De Volder & Co.: 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.
De Volder & Co.
Largest movements
- Receivables within one year -€114,629
down €114,629 (-25.8%), from €444,970 to €330,341
- Cash -€10,501
down €10,501 (-97.7%), from €10,743 to €242
mainly Contributions, distributions and other (-€119,000) and Tax, wage and social debts (-€10,629)
- Reserves -€118,671
down €118,671 (-31.0%), from €382,715 to €264,044
of which Distributable reserves: -€118,671
- Tax, wage and social debts -€10,629
down €10,629 (-100%), from €10,629 to €0
- Other debts +€4,580
new in 2025: €4,580
- Financial income -€31,163
down €31,163 (-88.9%), from €35,049 to €3,886
of which Non-recurring financial income: -€35,049
- Gross operating margin +€1,083
up €1,083 (+29.6%), from -€3,660 to -€2,577
- Taxes +€343
up €343, from -€343 to €0
- Financial charges +€141
up €141 (+53.1%), from €266 to €407
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 | €455,713 | €330,583 | -€125,130 | -27.5% |
| Current assets | 29/58 | €455,713 | €330,583 | -€125,130 | -27.5% |
| Amounts receivable within one year | 40/41 | €444,970 | €330,341 | -€114,629 | -25.8% |
| Other amounts receivable | 41 | €444,970 | €330,341 | -€114,629 | -25.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €10,743 | €242 | -€10,501 | -97.7% |
| Total equity and liabilities | 10/49 | €455,713 | €330,583 | -€125,130 | -27.5% |
| Equity | 10/15 | €444,215 | €325,544 | -€118,671 | -26.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €382,715 | €264,044 | -€118,671 | -31.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Own shares acquired | 1312 | €0 | - | = | |
| Distributable reserves | 133 | €376,565 | €257,894 | -€118,671 | -31.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,498 | €5,039 | -€6,459 | -56.2% |
| Amounts payable within one year | 42/48 | €11,498 | €5,039 | -€6,459 | -56.2% |
| Trade debts | 44 | €870 | €459 | -€410 | -47.2% |
| Suppliers | 440/4 | €870 | €459 | -€410 | -47.2% |
| Taxes, remuneration and social security | 45 | €10,629 | €0 | -€10,629 | -100% |
| Taxes | 450/3 | €10,629 | €0 | -€10,629 | -100% |
| Other amounts payable | 47/48 | - | €4,580 | +€4,580 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €556 | €572 | +€16 | +2.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€3,660 | -€2,577 | +€1,083 | +29.6% |
| Operating profit (loss) | 9901 | -€4,216 | -€3,149 | +€1,068 | +25.3% |
| Financial income | 75/76B | €35,049 | €3,886 | -€31,163 | -88.9% |
| Recurring financial income | 75 | €0 | €3,886 | +€3,886 | |
| Non-recurring financial income | 76B | €35,049 | €0 | -€35,049 | -100% |
| Financial charges | 65/66B | €266 | €407 | +€141 | +53.1% |
| Recurring financial charges | 65 | €266 | €407 | +€141 | +53.1% |
| Profit (loss) for the period before taxes | 9903 | €30,567 | €329 | -€30,237 | -98.9% |
| Income taxes | 67/77 | -€343 | €0 | +€343 | |
| Profit (loss) for the period | 9904 | €30,909 | €329 | -€30,580 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,909 | €329 | -€30,580 | -98.9% |
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 30 October 2026 via checked.be.