VOTRA: 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.
VOTRA
Largest movements
- Receivables within one year +€4,487
up €4,487 (+611%), from €734 to €5,221
of which Trade receivables: +€4,500
- Tangible fixed assets -€1,191
down €1,191 (-55.2%), from €2,157 to €966
- Cash -€549
down €549 (-97.5%), from €563 to €14
mainly Net result for the year (-€8,711) and Receivables within one year (-€4,487)
- Deferred charges and accrued income -€351
down €351 (-92.2%), from €380 to €30
- Profit (loss) carried forward -€8,711
down €8,711 (-49.8%), from -€17,480 to -€26,191
- Other debts +€7,703
up €7,703 (+127%), from €6,080 to €13,783
- Trade debts +€2,458
up €2,458 (+254%), from €966 to €3,424
- Short-term financial debts +€1,109
up €1,109 (+488%), from €227 to €1,336
- Tax, wage and social debts -€342
down €342 (-40.2%), from €850 to €508
- Gross operating margin -€3,696
down €3,696 (-490%), from -€754 to -€4,449
- Other operating charges -€1,711
down €1,711 (-72.0%), from €2,377 to €666
- Financial charges -€421
down €421 (-16.1%), from €2,622 to €2,201
- Taxes -€100
down €100 (-32.9%), from €304 to €204
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 | €3,834 | €6,231 | +€2,396 | +62.5% |
| Fixed assets | 21/28 | €2,157 | €966 | -€1,191 | -55.2% |
| Tangible fixed assets | 22/27 | €2,157 | €966 | -€1,191 | -55.2% |
| Furniture and vehicles | 24 | €2,157 | €966 | -€1,191 | -55.2% |
| Current assets | 29/58 | €1,678 | €5,265 | +€3,587 | +214% |
| Amounts receivable within one year | 40/41 | €734 | €5,221 | +€4,487 | +611% |
| Trade receivables | 40 | €721 | €5,221 | +€4,500 | +624% |
| Other amounts receivable | 41 | €14 | - | -€14 | |
| Cash at bank and in hand | 54/58 | €563 | €14 | -€549 | -97.5% |
| Deferred charges and accrued income | 490/1 | €380 | €30 | -€351 | -92.2% |
| Total equity and liabilities | 10/49 | €3,834 | €6,231 | +€2,396 | +62.5% |
| Equity | 10/15 | -€4,290 | -€13,001 | -€8,711 | -203% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €11,690 | €11,690 | = | 0.0% |
| Distributable reserves | 133 | €11,690 | €11,690 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,480 | -€26,191 | -€8,711 | -49.8% |
| Amounts payable | 17/49 | €8,124 | €19,232 | +€11,107 | +137% |
| Amounts payable within one year | 42/48 | €8,124 | €19,051 | +€10,927 | +134% |
| Financial debts | 43 | €227 | €1,336 | +€1,109 | +488% |
| Credit institutions | 430/8 | €227 | €1,336 | +€1,109 | +488% |
| Trade debts | 44 | €966 | €3,424 | +€2,458 | +254% |
| Suppliers | 440/4 | €966 | €3,424 | +€2,458 | +254% |
| Taxes, remuneration and social security | 45 | €850 | €508 | -€342 | -40.2% |
| Taxes | 450/3 | €850 | €508 | -€342 | -40.2% |
| Other amounts payable | 47/48 | €6,080 | €13,783 | +€7,703 | +127% |
| Accrued charges and deferred income | 492/3 | - | €180 | +€180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,191 | €1,191 | = | 0.0% |
| Other operating charges | 640/8 | €2,377 | €666 | -€1,711 | -72.0% |
| Gross operating margin | 9900 | -€754 | -€4,449 | -€3,696 | -490% |
| Operating profit (loss) | 9901 | -€4,321 | -€6,306 | -€1,985 | -45.9% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €2,622 | €2,201 | -€421 | -16.1% |
| Recurring financial charges | 65 | €2,622 | €2,201 | -€421 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,940 | -€8,507 | -€1,566 | -22.6% |
| Income taxes | 67/77 | €304 | €204 | -€100 | -32.9% |
| Profit (loss) for the period | 9904 | -€7,244 | -€8,711 | -€1,466 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,244 | -€8,711 | -€1,466 | -20.2% |
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 30 October 2026 via checked.be.