VOISIN IMMO: what changed
VOISIN IMMO
Largest movements
- Receivables within one year +€84,672
up €84,672 (+59.0%), from €143,407 to €228,079
of which Other amounts receivable: +€83,287
- Tangible fixed assets +€10,825
new in 2025: €10,825
- Cash -€6,246
down €6,246 (-63.9%), from €9,774 to €3,528
mainly Receivables within one year (-€84,672) and Trade debts (-€19,913)
- Reserves +€106,986
up €106,986 (+181%), from €59,110 to €166,096
- Trade debts -€19,913
down €19,913 (-55.4%), from €35,976 to €16,063
- Turnover -€291,149
no longer reported in 2025 (was €291,149)
- Purchases and services -€194,083
no longer reported in 2025 (was €194,083)
- Gross operating margin +€52,496
up €52,496 (+49.6%), from €105,840 to €158,336
- Staff costs -€48,988
down €48,988 (-79.4%), from €61,667 to €12,678
- Taxes +€23,261
up €23,261 (+218%), from €10,679 to €33,941
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,963 | €242,990 | +€89,026 | +57.8% |
| Fixed assets | 21/28 | €782 | €11,257 | +€10,475 | +1,340% |
| Tangible fixed assets | 22/27 | - | €10,825 | +€10,825 | |
| Plant, machinery and equipment | 23 | - | €10,825 | +€10,825 | |
| Financial fixed assets | 28 | €782 | €432 | -€350 | -44.8% |
| Current assets | 29/58 | €153,182 | €231,733 | +€78,551 | +51.3% |
| Amounts receivable within one year | 40/41 | €143,407 | €228,079 | +€84,672 | +59.0% |
| Trade receivables | 40 | €5,874 | €7,258 | +€1,385 | +23.6% |
| Other amounts receivable | 41 | €137,534 | €220,820 | +€83,287 | +60.6% |
| Cash at bank and in hand | 54/58 | €9,774 | €3,528 | -€6,246 | -63.9% |
| Deferred charges and accrued income | 490/1 | - | €126 | +€126 | |
| Total equity and liabilities | 10/49 | €153,963 | €242,990 | +€89,026 | +57.8% |
| Equity | 10/15 | €62,110 | €169,096 | +€106,986 | +172% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | - | -€3,000 | |
| Share premium | 1100/10 | €3,000 | - | -€3,000 | |
| Reserves | 13 | €59,110 | €166,096 | +€106,986 | +181% |
| Distributable reserves | 133 | €59,110 | €166,096 | +€106,986 | +181% |
| Amounts payable | 17/49 | €91,853 | €73,893 | -€17,960 | -19.6% |
| Amounts payable within one year | 42/48 | €91,853 | €73,893 | -€17,960 | -19.6% |
| Trade debts | 44 | €35,976 | €16,063 | -€19,913 | -55.4% |
| Suppliers | 440/4 | €35,976 | €16,063 | -€19,913 | -55.4% |
| Taxes, remuneration and social security | 45 | €55,877 | €57,830 | +€1,953 | +3.5% |
| Taxes | 450/3 | €51,256 | €57,830 | +€6,574 | +12.8% |
| Remuneration and social security | 454/9 | €4,621 | €0 | -€4,621 | -100% |
| Turnover | 70 | €291,149 | - | -€291,149 | |
| Goods, raw materials, services and sundry goods | 60/61 | €194,083 | - | -€194,083 | |
| Remuneration, social security and pensions | 62 | €61,667 | €12,678 | -€48,988 | -79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,124 | +€1,124 | |
| Other operating charges | 640/8 | €5,420 | €1,064 | -€4,355 | -80.4% |
| Non-recurring operating charges | 66A | €3,195 | €6,864 | +€3,669 | +115% |
| Gross operating margin | 9900 | €105,840 | €158,336 | +€52,496 | +49.6% |
| Operating profit (loss) | 9901 | €35,558 | €136,605 | +€101,047 | +284% |
| Financial income | 75/76B | €6,956 | €9,585 | +€2,629 | +37.8% |
| Recurring financial income | 75 | €6,956 | €9,585 | +€2,629 | +37.8% |
| Financial charges | 65/66B | €527 | €5,264 | +€4,737 | +899% |
| Recurring financial charges | 65 | €527 | €5,264 | +€4,737 | +899% |
| Profit (loss) for the period before taxes | 9903 | €41,987 | €140,927 | +€98,939 | +236% |
| Income taxes | 67/77 | €10,679 | €33,941 | +€23,261 | +218% |
| Profit (loss) for the period | 9904 | €31,308 | €106,986 | +€75,678 | +242% |
| Profit (loss) for the period to be appropriated | 9905 | €31,308 | €106,986 | +€75,678 | +242% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.