VOKA Project Services: 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.
VOKA Project Services
Largest movements
- Receivables within one year +€1.4m
up €1.4m (+40.1%), from €3.6m to €5.0m
of which Other amounts receivable: +€1.4m
- Cash +€106,850
up €106,850 (+47.2%), from €226,145 to €332,995
mainly Advances received (+€2.2m)
- Advances received +€2.2m
up €2.2m (+101%), from €2.2m to €4.4m
- Accrued charges and deferred income -€586,448
down €586,448 (-41.5%), from €1.4m to €828,142
- Profit (loss) carried forward -€80,000
down €80,000 (-42.3%), from €189,093 to €109,093
- Gross operating margin -€1.4m
down €1.4m (-42.3%), from €3.4m to €1.9m
- Other operating charges -€1.3m
down €1.3m (-39.9%), from €3.4m to €2.0m
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 | €3,783,912 | €5,317,573 | +€1.5m | +40.5% |
| Current assets | 29/58 | €3,783,912 | €5,317,573 | +€1.5m | +40.5% |
| Amounts receivable within one year | 40/41 | €3,557,767 | €4,984,578 | +€1.4m | +40.1% |
| Trade receivables | 40 | €11,509 | €6,551 | -€4,958 | -43.1% |
| Other amounts receivable | 41 | €3,546,259 | €4,978,027 | +€1.4m | +40.4% |
| Cash at bank and in hand | 54/58 | €226,145 | €332,995 | +€106,850 | +47.2% |
| Total equity and liabilities | 10/49 | €3,783,912 | €5,317,573 | +€1.5m | +40.5% |
| Equity | 10/15 | €189,093 | €109,093 | -€80,000 | -42.3% |
| Profit (loss) carried forward | 14 | €189,093 | €109,093 | -€80,000 | -42.3% |
| Amounts payable | 17/49 | €3,594,820 | €5,208,480 | +€1.6m | +44.9% |
| Amounts payable within one year | 42/48 | €2,180,230 | €4,380,339 | +€2.2m | +101% |
| Advances received on contracts in progress | 46 | €2,180,230 | €4,380,339 | +€2.2m | +101% |
| Accrued charges and deferred income | 492/3 | €1,414,590 | €828,142 | -€586,448 | -41.5% |
| Other operating charges | 640/8 | €3,368,499 | €2,024,777 | -€1.3m | -39.9% |
| Gross operating margin | 9900 | €3,369,056 | €1,945,269 | -€1.4m | -42.3% |
| Operating profit (loss) | 9901 | €557 | -€79,508 | -€80,065 | |
| Financial income | 75/76B | - | €29 | +€29 | |
| Recurring financial income | 75 | - | €29 | +€29 | |
| Financial charges | 65/66B | €403 | €520 | +€118 | +29.3% |
| Recurring financial charges | 65 | €403 | €520 | +€118 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €154 | -€80,000 | -€80,154 | |
| Profit (loss) for the period | 9904 | €154 | -€80,000 | -€80,154 | |
| Profit (loss) for the period to be appropriated | 9905 | €154 | -€80,000 | -€80,154 |
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 24 October 2026 via checked.be.