VOSCARE: 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.
VOSCARE
Largest movements
- Cash -€16,304
down €16,304 (-13.6%), from €120,202 to €103,898
mainly Net result for the year (-€15,843) and Receivables within one year (-€11,861)
- Receivables within one year +€11,861
up €11,861 (+119%), from €9,989 to €21,850
of which Trade receivables: +€14,022
- Stocks and contracts -€11,631
down €11,631 (-53.1%), from €21,922 to €10,291
of which Contracts in progress: -€16,600
- Reserves -€24,884
down €24,884 (-16.7%), from €148,704 to €123,820
- Profit (loss) carried forward +€9,041
up €9,041, from -€9,041 to €0
- Trade debts +€1,569
up €1,569 (+251%), from €625 to €2,194
- Gross operating margin -€7,708
down €7,708 (-99.6%), from -€7,737 to -€15,445
- Financial income -€211
down €211 (-28.0%), from €751 to €541
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 | €152,723 | €137,923 | -€14,800 | -9.7% |
| Fixed assets | 21/28 | €609 | €446 | -€163 | -26.8% |
| Tangible fixed assets | 22/27 | €163 | €0 | -€163 | -100.0% |
| Plant, machinery and equipment | 23 | €163 | €0 | -€163 | -100.0% |
| Financial fixed assets | 28 | €446 | €446 | = | 0.0% |
| Current assets | 29/58 | €152,113 | €137,476 | -€14,637 | -9.6% |
| Stocks and contracts in progress | 3 | €21,922 | €10,291 | -€11,631 | -53.1% |
| Stocks | 30/36 | €5,322 | €10,291 | +€4,969 | +93.4% |
| Contracts in progress | 37 | €16,600 | €0 | -€16,600 | -100% |
| Amounts receivable within one year | 40/41 | €9,989 | €21,850 | +€11,861 | +119% |
| Trade receivables | 40 | €5,257 | €19,279 | +€14,022 | +267% |
| Other amounts receivable | 41 | €4,732 | €2,571 | -€2,162 | -45.7% |
| Cash at bank and in hand | 54/58 | €120,202 | €103,898 | -€16,304 | -13.6% |
| Deferred charges and accrued income | 490/1 | - | €1,438 | +€1,438 | |
| Total equity and liabilities | 10/49 | €152,723 | €137,923 | -€14,800 | -9.7% |
| Equity | 10/15 | €145,868 | €130,025 | -€15,843 | -10.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €148,704 | €123,820 | -€24,884 | -16.7% |
| Distributable reserves | 133 | €148,704 | €123,820 | -€24,884 | -16.7% |
| Profit (loss) carried forward | 14 | -€9,041 | €0 | +€9,041 | |
| Amounts payable | 17/49 | €6,855 | €7,897 | +€1,043 | +15.2% |
| Amounts payable within one year | 42/48 | €6,855 | €7,897 | +€1,043 | +15.2% |
| Trade debts | 44 | €625 | €2,194 | +€1,569 | +251% |
| Suppliers | 440/4 | €625 | €2,194 | +€1,569 | +251% |
| Taxes, remuneration and social security | 45 | €1,125 | €1,125 | = | 0.0% |
| Taxes | 450/3 | €1,125 | €1,125 | = | 0.0% |
| Other amounts payable | 47/48 | €5,105 | €4,579 | -€526 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €302 | €163 | -€139 | -46.1% |
| Other operating charges | 640/8 | €714 | €733 | +€20 | +2.8% |
| Gross operating margin | 9900 | -€7,737 | -€15,445 | -€7,708 | -99.6% |
| Operating profit (loss) | 9901 | -€8,753 | -€16,341 | -€7,589 | -86.7% |
| Financial income | 75/76B | €751 | €541 | -€211 | -28.0% |
| Recurring financial income | 75 | €751 | €541 | -€211 | -28.0% |
| Financial charges | 65/66B | €82 | €42 | -€40 | -48.7% |
| Recurring financial charges | 65 | €82 | €42 | -€40 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,083 | -€15,843 | -€7,759 | -96.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€8,083 | -€15,843 | -€7,759 | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,083 | -€15,843 | -€7,759 | -96.0% |
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 17 October 2026 via checked.be.