Vos Pieter: 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 Pieter
Largest movements
- Cash +€13,427
up €13,427 (+1,258%), from €1,067 to €14,494
mainly Receivables within one year (+€11,343) and Net result for the year (+€7,728)
- Receivables within one year -€11,343
down €11,343 (-32.5%), from €34,898 to €23,555
of which Trade receivables: -€15,068
- Tangible fixed assets -€479
down €479 (-64.6%), from €742 to €263
- Reserves +€19,899
new in 2025: €19,899
- Profit (loss) carried forward -€12,171
no longer reported in 2025 (was €12,171)
- Tax, wage and social debts -€5,359
down €5,359 (-35.9%), from €14,918 to €9,559
- Trade debts -€764
down €764 (-11.5%), from €6,618 to €5,854
- Gross operating margin +€6,537
up €6,537 (+87.0%), from €7,515 to €14,052
- Taxes +€1,636
up €1,636 (+112%), from €1,455 to €3,091
- Other operating charges +€424
up €424 (+155%), from €274 to €698
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 | €36,706 | €38,312 | +€1,605 | +4.4% |
| Fixed assets | 21/28 | €742 | €263 | -€479 | -64.6% |
| Tangible fixed assets | 22/27 | €742 | €263 | -€479 | -64.6% |
| Furniture and vehicles | 24 | €742 | €263 | -€479 | -64.6% |
| Current assets | 29/58 | €35,965 | €38,049 | +€2,084 | +5.8% |
| Amounts receivable within one year | 40/41 | €34,898 | €23,555 | -€11,343 | -32.5% |
| Trade receivables | 40 | €30,762 | €15,694 | -€15,068 | -49.0% |
| Other amounts receivable | 41 | €4,136 | €7,861 | +€3,725 | +90.1% |
| Cash at bank and in hand | 54/58 | €1,067 | €14,494 | +€13,427 | +1,258% |
| Total equity and liabilities | 10/49 | €36,706 | €38,312 | +€1,605 | +4.4% |
| Equity | 10/15 | €15,171 | €22,899 | +€7,728 | +50.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €19,899 | +€19,899 | |
| Distributable reserves | 133 | - | €19,899 | +€19,899 | |
| Profit (loss) carried forward | 14 | €12,171 | - | -€12,171 | |
| Amounts payable | 17/49 | €21,535 | €15,413 | -€6,122 | -28.4% |
| Amounts payable within one year | 42/48 | €21,535 | €15,413 | -€6,122 | -28.4% |
| Trade debts | 44 | €6,618 | €5,854 | -€764 | -11.5% |
| Suppliers | 440/4 | €6,618 | €5,854 | -€764 | -11.5% |
| Taxes, remuneration and social security | 45 | €14,918 | €9,559 | -€5,359 | -35.9% |
| Taxes | 450/3 | €14,918 | €9,559 | -€5,359 | -35.9% |
| Remuneration, social security and pensions | 62 | €1,741 | €1,813 | +€72 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €479 | €479 | = | 0.0% |
| Other operating charges | 640/8 | €274 | €698 | +€424 | +155% |
| Gross operating margin | 9900 | €7,515 | €14,052 | +€6,537 | +87.0% |
| Operating profit (loss) | 9901 | €5,021 | €11,062 | +€6,041 | +120% |
| Financial income | 75/76B | €2 | €7 | +€5 | +196% |
| Recurring financial income | 75 | €2 | €7 | +€5 | +196% |
| Financial charges | 65/66B | €269 | €251 | -€18 | -6.8% |
| Recurring financial charges | 65 | €269 | €251 | -€18 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €4,754 | €10,819 | +€6,064 | +128% |
| Income taxes | 67/77 | €1,455 | €3,091 | +€1,636 | +112% |
| Profit (loss) for the period | 9904 | €3,299 | €7,728 | +€4,429 | +134% |
| Profit (loss) for the period to be appropriated | 9905 | €3,299 | €7,728 | +€4,429 | +134% |
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 18 October 2026 via checked.be.