VOH: 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.
VOH
Largest movements
- Cash +€6,538
up €6,538 (+52.8%), from €12,390 to €18,928
mainly Depreciation (+€3,223) and Net result for the year (+€2,432)
- Tangible fixed assets -€3,223
down €3,223 (-53.3%), from €6,045 to €2,822
- Deferred charges and accrued income -€262
down €262 (-100%), from €262 to €0
- Reserves +€2,432
new in 2025: €2,432
- Other debts +€1,823
up €1,823 (+35.6%), from €5,122 to €6,946
- Trade debts -€1,328
down €1,328 (-31.8%), from €4,172 to €2,844
- Short-term financial debts -€267
down €267 (-49.4%), from €541 to €274
- Gross operating margin +€2,485
up €2,485 (+36.0%), from €6,902 to €9,387
- Depreciation +€2,448
up €2,448 (+316%), from €775 to €3,223
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 | €19,777 | €22,679 | +€2,902 | +14.7% |
| Fixed assets | 21/28 | €6,045 | €2,822 | -€3,223 | -53.3% |
| Tangible fixed assets | 22/27 | €6,045 | €2,822 | -€3,223 | -53.3% |
| Furniture and vehicles | 24 | €6,045 | €2,822 | -€3,223 | -53.3% |
| Current assets | 29/58 | €13,732 | €19,857 | +€6,126 | +44.6% |
| Amounts receivable within one year | 40/41 | €1,080 | €930 | -€151 | -13.9% |
| Trade receivables | 40 | €1,080 | €930 | -€151 | -13.9% |
| Cash at bank and in hand | 54/58 | €12,390 | €18,928 | +€6,538 | +52.8% |
| Deferred charges and accrued income | 490/1 | €262 | €0 | -€262 | -100% |
| Total equity and liabilities | 10/49 | €19,777 | €22,679 | +€2,902 | +14.7% |
| Equity | 10/15 | €4,000 | €6,432 | +€2,432 | +60.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €2,432 | +€2,432 | |
| Distributable reserves | 133 | - | €2,432 | +€2,432 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,777 | €16,247 | +€470 | +3.0% |
| Amounts payable within one year | 42/48 | €15,682 | €16,087 | +€406 | +2.6% |
| Financial debts | 43 | €541 | €274 | -€267 | -49.4% |
| Other loans | 439 | €541 | €274 | -€267 | -49.4% |
| Trade debts | 44 | €4,172 | €2,844 | -€1,328 | -31.8% |
| Suppliers | 440/4 | €4,172 | €2,844 | -€1,328 | -31.8% |
| Taxes, remuneration and social security | 45 | €5,847 | €6,024 | +€177 | +3.0% |
| Taxes | 450/3 | €5,847 | €6,024 | +€177 | +3.0% |
| Other amounts payable | 47/48 | €5,122 | €6,946 | +€1,823 | +35.6% |
| Accrued charges and deferred income | 492/3 | €96 | €160 | +€64 | +67.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €775 | €3,223 | +€2,448 | +316% |
| Other operating charges | 640/8 | €722 | €743 | +€21 | +2.8% |
| Gross operating margin | 9900 | €6,902 | €9,387 | +€2,485 | +36.0% |
| Operating profit (loss) | 9901 | €5,405 | €5,421 | +€16 | +0.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €287 | €212 | -€75 | -26.1% |
| Recurring financial charges | 65 | €287 | €212 | -€75 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €5,118 | €5,209 | +€91 | +1.8% |
| Income taxes | 67/77 | €2,858 | €2,777 | -€81 | -2.8% |
| Profit (loss) for the period | 9904 | €2,260 | €2,432 | +€172 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,260 | €2,432 | +€172 | +7.6% |
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.