VOWANI: 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.
VOWANI
Largest movements
- Receivables within one year +€56,919
up €56,919 (+369%), from €15,408 to €72,327
of which Trade receivables: +€56,824
- Cash +€54,147
up €54,147 (+118%), from €45,913 to €100,061
mainly Trade debts (+€55,435) and Stocks and contracts (+€51,122)
- Stocks and contracts -€51,122
down €51,122 (-93.1%), from €54,891 to €3,769
- Tangible fixed assets +€7,441
up €7,441 (+83.3%), from €8,928 to €16,370
- Trade debts +€55,435
up €55,435 (+1,545%), from €3,588 to €59,023
- Reserves +€15,806
up €15,806 (+22.7%), from €69,638 to €85,444
- Debts after one year -€8,797
down €8,797 (-32.7%), from €26,921 to €18,124
- Tax, wage and social debts +€5,075
up €5,075 (+76.9%), from €6,603 to €11,678
of which Remuneration and social security: +€9,344
- Staff costs +€52,666
new in 2025: €52,666
- Gross operating margin +€47,829
up €47,829 (+135%), from €35,394 to €83,223
- Depreciation +€6,052
up €6,052 (+231%), from €2,625 to €8,677
- Taxes -€1,567
down €1,567 (-23.7%), from €6,603 to €5,036
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.
Derived cash bridge
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 | €126,041 | €194,899 | +€68,858 | +54.6% |
| Fixed assets | 21/28 | €9,828 | €17,270 | +€7,441 | +75.7% |
| Tangible fixed assets | 22/27 | €8,928 | €16,370 | +€7,441 | +83.3% |
| Furniture and vehicles | 24 | €8,928 | €16,370 | +€7,441 | +83.3% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €116,213 | €177,630 | +€61,417 | +52.8% |
| Stocks and contracts in progress | 3 | €54,891 | €3,769 | -€51,122 | -93.1% |
| Stocks | 30/36 | €54,891 | €3,769 | -€51,122 | -93.1% |
| Amounts receivable within one year | 40/41 | €15,408 | €72,327 | +€56,919 | +369% |
| Trade receivables | 40 | €9,747 | €66,571 | +€56,824 | +583% |
| Other amounts receivable | 41 | €5,661 | €5,756 | +€95 | +1.7% |
| Cash at bank and in hand | 54/58 | €45,913 | €100,061 | +€54,147 | +118% |
| Deferred charges and accrued income | 490/1 | - | €1,473 | +€1,473 | |
| Total equity and liabilities | 10/49 | €126,041 | €194,899 | +€68,858 | +54.6% |
| Equity | 10/15 | €79,638 | €95,444 | +€15,806 | +19.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €69,638 | €85,444 | +€15,806 | +22.7% |
| Distributable reserves | 133 | €69,638 | €85,444 | +€15,806 | +22.7% |
| Amounts payable | 17/49 | €46,403 | €99,455 | +€53,052 | +114% |
| Amounts payable after more than one year | 17 | €26,921 | €18,124 | -€8,797 | -32.7% |
| Financial debts | 170/4 | €26,921 | €18,124 | -€8,797 | -32.7% |
| Amounts payable within one year | 42/48 | €19,482 | €81,331 | +€61,849 | +317% |
| Current portion of amounts payable after more than one year | 42 | €8,624 | €8,797 | +€173 | +2.0% |
| Trade debts | 44 | €3,588 | €59,023 | +€55,435 | +1,545% |
| Suppliers | 440/4 | €3,588 | €59,023 | +€55,435 | +1,545% |
| Taxes, remuneration and social security | 45 | €6,603 | €11,678 | +€5,075 | +76.9% |
| Taxes | 450/3 | €6,603 | €2,335 | -€4,268 | -64.6% |
| Remuneration and social security | 454/9 | - | €9,344 | +€9,344 | |
| Other amounts payable | 47/48 | €667 | €1,833 | +€1,166 | +175% |
| Remuneration, social security and pensions | 62 | - | €52,666 | +€52,666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,625 | €8,677 | +€6,052 | +231% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €286 | €349 | +€63 | +22.0% |
| Gross operating margin | 9900 | €35,394 | €83,223 | +€47,829 | +135% |
| Operating profit (loss) | 9901 | €32,483 | €21,531 | -€10,952 | -33.7% |
| Financial income | 75/76B | €2 | €1 | -€2 | -70.6% |
| Recurring financial income | 75 | €2 | €1 | -€2 | -70.6% |
| Financial charges | 65/66B | €838 | €689 | -€149 | -17.8% |
| Recurring financial charges | 65 | €838 | €689 | -€149 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €31,647 | €20,842 | -€10,805 | -34.1% |
| Income taxes | 67/77 | €6,603 | €5,036 | -€1,567 | -23.7% |
| Profit (loss) for the period | 9904 | €25,044 | €15,806 | -€9,238 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,044 | €15,806 | -€9,238 | -36.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.