Vova Projects: 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.
Vova Projects
Largest movements
- Stocks and contracts -€449,457
down €449,457 (-76.6%), from €586,502 to €137,045
- Receivables within one year +€324,566
new in 2025: €324,566
- Short-term financial debts -€189,000
no longer reported in 2025 (was €189,000)
- Reserves +€61,293
up €61,293 (+386.4%), from €15,861 to €77,154
- Tax, wage and social debts +€18,014
new in 2025: €18,014
- Other debts -€17,529
down €17,529 (-4.8%), from €367,529 to €350,000
- Gross operating margin +€88,984
up €88,984, from -€3,864 to €85,120
- Taxes +€18,014
new in 2025: €18,014
- Financial charges -€2,757
down €2,757 (-34.2%), from €8,063 to €5,306
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 | €597,389 | €470,167 | -€127,222 | -21.3% |
| Current assets | 29/58 | €597,389 | €470,167 | -€127,222 | -21.3% |
| Stocks and contracts in progress | 3 | €586,502 | €137,045 | -€449,457 | -76.6% |
| Stocks | 30/36 | €586,502 | €137,045 | -€449,457 | -76.6% |
| Amounts receivable within one year | 40/41 | - | €324,566 | +€324,566 | |
| Other amounts receivable | 41 | - | €324,566 | +€324,566 | |
| Cash at bank and in hand | 54/58 | €10,887 | €8,556 | -€2,331 | -21.4% |
| Total equity and liabilities | 10/49 | €597,389 | €470,167 | -€127,222 | -21.3% |
| Equity | 10/15 | €40,861 | €102,154 | +€61,293 | +150.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €15,861 | €77,154 | +€61,293 | +386.4% |
| Distributable reserves | 133 | €15,861 | €77,154 | +€61,293 | +386.4% |
| Amounts payable | 17/49 | €556,529 | €368,014 | -€188,515 | -33.9% |
| Amounts payable within one year | 42/48 | €556,529 | €368,014 | -€188,515 | -33.9% |
| Financial debts | 43 | €189,000 | - | -€189,000 | |
| Credit institutions | 430/8 | €189,000 | - | -€189,000 | |
| Taxes, remuneration and social security | 45 | - | €18,014 | +€18,014 | |
| Taxes | 450/3 | - | €18,014 | +€18,014 | |
| Other amounts payable | 47/48 | €367,529 | €350,000 | -€17,529 | -4.8% |
| Other operating charges | 640/8 | €1,275 | €507 | -€768 | -60.2% |
| Gross operating margin | 9900 | -€3,864 | €85,120 | +€88,984 | |
| Operating profit (loss) | 9901 | -€5,139 | €84,612 | +€89,752 | |
| Financial charges | 65/66B | €8,063 | €5,306 | -€2,757 | -34.2% |
| Recurring financial charges | 65 | €8,063 | €5,306 | -€2,757 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,202 | €79,307 | +€92,509 | |
| Income taxes | 67/77 | - | €18,014 | +€18,014 | |
| Profit (loss) for the period | 9904 | -€13,202 | €61,293 | +€74,495 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,202 | €61,293 | +€74,495 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.