CASA VOLPINI: what changed
What changed
CASA VOLPINI
NACE 46.150, Agents in the wholesale of furniture, household goods and hardware
filed annual accounts (NBB)
Net result for the year
€25,621
2024 · €11,367+€14,254
Equity
€158,504
2024 · €120,483+€38,021
Cash
€62,703
2024 · €41,602+€21,101
Balance sheet total
€918,454
2024 · €908,256+€10,198
Largest movements
Assets
- Cash +€21,101
up €21,101 (+50.7%), from €41,602 to €62,703
mainly Debts after one year (+€95,470) and Depreciation (+€76,475)
- Tangible fixed assets -€12,677
down €12,677 (-1.6%), from €810,680 to €798,003
of which Land and buildings: -€24,431
Equity and liabilities
- Short-term financial debts -€101,625
no longer reported in 2025 (was €101,625)
- Debts after one year +€95,470
up €95,470 (+22.3%), from €429,062 to €524,532
- Other debts -€31,681
down €31,681 (-20.8%), from €152,676 to €120,996
- Reserves +€25,621
up €25,621 (+34.9%), from €73,501 to €99,122
- Tax, wage and social debts +€12,460
up €12,460 (+33.2%), from €37,559 to €50,019
of which Remuneration and social security: +€6,777
Income statement
- Gross operating margin +€34,692
up €34,692 (+7.2%), from €482,169 to €516,861
- Staff costs +€26,594
up €26,594 (+7.6%), from €352,128 to €378,722
- Taxes +€5,387
up €5,387 (+85.5%), from €6,300 to €11,687
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
€11,367
Gross operating margin
+€34,692
Staff costs
-€26,594
Depreciation
-€2,758
Write-downs
+€2,000
Other operating charges
+€1,348
Other operating items
+€10,221
Financial income
+€4,290
Financial charges
-€3,557
Taxes
-€5,387
Result 2025
€25,621
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
+€81,068
Investment
-€63,798
Financing
+€3,831
Cash 2024
€41,602
From operations (derived)
+€81,068
Net result for the year
+€25,621
Depreciation
+€76,475
Receivables within one year
-€1,364
Deferred charges and accrued income
-€410
Trade debts
-€33
Tax, wage and social debts
+€12,460
Other debts
-€31,681
Investment (derived)
-€63,798
Investment in fixed assets (net)
-€63,798
Financing
+€3,831
Debts after one year
+€95,470
Current portion of long-term debt
-€2,413
Short-term financial debts
-€101,625
Contributions, distributions and other
+€12,400
Cash 2025
€62,703
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €908,256 | €918,454 | +€10,198 | +1.1% |
| Fixed assets | 21/28 | €810,695 | €798,018 | -€12,677 | -1.6% |
| Tangible fixed assets | 22/27 | €810,680 | €798,003 | -€12,677 | -1.6% |
| Land and buildings | 22 | €699,716 | €675,285 | -€24,431 | -3.5% |
| Plant, machinery and equipment | 23 | €7,299 | €6,689 | -€611 | -8.4% |
| Furniture and vehicles | 24 | €44,574 | €52,112 | +€7,538 | +16.9% |
| Leasing and similar rights | 25 | €59,090 | €63,917 | +€4,826 | +8.2% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €97,561 | €120,436 | +€22,875 | +23.4% |
| Stocks and contracts in progress | 3 | €9,629 | €9,629 | = | 0.0% |
| Stocks | 30/36 | €9,629 | €9,629 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €45,248 | €46,612 | +€1,364 | +3.0% |
| Trade receivables | 40 | €40,533 | €42,209 | +€1,676 | +4.1% |
| Other amounts receivable | 41 | €4,715 | €4,402 | -€312 | -6.6% |
| Cash at bank and in hand | 54/58 | €41,602 | €62,703 | +€21,101 | +50.7% |
| Deferred charges and accrued income | 490/1 | €1,082 | €1,492 | +€410 | +37.9% |
| Total equity and liabilities | 10/49 | €908,256 | €918,454 | +€10,198 | +1.1% |
| Equity | 10/15 | €120,483 | €158,504 | +€38,021 | +31.6% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €73,501 | €99,122 | +€25,621 | +34.9% |
| Distributable reserves | 133 | €73,501 | €99,122 | +€25,621 | +34.9% |
| Profit (loss) carried forward | 14 | €40,782 | €40,782 | = | 0.0% |
| Amounts payable | 17/49 | €787,773 | €759,950 | -€27,823 | -3.5% |
| Amounts payable after more than one year | 17 | €429,062 | €524,532 | +€95,470 | +22.3% |
| Financial debts | 170/4 | €429,062 | €524,532 | +€95,470 | +22.3% |
| Amounts payable within one year | 42/48 | €358,711 | €235,418 | -€123,292 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €62,046 | €59,632 | -€2,413 | -3.9% |
| Financial debts | 43 | €101,625 | - | -€101,625 | |
| Credit institutions | 430/8 | €101,625 | - | -€101,625 | |
| Trade debts | 44 | €4,805 | €4,772 | -€33 | -0.7% |
| Suppliers | 440/4 | €4,805 | €4,772 | -€33 | -0.7% |
| Taxes, remuneration and social security | 45 | €37,559 | €50,019 | +€12,460 | +33.2% |
| Taxes | 450/3 | €8,057 | €13,741 | +€5,683 | +70.5% |
| Remuneration and social security | 454/9 | €29,502 | €36,278 | +€6,777 | +23.0% |
| Other amounts payable | 47/48 | €152,676 | €120,996 | -€31,681 | -20.8% |
| Non-recurring operating income | 76A | €6,519 | €2,893 | -€3,626 | -55.6% |
| Remuneration, social security and pensions | 62 | €352,128 | €378,722 | +€26,594 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,717 | €76,475 | +€2,758 | +3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,000 | - | -€2,000 | |
| Other operating charges | 640/8 | €6,773 | €5,426 | -€1,348 | -19.9% |
| Non-recurring operating charges | 66A | €10,746 | €525 | -€10,221 | -95.1% |
| Gross operating margin | 9900 | €482,169 | €516,861 | +€34,692 | +7.2% |
| Operating profit (loss) | 9901 | €36,805 | €55,713 | +€18,908 | +51.4% |
| Financial income | 75/76B | €1,440 | €5,729 | +€4,290 | +298% |
| Recurring financial income | 75 | €1,440 | €559 | -€880 | -61.1% |
| Non-recurring financial income | 76B | - | €5,170 | +€5,170 | |
| Financial charges | 65/66B | €20,578 | €24,135 | +€3,557 | +17.3% |
| Recurring financial charges | 65 | €20,578 | €24,135 | +€3,557 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €17,667 | €37,308 | +€19,641 | +111% |
| Income taxes | 67/77 | €6,300 | €11,687 | +€5,387 | +85.5% |
| Profit (loss) for the period | 9904 | €11,367 | €25,621 | +€14,254 | +125% |
| Profit (loss) for the period to be appropriated | 9905 | €11,367 | €25,621 | +€14,254 | +125% |
Next steps
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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 2 November 2026 via checked.be.