416 | €7,467 | +€51 | +0.7% |
| Cash at bank and in hand | 54/58 | €4,149 | €4,470 | +€321 | +7.7% |
| Deferred charges and accrued income | 490/1 | €115 | €115 | = | 0.0% |
| Total equity and liabilities | 10/49 | €68,924 | €63,089 | -€5,835 | -8.5% |
| Equity | 10/15 | €9,271 | €7,981 | -€1,290 | -13.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,271 | €4,981 | -€1,290 | -20.6% |
| Amounts payable | 17/49 | €59,653 | €55,108 | -€4,545 | -7.6% |
| Amounts payable after more than one year | 17 | €17,779 | €22,439 | +€4,660 | +26.2% |
| Financial debts | 170/4 | €17,779 | €22,439 | +€4,660 | +26.2% |
| Amounts payable within one year | 42/48 | €41,874 | €31,469 | -€10,405 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €5,305 | €2,836 | -€2,469 | -46.5% |
| Trade debts | 44 | €22,739 | €21,284 | -€1,455 | -6.4% |
| Suppliers | 440/4 | €22,739 | €21,284 | -€1,455 | -6.4% |
| Advances received on contracts in progress | 46 | €5,500 | - | -€5,500 | |
| Taxes, remuneration and social security | 45 | €1,500 | - | -€1,500 | |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €6,830 | €7,349 | +€519 | +7.6% |
| Accrued charges and deferred income | 492/3 | - | €1,200 | +€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,121 | €599 | -€522 | -46.6% |
| Other operating charges | 640/8 | €1,568 | €2,304 | +€736 | +46.9% |
| Gross operating margin | 9900 | €8,894 | €4,082 | -€4,812 | -54.1% |
| Operating profit (loss) | 9901 | €6,205 | €1,179 | -€5,026 | -81.0% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,720 | €2,059 | +€339 | +19.7% |
| Recurring financial charges | 65 | €1,720 | €2,059 | +€339 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €4,487 | -€880 | -€5,367 | |
| Income taxes | 67/77 | €350 | €410 | +€60 | +17.1% |
| Profit (loss) for the period | 9904 | €4,137 | -€1,290 | -€5,427 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,137 | -€1,290 | -€5,427 |
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 4 October 2026 via checked.be.