VOREP: 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.
VOREP
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Staff costs +€20,055
new in 2022: €20,055
- Gross operating margin +€14,341
up €14,341 (+208.7%), from €6,870 to €21,211
- Financial income +€3,446
new in 2022: €3,446
- Financial charges +€2,175
new in 2022: €2,175
- Depreciation -€1,297
down €1,297 (-48.5%), from €2,675 to €1,378
From the 2021 result to the 2022 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €362,332 | €364,464 | +€2,132 | +0.6% |
| Fixed assets | 21/28 | €5,571 | €4,193 | -€1,378 | -24.7% |
| Tangible fixed assets | 22/27 | €3,561 | €2,183 | -€1,378 | -38.7% |
| Plant, machinery and equipment | 23 | - | €2,183 | +€2,183 | |
| Financial fixed assets | 28 | €2,009 | €2,009 | = | 0.0% |
| Current assets | 29/58 | €356,762 | €360,271 | +€3,510 | +1.0% |
| Stocks and contracts in progress | 3 | €323,825 | €325,032 | +€1,207 | +0.4% |
| Stocks | 30/36 | - | €325,032 | +€325,032 | |
| Amounts receivable within one year | 40/41 | - | €69 | +€69 | |
| Trade receivables | 40 | - | €69 | +€69 | |
| Cash at bank and in hand | 54/58 | €32,129 | €34,241 | +€2,112 | +6.6% |
| Deferred charges and accrued income | 490/1 | - | €929 | +€929 | |
| Total equity and liabilities | 10/49 | €362,332 | €364,464 | +€2,132 | +0.6% |
| Equity | 10/15 | -€141,360 | -€141,214 | +€146 | +0.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | - | €18,592 | +€18,592 | |
| Issued capital | 100 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,859 | +€1,859 | |
| Legal reserve | 130 | - | €1,859 | +€1,859 | |
| Profit (loss) carried forward | 14 | -€161,811 | -€161,665 | +€146 | +0.1% |
| Amounts payable | 17/49 | €503,692 | €505,678 | +€1,986 | +0.4% |
| Amounts payable within one year | 42/48 | €503,670 | €505,649 | +€1,980 | +0.4% |
| Trade debts | 44 | €32,941 | €34,397 | +€1,456 | +4.4% |
| Suppliers | 440/4 | - | €34,397 | +€34,397 | |
| Taxes, remuneration and social security | 45 | - | €6,423 | +€6,423 | |
| Taxes | 450/3 | - | €2,006 | +€2,006 | |
| Remuneration and social security | 454/9 | - | €4,417 | +€4,417 | |
| Other amounts payable | 47/48 | - | €464,830 | +€464,830 | |
| Accrued charges and deferred income | 492/3 | - | €29 | +€29 | |
| Remuneration, social security and pensions | 62 | - | €20,055 | +€20,055 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,675 | €1,378 | -€1,297 | -48.5% |
| Other operating charges | 640/8 | - | €902 | +€902 | |
| Gross operating margin | 9900 | €6,870 | €21,211 | +€14,341 | +208.7% |
| Operating profit (loss) | 9901 | -€4,637 | -€1,124 | +€3,513 | +75.8% |
| Financial income | 75/76B | - | €3,446 | +€3,446 | |
| Recurring financial income | 75 | €99 | €3,446 | +€3,346 | +3378.9% |
| Financial charges | 65/66B | - | €2,175 | +€2,175 | |
| Recurring financial charges | 65 | €819 | €2,175 | +€1,357 | +165.7% |
| Profit (loss) for the period before taxes | 9903 | €3,393 | €146 | -€3,247 | -95.7% |
| Profit (loss) for the period | 9904 | €3,393 | €146 | -€3,247 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,393 | €146 | -€3,247 | -95.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2021 and 31 March 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.