VOONKE: 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.
VOONKE
Largest movements
- Tangible fixed assets +€281,861
up €281,861 (+761.2%), from €37,029 to €318,891
of which Land and buildings: +€316,253
- Cash -€82,745
down €82,745 (-66.5%), from €124,341 to €41,595
mainly Investment in fixed assets (net) (-€279,206) and Contributions, distributions and other (-€72,898)
- Receivables within one year +€17,889
up €17,889 (+288.0%), from €6,211 to €24,100
of which Trade receivables: +€20,360
- Deferred charges and accrued income -€7,278
down €7,278 (-78.5%), from €9,277 to €1,998
- Stocks and contracts -€6,233
down €6,233 (-100.0%), from €6,233 to €0
- Debts after one year +€292,122
new in 2025: €292,122
- Reserves -€75,087
down €75,087 (-62.6%), from €120,027 to €44,940
- Profit (loss) carried forward -€14,040
new in 2025: -€14,040
- Current portion of long-term debt +€12,878
new in 2025: €12,878
- Tax, wage and social debts -€12,446
down €12,446 (-97.6%), from €12,746 to €301
of which Remuneration and social security: -€7,804
- Staff costs +€18,830
up €18,830 (+17.1%), from €110,108 to €128,939
- Gross operating margin -€17,787
down €17,787 (-12.0%), from €147,839 to €130,052
- Taxes -€7,415
down €7,415 (-100.0%), from €7,415 to €0
- Depreciation -€6,011
down €6,011 (-76.5%), from €7,856 to €1,845
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 | €187,590 | €386,584 | +€198,994 | +106.1% |
| Fixed assets | 21/28 | €41,529 | €318,891 | +€277,361 | +667.9% |
| Tangible fixed assets | 22/27 | €37,029 | €318,891 | +€281,861 | +761.2% |
| Land and buildings | 22 | - | €316,253 | +€316,253 | |
| Plant, machinery and equipment | 23 | €4,329 | €0 | -€4,329 | -100.0% |
| Furniture and vehicles | 24 | €7,185 | €1,419 | -€5,767 | -80.3% |
| Other tangible fixed assets | 26 | €25,515 | €1,219 | -€24,296 | -95.2% |
| Financial fixed assets | 28 | €4,500 | €0 | -€4,500 | -100.0% |
| Current assets | 29/58 | €146,061 | €67,693 | -€78,368 | -53.7% |
| Stocks and contracts in progress | 3 | €6,233 | €0 | -€6,233 | -100.0% |
| Stocks | 30/36 | €6,233 | €0 | -€6,233 | -100.0% |
| Amounts receivable within one year | 40/41 | €6,211 | €24,100 | +€17,889 | +288.0% |
| Trade receivables | 40 | €2,001 | €22,361 | +€20,360 | +1017.6% |
| Other amounts receivable | 41 | €4,210 | €1,739 | -€2,472 | -58.7% |
| Cash at bank and in hand | 54/58 | €124,341 | €41,595 | -€82,745 | -66.5% |
| Deferred charges and accrued income | 490/1 | €9,277 | €1,998 | -€7,278 | -78.5% |
| Total equity and liabilities | 10/49 | €187,590 | €386,584 | +€198,994 | +106.1% |
| Equity | 10/15 | €138,627 | €49,500 | -€89,127 | -64.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €120,027 | €44,940 | -€75,087 | -62.6% |
| Distributable reserves | 133 | €120,027 | €44,940 | -€75,087 | -62.6% |
| Profit (loss) carried forward | 14 | - | -€14,040 | -€14,040 | |
| Amounts payable | 17/49 | €48,964 | €337,084 | +€288,121 | +588.4% |
| Amounts payable after more than one year | 17 | - | €292,122 | +€292,122 | |
| Financial debts | 170/4 | - | €292,122 | +€292,122 | |
| Amounts payable within one year | 42/48 | €45,731 | €42,938 | -€2,793 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | - | €12,878 | +€12,878 | |
| Trade debts | 44 | €4,496 | €3,000 | -€1,496 | -33.3% |
| Suppliers | 440/4 | €4,496 | €3,000 | -€1,496 | -33.3% |
| Taxes, remuneration and social security | 45 | €12,746 | €301 | -€12,446 | -97.6% |
| Taxes | 450/3 | €4,943 | €301 | -€4,642 | -93.9% |
| Remuneration and social security | 454/9 | €7,804 | €0 | -€7,804 | -100.0% |
| Other amounts payable | 47/48 | €28,488 | €26,759 | -€1,729 | -6.1% |
| Accrued charges and deferred income | 492/3 | €3,233 | €2,025 | -€1,208 | -37.4% |
| Non-recurring operating income | 76A | - | €2,500 | +€2,500 | |
| Remuneration, social security and pensions | 62 | €110,108 | €128,939 | +€18,830 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,856 | €1,845 | -€6,011 | -76.5% |
| Other operating charges | 640/8 | €2,578 | €2,077 | -€501 | -19.4% |
| Non-recurring operating charges | 66A | €1,120 | €10,949 | +€9,828 | +877.2% |
| Gross operating margin | 9900 | €147,839 | €130,052 | -€17,787 | -12.0% |
| Operating profit (loss) | 9901 | €26,177 | -€13,757 | -€39,934 | |
| Financial income | 75/76B | €261 | €615 | +€355 | +135.9% |
| Recurring financial income | 75 | €261 | €615 | +€355 | +135.9% |
| Financial charges | 65/66B | €2,688 | €3,088 | +€399 | +14.9% |
| Recurring financial charges | 65 | €2,688 | €3,088 | +€399 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €23,750 | -€16,229 | -€39,979 | |
| Income taxes | 67/77 | €7,415 | €0 | -€7,415 | -100.0% |
| Profit (loss) for the period | 9904 | €16,334 | -€16,229 | -€32,564 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,334 | -€16,229 | -€32,564 |
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 12 October 2026 via checked.be.