VOLBR8: 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.
VOLBR8
Largest movements
- Cash +€26,201
up €26,201 (+73.7%), from €35,545 to €61,746
mainly Debts after one year (+€39,980) and Depreciation (+€14,206)
- Tangible fixed assets +€22,387
up €22,387 (+40.7%), from €55,014 to €77,401
of which Leasing and similar rights: +€49,073
- Debts after one year +€39,980
up €39,980, from €0 to €39,980
- Reserves +€12,632
up €12,632 (+36.3%), from €34,752 to €47,384
- Other debts -€9,390
down €9,390 (-21.0%), from €44,608 to €35,219
- Tax, wage and social debts +€2,268
up €2,268 (+76.2%), from €2,977 to €5,245
of which Taxes: +€2,268
- Current portion of long-term debt +€1,935
up €1,935 (+29.5%), from €6,565 to €8,500
- Gross operating margin -€27,612
down €27,612 (-44.0%), from €62,705 to €35,093
- Depreciation -€7,859
down €7,859 (-35.6%), from €22,065 to €14,206
- Taxes +€1,889
up €1,889 (+86.6%), from €2,183 to €4,072
- Staff costs +€909
up €909 (+90.7%), from €1,003 to €1,912
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 | €93,293 | €141,383 | +€48,090 | +51.5% |
| Fixed assets | 21/28 | €55,014 | €77,401 | +€22,387 | +40.7% |
| Tangible fixed assets | 22/27 | €55,014 | €77,401 | +€22,387 | +40.7% |
| Plant, machinery and equipment | 23 | €25,054 | €18,978 | -€6,076 | -24.3% |
| Furniture and vehicles | 24 | €20,749 | €1,175 | -€19,574 | -94.3% |
| Leasing and similar rights | 25 | - | €49,073 | +€49,073 | |
| Other tangible fixed assets | 26 | €9,210 | €8,174 | -€1,036 | -11.2% |
| Current assets | 29/58 | €38,279 | €63,982 | +€25,703 | +67.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,056 | €1,188 | +€132 | +12.5% |
| Trade receivables | 40 | €0 | €1,188 | +€1,188 | |
| Other amounts receivable | 41 | €1,056 | €0 | -€1,056 | -100.0% |
| Cash at bank and in hand | 54/58 | €35,545 | €61,746 | +€26,201 | +73.7% |
| Deferred charges and accrued income | 490/1 | €1,678 | €1,048 | -€630 | -37.5% |
| Total equity and liabilities | 10/49 | €93,293 | €141,383 | +€48,090 | +51.5% |
| Equity | 10/15 | €38,752 | €51,384 | +€12,632 | +32.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €34,752 | €47,384 | +€12,632 | +36.3% |
| Distributable reserves | 133 | €34,752 | €47,384 | +€12,632 | +36.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €54,540 | €89,999 | +€35,458 | +65.0% |
| Amounts payable after more than one year | 17 | €0 | €39,980 | +€39,980 | |
| Financial debts | 170/4 | €0 | €39,980 | +€39,980 | |
| Amounts payable within one year | 42/48 | €54,540 | €49,699 | -€4,841 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €6,565 | €8,500 | +€1,935 | +29.5% |
| Trade debts | 44 | €390 | €735 | +€346 | +88.8% |
| Suppliers | 440/4 | €390 | €735 | +€346 | +88.8% |
| Taxes, remuneration and social security | 45 | €2,977 | €5,245 | +€2,268 | +76.2% |
| Taxes | 450/3 | €2,977 | €5,245 | +€2,268 | +76.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €44,608 | €35,219 | -€9,390 | -21.0% |
| Accrued charges and deferred income | 492/3 | - | €320 | +€320 | |
| Non-recurring operating income | 76A | €5,780 | €15,128 | +€9,349 | +161.8% |
| Remuneration, social security and pensions | 62 | €1,003 | €1,912 | +€909 | +90.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,065 | €14,206 | -€7,859 | -35.6% |
| Other operating charges | 640/8 | €1,440 | €1,607 | +€167 | +11.6% |
| Gross operating margin | 9900 | €62,705 | €35,093 | -€27,612 | -44.0% |
| Operating profit (loss) | 9901 | €38,198 | €17,369 | -€20,830 | -54.5% |
| Financial income | 75/76B | €19 | €0 | -€19 | -100.0% |
| Recurring financial income | 75 | €19 | €0 | -€19 | -100.0% |
| Financial charges | 65/66B | €750 | €665 | -€85 | -11.4% |
| Recurring financial charges | 65 | €750 | €665 | -€85 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €37,466 | €16,704 | -€20,763 | -55.4% |
| Income taxes | 67/77 | €2,183 | €4,072 | +€1,889 | +86.6% |
| Profit (loss) for the period | 9904 | €35,284 | €12,632 | -€22,652 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,284 | €12,632 | -€22,652 | -64.2% |
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 8 October 2026 via checked.be.