VOS TECHNICS: 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.
What changed
VOS TECHNICS
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€222,754
2024 · €583,426-€360,671
Equity
€1.5m
2024 · €3.2m-€1.8m
Cash
€373,914
2024 · €1.8m-€1.4m
Balance sheet total
€4.4m
2024 · €5.8m-€1.4m
Largest movements
Assets
- Cash -€1.4m
down €1.4m (-78.9%), from €1.8m to €373,914
mainly Contributions, distributions and other (-€2.0m) and Stocks and contracts (-€567,976)
- Current investments -€968,825
no longer reported in 2025 (was €968,825)
- Stocks and contracts +€567,976
up €567,976 (+103%), from €551,412 to €1.1m
of which Stocks: +€461,487
- Receivables within one year +€318,719
up €318,719 (+19.1%), from €1.7m to €2.0m
of which Trade receivables: +€668,664
- Intangible fixed assets +€93,796
up €93,796 (+136%), from €68,826 to €162,622
Equity and liabilities
- Reserves -€1.8m
down €1.8m (-55.0%), from €3.2m to €1.5m
- Trade debts +€395,290
up €395,290 (+72.5%), from €545,130 to €940,420
- Accrued charges and deferred income +€183,463
up €183,463 (+27.0%), from €679,977 to €863,440
- Other debts -€165,501
down €165,501 (-37.6%), from €439,868 to €274,367
Income statement
- Gross operating margin -€219,427
down €219,427 (-7.5%), from €2.9m to €2.7m
- Taxes -€68,272
down €68,272 (-40.8%), from €167,418 to €99,147
- Financial income +€37,232
up €37,232 (+237%), from €15,701 to €52,933
- Write-downs -€29,308
no longer reported in 2025 (was €29,308)
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.
Result 2024
€583,426
Gross operating margin
-€219,427
Staff costs
+€25,195
Depreciation
-€20,216
Write-downs
+€29,308
Provisions
-€10,797
Other operating charges
-€874
Other operating items
-€269,922
Financial income
+€37,232
Financial charges
+€556
Taxes
+€68,272
Result 2025
€222,754
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€105,144
Investment
+€741,681
Financing
-€2.0m
Cash 2024
€1.8m
From operations (derived)
-€105,144
Net result for the year
+€222,754
Depreciation
+€148,527
Stocks and contracts
-€567,976
Receivables within one year
-€318,719
Deferred charges and accrued income
-€16,887
Provisions
+€13,895
Trade debts
+€395,290
Tax, wage and social debts
+€9
Other debts
-€165,501
Accrued charges and deferred income
+€183,463
Investment (derived)
+€741,681
Investment in fixed assets (net)
-€227,143
Current investments
+€968,825
Financing
-€2.0m
Debts after one year
-€20,174
Current portion of long-term debt
-€17,620
Contributions, distributions and other
-€2.0m
Cash 2025
€373,914
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,774,666 | €4,386,781 | -€1.4m | -24.0% |
| Fixed assets | 21/28 | €444,173 | €522,789 | +€78,616 | +17.7% |
| Intangible fixed assets | 21 | €68,826 | €162,622 | +€93,796 | +136% |
| Tangible fixed assets | 22/27 | €375,322 | €314,770 | -€60,553 | -16.1% |
| Plant, machinery and equipment | 23 | €29,698 | €25,755 | -€3,943 | -13.3% |
| Furniture and vehicles | 24 | €44,907 | €58,919 | +€14,012 | +31.2% |
| Leasing and similar rights | 25 | €69,413 | €29,363 | -€40,050 | -57.7% |
| Other tangible fixed assets | 26 | €231,304 | €200,733 | -€30,571 | -13.2% |
| Financial fixed assets | 28 | €25 | €45,398 | +€45,373 | +183,030% |
| Current assets | 29/58 | €5,330,493 | €3,863,992 | -€1.5m | -27.5% |
| Amounts receivable after more than one year | 29 | €350,000 | €350,000 | = | 0.0% |
| Other amounts receivable | 291 | €350,000 | €350,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €551,412 | €1,119,388 | +€567,976 | +103% |
| Stocks | 30/36 | €401,629 | €863,115 | +€461,487 | +115% |
