U-Volt: what changed
Two fiscal 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.
U-Volt
Largest movements
- Receivables within one year -€57,208
down €57,208 (-14.1%), from €406,723 to €349,516
of which Trade receivables: -€70,706
- Tangible fixed assets +€32,058
up €32,058 (+71.1%), from €45,111 to €77,169
of which Plant, machinery and equipment: +€70,493
- Deferred charges and accrued income +€10,996
up €10,996 (+146.0%), from €7,531 to €18,526
- Profit (loss) carried forward -€458,158
down €458,158 (-55.9%), from -€820,107 to -€1.3m
- Trade debts +€302,396
up €302,396 (+839.4%), from €36,025 to €338,421
- Other debts +€209,787
up €209,787 (+19.0%), from €1.1m to €1.3m
- Tax, wage and social debts -€63,882
down €63,882 (-83.4%), from €76,591 to €12,709
of which Taxes: -€68,944
- Gross operating margin -€593,198
down €593,198, from €358,109 to -€235,089
- Purchases and services +€487,207
up €487,207 (+226.8%), from €214,853 to €702,060
- Turnover -€400,045
down €400,045 (-51.4%), from €778,494 to €378,448
- Staff costs -€77,795
down €77,795 (-39.3%), from €198,174 to €120,379
- Depreciation +€7,829
up €7,829 (+71.7%), from €10,912 to €18,741
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.
Cash bridge derived
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 | €464,482 | €454,624 | -€9,858 | -2.1% |
| Fixed assets | 21/28 | €45,111 | €77,169 | +€32,058 | +71.1% |
| Tangible fixed assets | 22/27 | €45,111 | €77,169 | +€32,058 | +71.1% |
| Plant, machinery and equipment | 23 | €6,676 | €77,169 | +€70,493 | +1055.9% |
| Furniture and vehicles | 24 | €15,808 | - | -€15,808 | |
| Other tangible fixed assets | 26 | €22,626 | - | -€22,626 | |
| Current assets | 29/58 | €419,371 | €377,455 | -€41,916 | -10.0% |
| Stocks and contracts in progress | 3 | - | €3,155 | +€3,155 | |
| Stocks | 30/36 | - | €3,155 | +€3,155 | |
| Amounts receivable within one year | 40/41 | €406,723 | €349,516 | -€57,208 | -14.1% |
| Trade receivables | 40 | €394,959 | €324,254 | -€70,706 | -17.9% |
| Other amounts receivable | 41 | €11,764 | €25,262 | +€13,498 | +114.7% |
| Cash at bank and in hand | 54/58 | €5,117 | €6,258 | +€1,141 | +22.3% |
| Deferred charges and accrued income | 490/1 | €7,531 | €18,526 | +€10,996 | +146.0% |
| Total equity and liabilities | 10/49 | €464,482 | €454,624 | -€9,858 | -2.1% |
| Equity | 10/15 | -€751,907 | -€1,210,065 | -€458,158 | -60.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€820,107 | -€1,278,265 | -€458,158 | -55.9% |
| Amounts payable | 17/49 | €1,216,388 | €1,664,689 | +€448,301 | +36.9% |
| Amounts payable within one year | 42/48 | €1,216,388 | €1,664,689 | +€448,301 | +36.9% |
| Trade debts | 44 | €36,025 | €338,421 | +€302,396 | +839.4% |
| Suppliers | 440/4 | €36,025 | €338,421 | +€302,396 | +839.4% |
| Taxes, remuneration and social security | 45 | €76,591 | €12,709 | -€63,882 | -83.4% |
| Taxes | 450/3 | €69,360 | €417 | -€68,944 | -99.4% |
| Remuneration and social security | 454/9 | €7,230 | €12,293 | +€5,062 | +70.0% |
| Other amounts payable | 47/48 | €1,103,773 | €1,313,559 | +€209,787 | +19.0% |
| Turnover | 70 | €778,494 | €378,448 | -€400,045 | -51.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €214,853 | €702,060 | +€487,207 | +226.8% |
| Remuneration, social security and pensions | 62 | €198,174 | €120,379 | -€77,795 | -39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,912 | €18,741 | +€7,829 | +71.7% |
| Other operating charges | 640/8 | €1,782 | €1,880 | +€97 | +5.4% |
| Non-recurring operating charges | 66A | - | €33,627 | +€33,627 | |
| Gross operating margin | 9900 | €358,109 | -€235,089 | -€593,198 | |
| Operating profit (loss) | 9901 | €147,241 | -€409,716 | -€556,957 | |
| Financial charges | 65/66B | €55,825 | €48,236 | -€7,589 | -13.6% |
| Recurring financial charges | 65 | €55,825 | €48,236 | -€7,589 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €91,416 | -€457,952 | -€549,368 | |
| Income taxes | 67/77 | €489 | €207 | -€283 | -57.8% |
| Profit (loss) for the period | 9904 | €90,927 | -€458,158 | -€549,085 | |
| Profit (loss) for the period to be appropriated | 9905 | €90,927 | -€458,158 | -€549,085 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.