VOICE-MASTER: 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.
VOICE-MASTER
Largest movements
- Receivables within one year -€7,560
no longer reported in 2025 (was €7,560)
- Cash +€6,819
up €6,819 (+27.4%), from €24,859 to €31,677
mainly Receivables within one year (+€7,560) and Net result for the year (+€853)
- Trade debts -€1,332
down €1,332 (-20.1%), from €6,643 to €5,311
- Reserves +€853
up €853 (+4.7%), from €18,187 to €19,040
of which Distributable reserves: +€853
- Gross operating margin -€310
down €310 (-20.9%), from €1,485 to €1,175
- Financial income +€97
up €97 (+119.6%), from €81 to €178
- Taxes -€69
down €69 (-18.3%), from €374 to €306
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 | €32,419 | €31,677 | -€742 | -2.3% |
| Current assets | 29/58 | €32,419 | €31,677 | -€742 | -2.3% |
| Amounts receivable within one year | 40/41 | €7,560 | - | -€7,560 | |
| Trade receivables | 40 | €7,560 | - | -€7,560 | |
| Cash at bank and in hand | 54/58 | €24,859 | €31,677 | +€6,819 | +27.4% |
| Total equity and liabilities | 10/49 | €32,419 | €31,677 | -€742 | -2.3% |
| Equity | 10/15 | €24,387 | €25,240 | +€853 | +3.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,187 | €19,040 | +€853 | +4.7% |
| 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 | €16,327 | €17,180 | +€853 | +5.2% |
| Amounts payable | 17/49 | €8,032 | €6,437 | -€1,595 | -19.9% |
| Amounts payable within one year | 42/48 | €7,032 | €5,437 | -€1,595 | -22.7% |
| Trade debts | 44 | €6,643 | €5,311 | -€1,332 | -20.1% |
| Suppliers | 440/4 | €6,643 | €5,311 | -€1,332 | -20.1% |
| Taxes, remuneration and social security | 45 | €389 | €126 | -€263 | -67.6% |
| Taxes | 450/3 | €389 | €126 | -€263 | -67.6% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €1,485 | €1,175 | -€310 | -20.9% |
| Operating profit (loss) | 9901 | €1,367 | €1,055 | -€312 | -22.9% |
| Financial income | 75/76B | €81 | €178 | +€97 | +119.6% |
| Recurring financial income | 75 | €81 | €178 | +€97 | +119.6% |
| Financial charges | 65/66B | €67 | €74 | +€7 | +10.4% |
| Recurring financial charges | 65 | €67 | €74 | +€7 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €1,381 | €1,159 | -€222 | -16.1% |
| Income taxes | 67/77 | €374 | €306 | -€69 | -18.3% |
| Profit (loss) for the period | 9904 | €1,007 | €853 | -€154 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,007 | €853 | -€154 | -15.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.