VOLCKAERT WIM: 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.
VOLCKAERT WIM
Largest movements
- Tangible fixed assets +€448,853
up €448,853 (+103%), from €435,656 to €884,509
of which Land and buildings: +€426,594
- Receivables within one year -€149,171
down €149,171 (-48.3%), from €308,994 to €159,823
of which Other amounts receivable: -€147,183
- Current investments -€130,000
down €130,000 (-100%), from €130,000 to €0
- Cash +€22,890
up €22,890 (+495%), from €4,628 to €27,519
mainly Debts after one year (+€151,489) and Receivables within one year (+€149,171)
- Debts after one year +€151,489
up €151,489 (+59.8%), from €253,250 to €404,739
- Other debts +€84,643
up €84,643, from €0 to €84,643
- Profit (loss) carried forward -€40,388
new in 2025: -€40,388
- Current portion of long-term debt +€11,675
up €11,675 (+40.0%), from €29,206 to €40,881
- Gross operating margin -€21,895
down €21,895 (-62.3%), from €35,132 to €13,237
- Financial charges +€14,712
up €14,712 (+296%), from €4,968 to €19,680
of which Financial charges: +€11,445
- Depreciation +€13,210
up €13,210 (+61.5%), from €21,480 to €34,689
- Taxes -€7,517
down €7,517 (-89.5%), from €8,402 to €885
- Other operating charges +€6,159
up €6,159 (+285%), from €2,163 to €8,322
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.
Derived cash bridge
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 | €886,219 | €1,073,503 | +€187,284 | +21.1% |
| Fixed assets | 21/28 | €435,656 | €884,509 | +€448,853 | +103% |
| Tangible fixed assets | 22/27 | €435,656 | €884,509 | +€448,853 | +103% |
| Land and buildings | 22 | €431,025 | €857,619 | +€426,594 | +99.0% |
| Plant, machinery and equipment | 23 | - | €8,715 | +€8,715 | |
| Furniture and vehicles | 24 | €4,632 | €18,176 | +€13,544 | +292% |
| Current assets | 29/58 | €450,563 | €188,994 | -€261,569 | -58.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €308,994 | €159,823 | -€149,171 | -48.3% |
| Trade receivables | 40 | €3,233 | €1,244 | -€1,989 | -61.5% |
| Other amounts receivable | 41 | €305,762 | €158,579 | -€147,183 | -48.1% |
| Current investments | 50/53 | €130,000 | €0 | -€130,000 | -100% |
| Cash at bank and in hand | 54/58 | €4,628 | €27,519 | +€22,890 | +495% |
| Deferred charges and accrued income | 490/1 | €6,940 | €1,652 | -€5,288 | -76.2% |
| Total equity and liabilities | 10/49 | €886,219 | €1,073,503 | +€187,284 | +21.1% |
| Equity | 10/15 | €524,501 | €476,158 | -€48,343 | -9.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €505,951 | €497,996 | -€7,955 | -1.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €209,480 | €201,525 | -€7,955 | -3.8% |
| Distributable reserves | 133 | €296,472 | €296,472 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€40,388 | -€40,388 | |
| Provisions and deferred taxes | 16 | €52,370 | €50,381 | -€1,989 | -3.8% |
| Deferred taxes | 168 | €52,370 | €50,381 | -€1,989 | -3.8% |
| Amounts payable | 17/49 | €309,348 | €546,964 | +€237,616 | +76.8% |
| Amounts payable after more than one year | 17 | €253,250 | €404,739 | +€151,489 | +59.8% |
| Financial debts | 170/4 | €253,250 | €404,739 | +€151,489 | +59.8% |
| Amounts payable within one year | 42/48 | €55,014 | €140,379 | +€85,365 | +155% |
| Current portion of amounts payable after more than one year | 42 | €29,206 | €40,881 | +€11,675 | +40.0% |
| Trade debts | 44 | €19,430 | €12,995 | -€6,435 | -33.1% |
| Suppliers | 440/4 | €19,430 | €12,995 | -€6,435 | -33.1% |
| Taxes, remuneration and social security | 45 | €6,378 | €1,860 | -€4,519 | -70.8% |
| Taxes | 450/3 | €6,378 | €1,860 | -€4,519 | -70.8% |
| Other amounts payable | 47/48 | €0 | €84,643 | +€84,643 | |
| Accrued charges and deferred income | 492/3 | €1,084 | €1,846 | +€762 | +70.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,480 | €34,689 | +€13,210 | +61.5% |
| Other operating charges | 640/8 | €2,163 | €8,322 | +€6,159 | +285% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €35,132 | €13,237 | -€21,895 | -62.3% |
| Operating profit (loss) | 9901 | €11,490 | -€29,774 | -€41,264 | |
| Financial income | 75/76B | €1,127 | €7 | -€1,119 | -99.3% |
| Recurring financial income | 75 | €1,127 | €7 | -€1,119 | -99.3% |
| Financial charges | 65/66B | €4,968 | €19,680 | +€14,712 | +296% |
| Recurring financial charges | 65 | €4,968 | €16,413 | +€11,445 | +230% |
| Non-recurring financial charges | 66B | - | €3,266 | +€3,266 | |
| Profit (loss) for the period before taxes | 9903 | €7,649 | -€49,447 | -€57,095 | |
| Transfer from deferred taxes | 780 | €1,989 | €1,989 | = | 0.0% |
| Income taxes | 67/77 | €8,402 | €885 | -€7,517 | -89.5% |
| Profit (loss) for the period | 9904 | €1,235 | -€48,343 | -€49,578 | |
| Transfer from tax-exempt reserves | 789 | €7,955 | €7,955 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,190 | -€40,388 | -€49,578 |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.