VOTRACOM: 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.
VOTRACOM
Largest movements
- Receivables within one year -€15,777
down €15,777 (-15.4%), from €102,714 to €86,937
of which Trade receivables: -€15,034
- Cash -€12,471
down €12,471 (-24.4%), from €51,086 to €38,614
mainly Trade debts (-€32,175) and Tax, wage and social debts (-€5,690)
- Trade debts -€32,175
down €32,175 (-80.7%), from €39,869 to €7,694
- Reserves +€9,521
up €9,521 (+2.1%), from €443,700 to €453,221
of which Distributable reserves: +€9,521
- Tax, wage and social debts -€5,690
down €5,690 (-55.7%), from €10,210 to €4,520
of which Taxes: -€5,730
- Other operating charges -€8,617
down €8,617 (-53.4%), from €16,136 to €7,519
- Gross operating margin +€8,528
up €8,528 (+36.1%), from €23,603 to €32,132
- Taxes +€3,909
up €3,909 (+3,353%), from €117 to €4,026
- Financial income -€2,490
down €2,490 (-19.4%), from €12,863 to €10,373
- Staff costs +€487
up €487 (+3.2%), from €15,057 to €15,544
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 | €557,429 | €528,954 | -€28,476 | -5.1% |
| Fixed assets | 21/28 | €26,307 | €22,264 | -€4,043 | -15.4% |
| Tangible fixed assets | 22/27 | €26,307 | €22,264 | -€4,043 | -15.4% |
| Plant, machinery and equipment | 23 | €19,914 | €17,378 | -€2,536 | -12.7% |
| Furniture and vehicles | 24 | €886 | €1,215 | +€329 | +37.1% |
| Other tangible fixed assets | 26 | €5,507 | €3,671 | -€1,836 | -33.3% |
| Current assets | 29/58 | €531,122 | €506,689 | -€24,433 | -4.6% |
| Stocks and contracts in progress | 3 | €375,446 | €374,262 | -€1,184 | -0.3% |
| Stocks | 30/36 | €375,446 | €374,262 | -€1,184 | -0.3% |
| Amounts receivable within one year | 40/41 | €102,714 | €86,937 | -€15,777 | -15.4% |
| Trade receivables | 40 | €100,997 | €85,963 | -€15,034 | -14.9% |
| Other amounts receivable | 41 | €1,718 | €974 | -€743 | -43.3% |
| Cash at bank and in hand | 54/58 | €51,086 | €38,614 | -€12,471 | -24.4% |
| Deferred charges and accrued income | 490/1 | €1,876 | €6,876 | +€5,000 | +266% |
| Total equity and liabilities | 10/49 | €557,429 | €528,954 | -€28,476 | -5.1% |
| Equity | 10/15 | €505,331 | €515,221 | +€9,890 | +2.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €443,700 | €453,221 | +€9,521 | +2.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €437,500 | €447,021 | +€9,521 | +2.2% |
| Profit (loss) carried forward | 14 | -€369 | €0 | +€369 | |
| Amounts payable | 17/49 | €52,098 | €13,733 | -€38,365 | -73.6% |
| Amounts payable within one year | 42/48 | €52,098 | €13,733 | -€38,365 | -73.6% |
| Trade debts | 44 | €39,869 | €7,694 | -€32,175 | -80.7% |
| Suppliers | 440/4 | €39,869 | €7,694 | -€32,175 | -80.7% |
| Taxes, remuneration and social security | 45 | €10,210 | €4,520 | -€5,690 | -55.7% |
| Taxes | 450/3 | €9,137 | €3,407 | -€5,730 | -62.7% |
| Remuneration and social security | 454/9 | €1,073 | €1,113 | +€40 | +3.7% |
| Other amounts payable | 47/48 | €2,018 | €1,518 | -€500 | -24.8% |
| Remuneration, social security and pensions | 62 | €15,057 | €15,544 | +€487 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,032 | €5,083 | +€52 | +1.0% |
| Other operating charges | 640/8 | €16,136 | €7,519 | -€8,617 | -53.4% |
| Gross operating margin | 9900 | €23,603 | €32,132 | +€8,528 | +36.1% |
| Operating profit (loss) | 9901 | -€12,622 | €3,985 | +€16,606 | |
| Financial income | 75/76B | €12,863 | €10,373 | -€2,490 | -19.4% |
| Recurring financial income | 75 | €12,863 | €10,373 | -€2,490 | -19.4% |
| Financial charges | 65/66B | €643 | €442 | -€201 | -31.2% |
| Recurring financial charges | 65 | €643 | €442 | -€201 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | -€402 | €13,916 | +€14,318 | |
| Income taxes | 67/77 | €117 | €4,026 | +€3,909 | +3,353% |
| Profit (loss) for the period | 9904 | -€519 | €9,890 | +€10,408 | |
| Profit (loss) for the period to be appropriated | 9905 | -€519 | €9,890 | +€10,408 |
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 23 October 2026 via checked.be.