VOO.DO: what changed
Two fiscal 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.
What changed
VOO.DO
NACE 16.230, Manufacture of other builders' carpentry and joinery
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€462,701
2024 · €499,768-€37,067
Equity
€463,075
2024 · €438,375+€24,701
Cash
€640,108
2024 · €459,317+€180,791
Balance sheet total
€2.9m
2024 · €2.7m+€246,437
Largest movements
Assets
- Cash +€180,791
up €180,791 (+39.4%), from €459,317 to €640,108
mainly Net result for the year (+€462,701) and Other debts (+€144,234)
- Receivables within one year +€131,769
up €131,769 (+8.3%), from €1.6m to €1.7m
of which Other amounts receivable: +€72,546
- Tangible fixed assets -€83,934
down €83,934 (-18.3%), from €459,365 to €375,431
of which Plant, machinery and equipment: -€54,088
Equity and liabilities
- Other debts +€144,234
up €144,234 (+11.8%), from €1.2m to €1.4m
- Trade debts +€77,042
up €77,042 (+12.1%), from €637,515 to €714,557
- Debts after one year -€43,767
down €43,767 (-24.8%), from €176,215 to €132,448
Income statement
- Gross operating margin -€34,798
down €34,798 (-1.8%), from €2.0m to €1.9m
- Other operating charges -€23,957
down €23,957 (-91.2%), from €26,268 to €2,311
- Write-downs +€22,341
no longer reported in 2025 (was -€22,341)
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.
Result 2024
€499,768
Gross operating margin
-€34,798
Staff costs
-€2,408
Depreciation
-€4,206
Write-downs
-€22,341
Other operating charges
+€23,957
Financial income
-€4,205
Financial charges
+€1,640
Taxes
+€5,293
Result 2025
€462,701
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.
From operations
+€673,522
Investment
-€30,469
Financing
-€462,261
Cash 2024
€459,317
From operations (derived)
+€673,522
Net result for the year
+€462,701
Depreciation
+€114,403
Stocks and contracts
-€15,456
Receivables within one year
-€131,769
Deferred charges and accrued income
-€2,356
Trade debts
+€77,042
Tax, wage and social debts
+€24,740
Other debts
+€144,234
Accrued charges and deferred income
-€18
Investment (derived)
-€30,469
Investment in fixed assets (net)
-€30,469
Financing
-€462,261
Debts after one year
-€43,767
Current portion of long-term debt
+€16,743
Short-term financial debts
+€2,762
Contributions, distributions and other
-€438,000
Cash 2025
€640,108
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,693,557 | €2,939,994 | +€246,437 | +9.1% |
| Fixed assets | 21/28 | €462,114 | €378,180 | -€83,934 | -18.2% |
| Tangible fixed assets | 22/27 | €459,365 | €375,431 | -€83,934 | -18.3% |
| Plant, machinery and equipment | 23 | €178,422 | €124,334 | -€54,088 | -30.3% |
| Furniture and vehicles | 24 | €40,990 | €30,036 | -€10,955 | -26.7% |
| Other tangible fixed assets | 26 | €239,953 | €221,062 | -€18,891 | -7.9% |
| Financial fixed assets | 28 | €2,749 | €2,749 | = | 0.0% |
| Current assets | 29/58 | €2,231,443 | €2,561,814 | +€330,371 | +14.8% |
| Stocks and contracts in progress | 3 | €168,187 | €183,643 | +€15,456 | +9.2% |
| Stocks | 30/36 | €168,187 | €183,643 | +€15,456 | +9.2% |
| Amounts receivable within one year | 40/41 | €1,587,050 | €1,718,819 | +€131,769 | +8.3% |
| Trade receivables | 40 | €1,270,058 | €1,329,280 | +€59,223 | +4.7% |
| Other amounts receivable | 41 | €316,992 | €389,538 | +€72,546 | +22.9% |
| Cash at bank and in hand | 54/58 | €459,317 | €640,108 | +€180,791 | +39.4% |
| Deferred charges and accrued income | 490/1 | €16,888 | €19,244 | +€2,356 | +13.9% |
| Total equity and liabilities | 10/49 | €2,693,557 | €2,939,994 | +€246,437 | +9.1% |
| Equity | 10/15 | €438,375 | €463,075 | +€24,701 | +5.6% |
| Contributions | 10/11 | €19,336 | €19,336 | = | 0.0% |
| Reserves | 13 | €419,039 | €443,740 | +€24,701 | +5.9% |
| Non-distributable reserves | 130/1 | €1,934 | €1,934 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,934 | €1,934 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,597 | €37,597 | = | 0.0% |
| Distributable reserves | 133 | €379,508 | €404,209 | +€24,701 | +6.5% |
| Amounts payable | 17/49 | €2,255,182 | €2,476,918 | +€221,736 | +9.8% |
| Amounts payable after more than one year | 17 | €176,215 | €132,448 | -€43,767 | -24.8% |
| Financial debts | 170/4 | €176,215 | €132,448 | -€43,767 | -24.8% |
| Amounts payable within one year | 42/48 | €2,073,608 | €2,339,129 | +€265,521 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €63,487 | €80,231 | +€16,743 | +26.4% |
| Financial debts | 43 | - | €2,762 | +€2,762 | |
| Credit institutions | 430/8 | - | €2,762 | +€2,762 | |
| Trade debts | 44 | €637,515 | €714,557 | +€77,042 | +12.1% |
| Suppliers | 440/4 | €637,515 | €714,557 | +€77,042 | +12.1% |
| Taxes, remuneration and social security | 45 | €149,438 | €174,178 | +€24,740 | +16.6% |
| Taxes | 450/3 | €6,666 | €18,873 | +€12,207 | +183.1% |
| Remuneration and social security | 454/9 | €142,771 | €155,304 | +€12,533 | +8.8% |
| Other amounts payable | 47/48 | €1,223,168 | €1,367,402 | +€144,234 | +11.8% |
| Accrued charges and deferred income | 492/3 | €5,359 | €5,341 | -€18 | -0.3% |
| Non-recurring operating income | 76A | - | €2,840 | +€2,840 | |
| Remuneration, social security and pensions | 62 | €1,309,598 | €1,312,006 | +€2,408 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,198 | €114,403 | +€4,206 | +3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€22,341 | - | +€22,341 | |
| Other operating charges | 640/8 | €26,268 | €2,311 | -€23,957 | -91.2% |
| Gross operating margin | 9900 | €1,955,430 | €1,920,632 | -€34,798 | -1.8% |
| Operating profit (loss) | 9901 | €531,707 | €491,912 | -€39,796 | -7.5% |
| Financial income | 75/76B | €4,290 | €85 | -€4,205 | -98.0% |
| Recurring financial income | 75 | €4,290 | €85 | -€4,205 | -98.0% |
| Financial charges | 65/66B | €12,892 | €11,252 | -€1,640 | -12.7% |
| Recurring financial charges | 65 | €12,892 | €11,252 | -€1,640 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €523,105 | €480,745 | -€42,360 | -8.1% |
| Income taxes | 67/77 | €23,337 | €18,044 | -€5,293 | -22.7% |
| Profit (loss) for the period | 9904 | €499,768 | €462,701 | -€37,067 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €499,768 | €462,701 | -€37,067 | -7.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.