Voxaal: 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.
Voxaal
Largest movements
- Cash +€14,836
up €14,836 (+73.8%), from €20,093 to €34,929
mainly Net result for the year (+€105,306) and Receivables within one year (+€9,715)
- Receivables within one year -€9,715
no longer reported in 2025 (was €9,715)
- Debts after one year -€96,182
down €96,182 (-12.1%), from €792,783 to €696,601
- Reserves +€95,359
new in 2025: €95,359
- Profit (loss) carried forward +€9,948
no longer reported in 2025 (was -€9,948)
- Financial income +€105,000
new in 2025: €105,000
- Gross operating margin +€10,374
up €10,374 (+43.0%), from €24,146 to €34,520
- Financial charges +€2,567
up €2,567 (+8.1%), from €31,520 to €34,087
- Depreciation -€2,523
no longer reported in 2025 (was €2,523)
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 | €930,140 | €935,234 | +€5,094 | +0.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €900,000 | €900,000 | = | 0.0% |
| Financial fixed assets | 28 | €900,000 | €900,000 | = | 0.0% |
| Current assets | 29/58 | €30,140 | €35,234 | +€5,094 | +16.9% |
| Amounts receivable within one year | 40/41 | €9,715 | - | -€9,715 | |
| Trade receivables | 40 | €9,715 | - | -€9,715 | |
| Cash at bank and in hand | 54/58 | €20,093 | €34,929 | +€14,836 | +73.8% |
| Deferred charges and accrued income | 490/1 | €333 | €305 | -€27 | -8.2% |
| Total equity and liabilities | 10/49 | €930,140 | €935,234 | +€5,094 | +0.5% |
| Equity | 10/15 | -€4,948 | €100,359 | +€105,306 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €95,359 | +€95,359 | |
| Distributable reserves | 133 | - | €95,359 | +€95,359 | |
| Profit (loss) carried forward | 14 | -€9,948 | - | +€9,948 | |
| Amounts payable | 17/49 | €935,088 | €834,875 | -€100,212 | -10.7% |
| Amounts payable after more than one year | 17 | €792,783 | €696,601 | -€96,182 | -12.1% |
| Financial debts | 170/4 | €792,783 | €696,601 | -€96,182 | -12.1% |
| Amounts payable within one year | 42/48 | €121,241 | €119,853 | -€1,388 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €92,217 | €96,182 | +€3,964 | +4.3% |
| Trade debts | 44 | €1,111 | €777 | -€335 | -30.1% |
| Suppliers | 440/4 | €1,111 | €777 | -€335 | -30.1% |
| Taxes, remuneration and social security | 45 | €1,885 | €1,752 | -€133 | -7.0% |
| Taxes | 450/3 | €1,885 | €1,752 | -€133 | -7.0% |
| Other amounts payable | 47/48 | €26,027 | €21,142 | -€4,885 | -18.8% |
| Accrued charges and deferred income | 492/3 | €21,065 | €18,422 | -€2,643 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,523 | - | -€2,523 | |
| Other operating charges | 640/8 | €50 | €126 | +€76 | +152% |
| Gross operating margin | 9900 | €24,146 | €34,520 | +€10,374 | +43.0% |
| Operating profit (loss) | 9901 | €21,572 | €34,394 | +€12,821 | +59.4% |
| Financial income | 75/76B | - | €105,000 | +€105,000 | |
| Recurring financial income | 75 | - | €105,000 | +€105,000 | |
| Financial charges | 65/66B | €31,520 | €34,087 | +€2,567 | +8.1% |
| Recurring financial charges | 65 | €31,520 | €34,087 | +€2,567 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,948 | €105,306 | +€115,254 | |
| Profit (loss) for the period | 9904 | -€9,948 | €105,306 | +€115,254 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,948 | €105,306 | +€115,254 |
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 15 October 2026 via checked.be.