VOITHUUR: 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.
VOITHUUR
Largest movements
- Receivables within one year +€171,676
up €171,676 (+184%), from €93,440 to €265,117
of which Other amounts receivable: +€162,875
- Tangible fixed assets -€135,923
down €135,923 (-35.5%), from €383,245 to €247,322
of which Furniture and vehicles: -€134,489
- Stocks and contracts +€23,929
up €23,929 (+15.3%), from €156,184 to €180,113
- Deferred charges and accrued income -€10,568
down €10,568 (-56.0%), from €18,866 to €8,298
- Other debts +€172,809
up €172,809 (+22.2%), from €778,954 to €951,764
- Profit (loss) carried forward -€61,335
down €61,335 (-9.2%), from -€665,216 to -€726,551
- Debts after one year -€41,851
down €41,851 (-51.5%), from €81,297 to €39,446
- Trade debts -€30,792
down €30,792 (-31.2%), from €98,731 to €67,939
- Gross operating margin +€133,592
up €133,592, from -€33,946 to €99,646
- Staff costs +€20,809
up €20,809 (+930%), from €2,238 to €23,046
- Depreciation -€8,847
down €8,847 (-8.0%), from €110,188 to €101,341
- Taxes -€8,237
no longer reported in 2025 (was €8,237)
- Financial charges -€2,521
down €2,521 (-9.8%), from €25,662 to €23,142
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 | €666,902 | €713,884 | +€46,982 | +7.0% |
| Fixed assets | 21/28 | €389,245 | €254,722 | -€134,523 | -34.6% |
| Tangible fixed assets | 22/27 | €383,245 | €247,322 | -€135,923 | -35.5% |
| Plant, machinery and equipment | 23 | €5,676 | €4,437 | -€1,238 | -21.8% |
| Furniture and vehicles | 24 | €199,373 | €64,885 | -€134,489 | -67.5% |
| Leasing and similar rights | 25 | €178,000 | €178,000 | = | 0.0% |
| Other tangible fixed assets | 26 | €196 | - | -€196 | |
| Financial fixed assets | 28 | €6,000 | €7,400 | +€1,400 | +23.3% |
| Current assets | 29/58 | €277,657 | €459,162 | +€181,505 | +65.4% |
| Stocks and contracts in progress | 3 | €156,184 | €180,113 | +€23,929 | +15.3% |
| Stocks | 30/36 | €156,184 | €180,113 | +€23,929 | +15.3% |
| Amounts receivable within one year | 40/41 | €93,440 | €265,117 | +€171,676 | +184% |
| Trade receivables | 40 | €86,759 | €95,560 | +€8,801 | +10.1% |
| Other amounts receivable | 41 | €6,681 | €169,556 | +€162,875 | +2,438% |
| Cash at bank and in hand | 54/58 | €9,166 | €5,634 | -€3,533 | -38.5% |
| Deferred charges and accrued income | 490/1 | €18,866 | €8,298 | -€10,568 | -56.0% |
| Total equity and liabilities | 10/49 | €666,902 | €713,884 | +€46,982 | +7.0% |
| Equity | 10/15 | -€328,972 | -€390,306 | -€61,335 | -18.6% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €211,245 | €211,245 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €198,745 | €198,745 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€665,216 | -€726,551 | -€61,335 | -9.2% |
| Amounts payable | 17/49 | €995,873 | €1,104,190 | +€108,317 | +10.9% |
| Amounts payable after more than one year | 17 | €81,297 | €39,446 | -€41,851 | -51.5% |
| Financial debts | 170/4 | €81,297 | €39,446 | -€41,851 | -51.5% |
| Amounts payable within one year | 42/48 | €914,576 | €1,064,744 | +€150,168 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €36,734 | €41,851 | +€5,116 | +13.9% |
| Trade debts | 44 | €98,731 | €67,939 | -€30,792 | -31.2% |
| Suppliers | 440/4 | €98,731 | €67,939 | -€30,792 | -31.2% |
| Taxes, remuneration and social security | 45 | €157 | €3,190 | +€3,033 | +1,932% |
| Remuneration and social security | 454/9 | €157 | €3,190 | +€3,033 | +1,932% |
| Other amounts payable | 47/48 | €778,954 | €951,764 | +€172,809 | +22.2% |
| Non-recurring operating income | 76A | €23,432 | - | -€23,432 | |
| Remuneration, social security and pensions | 62 | €2,238 | €23,046 | +€20,809 | +930% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,188 | €101,341 | -€8,847 | -8.0% |
| Other operating charges | 640/8 | €14,890 | €13,452 | -€1,439 | -9.7% |
| Gross operating margin | 9900 | -€33,946 | €99,646 | +€133,592 | |
| Operating profit (loss) | 9901 | -€161,262 | -€38,193 | +€123,068 | +76.3% |
| Financial charges | 65/66B | €25,662 | €23,142 | -€2,521 | -9.8% |
| Recurring financial charges | 65 | €25,662 | €23,142 | -€2,521 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€186,924 | -€61,335 | +€125,589 | +67.2% |
| Income taxes | 67/77 | €8,237 | - | -€8,237 | |
| Profit (loss) for the period | 9904 | -€195,161 | -€61,335 | +€133,826 | +68.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€195,161 | -€61,335 | +€133,826 | +68.6% |
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 16 October 2026 via checked.be.