VOSMA: 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.
VOSMA
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Cash -€19,584
down €19,584 (-29.6%), from €66,113 to €46,529
mainly Current investments (-€50,000) and Investment in fixed assets (net) (-€5,834)
- Tangible fixed assets +€4,246
up €4,246 (+115.4%), from €3,679 to €7,925
- Reserves +€33,017
up €33,017 (+54.8%), from €60,241 to €93,259
- Tax, wage and social debts +€4,932
up €4,932 (+81.3%), from €6,065 to €10,996
of which Taxes: +€4,932
- Other debts -€2,333
down €2,333 (-100.0%), from €2,333 to €0
- Trade debts -€1,233
down €1,233 (-77.5%), from €1,592 to €359
- Gross operating margin +€19,724
up €19,724 (+86.6%), from €22,768 to €42,492
- Taxes +€3,856
up €3,856 (+88.4%), from €4,365 to €8,221
- Financial income +€1,046
up €1,046 (+2388.4%), from €44 to €1,090
- Depreciation +€937
up €937 (+144.2%), from €650 to €1,588
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 | €72,352 | €106,991 | +€34,639 | +47.9% |
| Fixed assets | 21/28 | €3,679 | €7,925 | +€4,246 | +115.4% |
| Tangible fixed assets | 22/27 | €3,679 | €7,925 | +€4,246 | +115.4% |
| Furniture and vehicles | 24 | €3,679 | €7,925 | +€4,246 | +115.4% |
| Current assets | 29/58 | €68,673 | €99,066 | +€30,393 | +44.3% |
| Amounts receivable within one year | 40/41 | €0 | €68 | +€68 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €68 | +€68 | |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €66,113 | €46,529 | -€19,584 | -29.6% |
| Deferred charges and accrued income | 490/1 | €2,560 | €2,469 | -€91 | -3.6% |
| Total equity and liabilities | 10/49 | €72,352 | €106,991 | +€34,639 | +47.9% |
| Equity | 10/15 | €62,241 | €95,259 | +€33,017 | +53.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €60,241 | €93,259 | +€33,017 | +54.8% |
| Distributable reserves | 133 | €60,241 | €93,259 | +€33,017 | +54.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €10,110 | €11,732 | +€1,622 | +16.0% |
| Amounts payable within one year | 42/48 | €9,990 | €11,355 | +€1,366 | +13.7% |
| Trade debts | 44 | €1,592 | €359 | -€1,233 | -77.5% |
| Suppliers | 440/4 | €1,592 | €359 | -€1,233 | -77.5% |
| Taxes, remuneration and social security | 45 | €6,065 | €10,996 | +€4,932 | +81.3% |
| Taxes | 450/3 | €4,365 | €9,296 | +€4,932 | +113.0% |
| Remuneration and social security | 454/9 | €1,700 | €1,700 | = | 0.0% |
| Other amounts payable | 47/48 | €2,333 | €0 | -€2,333 | -100.0% |
| Accrued charges and deferred income | 492/3 | €121 | €377 | +€256 | +211.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €650 | €1,588 | +€937 | +144.2% |
| Other operating charges | 640/8 | €204 | €610 | +€405 | +198.4% |
| Gross operating margin | 9900 | €22,768 | €42,492 | +€19,724 | +86.6% |
| Operating profit (loss) | 9901 | €21,913 | €40,294 | +€18,381 | +83.9% |
| Financial income | 75/76B | €44 | €1,090 | +€1,046 | +2388.4% |
| Recurring financial income | 75 | €44 | €1,090 | +€1,046 | +2388.4% |
| Financial charges | 65/66B | €215 | €146 | -€69 | -32.1% |
| Recurring financial charges | 65 | €215 | €146 | -€69 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €21,742 | €41,238 | +€19,497 | +89.7% |
| Income taxes | 67/77 | €4,365 | €8,221 | +€3,856 | +88.4% |
| Profit (loss) for the period | 9904 | €17,377 | €33,017 | +€15,640 | +90.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,377 | €33,017 | +€15,640 | +90.0% |
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 9 October 2026 via checked.be.