Volatility Trading: 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.
Volatility Trading
Largest movements
- Financial fixed assets -€48,000
down €48,000 (-7.6%), from €634,629 to €586,629
- Deferred charges and accrued income +€20,353
up €20,353 (+1,814%), from €1,122 to €21,475
- Tangible fixed assets -€11,886
down €11,886 (-28.9%), from €41,150 to €29,264
of which Furniture and vehicles: -€11,960
- Other debts -€14,052
down €14,052 (-13.8%), from €101,740 to €87,689
- Debts after one year -€10,431
down €10,431 (-30.1%), from €34,656 to €24,225
- Taxes +€10,139
up €10,139 (+1,138%), from €891 to €11,031
- Gross operating margin -€7,720
down €7,720 (-25.1%), from €30,757 to €23,037
- Depreciation -€4,905
down €4,905 (-30.7%), from €15,963 to €11,059
- Other operating charges -€735
down €735 (-30.3%), from €2,429 to €1,694
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 | €746,793 | €714,822 | -€31,971 | -4.3% |
| Fixed assets | 21/28 | €675,780 | €615,893 | -€59,886 | -8.9% |
| Tangible fixed assets | 22/27 | €41,150 | €29,264 | -€11,886 | -28.9% |
| Plant, machinery and equipment | 23 | €2,273 | €2,346 | +€74 | +3.2% |
| Furniture and vehicles | 24 | €38,878 | €26,918 | -€11,960 | -30.8% |
| Financial fixed assets | 28 | €634,629 | €586,629 | -€48,000 | -7.6% |
| Current assets | 29/58 | €71,013 | €98,929 | +€27,915 | +39.3% |
| Amounts receivable within one year | 40/41 | €11,226 | €14,080 | +€2,854 | +25.4% |
| Trade receivables | 40 | €11,136 | €11,389 | +€253 | +2.3% |
| Other amounts receivable | 41 | €90 | €2,691 | +€2,601 | +2,893% |
| Cash at bank and in hand | 54/58 | €58,665 | €63,373 | +€4,708 | +8.0% |
| Deferred charges and accrued income | 490/1 | €1,122 | €21,475 | +€20,353 | +1,814% |
| Total equity and liabilities | 10/49 | €746,793 | €714,822 | -€31,971 | -4.3% |
| Equity | 10/15 | €588,343 | €581,813 | -€6,530 | -1.1% |
| Contributions | 10/11 | €12,904 | €12,904 | = | 0.0% |
| Reserves | 13 | €604,528 | €604,528 | = | 0.0% |
| Distributable reserves | 133 | €604,528 | €604,528 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,089 | -€35,619 | -€6,530 | -22.4% |
| Amounts payable | 17/49 | €158,449 | €133,009 | -€25,441 | -16.1% |
| Amounts payable after more than one year | 17 | €34,656 | €24,225 | -€10,431 | -30.1% |
| Financial debts | 170/4 | €34,656 | €24,225 | -€10,431 | -30.1% |
| Amounts payable within one year | 42/48 | €123,793 | €108,783 | -€15,010 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €10,230 | €10,431 | +€201 | +2.0% |
| Trade debts | 44 | €8,260 | €8,181 | -€79 | -1.0% |
| Suppliers | 440/4 | €8,260 | €8,181 | -€79 | -1.0% |
| Taxes, remuneration and social security | 45 | €3,563 | €2,482 | -€1,081 | -30.3% |
| Taxes | 450/3 | €1,563 | €482 | -€1,081 | -69.1% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €101,740 | €87,689 | -€14,052 | -13.8% |
| Non-recurring operating income | 76A | - | €9,573 | +€9,573 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,963 | €11,059 | -€4,905 | -30.7% |
| Other operating charges | 640/8 | €2,429 | €1,694 | -€735 | -30.3% |
| Gross operating margin | 9900 | €30,757 | €23,037 | -€7,720 | -25.1% |
| Operating profit (loss) | 9901 | €12,365 | €10,285 | -€2,080 | -16.8% |
| Financial income | 75/76B | €2 | €2 | +€0 | +30.5% |
| Recurring financial income | 75 | €2 | €2 | +€0 | +30.5% |
| Financial charges | 65/66B | €5,497 | €5,786 | +€289 | +5.3% |
| Recurring financial charges | 65 | €5,497 | €5,786 | +€289 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €6,870 | €4,501 | -€2,369 | -34.5% |
| Income taxes | 67/77 | €891 | €11,031 | +€10,139 | +1,138% |
| Profit (loss) for the period | 9904 | €5,978 | -€6,530 | -€12,508 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,978 | -€6,530 | -€12,508 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.