VOSCON: 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.
VOSCON
Largest movements
- Receivables within one year -€8,611
down €8,611 (-32.2%), from €26,704 to €18,093
of which Trade receivables: -€8,470
- Tangible fixed assets +€7,084
up €7,084 (+11.2%), from €63,479 to €70,563
of which Furniture and vehicles: +€7,084
- Cash +€5,777
up €5,777 (+47.5%), from €12,155 to €17,932
mainly Receivables within one year (+€8,611) and Net result for the year (+€4,683)
- Deferred charges and accrued income +€2,283
up €2,283 (+297%), from €767 to €3,051
- Reserves +€4,683
up €4,683 (+6.3%), from €74,267 to €78,950
- Trade debts +€3,931
up €3,931 (+458%), from €859 to €4,790
- Other debts +€3,193
new in 2025: €3,193
- Debts after one year -€2,531
no longer reported in 2025 (was €2,531)
- Current portion of long-term debt -€2,488
down €2,488 (-49.6%), from €5,018 to €2,531
- Gross operating margin -€7,474
down €7,474 (-37.5%), from €19,914 to €12,440
- Depreciation +€1,104
up €1,104 (+52.6%), from €2,098 to €3,202
- Taxes -€956
down €956 (-25.1%), from €3,803 to €2,847
- Other operating charges +€207
up €207 (+22.1%), from €935 to €1,142
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 | €103,105 | €109,638 | +€6,533 | +6.3% |
| Fixed assets | 21/28 | €63,479 | €70,563 | +€7,084 | +11.2% |
| Tangible fixed assets | 22/27 | €63,479 | €70,563 | +€7,084 | +11.2% |
| Land and buildings | 22 | €57,310 | €57,310 | = | 0.0% |
| Furniture and vehicles | 24 | €6,168 | €13,252 | +€7,084 | +115% |
| Current assets | 29/58 | €39,626 | €39,076 | -€551 | -1.4% |
| Amounts receivable within one year | 40/41 | €26,704 | €18,093 | -€8,611 | -32.2% |
| Trade receivables | 40 | €25,410 | €16,940 | -€8,470 | -33.3% |
| Other amounts receivable | 41 | €1,294 | €1,153 | -€141 | -10.9% |
| Cash at bank and in hand | 54/58 | €12,155 | €17,932 | +€5,777 | +47.5% |
| Deferred charges and accrued income | 490/1 | €767 | €3,051 | +€2,283 | +297% |
| Total equity and liabilities | 10/49 | €103,105 | €109,638 | +€6,533 | +6.3% |
| Equity | 10/15 | €86,767 | €91,450 | +€4,683 | +5.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €74,267 | €78,950 | +€4,683 | +6.3% |
| Distributable reserves | 133 | €74,267 | €78,950 | +€4,683 | +6.3% |
| Amounts payable | 17/49 | €16,338 | €18,188 | +€1,850 | +11.3% |
| Amounts payable after more than one year | 17 | €2,531 | - | -€2,531 | |
| Financial debts | 170/4 | €2,531 | - | -€2,531 | |
| Amounts payable within one year | 42/48 | €11,892 | €16,522 | +€4,631 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €5,018 | €2,531 | -€2,488 | -49.6% |
| Trade debts | 44 | €859 | €4,790 | +€3,931 | +458% |
| Suppliers | 440/4 | €859 | €4,790 | +€3,931 | +458% |
| Taxes, remuneration and social security | 45 | €6,015 | €6,008 | -€6 | -0.1% |
| Taxes | 450/3 | €3,912 | €3,907 | -€5 | -0.1% |
| Remuneration and social security | 454/9 | €2,102 | €2,101 | -€1 | -0.1% |
| Other amounts payable | 47/48 | - | €3,193 | +€3,193 | |
| Accrued charges and deferred income | 492/3 | €1,916 | €1,666 | -€250 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,098 | €3,202 | +€1,104 | +52.6% |
| Other operating charges | 640/8 | €935 | €1,142 | +€207 | +22.1% |
| Gross operating margin | 9900 | €19,914 | €12,440 | -€7,474 | -37.5% |
| Operating profit (loss) | 9901 | €16,880 | €8,096 | -€8,784 | -52.0% |
| Financial income | 75/76B | €80 | €87 | +€7 | +9.0% |
| Recurring financial income | 75 | €80 | €87 | +€7 | +9.0% |
| Financial charges | 65/66B | €675 | €653 | -€22 | -3.2% |
| Recurring financial charges | 65 | €675 | €653 | -€22 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €16,285 | €7,530 | -€8,755 | -53.8% |
| Income taxes | 67/77 | €3,803 | €2,847 | -€956 | -25.1% |
| Profit (loss) for the period | 9904 | €12,482 | €4,683 | -€7,799 | -62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,482 | €4,683 | -€7,799 | -62.5% |
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 16 October 2026 via checked.be.