VOXERGY: 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.
VOXERGY
Largest movements
- Current investments +€64,774
up €64,774 (+87.6%), from €73,942 to €138,716
- Receivables within one year +€63,677
up €63,677 (+416%), from €15,309 to €78,985
of which Trade receivables: +€63,677
- Cash -€20,445
down €20,445 (-61.8%), from €33,092 to €12,647
mainly Current investments (-€64,774) and Receivables within one year (-€63,677)
- Tangible fixed assets +€17,621
up €17,621 (+172%), from €10,266 to €27,887
of which Furniture and vehicles: +€18,784
- Reserves +€114,603
up €114,603 (+64.1%), from €178,720 to €293,323
- Tax, wage and social debts +€35,099
up €35,099 (+149%), from €23,626 to €58,725
- Trade debts -€26,087
down €26,087 (-99.8%), from €26,142 to €55
- Gross operating margin +€46,053
up €46,053 (+43.4%), from €106,224 to €152,277
- Taxes +€10,298
up €10,298 (+48.0%), from €21,475 to €31,773
- Depreciation +€2,647
up €2,647 (+127%), from €2,089 to €4,736
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 | €233,594 | €358,560 | +€124,967 | +53.5% |
| Fixed assets | 21/28 | €50,266 | €67,887 | +€17,621 | +35.1% |
| Tangible fixed assets | 22/27 | €10,266 | €27,887 | +€17,621 | +172% |
| Plant, machinery and equipment | 23 | €5,663 | €4,500 | -€1,163 | -20.5% |
| Furniture and vehicles | 24 | €4,603 | €23,387 | +€18,784 | +408% |
| Financial fixed assets | 28 | €40,000 | €40,000 | = | 0.0% |
| Current assets | 29/58 | €183,328 | €290,673 | +€107,345 | +58.6% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,309 | €78,985 | +€63,677 | +416% |
| Trade receivables | 40 | €13,876 | €77,552 | +€63,677 | +459% |
| Other amounts receivable | 41 | €1,433 | €1,433 | = | 0.0% |
| Current investments | 50/53 | €73,942 | €138,716 | +€64,774 | +87.6% |
| Cash at bank and in hand | 54/58 | €33,092 | €12,647 | -€20,445 | -61.8% |
| Deferred charges and accrued income | 490/1 | €986 | €325 | -€661 | -67.0% |
| Total equity and liabilities | 10/49 | €233,594 | €358,560 | +€124,967 | +53.5% |
| Equity | 10/15 | €181,720 | €296,323 | +€114,603 | +63.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €178,720 | €293,323 | +€114,603 | +64.1% |
| Distributable reserves | 133 | €178,720 | €293,323 | +€114,603 | +64.1% |
| Amounts payable | 17/49 | €51,874 | €62,237 | +€10,364 | +20.0% |
| Amounts payable within one year | 42/48 | €51,874 | €62,237 | +€10,364 | +20.0% |
| Trade debts | 44 | €26,142 | €55 | -€26,087 | -99.8% |
| Suppliers | 440/4 | €26,142 | €55 | -€26,087 | -99.8% |
| Taxes, remuneration and social security | 45 | €23,626 | €58,725 | +€35,099 | +149% |
| Taxes | 450/3 | €23,626 | €58,725 | +€35,099 | +149% |
| Other amounts payable | 47/48 | €2,106 | €3,458 | +€1,352 | +64.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,089 | €4,736 | +€2,647 | +127% |
| Other operating charges | 640/8 | €173 | €520 | +€347 | +200% |
| Gross operating margin | 9900 | €106,224 | €152,277 | +€46,053 | +43.4% |
| Operating profit (loss) | 9901 | €103,962 | €147,021 | +€43,060 | +41.4% |
| Financial income | 75/76B | €440 | €0 | -€440 | -100.0% |
| Recurring financial income | 75 | €440 | €0 | -€440 | -100.0% |
| Financial charges | 65/66B | €120 | €645 | +€525 | +438% |
| Recurring financial charges | 65 | €120 | €645 | +€525 | +438% |
| Profit (loss) for the period before taxes | 9903 | €104,282 | €146,376 | +€42,095 | +40.4% |
| Income taxes | 67/77 | €21,475 | €31,773 | +€10,298 | +48.0% |
| Profit (loss) for the period | 9904 | €82,806 | €114,603 | +€31,796 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €82,806 | €114,603 | +€31,796 | +38.4% |
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 17 October 2026 via checked.be.