VOLCKE-GRYP: 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.
VOLCKE-GRYP
Largest movements
- Cash +€285,512
up €285,512 (+338%), from €84,350 to €369,863
mainly Current investments (+€249,000) and Depreciation (+€107,307)
- Current investments -€249,000
down €249,000 (-95.9%), from €259,707 to €10,707
- Tangible fixed assets -€105,160
down €105,160 (-6.8%), from €1.5m to €1.4m
of which Land and buildings: -€91,369
- Debts after one year -€30,000
down €30,000 (-48.0%), from €62,500 to €32,500
- Reserves -€27,572
down €27,572 (-2.2%), from €1.3m to €1.2m
of which Tax-exempt reserves: -€33,669
- Gross operating margin +€14,411
up €14,411 (+25.3%), from €56,945 to €71,356
- Depreciation -€6,438
down €6,438 (-5.7%), from €113,744 to €107,307
- Financial income +€6,243
up €6,243 (+277%), from €2,254 to €8,497
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 | €1,924,444 | €1,856,940 | -€67,504 | -3.5% |
| Fixed assets | 21/28 | €1,542,448 | €1,437,289 | -€105,160 | -6.8% |
| Tangible fixed assets | 22/27 | €1,542,448 | €1,437,289 | -€105,160 | -6.8% |
| Land and buildings | 22 | €1,453,781 | €1,362,413 | -€91,369 | -6.3% |
| Plant, machinery and equipment | 23 | €24,556 | €19,364 | -€5,191 | -21.1% |
| Furniture and vehicles | 24 | €63,460 | €55,512 | -€7,948 | -12.5% |
| Other tangible fixed assets | 26 | €651 | €0 | -€651 | -100% |
| Current assets | 29/58 | €381,996 | €419,652 | +€37,656 | +9.9% |
| Amounts receivable within one year | 40/41 | €37,939 | €39,082 | +€1,143 | +3.0% |
| Trade receivables | 40 | €37,566 | €36,787 | -€779 | -2.1% |
| Other amounts receivable | 41 | €373 | €2,295 | +€1,922 | +516% |
| Current investments | 50/53 | €259,707 | €10,707 | -€249,000 | -95.9% |
| Cash at bank and in hand | 54/58 | €84,350 | €369,863 | +€285,512 | +338% |
| Total equity and liabilities | 10/49 | €1,924,444 | €1,856,940 | -€67,504 | -3.5% |
| Equity | 10/15 | €1,286,601 | €1,259,030 | -€27,572 | -2.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,268,009 | €1,240,438 | -€27,572 | -2.2% |
| Tax-exempt reserves | 132 | €196,134 | €162,466 | -€33,669 | -17.2% |
| Distributable reserves | 133 | €1,071,875 | €1,077,972 | +€6,097 | +0.6% |
| Provisions and deferred taxes | 16 | €65,378 | €54,155 | -€11,223 | -17.2% |
| Deferred taxes | 168 | €65,378 | €54,155 | -€11,223 | -17.2% |
| Amounts payable | 17/49 | €572,464 | €543,755 | -€28,709 | -5.0% |
| Amounts payable after more than one year | 17 | €62,500 | €32,500 | -€30,000 | -48.0% |
| Financial debts | 170/4 | €62,500 | €32,500 | -€30,000 | -48.0% |
| Amounts payable within one year | 42/48 | €493,489 | €493,685 | +€196 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €30,400 | €30,400 | = | 0.0% |
| Trade debts | 44 | €742 | €1,325 | +€583 | +78.6% |
| Suppliers | 440/4 | €742 | €1,325 | +€583 | +78.6% |
| Advances received on contracts in progress | 46 | €5,672 | €11,020 | +€5,348 | +94.3% |
| Taxes, remuneration and social security | 45 | €13,675 | €985 | -€12,690 | -92.8% |
| Taxes | 450/3 | €13,675 | €985 | -€12,690 | -92.8% |
| Other amounts payable | 47/48 | €443,001 | €449,955 | +€6,954 | +1.6% |
| Accrued charges and deferred income | 492/3 | €16,475 | €17,570 | +€1,095 | +6.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,744 | €107,307 | -€6,438 | -5.7% |
| Other operating charges | 640/8 | €9,283 | €9,291 | +€8 | +0.1% |
| Gross operating margin | 9900 | €56,945 | €71,356 | +€14,411 | +25.3% |
| Operating profit (loss) | 9901 | -€66,083 | -€45,242 | +€20,841 | +31.5% |
| Financial income | 75/76B | €2,254 | €8,497 | +€6,243 | +277% |
| Recurring financial income | 75 | €2,254 | €8,497 | +€6,243 | +277% |
| Financial charges | 65/66B | €2,125 | €1,830 | -€294 | -13.8% |
| Recurring financial charges | 65 | €2,125 | €1,830 | -€294 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | -€65,954 | -€38,575 | +€27,378 | +41.5% |
| Transfer from deferred taxes | 780 | €19,536 | €11,223 | -€8,313 | -42.6% |
| Income taxes | 67/77 | €293 | €219 | -€74 | -25.2% |
| Profit (loss) for the period | 9904 | -€46,711 | -€27,572 | +€19,139 | +41.0% |
| Transfer from tax-exempt reserves | 789 | €58,607 | €33,669 | -€24,939 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,897 | €6,097 | -€5,799 | -48.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.