VoiceOvers: 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.
VoiceOvers
Largest movements
- Receivables within one year +€22,925
up €22,925 (+63.2%), from €36,277 to €59,202
- Cash -€8,249
down €8,249 (-17.8%), from €46,299 to €38,050
mainly Receivables within one year (-€22,925) and Deferred charges and accrued income (-€5,569)
- Tangible fixed assets -€5,712
down €5,712 (-37.3%), from €15,310 to €9,598
of which Plant, machinery and equipment: -€3,708
- Deferred charges and accrued income +€5,569
up €5,569 (+957%), from €582 to €6,151
- Trade debts +€14,702
up €14,702 (+66.3%), from €22,174 to €36,876
- Reserves +€4,703
up €4,703 (+8.4%), from €56,022 to €60,724
- Tax, wage and social debts -€3,396
down €3,396 (-39.3%), from €8,636 to €5,240
- Gross operating margin +€8,115
up €8,115 (+141%), from €5,745 to €13,860
- Depreciation +€2,536
up €2,536 (+79.8%), from €3,176 to €5,712
- Taxes +€1,390
up €1,390 (+664%), from €209 to €1,599
- Financial charges +€901
up €901 (+455%), from €198 to €1,099
- Other operating charges +€156
up €156 (+26.4%), from €592 to €748
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 | €98,468 | €113,001 | +€14,533 | +14.8% |
| Fixed assets | 21/28 | €15,310 | €9,598 | -€5,712 | -37.3% |
| Tangible fixed assets | 22/27 | €15,310 | €9,598 | -€5,712 | -37.3% |
| Land and buildings | 22 | €6,245 | €4,895 | -€1,350 | -21.6% |
| Plant, machinery and equipment | 23 | €6,674 | €2,966 | -€3,708 | -55.6% |
| Furniture and vehicles | 24 | €2,391 | €1,737 | -€654 | -27.4% |
| Current assets | 29/58 | €83,158 | €103,403 | +€20,245 | +24.3% |
| Amounts receivable within one year | 40/41 | €36,277 | €59,202 | +€22,925 | +63.2% |
| Trade receivables | 40 | €36,277 | €59,202 | +€22,925 | +63.2% |
| Cash at bank and in hand | 54/58 | €46,299 | €38,050 | -€8,249 | -17.8% |
| Deferred charges and accrued income | 490/1 | €582 | €6,151 | +€5,569 | +957% |
| Total equity and liabilities | 10/49 | €98,468 | €113,001 | +€14,533 | +14.8% |
| Equity | 10/15 | €61,022 | €65,724 | +€4,703 | +7.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €56,022 | €60,724 | +€4,703 | +8.4% |
| Distributable reserves | 133 | €56,022 | €60,724 | +€4,703 | +8.4% |
| Amounts payable | 17/49 | €37,446 | €47,277 | +€9,831 | +26.3% |
| Amounts payable within one year | 42/48 | €37,046 | €47,277 | +€10,231 | +27.6% |
| Trade debts | 44 | €22,174 | €36,876 | +€14,702 | +66.3% |
| Suppliers | 440/4 | €22,174 | €36,876 | +€14,702 | +66.3% |
| Taxes, remuneration and social security | 45 | €8,636 | €5,240 | -€3,396 | -39.3% |
| Taxes | 450/3 | €8,636 | €5,240 | -€3,396 | -39.3% |
| Other amounts payable | 47/48 | €6,236 | €5,161 | -€1,075 | -17.2% |
| Accrued charges and deferred income | 492/3 | €400 | - | -€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,176 | €5,712 | +€2,536 | +79.8% |
| Other operating charges | 640/8 | €592 | €748 | +€156 | +26.4% |
| Gross operating margin | 9900 | €5,745 | €13,860 | +€8,115 | +141% |
| Operating profit (loss) | 9901 | €1,977 | €7,400 | +€5,423 | +274% |
| Financial charges | 65/66B | €198 | €1,099 | +€901 | +455% |
| Recurring financial charges | 65 | €198 | €1,099 | +€901 | +455% |
| Profit (loss) for the period before taxes | 9903 | €1,779 | €6,302 | +€4,522 | +254% |
| Income taxes | 67/77 | €209 | €1,599 | +€1,390 | +664% |
| Profit (loss) for the period | 9904 | €1,570 | €4,703 | +€3,133 | +200% |
| Profit (loss) for the period to be appropriated | 9905 | €1,570 | €4,703 | +€3,133 | +200% |
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 17 October 2026 via checked.be.