Volcano Projects: 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.
Volcano Projects
Largest movements
- Cash +€21,140
up €21,140 (+203.2%), from €10,402 to €31,541
mainly Net result for the year (+€49,879) and Tax, wage and social debts (+€16,862)
- Receivables within one year +€13,365
up €13,365 (+36.4%), from €36,673 to €50,038
of which Other amounts receivable: +€20,976
- Tangible fixed assets -€5,708
down €5,708 (-32.7%), from €17,434 to €11,726
of which Furniture and vehicles: -€4,500
- Deferred charges and accrued income +€1,506
new in 2024: €1,506
- Reserves +€49,879
up €49,879 (+2488.8%), from €2,004 to €51,883
- Trade debts -€30,778
no longer reported in 2024 (was €30,778)
- Tax, wage and social debts +€16,862
up €16,862 (+92.5%), from €18,223 to €35,084
of which Taxes: +€17,148
- Debts after one year -€5,870
down €5,870 (-85.8%), from €6,843 to €973
- Gross operating margin +€58,857
up €58,857 (+461.3%), from €12,760 to €71,616
- Taxes +€12,154
up €12,154 (+613.6%), from €1,981 to €14,135
- Financial income +€1,007
new in 2024: €1,007
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.
Cash bridge derived
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 | €64,509 | €94,811 | +€30,303 | +47.0% |
| Fixed assets | 21/28 | €17,434 | €11,726 | -€5,708 | -32.7% |
| Tangible fixed assets | 22/27 | €17,434 | €11,726 | -€5,708 | -32.7% |
| Plant, machinery and equipment | 23 | €3,796 | €2,588 | -€1,208 | -31.8% |
| Furniture and vehicles | 24 | €13,638 | €9,138 | -€4,500 | -33.0% |
| Current assets | 29/58 | €47,075 | €83,085 | +€36,011 | +76.5% |
| Amounts receivable within one year | 40/41 | €36,673 | €50,038 | +€13,365 | +36.4% |
| Trade receivables | 40 | €30,309 | €22,697 | -€7,611 | -25.1% |
| Other amounts receivable | 41 | €6,364 | €27,341 | +€20,976 | +329.6% |
| Cash at bank and in hand | 54/58 | €10,402 | €31,541 | +€21,140 | +203.2% |
| Deferred charges and accrued income | 490/1 | - | €1,506 | +€1,506 | |
| Total equity and liabilities | 10/49 | €64,509 | €94,811 | +€30,303 | +47.0% |
| Equity | 10/15 | €3,004 | €52,883 | +€49,879 | +1660.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €2,004 | €51,883 | +€49,879 | +2488.8% |
| Distributable reserves | 133 | €2,004 | €51,883 | +€49,879 | +2488.8% |
| Amounts payable | 17/49 | €61,504 | €41,928 | -€19,577 | -31.8% |
| Amounts payable after more than one year | 17 | €6,843 | €973 | -€5,870 | -85.8% |
| Financial debts | 170/4 | €6,843 | €973 | -€5,870 | -85.8% |
| Amounts payable within one year | 42/48 | €54,661 | €40,955 | -€13,706 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €5,660 | €5,870 | +€210 | +3.7% |
| Trade debts | 44 | €30,778 | - | -€30,778 | |
| Suppliers | 440/4 | €30,778 | - | -€30,778 | |
| Taxes, remuneration and social security | 45 | €18,223 | €35,084 | +€16,862 | +92.5% |
| Taxes | 450/3 | €17,937 | €35,084 | +€17,148 | +95.6% |
| Remuneration and social security | 454/9 | €286 | - | -€286 | |
| Non-recurring operating income | 76A | €328 | - | -€328 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,708 | €5,708 | = | 0.0% |
| Other operating charges | 640/8 | €796 | €1,246 | +€451 | +56.7% |
| Non-recurring operating charges | 66A | €126 | €889 | +€763 | +605.6% |
| Gross operating margin | 9900 | €12,760 | €71,616 | +€58,857 | +461.3% |
| Operating profit (loss) | 9901 | €6,130 | €63,773 | +€57,642 | +940.3% |
| Financial income | 75/76B | - | €1,007 | +€1,007 | |
| Recurring financial income | 75 | - | €1,007 | +€1,007 | |
| Financial charges | 65/66B | €1,481 | €765 | -€716 | -48.3% |
| Recurring financial charges | 65 | €1,481 | €765 | -€716 | -48.3% |
| Profit (loss) for the period before taxes | 9903 | €4,649 | €64,015 | +€59,365 | +1276.8% |
| Income taxes | 67/77 | €1,981 | €14,135 | +€12,154 | +613.6% |
| Profit (loss) for the period | 9904 | €2,669 | €49,879 | +€47,211 | +1769.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,669 | €49,879 | +€47,211 | +1769.1% |
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 11 October 2026 via checked.be.