VOKA Shared 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 Shared Services
Largest movements
- Receivables within one year +€590,653
up €590,653 (+24.3%), from €2.4m to €3.0m
of which Trade receivables: +€658,937
- Stocks and contracts -€147,469
down €147,469 (-52.6%), from €280,138 to €132,669
- Cash +€53,431
up €53,431 (+4.7%), from €1.1m to €1.2m
mainly Trade debts (+€590,684) and Stocks and contracts (+€147,469)
- Deferred charges and accrued income +€45,559
up €45,559 (+64.2%), from €70,959 to €116,518
- Trade debts +€590,684
up €590,684 (+25.7%), from €2.3m to €2.9m
- Advances received -€90,839
down €90,839 (-40.2%), from €226,240 to €135,402
- Staff costs +€452,776
up €452,776 (+44.7%), from €1.0m to €1.5m
- Gross operating margin +€336,003
up €336,003 (+10.1%), from €3.3m to €3.7m
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.
Cash bridge derived
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 | €3,932,864 | €4,471,125 | +€538,260 | +13.7% |
| Fixed assets | 21/28 | €13,286 | €9,372 | -€3,913 | -29.5% |
| Tangible fixed assets | 22/27 | €13,285 | €9,371 | -€3,913 | -29.5% |
| Plant, machinery and equipment | 23 | €13,285 | €9,371 | -€3,913 | -29.5% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €3,919,579 | €4,461,752 | +€542,174 | +13.8% |
| Stocks and contracts in progress | 3 | €280,138 | €132,669 | -€147,469 | -52.6% |
| Contracts in progress | 37 | €280,138 | €132,669 | -€147,469 | -52.6% |
| Amounts receivable within one year | 40/41 | €2,432,148 | €3,022,801 | +€590,653 | +24.3% |
| Trade receivables | 40 | €2,333,951 | €2,992,888 | +€658,937 | +28.2% |
| Other amounts receivable | 41 | €98,196 | €29,912 | -€68,284 | -69.5% |
| Cash at bank and in hand | 54/58 | €1,136,334 | €1,189,765 | +€53,431 | +4.7% |
| Deferred charges and accrued income | 490/1 | €70,959 | €116,518 | +€45,559 | +64.2% |
| Total equity and liabilities | 10/49 | €3,932,864 | €4,471,125 | +€538,260 | +13.7% |
| Equity | 10/15 | €469,217 | €503,797 | +€34,580 | +7.4% |
| Contributions | 10/11 | €161,000 | €161,000 | = | 0.0% |
| Reserves | 13 | €16,100 | €16,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,100 | €16,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,100 | €16,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €292,117 | €326,697 | +€34,580 | +11.8% |
| Amounts payable | 17/49 | €3,463,647 | €3,967,328 | +€503,680 | +14.5% |
| Amounts payable after more than one year | 17 | €636,650 | €636,650 | = | 0.0% |
| Financial debts | 170/4 | €636,650 | €636,650 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,805,450 | €3,320,477 | +€515,027 | +18.4% |
| Trade debts | 44 | €2,298,019 | €2,888,702 | +€590,684 | +25.7% |
| Suppliers | 440/4 | €2,298,019 | €2,888,702 | +€590,684 | +25.7% |
| Advances received on contracts in progress | 46 | €226,240 | €135,402 | -€90,839 | -40.2% |
| Taxes, remuneration and social security | 45 | €281,190 | €296,372 | +€15,182 | +5.4% |
| Taxes | 450/3 | €50,441 | €50,441 | = | 0.0% |
| Remuneration and social security | 454/9 | €230,749 | €245,931 | +€15,182 | +6.6% |
| Accrued charges and deferred income | 492/3 | €21,548 | €10,201 | -€11,346 | -52.7% |
| Remuneration, social security and pensions | 62 | €1,013,614 | €1,466,390 | +€452,776 | +44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,122 | €7,142 | +€1,020 | +16.7% |
| Other operating charges | 640/8 | €2,110,430 | €2,095,439 | -€14,990 | -0.7% |
| Gross operating margin | 9900 | €3,322,991 | €3,658,994 | +€336,003 | +10.1% |
| Operating profit (loss) | 9901 | €192,826 | €90,024 | -€102,802 | -53.3% |
| Financial income | 75/76B | €563 | €49 | -€514 | -91.2% |
| Recurring financial income | 75 | €563 | €49 | -€514 | -91.2% |
| Financial charges | 65/66B | €2,403 | €2,796 | +€393 | +16.4% |
| Recurring financial charges | 65 | €2,403 | €2,796 | +€393 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €190,986 | €87,277 | -€103,709 | -54.3% |
| Income taxes | 67/77 | €85,109 | €52,697 | -€32,412 | -38.1% |
| Profit (loss) for the period | 9904 | €105,877 | €34,580 | -€71,297 | -67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €105,877 | €34,580 | -€71,297 | -67.3% |
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 11 October 2026 via checked.be.