VONCO: 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.
VONCO
Largest movements
- Cash +€84,000
up €84,000 (+80.6%), from €104,193 to €188,193
mainly Net result for the year (+€60,781) and Depreciation (+€18,644)
- Tangible fixed assets -€17,551
down €17,551 (-28.1%), from €62,382 to €44,831
of which Furniture and vehicles: -€18,130
- Receivables within one year -€8,024
down €8,024 (-17.7%), from €45,348 to €37,324
of which Trade receivables: -€9,563
- Reserves +€55,000
up €55,000 (+28.1%), from €195,889 to €250,889
of which Distributable reserves: +€55,000
- Profit (loss) carried forward +€5,781
up €5,781 (+414%), from €1,396 to €7,177
- Other operating charges -€2,456
no longer reported in 2025 (was €2,456)
- Taxes -€1,764
down €1,764 (-6.9%), from €25,532 to €23,768
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 | €236,393 | €293,114 | +€56,721 | +24.0% |
| Fixed assets | 21/28 | €62,382 | €44,831 | -€17,551 | -28.1% |
| Tangible fixed assets | 22/27 | €62,382 | €44,831 | -€17,551 | -28.1% |
| Plant, machinery and equipment | 23 | €756 | €1,335 | +€579 | +76.6% |
| Furniture and vehicles | 24 | €61,626 | €43,496 | -€18,130 | -29.4% |
| Current assets | 29/58 | €174,011 | €248,283 | +€74,272 | +42.7% |
| Stocks and contracts in progress | 3 | €24,470 | €22,766 | -€1,704 | -7.0% |
| Stocks | 30/36 | €24,470 | €22,766 | -€1,704 | -7.0% |
| Amounts receivable within one year | 40/41 | €45,348 | €37,324 | -€8,024 | -17.7% |
| Trade receivables | 40 | €11,361 | €1,798 | -€9,563 | -84.2% |
| Other amounts receivable | 41 | €33,987 | €35,526 | +€1,539 | +4.5% |
| Cash at bank and in hand | 54/58 | €104,193 | €188,193 | +€84,000 | +80.6% |
| Total equity and liabilities | 10/49 | €236,393 | €293,114 | +€56,721 | +24.0% |
| Equity | 10/15 | €215,835 | €276,616 | +€60,781 | +28.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €195,889 | €250,889 | +€55,000 | +28.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €194,034 | €249,034 | +€55,000 | +28.3% |
| Profit (loss) carried forward | 14 | €1,396 | €7,177 | +€5,781 | +414% |
| Amounts payable | 17/49 | €20,558 | €16,498 | -€4,060 | -19.7% |
| Amounts payable within one year | 42/48 | €20,558 | €16,498 | -€4,060 | -19.7% |
| Trade debts | 44 | €4,488 | €2,761 | -€1,727 | -38.5% |
| Suppliers | 440/4 | €4,488 | €2,761 | -€1,727 | -38.5% |
| Taxes, remuneration and social security | 45 | €16,070 | €13,737 | -€2,333 | -14.5% |
| Taxes | 450/3 | €16,070 | €13,737 | -€2,333 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,634 | €18,644 | +€10 | +0.1% |
| Other operating charges | 640/8 | €2,456 | - | -€2,456 | |
| Gross operating margin | 9900 | €103,428 | €103,812 | +€384 | +0.4% |
| Operating profit (loss) | 9901 | €82,338 | €85,168 | +€2,830 | +3.4% |
| Financial charges | 65/66B | €410 | €619 | +€209 | +51.0% |
| Recurring financial charges | 65 | €410 | €619 | +€209 | +51.0% |
| Profit (loss) for the period before taxes | 9903 | €81,928 | €84,549 | +€2,621 | +3.2% |
| Income taxes | 67/77 | €25,532 | €23,768 | -€1,764 | -6.9% |
| Profit (loss) for the period | 9904 | €56,396 | €60,781 | +€4,385 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,396 | €60,781 | +€4,385 | +7.8% |
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 16 October 2026 via checked.be.