Vosco: what changed
Two fiscal 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.
Vosco
Largest movements
- Cash -€7,985
down €7,985 (-80.0%), from €9,979 to €1,994
mainly Debts after one year (-€20,000) and Trade debts (-€13,768)
- Receivables within one year -€1,863
down €1,863 (-27.4%), from €6,811 to €4,948
of which Trade receivables: -€1,034
- Debts after one year -€20,000
down €20,000 (-14.3%), from €140,000 to €120,000
- Other debts +€14,805
up €14,805 (+38.7%), from €38,208 to €53,013
- Trade debts -€13,768
down €13,768 (-92.5%), from €14,879 to €1,111
- Profit (loss) carried forward +€11,828
up €11,828 (+3.5%), from -€333,377 to -€321,549
- Tax, wage and social debts -€1,577
down €1,577 (-66.3%), from €2,377 to €800
- Gross operating margin +€11,929
up €11,929 (+511.0%), from €2,334 to €14,264
- Other operating charges -€5,412
down €5,412 (-73.6%), from €7,358 to €1,946
- Financial income -€223
down €223 (-39.1%), from €571 to €348
- Depreciation -€176
down €176 (-100.0%), from €176 to €0
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,087 | €119,993 | -€8,093 | -6.3% |
| Fixed assets | 21/28 | €3,225 | €2,700 | -€525 | -16.3% |
| Financial fixed assets | 28 | €3,225 | €2,700 | -€525 | -16.3% |
| Current assets | 29/58 | €124,862 | €117,293 | -€7,568 | -6.1% |
| Stocks and contracts in progress | 3 | €107,012 | €108,027 | +€1,016 | +0.9% |
| Stocks | 30/36 | €107,012 | €108,027 | +€1,016 | +0.9% |
| Amounts receivable within one year | 40/41 | €6,811 | €4,948 | -€1,863 | -27.4% |
| Trade receivables | 40 | €5,715 | €4,682 | -€1,034 | -18.1% |
| Other amounts receivable | 41 | €1,096 | €266 | -€829 | -75.7% |
| Cash at bank and in hand | 54/58 | €9,979 | €1,994 | -€7,985 | -80.0% |
| Deferred charges and accrued income | 490/1 | €1,060 | €2,324 | +€1,264 | +119.3% |
| Total equity and liabilities | 10/49 | €128,087 | €119,993 | -€8,093 | -6.3% |
| Equity | 10/15 | -€67,377 | -€55,549 | +€11,828 | +17.6% |
| Contributions | 10/11 | €260,000 | €260,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€333,377 | -€321,549 | +€11,828 | +3.5% |
| Amounts payable | 17/49 | €195,464 | €175,542 | -€19,921 | -10.2% |
| Amounts payable after more than one year | 17 | €140,000 | €120,000 | -€20,000 | -14.3% |
| Financial debts | 170/4 | €140,000 | €120,000 | -€20,000 | -14.3% |
| Amounts payable within one year | 42/48 | €55,464 | €54,925 | -€539 | -1.0% |
| Trade debts | 44 | €14,879 | €1,111 | -€13,768 | -92.5% |
| Suppliers | 440/4 | €14,879 | €1,111 | -€13,768 | -92.5% |
| Taxes, remuneration and social security | 45 | €2,377 | €800 | -€1,577 | -66.3% |
| Taxes | 450/3 | €2,377 | €800 | -€1,577 | -66.3% |
| Other amounts payable | 47/48 | €38,208 | €53,013 | +€14,805 | +38.7% |
| Accrued charges and deferred income | 492/3 | - | €618 | +€618 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176 | €0 | -€176 | -100.0% |
| Other operating charges | 640/8 | €7,358 | €1,946 | -€5,412 | -73.6% |
| Gross operating margin | 9900 | €2,334 | €14,264 | +€11,929 | +511.0% |
| Operating profit (loss) | 9901 | -€5,199 | €12,318 | +€17,517 | |
| Financial income | 75/76B | €571 | €348 | -€223 | -39.1% |
| Recurring financial income | 75 | €571 | €348 | -€223 | -39.1% |
| Financial charges | 65/66B | €599 | €682 | +€83 | +13.8% |
| Recurring financial charges | 65 | €599 | €682 | +€83 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,228 | €11,983 | +€17,211 | |
| Income taxes | 67/77 | €145 | €155 | +€10 | +6.7% |
| Profit (loss) for the period | 9904 | -€5,373 | €11,828 | +€17,201 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,373 | €11,828 | +€17,201 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.