Vox Fabulae: 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.
Vox Fabulae
Largest movements
- Receivables within one year -€11,655
down €11,655 (-58.6%), from €19,878 to €8,223
of which Trade receivables: -€11,668
- Cash -€7,077
down €7,077 (-88.0%), from €8,038 to €961
mainly Debts after one year (-€13,800) and Tax, wage and social debts (-€4,949)
- Tangible fixed assets -€4,988
down €4,988 (-27.7%), from €18,010 to €13,022
- Deferred charges and accrued income +€1,210
up €1,210 (+85.3%), from €1,419 to €2,630
- Formation expenses -€855
down €855 (-100%), from €855 to €0
- Debts after one year -€13,800
down €13,800 (-100%), from €13,800 to €0
- Tax, wage and social debts -€4,949
down €4,949 (-62.3%), from €7,943 to €2,994
- Current portion of long-term debt -€4,656
down €4,656 (-100%), from €4,656 to €0
- Reserves -€3,346
down €3,346 (-19.3%), from €17,359 to €14,013
- Trade debts +€2,226
up €2,226 (+170%), from €1,313 to €3,539
- Gross operating margin -€23,679
down €23,679 (-79.5%), from €29,785 to €6,105
- Taxes -€5,165
down €5,165 (-78.4%), from €6,588 to €1,423
- Depreciation +€2,239
up €2,239 (+58.6%), from €3,823 to €6,062
- Other operating charges -€797
down €797 (-49.4%), from €1,613 to €815
- Financial charges +€778
up €778 (+192%), from €406 to €1,184
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 | €49,119 | €25,536 | -€23,584 | -48.0% |
| Formation expenses | 20 | €855 | €0 | -€855 | -100% |
| Fixed assets | 21/28 | €18,929 | €13,722 | -€5,208 | -27.5% |
| Intangible fixed assets | 21 | €920 | €700 | -€220 | -23.9% |
| Tangible fixed assets | 22/27 | €18,010 | €13,022 | -€4,988 | -27.7% |
| Furniture and vehicles | 24 | €18,010 | €13,022 | -€4,988 | -27.7% |
| Current assets | 29/58 | €29,335 | €11,814 | -€17,522 | -59.7% |
| Amounts receivable within one year | 40/41 | €19,878 | €8,223 | -€11,655 | -58.6% |
| Trade receivables | 40 | €19,870 | €8,202 | -€11,668 | -58.7% |
| Other amounts receivable | 41 | €8 | €20 | +€13 | +169% |
| Cash at bank and in hand | 54/58 | €8,038 | €961 | -€7,077 | -88.0% |
| Deferred charges and accrued income | 490/1 | €1,419 | €2,630 | +€1,210 | +85.3% |
| Total equity and liabilities | 10/49 | €49,119 | €25,536 | -€23,584 | -48.0% |
| Equity | 10/15 | €21,359 | €18,013 | -€3,346 | -15.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €17,359 | €14,013 | -€3,346 | -19.3% |
| Distributable reserves | 133 | €17,359 | €14,013 | -€3,346 | -19.3% |
| Amounts payable | 17/49 | €27,760 | €7,523 | -€20,237 | -72.9% |
| Amounts payable after more than one year | 17 | €13,800 | €0 | -€13,800 | -100% |
| Financial debts | 170/4 | €13,800 | €0 | -€13,800 | -100% |
| Amounts payable within one year | 42/48 | €13,960 | €7,523 | -€6,437 | -46.1% |
| Current portion of amounts payable after more than one year | 42 | €4,656 | €0 | -€4,656 | -100% |
| Trade debts | 44 | €1,313 | €3,539 | +€2,226 | +170% |
| Suppliers | 440/4 | €1,313 | €3,539 | +€2,226 | +170% |
| Taxes, remuneration and social security | 45 | €7,943 | €2,994 | -€4,949 | -62.3% |
| Taxes | 450/3 | €7,943 | €2,994 | -€4,949 | -62.3% |
| Other amounts payable | 47/48 | €48 | €990 | +€941 | +1,947% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,823 | €6,062 | +€2,239 | +58.6% |
| Other operating charges | 640/8 | €1,613 | €815 | -€797 | -49.4% |
| Gross operating margin | 9900 | €29,785 | €6,105 | -€23,679 | -79.5% |
| Operating profit (loss) | 9901 | €24,349 | -€772 | -€25,121 | |
| Financial income | 75/76B | €4 | €33 | +€29 | +751% |
| Recurring financial income | 75 | €4 | €33 | +€29 | +751% |
| Financial charges | 65/66B | €406 | €1,184 | +€778 | +192% |
| Recurring financial charges | 65 | €406 | €1,184 | +€778 | +192% |
| Profit (loss) for the period before taxes | 9903 | €23,947 | -€1,923 | -€25,870 | |
| Income taxes | 67/77 | €6,588 | €1,423 | -€5,165 | -78.4% |
| Profit (loss) for the period | 9904 | €17,359 | -€3,346 | -€20,706 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,359 | -€3,346 | -€20,706 |
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 20 October 2026 via checked.be.