VOSSAL: what changed
Two fiscal 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.
What changed
VOSSAL
NACE 43.320, Joinery installation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.3m
2024 · €4.0m-€715,012
Equity
€10.5m
2024 · €7.2m+€3.3m
Cash
€1.3m
2024 · €434,948+€903,414
Balance sheet total
€11.8m
2024 · €13.4m-€1.6m
Largest movements
Assets
- Current investments -€1.8m
down €1.8m (-25.3%), from €7.0m to €5.2m
- Cash +€903,414
up €903,414 (+207.7%), from €434,948 to €1.3m
mainly Net result for the year (+€3.3m) and Current investments (+€1.8m)
- Tangible fixed assets -€374,338
down €374,338 (-22.8%), from €1.6m to €1.3m
of which Furniture and vehicles: -€230,778
- Stocks and contracts -€268,955
down €268,955 (-17.3%), from €1.6m to €1.3m
of which Stocks: -€302,356
Equity and liabilities
- Other debts -€5.0m
no longer reported in 2025 (was €5.0m)
- Profit (loss) carried forward +€2.9m
new in 2025: €2.9m
- Reserves +€406,415
up €406,415 (+5.7%), from €7.1m to €7.5m
of which Tax-exempt reserves: +€406,415
- Accrued charges and deferred income +€237,000
new in 2025: €237,000
Income statement
- Financial income -€416,356
down €416,356 (-50.6%), from €822,633 to €406,277
- Staff costs +€319,497
up €319,497 (+7.7%), from €4.2m to €4.5m
- Goods and materials +€252,680
up €252,680 (+2.5%), from €9.9m to €10.2m
of which Change in stocks: decrease (increase): +€380,604
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.
Result 2024
€4.0m
Turnover
-€26,604
Other operating income
-€83,281
Goods and materials
-€252,680
Services and other goods
+€37,172
Staff costs
-€319,497
Depreciation
-€104,518
Write-downs
-€470
Other operating charges
+€22,536
Other operating items
+€257,259
Financial income
-€416,356
Financial charges
+€55,208
Taxes
+€116,524
Deferred taxes and other
-€306
Result 2025
€3.3m
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.
From operations
-€749,863
Investment
+€1.7m
Financing
€0
Cash 2024
€434,948
From operations (derived)
-€749,863
Net result for the year
+€3.3m
Depreciation
+€495,485
Stocks and contracts
+€268,955
Receivables within one year
+€52,131
Deferred charges and accrued income
-€2,181
Provisions
-€50,000
Trade debts
-€84,357
Tax, wage and social debts
+€24,924
Other debts
-€5.0m
Accrued charges and deferred income
+€237,000
Investment (derived)
+€1.7m
Investment in fixed assets (net)
-€116,395
Current investments
+€1.8m
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,357,886 | €11,793,633 | -€1.6m | -11.7% |
| Fixed assets | 21/28 | €1,646,630 | €1,267,541 | -€379,089 | -23.0% |
| Intangible fixed assets | 21 | €6,696 | €2,079 | -€4,617 | -68.9% |
| Tangible fixed assets | 22/27 | €1,638,584 | €1,264,247 | -€374,338 | -22.8% |
| Plant, machinery and equipment | 23 | €428,765 | €317,731 | -€111,033 | -25.9% |
| Furniture and vehicles | 24 | €1,076,225 | €845,447 | -€230,778 | -21.4% |
| Other tangible fixed assets | 26 | €133,594 | €101,068 | -€32,526 | -24.3% |
| Financial fixed assets | 28 | €1,350 | €1,215 | -€135 | -10.0% |
| Other financial fixed assets | 284/8 | €1,350 | €1,215 | -€135 | -10.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,350 | €1,215 | -€135 | -10.0% |
| Current assets | 29/58 | €11,711,256 | €10,526,092 | -€1.2m | -10.1% |
| Stocks and contracts in progress | 3 | €1,559,153 | €1,290,197 | -€268,955 | -17.3% |
| Stocks | 30/36 | €991,564 | €689,209 | -€302,356 | -30.5% |
| Raw materials and consumables | 30/31 | €991,564 | €689,209 | -€302,356 | -30.5% |
| Contracts in progress | 37 | €567,588 | €600,989 | +€33,401 | +5.9% |
| Amounts receivable within one year | 40/41 | €2,650,536 | €2,598,405 | -€52,131 | -2.0% |
| Trade receivables | 40 | €2,468,077 | €2,547,614 | +€79,537 | +3.2% |
| Other amounts receivable | 41 | €182,460 | €50,791 | -€131,668 | -72.2% |
| Current investments | 50/53 | €7,006,851 | €5,237,179 | -€1.8m | -25.3% |
| Other investments | 51/53 | €7,006,851 | €5,237,179 | -€1.8m | -25.3% |
