VOSCON: what changed
VOSCON
Largest movements
- Receivables within one year -€8,611
down €8,611 (-32.2%), from €26,704 to €18,093
of which Trade receivables: -€8,470
- Tangible fixed assets +€7,084
up €7,084 (+11.2%), from €63,479 to €70,563
of which Furniture and vehicles: +€7,084
- Cash +€5,777
up €5,777 (+47.5%), from €12,155 to €17,932
mainly Receivables within one year (+€8,611) and Net result for the year (+€4,683)
- Deferred charges and accrued income +€2,283
up €2,283 (+297%), from €767 to €3,051
- Reserves +€4,683
up €4,683 (+6.3%), from €74,267 to €78,950
- Trade debts +€3,931
up €3,931 (+458%), from €859 to €4,790
- Other debts +€3,193
new in 2025: €3,193
- Debts after one year -€2,531
no longer reported in 2025 (was €2,531)
- Current portion of long-term debt -€2,488
down €2,488 (-49.6%), from €5,018 to €2,531
- Gross operating margin -€7,474
down €7,474 (-37.5%), from €19,914 to €12,440
- Depreciation +€1,104
up €1,104 (+52.6%), from €2,098 to €3,202
- Taxes -€956
down €956 (-25.1%), from €3,803 to €2,847
- Other operating charges +€207
up €207 (+22.1%), from €935 to €1,142
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,105 | €109,638 | +€6,533 | +6.3% |
| Fixed assets | 21/28 | €63,479 | €70,563 | +€7,084 | +11.2% |
| Tangible fixed assets | 22/27 | €63,479 | €70,563 | +€7,084 | +11.2% |
| Land and buildings | 22 | €57,310 | €57,310 | = | 0.0% |
| Furniture and vehicles | 24 | €6,168 | €13,252 | +€7,084 | +115% |
| Current assets | 29/58 | €39,626 | €39,076 | -€551 | -1.4% |
| Amounts receivable within one year | 40/41 | €26,704 | €18,093 | -€8,611 | -32.2% |
| Trade receivables | 40 | €25,410 | €16,940 | -€8,470 | -33.3% |
| Other amounts receivable | 41 | €1,294 | €1,153 | -€141 | -10.9% |
| Cash at bank and in hand | 54/58 | €12,155 | €17,932 | +€5,777 | +47.5% |
| Deferred charges and accrued income | 490/1 | €767 | €3,051 | +€2,283 | +297% |
| Total equity and liabilities | 10/49 | €103,105 | €109,638 | +€6,533 | +6.3% |
| Equity | 10/15 | €86,767 | €91,450 | +€4,683 | +5.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €74,267 | €78,950 | +€4,683 | +6.3% |
| Distributable reserves | 133 | €74,267 | €78,950 | +€4,683 | +6.3% |
| Amounts payable | 17/49 | €16,338 | €18,188 | +€1,850 | +11.3% |
| Amounts payable after more than one year | 17 | €2,531 | - | -€2,531 | |
| Financial debts | 170/4 | €2,531 | - | -€2,531 | |
| Amounts payable within one year | 42/48 | €11,892 | €16,522 | +€4,631 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €5,018 | €2,531 | -€2,488 | -49.6% |
| Trade debts | 44 | €859 | €4,790 | +€3,931 | +458% |
| Suppliers | 440/4 | €859 | €4,790 | +€3,931 | +458% |
| Taxes, remuneration and social security | 45 | €6,015 | €6,008 | -€6 | -0.1% |
| Taxes | 450/3 | €3,912 | €3,907 | -€5 | -0.1% |
| Remuneration and social security | 454/9 | €2,102 | €2,101 | -€1 | -0.1% |
| Other amounts payable | 47/48 | - | €3,193 | +€3,193 | |
| Accrued charges and deferred income | 492/3 | €1,916 | €1,666 | -€250 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,098 | €3,202 | +€1,104 | +52.6% |
| Other operating charges | 640/8 | €935 | €1,142 | +€207 | +22.1% |
| Gross operating margin | 9900 | €19,914 | €12,440 | -€7,474 | -37.5% |
| Operating profit (loss) | 9901 | €16,880 | €8,096 | -€8,784 | -52.0% |
| Financial income | 75/76B | €80 | €87 | +€7 | +9.0% |
| Recurring financial income | 75 | €80 | €87 | +€7 | +9.0% |
| Financial charges | 65/66B | €675 | €653 | -€22 | -3.2% |
| Recurring financial charges | 65 | €675 | €653 | -€22 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €16,285 | €7,530 | -€8,755 | -53.8% |
| Income taxes | 67/77 | €3,803 | €2,847 | -€956 | -25.1% |
| Profit (loss) for the period | 9904 | €12,482 | €4,683 | -€7,799 | -62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,482 | €4,683 | -€7,799 | -62.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.