Vovas: 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.
Vovas
Largest movements
- Current assets +€8,927
up €8,927 (+21.0%), from €42,536 to €51,463
- Tangible fixed assets -€4,362
down €4,362 (-25.0%), from €17,469 to €13,107
- Profit (loss) carried forward +€18,523
up €18,523 (+94.4%), from €19,621 to €38,144
- Debts within one year -€13,958
down €13,958 (-37.6%), from €37,084 to €23,126
- Gross operating margin +€9,014
up €9,014 (+32.3%), from €27,867 to €36,881
- Taxes +€1,490
up €1,490 (+14.9%), from €10,000 to €11,490
From the 2015 result to the 2016 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2015 | 2016 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,005 | €64,570 | +€4,565 | +7.6% |
| Fixed assets | 21/28 | €17,469 | €13,107 | -€4,362 | -25.0% |
| Tangible fixed assets | 22/27 | €17,469 | €13,107 | -€4,362 | -25.0% |
| Current assets | 29/58 | €42,536 | €51,463 | +€8,927 | +21.0% |
| Cash at bank and in hand | 54/58 | €35,455 | €47,975 | +€12,520 | +35.3% |
| Total equity and liabilities | 10/49 | €60,005 | €64,570 | +€4,565 | +7.6% |
| Equity | 10/15 | €22,921 | €41,444 | +€18,523 | +80.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,621 | €38,144 | +€18,523 | +94.4% |
| Amounts payable | 17/49 | €37,084 | €23,126 | -€13,958 | -37.6% |
| Amounts payable within one year | 42/48 | €37,084 | €23,126 | -€13,958 | -37.6% |
| Trade debts | 44 | - | €690 | +€690 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,882 | €6,159 | +€277 | +4.7% |
| Gross operating margin | 9900 | €27,867 | €36,881 | +€9,014 | +32.3% |
| Operating profit (loss) | 9901 | €21,833 | €30,447 | +€8,614 | +39.5% |
| Recurring financial charges | 65 | €592 | €434 | -€158 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €29,921 | €30,013 | +€92 | +0.3% |
| Income taxes | 67/77 | €10,000 | €11,490 | +€1,490 | +14.9% |
| Profit (loss) for the period | 9904 | €19,921 | €18,523 | -€1,398 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,921 | €18,523 | -€1,398 | -7.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2015 and 31 December 2016. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.