VOSSEVELDEN: 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.
VOSSEVELDEN
Largest movements
- Cash +€528,766
up €528,766 (+254.3%), from €207,963 to €736,729
mainly Other debts (+€297,288) and Net result for the year (+€292,283)
- Other debts +€297,288
up €297,288 (+5.5%), from €5.4m to €5.7m
- Reserves +€292,283
up €292,283 (+7.0%), from €4.2m to €4.4m
of which Tax-exempt reserves: +€247,332
- Gross operating margin +€588,536
up €588,536 (+493.4%), from €119,292 to €707,827
- Depreciation +€31,493
up €31,493 (+13.2%), from €239,011 to €270,504
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 | €9,825,800 | €10,460,196 | +€634,396 | +6.5% |
| Fixed assets | 21/28 | €8,109,084 | €8,211,236 | +€102,153 | +1.3% |
| Tangible fixed assets | 22/27 | €7,222,443 | €7,324,596 | +€102,153 | +1.4% |
| Land and buildings | 22 | €7,222,443 | €7,324,596 | +€102,153 | +1.4% |
| Financial fixed assets | 28 | €886,641 | €886,641 | = | 0.0% |
| Current assets | 29/58 | €1,716,717 | €2,248,960 | +€532,243 | +31.0% |
| Amounts receivable within one year | 40/41 | €1,499,115 | €1,499,645 | +€530 | 0.0% |
| Other amounts receivable | 41 | €1,499,115 | €1,499,645 | +€530 | 0.0% |
| Cash at bank and in hand | 54/58 | €207,963 | €736,729 | +€528,766 | +254.3% |
| Deferred charges and accrued income | 490/1 | €9,639 | €12,586 | +€2,947 | +30.6% |
| Total equity and liabilities | 10/49 | €9,825,800 | €10,460,196 | +€634,396 | +6.5% |
| Equity | 10/15 | €4,179,577 | €4,471,861 | +€292,283 | +7.0% |
| Contributions | 10/11 | €22,218 | €22,218 | = | 0.0% |
| Reserves | 13 | €4,157,359 | €4,449,642 | +€292,283 | +7.0% |
| Non-distributable reserves | 130/1 | €221,374 | €221,374 | = | 0.0% |
| Reserves not available under the articles | 1311 | €221,374 | €221,374 | = | 0.0% |
| Tax-exempt reserves | 132 | €476,914 | €724,246 | +€247,332 | +51.9% |
| Distributable reserves | 133 | €3,459,070 | €3,504,022 | +€44,951 | +1.3% |
| Provisions and deferred taxes | 16 | €214,964 | €292,014 | +€77,050 | +35.8% |
| Provisions for liabilities and charges | 160/5 | €83,226 | €77,832 | -€5,394 | -6.5% |
| Other liabilities and charges | 164/5 | €83,226 | €77,832 | -€5,394 | -6.5% |
| Deferred taxes | 168 | €131,738 | €214,182 | +€82,444 | +62.6% |
| Amounts payable | 17/49 | €5,431,258 | €5,696,322 | +€265,063 | +4.9% |
| Amounts payable within one year | 42/48 | €5,431,258 | €5,696,322 | +€265,063 | +4.9% |
| Trade debts | 44 | €43,021 | €10,796 | -€32,225 | -74.9% |
| Suppliers | 440/4 | €43,021 | €10,796 | -€32,225 | -74.9% |
| Other amounts payable | 47/48 | €5,388,237 | €5,685,526 | +€297,288 | +5.5% |
| Non-recurring operating income | 76A | €200,000 | €374,211 | +€174,211 | +87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239,011 | €270,504 | +€31,493 | +13.2% |
| Other operating charges | 640/8 | €57,951 | €55,362 | -€2,588 | -4.5% |
| Gross operating margin | 9900 | €119,292 | €707,827 | +€588,536 | +493.4% |
| Operating profit (loss) | 9901 | -€177,669 | €381,962 | +€559,631 | |
| Financial income | 75/76B | €750 | - | -€750 | |
| Recurring financial income | 75 | €750 | - | -€750 | |
| Financial charges | 65/66B | €7,028 | €7,234 | +€206 | +2.9% |
| Recurring financial charges | 65 | €7,028 | €7,234 | +€206 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | -€183,948 | €374,727 | +€558,675 | |
| Transfer from deferred taxes | 780 | €6,541 | €11,109 | +€4,568 | +69.8% |
| Transfer to deferred taxes | 680 | - | €93,553 | +€93,553 | |
| Profit (loss) for the period | 9904 | -€177,407 | €292,283 | +€469,690 | |
| Transfer from tax-exempt reserves | 789 | €19,622 | €33,326 | +€13,704 | +69.8% |
| Transfer to tax-exempt reserves | 689 | - | €280,658 | +€280,658 | |
| Profit (loss) for the period to be appropriated | 9905 | -€157,785 | €44,951 | +€202,736 |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.