VOTTERS: 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.
VOTTERS
Largest movements
- Receivables within one year +€9,503
up €9,503 (+162.2%), from €5,860 to €15,364
of which Trade receivables: +€9,814
- Cash -€2,305
down €2,305 (-34.0%), from €6,781 to €4,476
mainly Receivables within one year (-€9,503) and Current portion of long-term debt (-€4,503)
- Tangible fixed assets -€797
no longer reported in 2025 (was €797)
of which Furniture and vehicles: -€432
- Other debts +€17,739
up €17,739 (+185.9%), from €9,542 to €27,281
- Current portion of long-term debt -€4,503
down €4,503 (-31.0%), from €14,503 to €10,000
- Tax, wage and social debts -€3,986
down €3,986 (-31.1%), from €12,800 to €8,814
of which Remuneration and social security: -€5,000
- Trade debts -€2,205
no longer reported in 2025 (was €2,205)
- Profit (loss) carried forward -€799
down €799 (-15.7%), from €5,084 to €4,285
- Gross operating margin -€10,485
down €10,485 (-61.3%), from €17,111 to €6,626
- Taxes -€2,110
down €2,110 (-67.5%), from €3,126 to €1,016
- Depreciation -€666
down €666 (-45.5%), from €1,462 to €797
- Other operating charges +€300
up €300 (+15.4%), from €1,947 to €2,247
- Financial charges -€171
down €171 (-31.6%), from €542 to €371
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 | €64,594 | €70,840 | +€6,246 | +9.7% |
| Fixed assets | 21/28 | €50,797 | €50,000 | -€797 | -1.6% |
| Tangible fixed assets | 22/27 | €797 | - | -€797 | |
| Plant, machinery and equipment | 23 | €170 | - | -€170 | |
| Furniture and vehicles | 24 | €432 | - | -€432 | |
| Other tangible fixed assets | 26 | €195 | - | -€195 | |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €13,797 | €20,840 | +€7,043 | +51.0% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,860 | €15,364 | +€9,503 | +162.2% |
| Trade receivables | 40 | €4,580 | €14,394 | +€9,814 | +214.3% |
| Other amounts receivable | 41 | €1,280 | €970 | -€311 | -24.3% |
| Cash at bank and in hand | 54/58 | €6,781 | €4,476 | -€2,305 | -34.0% |
| Deferred charges and accrued income | 490/1 | €155 | - | -€155 | |
| Total equity and liabilities | 10/49 | €64,594 | €70,840 | +€6,246 | +9.7% |
| Equity | 10/15 | €25,544 | €24,745 | -€799 | -3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,084 | €4,285 | -€799 | -15.7% |
| Amounts payable | 17/49 | €39,050 | €46,095 | +€7,045 | +18.0% |
| Amounts payable within one year | 42/48 | €39,050 | €46,095 | +€7,045 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €14,503 | €10,000 | -€4,503 | -31.0% |
| Trade debts | 44 | €2,205 | - | -€2,205 | |
| Suppliers | 440/4 | €2,205 | - | -€2,205 | |
| Taxes, remuneration and social security | 45 | €12,800 | €8,814 | -€3,986 | -31.1% |
| Taxes | 450/3 | €2,800 | €3,814 | +€1,014 | +36.2% |
| Remuneration and social security | 454/9 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Other amounts payable | 47/48 | €9,542 | €27,281 | +€17,739 | +185.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,462 | €797 | -€666 | -45.5% |
| Other operating charges | 640/8 | €1,947 | €2,247 | +€300 | +15.4% |
| Gross operating margin | 9900 | €17,111 | €6,626 | -€10,485 | -61.3% |
| Operating profit (loss) | 9901 | €13,702 | €3,582 | -€10,120 | -73.9% |
| Financial income | 75/76B | €8 | €5 | -€3 | -36.1% |
| Recurring financial income | 75 | €8 | €5 | -€3 | -36.1% |
| Financial charges | 65/66B | €542 | €371 | -€171 | -31.6% |
| Recurring financial charges | 65 | €542 | €371 | -€171 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €13,169 | €3,217 | -€9,952 | -75.6% |
| Income taxes | 67/77 | €3,126 | €1,016 | -€2,110 | -67.5% |
| Profit (loss) for the period | 9904 | €10,043 | €2,201 | -€7,842 | -78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,043 | €2,201 | -€7,842 | -78.1% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.