VOXA: 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.
VOXA
Largest movements
- Receivables within one year -€31,985
down €31,985 (-21.7%), from €147,057 to €115,072
of which Other amounts receivable: -€32,800
- Stocks and contracts +€7,861
up €7,861 (+2.3%), from €334,935 to €342,796
- Cash +€5,597
up €5,597 (+10.3%), from €54,358 to €59,954
mainly Receivables within one year (+€31,985) and Net result for the year (+€10,315)
- Other debts -€40,260
down €40,260 (-100%), from €40,260 to €0
- Profit (loss) carried forward +€10,315
up €10,315 (+2.3%), from €457,410 to €467,724
- Trade debts +€7,399
up €7,399 (+33.9%), from €21,801 to €29,200
- Gross operating margin -€21,291
down €21,291 (-45.0%), from €47,336 to €26,045
- Taxes -€6,201
down €6,201 (-58.8%), from €10,543 to €4,342
- Financial charges +€3,412
up €3,412 (+86.9%), from €3,927 to €7,339
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 | €550,802 | €529,528 | -€21,274 | -3.9% |
| Fixed assets | 21/28 | €12,413 | €9,335 | -€3,078 | -24.8% |
| Tangible fixed assets | 22/27 | €12,413 | €9,335 | -€3,078 | -24.8% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €12,413 | €9,335 | -€3,078 | -24.8% |
| Current assets | 29/58 | €538,389 | €520,194 | -€18,196 | -3.4% |
| Stocks and contracts in progress | 3 | €334,935 | €342,796 | +€7,861 | +2.3% |
| Stocks | 30/36 | €334,935 | €342,796 | +€7,861 | +2.3% |
| Amounts receivable within one year | 40/41 | €147,057 | €115,072 | -€31,985 | -21.7% |
| Trade receivables | 40 | - | €815 | +€815 | |
| Other amounts receivable | 41 | €147,057 | €114,257 | -€32,800 | -22.3% |
| Cash at bank and in hand | 54/58 | €54,358 | €59,954 | +€5,597 | +10.3% |
| Deferred charges and accrued income | 490/1 | €2,039 | €2,371 | +€331 | +16.3% |
| Total equity and liabilities | 10/49 | €550,802 | €529,528 | -€21,274 | -3.9% |
| Equity | 10/15 | €479,410 | €489,724 | +€10,315 | +2.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €457,410 | €467,724 | +€10,315 | +2.3% |
| Amounts payable | 17/49 | €71,392 | €39,804 | -€31,588 | -44.2% |
| Amounts payable within one year | 42/48 | €71,392 | €39,804 | -€31,588 | -44.2% |
| Financial debts | 43 | €7,500 | €7,500 | = | 0.0% |
| Credit institutions | 430/8 | €7,500 | €7,500 | = | 0.0% |
| Trade debts | 44 | €21,801 | €29,200 | +€7,399 | +33.9% |
| Suppliers | 440/4 | €21,801 | €29,200 | +€7,399 | +33.9% |
| Taxes, remuneration and social security | 45 | €1,832 | €3,104 | +€1,272 | +69.5% |
| Taxes | 450/3 | €1,832 | €3,104 | +€1,272 | +69.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €40,260 | €0 | -€40,260 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,215 | €3,078 | -€137 | -4.3% |
| Other operating charges | 640/8 | €1,351 | €987 | -€364 | -26.9% |
| Gross operating margin | 9900 | €47,336 | €26,045 | -€21,291 | -45.0% |
| Operating profit (loss) | 9901 | €42,770 | €21,980 | -€20,790 | -48.6% |
| Financial income | 75/76B | €12 | €15 | +€4 | +32.6% |
| Recurring financial income | 75 | €12 | €15 | +€4 | +32.6% |
| Financial charges | 65/66B | €3,927 | €7,339 | +€3,412 | +86.9% |
| Recurring financial charges | 65 | €3,927 | €7,339 | +€3,412 | +86.9% |
| Profit (loss) for the period before taxes | 9903 | €38,855 | €14,657 | -€24,198 | -62.3% |
| Income taxes | 67/77 | €10,543 | €4,342 | -€6,201 | -58.8% |
| Profit (loss) for the period | 9904 | €28,312 | €10,315 | -€17,998 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,312 | €10,315 | -€17,998 | -63.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.