VOSCOBO: 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.
VOSCOBO
Largest movements
- Cash +€16,958
up €16,958 (+39.7%), from €42,735 to €59,693
mainly Other debts (+€107,150) and Net result for the year (+€17,655)
- Tangible fixed assets -€14,537
down €14,537 (-7.6%), from €190,096 to €175,559
of which Leasing and similar rights: -€8,515
- Receivables within one year +€6,213
up €6,213 (+20.7%), from €30,075 to €36,289
of which Trade receivables: +€7,584
- Other debts +€107,150
up €107,150 (+1,332%), from €8,043 to €115,193
- Reserves -€82,345
down €82,345 (-79.3%), from €103,856 to €21,512
- Debts after one year -€14,104
down €14,104 (-13.5%), from €104,363 to €90,259
- Current portion of long-term debt -€4,866
down €4,866 (-25.7%), from €18,970 to €14,104
- Gross operating margin +€18,017
up €18,017 (+63.4%), from €28,412 to €46,429
- Taxes -€1,282
down €1,282 (-16.3%), from €7,876 to €6,594
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 | €266,449 | €274,792 | +€8,343 | +3.1% |
| Fixed assets | 21/28 | €190,096 | €175,559 | -€14,537 | -7.6% |
| Tangible fixed assets | 22/27 | €190,096 | €175,559 | -€14,537 | -7.6% |
| Land and buildings | 22 | €165,868 | €161,111 | -€4,757 | -2.9% |
| Plant, machinery and equipment | 23 | €148 | €664 | +€517 | +350% |
| Furniture and vehicles | 24 | €363 | €176 | -€188 | -51.7% |
| Leasing and similar rights | 25 | €11,922 | €3,406 | -€8,515 | -71.4% |
| Other tangible fixed assets | 26 | €11,795 | €10,201 | -€1,594 | -13.5% |
| Current assets | 29/58 | €76,352 | €99,233 | +€22,881 | +30.0% |
| Amounts receivable within one year | 40/41 | €30,075 | €36,289 | +€6,213 | +20.7% |
| Trade receivables | 40 | €27,951 | €35,535 | +€7,584 | +27.1% |
| Other amounts receivable | 41 | €2,124 | €753 | -€1,371 | -64.5% |
| Cash at bank and in hand | 54/58 | €42,735 | €59,693 | +€16,958 | +39.7% |
| Deferred charges and accrued income | 490/1 | €3,542 | €3,251 | -€291 | -8.2% |
| Total equity and liabilities | 10/49 | €266,449 | €274,792 | +€8,343 | +3.1% |
| Equity | 10/15 | €122,456 | €40,112 | -€82,345 | -67.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €103,856 | €21,512 | -€82,345 | -79.3% |
| Distributable reserves | 133 | €103,856 | €21,512 | -€82,345 | -79.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €143,992 | €234,680 | +€90,688 | +63.0% |
| Amounts payable after more than one year | 17 | €104,363 | €90,259 | -€14,104 | -13.5% |
| Financial debts | 170/4 | €104,363 | €90,259 | -€14,104 | -13.5% |
| Amounts payable within one year | 42/48 | €39,630 | €144,422 | +€104,792 | +264% |
| Current portion of amounts payable after more than one year | 42 | €18,970 | €14,104 | -€4,866 | -25.7% |
| Trade debts | 44 | €2,016 | €2,557 | +€541 | +26.8% |
| Suppliers | 440/4 | €2,016 | €2,557 | +€541 | +26.8% |
| Taxes, remuneration and social security | 45 | €10,601 | €12,568 | +€1,967 | +18.6% |
| Taxes | 450/3 | €10,601 | €12,568 | +€1,967 | +18.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €8,043 | €115,193 | +€107,150 | +1,332% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,322 | €15,469 | +€147 | +1.0% |
| Other operating charges | 640/8 | €4,001 | €4,142 | +€142 | +3.5% |
| Gross operating margin | 9900 | €28,412 | €46,429 | +€18,017 | +63.4% |
| Operating profit (loss) | 9901 | €9,089 | €26,818 | +€17,729 | +195% |
| Financial income | 75/76B | €100 | €5 | -€95 | -95.0% |
| Recurring financial income | 75 | €100 | €5 | -€95 | -95.0% |
| Financial charges | 65/66B | €2,315 | €2,574 | +€259 | +11.2% |
| Recurring financial charges | 65 | €2,315 | €2,574 | +€259 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €6,874 | €24,249 | +€17,375 | +253% |
| Income taxes | 67/77 | €7,876 | €6,594 | -€1,282 | -16.3% |
| Profit (loss) for the period | 9904 | -€1,002 | €17,655 | +€18,657 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,002 | €17,655 | +€18,657 |
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 15 October 2026 via checked.be.