VOLCKAERT: 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.
VOLCKAERT
Largest movements
- Current investments -€52,347
down €52,347 (-20.4%), from €256,686 to €204,339
- Cash +€31,766
up €31,766 (+107.0%), from €29,677 to €61,443
mainly Current investments (+€52,347) and Receivables within one year (+€8,014)
- Receivables within one year -€8,014
down €8,014 (-13.3%), from €60,304 to €52,290
of which Trade receivables: -€6,848
- Tangible fixed assets -€5,762
down €5,762 (-50.5%), from €11,408 to €5,645
of which Furniture and vehicles: -€4,285
- Profit (loss) carried forward -€31,465
new in 2025: -€31,465
- Trade debts +€7,055
up €7,055 (+170.9%), from €4,129 to €11,184
- Current portion of long-term debt -€4,189
no longer reported in 2025 (was €4,189)
- Tax, wage and social debts -€3,734
down €3,734 (-22.7%), from €16,443 to €12,709
of which Remuneration and social security: -€3,734
- Financial income -€31,418
down €31,418 (-87.6%), from €35,854 to €4,436
of which Non-recurring financial income: -€33,488
- Gross operating margin -€20,094
down €20,094, from €15,208 to -€4,886
- Taxes -€12,654
down €12,654 (-99.6%), from €12,709 to €55
- Financial charges +€8,293
up €8,293 (+494.4%), from €1,677 to €9,970
of which Financial charges: +€9,414
- Staff costs +€499
up €499 (+8.0%), from €6,266 to €6,765
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 | €358,075 | €324,344 | -€33,730 | -9.4% |
| Fixed assets | 21/28 | €11,408 | €5,645 | -€5,762 | -50.5% |
| Tangible fixed assets | 22/27 | €11,408 | €5,645 | -€5,762 | -50.5% |
| Plant, machinery and equipment | 23 | €4,534 | €3,439 | -€1,095 | -24.2% |
| Furniture and vehicles | 24 | €5,944 | €1,659 | -€4,285 | -72.1% |
| Other tangible fixed assets | 26 | €929 | €547 | -€382 | -41.1% |
| Current assets | 29/58 | €346,667 | €318,699 | -€27,968 | -8.1% |
| Amounts receivable within one year | 40/41 | €60,304 | €52,290 | -€8,014 | -13.3% |
| Trade receivables | 40 | €57,397 | €50,549 | -€6,848 | -11.9% |
| Other amounts receivable | 41 | €2,907 | €1,741 | -€1,166 | -40.1% |
| Current investments | 50/53 | €256,686 | €204,339 | -€52,347 | -20.4% |
| Cash at bank and in hand | 54/58 | €29,677 | €61,443 | +€31,766 | +107.0% |
| Deferred charges and accrued income | 490/1 | - | €627 | +€627 | |
| Total equity and liabilities | 10/49 | €358,075 | €324,344 | -€33,730 | -9.4% |
| Equity | 10/15 | €246,695 | €215,231 | -€31,465 | -12.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €228,103 | €228,103 | = | 0.0% |
| Distributable reserves | 133 | €228,103 | €228,103 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€31,465 | -€31,465 | |
| Amounts payable | 17/49 | €111,379 | €109,114 | -€2,265 | -2.0% |
| Amounts payable after more than one year | 17 | €70,929 | €70,929 | = | 0.0% |
| Other amounts payable | 178/9 | €70,929 | €70,929 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,450 | €38,185 | -€2,265 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €4,189 | - | -€4,189 | |
| Trade debts | 44 | €4,129 | €11,184 | +€7,055 | +170.9% |
| Suppliers | 440/4 | €4,129 | €11,184 | +€7,055 | +170.9% |
| Taxes, remuneration and social security | 45 | €16,443 | €12,709 | -€3,734 | -22.7% |
| Taxes | 450/3 | €12,709 | €12,709 | = | 0.0% |
| Remuneration and social security | 454/9 | €3,734 | - | -€3,734 | |
| Other amounts payable | 47/48 | €15,689 | €14,292 | -€1,398 | -8.9% |
| Remuneration, social security and pensions | 62 | €6,266 | €6,765 | +€499 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,220 | €5,762 | -€458 | -7.4% |
| Other operating charges | 640/8 | €1,124 | €830 | -€294 | -26.2% |
| Non-recurring operating charges | 66A | - | €7,632 | +€7,632 | |
| Gross operating margin | 9900 | €15,208 | -€4,886 | -€20,094 | |
| Operating profit (loss) | 9901 | €1,598 | -€25,875 | -€27,473 | |
| Financial income | 75/76B | €35,854 | €4,436 | -€31,418 | -87.6% |
| Recurring financial income | 75 | €1,498 | €3,568 | +€2,070 | +138.2% |
| Non-recurring financial income | 76B | €34,356 | €868 | -€33,488 | -97.5% |
| Financial charges | 65/66B | €1,677 | €9,970 | +€8,293 | +494.4% |
| Recurring financial charges | 65 | €556 | €9,970 | +€9,414 | +1692.5% |
| Non-recurring financial charges | 66B | €1,121 | - | -€1,121 | |
| Profit (loss) for the period before taxes | 9903 | €35,774 | -€31,409 | -€67,183 | |
| Income taxes | 67/77 | €12,709 | €55 | -€12,654 | -99.6% |
| Profit (loss) for the period | 9904 | €23,064 | -€31,465 | -€54,529 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,064 | -€31,465 | -€54,529 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.