VOET LASERCUTTING: 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.
What changed
VOET LASERCUTTING
NACE 25.530, Machining of metals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€105,714
2024 · €66,734+€38,980
Equity
€237,269
2024 · €131,555+€105,714
Cash
€1,320
2024 · €4,859-€3,540
Balance sheet total
€857,127
2024 · €1.4m-€580,224
Largest movements
Assets
- Tangible fixed assets -€494,294
down €494,294 (-47.0%), from €1.1m to €558,399
of which Plant, machinery and equipment: -€433,495
- Receivables within one year -€72,261
down €72,261 (-26.1%), from €276,374 to €204,113
of which Trade receivables: -€62,363
Equity and liabilities
- Other debts -€335,343
down €335,343 (-69.6%), from €482,066 to €146,723
- Debts after one year -€132,068
down €132,068 (-71.0%), from €186,070 to €54,002
- Profit (loss) carried forward +€112,839
up €112,839 (+273%), from €41,341 to €154,181
- Current portion of long-term debt -€104,046
down €104,046 (-44.1%), from €236,114 to €132,068
- Trade debts -€102,480
down €102,480 (-39.1%), from €261,963 to €159,483
Income statement
- Gross operating margin +€33,834
up €33,834 (+6.3%), from €536,309 to €570,143
- Depreciation -€26,547
down €26,547 (-6.2%), from €429,266 to €402,719
- Staff costs -€14,247
down €14,247 (-99.3%), from €14,345 to €99
- Financial income +€6,007
up €6,007 (+78.2%), from €7,684 to €13,691
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.
Result 2024
€66,734
Gross operating margin
+€33,834
Staff costs
+€14,247
Depreciation
+€26,547
Write-downs
-€400
Other operating charges
+€1,623
Other operating items
-€41,382
Financial income
+€6,007
Financial charges
-€1,257
Taxes
-€238
Result 2025
€105,714
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€147,548
Investment
+€92,894
Financing
-€243,982
Cash 2024
€4,859
From operations (derived)
+€147,548
Net result for the year
+€105,714
Depreciation
+€402,719
Stocks and contracts
+€14,228
Receivables within one year
+€72,261
Deferred charges and accrued income
-€5,417
Provisions
-€2,375
Trade debts
-€102,480
Tax, wage and social debts
+€1,991
Other debts
-€335,343
Accrued charges and deferred income
-€3,750
Investment (derived)
+€92,894
Investment in fixed assets (net)
+€92,894
Financing
-€243,982
Debts after one year
-€132,068
Current portion of long-term debt
-€104,046
Short-term financial debts
-€7,867
Cash 2025
€1,320
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,437,352 | €857,127 | -€580,224 | -40.4% |
| Fixed assets | 21/28 | €1,055,926 | €560,314 | -€495,612 | -46.9% |
| Intangible fixed assets | 21 | €3,234 | €1,915 | -€1,319 | -40.8% |
| Tangible fixed assets | 22/27 | €1,052,692 | €558,399 | -€494,294 | -47.0% |
| Land and buildings | 22 | €27,614 | €24,414 | -€3,200 | -11.6% |
| Plant, machinery and equipment | 23 | €930,841 | €497,346 | -€433,495 | -46.6% |
| Furniture and vehicles | 24 | €70,922 | €14,075 | -€56,847 | -80.2% |
| Other tangible fixed assets | 26 | €23,315 | €22,563 | -€752 | -3.2% |
| Current assets | 29/58 | €381,426 | €296,814 | -€84,612 | -22.2% |
| Stocks and contracts in progress | 3 | €84,271 | €70,043 | -€14,228 | -16.9% |
| Stocks | 30/36 | €84,271 | €70,043 | -€14,228 | -16.9% |
| Amounts receivable within one year | 40/41 | €276,374 | €204,113 | -€72,261 | -26.1% |
| Trade receivables | 40 | €266,476 | €204,113 | -€62,363 | -23.4% |
