VOOR: 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.
VOOR
Largest movements
- Cash -€25,183
down €25,183 (-76.3%), from €33,018 to €7,834
mainly Other debts (-€24,602) and Net result for the year (-€4,723)
- Tangible fixed assets -€5,638
down €5,638 (-54.4%), from €10,373 to €4,735
of which Furniture and vehicles: -€5,479
- Receivables within one year +€1,820
up €1,820 (+72.8%), from €2,500 to €4,320
of which Other amounts receivable: +€1,320
- Other debts -€24,602
down €24,602 (-81.4%), from €30,229 to €5,626
- Reserves -€4,723
down €4,723 (-18.1%), from €26,041 to €21,318
- Financial income -€27,500
no longer reported in 2025 (was €27,500)
- Depreciation +€4,346
up €4,346 (+336.5%), from €1,292 to €5,638
- Gross operating margin +€737
up €737 (+58.0%), from €1,269 to €2,006
- Other operating charges +€420
up €420 (+84.2%), from €499 to €919
- Taxes +€60
up €60 (+57.7%), from €105 to €165
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 | €67,788 | €38,171 | -€29,617 | -43.7% |
| Fixed assets | 21/28 | €30,373 | €24,735 | -€5,638 | -18.6% |
| Tangible fixed assets | 22/27 | €10,373 | €4,735 | -€5,638 | -54.4% |
| Plant, machinery and equipment | 23 | €435 | €277 | -€158 | -36.4% |
| Furniture and vehicles | 24 | €9,938 | €4,458 | -€5,479 | -55.1% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €37,415 | €13,436 | -€23,979 | -64.1% |
| Amounts receivable within one year | 40/41 | €2,500 | €4,320 | +€1,820 | +72.8% |
| Trade receivables | 40 | €2,500 | €3,000 | +€500 | +20.0% |
| Other amounts receivable | 41 | - | €1,320 | +€1,320 | |
| Cash at bank and in hand | 54/58 | €33,018 | €7,834 | -€25,183 | -76.3% |
| Deferred charges and accrued income | 490/1 | €1,897 | €1,281 | -€616 | -32.5% |
| Total equity and liabilities | 10/49 | €67,788 | €38,171 | -€29,617 | -43.7% |
| Equity | 10/15 | €36,041 | €31,318 | -€4,723 | -13.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €26,041 | €21,318 | -€4,723 | -18.1% |
| Distributable reserves | 133 | €26,041 | €21,318 | -€4,723 | -18.1% |
| Amounts payable | 17/49 | €31,746 | €6,853 | -€24,893 | -78.4% |
| Amounts payable within one year | 42/48 | €31,746 | €6,853 | -€24,893 | -78.4% |
| Trade debts | 44 | €1,370 | €1,062 | -€308 | -22.5% |
| Suppliers | 440/4 | €1,370 | €1,062 | -€308 | -22.5% |
| Taxes, remuneration and social security | 45 | €148 | €165 | +€17 | +11.3% |
| Taxes | 450/3 | €148 | €165 | +€17 | +11.3% |
| Other amounts payable | 47/48 | €30,229 | €5,626 | -€24,602 | -81.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,292 | €5,638 | +€4,346 | +336.5% |
| Other operating charges | 640/8 | €499 | €919 | +€420 | +84.2% |
| Gross operating margin | 9900 | €1,269 | €2,006 | +€737 | +58.0% |
| Operating profit (loss) | 9901 | -€521 | -€4,551 | -€4,030 | -773.3% |
| Financial income | 75/76B | €27,500 | - | -€27,500 | |
| Recurring financial income | 75 | €27,500 | - | -€27,500 | |
| Financial charges | 65/66B | - | €8 | +€8 | |
| Recurring financial charges | 65 | - | €8 | +€8 | |
| Profit (loss) for the period before taxes | 9903 | €26,979 | -€4,558 | -€31,537 | |
| Income taxes | 67/77 | €105 | €165 | +€60 | +57.7% |
| Profit (loss) for the period | 9904 | €26,874 | -€4,723 | -€31,598 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,874 | -€4,723 | -€31,598 |
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 8 October 2026 via checked.be.