VOSCO Concept: 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.
VOSCO Concept
Largest movements
- Receivables within one year +€73,486
up €73,486 (+32.2%), from €228,162 to €301,648
of which Other amounts receivable: +€73,918
- Deferred charges and accrued income +€18,524
up €18,524 (+65.1%), from €28,469 to €46,993
- Reserves +€79,082
up €79,082 (+23.9%), from €331,400 to €410,482
- Tax, wage and social debts +€10,740
up €10,740 (+10.0%), from €107,768 to €118,509
- Financial charges +€4,783
up €4,783 (+1,123%), from €426 to €5,209
- Taxes +€4,687
up €4,687 (+10.5%), from €44,577 to €49,264
- Financial income +€3,129
up €3,129 (+19.6%), from €15,989 to €19,117
- Gross operating margin +€2,397
up €2,397 (+1.7%), from €138,093 to €140,490
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 | €501,129 | €589,885 | +€88,756 | +17.7% |
| Current assets | 29/58 | €501,129 | €589,885 | +€88,756 | +17.7% |
| Amounts receivable after more than one year | 29 | €240,000 | €240,000 | = | 0.0% |
| Other amounts receivable | 291 | €240,000 | €240,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €228,162 | €301,648 | +€73,486 | +32.2% |
| Trade receivables | 40 | €16,674 | €16,243 | -€431 | -2.6% |
| Other amounts receivable | 41 | €211,488 | €285,406 | +€73,918 | +35.0% |
| Cash at bank and in hand | 54/58 | €4,498 | €1,244 | -€3,254 | -72.3% |
| Deferred charges and accrued income | 490/1 | €28,469 | €46,993 | +€18,524 | +65.1% |
| Total equity and liabilities | 10/49 | €501,129 | €589,885 | +€88,756 | +17.7% |
| Equity | 10/15 | €350,000 | €429,082 | +€79,082 | +22.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €331,400 | €410,482 | +€79,082 | +23.9% |
| Distributable reserves | 133 | €331,400 | €410,482 | +€79,082 | +23.9% |
| Amounts payable | 17/49 | €151,129 | €160,803 | +€9,674 | +6.4% |
| Amounts payable within one year | 42/48 | €149,745 | €159,420 | +€9,674 | +6.5% |
| Trade debts | 44 | €16,977 | €15,911 | -€1,066 | -6.3% |
| Suppliers | 440/4 | €16,977 | €15,911 | -€1,066 | -6.3% |
| Taxes, remuneration and social security | 45 | €107,768 | €118,509 | +€10,740 | +10.0% |
| Taxes | 450/3 | €107,768 | €118,509 | +€10,740 | +10.0% |
| Other amounts payable | 47/48 | €25,000 | €25,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,384 | €1,384 | = | 0.0% |
| Other operating charges | 640/8 | €1,283 | €1,053 | -€230 | -17.9% |
| Gross operating margin | 9900 | €138,093 | €140,490 | +€2,397 | +1.7% |
| Operating profit (loss) | 9901 | €136,810 | €139,437 | +€2,627 | +1.9% |
| Financial income | 75/76B | €15,989 | €19,117 | +€3,129 | +19.6% |
| Recurring financial income | 75 | €15,989 | €19,117 | +€3,129 | +19.6% |
| Financial charges | 65/66B | €426 | €5,209 | +€4,783 | +1,123% |
| Recurring financial charges | 65 | €426 | €5,209 | +€4,783 | +1,123% |
| Profit (loss) for the period before taxes | 9903 | €152,373 | €153,346 | +€972 | +0.6% |
| Income taxes | 67/77 | €44,577 | €49,264 | +€4,687 | +10.5% |
| Profit (loss) for the period | 9904 | €107,797 | €104,082 | -€3,715 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €107,797 | €104,082 | -€3,715 | -3.4% |
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.