Van der Volpi: 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.
Van der Volpi
Largest movements
- Cash +€10,992
up €10,992 (+109%), from €10,101 to €21,093
mainly Net result for the year (+€13,271) and Advances received (+€1,601)
- Tangible fixed assets +€2,774
new in 2025: €2,774
- Receivables within one year +€646
up €646 (+2.9%), from €22,644 to €23,290
of which Other amounts receivable: +€6,210
- Reserves +€13,271
up €13,271 (+46.1%), from €28,790 to €42,061
- Advances received +€1,601
new in 2025: €1,601
- Other debts -€799
down €799 (-96.9%), from €824 to €26
- Trade debts +€608
up €608 (+196%), from €311 to €920
- Gross operating margin -€20,686
down €20,686 (-52.7%), from €39,279 to €18,593
- Taxes -€4,270
down €4,270 (-47.2%), from €9,054 to €4,783
- Financial income +€1,507
up €1,507 (+15,071,000%), from €0 to €1,507
- Depreciation +€501
new in 2025: €501
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 | €34,366 | €49,022 | +€14,656 | +42.6% |
| Fixed assets | 21/28 | - | €2,774 | +€2,774 | |
| Tangible fixed assets | 22/27 | - | €2,774 | +€2,774 | |
| Furniture and vehicles | 24 | - | €2,774 | +€2,774 | |
| Current assets | 29/58 | €34,366 | €46,247 | +€11,881 | +34.6% |
| Amounts receivable within one year | 40/41 | €22,644 | €23,290 | +€646 | +2.9% |
| Trade receivables | 40 | €21,697 | €16,133 | -€5,564 | -25.6% |
| Other amounts receivable | 41 | €946 | €7,156 | +€6,210 | +656% |
| Cash at bank and in hand | 54/58 | €10,101 | €21,093 | +€10,992 | +109% |
| Deferred charges and accrued income | 490/1 | €1,622 | €1,865 | +€243 | +15.0% |
| Total equity and liabilities | 10/49 | €34,366 | €49,022 | +€14,656 | +42.6% |
| Equity | 10/15 | €30,790 | €44,061 | +€13,271 | +43.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €28,790 | €42,061 | +€13,271 | +46.1% |
| Distributable reserves | 133 | €28,790 | €42,061 | +€13,271 | +46.1% |
| Amounts payable | 17/49 | €3,577 | €4,961 | +€1,384 | +38.7% |
| Amounts payable within one year | 42/48 | €3,577 | €4,961 | +€1,384 | +38.7% |
| Trade debts | 44 | €311 | €920 | +€608 | +196% |
| Suppliers | 440/4 | €311 | €920 | +€608 | +196% |
| Advances received on contracts in progress | 46 | - | €1,601 | +€1,601 | |
| Taxes, remuneration and social security | 45 | €2,441 | €2,415 | -€26 | -1.1% |
| Taxes | 450/3 | €2,441 | €2,415 | -€26 | -1.1% |
| Other amounts payable | 47/48 | €824 | €26 | -€799 | -96.9% |
| Remuneration, social security and pensions | 62 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €501 | +€501 | |
| Other operating charges | 640/8 | €151 | €377 | +€226 | +149% |
| Gross operating margin | 9900 | €39,279 | €18,593 | -€20,686 | -52.7% |
| Operating profit (loss) | 9901 | €38,628 | €17,216 | -€21,413 | -55.4% |
| Financial income | 75/76B | €0 | €1,507 | +€1,507 | +15,071,000% |
| Recurring financial income | 75 | €0 | €1,507 | +€1,507 | +15,071,000% |
| Financial charges | 65/66B | €785 | €668 | -€117 | -14.9% |
| Recurring financial charges | 65 | €785 | €668 | -€117 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €37,843 | €18,055 | -€19,789 | -52.3% |
| Income taxes | 67/77 | €9,054 | €4,783 | -€4,270 | -47.2% |
| Profit (loss) for the period | 9904 | €28,790 | €13,271 | -€15,518 | -53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,790 | €13,271 | -€15,518 | -53.9% |
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 27 October 2026 via checked.be.