VOITH TURBO: 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.
What changed
VOITH TURBO
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€816,379
2024 · €71,087+€745,292
Equity
€627,222
2024 · €395,843+€231,379
Cash
€34,193
2024 · €19,644+€14,549
Balance sheet total
€1.6m
2024 · €713,458+€858,070
Largest movements
Assets
- Receivables within one year +€579,780
up €579,780 (+86.4%), from €671,236 to €1.3m
of which Other amounts receivable: +€575,329
- Deferred charges and accrued income +€267,587
new in 2025: €267,587
Equity and liabilities
- Other debts +€525,000
up €525,000 (+875%), from €60,000 to €585,000
- Profit (loss) carried forward +€231,379
up €231,379 (+615%), from €37,621 to €269,000
- Tax, wage and social debts +€110,874
up €110,874 (+47.9%), from €231,272 to €342,147
of which Taxes: +€73,248
Income statement
- Staff costs -€428,592
down €428,592 (-33.7%), from €1.3m to €845,064
- Financial income +€252,598
up €252,598 (+845%), from €29,881 to €282,478
- Taxes -€125,111
down €125,111, from €70,527 to -€54,584
- Gross operating margin -€60,651
down €60,651 (-4.3%), from €1.4m to €1.3m
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.
Result 2024
€71,087
Gross operating margin
-€60,651
Staff costs
+€428,592
Depreciation
-€348
Write-downs
+€8,000
Other operating charges
-€21
Other operating items
-€9,273
Financial income
+€252,598
Financial charges
+€1,285
Taxes
+€125,111
Result 2025
€816,379
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€600,020
Investment
-€470
Financing
-€585,000
Cash 2024
€19,644
From operations (derived)
+€600,020
Net result for the year
+€816,379
Depreciation
+€4,317
Receivables within one year
-€579,780
Deferred charges and accrued income
-€267,587
Provisions
-€8,000
Trade debts
-€1,184
Tax, wage and social debts
+€110,874
Other debts
+€525,000
Investment (derived)
-€470
Investment in fixed assets (net)
-€470
Financing
-€585,000
Contributions, distributions and other
-€585,000
Cash 2025
€34,193
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €713,458 | €1,571,528 | +€858,070 | +120% |
| Fixed assets | 21/28 | €22,578 | €18,732 | -€3,846 | -17.0% |
| Tangible fixed assets | 22/27 | €10,477 | €6,631 | -€3,846 | -36.7% |
| Land and buildings | 22 | €2,422 | €1,016 | -€1,407 | -58.1% |
| Plant, machinery and equipment | 23 | €648 | €468 | -€179 | -27.7% |
| Furniture and vehicles | 24 | €7,407 | €5,147 | -€2,260 | -30.5% |
| Financial fixed assets | 28 | €12,101 | €12,101 | = | 0.0% |
| Current assets | 29/58 | €690,880 | €1,552,796 | +€861,916 | +125% |
| Amounts receivable within one year | 40/41 | €671,236 | €1,251,016 | +€579,780 | +86.4% |
| Trade receivables | 40 | €81,401 | €85,852 | +€4,451 | +5.5% |
| Other amounts receivable | 41 | €589,835 | €1,165,164 | +€575,329 | +97.5% |
| Cash at bank and in hand | 54/58 | €19,644 | €34,193 | +€14,549 | +74.1% |
| Deferred charges and accrued income | 490/1 | - | €267,587 | +€267,587 | |
| Total equity and liabilities | 10/49 | €713,458 | €1,571,528 | +€858,070 | +120% |
| Equity | 10/15 | €395,843 | €627,222 | +€231,379 | +58.5% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €58,223 | €58,223 | = | 0.0% |
| Non-distributable reserves | 130/1 | €58,223 | €58,223 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €28,223 | €28,223 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,621 | €269,000 | +€231,379 | +615% |
| Provisions and deferred taxes | 16 | €8,000 | - | -€8,000 | |
| Provisions for liabilities and charges | 160/5 | €8,000 | - | -€8,000 | |
| Taxes | 161 | €8,000 | - | -€8,000 | |
| Amounts payable | 17/49 | €309,615 | €944,306 | +€634,691 | +205% |
| Amounts payable within one year | 42/48 | €309,615 | €944,306 | +€634,691 | +205% |
| Trade debts | 44 | €18,343 | €17,159 | -€1,184 | -6.5% |
| Suppliers | 440/4 | €18,343 | €17,159 | -€1,184 | -6.5% |
| Taxes, remuneration and social security | 45 | €231,272 | €342,147 | +€110,874 | +47.9% |
| Taxes | 450/3 | €71,591 | €144,839 | +€73,248 | +102% |
| Remuneration and social security | 454/9 | €159,682 | €197,308 | +€37,627 | +23.6% |
| Other amounts payable | 47/48 | €60,000 | €585,000 | +€525,000 | +875% |
| Remuneration, social security and pensions | 62 | €1,273,656 | €845,064 | -€428,592 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,969 | €4,317 | +€348 | +8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€8,000 | -€8,000 | |
| Other operating charges | 640/8 | €3,630 | €3,651 | +€21 | +0.6% |
| Non-recurring operating charges | 66A | €75 | €9,348 | +€9,273 | +12,364% |
| Gross operating margin | 9900 | €1,397,421 | €1,336,770 | -€60,651 | -4.3% |
| Operating profit (loss) | 9901 | €116,092 | €482,390 | +€366,299 | +316% |
| Financial income | 75/76B | €29,881 | €282,478 | +€252,598 | +845% |
| Recurring financial income | 75 | €29,881 | €282,478 | +€252,598 | +845% |
| Financial charges | 65/66B | €4,359 | €3,074 | -€1,285 | -29.5% |
| Recurring financial charges | 65 | €4,359 | €3,074 | -€1,285 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €141,613 | €761,795 | +€620,182 | +438% |
| Income taxes | 67/77 | €70,527 | -€54,584 | -€125,111 | |
| Profit (loss) for the period | 9904 | €71,087 | €816,379 | +€745,292 | +1,048% |
| Transfer from tax-exempt reserves | 789 | €86,763 | - | -€86,763 | |
| Profit (loss) for the period to be appropriated | 9905 | €157,849 | €816,379 | +€658,530 | +417% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.