VOS TOOLS: 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 TOOLS
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €677,936+€508,914
Equity
€14.4m
2024 · €13.2m+€1.2m
Cash
€589,714
2024 · €2.0m-€1.4m
Balance sheet total
€17.0m
2024 · €16.2m+€831,728
Largest movements
Assets
- Financial fixed assets +€1.7m
up €1.7m (+55.1%), from €3.1m to €4.9m
of which Affiliated companies: +€1.7m
- Cash -€1.4m
down €1.4m (-70.2%), from €2.0m to €589,714
mainly Investment in fixed assets (net) (-€1.8m) and Current investments (-€877,180)
- Receivables after one year -€923,802
no longer reported in 2025 (was €923,802)
- Current investments +€877,180
up €877,180 (+106.0%), from €827,175 to €1.7m
- Stocks and contracts +€347,137
up €347,137 (+7.0%), from €5.0m to €5.3m
Equity and liabilities
- Reserves +€1.2m
up €1.2m (+9.0%), from €13.2m to €14.4m
of which Distributable reserves: +€1.2m
- Trade debts -€300,160
down €300,160 (-33.9%), from €885,144 to €584,984
- Debts after one year -€261,514
down €261,514 (-20.2%), from €1.3m to €1.0m
- Tax, wage and social debts +€212,923
up €212,923 (+45.9%), from €463,897 to €676,820
of which Taxes: +€180,105
Income statement
- Financial income +€599,024
up €599,024 (+299.5%), from €199,988 to €799,011
- Write-downs -€346,441
down €346,441 (-521.9%), from -€66,384 to -€412,825
- Other operating charges +€338,251
up €338,251 (+357.3%), from €94,658 to €432,909
- Services and other goods +€264,131
up €264,131 (+15.8%), from €1.7m to €1.9m
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
€677,936
Turnover
+€113,366
Other operating income
-€36,294
Goods and materials
+€121,253
Services and other goods
-€264,131
Staff costs
-€35,634
Depreciation
-€18,351
Write-downs
+€346,441
Other operating charges
-€338,251
Other operating items
+€22,827
Financial income
+€599,024
Financial charges
-€25,863
Taxes
+€24,527
Result 2025
€1.2m
Cash bridge derived
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
+€1.5m
Investment
-€2.7m
Financing
-€259,784
Cash 2024
€2.0m
From operations (derived)
+€1.5m
Net result for the year
+€1.2m
Depreciation
+€189,060
Receivables after one year
+€923,802
Stocks and contracts
-€347,137
Receivables within one year
-€271,323
Deferred charges and accrued income
-€40,007
Trade debts
-€300,160
Tax, wage and social debts
+€212,923
Other debts
-€2,085
Accrued charges and deferred income
-€6,016
Investment (derived)
-€2.7m
Investment in fixed assets (net)
-€1.8m
Current investments
-€877,180
Financing
-€259,784
Debts after one year
-€261,514
Current portion of long-term debt
+€1,730
Cash 2025
€589,714
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,178,995 | €17,010,723 | +€831,728 | +5.1% |
| Fixed assets | 21/28 | €3,744,381 | €5,353,712 | +€1.6m | +43.0% |
| Intangible fixed assets | 21 | €212,040 | €120,399 | -€91,641 | -43.2% |
| Tangible fixed assets | 22/27 | €385,114 | €353,047 | -€32,068 | -8.3% |
| Plant, machinery and equipment | 23 | €209,163 | €206,585 | -€2,578 | -1.2% |
| Furniture and vehicles | 24 | €25,993 | €21,006 | -€4,987 | -19.2% |
| Leasing and similar rights | 25 | €149,959 | €109,073 | -€40,886 | -27.3% |
| Other tangible fixed assets | 26 | - | €16,384 | +€16,384 | |
| Financial fixed assets | 28 | €3,147,227 | €4,880,266 | +€1.7m | +55.1% |
| Affiliated companies | 280/1 | €3,140,602 | €4,873,642 | +€1.7m | +55.2% |
| Participating interests | 280 | €1,890,602 | €1,890,602 | = | 0.0% |
| Amounts receivable | 281 | €1,250,000 | €2,983,040 | +€1.7m | +138.6% |
| Other financial fixed assets | 284/8 | €6,625 | €6,625 | = | 0.0% |
| Shares | 284 | €3,570 | €3,570 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,055 | €3,055 | = | 0.0% |
| Current assets | 29/58 | €12,434,614 | €11,657,011 | -€777,603 | -6.3% |
| Amounts receivable after more than one year | 29 | €923,802 | - | -€923,802 | |
| Other amounts receivable | 291 | €923,802 | - | -€923,802 | |
| Stocks and contracts in progress | 3 | €4,957,294 | €5,304,431 | +€347,137 | +7.0% |
| Stocks | 30/36 | €4,957,294 | €5,304,431 | +€347,137 | +7.0% |
| Goods purchased for resale | 34 | €4,957,294 | €5,304,431 | +€347,137 | +7.0% |
| Amounts receivable within one year | 40/41 | €3,316,311 | €3,587,634 | +€271,323 | +8.2% |
| Trade receivables | 40 | €1,875,013 | €1,890,046 | +€15,033 | +0.8% |
