’T Voltje: 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.
’T Voltje
Largest movements
- Stocks and contracts -€277,508
down €277,508 (-98.6%), from €281,327 to €3,818
- Receivables within one year +€39,833
up €39,833 (+49.7%), from €80,131 to €119,963
of which Other amounts receivable: +€31,573
- Tangible fixed assets +€30,283
up €30,283 (+304%), from €9,958 to €40,241
of which Furniture and vehicles: +€31,405
- Short-term financial debts -€140,000
down €140,000 (-100%), from €140,000 to €0
- Reserves -€66,671
down €66,671 (-62.8%), from €106,143 to €39,472
- Debts after one year +€43,361
new in 2025: €43,361
- Trade debts -€34,475
down €34,475 (-30.4%), from €113,515 to €79,040
- Tax, wage and social debts -€15,534
down €15,534 (-99.5%), from €15,609 to €75
- Gross operating margin -€94,575
down €94,575, from €62,935 to -€31,640
- Financial charges +€6,779
up €6,779 (+35.9%), from €18,877 to €25,655
- Taxes -€6,669
down €6,669 (-95.5%), from €6,982 to €313
- Other operating charges -€4,000
down €4,000 (-49.4%), from €8,090 to €4,090
- Depreciation +€1,701
up €1,701 (+45.8%), from €3,714 to €5,415
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 | €389,831 | €178,392 | -€211,439 | -54.2% |
| Fixed assets | 21/28 | €9,958 | €40,241 | +€30,283 | +304% |
| Tangible fixed assets | 22/27 | €9,958 | €40,241 | +€30,283 | +304% |
| Plant, machinery and equipment | 23 | €4,735 | €3,613 | -€1,122 | -23.7% |
| Furniture and vehicles | 24 | €5,223 | €36,628 | +€31,405 | +601% |
| Current assets | 29/58 | €379,873 | €138,151 | -€241,722 | -63.6% |
| Stocks and contracts in progress | 3 | €281,327 | €3,818 | -€277,508 | -98.6% |
| Stocks | 30/36 | €281,327 | €3,818 | -€277,508 | -98.6% |
| Amounts receivable within one year | 40/41 | €80,131 | €119,963 | +€39,833 | +49.7% |
| Trade receivables | 40 | €80,131 | €88,390 | +€8,260 | +10.3% |
| Other amounts receivable | 41 | €0 | €31,573 | +€31,573 | |
| Cash at bank and in hand | 54/58 | €2,127 | €1,035 | -€1,092 | -51.3% |
| Deferred charges and accrued income | 490/1 | €16,289 | €13,334 | -€2,955 | -18.1% |
| Total equity and liabilities | 10/49 | €389,831 | €178,392 | -€211,439 | -54.2% |
| Equity | 10/15 | €112,143 | €45,472 | -€66,671 | -59.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €106,143 | €39,472 | -€66,671 | -62.8% |
| Distributable reserves | 133 | €106,143 | €39,472 | -€66,671 | -62.8% |
| Amounts payable | 17/49 | €277,688 | €132,920 | -€144,768 | -52.1% |
| Amounts payable after more than one year | 17 | - | €43,361 | +€43,361 | |
| Financial debts | 170/4 | - | €43,361 | +€43,361 | |
| Amounts payable within one year | 42/48 | €277,206 | €89,559 | -€187,647 | -67.7% |
| Current portion of amounts payable after more than one year | 42 | - | €10,331 | +€10,331 | |
| Financial debts | 43 | €140,000 | €0 | -€140,000 | -100% |
| Credit institutions | 430/8 | €140,000 | €0 | -€140,000 | -100% |
| Trade debts | 44 | €113,515 | €79,040 | -€34,475 | -30.4% |
| Suppliers | 440/4 | €113,515 | €79,040 | -€34,475 | -30.4% |
| Advances received on contracts in progress | 46 | €0 | €12 | +€12 | |
| Taxes, remuneration and social security | 45 | €15,609 | €75 | -€15,534 | -99.5% |
| Taxes | 450/3 | €15,609 | €75 | -€15,534 | -99.5% |
| Other amounts payable | 47/48 | €8,082 | €101 | -€7,981 | -98.8% |
| Accrued charges and deferred income | 492/3 | €482 | €0 | -€482 | -100% |
| Non-recurring operating income | 76A | - | €3,129 | +€3,129 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,714 | €5,415 | +€1,701 | +45.8% |
| Other operating charges | 640/8 | €8,090 | €4,090 | -€4,000 | -49.4% |
| Non-recurring operating charges | 66A | €1,809 | €0 | -€1,809 | -100% |
| Gross operating margin | 9900 | €62,935 | -€31,640 | -€94,575 | |
| Operating profit (loss) | 9901 | €49,322 | -€41,145 | -€90,467 | |
| Financial income | 75/76B | €149 | €442 | +€293 | +196% |
| Recurring financial income | 75 | €149 | €442 | +€293 | +196% |
| Financial charges | 65/66B | €18,877 | €25,655 | +€6,779 | +35.9% |
| Recurring financial charges | 65 | €18,877 | €25,655 | +€6,779 | +35.9% |
| Profit (loss) for the period before taxes | 9903 | €30,594 | -€66,358 | -€96,952 | |
| Income taxes | 67/77 | €6,982 | €313 | -€6,669 | -95.5% |
| Profit (loss) for the period | 9904 | €23,612 | -€66,671 | -€90,283 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,612 | -€66,671 | -€90,283 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.