IT VOLK: 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.
IT VOLK
Largest movements
- Receivables within one year +€25,771
up €25,771 (+48.2%), from €53,475 to €79,247
of which Other amounts receivable: +€31,572
- Deferred charges and accrued income -€6,624
down €6,624 (-60.2%), from €11,006 to €4,382
- Current investments +€4,951
up €4,951 (+15.0%), from €33,110 to €38,061
- Cash -€4,387
down €4,387 (-24.9%), from €17,586 to €13,199
mainly Contributions, distributions and other (-€122,809) and Receivables within one year (-€25,771)
- Intangible fixed assets +€3,474
new in 2025: €3,474
- Other debts +€101,075
up €101,075 (+241%), from €41,992 to €143,067
- Profit (loss) carried forward -€72,580
down €72,580, from €72,561 to -€19
- Accrued charges and deferred income -€3,816
down €3,816 (-100%), from €3,816 to €0
- Debts after one year -€3,756
down €3,756 (-12.6%), from €29,794 to €26,038
- Gross operating margin -€25,914
down €25,914 (-19.6%), from €132,342 to €106,428
- Taxes -€7,020
down €7,020 (-33.1%), from €21,203 to €14,183
- Staff costs +€5,490
up €5,490 (+19.3%), from €28,505 to €33,994
- Depreciation +€2,484
up €2,484 (+48.5%), from €5,117 to €7,601
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 | €164,672 | €185,274 | +€20,603 | +12.5% |
| Fixed assets | 21/28 | €49,495 | €50,386 | +€891 | +1.8% |
| Intangible fixed assets | 21 | - | €3,474 | +€3,474 | |
| Tangible fixed assets | 22/27 | €48,745 | €46,162 | -€2,583 | -5.3% |
| Land and buildings | 22 | €38,238 | €35,304 | -€2,933 | -7.7% |
| Plant, machinery and equipment | 23 | €4,313 | €7,100 | +€2,787 | +64.6% |
| Furniture and vehicles | 24 | €6,194 | €3,758 | -€2,436 | -39.3% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €115,176 | €134,888 | +€19,712 | +17.1% |
| Amounts receivable within one year | 40/41 | €53,475 | €79,247 | +€25,771 | +48.2% |
| Trade receivables | 40 | €34,408 | €28,608 | -€5,800 | -16.9% |
| Other amounts receivable | 41 | €19,067 | €50,639 | +€31,572 | +166% |
| Current investments | 50/53 | €33,110 | €38,061 | +€4,951 | +15.0% |
| Cash at bank and in hand | 54/58 | €17,586 | €13,199 | -€4,387 | -24.9% |
| Deferred charges and accrued income | 490/1 | €11,006 | €4,382 | -€6,624 | -60.2% |
| Total equity and liabilities | 10/49 | €164,672 | €185,274 | +€20,603 | +12.5% |
| Equity | 10/15 | €75,061 | €2,481 | -€72,580 | -96.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,561 | -€19 | -€72,580 | |
| Amounts payable | 17/49 | €89,610 | €182,793 | +€93,183 | +104% |
| Amounts payable after more than one year | 17 | €29,794 | €26,038 | -€3,756 | -12.6% |
| Financial debts | 170/4 | €29,794 | €26,038 | -€3,756 | -12.6% |
| Amounts payable within one year | 42/48 | €56,001 | €156,755 | +€100,755 | +180% |
| Current portion of amounts payable after more than one year | 42 | €3,622 | €3,756 | +€134 | +3.7% |
| Financial debts | 43 | €1,614 | €0 | -€1,614 | -100% |
| Credit institutions | 430/8 | €1,614 | €0 | -€1,614 | -100% |
| Trade debts | 44 | €1,873 | €3,008 | +€1,135 | +60.6% |
| Suppliers | 440/4 | €1,873 | €3,008 | +€1,135 | +60.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,899 | €6,925 | +€25 | +0.4% |
| Taxes | 450/3 | €2,229 | €2,467 | +€237 | +10.7% |
| Remuneration and social security | 454/9 | €4,670 | €4,458 | -€212 | -4.5% |
| Other amounts payable | 47/48 | €41,992 | €143,067 | +€101,075 | +241% |
| Accrued charges and deferred income | 492/3 | €3,816 | €0 | -€3,816 | -100% |
| Remuneration, social security and pensions | 62 | €28,505 | €33,994 | +€5,490 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,117 | €7,601 | +€2,484 | +48.5% |
| Other operating charges | 640/8 | €463 | €475 | +€12 | +2.7% |
| Gross operating margin | 9900 | €132,342 | €106,428 | -€25,914 | -19.6% |
| Operating profit (loss) | 9901 | €98,258 | €64,358 | -€33,900 | -34.5% |
| Financial income | 75/76B | €809 | €1,327 | +€518 | +64.0% |
| Recurring financial income | 75 | €809 | €326 | -€483 | -59.7% |
| Non-recurring financial income | 76B | - | €1,001 | +€1,001 | |
| Financial charges | 65/66B | €1,802 | €1,273 | -€530 | -29.4% |
| Recurring financial charges | 65 | €1,802 | €1,273 | -€530 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €97,265 | €64,412 | -€32,852 | -33.8% |
| Income taxes | 67/77 | €21,203 | €14,183 | -€7,020 | -33.1% |
| Profit (loss) for the period | 9904 | €76,061 | €50,229 | -€25,832 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €76,061 | €50,229 | -€25,832 | -34.0% |
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 31 October 2026 via checked.be.