VOX SUALEM: what changed
What changed
VOX SUALEM
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€149,187
2024 · €316,754-€465,942
Equity
€980,731
2024 · €1.1m-€149,187
Cash
€35,677
2024 · €97,684-€62,008
Balance sheet total
€1.0m
2024 · €1.2m-€139,747
Largest movements
Assets
- Cash -€62,008
down €62,008 (-63.5%), from €97,684 to €35,677
mainly Net result for the year (-€149,187) and Debts after one year (-€2,046)
- Financial fixed assets -€40,912
down €40,912 (-7.2%), from €565,292 to €524,379
- Tangible fixed assets -€34,910
down €34,910 (-7.6%), from €457,627 to €422,716
of which Land and buildings: -€25,219
Equity and liabilities
- Profit (loss) carried forward -€149,187
down €149,187 (-13.5%), from €1.1m to €956,532
Income statement
- Financial income -€534,576
down €534,576 (-99.5%), from €537,242 to €2,666
- Taxes -€109,929
down €109,929 (-99.8%), from €110,183 to €254
- Gross operating margin -€36,751
down €36,751 (-64.5%), from -€57,000 to -€93,751
- Financial charges +€6,480
up €6,480 (+311%), from €2,080 to €8,560
- Other operating charges -€2,102
down €2,102 (-28.8%), from €7,299 to €5,198
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€316,754
Gross operating margin
-€36,751
Depreciation
-€165
Other operating charges
+€2,102
Financial income
-€534,576
Financial charges
-€6,480
Taxes
+€109,929
Result 2025
-€149,187
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€91,754
Investment
+€31,732
Financing
-€1,985
Cash 2024
€97,684
From operations (derived)
-€91,754
Net result for the year
-€149,187
Depreciation
+€44,090
Smaller working-capital items
-€353
Deferred charges and accrued income
+€2,271
Trade debts
+€10,962
Tax, wage and social debts
+€463
Investment (derived)
+€31,732
Investment in fixed assets (net)
+€31,732
Financing
-€1,985
Debts after one year
-€2,046
Current portion of long-term debt
+€61
Cash 2025
€35,677
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,182,219 | €1,042,472 | -€139,747 | -11.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,022,918 | €947,096 | -€75,822 | -7.4% |
| Tangible fixed assets | 22/27 | €457,627 | €422,716 | -€34,910 | -7.6% |
| Land and buildings | 22 | €405,897 | €380,678 | -€25,219 | -6.2% |
| Plant, machinery and equipment | 23 | €28,043 | €27,512 | -€531 | -1.9% |
| Furniture and vehicles | 24 | €23,687 | €14,526 | -€9,160 | -38.7% |
| Financial fixed assets | 28 | €565,292 | €524,379 | -€40,912 | -7.2% |
| Current assets | 29/58 | €159,301 | €95,376 | -€63,925 | -40.1% |
| Amounts receivable within one year | 40/41 | €56,561 | €56,914 | +€353 | +0.6% |
| Trade receivables | 40 | €14,780 | €28,634 | +€13,855 | +93.7% |
| Other amounts receivable | 41 | €41,781 | €28,280 | -€13,501 | -32.3% |
| Cash at bank and in hand | 54/58 | €97,684 | €35,677 | -€62,008 | -63.5% |
| Deferred charges and accrued income | 490/1 | €5,056 | €2,785 | -€2,271 | -44.9% |
| Total equity and liabilities | 10/49 | €1,182,219 | €1,042,472 | -€139,747 | -11.8% |
| Equity | 10/15 | €1,129,918 | €980,731 | -€149,187 | -13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,598 | €5,598 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,738 | €3,738 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,105,720 | €956,532 | -€149,187 | -13.5% |
| Amounts payable | 17/49 | €52,301 | €61,741 | +€9,440 | +18.0% |
| Amounts payable after more than one year | 17 | €43,384 | €41,338 | -€2,046 | -4.7% |
| Financial debts | 170/4 | €43,384 | €41,338 | -€2,046 | -4.7% |
| Amounts payable within one year | 42/48 | €8,892 | €20,378 | +€11,486 | +129% |
| Current portion of amounts payable after more than one year | 42 | €2,153 | €2,214 | +€61 | +2.8% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Trade debts | 44 | €1,999 | €12,960 | +€10,962 | +548% |
| Suppliers | 440/4 | €1,999 | €12,960 | +€10,962 | +548% |
| Taxes, remuneration and social security | 45 | €4,740 | €5,203 | +€463 | +9.8% |
| Taxes | 450/3 | €4,740 | €5,203 | +€463 | +9.8% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €25 | €26 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,925 | €44,090 | +€165 | +0.4% |
| Other operating charges | 640/8 | €7,299 | €5,198 | -€2,102 | -28.8% |
| Gross operating margin | 9900 | -€57,000 | -€93,751 | -€36,751 | -64.5% |
| Operating profit (loss) | 9901 | -€108,225 | -€143,039 | -€34,815 | -32.2% |
| Financial income | 75/76B | €537,242 | €2,666 | -€534,576 | -99.5% |
| Recurring financial income | 75 | €537,242 | €2,666 | -€534,576 | -99.5% |
| Financial charges | 65/66B | €2,080 | €8,560 | +€6,480 | +311% |
| Recurring financial charges | 65 | €2,080 | €8,560 | +€6,480 | +311% |
| Profit (loss) for the period before taxes | 9903 | €426,937 | -€148,934 | -€575,870 | |
| Income taxes | 67/77 | €110,183 | €254 | -€109,929 | -99.8% |
| Profit (loss) for the period | 9904 | €316,754 | -€149,187 | -€465,942 | |
| Profit (loss) for the period to be appropriated | 9905 | €316,754 | -€149,187 | -€465,942 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.