VOET CONSULTING: 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.
VOET CONSULTING
Largest movements
- Tangible fixed assets +€274,989
up €274,989 (+40.2%), from €684,554 to €959,542
of which Land and buildings: +€286,477
- Receivables within one year -€207,405
down €207,405 (-36.9%), from €562,405 to €355,000
of which Other amounts receivable: -€200,000
- Cash -€48,611
down €48,611 (-33.9%), from €143,406 to €94,796
mainly Investment in fixed assets (net) (-€323,180) and Net result for the year (-€26,109)
- Other debts +€51,144
up €51,144 (+547%), from €9,351 to €60,495
- Reserves -€26,109
down €26,109 (-2.0%), from €1.3m to €1.3m
of which Distributable reserves: -€26,109
- Depreciation +€10,139
up €10,139 (+26.6%), from €38,053 to €48,192
- Gross operating margin +€8,155
up €8,155 (+42.3%), from €19,276 to €27,432
- Other operating charges +€1,388
up €1,388 (+34.9%), from €3,984 to €5,372
- Financial income -€573
down €573 (-31.4%), from €1,823 to €1,250
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 | €1,396,565 | €1,415,496 | +€18,931 | +1.4% |
| Fixed assets | 21/28 | €684,554 | €959,542 | +€274,989 | +40.2% |
| Tangible fixed assets | 22/27 | €684,554 | €959,542 | +€274,989 | +40.2% |
| Land and buildings | 22 | €643,626 | €930,103 | +€286,477 | +44.5% |
| Plant, machinery and equipment | 23 | €1,564 | €1,135 | -€429 | -27.4% |
| Furniture and vehicles | 24 | €39,364 | €28,304 | -€11,060 | -28.1% |
| Current assets | 29/58 | €712,011 | €455,953 | -€256,058 | -36.0% |
| Amounts receivable within one year | 40/41 | €562,405 | €355,000 | -€207,405 | -36.9% |
| Trade receivables | 40 | €7,405 | €0 | -€7,405 | -100% |
| Other amounts receivable | 41 | €555,000 | €355,000 | -€200,000 | -36.0% |
| Cash at bank and in hand | 54/58 | €143,406 | €94,796 | -€48,611 | -33.9% |
| Deferred charges and accrued income | 490/1 | €6,199 | €6,158 | -€42 | -0.7% |
| Total equity and liabilities | 10/49 | €1,396,565 | €1,415,496 | +€18,931 | +1.4% |
| Equity | 10/15 | €1,376,142 | €1,350,033 | -€26,109 | -1.9% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €1,306,142 | €1,280,033 | -€26,109 | -2.0% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,280,392 | €1,254,283 | -€26,109 | -2.0% |
| Amounts payable | 17/49 | €20,423 | €65,462 | +€45,040 | +221% |
| Amounts payable within one year | 42/48 | €20,423 | €65,462 | +€45,040 | +221% |
| Trade debts | 44 | €10,106 | €3,960 | -€6,146 | -60.8% |
| Suppliers | 440/4 | €10,106 | €3,960 | -€6,146 | -60.8% |
| Taxes, remuneration and social security | 45 | €965 | €1,007 | +€41 | +4.3% |
| Taxes | 450/3 | €965 | €1,007 | +€41 | +4.3% |
| Other amounts payable | 47/48 | €9,351 | €60,495 | +€51,144 | +547% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,053 | €48,192 | +€10,139 | +26.6% |
| Other operating charges | 640/8 | €3,984 | €5,372 | +€1,388 | +34.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €19,276 | €27,432 | +€8,155 | +42.3% |
| Operating profit (loss) | 9901 | -€22,760 | -€26,132 | -€3,372 | -14.8% |
| Financial income | 75/76B | €1,823 | €1,250 | -€573 | -31.4% |
| Recurring financial income | 75 | €1,823 | €1,250 | -€573 | -31.4% |
| Financial charges | 65/66B | €255 | €220 | -€35 | -13.7% |
| Recurring financial charges | 65 | €255 | €220 | -€35 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | -€21,192 | -€25,102 | -€3,910 | -18.4% |
| Income taxes | 67/77 | €965 | €1,007 | +€41 | +4.3% |
| Profit (loss) for the period | 9904 | -€22,158 | -€26,109 | -€3,951 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,158 | -€26,109 | -€3,951 | -17.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.