Volcaino: 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.
Volcaino
Largest movements
- Cash -€101,210
down €101,210 (-74.4%), from €136,016 to €34,806
mainly Debts after one year (-€100,000) and Net result for the year (-€76,309)
- Receivables within one year -€17,433
down €17,433 (-80.8%), from €21,581 to €4,147
of which Other amounts receivable: -€12,663
- Intangible fixed assets +€8,489
up €8,489 (+14.6%), from €58,180 to €66,669
- Contributions +€106,022
up €106,022 (+156%), from €67,969 to €173,992
- Debts after one year -€100,000
no longer reported in 2024 (was €100,000)
- Profit (loss) carried forward -€76,309
new in 2024: -€76,309
- Trade debts -€39,713
down €39,713 (-89.0%), from €44,634 to €4,921
- Gross operating margin -€66,894
down €66,894, from €4,120 to -€62,774
- Depreciation +€8,311
new in 2024: €8,311
- Financial charges +€3,042
up €3,042 (+184%), from €1,654 to €4,695
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €216,300 | €106,145 | -€110,155 | -50.9% |
| Fixed assets | 21/28 | €58,180 | €66,669 | +€8,489 | +14.6% |
| Intangible fixed assets | 21 | €58,180 | €66,669 | +€8,489 | +14.6% |
| Current assets | 29/58 | €158,120 | €39,477 | -€118,644 | -75.0% |
| Amounts receivable within one year | 40/41 | €21,581 | €4,147 | -€17,433 | -80.8% |
| Trade receivables | 40 | €6,066 | €1,296 | -€4,770 | -78.6% |
| Other amounts receivable | 41 | €15,514 | €2,852 | -€12,663 | -81.6% |
| Cash at bank and in hand | 54/58 | €136,016 | €34,806 | -€101,210 | -74.4% |
| Deferred charges and accrued income | 490/1 | €524 | €523 | -€1 | -0.1% |
| Total equity and liabilities | 10/49 | €216,300 | €106,145 | -€110,155 | -50.9% |
| Equity | 10/15 | €69,704 | €99,417 | +€29,714 | +42.6% |
| Contributions | 10/11 | €67,969 | €173,992 | +€106,022 | +156% |
| Reserves | 13 | €1,734 | €1,734 | = | 0.0% |
| Distributable reserves | 133 | €1,734 | €1,734 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€76,309 | -€76,309 | |
| Amounts payable | 17/49 | €146,597 | €6,728 | -€139,869 | -95.4% |
| Amounts payable after more than one year | 17 | €100,000 | - | -€100,000 | |
| Financial debts | 170/4 | €100,000 | - | -€100,000 | |
| Amounts payable within one year | 42/48 | €45,139 | €6,728 | -€38,411 | -85.1% |
| Trade debts | 44 | €44,634 | €4,921 | -€39,713 | -89.0% |
| Suppliers | 440/4 | €44,634 | €4,921 | -€39,713 | -89.0% |
| Taxes, remuneration and social security | 45 | - | €1,806 | +€1,806 | |
| Taxes | 450/3 | - | €1,806 | +€1,806 | |
| Other amounts payable | 47/48 | €505 | - | -€505 | |
| Accrued charges and deferred income | 492/3 | €1,458 | - | -€1,458 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,311 | +€8,311 | |
| Other operating charges | 640/8 | €732 | €528 | -€204 | -27.9% |
| Gross operating margin | 9900 | €4,120 | -€62,774 | -€66,894 | |
| Operating profit (loss) | 9901 | €3,388 | -€71,614 | -€75,002 | |
| Financial charges | 65/66B | €1,654 | €4,695 | +€3,042 | +184% |
| Recurring financial charges | 65 | €1,654 | €4,695 | +€3,042 | +184% |
| Profit (loss) for the period before taxes | 9903 | €1,734 | -€76,309 | -€78,043 | |
| Profit (loss) for the period | 9904 | €1,734 | -€76,309 | -€78,043 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,734 | -€76,309 | -€78,043 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.