| Contracts in progress | 37 | €149,784 | €256,272 | +€106,489 | +71.1% |
| Amounts receivable within one year | 40/41 | €1,669,675 | €1,988,394 | +€318,719 | +19.1% |
| Trade receivables | 40 | €1,027,772 | €1,696,436 | +€668,664 | +65.1% |
| Other amounts receivable | 41 | €641,902 | €291,958 | -€349,945 | -54.5% |
| Current investments | 50/53 | €968,825 | - | -€968,825 | |
| Cash at bank and in hand | 54/58 | €1,775,171 | €373,914 | -€1.4m | -78.9% |
| Deferred charges and accrued income | 490/1 | €15,410 | €32,297 | +€16,887 | +110% |
| Total equity and liabilities | 10/49 | €5,774,666 | €4,386,781 | -€1.4m | -24.0% |
| Equity | 10/15 | €3,249,397 | €1,472,151 | -€1.8m | -54.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €3,229,397 | €1,452,151 | -€1.8m | -55.0% |
| Distributable reserves | 133 | €3,229,397 | €1,452,151 | -€1.8m | -55.0% |
| Provisions and deferred taxes | 16 | €119,957 | €133,852 | +€13,895 | +11.6% |
| Provisions for liabilities and charges | 160/5 | €119,957 | €133,852 | +€13,895 | +11.6% |
| Other liabilities and charges | 164/5 | €119,957 | €133,852 | +€13,895 | +11.6% |
| Amounts payable | 17/49 | €2,405,312 | €2,780,777 | +€375,466 | +15.6% |
| Amounts payable after more than one year | 17 | €380,295 | €360,120 | -€20,174 | -5.3% |
| Financial debts | 170/4 | €30,295 | €10,120 | -€20,174 | -66.6% |
| Advances received on contracts in progress | 176 | €350,000 | €350,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,345,040 | €1,557,217 | +€212,177 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €39,880 | €22,260 | -€17,620 | -44.2% |
| Trade debts | 44 | €545,130 | €940,420 | +€395,290 | +72.5% |
| Suppliers | 440/4 | €545,130 | €940,420 | +€395,290 | +72.5% |
| Taxes, remuneration and social security | 45 | €320,162 | €320,171 | +€9 | 0.0% |
| Taxes | 450/3 | €42,541 | €42,035 | -€506 | -1.2% |
| Remuneration and social security | 454/9 | €277,621 | €278,135 | +€514 | +0.2% |
| Other amounts payable | 47/48 | €439,868 | €274,367 | -€165,501 | -37.6% |
| Accrued charges and deferred income | 492/3 | €679,977 | €863,440 | +€183,463 | +27.0% |
| Non-recurring operating income | 76A | - | €333,229 | +€333,229 | |
| Remuneration, social security and pensions | 62 | €1,995,574 | €1,970,378 | -€25,195 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,312 | €148,527 | +€20,216 | +15.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €29,308 | - | -€29,308 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €3,098 | €13,895 | +€10,797 | +348% |
| Other operating charges | 640/8 | €10,890 | €11,764 | +€874 | +8.0% |
| Non-recurring operating charges | 66A | €150 | €270,072 | +€269,922 | +179,744% |
| Gross operating margin | 9900 | €2,912,125 | €2,692,698 | -€219,427 | -7.5% |
| Operating profit (loss) | 9901 | €744,793 | €278,062 | -€466,731 | -62.7% |
| Financial income | 75/76B | €15,701 | €52,933 | +€37,232 | +237% |
| Recurring financial income | 75 | €15,701 | €52,933 | +€37,232 | +237% |
| Financial charges | 65/66B | €9,649 | €9,094 | -€556 | -5.8% |
| Recurring financial charges | 65 | €9,649 | €9,094 | -€556 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €750,844 | €321,901 | -€428,943 | -57.1% |
| Income taxes | 67/77 | €167,418 | €99,147 | -€68,272 | -40.8% |
| Profit (loss) for the period | 9904 | €583,426 | €222,754 | -€360,671 | -61.8% |
| Transfer from tax-exempt reserves | 789 | €147,350 | - | -€147,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €730,776 | €222,754 | -€508,021 | -69.5% |
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 13 October 2026 via checked.be.