VOSSENBERG: 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.
VOSSENBERG
Largest movements
- Cash +€1.3m
up €1.3m (+81111.8%), from €1,592 to €1.3m
mainly Other debts (+€794,858) and Stocks and contracts (+€554,171)
- Stocks and contracts -€554,171
down €554,171 (-21.8%), from €2.5m to €2.0m
- Receivables within one year +€316,887
new in 2025: €316,887
of which Other amounts receivable: +€242,787
- Other debts +€794,858
up €794,858 (+298.1%), from €266,631 to €1.1m
- Debts after one year +€157,538
up €157,538 (+10.9%), from €1.5m to €1.6m
- Profit (loss) carried forward +€54,712
up €54,712 (+35.8%), from €152,901 to €207,613
- Accrued charges and deferred income +€36,774
up €36,774 (+9247.1%), from €398 to €37,171
- Gross operating margin +€89,727
up €89,727 (+244.3%), from €36,732 to €126,459
- Financial charges -€15,326
down €15,326 (-18.8%), from €81,544 to €66,218
- Taxes +€3,480
up €3,480, from €0 to €3,480
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 | €2,547,235 | €3,601,625 | +€1.1m | +41.4% |
| Current assets | 29/58 | €2,547,235 | €3,601,625 | +€1.1m | +41.4% |
| Stocks and contracts in progress | 3 | €2,545,643 | €1,991,472 | -€554,171 | -21.8% |
| Stocks | 30/36 | €2,545,643 | €1,991,472 | -€554,171 | -21.8% |
| Amounts receivable within one year | 40/41 | - | €316,887 | +€316,887 | |
| Trade receivables | 40 | - | €74,100 | +€74,100 | |
| Other amounts receivable | 41 | - | €242,787 | +€242,787 | |
| Cash at bank and in hand | 54/58 | €1,592 | €1,293,266 | +€1.3m | +81111.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,547,235 | €3,601,625 | +€1.1m | +41.4% |
| Equity | 10/15 | €372,061 | €427,613 | +€55,552 | +14.9% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €19,160 | €20,000 | +€840 | +4.4% |
| Non-distributable reserves | 130/1 | €19,160 | €20,000 | +€840 | +4.4% |
| Legal reserve | 130 | €19,160 | €20,000 | +€840 | +4.4% |
| Profit (loss) carried forward | 14 | €152,901 | €207,613 | +€54,712 | +35.8% |
| Amounts payable | 17/49 | €2,175,175 | €3,174,012 | +€998,837 | +45.9% |
| Amounts payable after more than one year | 17 | €1,450,000 | €1,607,538 | +€157,538 | +10.9% |
| Financial debts | 170/4 | €1,450,000 | €1,607,538 | +€157,538 | +10.9% |
| Amounts payable within one year | 42/48 | €724,777 | €1,529,303 | +€804,526 | +111.0% |
| Financial debts | 43 | €451,813 | €450,000 | -€1,813 | -0.4% |
| Credit institutions | 430/8 | €451,813 | €450,000 | -€1,813 | -0.4% |
| Trade debts | 44 | €4,696 | €12,697 | +€8,001 | +170.4% |
| Suppliers | 440/4 | €4,696 | €12,697 | +€8,001 | +170.4% |
| Taxes, remuneration and social security | 45 | €1,636 | €5,116 | +€3,480 | +212.7% |
| Taxes | 450/3 | €1,636 | €5,116 | +€3,480 | +212.7% |
| Other amounts payable | 47/48 | €266,631 | €1,061,489 | +€794,858 | +298.1% |
| Accrued charges and deferred income | 492/3 | €398 | €37,171 | +€36,774 | +9247.1% |
| Non-recurring operating income | 76A | - | €192 | +€192 | |
| Other operating charges | 640/8 | €1,258 | €1,293 | +€35 | +2.7% |
| Gross operating margin | 9900 | €36,732 | €126,459 | +€89,727 | +244.3% |
| Operating profit (loss) | 9901 | €35,474 | €125,167 | +€89,692 | +252.8% |
| Financial income | 75/76B | €78 | €84 | +€6 | +7.9% |
| Recurring financial income | 75 | €78 | €84 | +€6 | +7.9% |
| Financial charges | 65/66B | €81,544 | €66,218 | -€15,326 | -18.8% |
| Recurring financial charges | 65 | €81,544 | €66,218 | -€15,326 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | -€45,992 | €59,033 | +€105,024 | |
| Income taxes | 67/77 | €0 | €3,480 | +€3,480 | |
| Profit (loss) for the period | 9904 | -€45,992 | €55,552 | +€101,544 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,992 | €55,552 | +€101,544 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.