VOLA: 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.
VOLA
Largest movements
- Tangible fixed assets -€7,235
down €7,235 (-2.1%), from €337,912 to €330,677
of which Land and buildings: -€3,882
- Debts after one year -€11,533
down €11,533 (-50.0%), from €23,067 to €11,534
- Other debts -€5,290
down €5,290 (-2.2%), from €236,197 to €230,907
- Depreciation -€3,882
down €3,882 (-34.9%), from €11,117 to €7,235
- Taxes +€1,711
up €1,711 (+636.1%), from €269 to €1,980
- Gross operating margin +€1,368
up €1,368 (+8.4%), from €16,378 to €17,746
- Financial charges -€425
down €425 (-24.2%), from €1,756 to €1,331
- Other operating charges -€299
down €299 (-8.8%), from €3,398 to €3,099
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 | €343,358 | €333,345 | -€10,013 | -2.9% |
| Fixed assets | 21/28 | €337,912 | €330,677 | -€7,235 | -2.1% |
| Tangible fixed assets | 22/27 | €337,912 | €330,677 | -€7,235 | -2.1% |
| Land and buildings | 22 | €329,807 | €325,925 | -€3,882 | -1.2% |
| Plant, machinery and equipment | 23 | €8,105 | €4,752 | -€3,353 | -41.4% |
| Current assets | 29/58 | €5,446 | €2,668 | -€2,778 | -51.0% |
| Cash at bank and in hand | 54/58 | €5,245 | €2,467 | -€2,778 | -53.0% |
| Deferred charges and accrued income | 490/1 | €201 | €201 | = | 0.0% |
| Total equity and liabilities | 10/49 | €343,358 | €333,345 | -€10,013 | -2.9% |
| Equity | 10/15 | €66,302 | €70,403 | +€4,101 | +6.2% |
| 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 | €7,024 | €8,403 | +€1,379 | +19.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €824 | €2,203 | +€1,379 | +167.4% |
| Profit (loss) carried forward | 14 | -€2,722 | - | +€2,722 | |
| Amounts payable | 17/49 | €277,056 | €262,942 | -€14,114 | -5.1% |
| Amounts payable after more than one year | 17 | €23,067 | €11,534 | -€11,533 | -50.0% |
| Financial debts | 170/4 | €23,067 | €11,534 | -€11,533 | -50.0% |
| Amounts payable within one year | 42/48 | €253,989 | €251,408 | -€2,581 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €11,533 | €11,533 | = | 0.0% |
| Trade debts | 44 | €5,984 | €6,713 | +€729 | +12.2% |
| Suppliers | 440/4 | €5,984 | €6,713 | +€729 | +12.2% |
| Taxes, remuneration and social security | 45 | €275 | €2,255 | +€1,980 | +720.0% |
| Taxes | 450/3 | €275 | €2,255 | +€1,980 | +720.0% |
| Other amounts payable | 47/48 | €236,197 | €230,907 | -€5,290 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,117 | €7,235 | -€3,882 | -34.9% |
| Other operating charges | 640/8 | €3,398 | €3,099 | -€299 | -8.8% |
| Gross operating margin | 9900 | €16,378 | €17,746 | +€1,368 | +8.4% |
| Operating profit (loss) | 9901 | €1,863 | €7,412 | +€5,549 | +297.9% |
| Financial charges | 65/66B | €1,756 | €1,331 | -€425 | -24.2% |
| Recurring financial charges | 65 | €1,756 | €1,331 | -€425 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €107 | €6,081 | +€5,974 | +5583.2% |
| Income taxes | 67/77 | €269 | €1,980 | +€1,711 | +636.1% |
| Profit (loss) for the period | 9904 | -€162 | €4,101 | +€4,263 | |
| Profit (loss) for the period to be appropriated | 9905 | -€162 | €4,101 | +€4,263 |
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 6 October 2026 via checked.be.