High Volt Quality: 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.
High Volt Quality
Largest movements
- Receivables within one year +€19,246
up €19,246 (+76.7%), from €25,089 to €44,335
of which Other amounts receivable: +€42,954
- Cash -€10,402
down €10,402 (-67.9%), from €15,327 to €4,925
mainly Receivables within one year (-€19,246) and Deferred charges and accrued income (-€33)
- Tangible fixed assets -€4,044
down €4,044 (-31.7%), from €12,770 to €8,726
- Debts within one year +€2,826
up €2,826 (+25.5%), from €11,088 to €13,914
of which Other debts: +€5,825
- Reserves +€1,973
up €1,973 (+4.7%), from €42,131 to €44,104
- Turnover -€81,546
no longer reported in 2021 (was €81,546)
- Gross operating margin -€14,884
down €14,884 (-61.1%), from €24,354 to €9,470
- Taxes +€2,931
up €2,931 (+241%), from €1,217 to €4,148
- Financial income +€1,946
new in 2021: €1,946
- Other operating charges +€1,159
new in 2021: €1,159
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,219 | €58,018 | +€4,799 | +9.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €12,770 | €8,726 | -€4,044 | -31.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €12,770 | €8,726 | -€4,044 | -31.7% |
| Furniture and vehicles | 24 | - | €8,726 | +€8,726 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €40,449 | €49,293 | +€8,844 | +21.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €25,089 | €44,335 | +€19,246 | +76.7% |
| Trade receivables | 40 | - | €1,381 | +€1,381 | |
| Other amounts receivable | 41 | - | €42,954 | +€42,954 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €15,327 | €4,925 | -€10,402 | -67.9% |
| Deferred charges and accrued income | 490/1 | - | €33 | +€33 | |
| Total equity and liabilities | 10/49 | €53,219 | €58,018 | +€4,799 | +9.0% |
| Equity | 10/15 | €42,131 | €44,104 | +€1,973 | +4.7% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €42,131 | €44,104 | +€1,973 | +4.7% |
| Distributable reserves | 133 | - | €44,104 | +€44,104 | |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €11,088 | €13,914 | +€2,826 | +25.5% |
| Amounts payable within one year | 42/48 | €11,088 | €13,914 | +€2,826 | +25.5% |
| Trade debts | 44 | €266 | €4,507 | +€4,241 | +1,594% |
| Suppliers | 440/4 | - | €4,507 | +€4,507 | |
| Advances received on contracts in progress | 46 | - | €2,050 | +€2,050 | |
| Taxes, remuneration and social security | 45 | - | €1,532 | +€1,532 | |
| Taxes | 450/3 | - | €1,532 | +€1,532 | |
| Other amounts payable | 47/48 | - | €5,825 | +€5,825 | |
| Turnover | 70 | €81,546 | - | -€81,546 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,044 | €4,044 | +€0 | 0.0% |
| Other operating charges | 640/8 | - | €1,159 | +€1,159 | |
| Gross operating margin | 9900 | €24,354 | €9,470 | -€14,884 | -61.1% |
| Operating profit (loss) | 9901 | €19,112 | €4,266 | -€14,846 | -77.7% |
| Financial income | 75/76B | - | €1,946 | +€1,946 | |
| Recurring financial income | 75 | €0 | €1,946 | +€1,946 | |
| Financial charges | 65/66B | - | €91 | +€91 | |
| Recurring financial charges | 65 | €595 | €91 | -€504 | -84.8% |
| Profit (loss) for the period before taxes | 9903 | €18,517 | €6,122 | -€12,395 | -66.9% |
| Income taxes | 67/77 | €1,217 | €4,148 | +€2,931 | +241% |
| Profit (loss) for the period | 9904 | €17,300 | €1,973 | -€15,327 | -88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,300 | €1,973 | -€15,327 | -88.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.