voud: 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.
voud
Largest movements
- Tangible fixed assets +€38,478
up €38,478 (+159.6%), from €24,112 to €62,590
of which Furniture and vehicles: +€41,276
- Cash +€11,924
up €11,924 (+115.6%), from €10,319 to €22,243
mainly Debts after one year (+€30,000) and Net result for the year (+€24,823)
- Receivables within one year +€11,877
up €11,877 (+71.7%), from €16,557 to €28,434
of which Other amounts receivable: +€9,840
- Debts after one year +€30,000
new in 2025: €30,000
- Contributions -€18,414
down €18,414 (-99.0%), from €18,600 to €186
- Accrued charges and deferred income +€14,348
new in 2025: €14,348
- Reserves +€12,890
up €12,890 (+108.0%), from €11,933 to €24,823
- Tax, wage and social debts +€10,599
up €10,599 (+2502.6%), from €424 to €11,023
- Gross operating margin +€29,758
up €29,758 (+148.7%), from €20,013 to €49,771
- Taxes +€10,408
up €10,408 (+4726.8%), from €220 to €10,629
- Depreciation +€4,269
up €4,269 (+69.6%), from €6,133 to €10,402
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 | €53,914 | €116,413 | +€62,500 | +115.9% |
| Fixed assets | 21/28 | €26,812 | €65,290 | +€38,478 | +143.5% |
| Tangible fixed assets | 22/27 | €24,112 | €62,590 | +€38,478 | +159.6% |
| Land and buildings | 22 | €13,647 | €11,806 | -€1,840 | -13.5% |
| Plant, machinery and equipment | 23 | €5,089 | €4,131 | -€958 | -18.8% |
| Furniture and vehicles | 24 | €5,376 | €46,652 | +€41,276 | +767.8% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €27,102 | €51,124 | +€24,022 | +88.6% |
| Amounts receivable within one year | 40/41 | €16,557 | €28,434 | +€11,877 | +71.7% |
| Trade receivables | 40 | €16,456 | €18,494 | +€2,037 | +12.4% |
| Other amounts receivable | 41 | €101 | €9,940 | +€9,840 | +9767.5% |
| Cash at bank and in hand | 54/58 | €10,319 | €22,243 | +€11,924 | +115.6% |
| Deferred charges and accrued income | 490/1 | €226 | €447 | +€221 | +97.9% |
| Total equity and liabilities | 10/49 | €53,914 | €116,413 | +€62,500 | +115.9% |
| Equity | 10/15 | €30,533 | €25,009 | -€5,524 | -18.1% |
| Contributions | 10/11 | €18,600 | €186 | -€18,414 | -99.0% |
| Reserves | 13 | €11,933 | €24,823 | +€12,890 | +108.0% |
| Distributable reserves | 133 | €11,933 | €24,823 | +€12,890 | +108.0% |
| Amounts payable | 17/49 | €23,381 | €91,405 | +€68,024 | +290.9% |
| Amounts payable after more than one year | 17 | - | €30,000 | +€30,000 | |
| Financial debts | 170/4 | - | €30,000 | +€30,000 | |
| Amounts payable within one year | 42/48 | €23,381 | €47,056 | +€23,675 | +101.3% |
| Trade debts | 44 | €694 | €6,265 | +€5,571 | +802.9% |
| Suppliers | 440/4 | €694 | €6,265 | +€5,571 | +802.9% |
| Taxes, remuneration and social security | 45 | €424 | €11,023 | +€10,599 | +2502.6% |
| Taxes | 450/3 | €424 | €11,023 | +€10,599 | +2502.6% |
| Other amounts payable | 47/48 | €22,263 | €29,769 | +€7,505 | +33.7% |
| Accrued charges and deferred income | 492/3 | - | €14,348 | +€14,348 | |
| Remuneration, social security and pensions | 62 | €3,601 | €3,520 | -€81 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,133 | €10,402 | +€4,269 | +69.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €182 | - | -€182 | |
| Other operating charges | 640/8 | €510 | €564 | +€54 | +10.5% |
| Non-recurring operating charges | 66A | - | €162 | +€162 | |
| Gross operating margin | 9900 | €20,013 | €49,771 | +€29,758 | +148.7% |
| Operating profit (loss) | 9901 | €9,588 | €35,123 | +€25,535 | +266.3% |
| Financial income | 75/76B | €1 | €402 | +€401 | +69208.6% |
| Recurring financial income | 75 | €1 | €402 | +€401 | +69208.6% |
| Financial charges | 65/66B | €132 | €74 | -€59 | -44.3% |
| Recurring financial charges | 65 | €132 | €74 | -€59 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €9,456 | €35,451 | +€25,995 | +274.9% |
| Income taxes | 67/77 | €220 | €10,629 | +€10,408 | +4726.8% |
| Profit (loss) for the period | 9904 | €9,236 | €24,823 | +€15,587 | +168.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,236 | €24,823 | +€15,587 | +168.8% |
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 7 October 2026 via checked.be.