VOXA: 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.
VOXA
Largest movements
- Receivables within one year +€12,127
up €12,127 (+186.6%), from €6,500 to €18,627
of which Other amounts receivable: +€16,644
- Cash -€600
down €600 (-100.0%), from €600 to €0
mainly Other debts (-€18,459) and Receivables within one year (-€12,127)
- Tangible fixed assets -€332
down €332 (-45.6%), from €727 to €396
- Other debts -€18,459
down €18,459 (-100.0%), from €18,459 to €0
- Trade debts +€15,967
up €15,967 (+905.8%), from €1,763 to €17,730
- Profit (loss) carried forward +€7,735
up €7,735 (+19.4%), from -€39,781 to -€32,046
- Tax, wage and social debts +€3,329
up €3,329 (+38.8%), from €8,586 to €11,915
- Short-term financial debts +€2,624
new in 2025: €2,624
- Gross operating margin -€20,639
down €20,639 (-65.4%), from €31,569 to €10,930
- Taxes +€1,140
up €1,140 (+371.5%), from €307 to €1,447
- Financial charges +€784
up €784 (+280.0%), from €280 to €1,064
- Financial income +€587
new in 2025: €587
- Other operating charges +€564
up €564 (+150.6%), from €374 to €938
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 | €7,827 | €19,023 | +€11,196 | +143.0% |
| Fixed assets | 21/28 | €727 | €396 | -€332 | -45.6% |
| Tangible fixed assets | 22/27 | €727 | €396 | -€332 | -45.6% |
| Furniture and vehicles | 24 | €727 | €396 | -€332 | -45.6% |
| Current assets | 29/58 | €7,100 | €18,627 | +€11,528 | +162.4% |
| Amounts receivable within one year | 40/41 | €6,500 | €18,627 | +€12,127 | +186.6% |
| Trade receivables | 40 | €6,500 | €1,983 | -€4,517 | -69.5% |
| Other amounts receivable | 41 | €0 | €16,644 | +€16,644 | |
| Cash at bank and in hand | 54/58 | €600 | €0 | -€600 | -100.0% |
| Total equity and liabilities | 10/49 | €7,827 | €19,023 | +€11,196 | +143.0% |
| Equity | 10/15 | -€20,981 | -€13,246 | +€7,735 | +36.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,781 | -€32,046 | +€7,735 | +19.4% |
| Amounts payable | 17/49 | €28,808 | €32,269 | +€3,461 | +12.0% |
| Amounts payable within one year | 42/48 | €28,808 | €32,269 | +€3,461 | +12.0% |
| Financial debts | 43 | - | €2,624 | +€2,624 | |
| Credit institutions | 430/8 | - | €2,624 | +€2,624 | |
| Trade debts | 44 | €1,763 | €17,730 | +€15,967 | +905.8% |
| Suppliers | 440/4 | €1,763 | €17,730 | +€15,967 | +905.8% |
| Taxes, remuneration and social security | 45 | €8,586 | €11,915 | +€3,329 | +38.8% |
| Taxes | 450/3 | €8,586 | €11,915 | +€3,329 | +38.8% |
| Other amounts payable | 47/48 | €18,459 | €0 | -€18,459 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €867 | €332 | -€535 | -61.7% |
| Other operating charges | 640/8 | €374 | €938 | +€564 | +150.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €31,569 | €10,930 | -€20,639 | -65.4% |
| Operating profit (loss) | 9901 | €30,328 | €9,660 | -€20,668 | -68.1% |
| Financial income | 75/76B | - | €587 | +€587 | |
| Recurring financial income | 75 | - | €587 | +€587 | |
| Financial charges | 65/66B | €280 | €1,064 | +€784 | +280.0% |
| Recurring financial charges | 65 | €280 | €1,064 | +€784 | +280.0% |
| Profit (loss) for the period before taxes | 9903 | €30,048 | €9,182 | -€20,865 | -69.4% |
| Income taxes | 67/77 | €307 | €1,447 | +€1,140 | +371.5% |
| Profit (loss) for the period | 9904 | €29,741 | €7,735 | -€22,006 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,741 | €7,735 | -€22,006 | -74.0% |
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 29 September 2026 via checked.be.