VOUWTENT: 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.
VOUWTENT
Largest movements
- Cash +€56,203
up €56,203 (+82.3%), from €68,275 to €124,478
mainly Net result for the year (+€299,365) and Other debts (+€110,000)
- Stocks and contracts +€42,528
up €42,528 (+6.7%), from €638,821 to €681,348
- Receivables within one year +€28,307
up €28,307 (+69.6%), from €40,650 to €68,957
of which Trade receivables: +€28,218
- Tangible fixed assets -€22,850
down €22,850 (-21.3%), from €107,241 to €84,392
of which Furniture and vehicles: -€15,316
- Other debts +€110,000
up €110,000 (+36.7%), from €300,000 to €410,000
- Trade debts -€48,638
down €48,638 (-28.5%), from €170,525 to €121,887
- Reserves +€29,365
up €29,365 (+18.2%), from €161,628 to €190,992
- Tax, wage and social debts +€11,933
up €11,933 (+55.0%), from €21,713 to €33,645
of which Taxes: +€11,588
- Other operating charges +€32,332
up €32,332 (+68.6%), from €47,126 to €79,458
- Depreciation +€11,855
up €11,855 (+72.7%), from €16,317 to €28,172
- Gross operating margin +€7,446
up €7,446 (+1.5%), from €481,907 to €489,353
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 | €856,515 | €959,174 | +€102,659 | +12.0% |
| Fixed assets | 21/28 | €108,770 | €84,392 | -€24,378 | -22.4% |
| Intangible fixed assets | 21 | €1,529 | €0 | -€1,529 | -100.0% |
| Tangible fixed assets | 22/27 | €107,241 | €84,392 | -€22,850 | -21.3% |
| Furniture and vehicles | 24 | €42,205 | €26,889 | -€15,316 | -36.3% |
| Other tangible fixed assets | 26 | €65,036 | €57,502 | -€7,534 | -11.6% |
| Current assets | 29/58 | €747,745 | €874,783 | +€127,037 | +17.0% |
| Stocks and contracts in progress | 3 | €638,821 | €681,348 | +€42,528 | +6.7% |
| Stocks | 30/36 | €638,821 | €681,348 | +€42,528 | +6.7% |
| Amounts receivable within one year | 40/41 | €40,650 | €68,957 | +€28,307 | +69.6% |
| Trade receivables | 40 | €39,253 | €67,472 | +€28,218 | +71.9% |
| Other amounts receivable | 41 | €1,397 | €1,485 | +€88 | +6.3% |
| Cash at bank and in hand | 54/58 | €68,275 | €124,478 | +€56,203 | +82.3% |
| Total equity and liabilities | 10/49 | €856,515 | €959,174 | +€102,659 | +12.0% |
| Equity | 10/15 | €361,628 | €390,992 | +€29,365 | +8.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €161,628 | €190,992 | +€29,365 | +18.2% |
| Distributable reserves | 133 | €161,628 | €190,992 | +€29,365 | +18.2% |
| Amounts payable | 17/49 | €494,888 | €568,182 | +€73,294 | +14.8% |
| Amounts payable within one year | 42/48 | €494,888 | €568,182 | +€73,294 | +14.8% |
| Trade debts | 44 | €170,525 | €121,887 | -€48,638 | -28.5% |
| Suppliers | 440/4 | €170,525 | €121,887 | -€48,638 | -28.5% |
| Advances received on contracts in progress | 46 | €2,650 | €2,650 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €21,713 | €33,645 | +€11,933 | +55.0% |
| Taxes | 450/3 | €12,092 | €23,680 | +€11,588 | +95.8% |
| Remuneration and social security | 454/9 | €9,620 | €9,965 | +€344 | +3.6% |
| Other amounts payable | 47/48 | €300,000 | €410,000 | +€110,000 | +36.7% |
| Non-recurring operating income | 76A | - | €1,143 | +€1,143 | |
| Remuneration, social security and pensions | 62 | €65,473 | €68,877 | +€3,404 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,317 | €28,172 | +€11,855 | +72.7% |
| Other operating charges | 640/8 | €47,126 | €79,458 | +€32,332 | +68.6% |
| Non-recurring operating charges | 66A | €348 | - | -€348 | |
| Gross operating margin | 9900 | €481,907 | €489,353 | +€7,446 | +1.5% |
| Operating profit (loss) | 9901 | €352,642 | €312,846 | -€39,796 | -11.3% |
| Financial income | 75/76B | €292 | €878 | +€586 | +200.4% |
| Recurring financial income | 75 | €292 | €878 | +€586 | +200.4% |
| Financial charges | 65/66B | €5,721 | €4,764 | -€957 | -16.7% |
| Recurring financial charges | 65 | €5,721 | €4,764 | -€957 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €347,214 | €308,960 | -€38,253 | -11.0% |
| Income taxes | 67/77 | €10,444 | €9,596 | -€848 | -8.1% |
| Profit (loss) for the period | 9904 | €336,770 | €299,365 | -€37,405 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €336,770 | €299,365 | -€37,405 | -11.1% |
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 4 October 2026 via checked.be.