Belgium Volt: 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.
Belgium Volt
Largest movements
- Cash -€54,093
down €54,093 (-60.1%), from €90,017 to €35,923
mainly Net result for the year (-€49,046) and Accrued charges and deferred income (-€26,202)
- Receivables within one year +€3,459
up €3,459 (+255%), from €1,357 to €4,816
of which Trade receivables: +€1,853
- Tangible fixed assets +€1,014
new in 2025: €1,014
- Profit (loss) carried forward -€49,046
down €49,046 (-234%), from -€20,938 to -€69,984
- Accrued charges and deferred income -€26,202
down €26,202 (-30.8%), from €85,156 to €58,954
- Contributions +€15,000
new in 2025: €15,000
- Other debts +€10,000
up €10,000 (+43.4%), from €23,024 to €33,024
- Tax, wage and social debts +€1,920
new in 2025: €1,920
- Staff costs +€17,749
new in 2025: €17,749
- Gross operating margin -€10,169
down €10,169 (-48.7%), from -€20,868 to -€31,037
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 | €91,374 | €41,754 | -€49,620 | -54.3% |
| Fixed assets | 21/28 | - | €1,014 | +€1,014 | |
| Tangible fixed assets | 22/27 | - | €1,014 | +€1,014 | |
| Furniture and vehicles | 24 | - | €1,014 | +€1,014 | |
| Current assets | 29/58 | €91,374 | €40,740 | -€50,634 | -55.4% |
| Amounts receivable within one year | 40/41 | €1,357 | €4,816 | +€3,459 | +255% |
| Trade receivables | 40 | - | €1,853 | +€1,853 | |
| Other amounts receivable | 41 | €1,357 | €2,963 | +€1,606 | +118% |
| Cash at bank and in hand | 54/58 | €90,017 | €35,923 | -€54,093 | -60.1% |
| Total equity and liabilities | 10/49 | €91,374 | €41,754 | -€49,620 | -54.3% |
| Equity | 10/15 | -€20,938 | -€54,984 | -€34,046 | -163% |
| Contributions | 10/11 | - | €15,000 | +€15,000 | |
| Profit (loss) carried forward | 14 | -€20,938 | -€69,984 | -€49,046 | -234% |
| Amounts payable | 17/49 | €112,312 | €96,737 | -€15,574 | -13.9% |
| Amounts payable within one year | 42/48 | €27,156 | €37,784 | +€10,627 | +39.1% |
| Trade debts | 44 | €4,132 | €2,840 | -€1,292 | -31.3% |
| Suppliers | 440/4 | €4,132 | €2,840 | -€1,292 | -31.3% |
| Taxes, remuneration and social security | 45 | - | €1,920 | +€1,920 | |
| Remuneration and social security | 454/9 | - | €1,920 | +€1,920 | |
| Other amounts payable | 47/48 | €23,024 | €33,024 | +€10,000 | +43.4% |
| Accrued charges and deferred income | 492/3 | €85,156 | €58,954 | -€26,202 | -30.8% |
| Remuneration, social security and pensions | 62 | - | €17,749 | +€17,749 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €85 | +€85 | |
| Gross operating margin | 9900 | -€20,868 | -€31,037 | -€10,169 | -48.7% |
| Operating profit (loss) | 9901 | -€20,868 | -€48,871 | -€28,003 | -134% |
| Financial income | 75/76B | €1 | €82 | +€81 | +11,796% |
| Recurring financial income | 75 | €1 | €82 | +€81 | +11,796% |
| Financial charges | 65/66B | €70 | €256 | +€186 | +264% |
| Recurring financial charges | 65 | €70 | €256 | +€186 | +264% |
| Profit (loss) for the period before taxes | 9903 | -€20,938 | -€49,046 | -€28,108 | -134% |
| Profit (loss) for the period | 9904 | -€20,938 | -€49,046 | -€28,108 | -134% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,938 | -€49,046 | -€28,108 | -134% |
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 29 October 2026 via checked.be.