VOEGWERKEN - PLUS: 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.
VOEGWERKEN - PLUS
Largest movements
- Receivables within one year -€19,495
down €19,495 (-19.2%), from €101,285 to €81,790
of which Trade receivables: -€32,773
- Tangible fixed assets +€16,062
up €16,062 (+55.3%), from €29,028 to €45,090
of which Furniture and vehicles: +€14,536
- Cash +€3,552
up €3,552 (+14.1%), from €25,142 to €28,694
mainly Net result for the year (+€28,372) and Receivables within one year (+€19,495)
- Reserves +€28,372
up €28,372 (+35.5%), from €79,809 to €108,181
- Trade debts -€24,479
down €24,479 (-79.7%), from €30,727 to €6,248
- Other debts -€10,000
no longer reported in 2025 (was €10,000)
- Tax, wage and social debts +€6,163
up €6,163 (+20.5%), from €30,008 to €36,171
of which Taxes: +€12,340
- Staff costs -€28,731
down €28,731 (-11.6%), from €248,319 to €219,588
- Gross operating margin +€12,981
up €12,981 (+4.8%), from €268,839 to €281,821
- Taxes +€11,699
up €11,699 (+1,551%), from €754 to €12,453
- Depreciation +€3,335
up €3,335 (+21.2%), from €15,704 to €19,039
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 | €156,744 | €156,800 | +€56 | 0.0% |
| Fixed assets | 21/28 | €29,378 | €45,440 | +€16,062 | +54.7% |
| Tangible fixed assets | 22/27 | €29,028 | €45,090 | +€16,062 | +55.3% |
| Plant, machinery and equipment | 23 | €6,750 | €8,276 | +€1,526 | +22.6% |
| Furniture and vehicles | 24 | €22,279 | €36,814 | +€14,536 | +65.2% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €127,366 | €111,360 | -€16,006 | -12.6% |
| Amounts receivable within one year | 40/41 | €101,285 | €81,790 | -€19,495 | -19.2% |
| Trade receivables | 40 | €83,907 | €51,133 | -€32,773 | -39.1% |
| Other amounts receivable | 41 | €17,378 | €30,657 | +€13,279 | +76.4% |
| Cash at bank and in hand | 54/58 | €25,142 | €28,694 | +€3,552 | +14.1% |
| Deferred charges and accrued income | 490/1 | €939 | €876 | -€63 | -6.7% |
| Total equity and liabilities | 10/49 | €156,744 | €156,800 | +€56 | 0.0% |
| Equity | 10/15 | €86,009 | €114,381 | +€28,372 | +33.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €79,809 | €108,181 | +€28,372 | +35.5% |
| Distributable reserves | 133 | €79,809 | €108,181 | +€28,372 | +35.5% |
| Amounts payable | 17/49 | €70,735 | €42,419 | -€28,316 | -40.0% |
| Amounts payable within one year | 42/48 | €70,735 | €42,419 | -€28,316 | -40.0% |
| Trade debts | 44 | €30,727 | €6,248 | -€24,479 | -79.7% |
| Suppliers | 440/4 | €30,727 | €6,248 | -€24,479 | -79.7% |
| Taxes, remuneration and social security | 45 | €30,008 | €36,171 | +€6,163 | +20.5% |
| Taxes | 450/3 | €1,888 | €14,227 | +€12,340 | +654% |
| Remuneration and social security | 454/9 | €28,120 | €21,944 | -€6,176 | -22.0% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Non-recurring operating income | 76A | €483 | - | -€483 | |
| Remuneration, social security and pensions | 62 | €248,319 | €219,588 | -€28,731 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,704 | €19,039 | +€3,335 | +21.2% |
| Other operating charges | 640/8 | €2,093 | €1,989 | -€104 | -5.0% |
| Non-recurring operating charges | 66A | €295 | - | -€295 | |
| Gross operating margin | 9900 | €268,839 | €281,821 | +€12,981 | +4.8% |
| Operating profit (loss) | 9901 | €2,428 | €41,205 | +€38,777 | +1,597% |
| Financial income | 75/76B | €946 | €933 | -€12 | -1.3% |
| Recurring financial income | 75 | €946 | €933 | -€12 | -1.3% |
| Financial charges | 65/66B | €1,194 | €1,313 | +€119 | +10.0% |
| Recurring financial charges | 65 | €1,194 | €1,313 | +€119 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €2,179 | €40,825 | +€38,646 | +1,773% |
| Income taxes | 67/77 | €754 | €12,453 | +€11,699 | +1,551% |
| Profit (loss) for the period | 9904 | €1,425 | €28,372 | +€26,947 | +1,891% |
| Profit (loss) for the period to be appropriated | 9905 | €1,425 | €28,372 | +€26,947 | +1,891% |
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 30 October 2026 via checked.be.