Florent Volckaert: 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.
Florent Volckaert
Largest movements
- Current investments -€15,736
down €15,736 (-75.5%), from €20,856 to €5,120
- Tangible fixed assets +€4,677
up €4,677 (+28.6%), from €16,334 to €21,011
of which Other tangible fixed assets: +€3,642
- Cash +€1,513
up €1,513 (+3.8%), from €39,884 to €41,397
mainly Net result for the year (+€61,564) and Other debts (+€36,918)
- Receivables within one year +€1,358
up €1,358 (+5.8%), from €23,433 to €24,791
of which Other amounts receivable: +€1,400
- Profit (loss) carried forward -€47,436
down €47,436 (-70.0%), from €67,748 to €20,311
- Other debts +€36,918
up €36,918 (+577%), from €6,398 to €43,316
- Tax, wage and social debts +€2,136
up €2,136 (+26.1%), from €8,175 to €10,311
- Financial charges -€1,098
down €1,098 (-67.3%), from €1,631 to €533
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 | €102,964 | €94,748 | -€8,216 | -8.0% |
| Fixed assets | 21/28 | €16,334 | €21,011 | +€4,677 | +28.6% |
| Tangible fixed assets | 22/27 | €16,334 | €21,011 | +€4,677 | +28.6% |
| Plant, machinery and equipment | 23 | €3,860 | €3,792 | -€68 | -1.8% |
| Furniture and vehicles | 24 | €7,622 | €8,725 | +€1,103 | +14.5% |
| Other tangible fixed assets | 26 | €4,852 | €8,494 | +€3,642 | +75.1% |
| Current assets | 29/58 | €86,630 | €73,737 | -€12,893 | -14.9% |
| Amounts receivable within one year | 40/41 | €23,433 | €24,791 | +€1,358 | +5.8% |
| Trade receivables | 40 | €42 | €0 | -€42 | -100% |
| Other amounts receivable | 41 | €23,391 | €24,791 | +€1,400 | +6.0% |
| Current investments | 50/53 | €20,856 | €5,120 | -€15,736 | -75.5% |
| Cash at bank and in hand | 54/58 | €39,884 | €41,397 | +€1,513 | +3.8% |
| Deferred charges and accrued income | 490/1 | €2,457 | €2,430 | -€27 | -1.1% |
| Total equity and liabilities | 10/49 | €102,964 | €94,748 | -€8,216 | -8.0% |
| Equity | 10/15 | €87,586 | €40,150 | -€47,436 | -54.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,288 | €1,288 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,288 | €1,288 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,288 | €1,288 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,748 | €20,311 | -€47,436 | -70.0% |
| Amounts payable | 17/49 | €15,378 | €54,598 | +€39,220 | +255% |
| Amounts payable within one year | 42/48 | €15,378 | €54,598 | +€39,220 | +255% |
| Financial debts | 43 | €64 | €568 | +€504 | +784% |
| Credit institutions | 430/8 | €64 | €568 | +€504 | +784% |
| Trade debts | 44 | €740 | €402 | -€337 | -45.6% |
| Suppliers | 440/4 | €740 | €402 | -€337 | -45.6% |
| Taxes, remuneration and social security | 45 | €8,175 | €10,311 | +€2,136 | +26.1% |
| Taxes | 450/3 | €8,175 | €10,311 | +€2,136 | +26.1% |
| Other amounts payable | 47/48 | €6,398 | €43,316 | +€36,918 | +577% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,823 | €12,118 | -€705 | -5.5% |
| Other operating charges | 640/8 | €708 | €730 | +€22 | +3.1% |
| Non-recurring operating charges | 66A | - | €5,000 | +€5,000 | |
| Gross operating margin | 9900 | €94,115 | €94,436 | +€321 | +0.3% |
| Operating profit (loss) | 9901 | €80,584 | €76,587 | -€3,996 | -5.0% |
| Financial income | 75/76B | €1,323 | €1,347 | +€25 | +1.9% |
| Recurring financial income | 75 | €1,323 | €1,347 | +€25 | +1.9% |
| Financial charges | 65/66B | €1,631 | €533 | -€1,098 | -67.3% |
| Recurring financial charges | 65 | €1,631 | €533 | -€1,098 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | €80,276 | €77,402 | -€2,874 | -3.6% |
| Income taxes | 67/77 | €16,506 | €15,838 | -€668 | -4.0% |
| Profit (loss) for the period | 9904 | €63,770 | €61,564 | -€2,206 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,770 | €61,564 | -€2,206 | -3.5% |
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 17 October 2026 via checked.be.