VORIMO: 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.
VORIMO
Largest movements
- Receivables within one year +€195,826
up €195,826 (+59.2%), from €330,969 to €526,795
of which Other amounts receivable: +€298,900
- Cash -€53,312
down €53,312 (-67.5%), from €78,938 to €25,626
mainly Receivables within one year (-€195,826) and Tax, wage and social debts (-€159,853)
- Tangible fixed assets -€34,740
down €34,740 (-28.5%), from €121,821 to €87,081
of which Plant, machinery and equipment: -€22,922
- Trade debts +€285,918
up €285,918 (+126.6%), from €225,875 to €511,793
- Tax, wage and social debts -€159,853
down €159,853 (-56.2%), from €284,256 to €124,403
of which Taxes: -€110,730
- Profit (loss) carried forward -€17,571
down €17,571 (-72.3%), from €24,302 to €6,732
- Gross operating margin -€373,692
down €373,692 (-40.8%), from €915,872 to €542,179
- Staff costs -€201,231
down €201,231 (-27.8%), from €724,969 to €523,738
- Taxes -€38,449
down €38,449 (-98.8%), from €38,910 to €461
- Financial income +€13,386
new in 2024: €13,386
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €602,633 | €711,128 | +€108,494 | +18.0% |
| Fixed assets | 21/28 | €121,821 | €87,081 | -€34,740 | -28.5% |
| Tangible fixed assets | 22/27 | €121,821 | €87,081 | -€34,740 | -28.5% |
| Plant, machinery and equipment | 23 | €66,159 | €43,237 | -€22,922 | -34.6% |
| Furniture and vehicles | 24 | €8,284 | €5,848 | -€2,436 | -29.4% |
| Other tangible fixed assets | 26 | €47,379 | €37,997 | -€9,382 | -19.8% |
| Current assets | 29/58 | €480,812 | €624,046 | +€143,234 | +29.8% |
| Stocks and contracts in progress | 3 | €70,905 | €71,625 | +€720 | +1.0% |
| Stocks | 30/36 | €70,905 | €71,625 | +€720 | +1.0% |
| Amounts receivable within one year | 40/41 | €330,969 | €526,795 | +€195,826 | +59.2% |
| Trade receivables | 40 | €189,823 | €86,750 | -€103,073 | -54.3% |
| Other amounts receivable | 41 | €141,146 | €440,046 | +€298,900 | +211.8% |
| Cash at bank and in hand | 54/58 | €78,938 | €25,626 | -€53,312 | -67.5% |
| Total equity and liabilities | 10/49 | €602,633 | €711,128 | +€108,494 | +18.0% |
| Equity | 10/15 | €92,502 | €74,932 | -€17,571 | -19.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,302 | €6,732 | -€17,571 | -72.3% |
| Amounts payable | 17/49 | €510,131 | €636,196 | +€126,065 | +24.7% |
| Amounts payable within one year | 42/48 | €510,131 | €636,196 | +€126,065 | +24.7% |
| Trade debts | 44 | €225,875 | €511,793 | +€285,918 | +126.6% |
| Suppliers | 440/4 | €225,875 | €511,793 | +€285,918 | +126.6% |
| Taxes, remuneration and social security | 45 | €284,256 | €124,403 | -€159,853 | -56.2% |
| Taxes | 450/3 | €161,041 | €50,311 | -€110,730 | -68.8% |
| Remuneration and social security | 454/9 | €123,215 | €74,092 | -€49,123 | -39.9% |
| Non-recurring operating income | 76A | €10,000 | €1,401 | -€8,599 | -86.0% |
| Remuneration, social security and pensions | 62 | €724,969 | €523,738 | -€201,231 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,594 | €25,202 | -€4,391 | -14.8% |
| Other operating charges | 640/8 | €7,219 | €7,385 | +€166 | +2.3% |
| Non-recurring operating charges | 66A | €58 | €11,539 | +€11,481 | +19682.7% |
| Gross operating margin | 9900 | €915,872 | €542,179 | -€373,692 | -40.8% |
| Operating profit (loss) | 9901 | €154,032 | -€25,685 | -€179,717 | |
| Financial income | 75/76B | - | €13,386 | +€13,386 | |
| Recurring financial income | 75 | - | €13,386 | +€13,386 | |
| Financial charges | 65/66B | €1,829 | €4,811 | +€2,982 | +163.0% |
| Recurring financial charges | 65 | €1,829 | €4,811 | +€2,982 | +163.0% |
| Profit (loss) for the period before taxes | 9903 | €152,203 | -€17,110 | -€169,312 | |
| Income taxes | 67/77 | €38,910 | €461 | -€38,449 | -98.8% |
| Profit (loss) for the period | 9904 | €113,293 | -€17,571 | -€130,863 | |
| Profit (loss) for the period to be appropriated | 9905 | €113,293 | -€17,571 | -€130,863 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.