Vogt4M: 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.
Vogt4M
Largest movements
- Receivables within one year +€266,125
up €266,125 (+2877.6%), from €9,248 to €275,373
of which Other amounts receivable: +€258,636
- Current investments -€200,000
down €200,000 (-14.1%), from €1.4m to €1.2m
- Cash -€38,988
down €38,988 (-25.2%), from €154,591 to €115,603
mainly Contributions, distributions and other (-€379,352) and Receivables within one year (-€266,125)
- Other debts +€373,591
up €373,591 (+6484.6%), from €5,761 to €379,352
- Reserves -€359,957
down €359,957 (-22.8%), from €1.6m to €1.2m
of which Distributable reserves: -€359,957
- Gross operating margin -€137,769
down €137,769 (-96.2%), from €143,241 to €5,472
- Taxes -€45,882
down €45,882 (-81.9%), from €56,048 to €10,166
- Financial charges +€23,224
up €23,224, from -€22,107 to €1,117
- Financial income +€1,434
up €1,434 (+3.8%), from €37,395 to €38,829
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 | €1,606,922 | €1,619,539 | +€12,617 | +0.8% |
| Fixed assets | 21/28 | €14,020 | €3,199 | -€10,822 | -77.2% |
| Tangible fixed assets | 22/27 | €14,020 | €3,199 | -€10,822 | -77.2% |
| Furniture and vehicles | 24 | €14,020 | €3,199 | -€10,822 | -77.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,592,901 | €1,616,340 | +€23,439 | +1.5% |
| Amounts receivable within one year | 40/41 | €9,248 | €275,373 | +€266,125 | +2877.6% |
| Trade receivables | 40 | €8,662 | €16,151 | +€7,489 | +86.5% |
| Other amounts receivable | 41 | €587 | €259,222 | +€258,636 | +44098.2% |
| Current investments | 50/53 | €1,421,974 | €1,221,974 | -€200,000 | -14.1% |
| Cash at bank and in hand | 54/58 | €154,591 | €115,603 | -€38,988 | -25.2% |
| Deferred charges and accrued income | 490/1 | €7,088 | €3,390 | -€3,698 | -52.2% |
| Total equity and liabilities | 10/49 | €1,606,922 | €1,619,539 | +€12,617 | +0.8% |
| Equity | 10/15 | €1,597,845 | €1,237,888 | -€359,957 | -22.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,577,845 | €1,217,888 | -€359,957 | -22.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €1,575,845 | €1,215,888 | -€359,957 | -22.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €9,076 | €381,651 | +€372,574 | +4104.8% |
| Amounts payable within one year | 42/48 | €7,377 | €381,089 | +€373,712 | +5065.6% |
| Trade debts | 44 | €1,616 | €1,583 | -€34 | -2.1% |
| Suppliers | 440/4 | €1,616 | €1,583 | -€34 | -2.1% |
| Taxes, remuneration and social security | 45 | €0 | €155 | +€155 | |
| Taxes | 450/3 | €0 | €155 | +€155 | |
| Other amounts payable | 47/48 | €5,761 | €379,352 | +€373,591 | +6484.6% |
| Accrued charges and deferred income | 492/3 | €1,699 | €562 | -€1,138 | -66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,534 | €12,640 | +€106 | +0.8% |
| Other operating charges | 640/8 | €692 | €983 | +€291 | +42.0% |
| Gross operating margin | 9900 | €143,241 | €5,472 | -€137,769 | -96.2% |
| Operating profit (loss) | 9901 | €130,014 | -€8,151 | -€138,166 | |
| Financial income | 75/76B | €37,395 | €38,829 | +€1,434 | +3.8% |
| Recurring financial income | 75 | €37,395 | €38,829 | +€1,434 | +3.8% |
| Financial charges | 65/66B | -€22,107 | €1,117 | +€23,224 | |
| Recurring financial charges | 65 | -€22,107 | €1,117 | +€23,224 | |
| Profit (loss) for the period before taxes | 9903 | €189,517 | €29,561 | -€159,956 | -84.4% |
| Income taxes | 67/77 | €56,048 | €10,166 | -€45,882 | -81.9% |
| Profit (loss) for the period | 9904 | €133,469 | €19,395 | -€114,074 | -85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €133,469 | €19,395 | -€114,074 | -85.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.