| Cash at bank and in hand | 54/58 | €434,948 | €1,338,363 | +€903,414 | +207.7% |
| Deferred charges and accrued income | 490/1 | €59,768 | €61,948 | +€2,181 | +3.6% |
| Total equity and liabilities | 10/49 | €13,357,886 | €11,793,633 | -€1.6m | -11.7% |
| Equity | 10/15 | €7,170,575 | €10,479,047 | +€3.3m | +46.1% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €7,105,575 | €7,511,990 | +€406,415 | +5.7% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,109,955 | €1,516,370 | +€406,415 | +36.6% |
| Distributable reserves | 133 | €5,989,120 | €5,989,120 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €2,902,058 | +€2.9m | |
| Provisions and deferred taxes | 16 | €50,000 | - | -€50,000 | |
| Provisions for liabilities and charges | 160/5 | €50,000 | - | -€50,000 | |
| Other liabilities and charges | 164/5 | €50,000 | - | -€50,000 | |
| Amounts payable | 17/49 | €6,137,311 | €1,314,585 | -€4.8m | -78.6% |
| Amounts payable within one year | 42/48 | €6,137,311 | €1,077,585 | -€5.1m | -82.4% |
| Trade debts | 44 | €302,095 | €217,739 | -€84,357 | -27.9% |
| Suppliers | 440/4 | €302,095 | €217,739 | -€84,357 | -27.9% |
| Taxes, remuneration and social security | 45 | €834,923 | €859,846 | +€24,924 | +3.0% |
| Taxes | 450/3 | €141,695 | €105,960 | -€35,735 | -25.2% |
| Remuneration and social security | 454/9 | €693,228 | €753,886 | +€60,658 | +8.8% |
| Other amounts payable | 47/48 | €5,000,293 | - | -€5.0m | |
| Accrued charges and deferred income | 492/3 | - | €237,000 | +€237,000 | |
| Operating income | 70/76A | €20,687,005 | €20,834,379 | +€147,374 | +0.7% |
| Turnover | 70 | €20,692,636 | €20,666,032 | -€26,604 | -0.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€173,858 | €33,401 | +€207,259 | |
| Other operating income | 74 | €168,227 | €84,947 | -€83,281 | -49.5% |
| Non-recurring operating income | 76A | - | €50,000 | +€50,000 | |
| Operating charges | 60/66A | €16,207,088 | €16,824,545 | +€617,457 | +3.8% |
| Goods for resale, raw materials and consumables | 60 | €9,915,556 | €10,168,236 | +€252,680 | +2.5% |
| Purchases | 600/8 | €9,993,803 | €9,865,880 | -€127,924 | -1.3% |
| Change in stocks: decrease (increase) | 609 | -€78,248 | €302,356 | +€380,604 | |
| Services and other goods | 61 | €1,696,092 | €1,658,920 | -€37,172 | -2.2% |
| Remuneration, social security and pensions | 62 | €4,160,185 | €4,479,682 | +€319,497 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €390,967 | €495,485 | +€104,518 | +26.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €470 | +€470 | |
| Other operating charges | 640/8 | €44,289 | €21,753 | -€22,536 | -50.9% |
| Operating profit (loss) | 9901 | €4,479,917 | €4,009,834 | -€470,082 | -10.5% |
| Financial income | 75/76B | €822,633 | €406,277 | -€416,356 | -50.6% |
| Recurring financial income | 75 | €822,633 | €406,277 | -€416,356 | -50.6% |
| Income from current assets | 751 | €434,505 | €198,973 | -€235,533 | -54.2% |
| Other financial income | 752/9 | €388,128 | €207,304 | -€180,823 | -46.6% |
| Financial charges | 65/66B | €77,135 | €21,927 | -€55,208 | -71.6% |
| Recurring financial charges | 65 | €77,135 | €21,927 | -€55,208 | -71.6% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €54,474 | €11,539 | -€42,935 | -78.8% |
| Other financial charges | 652/9 | €22,661 | €10,389 | -€12,273 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | €5,225,414 | €4,394,184 | -€831,230 | -15.9% |
| Transfer from deferred taxes | 780 | €306 | - | -€306 | |
| Income taxes | 67/77 | €1,202,236 | €1,085,712 | -€116,524 | -9.7% |
| Taxes | 670/3 | €1,202,236 | €1,085,712 | -€116,524 | -9.7% |
| Profit (loss) for the period | 9904 | €4,023,484 | €3,308,472 | -€715,012 | -17.8% |
| Transfer from tax-exempt reserves | 789 | €137,892 | €591,355 | +€453,463 | +328.9% |
| Transfer to tax-exempt reserves | 689 | - | €997,770 | +€997,770 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,161,376 | €2,902,058 | -€1.3m | -30.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.