VOYAGE UNIQUE: 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.
VOYAGE UNIQUE
Largest movements
- Deferred charges and accrued income +€412,563
up €412,563 (+42.7%), from €967,153 to €1.4m
- Cash +€214,853
up €214,853 (+24.6%), from €872,832 to €1.1m
mainly Trade debts (+€539,808) and Net result for the year (+€230,389)
- Receivables within one year +€35,505
up €35,505 (+16.9%), from €210,663 to €246,168
of which Trade receivables: +€24,699
- Trade debts +€539,808
up €539,808 (+37.2%), from €1.5m to €2.0m
- Reserves +€163,050
up €163,050 (+36.9%), from €441,540 to €604,590
- Accrued charges and deferred income -€70,215
down €70,215 (-49.0%), from €143,315 to €73,100
- Tax, wage and social debts +€39,665
up €39,665 (+134%), from €29,708 to €69,373
of which Taxes: +€31,954
- Gross operating margin +€160,035
up €160,035 (+44.3%), from €361,248 to €521,283
- Taxes +€50,847
up €50,847 (+90.0%), from €56,489 to €107,336
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,130,252 | €2,783,039 | +€652,788 | +30.6% |
| Fixed assets | 21/28 | €79,604 | €69,470 | -€10,134 | -12.7% |
| Tangible fixed assets | 22/27 | €44,252 | €31,617 | -€12,635 | -28.6% |
| Plant, machinery and equipment | 23 | €2,295 | €3,782 | +€1,487 | +64.8% |
| Furniture and vehicles | 24 | €41,957 | €27,835 | -€14,122 | -33.7% |
| Financial fixed assets | 28 | €35,352 | €37,853 | +€2,501 | +7.1% |
| Current assets | 29/58 | €2,050,648 | €2,713,569 | +€662,921 | +32.3% |
| Amounts receivable within one year | 40/41 | €210,663 | €246,168 | +€35,505 | +16.9% |
| Trade receivables | 40 | €68,663 | €93,362 | +€24,699 | +36.0% |
| Other amounts receivable | 41 | €142,000 | €152,806 | +€10,806 | +7.6% |
| Cash at bank and in hand | 54/58 | €872,832 | €1,087,686 | +€214,853 | +24.6% |
| Deferred charges and accrued income | 490/1 | €967,153 | €1,379,716 | +€412,563 | +42.7% |
| Total equity and liabilities | 10/49 | €2,130,252 | €2,783,039 | +€652,788 | +30.6% |
| Equity | 10/15 | €471,766 | €634,821 | +€163,056 | +34.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €441,540 | €604,590 | +€163,050 | +36.9% |
| Distributable reserves | 133 | €441,540 | €604,590 | +€163,050 | +36.9% |
| Profit (loss) carried forward | 14 | €226 | €231 | +€6 | +2.6% |
| Amounts payable | 17/49 | €1,658,486 | €2,148,218 | +€489,732 | +29.5% |
| Amounts payable after more than one year | 17 | €8,993 | €1,297 | -€7,696 | -85.6% |
| Financial debts | 170/4 | €8,993 | €1,297 | -€7,696 | -85.6% |
| Amounts payable within one year | 42/48 | €1,506,178 | €2,073,821 | +€567,643 | +37.7% |
| Current portion of amounts payable after more than one year | 42 | €7,545 | €7,696 | +€151 | +2.0% |
| Trade debts | 44 | €1,450,478 | €1,990,287 | +€539,808 | +37.2% |
| Suppliers | 440/4 | €1,450,478 | €1,990,287 | +€539,808 | +37.2% |
| Taxes, remuneration and social security | 45 | €29,708 | €69,373 | +€39,665 | +134% |
| Taxes | 450/3 | €18,382 | €50,336 | +€31,954 | +174% |
| Remuneration and social security | 454/9 | €11,326 | €19,037 | +€7,711 | +68.1% |
| Other amounts payable | 47/48 | €18,446 | €6,465 | -€11,981 | -65.0% |
| Accrued charges and deferred income | 492/3 | €143,315 | €73,100 | -€70,215 | -49.0% |
| Remuneration, social security and pensions | 62 | €153,260 | €157,969 | +€4,709 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,485 | €15,971 | +€486 | +3.1% |
| Other operating charges | 640/8 | €1,823 | €1,752 | -€71 | -3.9% |
| Non-recurring operating charges | 66A | €5 | €0 | -€5 | -100% |
| Gross operating margin | 9900 | €361,248 | €521,283 | +€160,035 | +44.3% |
| Operating profit (loss) | 9901 | €190,675 | €345,591 | +€154,917 | +81.2% |
| Financial income | 75/76B | €267 | €0 | -€267 | -100% |
| Recurring financial income | 75 | €267 | €0 | -€267 | -100% |
| Financial charges | 65/66B | €9,824 | €7,867 | -€1,957 | -19.9% |
| Recurring financial charges | 65 | €9,824 | €7,867 | -€1,957 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €181,118 | €337,725 | +€156,606 | +86.5% |
| Income taxes | 67/77 | €56,489 | €107,336 | +€50,847 | +90.0% |
| Profit (loss) for the period | 9904 | €124,629 | €230,389 | +€105,760 | +84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €124,629 | €230,389 | +€105,760 | +84.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.