VOSSENSTEERT: 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.
VOSSENSTEERT
Largest movements
- Receivables within one year -€335,625
down €335,625 (-25.2%), from €1.3m to €994,086
of which Other amounts receivable: -€319,030
- Current investments -€179,932
down €179,932 (-13.5%), from €1.3m to €1.2m
- Deferred charges and accrued income -€46,153
down €46,153 (-60.3%), from €76,534 to €30,381
- Other debts -€615,650
down €615,650 (-100.0%), from €615,650 to €0
- Reserves +€90,507
up €90,507 (+3.3%), from €2.8m to €2.8m
- Trade debts -€57,195
down €57,195 (-97.5%), from €58,645 to €1,450
- Gross operating margin +€100,148
up €100,148 (+325.7%), from €30,749 to €130,897
- Financial income -€72,490
down €72,490 (-59.9%), from €120,936 to €48,447
of which Financial income: -€72,491
- Financial charges +€21,178
up €21,178 (+563.6%), from €3,758 to €24,936
of which Financial charges: +€19,879
- Taxes +€8,053
up €8,053 (+19.6%), from €41,187 to €49,240
- Depreciation -€4,532
down €4,532 (-25.2%), from €18,013 to €13,481
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,831,754 | €3,250,621 | -€581,133 | -15.2% |
| Fixed assets | 21/28 | €111,040 | €102,756 | -€8,285 | -7.5% |
| Tangible fixed assets | 22/27 | €111,040 | €102,756 | -€8,285 | -7.5% |
| Plant, machinery and equipment | 23 | €1,434 | €949 | -€485 | -33.8% |
| Furniture and vehicles | 24 | €25,801 | €98,364 | +€72,563 | +281.2% |
| Other tangible fixed assets | 26 | €83,806 | €3,443 | -€80,363 | -95.9% |
| Current assets | 29/58 | €3,720,713 | €3,147,865 | -€572,848 | -15.4% |
| Amounts receivable after more than one year | 29 | €802,483 | €796,010 | -€6,473 | -0.8% |
| Other amounts receivable | 291 | €802,483 | €796,010 | -€6,473 | -0.8% |
| Amounts receivable within one year | 40/41 | €1,329,711 | €994,086 | -€335,625 | -25.2% |
| Trade receivables | 40 | €77,671 | €61,076 | -€16,595 | -21.4% |
| Other amounts receivable | 41 | €1,252,040 | €933,010 | -€319,030 | -25.5% |
| Current investments | 50/53 | €1,331,209 | €1,151,277 | -€179,932 | -13.5% |
| Cash at bank and in hand | 54/58 | €180,777 | €176,111 | -€4,666 | -2.6% |
| Deferred charges and accrued income | 490/1 | €76,534 | €30,381 | -€46,153 | -60.3% |
| Total equity and liabilities | 10/49 | €3,831,754 | €3,250,621 | -€581,133 | -15.2% |
| Equity | 10/15 | €2,770,855 | €2,861,362 | +€90,507 | +3.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,758,395 | €2,848,902 | +€90,507 | +3.3% |
| Distributable reserves | 133 | €2,758,395 | €2,848,902 | +€90,507 | +3.3% |
| Profit (loss) carried forward | 14 | €60 | €60 | = | 0.0% |
| Amounts payable | 17/49 | €1,060,899 | €389,259 | -€671,640 | -63.3% |
| Amounts payable within one year | 42/48 | €719,572 | €47,932 | -€671,640 | -93.3% |
| Current portion of amounts payable after more than one year | 42 | - | €6,805 | +€6,805 | |
| Financial debts | 43 | €11,894 | €0 | -€11,894 | -100.0% |
| Other loans | 439 | €11,894 | €0 | -€11,894 | -100.0% |
| Trade debts | 44 | €58,645 | €1,450 | -€57,195 | -97.5% |
| Suppliers | 440/4 | €58,645 | €1,450 | -€57,195 | -97.5% |
| Advances received on contracts in progress | 46 | €14,700 | €0 | -€14,700 | -100.0% |
| Taxes, remuneration and social security | 45 | €18,683 | €39,677 | +€20,994 | +112.4% |
| Taxes | 450/3 | €18,683 | €39,677 | +€20,994 | +112.4% |
| Other amounts payable | 47/48 | €615,650 | €0 | -€615,650 | -100.0% |
| Accrued charges and deferred income | 492/3 | €341,327 | €341,327 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,013 | €13,481 | -€4,532 | -25.2% |
| Other operating charges | 640/8 | €2,042 | €1,179 | -€864 | -42.3% |
| Non-recurring operating charges | 66A | €392 | €0 | -€392 | -100.0% |
| Gross operating margin | 9900 | €30,749 | €130,897 | +€100,148 | +325.7% |
| Operating profit (loss) | 9901 | €10,301 | €116,237 | +€105,936 | +1028.4% |
| Financial income | 75/76B | €120,936 | €48,447 | -€72,490 | -59.9% |
| Recurring financial income | 75 | €120,936 | €48,446 | -€72,491 | -59.9% |
| Non-recurring financial income | 76B | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,758 | €24,936 | +€21,178 | +563.6% |
| Recurring financial charges | 65 | €3,758 | €23,637 | +€19,879 | +529.0% |
| Non-recurring financial charges | 66B | €0 | €1,299 | +€1,299 | |
| Profit (loss) for the period before taxes | 9903 | €127,479 | €139,747 | +€12,268 | +9.6% |
| Income taxes | 67/77 | €41,187 | €49,240 | +€8,053 | +19.6% |
| Profit (loss) for the period | 9904 | €86,292 | €90,507 | +€4,215 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €86,292 | €90,507 | +€4,215 | +4.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.