VOSKENS: 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.
VOSKENS
Largest movements
- Current investments +€50,000
up €50,000 (+100%), from €50,000 to €100,000
- Cash -€27,186
down €27,186 (-53.4%), from €50,958 to €23,772
mainly Current investments (-€50,000) and Provisions (-€2,903)
- Tangible fixed assets -€14,869
down €14,869 (-8.2%), from €180,963 to €166,094
- Reserves +€13,734
up €13,734 (+7.8%), from €177,157 to €190,890
of which Distributable reserves: +€19,371
- Gross operating margin -€1,272
down €1,272 (-3.4%), from €37,409 to €36,137
- Financial income +€975
up €975 (+306%), from €318 to €1,293
- Depreciation -€567
down €567 (-3.7%), from €15,436 to €14,869
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 | €287,130 | €296,390 | +€9,260 | +3.2% |
| Fixed assets | 21/28 | €180,963 | €166,094 | -€14,869 | -8.2% |
| Tangible fixed assets | 22/27 | €180,963 | €166,094 | -€14,869 | -8.2% |
| Land and buildings | 22 | €180,963 | €166,094 | -€14,869 | -8.2% |
| Current assets | 29/58 | €106,167 | €130,296 | +€24,129 | +22.7% |
| Amounts receivable within one year | 40/41 | €4,599 | €5,598 | +€999 | +21.7% |
| Trade receivables | 40 | €4,599 | €5,372 | +€773 | +16.8% |
| Other amounts receivable | 41 | - | €226 | +€226 | |
| Current investments | 50/53 | €50,000 | €100,000 | +€50,000 | +100% |
| Cash at bank and in hand | 54/58 | €50,958 | €23,772 | -€27,186 | -53.4% |
| Deferred charges and accrued income | 490/1 | €610 | €926 | +€316 | +51.9% |
| Total equity and liabilities | 10/49 | €287,130 | €296,390 | +€9,260 | +3.2% |
| Equity | 10/15 | €248,667 | €262,400 | +€13,734 | +5.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €177,157 | €190,890 | +€13,734 | +7.8% |
| Tax-exempt reserves | 132 | €57,490 | €51,852 | -€5,638 | -9.8% |
| Distributable reserves | 133 | €119,667 | €139,039 | +€19,371 | +16.2% |
| Profit (loss) carried forward | 14 | €9,510 | €9,510 | = | 0.0% |
| Provisions and deferred taxes | 16 | €29,603 | €26,699 | -€2,903 | -9.8% |
| Deferred taxes | 168 | €29,603 | €26,699 | -€2,903 | -9.8% |
| Amounts payable | 17/49 | €8,860 | €7,290 | -€1,570 | -17.7% |
| Amounts payable within one year | 42/48 | €8,060 | €7,290 | -€770 | -9.6% |
| Trade debts | 44 | - | €73 | +€73 | |
| Suppliers | 440/4 | - | €73 | +€73 | |
| Taxes, remuneration and social security | 45 | €2,280 | €530 | -€1,750 | -76.8% |
| Taxes | 450/3 | €2,280 | €530 | -€1,750 | -76.8% |
| Other amounts payable | 47/48 | €5,781 | €6,688 | +€907 | +15.7% |
| Accrued charges and deferred income | 492/3 | €800 | - | -€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,436 | €14,869 | -€567 | -3.7% |
| Other operating charges | 640/8 | €2,571 | €2,565 | -€6 | -0.2% |
| Gross operating margin | 9900 | €37,409 | €36,137 | -€1,272 | -3.4% |
| Operating profit (loss) | 9901 | €19,402 | €18,704 | -€699 | -3.6% |
| Financial income | 75/76B | €318 | €1,293 | +€975 | +306% |
| Recurring financial income | 75 | €318 | €1,293 | +€975 | +306% |
| Financial charges | 65/66B | €197 | €94 | -€103 | -52.2% |
| Recurring financial charges | 65 | €197 | €94 | -€103 | -52.2% |
| Profit (loss) for the period before taxes | 9903 | €19,523 | €19,903 | +€379 | +1.9% |
| Transfer from deferred taxes | 780 | €2,903 | €2,903 | = | 0.0% |
| Income taxes | 67/77 | €8,964 | €9,072 | +€108 | +1.2% |
| Profit (loss) for the period | 9904 | €13,463 | €13,734 | +€271 | +2.0% |
| Transfer from tax-exempt reserves | 789 | €5,638 | €5,638 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,101 | €19,371 | +€271 | +1.4% |
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 25 October 2026 via checked.be.