VOPRO: 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.
VOPRO
Largest movements
- Cash +€63,529
up €63,529 (+43.9%), from €144,812 to €208,340
mainly Receivables within one year (+€40,235) and Depreciation (+€14,691)
- Receivables within one year -€40,235
down €40,235 (-42.0%), from €95,856 to €55,621
of which Other amounts receivable: -€38,726
- Tangible fixed assets -€10,909
down €10,909 (-18.6%), from €58,528 to €47,618
of which Furniture and vehicles: -€12,387
- Reserves +€14,298
up €14,298 (+5.2%), from €274,519 to €288,817
- Gross operating margin -€13,525
down €13,525 (-24.5%), from €55,266 to €41,741
- Taxes -€3,189
down €3,189 (-24.4%), from €13,071 to €9,882
- Other operating charges +€1,037
up €1,037 (+58.8%), from €1,763 to €2,799
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 | €300,624 | €312,415 | +€11,791 | +3.9% |
| Fixed assets | 21/28 | €58,528 | €47,618 | -€10,909 | -18.6% |
| Tangible fixed assets | 22/27 | €58,528 | €47,618 | -€10,909 | -18.6% |
| Plant, machinery and equipment | 23 | €31,761 | €33,238 | +€1,477 | +4.7% |
| Furniture and vehicles | 24 | €26,767 | €14,380 | -€12,387 | -46.3% |
| Current assets | 29/58 | €242,096 | €264,797 | +€22,700 | +9.4% |
| Amounts receivable within one year | 40/41 | €95,856 | €55,621 | -€40,235 | -42.0% |
| Trade receivables | 40 | €1,900 | €391 | -€1,509 | -79.4% |
| Other amounts receivable | 41 | €93,956 | €55,230 | -€38,726 | -41.2% |
| Cash at bank and in hand | 54/58 | €144,812 | €208,340 | +€63,529 | +43.9% |
| Deferred charges and accrued income | 490/1 | €1,429 | €836 | -€593 | -41.5% |
| Total equity and liabilities | 10/49 | €300,624 | €312,415 | +€11,791 | +3.9% |
| Equity | 10/15 | €286,919 | €301,217 | +€14,298 | +5.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €274,519 | €288,817 | +€14,298 | +5.2% |
| Distributable reserves | 133 | €274,519 | €288,817 | +€14,298 | +5.2% |
| Amounts payable | 17/49 | €13,705 | €11,198 | -€2,507 | -18.3% |
| Amounts payable within one year | 42/48 | €13,705 | €11,198 | -€2,507 | -18.3% |
| Trade debts | 44 | €1,033 | €1,550 | +€516 | +50.0% |
| Suppliers | 440/4 | €1,033 | €1,550 | +€516 | +50.0% |
| Other amounts payable | 47/48 | €12,672 | €9,648 | -€3,024 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,677 | €14,691 | +€14 | +0.1% |
| Other operating charges | 640/8 | €1,763 | €2,799 | +€1,037 | +58.8% |
| Gross operating margin | 9900 | €55,266 | €41,741 | -€13,525 | -24.5% |
| Operating profit (loss) | 9901 | €38,826 | €24,250 | -€14,576 | -37.5% |
| Financial income | 75/76B | €0 | €123 | +€123 | +154000.0% |
| Recurring financial income | 75 | €0 | €123 | +€123 | +154000.0% |
| Financial charges | 65/66B | €197 | €194 | -€3 | -1.7% |
| Recurring financial charges | 65 | €197 | €194 | -€3 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €38,629 | €24,180 | -€14,449 | -37.4% |
| Income taxes | 67/77 | €13,071 | €9,882 | -€3,189 | -24.4% |
| Profit (loss) for the period | 9904 | €25,558 | €14,298 | -€11,260 | -44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,558 | €14,298 | -€11,260 | -44.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.