| Other amounts receivable | 41 | €9,898 | €0 | -€9,898 | -100% |
| Cash at bank and in hand | 54/58 | €4,859 | €1,320 | -€3,540 | -72.8% |
| Deferred charges and accrued income | 490/1 | €15,921 | €21,339 | +€5,417 | +34.0% |
| Total equity and liabilities | 10/49 | €1,437,352 | €857,127 | -€580,224 | -40.4% |
| Equity | 10/15 | €131,555 | €237,269 | +€105,714 | +80.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €28,713 | €21,588 | -€7,125 | -24.8% |
| Non-distributable reserves | 130/1 | €19,319 | €19,319 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,169 | €13,169 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,394 | €2,269 | -€7,125 | -75.8% |
| Profit (loss) carried forward | 14 | €41,341 | €154,181 | +€112,839 | +273% |
| Provisions and deferred taxes | 16 | €3,131 | €756 | -€2,375 | -75.8% |
| Deferred taxes | 168 | €3,131 | €756 | -€2,375 | -75.8% |
| Amounts payable | 17/49 | €1,302,666 | €619,102 | -€683,564 | -52.5% |
| Amounts payable after more than one year | 17 | €186,070 | €54,002 | -€132,068 | -71.0% |
| Financial debts | 170/4 | €186,070 | €54,002 | -€132,068 | -71.0% |
| Amounts payable within one year | 42/48 | €1,112,846 | €565,100 | -€547,746 | -49.2% |
| Current portion of amounts payable after more than one year | 42 | €236,114 | €132,068 | -€104,046 | -44.1% |
| Financial debts | 43 | €111,280 | €103,413 | -€7,867 | -7.1% |
| Credit institutions | 430/8 | €111,280 | €103,413 | -€7,867 | -7.1% |
| Trade debts | 44 | €261,963 | €159,483 | -€102,480 | -39.1% |
| Suppliers | 440/4 | €261,963 | €159,483 | -€102,480 | -39.1% |
| Taxes, remuneration and social security | 45 | €21,422 | €23,413 | +€1,991 | +9.3% |
| Taxes | 450/3 | €21,122 | €23,113 | +€1,991 | +9.4% |
| Remuneration and social security | 454/9 | €300 | €300 | = | 0.0% |
| Other amounts payable | 47/48 | €482,066 | €146,723 | -€335,343 | -69.6% |
| Accrued charges and deferred income | 492/3 | €3,750 | €0 | -€3,750 | -100% |
| Non-recurring operating income | 76A | €36,925 | €5 | -€36,920 | -100.0% |
| Remuneration, social security and pensions | 62 | €14,345 | €99 | -€14,247 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €429,266 | €402,719 | -€26,547 | -6.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€400 | €0 | +€400 | |
| Other operating charges | 640/8 | €2,914 | €1,291 | -€1,623 | -55.7% |
| Non-recurring operating charges | 66A | - | €41,382 | +€41,382 | |
| Gross operating margin | 9900 | €536,309 | €570,143 | +€33,834 | +6.3% |
| Operating profit (loss) | 9901 | €90,185 | €124,652 | +€34,468 | +38.2% |
| Financial income | 75/76B | €7,684 | €13,691 | +€6,007 | +78.2% |
| Recurring financial income | 75 | €7,684 | €13,691 | +€6,007 | +78.2% |
| Financial charges | 65/66B | €33,746 | €35,003 | +€1,257 | +3.7% |
| Recurring financial charges | 65 | €33,746 | €35,003 | +€1,257 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €64,123 | €103,340 | +€39,217 | +61.2% |
| Transfer from deferred taxes | 780 | €2,375 | €2,375 | = | 0.0% |
| Income taxes | 67/77 | -€237 | €1 | +€238 | |
| Profit (loss) for the period | 9904 | €66,734 | €105,714 | +€38,980 | +58.4% |
| Transfer from tax-exempt reserves | 789 | €7,125 | €7,125 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €73,859 | €112,839 | +€38,980 | +52.8% |
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.