DE VOLKSBOND: 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 VOLKSBOND
Largest movements
- Receivables within one year +€70,810
up €70,810 (+17.2%), from €411,788 to €482,598
of which Other amounts receivable: +€65,595
- Deferred charges and accrued income -€67,717
down €67,717 (-97.8%), from €69,206 to €1,489
- Cash -€13,914
down €13,914 (-89.8%), from €15,486 to €1,572
mainly Receivables within one year (-€70,810) and Trade debts (-€46,705)
- Intangible fixed assets -€10,533
down €10,533 (-10.2%), from €103,542 to €93,009
- Trade debts -€46,705
down €46,705 (-57.7%), from €80,887 to €34,183
- Reserves +€28,686
up €28,686 (+7.3%), from €392,550 to €421,236
- Gross operating margin -€45,300
down €45,300 (-33.3%), from €135,989 to €90,689
- Taxes -€10,673
down €10,673 (-36.4%), from €29,294 to €18,621
- Depreciation +€8,481
up €8,481 (+119%), from €7,120 to €15,602
- Staff costs +€3,934
up €3,934 (+10.7%), from €36,623 to €40,557
- Financial income +€2,194
up €2,194 (+10.6%), from €20,749 to €22,942
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 | €627,268 | €599,139 | -€28,129 | -4.5% |
| Fixed assets | 21/28 | €125,357 | €109,755 | -€15,602 | -12.4% |
| Intangible fixed assets | 21 | €103,542 | €93,009 | -€10,533 | -10.2% |
| Tangible fixed assets | 22/27 | €12,730 | €7,661 | -€5,069 | -39.8% |
| Land and buildings | 22 | €1,789 | €1,528 | -€261 | -14.6% |
| Plant, machinery and equipment | 23 | €6,174 | €2,998 | -€3,175 | -51.4% |
| Furniture and vehicles | 24 | €4,767 | €3,135 | -€1,632 | -34.2% |
| Financial fixed assets | 28 | €9,086 | €9,086 | = | 0.0% |
| Current assets | 29/58 | €501,911 | €489,384 | -€12,527 | -2.5% |
| Stocks and contracts in progress | 3 | €5,430 | €3,725 | -€1,705 | -31.4% |
| Stocks | 30/36 | €5,430 | €3,725 | -€1,705 | -31.4% |
| Amounts receivable within one year | 40/41 | €411,788 | €482,598 | +€70,810 | +17.2% |
| Trade receivables | 40 | - | €5,214 | +€5,214 | |
| Other amounts receivable | 41 | €411,788 | €477,384 | +€65,595 | +15.9% |
| Cash at bank and in hand | 54/58 | €15,486 | €1,572 | -€13,914 | -89.8% |
| Deferred charges and accrued income | 490/1 | €69,206 | €1,489 | -€67,717 | -97.8% |
| Total equity and liabilities | 10/49 | €627,268 | €599,139 | -€28,129 | -4.5% |
| Equity | 10/15 | €398,950 | €427,636 | +€28,686 | +7.2% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €392,550 | €421,236 | +€28,686 | +7.3% |
| Distributable reserves | 133 | €392,550 | €421,236 | +€28,686 | +7.3% |
| Amounts payable | 17/49 | €228,318 | €171,503 | -€56,815 | -24.9% |
| Amounts payable within one year | 42/48 | €222,312 | €170,867 | -€51,445 | -23.1% |
| Trade debts | 44 | €80,887 | €34,183 | -€46,705 | -57.7% |
| Suppliers | 440/4 | €80,887 | €34,183 | -€46,705 | -57.7% |
| Advances received on contracts in progress | 46 | €1,361 | - | -€1,361 | |
| Taxes, remuneration and social security | 45 | €135,812 | €136,685 | +€872 | +0.6% |
| Taxes | 450/3 | €122,264 | €136,685 | +€14,421 | +11.8% |
| Remuneration and social security | 454/9 | €13,549 | - | -€13,549 | |
| Other amounts payable | 47/48 | €4,251 | - | -€4,251 | |
| Accrued charges and deferred income | 492/3 | €6,006 | €636 | -€5,370 | -89.4% |
| Remuneration, social security and pensions | 62 | €36,623 | €40,557 | +€3,934 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,120 | €15,602 | +€8,481 | +119% |
| Other operating charges | 640/8 | €2,117 | €3,231 | +€1,114 | +52.6% |
| Gross operating margin | 9900 | €135,989 | €90,689 | -€45,300 | -33.3% |
| Operating profit (loss) | 9901 | €90,128 | €31,298 | -€58,830 | -65.3% |
| Financial income | 75/76B | €20,749 | €22,942 | +€2,194 | +10.6% |
| Recurring financial income | 75 | €20,749 | €22,942 | +€2,194 | +10.6% |
| Financial charges | 65/66B | €8,476 | €6,933 | -€1,543 | -18.2% |
| Recurring financial charges | 65 | €8,476 | €6,933 | -€1,543 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €102,400 | €47,307 | -€55,093 | -53.8% |
| Income taxes | 67/77 | €29,294 | €18,621 | -€10,673 | -36.4% |
| Profit (loss) for the period | 9904 | €73,106 | €28,686 | -€44,420 | -60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €73,106 | €28,686 | -€44,420 | -60.8% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.