VOS: what changed
What changed
VOS
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€451
2024 · €825-€374
Equity
€319,890
2024 · €319,695+€195
Cash
€209,237
2024 · €131,133+€78,103
Balance sheet total
€417,252
2024 · €422,513-€5,261
Largest movements
Assets
- Cash +€78,103
up €78,103 (+59.6%), from €131,133 to €209,237
mainly Current investments (+€75,000) and Deferred charges and accrued income (+€26,748)
- Current investments -€75,000
down €75,000 (-50.0%), from €150,000 to €75,000
- Deferred charges and accrued income -€26,748
down €26,748 (-66.1%), from €40,457 to €13,709
- Receivables within one year +€18,129
up €18,129 (+51.7%), from €35,041 to €53,170
of which Trade receivables: +€13,898
Equity and liabilities
- Other debts -€4,764
down €4,764 (-13.2%), from €36,178 to €31,414
Income statement
- Gross operating margin +€15,548
up €15,548 (+13.7%), from €113,194 to €128,742
- Staff costs +€12,033
up €12,033 (+11.9%), from €101,337 to €113,370
- Taxes +€4,416
up €4,416 (+515%), from €858 to €5,274
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€825
Gross operating margin
+€15,548
Staff costs
-€12,033
Depreciation
+€84
Other operating charges
-€191
Other operating items
+€226
Financial income
+€725
Financial charges
-€302
Taxes
-€4,416
Deferred taxes and other
-€14
Result 2025
€451
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€8,313
Investment
+€70,047
Financing
-€256
Cash 2024
€131,133
From operations (derived)
+€8,313
Net result for the year
+€451
Depreciation
+€8,599
Stocks and contracts
-€3,900
Receivables within one year
-€18,129
Deferred charges and accrued income
+€26,748
Provisions
-€66
Trade debts
-€3,681
Tax, wage and social debts
+€1,520
Other debts
-€4,764
Accrued charges and deferred income
+€1,534
Investment (derived)
+€70,047
Investment in fixed assets (net)
-€4,953
Current investments
+€75,000
Financing
-€256
Contributions, distributions and other
-€256
Cash 2025
€209,237
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €422,513 | €417,252 | -€5,261 | -1.2% |
| Fixed assets | 21/28 | €57,303 | €53,657 | -€3,646 | -6.4% |
| Tangible fixed assets | 22/27 | €57,303 | €53,657 | -€3,646 | -6.4% |
| Land and buildings | 22 | €35,863 | €35,349 | -€515 | -1.4% |
| Plant, machinery and equipment | 23 | €1,213 | €2,605 | +€1,392 | +115% |
| Furniture and vehicles | 24 | €20,227 | €15,704 | -€4,523 | -22.4% |
| Current assets | 29/58 | €365,210 | €363,594 | -€1,616 | -0.4% |
| Stocks and contracts in progress | 3 | €8,578 | €12,478 | +€3,900 | +45.5% |
| Stocks | 30/36 | €8,578 | €12,478 | +€3,900 | +45.5% |
| Amounts receivable within one year | 40/41 | €35,041 | €53,170 | +€18,129 | +51.7% |
| Trade receivables | 40 | €25,331 | €39,228 | +€13,898 | +54.9% |
| Other amounts receivable | 41 | €9,710 | €13,942 | +€4,232 | +43.6% |
| Current investments | 50/53 | €150,000 | €75,000 | -€75,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €131,133 | €209,237 | +€78,103 | +59.6% |
| Deferred charges and accrued income | 490/1 | €40,457 | €13,709 | -€26,748 | -66.1% |
| Total equity and liabilities | 10/49 | €422,513 | €417,252 | -€5,261 | -1.2% |
| Equity | 10/15 | €319,695 | €319,890 | +€195 | +0.1% |
| Contributions | 10/11 | €270,268 | €270,268 | = | 0.0% |
| Reserves | 13 | €30,250 | €30,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,498 | €20,498 | = | 0.0% |
| Distributable reserves | 133 | €9,753 | €9,753 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,921 | €19,372 | +€451 | +2.4% |
| Investment grants | 15 | €256 | €0 | -€256 | -100% |
| Provisions and deferred taxes | 16 | €50,861 | €50,796 | -€66 | -0.1% |
| Provisions for liabilities and charges | 160/5 | €50,796 | €50,796 | = | 0.0% |
| Pensions and similar obligations | 160 | €50,796 | €50,796 | = | 0.0% |
| Deferred taxes | 168 | €66 | €0 | -€66 | -100% |
| Amounts payable | 17/49 | €51,956 | €46,566 | -€5,391 | -10.4% |
| Amounts payable within one year | 42/48 | €50,868 | €43,943 | -€6,925 | -13.6% |
| Trade debts | 44 | €9,982 | €6,301 | -€3,681 | -36.9% |
| Suppliers | 440/4 | €9,982 | €6,301 | -€3,681 | -36.9% |
| Taxes, remuneration and social security | 45 | €4,708 | €6,227 | +€1,520 | +32.3% |
| Taxes | 450/3 | €934 | €1,433 | +€499 | +53.5% |
| Remuneration and social security | 454/9 | €3,774 | €4,794 | +€1,020 | +27.0% |
| Other amounts payable | 47/48 | €36,178 | €31,414 | -€4,764 | -13.2% |
| Accrued charges and deferred income | 492/3 | €1,089 | €2,623 | +€1,534 | +141% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €101,337 | €113,370 | +€12,033 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,683 | €8,599 | -€84 | -1.0% |
| Other operating charges | 640/8 | €4,003 | €4,194 | +€191 | +4.8% |
| Non-recurring operating charges | 66A | €226 | €0 | -€226 | -100% |
| Gross operating margin | 9900 | €113,194 | €128,742 | +€15,548 | +13.7% |
| Operating profit (loss) | 9901 | -€1,055 | €2,580 | +€3,635 | |
| Financial income | 75/76B | €5,049 | €5,774 | +€725 | +14.4% |
| Recurring financial income | 75 | €5,049 | €5,774 | +€725 | +14.4% |
| Financial charges | 65/66B | €2,391 | €2,694 | +€302 | +12.6% |
| Recurring financial charges | 65 | €2,391 | €2,694 | +€302 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €1,602 | €5,660 | +€4,057 | +253% |
| Transfer from deferred taxes | 780 | €80 | €66 | -€14 | -18.1% |
| Income taxes | 67/77 | €858 | €5,274 | +€4,416 | +515% |
| Profit (loss) for the period | 9904 | €825 | €451 | -€374 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €825 | €451 | -€374 | -45.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.