VOIZI: 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.
VOIZI
Largest movements
- Receivables within one year +€14,099
up €14,099 (+72.1%), from €19,560 to €33,659
of which Trade receivables: +€16,729
- Tangible fixed assets -€10,744
down €10,744 (-7.5%), from €143,501 to €132,756
of which Land and buildings: -€9,108
- Stocks and contracts -€2,371
down €2,371 (-4.6%), from €51,260 to €48,889
- Debts after one year -€28,337
down €28,337 (-25.7%), from €110,381 to €82,044
- Short-term financial debts +€12,000
up €12,000 (+70.6%), from €17,000 to €29,000
- Current portion of long-term debt +€11,765
up €11,765 (+471%), from €2,500 to €14,265
- Trade debts +€5,848
up €5,848 (+70.0%), from €8,358 to €14,206
- Other operating charges +€600
up €600 (+34.5%), from €1,739 to €2,339
- Financial charges +€464
up €464 (+13.5%), from €3,446 to €3,910
- Gross operating margin -€373
down €373 (-1.7%), from €21,351 to €20,978
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 | €217,124 | €219,436 | +€2,312 | +1.1% |
| Fixed assets | 21/28 | €143,501 | €132,756 | -€10,744 | -7.5% |
| Tangible fixed assets | 22/27 | €143,501 | €132,756 | -€10,744 | -7.5% |
| Land and buildings | 22 | €140,382 | €131,274 | -€9,108 | -6.5% |
| Plant, machinery and equipment | 23 | €2,219 | €1,364 | -€855 | -38.5% |
| Furniture and vehicles | 24 | €900 | €119 | -€781 | -86.8% |
| Current assets | 29/58 | €73,624 | €86,680 | +€13,056 | +17.7% |
| Stocks and contracts in progress | 3 | €51,260 | €48,889 | -€2,371 | -4.6% |
| Stocks | 30/36 | €51,260 | €48,889 | -€2,371 | -4.6% |
| Amounts receivable within one year | 40/41 | €19,560 | €33,659 | +€14,099 | +72.1% |
| Trade receivables | 40 | €15,425 | €32,154 | +€16,729 | +108% |
| Other amounts receivable | 41 | €4,135 | €1,505 | -€2,630 | -63.6% |
| Cash at bank and in hand | 54/58 | €2,594 | €3,838 | +€1,244 | +47.9% |
| Deferred charges and accrued income | 490/1 | €209 | €294 | +€85 | +40.5% |
| Total equity and liabilities | 10/49 | €217,124 | €219,436 | +€2,312 | +1.1% |
| Equity | 10/15 | €67,601 | €68,159 | +€558 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,001 | €49,559 | +€558 | +1.1% |
| Distributable reserves | 133 | €49,001 | €49,559 | +€558 | +1.1% |
| Amounts payable | 17/49 | €149,523 | €151,278 | +€1,754 | +1.2% |
| Amounts payable after more than one year | 17 | €110,381 | €82,044 | -€28,337 | -25.7% |
| Financial debts | 170/4 | €110,381 | €82,044 | -€28,337 | -25.7% |
| Amounts payable within one year | 42/48 | €39,142 | €69,233 | +€30,091 | +76.9% |
| Current portion of amounts payable after more than one year | 42 | €2,500 | €14,265 | +€11,765 | +471% |
| Financial debts | 43 | €17,000 | €29,000 | +€12,000 | +70.6% |
| Credit institutions | 430/8 | €17,000 | €29,000 | +€12,000 | +70.6% |
| Trade debts | 44 | €8,358 | €14,206 | +€5,848 | +70.0% |
| Suppliers | 440/4 | €8,358 | €14,206 | +€5,848 | +70.0% |
| Taxes, remuneration and social security | 45 | €2,664 | €2,551 | -€113 | -4.2% |
| Taxes | 450/3 | €2,664 | €2,551 | -€113 | -4.2% |
| Other amounts payable | 47/48 | €8,620 | €9,211 | +€591 | +6.9% |
| Remuneration, social security and pensions | 62 | €2,463 | €2,521 | +€58 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,717 | €10,744 | +€27 | +0.3% |
| Other operating charges | 640/8 | €1,739 | €2,339 | +€600 | +34.5% |
| Gross operating margin | 9900 | €21,351 | €20,978 | -€373 | -1.7% |
| Operating profit (loss) | 9901 | €6,432 | €5,374 | -€1,058 | -16.4% |
| Financial charges | 65/66B | €3,446 | €3,910 | +€464 | +13.5% |
| Recurring financial charges | 65 | €3,446 | €3,910 | +€464 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €2,986 | €1,464 | -€1,522 | -51.0% |
| Income taxes | 67/77 | €1,068 | €906 | -€162 | -15.2% |
| Profit (loss) for the period | 9904 | €1,917 | €558 | -€1,360 | -70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,917 | €558 | -€1,360 | -70.9% |
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.