VOQ Consulting: 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.
VOQ Consulting
Largest movements
- Receivables within one year +€37,311
up €37,311 (+80.2%), from €46,546 to €83,858
of which Other amounts receivable: +€37,759
- Tangible fixed assets +€8,549
up €8,549 (+162%), from €5,277 to €13,827
of which Plant, machinery and equipment: +€9,965
- Reserves +€35,000
up €35,000 (+20.6%), from €170,000 to €205,000
- Trade debts +€3,080
up €3,080 (+842%), from €366 to €3,445
- Debts after one year +€2,509
up €2,509 (+87.2%), from €2,879 to €5,388
- Current portion of long-term debt +€2,372
up €2,372 (+178%), from €1,331 to €3,704
- Gross operating margin -€11,867
down €11,867 (-20.4%), from €58,082 to €46,215
- Depreciation -€8,016
down €8,016 (-78.1%), from €10,267 to €2,251
- Financial income +€2,110
up €2,110 (+42.9%), from €4,921 to €7,031
- Financial charges +€1,797
up €1,797 (+112%), from €1,607 to €3,404
- Taxes -€1,158
down €1,158 (-9.5%), from €12,227 to €11,070
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.
Derived cash bridge
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 | €185,629 | €232,093 | +€46,465 | +25.0% |
| Fixed assets | 21/28 | €5,277 | €13,827 | +€8,549 | +162% |
| Tangible fixed assets | 22/27 | €5,277 | €13,827 | +€8,549 | +162% |
| Plant, machinery and equipment | 23 | - | €9,965 | +€9,965 | |
| Furniture and vehicles | 24 | €5,277 | €3,862 | -€1,416 | -26.8% |
| Current assets | 29/58 | €180,351 | €218,267 | +€37,915 | +21.0% |
| Amounts receivable after more than one year | 29 | €133,000 | €133,000 | = | 0.0% |
| Other amounts receivable | 291 | €133,000 | €133,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €46,546 | €83,858 | +€37,311 | +80.2% |
| Trade receivables | 40 | €12,000 | €11,552 | -€448 | -3.7% |
| Other amounts receivable | 41 | €34,546 | €72,306 | +€37,759 | +109% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €805 | €1,409 | +€604 | +75.1% |
| Total equity and liabilities | 10/49 | €185,629 | €232,093 | +€46,465 | +25.0% |
| Equity | 10/15 | €171,031 | €206,571 | +€35,540 | +20.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €170,000 | €205,000 | +€35,000 | +20.6% |
| Distributable reserves | 133 | €170,000 | €205,000 | +€35,000 | +20.6% |
| Profit (loss) carried forward | 14 | €31 | €571 | +€540 | +1,743% |
| Amounts payable | 17/49 | €14,598 | €25,522 | +€10,924 | +74.8% |
| Amounts payable after more than one year | 17 | €2,879 | €5,388 | +€2,509 | +87.2% |
| Financial debts | 170/4 | €2,879 | €5,388 | +€2,509 | +87.2% |
| Amounts payable within one year | 42/48 | €11,719 | €20,134 | +€8,415 | +71.8% |
| Current portion of amounts payable after more than one year | 42 | €1,331 | €3,704 | +€2,372 | +178% |
| Financial debts | 43 | €2,506 | €3,376 | +€870 | +34.7% |
| Credit institutions | 430/8 | €2,506 | €3,376 | +€870 | +34.7% |
| Trade debts | 44 | €366 | €3,445 | +€3,080 | +842% |
| Suppliers | 440/4 | €366 | €3,445 | +€3,080 | +842% |
| Taxes, remuneration and social security | 45 | €7,516 | €9,609 | +€2,093 | +27.9% |
| Taxes | 450/3 | €7,516 | €9,609 | +€2,093 | +27.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,267 | €2,251 | -€8,016 | -78.1% |
| Other operating charges | 640/8 | €1,036 | €983 | -€53 | -5.2% |
| Gross operating margin | 9900 | €58,082 | €46,215 | -€11,867 | -20.4% |
| Operating profit (loss) | 9901 | €46,779 | €42,982 | -€3,797 | -8.1% |
| Financial income | 75/76B | €4,921 | €7,031 | +€2,110 | +42.9% |
| Recurring financial income | 75 | €4,921 | €7,031 | +€2,110 | +42.9% |
| Financial charges | 65/66B | €1,607 | €3,404 | +€1,797 | +112% |
| Recurring financial charges | 65 | €1,607 | €3,404 | +€1,797 | +112% |
| Profit (loss) for the period before taxes | 9903 | €50,093 | €46,610 | -€3,483 | -7.0% |
| Income taxes | 67/77 | €12,227 | €11,070 | -€1,158 | -9.5% |
| Profit (loss) for the period | 9904 | €37,866 | €35,540 | -€2,326 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,866 | €35,540 | -€2,326 | -6.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.