VOGTS M: 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.
VOGTS M
Largest movements
- Receivables within one year +€9,155
up €9,155 (+4108.0%), from €223 to €9,378
of which Trade receivables: +€9,245
- Tangible fixed assets -€7,782
down €7,782 (-20.6%), from €37,869 to €30,087
- Cash +€2,752
up €2,752 (+10.6%), from €26,063 to €28,815
mainly Net result for the year (+€13,068) and Depreciation (+€8,625)
- Profit (loss) carried forward +€12,209
up €12,209 (+57.2%), from €21,337 to €33,546
- Debts after one year -€8,858
down €8,858 (-35.2%), from €25,178 to €16,320
- Depreciation +€5,784
up €5,784 (+203.6%), from €2,841 to €8,625
- Gross operating margin -€1,407
down €1,407 (-4.9%), from €28,938 to €27,530
- Taxes -€1,389
down €1,389 (-25.7%), from €5,409 to €4,020
- Other operating charges -€825
down €825 (-54.9%), from €1,503 to €678
- Financial charges +€785
up €785 (+210.9%), from €372 to €1,158
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 | €66,492 | €70,324 | +€3,833 | +5.8% |
| Fixed assets | 21/28 | €37,869 | €30,087 | -€7,782 | -20.6% |
| Tangible fixed assets | 22/27 | €37,869 | €30,087 | -€7,782 | -20.6% |
| Furniture and vehicles | 24 | €37,869 | €30,087 | -€7,782 | -20.6% |
| Current assets | 29/58 | €28,623 | €40,238 | +€11,615 | +40.6% |
| Amounts receivable within one year | 40/41 | €223 | €9,378 | +€9,155 | +4108.0% |
| Trade receivables | 40 | €132 | €9,378 | +€9,245 | +6987.0% |
| Other amounts receivable | 41 | €91 | - | -€91 | |
| Cash at bank and in hand | 54/58 | €26,063 | €28,815 | +€2,752 | +10.6% |
| Deferred charges and accrued income | 490/1 | €2,337 | €2,045 | -€292 | -12.5% |
| Total equity and liabilities | 10/49 | €66,492 | €70,324 | +€3,833 | +5.8% |
| Equity | 10/15 | €22,837 | €35,046 | +€12,209 | +53.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,337 | €33,546 | +€12,209 | +57.2% |
| Amounts payable | 17/49 | €43,655 | €35,278 | -€8,376 | -19.2% |
| Amounts payable after more than one year | 17 | €25,178 | €16,320 | -€8,858 | -35.2% |
| Financial debts | 170/4 | €25,178 | €16,320 | -€8,858 | -35.2% |
| Amounts payable within one year | 42/48 | €18,476 | €18,958 | +€482 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €8,533 | €8,858 | +€325 | +3.8% |
| Trade debts | 44 | €1,410 | €1,380 | -€30 | -2.1% |
| Suppliers | 440/4 | €1,410 | €1,380 | -€30 | -2.1% |
| Taxes, remuneration and social security | 45 | €7,676 | €7,837 | +€161 | +2.1% |
| Taxes | 450/3 | €7,676 | €7,837 | +€161 | +2.1% |
| Other amounts payable | 47/48 | €857 | €883 | +€26 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,841 | €8,625 | +€5,784 | +203.6% |
| Other operating charges | 640/8 | €1,503 | €678 | -€825 | -54.9% |
| Gross operating margin | 9900 | €28,938 | €27,530 | -€1,407 | -4.9% |
| Operating profit (loss) | 9901 | €24,594 | €18,227 | -€6,367 | -25.9% |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €372 | €1,158 | +€785 | +210.9% |
| Recurring financial charges | 65 | €372 | €1,158 | +€785 | +210.9% |
| Profit (loss) for the period before taxes | 9903 | €24,222 | €17,089 | -€7,133 | -29.4% |
| Income taxes | 67/77 | €5,409 | €4,020 | -€1,389 | -25.7% |
| Profit (loss) for the period | 9904 | €18,812 | €13,068 | -€5,744 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,812 | €13,068 | -€5,744 | -30.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.