VOSCH RONNY: 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.
VOSCH RONNY
Largest movements
- Cash +€44,665
up €44,665 (+23.6%), from €188,963 to €233,628
mainly Net result for the year (+€72,909) and Depreciation (+€10,078)
- Tangible fixed assets +€25,520
up €25,520 (+15.4%), from €165,461 to €190,981
of which Furniture and vehicles: +€31,772
- Receivables within one year +€7,504
up €7,504 (+39.5%), from €18,990 to €26,494
of which Trade receivables: +€11,065
- Reserves +€72,909
up €72,909 (+22.8%), from €319,804 to €392,713
of which Distributable reserves: +€72,909
- Trade debts -€8,541
down €8,541 (-28.6%), from €29,836 to €21,294
- Other debts +€6,896
new in 2025: €6,896
- Tax, wage and social debts +€6,424
up €6,424 (+124%), from €5,175 to €11,599
of which Taxes: +€5,224
- Gross operating margin +€33,945
up €33,945 (+39.8%), from €85,297 to €119,243
- Taxes +€10,407
up €10,407 (+42.1%), from €24,723 to €35,130
- Depreciation +€3,126
up €3,126 (+45.0%), from €6,952 to €10,078
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 | €373,415 | €451,103 | +€77,688 | +20.8% |
| Fixed assets | 21/28 | €165,461 | €190,981 | +€25,520 | +15.4% |
| Tangible fixed assets | 22/27 | €165,461 | €190,981 | +€25,520 | +15.4% |
| Land and buildings | 22 | €164,932 | €158,679 | -€6,252 | -3.8% |
| Furniture and vehicles | 24 | €529 | €32,301 | +€31,772 | +6,002% |
| Current assets | 29/58 | €207,954 | €260,122 | +€52,168 | +25.1% |
| Amounts receivable within one year | 40/41 | €18,990 | €26,494 | +€7,504 | +39.5% |
| Trade receivables | 40 | €12,661 | €23,726 | +€11,065 | +87.4% |
| Other amounts receivable | 41 | €6,330 | €2,768 | -€3,561 | -56.3% |
| Cash at bank and in hand | 54/58 | €188,963 | €233,628 | +€44,665 | +23.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €373,415 | €451,103 | +€77,688 | +20.8% |
| Equity | 10/15 | €338,404 | €411,313 | +€72,909 | +21.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €319,804 | €392,713 | +€72,909 | +22.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €317,944 | €390,853 | +€72,909 | +22.9% |
| Amounts payable | 17/49 | €35,011 | €39,790 | +€4,779 | +13.6% |
| Amounts payable within one year | 42/48 | €35,011 | €39,790 | +€4,779 | +13.6% |
| Trade debts | 44 | €29,836 | €21,294 | -€8,541 | -28.6% |
| Suppliers | 440/4 | €29,836 | €21,294 | -€8,541 | -28.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,175 | €11,599 | +€6,424 | +124% |
| Taxes | 450/3 | €5,175 | €10,399 | +€5,224 | +101% |
| Remuneration and social security | 454/9 | €0 | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | - | €6,896 | +€6,896 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,952 | €10,078 | +€3,126 | +45.0% |
| Other operating charges | 640/8 | €2,610 | €2,002 | -€608 | -23.3% |
| Gross operating margin | 9900 | €85,297 | €119,243 | +€33,945 | +39.8% |
| Operating profit (loss) | 9901 | €75,735 | €107,163 | +€31,427 | +41.5% |
| Financial income | 75/76B | €1,634 | €999 | -€635 | -38.9% |
| Recurring financial income | 75 | €1,634 | €999 | -€635 | -38.9% |
| Financial charges | 65/66B | €899 | €123 | -€776 | -86.3% |
| Recurring financial charges | 65 | €93 | €123 | +€30 | +32.9% |
| Non-recurring financial charges | 66B | €806 | - | -€806 | |
| Profit (loss) for the period before taxes | 9903 | €76,471 | €108,039 | +€31,568 | +41.3% |
| Income taxes | 67/77 | €24,723 | €35,130 | +€10,407 | +42.1% |
| Profit (loss) for the period | 9904 | €51,748 | €72,909 | +€21,161 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,748 | €72,909 | +€21,161 | +40.9% |
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 22 October 2026 via checked.be.