VOX IMMO: 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.
VOX IMMO
Largest movements
- Current investments +€223,877
up €223,877 (+149.3%), from €150,000 to €373,877
- Intangible fixed assets -€66,105
down €66,105 (-67.8%), from €97,564 to €31,459
- Receivables within one year -€44,726
down €44,726 (-26.9%), from €165,967 to €121,241
of which Trade receivables: -€72,982
- Cash -€37,259
down €37,259 (-40.3%), from €92,382 to €55,123
mainly Current investments (-€223,877) and Current portion of long-term debt (-€45,527)
- Trade debts +€84,355
up €84,355 (+114.3%), from €73,817 to €158,172
- Profit (loss) carried forward +€62,538
up €62,538 (+47.1%), from €132,914 to €195,452
- Current portion of long-term debt -€45,527
down €45,527 (-74.9%), from €60,800 to €15,273
- Debts after one year -€15,273
down €15,273 (-100.0%), from €15,273 to €0
of which Financial debts: -€15,273
- Tax, wage and social debts -€10,706
down €10,706 (-100.0%), from €10,706 to €0
of which Taxes: -€9,956
- Gross operating margin -€17,538
down €17,538 (-10.8%), from €162,220 to €144,683
- Taxes -€2,335
down €2,335 (-11.5%), from €20,363 to €18,029
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 | €506,207 | €582,224 | +€76,018 | +15.0% |
| Fixed assets | 21/28 | €97,857 | €31,536 | -€66,321 | -67.8% |
| Intangible fixed assets | 21 | €97,564 | €31,459 | -€66,105 | -67.8% |
| Tangible fixed assets | 22/27 | €216 | €0 | -€216 | -100.0% |
| Furniture and vehicles | 24 | €216 | €0 | -€216 | -100.0% |
| Financial fixed assets | 28 | €77 | €77 | = | 0.0% |
| Current assets | 29/58 | €408,350 | €550,688 | +€142,338 | +34.9% |
| Amounts receivable within one year | 40/41 | €165,967 | €121,241 | -€44,726 | -26.9% |
| Trade receivables | 40 | €163,116 | €90,135 | -€72,982 | -44.7% |
| Other amounts receivable | 41 | €2,851 | €31,106 | +€28,255 | +991.1% |
| Current investments | 50/53 | €150,000 | €373,877 | +€223,877 | +149.3% |
| Cash at bank and in hand | 54/58 | €92,382 | €55,123 | -€37,259 | -40.3% |
| Deferred charges and accrued income | 490/1 | - | €446 | +€446 | |
| Total equity and liabilities | 10/49 | €506,207 | €582,224 | +€76,018 | +15.0% |
| Equity | 10/15 | €344,914 | €407,452 | +€62,538 | +18.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €207,000 | €207,000 | = | 0.0% |
| Distributable reserves | 133 | €207,000 | €207,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,914 | €195,452 | +€62,538 | +47.1% |
| Amounts payable | 17/49 | €161,292 | €174,772 | +€13,480 | +8.4% |
| Amounts payable after more than one year | 17 | €15,273 | €0 | -€15,273 | -100.0% |
| Financial debts | 170/4 | €15,273 | €0 | -€15,273 | -100.0% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €146,020 | €174,772 | +€28,752 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | €60,800 | €15,273 | -€45,527 | -74.9% |
| Trade debts | 44 | €73,817 | €158,172 | +€84,355 | +114.3% |
| Suppliers | 440/4 | €73,817 | €158,172 | +€84,355 | +114.3% |
| Taxes, remuneration and social security | 45 | €10,706 | €0 | -€10,706 | -100.0% |
| Taxes | 450/3 | €9,956 | €0 | -€9,956 | -100.0% |
| Remuneration and social security | 454/9 | €750 | €0 | -€750 | -100.0% |
| Other amounts payable | 47/48 | €697 | €1,328 | +€631 | +90.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,517 | €66,321 | -€197 | -0.3% |
| Other operating charges | 640/8 | €547 | €1,961 | +€1,414 | +258.3% |
| Gross operating margin | 9900 | €162,220 | €144,683 | -€17,538 | -10.8% |
| Operating profit (loss) | 9901 | €95,156 | €76,401 | -€18,755 | -19.7% |
| Financial income | 75/76B | €6,230 | €4,848 | -€1,382 | -22.2% |
| Recurring financial income | 75 | €6,230 | €4,848 | -€1,382 | -22.2% |
| Financial charges | 65/66B | €1,101 | €683 | -€419 | -38.0% |
| Recurring financial charges | 65 | €1,101 | €683 | -€419 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €100,285 | €80,566 | -€19,718 | -19.7% |
| Income taxes | 67/77 | €20,363 | €18,029 | -€2,335 | -11.5% |
| Profit (loss) for the period | 9904 | €79,922 | €62,538 | -€17,384 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €79,922 | €62,538 | -€17,384 | -21.8% |
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 8 October 2026 via checked.be.