VOETS J .: 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.
VOETS J .
Largest movements
- Receivables within one year -€1,207
down €1,207 (-1.0%), from €115,601 to €114,393
of which Trade receivables: -€2,095
- Trade debts -€24,613
down €24,613 (-52.3%), from €47,054 to €22,441
- Other debts +€18,863
up €18,863 (+414%), from €4,559 to €23,421
- Short-term financial debts +€6,678
up €6,678 (+29.0%), from €23,005 to €29,682
- Tax, wage and social debts -€3,652
no longer reported in 2025 (was €3,652)
- Gross operating margin -€11,919
down €11,919 (-60.2%), from €19,813 to €7,894
- Financial income +€6,557
up €6,557 (+8,269%), from €79 to €6,636
- Staff costs +€1,298
up €1,298 (+294%), from €442 to €1,740
- Other operating charges +€534
new in 2025: €534
- Financial charges +€229
up €229 (+3.0%), from €7,638 to €7,867
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,489 | €118,205 | -€2,284 | -1.9% |
| Fixed assets | 21/28 | €4,124 | €3,387 | -€737 | -17.9% |
| Tangible fixed assets | 22/27 | €3,559 | €2,822 | -€737 | -20.7% |
| Plant, machinery and equipment | 23 | €798 | €598 | -€200 | -25.1% |
| Furniture and vehicles | 24 | €1,267 | €896 | -€371 | -29.3% |
| Other tangible fixed assets | 26 | €1,494 | €1,328 | -€166 | -11.1% |
| Financial fixed assets | 28 | €566 | €566 | = | 0.0% |
| Current assets | 29/58 | €116,364 | €114,817 | -€1,547 | -1.3% |
| Amounts receivable within one year | 40/41 | €115,601 | €114,393 | -€1,207 | -1.0% |
| Trade receivables | 40 | €53,283 | €51,189 | -€2,095 | -3.9% |
| Other amounts receivable | 41 | €62,317 | €63,204 | +€887 | +1.4% |
| Deferred charges and accrued income | 490/1 | €764 | €424 | -€340 | -44.5% |
| Total equity and liabilities | 10/49 | €120,489 | €118,205 | -€2,284 | -1.9% |
| Equity | 10/15 | €42,219 | €42,219 | = | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,019 | €36,019 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €34,159 | €34,159 | = | 0.0% |
| Amounts payable | 17/49 | €78,270 | €75,985 | -€2,284 | -2.9% |
| Amounts payable within one year | 42/48 | €78,270 | €75,545 | -€2,725 | -3.5% |
| Financial debts | 43 | €23,005 | €29,682 | +€6,678 | +29.0% |
| Credit institutions | 430/8 | €23,005 | €29,682 | +€6,678 | +29.0% |
| Trade debts | 44 | €47,054 | €22,441 | -€24,613 | -52.3% |
| Suppliers | 440/4 | €47,054 | €22,441 | -€24,613 | -52.3% |
| Taxes, remuneration and social security | 45 | €3,652 | - | -€3,652 | |
| Taxes | 450/3 | €3,652 | - | -€3,652 | |
| Other amounts payable | 47/48 | €4,559 | €23,421 | +€18,863 | +414% |
| Accrued charges and deferred income | 492/3 | - | €441 | +€441 | |
| Remuneration, social security and pensions | 62 | €442 | €1,740 | +€1,298 | +294% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €737 | €737 | -€0 | 0.0% |
| Other operating charges | 640/8 | - | €534 | +€534 | |
| Gross operating margin | 9900 | €19,813 | €7,894 | -€11,919 | -60.2% |
| Operating profit (loss) | 9901 | €18,634 | €4,882 | -€13,751 | -73.8% |
| Financial income | 75/76B | €79 | €6,636 | +€6,557 | +8,269% |
| Recurring financial income | 75 | €79 | €6,636 | +€6,557 | +8,269% |
| Financial charges | 65/66B | €7,638 | €7,867 | +€229 | +3.0% |
| Recurring financial charges | 65 | €7,638 | €7,867 | +€229 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €11,075 | €3,652 | -€7,423 | -67.0% |
| Income taxes | 67/77 | €3,652 | €3,652 | +€0 | 0.0% |
| Profit (loss) for the period | 9904 | €7,423 | €0 | -€7,423 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €7,423 | €0 | -€7,423 | -100% |
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 13 October 2026 via checked.be.