VOXTRA: 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.
VOXTRA
Largest movements
- Receivables within one year +€84,628
up €84,628 (+59.3%), from €142,770 to €227,398
of which Other amounts receivable: +€53,164
- Stocks and contracts +€22,097
up €22,097 (+41.1%), from €53,804 to €75,901
- Cash -€10,980
down €10,980 (-9.1%), from €120,607 to €109,627
mainly Receivables within one year (-€84,628) and Investment in fixed assets (net) (-€27,817)
- Reserves +€89,190
up €89,190 (+36.6%), from €243,628 to €332,817
- Debts after one year -€20,297
down €20,297 (-38.5%), from €52,667 to €32,371
- Trade debts +€19,732
up €19,732 (+46.0%), from €42,905 to €62,637
- Staff costs +€48,752
up €48,752 (+38.4%), from €126,932 to €175,685
- Taxes -€21,605
down €21,605 (-35.6%), from €60,749 to €39,144
- Financial income +€7,186
up €7,186 (+11528.8%), from €62 to €7,248
- Depreciation +€6,569
up €6,569 (+26.0%), from €25,273 to €31,842
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 | €461,969 | €553,802 | +€91,833 | +19.9% |
| Fixed assets | 21/28 | €94,788 | €90,763 | -€4,026 | -4.2% |
| Intangible fixed assets | 21 | €8,868 | €5,494 | -€3,374 | -38.0% |
| Tangible fixed assets | 22/27 | €85,920 | €85,268 | -€652 | -0.8% |
| Plant, machinery and equipment | 23 | €12,175 | €23,353 | +€11,178 | +91.8% |
| Furniture and vehicles | 24 | €73,745 | €61,916 | -€11,830 | -16.0% |
| Current assets | 29/58 | €367,181 | €463,040 | +€95,858 | +26.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €45,000 | -€5,000 | -10.0% |
| Other amounts receivable | 291 | €50,000 | €45,000 | -€5,000 | -10.0% |
| Stocks and contracts in progress | 3 | €53,804 | €75,901 | +€22,097 | +41.1% |
| Stocks | 30/36 | €53,804 | €75,901 | +€22,097 | +41.1% |
| Amounts receivable within one year | 40/41 | €142,770 | €227,398 | +€84,628 | +59.3% |
| Trade receivables | 40 | €138,232 | €169,697 | +€31,464 | +22.8% |
| Other amounts receivable | 41 | €4,538 | €57,702 | +€53,164 | +1171.6% |
| Cash at bank and in hand | 54/58 | €120,607 | €109,627 | -€10,980 | -9.1% |
| Deferred charges and accrued income | 490/1 | - | €5,113 | +€5,113 | |
| Total equity and liabilities | 10/49 | €461,969 | €553,802 | +€91,833 | +19.9% |
| Equity | 10/15 | €268,378 | €357,567 | +€89,190 | +33.2% |
| Contributions | 10/11 | €24,750 | €24,750 | = | 0.0% |
| Reserves | 13 | €243,628 | €332,817 | +€89,190 | +36.6% |
| Distributable reserves | 133 | €243,628 | €332,817 | +€89,190 | +36.6% |
| Amounts payable | 17/49 | €193,592 | €196,235 | +€2,643 | +1.4% |
| Amounts payable after more than one year | 17 | €52,667 | €32,371 | -€20,297 | -38.5% |
| Financial debts | 170/4 | €52,667 | €32,371 | -€20,297 | -38.5% |
| Amounts payable within one year | 42/48 | €140,924 | €163,829 | +€22,905 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €19,842 | €20,297 | +€455 | +2.3% |
| Trade debts | 44 | €42,905 | €62,637 | +€19,732 | +46.0% |
| Suppliers | 440/4 | €42,905 | €62,637 | +€19,732 | +46.0% |
| Advances received on contracts in progress | 46 | €119 | €554 | +€435 | +365.5% |
| Taxes, remuneration and social security | 45 | €78,058 | €80,341 | +€2,283 | +2.9% |
| Taxes | 450/3 | €51,111 | €49,381 | -€1,730 | -3.4% |
| Remuneration and social security | 454/9 | €26,947 | €30,959 | +€4,012 | +14.9% |
| Accrued charges and deferred income | 492/3 | - | €35 | +€35 | |
| Non-recurring operating income | 76A | - | €1,653 | +€1,653 | |
| Remuneration, social security and pensions | 62 | €126,932 | €175,685 | +€48,752 | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,273 | €31,842 | +€6,569 | +26.0% |
| Other operating charges | 640/8 | €2,643 | €2,258 | -€386 | -14.6% |
| Gross operating margin | 9900 | €343,734 | €344,680 | +€945 | +0.3% |
| Operating profit (loss) | 9901 | €188,885 | €134,895 | -€53,990 | -28.6% |
| Financial income | 75/76B | €62 | €7,248 | +€7,186 | +11528.8% |
| Recurring financial income | 75 | €62 | €7,248 | +€7,186 | +11528.8% |
| Financial charges | 65/66B | €2,234 | €2,119 | -€114 | -5.1% |
| Recurring financial charges | 65 | €2,234 | €2,119 | -€114 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €186,714 | €140,024 | -€46,690 | -25.0% |
| Income taxes | 67/77 | €60,749 | €39,144 | -€21,605 | -35.6% |
| Profit (loss) for the period | 9904 | €125,966 | €100,881 | -€25,085 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €125,966 | €100,881 | -€25,085 | -19.9% |
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 12 October 2026 via checked.be.