Vostec: 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.
Vostec
Largest movements
- Tangible fixed assets -€20,086
down €20,086 (-17.1%), from €117,137 to €97,051
of which Furniture and vehicles: -€22,241
- Receivables within one year +€9,555
up €9,555 (+71.6%), from €13,341 to €22,895
of which Trade receivables: +€10,538
- Cash +€2,054
up €2,054 (+2.8%), from €73,541 to €75,595
mainly Depreciation (+€29,005) and Other debts (+€28,406)
- Profit (loss) carried forward -€56,432
down €56,432 (-100%), from €56,432 to €0
- Other debts +€28,406
up €28,406 (+113%), from €25,153 to €53,559
- Tax, wage and social debts +€20,272
up €20,272 (+671%), from €3,019 to €23,291
of which Taxes: +€17,220
- Debts after one year -€13,931
down €13,931 (-31.1%), from €44,804 to €30,873
- Reserves +€13,268
up €13,268 (+31.4%), from €42,316 to €55,584
- Gross operating margin -€8,922
down €8,922 (-14.1%), from €63,183 to €54,260
- Taxes +€1,173
up €1,173 (+16.8%), from €6,985 to €8,158
- Depreciation +€796
up €796 (+2.8%), from €28,209 to €29,005
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.
Derived cash bridge
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 | €204,715 | €196,307 | -€8,408 | -4.1% |
| Fixed assets | 21/28 | €117,474 | €97,288 | -€20,186 | -17.2% |
| Intangible fixed assets | 21 | €307 | €207 | -€100 | -32.6% |
| Tangible fixed assets | 22/27 | €117,137 | €97,051 | -€20,086 | -17.1% |
| Land and buildings | 22 | €26,348 | €21,617 | -€4,731 | -18.0% |
| Plant, machinery and equipment | 23 | €905 | €8,275 | +€7,370 | +814% |
| Furniture and vehicles | 24 | €88,399 | €66,157 | -€22,241 | -25.2% |
| Other tangible fixed assets | 26 | €1,485 | €1,001 | -€484 | -32.6% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €87,241 | €99,019 | +€11,778 | +13.5% |
| Amounts receivable within one year | 40/41 | €13,341 | €22,895 | +€9,555 | +71.6% |
| Trade receivables | 40 | €12,357 | €22,895 | +€10,538 | +85.3% |
| Other amounts receivable | 41 | €984 | €0 | -€984 | -100% |
| Cash at bank and in hand | 54/58 | €73,541 | €75,595 | +€2,054 | +2.8% |
| Deferred charges and accrued income | 490/1 | €360 | €529 | +€169 | +47.1% |
| Total equity and liabilities | 10/49 | €204,715 | €196,307 | -€8,408 | -4.1% |
| Equity | 10/15 | €117,348 | €74,184 | -€43,164 | -36.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,316 | €55,584 | +€13,268 | +31.4% |
| Distributable reserves | 133 | €42,316 | €55,584 | +€13,268 | +31.4% |
| Profit (loss) carried forward | 14 | €56,432 | €0 | -€56,432 | -100% |
| Amounts payable | 17/49 | €87,367 | €122,123 | +€34,756 | +39.8% |
| Amounts payable after more than one year | 17 | €44,804 | €30,873 | -€13,931 | -31.1% |
| Financial debts | 170/4 | €44,804 | €30,873 | -€13,931 | -31.1% |
| Amounts payable within one year | 42/48 | €42,563 | €91,250 | +€48,687 | +114% |
| Current portion of amounts payable after more than one year | 42 | €13,386 | €13,931 | +€545 | +4.1% |
| Trade debts | 44 | €1,004 | €469 | -€536 | -53.3% |
| Suppliers | 440/4 | €1,004 | €469 | -€536 | -53.3% |
| Taxes, remuneration and social security | 45 | €3,019 | €23,291 | +€20,272 | +671% |
| Taxes | 450/3 | €9 | €17,230 | +€17,220 | +182,613% |
| Remuneration and social security | 454/9 | €3,010 | €6,061 | +€3,051 | +101% |
| Other amounts payable | 47/48 | €25,153 | €53,559 | +€28,406 | +113% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,209 | €29,005 | +€796 | +2.8% |
| Other operating charges | 640/8 | €1,185 | €1,562 | +€377 | +31.8% |
| Gross operating margin | 9900 | €63,183 | €54,260 | -€8,922 | -14.1% |
| Operating profit (loss) | 9901 | €33,788 | €23,693 | -€10,095 | -29.9% |
| Financial charges | 65/66B | €2,751 | €2,267 | -€483 | -17.6% |
| Recurring financial charges | 65 | €2,751 | €2,267 | -€483 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €31,038 | €21,426 | -€9,612 | -31.0% |
| Income taxes | 67/77 | €6,985 | €8,158 | +€1,173 | +16.8% |
| Profit (loss) for the period | 9904 | €24,052 | €13,268 | -€10,784 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,052 | €13,268 | -€10,784 | -44.8% |
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 14 October 2026 via checked.be.