VOS: what changed
What changed
VOS
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
-€2.5m
2024 · €129,579-€2.6m
Equity
-€1.4m
2024 · €1.0m-€2.5m
Cash
€1,239
2024 · €13,342-€12,102
Balance sheet total
€2.1m
2024 · €5.1m-€3.0m
Largest movements
Assets
- Receivables within one year -€2.9m
down €2.9m (-96.0%), from €3.0m to €119,126
of which Other amounts receivable: -€2.6m
- Tangible fixed assets -€86,651
down €86,651 (-4.2%), from €2.0m to €2.0m
of which Land and buildings: -€86,651
Equity and liabilities
- Profit (loss) carried forward -€1.8m
down €1.8m, from €316,273 to -€1.5m
- Reserves -€667,241
down €667,241 (-99.1%), from €673,047 to €5,806
of which Distributable reserves: -€667,241
- Other debts -€360,384
down €360,384 (-9.7%), from €3.7m to €3.4m
- Current portion of long-term debt -€107,542
down €107,542 (-70.7%), from €152,209 to €44,667
Income statement
- Financial income -€117,855
down €117,855 (-97.1%), from €121,362 to €3,507
- Write-downs -€114,711
down €114,711 (-4,150%), from -€2,764 to -€117,475
- Financial charges -€64,713
down €64,713 (-32.9%), from €196,617 to €131,904
- Gross operating margin -€57,845
down €57,845 (-16.4%), from €351,897 to €294,052
- Taxes -€41,276
down €41,276, from €41,271 to -€4
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€129,579
Gross operating margin
-€57,845
Write-downs
+€114,711
Other operating charges
-€24,649
Other operating items
-€2.6m
Financial income
-€117,855
Financial charges
+€64,713
Taxes
+€41,276
Result 2025
-€2.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€138,138
Investment
€0
Financing
-€150,240
Cash 2024
€13,342
From operations (derived)
+€138,138
Net result for the year
-€2.5m
Depreciation
+€86,651
Receivables within one year
+€2.9m
Deferred charges and accrued income
+€21,298
Trade debts
-€1,530
Tax, wage and social debts
-€45,458
Other debts
-€360,384
Accrued charges and deferred income
+€26,088
Financing
-€150,240
Debts after one year
-€42,698
Current portion of long-term debt
-€107,542
Cash 2025
€1,239
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,060,550 | €2,075,925 | -€3.0m | -59.0% |
| Fixed assets | 21/28 | €2,042,211 | €1,955,560 | -€86,651 | -4.2% |
| Tangible fixed assets | 22/27 | €2,042,211 | €1,955,560 | -€86,651 | -4.2% |
| Land and buildings | 22 | €1,371,903 | €1,285,252 | -€86,651 | -6.3% |
| Other tangible fixed assets | 26 | €670,307 | €670,307 | = | 0.0% |
| Current assets | 29/58 | €3,018,339 | €120,366 | -€2.9m | -96.0% |
| Amounts receivable within one year | 40/41 | €2,983,699 | €119,126 | -€2.9m | -96.0% |
| Trade receivables | 40 | €367,068 | €53,119 | -€313,949 | -85.5% |
| Other amounts receivable | 41 | €2,616,631 | €66,008 | -€2.6m | -97.5% |
| Cash at bank and in hand | 54/58 | €13,342 | €1,239 | -€12,102 | -90.7% |
| Deferred charges and accrued income | 490/1 | €21,298 | - | -€21,298 | |
| Total equity and liabilities | 10/49 | €5,060,550 | €2,075,925 | -€3.0m | -59.0% |
| Equity | 10/15 | €1,047,380 | -€1,405,721 | -€2.5m | |
| Contributions | 10/11 | €58,061 | €58,061 | = | 0.0% |
| Reserves | 13 | €673,047 | €5,806 | -€667,241 | -99.1% |
| Non-distributable reserves | 130/1 | €5,806 | €5,806 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,806 | €5,806 | = | 0.0% |
| Distributable reserves | 133 | €667,241 | - | -€667,241 | |
| Profit (loss) carried forward | 14 | €316,273 | -€1,469,588 | -€1.8m | |
| Amounts payable | 17/49 | €4,013,170 | €3,481,646 | -€531,524 | -13.2% |
| Amounts payable after more than one year | 17 | €91,143 | €48,446 | -€42,698 | -46.8% |
| Financial debts | 170/4 | €91,143 | €48,446 | -€42,698 | -46.8% |
| Amounts payable within one year | 42/48 | €3,922,027 | €3,407,113 | -€514,914 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €152,209 | €44,667 | -€107,542 | -70.7% |
| Trade debts | 44 | €1,913 | €383 | -€1,530 | -80.0% |
| Suppliers | 440/4 | €1,913 | €383 | -€1,530 | -80.0% |
| Taxes, remuneration and social security | 45 | €45,578 | €120 | -€45,458 | -99.7% |
| Taxes | 450/3 | €45,578 | €120 | -€45,458 | -99.7% |
| Other amounts payable | 47/48 | €3,722,327 | €3,361,943 | -€360,384 | -9.7% |
| Accrued charges and deferred income | 492/3 | - | €26,088 | +€26,088 | |
| Non-recurring operating income | 76A | €15,622 | - | -€15,622 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,651 | €86,651 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,764 | -€117,475 | -€114,711 | -4,150% |
| Other operating charges | 640/8 | €21,905 | €46,554 | +€24,649 | +113% |
| Non-recurring operating charges | 66A | - | €2,603,031 | +€2.6m | |
| Gross operating margin | 9900 | €351,897 | €294,052 | -€57,845 | -16.4% |
| Operating profit (loss) | 9901 | €246,104 | -€2,324,709 | -€2.6m | |
| Financial income | 75/76B | €121,362 | €3,507 | -€117,855 | -97.1% |
| Recurring financial income | 75 | €121,362 | €3,507 | -€117,855 | -97.1% |
| Financial charges | 65/66B | €196,617 | €131,904 | -€64,713 | -32.9% |
| Recurring financial charges | 65 | €196,617 | €131,904 | -€64,713 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €170,850 | -€2,453,105 | -€2.6m | |
| Income taxes | 67/77 | €41,271 | -€4 | -€41,276 | |
| Profit (loss) for the period | 9904 | €129,579 | -€2,453,101 | -€2.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €129,579 | -€2,453,101 | -€2.6m |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.