Volade: 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.
Volade
Largest movements
- Cash +€22,940
up €22,940 (+193.3%), from €11,866 to €34,806
mainly Net result for the year (+€17,901) and Current investments (+€15,000)
- Current investments -€15,000
no longer reported in 2025 (was €15,000)
- Tangible fixed assets -€9,372
down €9,372 (-27.7%), from €33,789 to €24,417
of which Furniture and vehicles: -€10,803
- Receivables within one year +€6,211
up €6,211 (+33.2%), from €18,722 to €24,933
of which Other amounts receivable: +€6,708
- Reserves +€17,901
up €17,901 (+36.6%), from €48,877 to €66,777
- Debts after one year -€10,983
no longer reported in 2025 (was €10,983)
- Current portion of long-term debt -€1,724
down €1,724 (-13.6%), from €12,707 to €10,983
- Gross operating margin -€1,105
down €1,105 (-2.9%), from €38,091 to €36,986
- Depreciation +€808
up €808 (+7.0%), from €11,555 to €12,363
- Financial charges -€496
down €496 (-37.4%), from €1,325 to €830
- Other operating charges +€477
up €477 (+66.6%), from €717 to €1,194
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 | €82,651 | €88,007 | +€5,356 | +6.5% |
| Fixed assets | 21/28 | €33,789 | €24,417 | -€9,372 | -27.7% |
| Tangible fixed assets | 22/27 | €33,789 | €24,417 | -€9,372 | -27.7% |
| Plant, machinery and equipment | 23 | - | €1,431 | +€1,431 | |
| Furniture and vehicles | 24 | €33,789 | €22,986 | -€10,803 | -32.0% |
| Current assets | 29/58 | €48,862 | €63,590 | +€14,728 | +30.1% |
| Amounts receivable within one year | 40/41 | €18,722 | €24,933 | +€6,211 | +33.2% |
| Trade receivables | 40 | €10,890 | €10,393 | -€497 | -4.6% |
| Other amounts receivable | 41 | €7,832 | €14,540 | +€6,708 | +85.6% |
| Current investments | 50/53 | €15,000 | - | -€15,000 | |
| Cash at bank and in hand | 54/58 | €11,866 | €34,806 | +€22,940 | +193.3% |
| Deferred charges and accrued income | 490/1 | €3,274 | €3,851 | +€578 | +17.6% |
| Total equity and liabilities | 10/49 | €82,651 | €88,007 | +€5,356 | +6.5% |
| Equity | 10/15 | €51,377 | €69,277 | +€17,901 | +34.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €48,877 | €66,777 | +€17,901 | +36.6% |
| Distributable reserves | 133 | €48,877 | €66,777 | +€17,901 | +36.6% |
| Amounts payable | 17/49 | €31,274 | €18,729 | -€12,545 | -40.1% |
| Amounts payable after more than one year | 17 | €10,983 | - | -€10,983 | |
| Financial debts | 170/4 | €10,983 | - | -€10,983 | |
| Amounts payable within one year | 42/48 | €18,848 | €16,607 | -€2,241 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €12,707 | €10,983 | -€1,724 | -13.6% |
| Financial debts | 43 | - | €411 | +€411 | |
| Credit institutions | 430/8 | - | €411 | +€411 | |
| Trade debts | 44 | €661 | €185 | -€477 | -72.1% |
| Suppliers | 440/4 | €661 | €185 | -€477 | -72.1% |
| Taxes, remuneration and social security | 45 | €5,480 | €4,980 | -€499 | -9.1% |
| Taxes | 450/3 | €5,480 | €4,980 | -€499 | -9.1% |
| Other amounts payable | 47/48 | - | €48 | +€48 | |
| Accrued charges and deferred income | 492/3 | €1,443 | €2,122 | +€679 | +47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,555 | €12,363 | +€808 | +7.0% |
| Other operating charges | 640/8 | €717 | €1,194 | +€477 | +66.6% |
| Gross operating margin | 9900 | €38,091 | €36,986 | -€1,105 | -2.9% |
| Operating profit (loss) | 9901 | €25,819 | €23,429 | -€2,391 | -9.3% |
| Financial income | 75/76B | €711 | €941 | +€230 | +32.3% |
| Recurring financial income | 75 | €711 | €941 | +€230 | +32.3% |
| Financial charges | 65/66B | €1,325 | €830 | -€496 | -37.4% |
| Recurring financial charges | 65 | €1,325 | €830 | -€496 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €25,205 | €23,540 | -€1,665 | -6.6% |
| Income taxes | 67/77 | €6,007 | €5,639 | -€368 | -6.1% |
| Profit (loss) for the period | 9904 | €19,198 | €17,901 | -€1,297 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,198 | €17,901 | -€1,297 | -6.8% |
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.