Voogd: 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.
Voogd
Largest movements
- Receivables within one year +€988,086
new in 2025: €988,086
- Financial fixed assets -€944,000
down €944,000 (-94.0%), from €1.0m to €60,000
- Profit (loss) carried forward +€40,354
up €40,354 (+1742.3%), from €2,316 to €42,670
- Financial income +€45,296
up €45,296 (+357.3%), from €12,676 to €57,971
- Taxes +€13,918
up €13,918 (+1802.7%), from €772 to €14,690
- Gross operating margin -€287
down €287 (-17.4%), from -€1,653 to -€1,941
- Other operating charges +€219
up €219 (+31.9%), from €688 to €907
- Financial charges -€113
down €113 (-58.7%), from €193 to €80
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 | €1,638,465 | €1,695,698 | +€57,233 | +3.5% |
| Fixed assets | 21/28 | €1,004,000 | €60,000 | -€944,000 | -94.0% |
| Financial fixed assets | 28 | €1,004,000 | €60,000 | -€944,000 | -94.0% |
| Current assets | 29/58 | €634,465 | €1,635,698 | +€1.0m | +157.8% |
| Amounts receivable after more than one year | 29 | €632,676 | €646,561 | +€13,885 | +2.2% |
| Other amounts receivable | 291 | €632,676 | €646,561 | +€13,885 | +2.2% |
| Amounts receivable within one year | 40/41 | - | €988,086 | +€988,086 | |
| Other amounts receivable | 41 | - | €988,086 | +€988,086 | |
| Cash at bank and in hand | 54/58 | €1,789 | €1,050 | -€739 | -41.3% |
| Total equity and liabilities | 10/49 | €1,638,465 | €1,695,698 | +€57,233 | +3.5% |
| Equity | 10/15 | €3,340 | €43,694 | +€40,354 | +1208.2% |
| Contributions | 10/11 | €1,024 | €1,024 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,316 | €42,670 | +€40,354 | +1742.3% |
| Amounts payable | 17/49 | €1,635,125 | €1,652,004 | +€16,879 | +1.0% |
| Amounts payable within one year | 42/48 | €1,635,125 | €1,652,004 | +€16,879 | +1.0% |
| Trade debts | 44 | €39 | €0 | -€39 | -100.0% |
| Suppliers | 440/4 | €39 | €0 | -€39 | -100.0% |
| Taxes, remuneration and social security | 45 | €772 | €14,690 | +€13,918 | +1802.7% |
| Taxes | 450/3 | €772 | €14,690 | +€13,918 | +1802.7% |
| Other amounts payable | 47/48 | €1,634,314 | €1,637,314 | +€3,000 | +0.2% |
| Other operating charges | 640/8 | €688 | €907 | +€219 | +31.9% |
| Gross operating margin | 9900 | -€1,653 | -€1,941 | -€287 | -17.4% |
| Operating profit (loss) | 9901 | -€2,341 | -€2,848 | -€506 | -21.6% |
| Financial income | 75/76B | €12,676 | €57,971 | +€45,296 | +357.3% |
| Recurring financial income | 75 | €12,676 | €57,971 | +€45,296 | +357.3% |
| Financial charges | 65/66B | €193 | €80 | -€113 | -58.7% |
| Recurring financial charges | 65 | €193 | €80 | -€113 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | €10,141 | €55,044 | +€44,903 | +442.8% |
| Income taxes | 67/77 | €772 | €14,690 | +€13,918 | +1802.7% |
| Profit (loss) for the period | 9904 | €9,369 | €40,354 | +€30,985 | +330.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,369 | €40,354 | +€30,985 | +330.7% |
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 4 October 2026 via checked.be.