VONIKA: 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.
VONIKA
Largest movements
- Receivables within one year +€246,028
up €246,028 (+48.7%), from €505,038 to €751,066
of which Trade receivables: +€247,312
- Stocks and contracts +€139,381
up €139,381 (+136%), from €102,252 to €241,633
- Cash +€37,742
up €37,742 (+10.0%), from €376,042 to €413,785
mainly Net result for the year (+€433,379) and Tax, wage and social debts (+€105,357)
- Deferred charges and accrued income +€33,693
up €33,693 (+18.6%), from €180,794 to €214,487
- Reserves +€433,379
up €433,379 (+42.3%), from €1.0m to €1.5m
- Tax, wage and social debts +€105,357
up €105,357 (+170%), from €61,982 to €167,339
of which Taxes: +€102,976
- Trade debts -€81,340
down €81,340 (-83.7%), from €97,170 to €15,830
- Gross operating margin +€512,395
up €512,395 (+87.6%), from €584,805 to €1.1m
- Taxes +€169,029
up €169,029 (+458%), from €36,934 to €205,963
- Write-downs -€52,481
down €52,481 (-100%), from €52,481 to €0
- Financial income -€25,438
down €25,438 (-21.4%), from €118,903 to €93,465
- Depreciation +€18,263
up €18,263 (+141%), from €12,949 to €31,212
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 | €2,152,852 | €2,602,146 | +€449,294 | +20.9% |
| Fixed assets | 21/28 | €180,700 | €173,150 | -€7,550 | -4.2% |
| Intangible fixed assets | 21 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Tangible fixed assets | 22/27 | €123,102 | €125,182 | +€2,080 | +1.7% |
| Plant, machinery and equipment | 23 | €17,786 | €10,736 | -€7,051 | -39.6% |
| Furniture and vehicles | 24 | €480 | €0 | -€480 | -100% |
| Other tangible fixed assets | 26 | €104,836 | €114,446 | +€9,610 | +9.2% |
| Financial fixed assets | 28 | €7,598 | €7,968 | +€370 | +4.9% |
| Current assets | 29/58 | €1,972,152 | €2,428,996 | +€456,844 | +23.2% |
| Stocks and contracts in progress | 3 | €102,252 | €241,633 | +€139,381 | +136% |
| Stocks | 30/36 | €102,252 | €241,633 | +€139,381 | +136% |
| Amounts receivable within one year | 40/41 | €505,038 | €751,066 | +€246,028 | +48.7% |
| Trade receivables | 40 | €373,154 | €620,466 | +€247,312 | +66.3% |
| Other amounts receivable | 41 | €131,883 | €130,600 | -€1,284 | -1.0% |
| Current investments | 50/53 | €808,026 | €808,026 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €376,042 | €413,785 | +€37,742 | +10.0% |
| Deferred charges and accrued income | 490/1 | €180,794 | €214,487 | +€33,693 | +18.6% |
| Total equity and liabilities | 10/49 | €2,152,852 | €2,602,146 | +€449,294 | +20.9% |
| Equity | 10/15 | €1,118,200 | €1,551,580 | +€433,379 | +38.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,024,845 | €1,458,224 | +€433,379 | +42.3% |
| Distributable reserves | 133 | €1,024,845 | €1,458,224 | +€433,379 | +42.3% |
| Profit (loss) carried forward | 14 | €43,355 | €43,355 | = | 0.0% |
| Amounts payable | 17/49 | €1,034,652 | €1,050,566 | +€15,915 | +1.5% |
| Amounts payable within one year | 42/48 | €1,007,422 | €1,040,918 | +€33,495 | +3.3% |
| Trade debts | 44 | €97,170 | €15,830 | -€81,340 | -83.7% |
| Suppliers | 440/4 | €97,170 | €15,830 | -€81,340 | -83.7% |
| Advances received on contracts in progress | 46 | €696,274 | €696,274 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €61,982 | €167,339 | +€105,357 | +170% |
| Taxes | 450/3 | €15,778 | €118,753 | +€102,976 | +653% |
| Remuneration and social security | 454/9 | €46,205 | €48,586 | +€2,381 | +5.2% |
| Other amounts payable | 47/48 | €151,995 | €161,474 | +€9,478 | +6.2% |
| Accrued charges and deferred income | 492/3 | €27,229 | €9,649 | -€17,581 | -64.6% |
| Non-recurring operating income | 76A | - | €7,250 | +€7,250 | |
| Remuneration, social security and pensions | 62 | €476,266 | €488,078 | +€11,812 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,949 | €31,212 | +€18,263 | +141% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €52,481 | €0 | -€52,481 | -100% |
| Other operating charges | 640/8 | €16,645 | €21,184 | +€4,539 | +27.3% |
| Non-recurring operating charges | 66A | €21,544 | €0 | -€21,544 | -100% |
| Gross operating margin | 9900 | €584,805 | €1,097,200 | +€512,395 | +87.6% |
| Operating profit (loss) | 9901 | €4,920 | €556,726 | +€551,806 | +11,216% |
| Financial income | 75/76B | €118,903 | €93,465 | -€25,438 | -21.4% |
| Recurring financial income | 75 | €118,903 | €93,465 | -€25,438 | -21.4% |
| Financial charges | 65/66B | €10,511 | €10,849 | +€338 | +3.2% |
| Recurring financial charges | 65 | €10,511 | €10,849 | +€338 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €113,312 | €639,342 | +€526,030 | +464% |
| Income taxes | 67/77 | €36,934 | €205,963 | +€169,029 | +458% |
| Profit (loss) for the period | 9904 | €76,378 | €433,379 | +€357,001 | +467% |
| Profit (loss) for the period to be appropriated | 9905 | €76,378 | €433,379 | +€357,001 | +467% |
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 14 October 2026 via checked.be.