VOS GROUP: 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 GROUP
Largest movements
- Cash +€98,591
up €98,591 (+28.5%), from €345,483 to €444,074
mainly Net result for the year (+€176,484) and Other debts (+€141,619)
- Receivables within one year +€35,810
up €35,810 (+23.4%), from €152,761 to €188,571
- Other debts +€141,619
up €141,619 (+392%), from €36,100 to €177,719
- Gross operating margin +€27,288
up €27,288 (+10.1%), from €271,367 to €298,655
- Staff costs -€16,006
down €16,006 (-14.9%), from €107,624 to €91,618
- Taxes +€10,139
up €10,139 (+49.9%), from €20,310 to €30,449
- Depreciation +€9,491
up €9,491 (+8.8%), from €107,412 to €116,903
- Other operating charges +€3,724
up €3,724 (+18.4%), from €20,253 to €23,976
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 | €2,214,591 | €2,338,141 | +€123,550 | +5.6% |
| Fixed assets | 21/28 | €1,716,309 | €1,704,673 | -€11,636 | -0.7% |
| Tangible fixed assets | 22/27 | €956,078 | €944,442 | -€11,636 | -1.2% |
| Land and buildings | 22 | €785,828 | €723,596 | -€62,232 | -7.9% |
| Plant, machinery and equipment | 23 | €154,282 | €165,748 | +€11,466 | +7.4% |
| Furniture and vehicles | 24 | €15,968 | €55,097 | +€39,130 | +245% |
| Financial fixed assets | 28 | €760,231 | €760,231 | = | 0.0% |
| Current assets | 29/58 | €498,282 | €633,468 | +€135,187 | +27.1% |
| Amounts receivable within one year | 40/41 | €152,761 | €188,571 | +€35,810 | +23.4% |
| Trade receivables | 40 | €152,761 | €188,571 | +€35,810 | +23.4% |
| Cash at bank and in hand | 54/58 | €345,483 | €444,074 | +€98,591 | +28.5% |
| Deferred charges and accrued income | 490/1 | €37 | €823 | +€786 | +2,098% |
| Total equity and liabilities | 10/49 | €2,214,591 | €2,338,141 | +€123,550 | +5.6% |
| Equity | 10/15 | €1,625,113 | €1,608,752 | -€16,361 | -1.0% |
| Contributions | 10/11 | €67,879 | €67,879 | = | 0.0% |
| Reserves | 13 | €1,531,619 | €1,519,260 | -€12,359 | -0.8% |
| Tax-exempt reserves | 132 | €5,308 | €5,308 | = | 0.0% |
| Distributable reserves | 133 | €1,526,312 | €1,513,952 | -€12,359 | -0.8% |
| Investment grants | 15 | €25,615 | €21,613 | -€4,002 | -15.6% |
| Amounts payable | 17/49 | €589,478 | €729,390 | +€139,911 | +23.7% |
| Amounts payable after more than one year | 17 | €441,691 | €425,869 | -€15,822 | -3.6% |
| Financial debts | 170/4 | €441,691 | €425,869 | -€15,822 | -3.6% |
| Amounts payable within one year | 42/48 | €147,787 | €303,521 | +€155,734 | +105% |
| Current portion of amounts payable after more than one year | 42 | €47,477 | €58,092 | +€10,615 | +22.4% |
| Trade debts | 44 | €8,859 | €10,006 | +€1,146 | +12.9% |
| Suppliers | 440/4 | €8,859 | €10,006 | +€1,146 | +12.9% |
| Taxes, remuneration and social security | 45 | €55,351 | €57,703 | +€2,352 | +4.2% |
| Taxes | 450/3 | €46,029 | €45,493 | -€536 | -1.2% |
| Remuneration and social security | 454/9 | €9,322 | €12,210 | +€2,889 | +31.0% |
| Other amounts payable | 47/48 | €36,100 | €177,719 | +€141,619 | +392% |
| Remuneration, social security and pensions | 62 | €107,624 | €91,618 | -€16,006 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,412 | €116,903 | +€9,491 | +8.8% |
| Other operating charges | 640/8 | €20,253 | €23,976 | +€3,724 | +18.4% |
| Gross operating margin | 9900 | €271,367 | €298,655 | +€27,288 | +10.1% |
| Operating profit (loss) | 9901 | €36,079 | €66,158 | +€30,079 | +83.4% |
| Financial income | 75/76B | €154,002 | €155,003 | +€1,002 | +0.7% |
| Recurring financial income | 75 | €154,002 | €155,003 | +€1,002 | +0.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €14,530 | €14,228 | -€302 | -2.1% |
| Recurring financial charges | 65 | €14,530 | €14,228 | -€302 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €175,550 | €206,934 | +€31,383 | +17.9% |
| Income taxes | 67/77 | €20,310 | €30,449 | +€10,139 | +49.9% |
| Profit (loss) for the period | 9904 | €155,240 | €176,484 | +€21,244 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €155,240 | €176,484 | +€21,244 | +13.7% |
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 17 October 2026 via checked.be.