VOSC ZEDELGEM: what changed
What changed
VOSC ZEDELGEM
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
filed annual accounts (NBB)
Net result for the year
-€494,785
2024 · €167,474-€662,260
Equity
€308,130
2024 · €802,915-€494,785
Cash
€182,577
2024 · €756,864-€574,287
Balance sheet total
€3.8m
2024 · €2.4m+€1.3m
Largest movements
Assets
- Tangible fixed assets +€1.9m
up €1.9m (+408%), from €454,019 to €2.3m
of which Plant, machinery and equipment: +€1.8m
- Cash -€574,287
down €574,287 (-75.9%), from €756,864 to €182,577
mainly Investment in fixed assets (net) (-€2.1m) and Net result for the year (-€494,785)
- Stocks and contracts +€91,389
up €91,389 (+23.3%), from €392,021 to €483,410
- Receivables within one year -€55,644
down €55,644 (-6.8%), from €821,965 to €766,321
of which Trade receivables: -€28,046
Equity and liabilities
- Debts after one year +€1.3m
up €1.3m (+1,835%), from €69,814 to €1.4m
- Trade debts +€610,051
up €610,051 (+66.7%), from €915,143 to €1.5m
- Profit (loss) carried forward -€494,785
down €494,785, from €302,394 to -€192,392
- Other debts -€162,635
down €162,635 (-98.3%), from €165,451 to €2,816
- Current portion of long-term debt +€75,180
up €75,180 (+129%), from €58,404 to €133,584
Income statement
- Gross operating margin -€523,403
down €523,403 (-43.8%), from €1.2m to €670,299
- Depreciation +€87,061
up €87,061 (+63.5%), from €137,126 to €224,187
- Staff costs +€30,741
up €30,741 (+3.5%), from €883,607 to €914,348
- Financial charges +€18,816
up €18,816 (+202%), from €9,338 to €28,154
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€167,474
Gross operating margin
-€523,403
Staff costs
-€30,741
Depreciation
-€87,061
Other operating charges
-€404
Financial income
-€6,560
Financial charges
-€18,816
Taxes
+€4,727
Result 2025
-€494,785
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€147,495
Investment
-€2.1m
Financing
+€1.4m
Cash 2024
€756,864
From operations (derived)
+€147,495
Net result for the year
-€494,785
Depreciation
+€224,187
Stocks and contracts
-€91,389
Receivables within one year
+€55,644
Deferred charges and accrued income
+€571
Trade debts
+€610,051
Tax, wage and social debts
+€52,484
Other debts
-€162,635
Accrued charges and deferred income
-€46,633
Investment (derived)
-€2.1m
Investment in fixed assets (net)
-€2.1m
Financing
+€1.4m
Debts after one year
+€1.3m
Current portion of long-term debt
+€75,180
Cash 2025
€182,577
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,439,862 | €3,754,941 | +€1.3m | +53.9% |
| Fixed assets | 21/28 | €456,099 | €2,310,291 | +€1.9m | +407% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €454,019 | €2,308,211 | +€1.9m | +408% |
| Land and buildings | 22 | €119,206 | €97,780 | -€21,425 | -18.0% |
| Plant, machinery and equipment | 23 | €278,227 | €2,033,448 | +€1.8m | +631% |
| Furniture and vehicles | 24 | €56,586 | €32,410 | -€24,176 | -42.7% |
| Other tangible fixed assets | 26 | - | €144,573 | +€144,573 | |
| Financial fixed assets | 28 | €2,080 | €2,080 | = | 0.0% |
| Current assets | 29/58 | €1,983,763 | €1,444,649 | -€539,113 | -27.2% |
| Stocks and contracts in progress | 3 | €392,021 | €483,410 | +€91,389 | +23.3% |
| Stocks | 30/36 | €392,021 | €483,410 | +€91,389 | +23.3% |
| Amounts receivable within one year | 40/41 | €821,965 | €766,321 | -€55,644 | -6.8% |
| Trade receivables | 40 | €92,355 | €64,309 | -€28,046 | -30.4% |
| Other amounts receivable | 41 | €729,609 | €702,012 | -€27,598 | -3.8% |
| Cash at bank and in hand | 54/58 | €756,864 | €182,577 | -€574,287 | -75.9% |
| Deferred charges and accrued income | 490/1 | €12,914 | €12,343 | -€571 | -4.4% |
| Total equity and liabilities | 10/49 | €2,439,862 | €3,754,941 | +€1.3m | +53.9% |
| Equity | 10/15 | €802,915 | €308,130 | -€494,785 | -61.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €494,322 | €494,322 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,939 | €2,939 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,939 | €2,939 | = | 0.0% |
| Distributable reserves | 133 | €491,383 | €491,383 | = | 0.0% |
| Profit (loss) carried forward | 14 | €302,394 | -€192,392 | -€494,785 | |
| Amounts payable | 17/49 | €1,636,947 | €3,446,810 | +€1.8m | +111% |
| Amounts payable after more than one year | 17 | €69,814 | €1,351,230 | +€1.3m | +1,835% |
| Financial debts | 170/4 | €69,814 | €1,351,230 | +€1.3m | +1,835% |
| Amounts payable within one year | 42/48 | €1,309,838 | €1,884,918 | +€575,080 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €58,404 | €133,584 | +€75,180 | +129% |
| Trade debts | 44 | €915,143 | €1,525,194 | +€610,051 | +66.7% |
| Suppliers | 440/4 | €915,143 | €1,525,194 | +€610,051 | +66.7% |
| Taxes, remuneration and social security | 45 | €170,841 | €223,325 | +€52,484 | +30.7% |
| Taxes | 450/3 | €20,320 | €25,725 | +€5,405 | +26.6% |
| Remuneration and social security | 454/9 | €150,521 | €197,601 | +€47,080 | +31.3% |
| Other amounts payable | 47/48 | €165,451 | €2,816 | -€162,635 | -98.3% |
| Accrued charges and deferred income | 492/3 | €257,294 | €210,662 | -€46,633 | -18.1% |
| Remuneration, social security and pensions | 62 | €883,607 | €914,348 | +€30,741 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,126 | €224,187 | +€87,061 | +63.5% |
| Other operating charges | 640/8 | €4,676 | €5,080 | +€404 | +8.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,193,702 | €670,299 | -€523,403 | -43.8% |
| Operating profit (loss) | 9901 | €168,294 | -€473,316 | -€641,610 | |
| Financial income | 75/76B | €14,251 | €7,691 | -€6,560 | -46.0% |
| Recurring financial income | 75 | €14,251 | €7,691 | -€6,560 | -46.0% |
| Financial charges | 65/66B | €9,338 | €28,154 | +€18,816 | +202% |
| Recurring financial charges | 65 | €9,338 | €28,154 | +€18,816 | +202% |
| Profit (loss) for the period before taxes | 9903 | €173,207 | -€493,780 | -€666,986 | |
| Income taxes | 67/77 | €5,732 | €1,006 | -€4,727 | -82.5% |
| Profit (loss) for the period | 9904 | €167,474 | -€494,785 | -€662,260 | |
| Profit (loss) for the period to be appropriated | 9905 | €167,474 | -€494,785 | -€662,260 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.