VOL-IMO: 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.
VOL-IMO
Largest movements
- Receivables within one year +€6,325
up €6,325 (+11.0%), from €57,648 to €63,973
- Profit (loss) carried forward +€4,754
up €4,754 (+1.0%), from -€483,240 to -€478,487
- Trade debts +€1,414
up €1,414 (+123.4%), from €1,145 to €2,559
- Gross operating margin +€625
up €625 (+22.4%), from €2,798 to €3,423
- Depreciation -€460
down €460 (-37.1%), from €1,240 to €780
- Financial charges -€289
down €289 (-83.9%), from €344 to €55
- Financial income +€79
up €79 (+2.3%), from €3,403 to €3,481
- Other operating charges +€38
up €38 (+3.0%), from €1,277 to €1,315
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 | €125,581 | €131,700 | +€6,119 | +4.9% |
| Fixed assets | 21/28 | €67,933 | €67,153 | -€780 | -1.1% |
| Tangible fixed assets | 22/27 | €67,933 | €67,153 | -€780 | -1.1% |
| Land and buildings | 22 | €65,357 | €65,357 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,576 | €1,795 | -€780 | -30.3% |
| Current assets | 29/58 | €57,648 | €64,548 | +€6,899 | +12.0% |
| Amounts receivable within one year | 40/41 | €57,648 | €63,973 | +€6,325 | +11.0% |
| Other amounts receivable | 41 | €57,648 | €63,973 | +€6,325 | +11.0% |
| Cash at bank and in hand | 54/58 | - | €575 | +€575 | |
| Total equity and liabilities | 10/49 | €125,581 | €131,700 | +€6,119 | +4.9% |
| Equity | 10/15 | €123,819 | €128,572 | +€4,754 | +3.8% |
| Contributions | 10/11 | €607,059 | €607,059 | = | 0.0% |
| Outside capital | 11 | €607,059 | €607,059 | = | 0.0% |
| Other | 1109/19 | €607,059 | €607,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€483,240 | -€478,487 | +€4,754 | +1.0% |
| Amounts payable | 17/49 | €1,763 | €3,128 | +€1,365 | +77.5% |
| Amounts payable within one year | 42/48 | €1,763 | €3,128 | +€1,365 | +77.5% |
| Current portion of amounts payable after more than one year | 42 | €569 | €569 | = | 0.0% |
| Financial debts | 43 | €48 | - | -€48 | |
| Credit institutions | 430/8 | €48 | - | -€48 | |
| Trade debts | 44 | €1,145 | €2,559 | +€1,414 | +123.4% |
| Suppliers | 440/4 | €1,145 | €2,559 | +€1,414 | +123.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,240 | €780 | -€460 | -37.1% |
| Other operating charges | 640/8 | €1,277 | €1,315 | +€38 | +3.0% |
| Gross operating margin | 9900 | €2,798 | €3,423 | +€625 | +22.4% |
| Operating profit (loss) | 9901 | €281 | €1,328 | +€1,047 | +371.9% |
| Financial income | 75/76B | €3,403 | €3,481 | +€79 | +2.3% |
| Recurring financial income | 75 | €3,403 | €3,481 | +€79 | +2.3% |
| Financial charges | 65/66B | €344 | €55 | -€289 | -83.9% |
| Recurring financial charges | 65 | €344 | €55 | -€289 | -83.9% |
| Profit (loss) for the period before taxes | 9903 | €3,340 | €4,754 | +€1,414 | +42.3% |
| Profit (loss) for the period | 9904 | €3,340 | €4,754 | +€1,414 | +42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,340 | €4,754 | +€1,414 | +42.3% |
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 28 September 2026 via checked.be.