VOS.171: 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.
VOS.171
Largest movements
- Tangible fixed assets -€26,981
down €26,981 (-3.9%), from €700,281 to €673,300
- Cash +€15,210
up €15,210 (+48.9%), from €31,109 to €46,319
mainly Net result for the year (+€33,396) and Depreciation (+€26,981)
- Debts after one year -€46,387
down €46,387 (-10.5%), from €443,783 to €397,396
- Profit (loss) carried forward +€33,396
up €33,396 (+87.5%), from -€38,174 to -€4,778
- Depreciation -€8,007
down €8,007 (-22.9%), from €34,988 to €26,981
- Gross operating margin +€3,082
up €3,082 (+3.7%), from €84,136 to €87,218
- Taxes -€3,021
down €3,021, from €3,006 to -€15
- Financial charges -€2,212
down €2,212 (-9.7%), from €22,871 to €20,659
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 | €731,975 | €720,141 | -€11,833 | -1.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €700,281 | €673,300 | -€26,981 | -3.9% |
| Tangible fixed assets | 22/27 | €700,281 | €673,300 | -€26,981 | -3.9% |
| Land and buildings | 22 | €700,281 | €673,300 | -€26,981 | -3.9% |
| Current assets | 29/58 | €31,693 | €46,841 | +€15,148 | +47.8% |
| Amounts receivable within one year | 40/41 | €370 | €369 | -€1 | -0.3% |
| Other amounts receivable | 41 | €370 | €369 | -€1 | -0.3% |
| Cash at bank and in hand | 54/58 | €31,109 | €46,319 | +€15,210 | +48.9% |
| Deferred charges and accrued income | 490/1 | €214 | €153 | -€61 | -28.5% |
| Total equity and liabilities | 10/49 | €731,975 | €720,141 | -€11,833 | -1.6% |
| Equity | 10/15 | €236,826 | €270,222 | +€33,396 | +14.1% |
| Contributions | 10/11 | €275,000 | €275,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,174 | -€4,778 | +€33,396 | +87.5% |
| Amounts payable | 17/49 | €495,148 | €449,919 | -€45,229 | -9.1% |
| Amounts payable after more than one year | 17 | €443,783 | €397,396 | -€46,387 | -10.5% |
| Financial debts | 170/4 | €443,783 | €397,396 | -€46,387 | -10.5% |
| Amounts payable within one year | 42/48 | €51,365 | €48,913 | -€2,452 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €44,720 | €46,387 | +€1,668 | +3.7% |
| Trade debts | 44 | €6,645 | €1,888 | -€4,757 | -71.6% |
| Suppliers | 440/4 | €6,645 | €1,888 | -€4,757 | -71.6% |
| Taxes, remuneration and social security | 45 | - | €637 | +€637 | |
| Taxes | 450/3 | - | €637 | +€637 | |
| Accrued charges and deferred income | 492/3 | - | €3,611 | +€3,611 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,988 | €26,981 | -€8,007 | -22.9% |
| Other operating charges | 640/8 | €6,148 | €6,340 | +€192 | +3.1% |
| Gross operating margin | 9900 | €84,136 | €87,218 | +€3,082 | +3.7% |
| Operating profit (loss) | 9901 | €43,000 | €53,897 | +€10,897 | +25.3% |
| Financial income | 75/76B | €50 | €143 | +€92 | +184% |
| Recurring financial income | 75 | €50 | €143 | +€92 | +184% |
| Financial charges | 65/66B | €22,871 | €20,659 | -€2,212 | -9.7% |
| Recurring financial charges | 65 | €22,871 | €20,659 | -€2,212 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €20,179 | €33,381 | +€13,201 | +65.4% |
| Income taxes | 67/77 | €3,006 | -€15 | -€3,021 | |
| Profit (loss) for the period | 9904 | €17,174 | €33,396 | +€16,222 | +94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,174 | €33,396 | +€16,222 | +94.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.