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
- Cash -€322,089
down €322,089 (-41.7%), from €772,970 to €450,881
mainly Other debts (-€615,806) and Trade debts (-€130,094)
- Receivables within one year -€100,854
down €100,854 (-35.3%), from €285,426 to €184,571
of which Trade receivables: -€129,637
- Tangible fixed assets +€35,964
new in 2025: €35,964
of which Furniture and vehicles: +€34,634
- Other debts -€615,806
down €615,806 (-86.3%), from €713,973 to €98,168
- Profit (loss) carried forward +€341,530
up €341,530 (+910.2%), from €37,522 to €379,051
- Trade debts -€130,094
down €130,094 (-50.9%), from €255,541 to €125,447
- Tax, wage and social debts +€22,785
up €22,785 (+44.1%), from €51,690 to €74,474
of which Taxes: +€22,785
- Gross operating margin -€122,975
down €122,975 (-12.3%), from €1.0m to €880,440
- Taxes -€38,047
down €38,047 (-24.5%), from €155,457 to €117,410
- Staff costs +€20,206
up €20,206 (+5.0%), from €406,262 to €426,468
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 | €1,088,726 | €711,141 | -€377,585 | -34.7% |
| Fixed assets | 21/28 | €19,732 | €55,696 | +€35,964 | +182.3% |
| Tangible fixed assets | 22/27 | - | €35,964 | +€35,964 | |
| Plant, machinery and equipment | 23 | - | €1,330 | +€1,330 | |
| Furniture and vehicles | 24 | - | €34,634 | +€34,634 | |
| Financial fixed assets | 28 | €19,732 | €19,732 | = | 0.0% |
| Current assets | 29/58 | €1,068,994 | €655,445 | -€413,550 | -38.7% |
| Amounts receivable within one year | 40/41 | €285,426 | €184,571 | -€100,854 | -35.3% |
| Trade receivables | 40 | €280,883 | €151,245 | -€129,637 | -46.2% |
| Other amounts receivable | 41 | €4,543 | €33,326 | +€28,783 | +633.6% |
| Cash at bank and in hand | 54/58 | €772,970 | €450,881 | -€322,089 | -41.7% |
| Deferred charges and accrued income | 490/1 | €10,599 | €19,992 | +€9,394 | +88.6% |
| Total equity and liabilities | 10/49 | €1,088,726 | €711,141 | -€377,585 | -34.7% |
| Equity | 10/15 | €59,522 | €401,051 | +€341,530 | +573.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,522 | €379,051 | +€341,530 | +910.2% |
| Amounts payable | 17/49 | €1,029,205 | €310,090 | -€719,115 | -69.9% |
| Amounts payable within one year | 42/48 | €1,021,205 | €298,090 | -€723,115 | -70.8% |
| Trade debts | 44 | €255,541 | €125,447 | -€130,094 | -50.9% |
| Suppliers | 440/4 | €255,541 | €125,447 | -€130,094 | -50.9% |
| Taxes, remuneration and social security | 45 | €51,690 | €74,474 | +€22,785 | +44.1% |
| Taxes | 450/3 | €3,087 | €25,872 | +€22,785 | +738.0% |
| Remuneration and social security | 454/9 | €48,603 | €48,603 | = | 0.0% |
| Other amounts payable | 47/48 | €713,973 | €98,168 | -€615,806 | -86.3% |
| Accrued charges and deferred income | 492/3 | €8,000 | €12,000 | +€4,000 | +50.0% |
| Non-recurring operating income | 76A | - | €7,763 | +€7,763 | |
| Remuneration, social security and pensions | 62 | €406,262 | €426,468 | +€20,206 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,908 | €9,281 | +€7,373 | +386.4% |
| Gross operating margin | 9900 | €1,003,415 | €880,440 | -€122,975 | -12.3% |
| Operating profit (loss) | 9901 | €595,245 | €444,691 | -€150,555 | -25.3% |
| Financial income | 75/76B | €16,176 | €15,102 | -€1,074 | -6.6% |
| Recurring financial income | 75 | €16,176 | €15,102 | -€1,074 | -6.6% |
| Financial charges | 65/66B | €10 | €852 | +€842 | +8135.7% |
| Recurring financial charges | 65 | €10 | €852 | +€842 | +8135.7% |
| Profit (loss) for the period before taxes | 9903 | €611,410 | €458,940 | -€152,471 | -24.9% |
| Income taxes | 67/77 | €155,457 | €117,410 | -€38,047 | -24.5% |
| Profit (loss) for the period | 9904 | €455,953 | €341,530 | -€114,424 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €455,953 | €341,530 | -€114,424 | -25.1% |
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 3 October 2026 via checked.be.