VOS TOOLS BOOM: 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 BOOM
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€139,081
2024 · €26,444-€165,525
Equity
-€19,711
2024 · €119,371-€139,081
Cash
€101,810
2024 · €154,407-€52,597
Balance sheet total
€1.8m
2024 · €2.1m-€284,602
Largest movements
Assets
- Receivables within one year -€200,033
down €200,033 (-28.9%), from €692,222 to €492,189
of which Trade receivables: -€188,370
- Cash -€52,597
down €52,597 (-34.1%), from €154,407 to €101,810
mainly Trade debts (-€160,491) and Net result for the year (-€139,081)
- Stocks and contracts -€35,907
down €35,907 (-3.2%), from €1.1m to €1.1m
Equity and liabilities
- Trade debts -€160,491
down €160,491 (-27.1%), from €592,673 to €432,182
- Profit (loss) carried forward -€139,081
down €139,081 (-36.8%), from -€378,440 to -€517,521
- Tax, wage and social debts +€34,435
up €34,435 (+40.7%), from €84,691 to €119,127
of which Remuneration and social security: +€24,389
Income statement
- Gross operating margin -€166,034
down €166,034 (-31.3%), from €530,778 to €364,744
- Financial income -€11,836
down €11,836 (-34.8%), from €34,015 to €22,179
- Depreciation -€6,391
down €6,391 (-18.0%), from €35,521 to €29,130
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
€26,444
Gross operating margin
-€166,034
Staff costs
-€3,435
Depreciation
+€6,391
Write-downs
+€1,281
Other operating charges
+€4,408
Other operating items
+€91
Financial income
-€11,836
Financial charges
+€3,011
Taxes
+€598
Result 2025
-€139,081
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
-€17,216
Investment
-€19,620
Financing
-€15,761
Cash 2024
€154,407
From operations (derived)
-€17,216
Net result for the year
-€139,081
Depreciation
+€29,130
Stocks and contracts
+€35,907
Receivables within one year
+€200,033
Deferred charges and accrued income
-€13,445
Trade debts
-€160,491
Tax, wage and social debts
+€34,435
Other debts
+€401
Accrued charges and deferred income
-€4,105
Investment (derived)
-€19,620
Investment in fixed assets (net)
-€19,593
Current investments
-€27
Financing
-€15,761
Debts after one year
-€16,899
Current portion of long-term debt
+€1,138
Cash 2025
€101,810
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,110,789 | €1,826,187 | -€284,602 | -13.5% |
| Fixed assets | 21/28 | €98,016 | €88,478 | -€9,537 | -9.7% |
| Tangible fixed assets | 22/27 | €95,981 | €86,443 | -€9,537 | -9.9% |
| Plant, machinery and equipment | 23 | €25,398 | €18,463 | -€6,935 | -27.3% |
| Furniture and vehicles | 24 | €52,544 | €55,832 | +€3,288 | +6.3% |
| Leasing and similar rights | 25 | €17,140 | €11,549 | -€5,591 | -32.6% |
| Other tangible fixed assets | 26 | €899 | €599 | -€300 | -33.3% |
| Financial fixed assets | 28 | €2,035 | €2,035 | = | 0.0% |
| Current assets | 29/58 | €2,012,774 | €1,737,709 | -€275,064 | -13.7% |
| Stocks and contracts in progress | 3 | €1,126,906 | €1,090,999 | -€35,907 | -3.2% |
| Stocks | 30/36 | €1,126,906 | €1,090,999 | -€35,907 | -3.2% |
| Amounts receivable within one year | 40/41 | €692,222 | €492,189 | -€200,033 | -28.9% |
| Trade receivables | 40 | €620,855 | €432,485 | -€188,370 | -30.3% |
| Other amounts receivable | 41 | €71,367 | €59,704 | -€11,662 | -16.3% |
| Current investments | 50/53 | €6,138 | €6,165 | +€27 | +0.4% |
| Cash at bank and in hand | 54/58 | €154,407 | €101,810 | -€52,597 | -34.1% |
| Deferred charges and accrued income | 490/1 | €33,100 | €46,546 | +€13,445 | +40.6% |
| Total equity and liabilities | 10/49 | €2,110,789 | €1,826,187 | -€284,602 | -13.5% |
| Equity | 10/15 | €119,371 | -€19,711 | -€139,081 | |
| Contributions | 10/11 | €495,332 | €495,332 | = | 0.0% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€378,440 | -€517,521 | -€139,081 | -36.8% |
| Amounts payable | 17/49 | €1,991,419 | €1,845,898 | -€145,520 | -7.3% |
| Amounts payable after more than one year | 17 | €1,100,111 | €1,083,212 | -€16,899 | -1.5% |
| Financial debts | 170/4 | €176,309 | €150,172 | -€26,137 | -14.8% |
| Other amounts payable | 178/9 | €923,802 | €933,040 | +€9,238 | +1.0% |
| Amounts payable within one year | 42/48 | €879,409 | €754,893 | -€124,516 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €24,999 | €26,137 | +€1,138 | +4.6% |
| Trade debts | 44 | €592,673 | €432,182 | -€160,491 | -27.1% |
| Suppliers | 440/4 | €592,673 | €432,182 | -€160,491 | -27.1% |
| Taxes, remuneration and social security | 45 | €84,691 | €119,127 | +€34,435 | +40.7% |
| Taxes | 450/3 | €32,398 | €42,445 | +€10,046 | +31.0% |
| Remuneration and social security | 454/9 | €52,293 | €76,682 | +€24,389 | +46.6% |
| Other amounts payable | 47/48 | €177,045 | €177,447 | +€401 | +0.2% |
| Accrued charges and deferred income | 492/3 | €11,899 | €7,794 | -€4,105 | -34.5% |
| Non-recurring operating income | 76A | - | €22,529 | +€22,529 | |
| Remuneration, social security and pensions | 62 | €454,903 | €458,338 | +€3,435 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,521 | €29,130 | -€6,391 | -18.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€976 | -€2,257 | -€1,281 | -131% |
| Other operating charges | 640/8 | €13,399 | €8,991 | -€4,408 | -32.9% |
| Non-recurring operating charges | 66A | €91 | - | -€91 | |
| Gross operating margin | 9900 | €530,778 | €364,744 | -€166,034 | -31.3% |
| Operating profit (loss) | 9901 | €27,841 | -€129,457 | -€157,298 | |
| Financial income | 75/76B | €34,015 | €22,179 | -€11,836 | -34.8% |
| Recurring financial income | 75 | €34,015 | €22,179 | -€11,836 | -34.8% |
| Financial charges | 65/66B | €34,301 | €31,290 | -€3,011 | -8.8% |
| Recurring financial charges | 65 | €34,301 | €31,290 | -€3,011 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €27,555 | -€138,569 | -€166,123 | |
| Income taxes | 67/77 | €1,111 | €513 | -€598 | -53.8% |
| Profit (loss) for the period | 9904 | €26,444 | -€139,081 | -€165,525 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,444 | -€139,081 | -€165,525 |
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 27 October 2026 via checked.be.