VOLBEAT: 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.
VOLBEAT
Largest movements
- Tangible fixed assets -€22,348
down €22,348 (-29.7%), from €75,270 to €52,922
of which Plant, machinery and equipment: -€11,729
- Receivables after one year -€21,041
down €21,041 (-21.0%), from €100,000 to €78,959
- Receivables within one year -€10,628
down €10,628 (-20.5%), from €51,906 to €41,277
of which Other amounts receivable: -€27,668
- Debts after one year -€48,235
down €48,235 (-87.2%), from €55,342 to €7,107
- Current portion of long-term debt -€6,000
down €6,000 (-100%), from €6,000 to €0
- Profit (loss) carried forward -€3,509
down €3,509 (-3.2%), from €110,462 to €106,953
- Tax, wage and social debts +€2,504
up €2,504 (+8.7%), from €28,929 to €31,433
of which Taxes: +€5,103
- Depreciation -€10,202
down €10,202 (-31.3%), from €32,550 to €22,348
- Gross operating margin +€9,646
up €9,646 (+92.3%), from €10,454 to €20,099
- Financial charges -€1,478
down €1,478 (-99.7%), from €1,482 to €5
- Other operating charges -€904
down €904 (-51.4%), from €1,760 to €856
- Taxes +€405
up €405, from -€5 to €400
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 | €228,872 | €174,863 | -€54,009 | -23.6% |
| Fixed assets | 21/28 | €75,270 | €52,922 | -€22,348 | -29.7% |
| Tangible fixed assets | 22/27 | €75,270 | €52,922 | -€22,348 | -29.7% |
| Land and buildings | 22 | €5,164 | €3,607 | -€1,557 | -30.2% |
| Plant, machinery and equipment | 23 | €47,575 | €35,846 | -€11,729 | -24.7% |
| Furniture and vehicles | 24 | €22,530 | €13,469 | -€9,062 | -40.2% |
| Current assets | 29/58 | €153,602 | €121,941 | -€31,661 | -20.6% |
| Amounts receivable after more than one year | 29 | €100,000 | €78,959 | -€21,041 | -21.0% |
| Other amounts receivable | 291 | €100,000 | €78,959 | -€21,041 | -21.0% |
| Amounts receivable within one year | 40/41 | €51,906 | €41,277 | -€10,628 | -20.5% |
| Trade receivables | 40 | €22,487 | €39,527 | +€17,040 | +75.8% |
| Other amounts receivable | 41 | €29,418 | €1,750 | -€27,668 | -94.1% |
| Cash at bank and in hand | 54/58 | €484 | €491 | +€8 | +1.6% |
| Deferred charges and accrued income | 490/1 | €1,213 | €1,213 | = | 0.0% |
| Total equity and liabilities | 10/49 | €228,872 | €174,863 | -€54,009 | -23.6% |
| Equity | 10/15 | €129,062 | €125,553 | -€3,509 | -2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,462 | €106,953 | -€3,509 | -3.2% |
| Amounts payable | 17/49 | €99,810 | €49,310 | -€50,500 | -50.6% |
| Amounts payable after more than one year | 17 | €55,342 | €7,107 | -€48,235 | -87.2% |
| Financial debts | 170/4 | €55,342 | €7,107 | -€48,235 | -87.2% |
| Amounts payable within one year | 42/48 | €44,468 | €42,203 | -€2,265 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €0 | -€6,000 | -100% |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | €9,539 | €10,770 | +€1,231 | +12.9% |
| Suppliers | 440/4 | €9,539 | €10,770 | +€1,231 | +12.9% |
| Taxes, remuneration and social security | 45 | €28,929 | €31,433 | +€2,504 | +8.7% |
| Taxes | 450/3 | €26,331 | €31,433 | +€5,103 | +19.4% |
| Remuneration and social security | 454/9 | €2,599 | €0 | -€2,599 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,550 | €22,348 | -€10,202 | -31.3% |
| Other operating charges | 640/8 | €1,760 | €856 | -€904 | -51.4% |
| Gross operating margin | 9900 | €10,454 | €20,099 | +€9,646 | +92.3% |
| Operating profit (loss) | 9901 | -€23,856 | -€3,104 | +€20,752 | +87.0% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €1,482 | €5 | -€1,478 | -99.7% |
| Recurring financial charges | 65 | €1,482 | €5 | -€1,478 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | -€25,336 | -€3,109 | +€22,227 | +87.7% |
| Income taxes | 67/77 | -€5 | €400 | +€405 | |
| Profit (loss) for the period | 9904 | -€25,331 | -€3,509 | +€21,822 | +86.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,331 | -€3,509 | +€21,822 | +86.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.