VOORDECKER: 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.
VOORDECKER
Largest movements
- Cash +€15,288
up €15,288 (+7.6%), from €201,933 to €217,221
mainly Receivables within one year (+€5,825) and Depreciation (+€4,691)
- Receivables within one year -€5,825
down €5,825 (-14.7%), from €39,679 to €33,854
of which Trade receivables: -€6,672
- Tangible fixed assets -€4,691
down €4,691 (-63.9%), from €7,343 to €2,652
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€10,077
up €10,077, from -€2,218 to €7,859
- Other operating charges +€253
new in 2025: €253
- Depreciation -€106
down €106 (-2.2%), from €4,797 to €4,691
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 | €374,175 | €378,946 | +€4,772 | +1.3% |
| Fixed assets | 21/28 | €7,343 | €2,652 | -€4,691 | -63.9% |
| Tangible fixed assets | 22/27 | €7,343 | €2,652 | -€4,691 | -63.9% |
| Furniture and vehicles | 24 | €7,343 | €2,652 | -€4,691 | -63.9% |
| Current assets | 29/58 | €366,831 | €376,295 | +€9,463 | +2.6% |
| Amounts receivable within one year | 40/41 | €39,679 | €33,854 | -€5,825 | -14.7% |
| Trade receivables | 40 | €26,403 | €19,731 | -€6,672 | -25.3% |
| Other amounts receivable | 41 | €13,276 | €14,123 | +€847 | +6.4% |
| Current investments | 50/53 | €125,219 | €125,219 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €201,933 | €217,221 | +€15,288 | +7.6% |
| Total equity and liabilities | 10/49 | €374,175 | €378,946 | +€4,772 | +1.3% |
| Equity | 10/15 | €218,125 | €221,005 | +€2,880 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €197,665 | €200,545 | +€2,880 | +1.5% |
| Amounts payable | 17/49 | €156,049 | €157,941 | +€1,892 | +1.2% |
| Amounts payable within one year | 42/48 | €156,049 | €157,941 | +€1,892 | +1.2% |
| Trade debts | 44 | €2,884 | €1,870 | -€1,014 | -35.2% |
| Suppliers | 440/4 | €2,884 | €1,870 | -€1,014 | -35.2% |
| Other amounts payable | 47/48 | €153,165 | €156,071 | +€2,906 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,797 | €4,691 | -€106 | -2.2% |
| Other operating charges | 640/8 | - | €253 | +€253 | |
| Gross operating margin | 9900 | -€2,218 | €7,859 | +€10,077 | |
| Operating profit (loss) | 9901 | -€7,015 | €2,915 | +€9,930 | |
| Financial income | 75/76B | €27 | €10 | -€17 | -61.6% |
| Recurring financial income | 75 | €27 | €10 | -€17 | -61.6% |
| Financial charges | 65/66B | €109 | €45 | -€64 | -58.4% |
| Recurring financial charges | 65 | €109 | €45 | -€64 | -58.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,097 | €2,880 | +€9,976 | |
| Profit (loss) for the period | 9904 | -€7,097 | €2,880 | +€9,976 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,097 | €2,880 | +€9,976 |
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 10 October 2026 via checked.be.