| Other amounts receivable | 41 | €1,441,298 | €1,697,588 | +€256,290 | +17.8% |
| Current investments | 50/53 | €827,175 | €1,704,355 | +€877,180 | +106.0% |
| Other investments | 51/53 | €827,175 | €1,704,355 | +€877,180 | +106.0% |
| Cash at bank and in hand | 54/58 | €1,979,163 | €589,714 | -€1.4m | -70.2% |
| Deferred charges and accrued income | 490/1 | €430,870 | €470,877 | +€40,007 | +9.3% |
| Total equity and liabilities | 10/49 | €16,178,995 | €17,010,723 | +€831,728 | +5.1% |
| Equity | 10/15 | €13,219,643 | €14,406,492 | +€1.2m | +9.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €13,194,643 | €14,381,492 | +€1.2m | +9.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €992 | €992 | = | 0.0% |
| Distributable reserves | 133 | €13,191,151 | €14,378,001 | +€1.2m | +9.0% |
| Amounts payable | 17/49 | €2,959,352 | €2,604,231 | -€355,122 | -12.0% |
| Amounts payable after more than one year | 17 | €1,291,682 | €1,030,168 | -€261,514 | -20.2% |
| Financial debts | 170/4 | €1,291,682 | €1,030,168 | -€261,514 | -20.2% |
| Leasing and similar obligations | 172 | €95,254 | €48,026 | -€47,228 | -49.6% |
| Credit institutions | 173 | €1,196,429 | €982,143 | -€214,286 | -17.9% |
| Amounts payable within one year | 42/48 | €1,647,641 | €1,560,049 | -€87,591 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €259,784 | €261,514 | +€1,730 | +0.7% |
| Trade debts | 44 | €885,144 | €584,984 | -€300,160 | -33.9% |
| Suppliers | 440/4 | €885,144 | €584,984 | -€300,160 | -33.9% |
| Taxes, remuneration and social security | 45 | €463,897 | €676,820 | +€212,923 | +45.9% |
| Taxes | 450/3 | €161,621 | €341,727 | +€180,105 | +111.4% |
| Remuneration and social security | 454/9 | €302,275 | €335,093 | +€32,818 | +10.9% |
| Other amounts payable | 47/48 | €38,816 | €36,731 | -€2,085 | -5.4% |
| Accrued charges and deferred income | 492/3 | €20,029 | €14,013 | -€6,016 | -30.0% |
| Operating income | 70/76A | €15,332,303 | €15,394,988 | +€62,685 | +0.4% |
| Turnover | 70 | €15,168,389 | €15,281,756 | +€113,366 | +0.7% |
| Other operating income | 74 | €149,526 | €113,232 | -€36,294 | -24.3% |
| Non-recurring operating income | 76A | €14,388 | - | -€14,388 | |
| Operating charges | 60/66A | €14,579,353 | €14,730,812 | +€151,459 | +1.0% |
| Goods for resale, raw materials and consumables | 60 | €10,572,860 | €10,451,607 | -€121,253 | -1.1% |
| Purchases | 600/8 | €10,392,890 | €10,798,744 | +€405,854 | +3.9% |
| Change in stocks: decrease (increase) | 609 | €179,970 | -€347,137 | -€527,107 | |
| Services and other goods | 61 | €1,667,513 | €1,931,644 | +€264,131 | +15.8% |
| Remuneration, social security and pensions | 62 | €2,102,782 | €2,138,416 | +€35,634 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,709 | €189,060 | +€18,351 | +10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€66,384 | -€412,825 | -€346,441 | -521.9% |
| Other operating charges | 640/8 | €94,658 | €432,909 | +€338,251 | +357.3% |
| Non-recurring operating charges | 66A | €37,215 | - | -€37,215 | |
| Operating profit (loss) | 9901 | €752,950 | €664,176 | -€88,774 | -11.8% |
| Financial income | 75/76B | €199,988 | €799,011 | +€599,024 | +299.5% |
| Recurring financial income | 75 | €199,988 | €799,011 | +€599,024 | +299.5% |
| Income from financial fixed assets | 750 | €5,422 | €270,381 | +€264,959 | +4886.8% |
| Income from current assets | 751 | €62,796 | €65,380 | +€2,584 | +4.1% |
| Other financial income | 752/9 | €131,770 | €463,250 | +€331,480 | +251.6% |
| Financial charges | 65/66B | €35,265 | €61,128 | +€25,863 | +73.3% |
| Recurring financial charges | 65 | €35,265 | €61,128 | +€25,863 | +73.3% |
| Debt charges | 650 | €28,998 | €53,740 | +€24,742 | +85.3% |
| Other financial charges | 652/9 | €6,268 | €7,388 | +€1,121 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €917,673 | €1,402,059 | +€484,387 | +52.8% |
| Income taxes | 67/77 | €239,737 | €215,210 | -€24,527 | -10.2% |
| Taxes | 670/3 | €239,737 | €215,210 | -€24,527 | -10.2% |
| Profit (loss) for the period | 9904 | €677,936 | €1,186,849 | +€508,914 | +75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €677,936 | €1,186,849 | +€508,914 | +75.1% |
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 9 October 2026 via checked.be.