VOLCANOX: 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.
VOLCANOX
Largest movements
- Receivables within one year +€23,171
up €23,171 (+248.7%), from €9,317 to €32,488
of which Other amounts receivable: +€18,422
- Cash +€4,008
up €4,008 (+7.2%), from €55,864 to €59,872
mainly Net result for the year (+€35,257) and Depreciation (+€3,568)
- Tangible fixed assets +€2,729
up €2,729 (+33.9%), from €8,044 to €10,773
of which Furniture and vehicles: +€3,422
- Profit (loss) carried forward +€35,257
up €35,257 (+72.7%), from €48,529 to €83,785
- Other debts -€5,075
no longer reported in 2025 (was €5,075)
- Gross operating margin +€5,547
up €5,547 (+12.4%), from €44,723 to €50,270
- Depreciation +€1,899
up €1,899 (+113.8%), from €1,669 to €3,568
- Taxes +€952
up €952 (+9.4%), from €10,149 to €11,102
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 | €73,225 | €103,133 | +€29,908 | +40.8% |
| Fixed assets | 21/28 | €8,044 | €10,773 | +€2,729 | +33.9% |
| Tangible fixed assets | 22/27 | €8,044 | €10,773 | +€2,729 | +33.9% |
| Furniture and vehicles | 24 | €4,690 | €8,112 | +€3,422 | +73.0% |
| Other tangible fixed assets | 26 | €3,354 | €2,661 | -€693 | -20.7% |
| Current assets | 29/58 | €65,181 | €92,360 | +€27,179 | +41.7% |
| Amounts receivable within one year | 40/41 | €9,317 | €32,488 | +€23,171 | +248.7% |
| Trade receivables | 40 | €9,317 | €14,066 | +€4,749 | +51.0% |
| Other amounts receivable | 41 | - | €18,422 | +€18,422 | |
| Cash at bank and in hand | 54/58 | €55,864 | €59,872 | +€4,008 | +7.2% |
| Total equity and liabilities | 10/49 | €73,225 | €103,133 | +€29,908 | +40.8% |
| Equity | 10/15 | €50,529 | €85,785 | +€35,257 | +69.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,529 | €83,785 | +€35,257 | +72.7% |
| Amounts payable | 17/49 | €22,696 | €17,348 | -€5,348 | -23.6% |
| Amounts payable within one year | 42/48 | €22,696 | €17,348 | -€5,348 | -23.6% |
| Trade debts | 44 | €1,903 | €1,055 | -€848 | -44.6% |
| Suppliers | 440/4 | €1,903 | €1,055 | -€848 | -44.6% |
| Taxes, remuneration and social security | 45 | €15,718 | €16,293 | +€575 | +3.7% |
| Taxes | 450/3 | €15,718 | €16,293 | +€575 | +3.7% |
| Other amounts payable | 47/48 | €5,075 | - | -€5,075 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,669 | €3,568 | +€1,899 | +113.8% |
| Other operating charges | 640/8 | €177 | €183 | +€6 | +3.4% |
| Gross operating margin | 9900 | €44,723 | €50,270 | +€5,547 | +12.4% |
| Operating profit (loss) | 9901 | €42,877 | €46,520 | +€3,642 | +8.5% |
| Financial income | 75/76B | €41 | €1 | -€40 | -96.5% |
| Recurring financial income | 75 | €41 | €1 | -€40 | -96.5% |
| Financial charges | 65/66B | €5 | €162 | +€157 | +3200.8% |
| Recurring financial charges | 65 | €5 | €162 | +€157 | +3200.8% |
| Profit (loss) for the period before taxes | 9903 | €42,914 | €46,359 | +€3,445 | +8.0% |
| Income taxes | 67/77 | €10,149 | €11,102 | +€952 | +9.4% |
| Profit (loss) for the period | 9904 | €32,764 | €35,257 | +€2,493 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,764 | €35,257 | +€2,493 | +7.6% |
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 30 September 2026 via checked.be.