VOLCKE-HORECA: 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-HORECA
Largest movements
- Cash +€74,811
up €74,811 (+50.9%), from €147,002 to €221,813
mainly Net result for the year (+€47,777) and Tax, wage and social debts (+€22,892)
- Receivables within one year -€10,267
down €10,267 (-79.9%), from €12,852 to €2,586
of which Other amounts receivable: -€10,318
- Tangible fixed assets +€6,326
up €6,326 (+43.0%), from €14,719 to €21,046
of which Furniture and vehicles: +€6,939
- Financial fixed assets -€5,297
down €5,297 (-21.9%), from €24,226 to €18,928
- Stocks and contracts +€3,500
up €3,500 (+23.9%), from €14,665 to €18,165
- Reserves +€28,921
up €28,921 (+25.3%), from €114,501 to €143,422
of which Distributable reserves: +€28,921
- Trade debts -€26,875
down €26,875 (-53.4%), from €50,339 to €23,464
- Tax, wage and social debts +€22,892
up €22,892 (+80.8%), from €28,343 to €51,235
of which Taxes: +€21,736
- Other debts +€18,858
up €18,858 (+317%), from €5,957 to €24,815
- Advances received +€17,092
new in 2025: €17,092
- Gross operating margin +€44,934
up €44,934 (+13.6%), from €329,806 to €374,740
- Staff costs +€37,404
up €37,404 (+14.9%), from €251,122 to €288,526
- Taxes +€4,490
up €4,490 (+23.3%), from €19,245 to €23,735
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 | €214,220 | €282,537 | +€68,318 | +31.9% |
| Fixed assets | 21/28 | €38,945 | €39,974 | +€1,029 | +2.6% |
| Tangible fixed assets | 22/27 | €14,719 | €21,046 | +€6,326 | +43.0% |
| Land and buildings | 22 | €421 | €0 | -€421 | -100.0% |
| Plant, machinery and equipment | 23 | €11,112 | €10,921 | -€191 | -1.7% |
| Furniture and vehicles | 24 | €3,186 | €10,124 | +€6,939 | +218% |
| Financial fixed assets | 28 | €24,226 | €18,928 | -€5,297 | -21.9% |
| Current assets | 29/58 | €175,275 | €242,563 | +€67,289 | +38.4% |
| Stocks and contracts in progress | 3 | €14,665 | €18,165 | +€3,500 | +23.9% |
| Stocks | 30/36 | €14,665 | €18,165 | +€3,500 | +23.9% |
| Amounts receivable within one year | 40/41 | €12,852 | €2,586 | -€10,267 | -79.9% |
| Trade receivables | 40 | - | €51 | +€51 | |
| Other amounts receivable | 41 | €12,852 | €2,534 | -€10,318 | -80.3% |
| Cash at bank and in hand | 54/58 | €147,002 | €221,813 | +€74,811 | +50.9% |
| Deferred charges and accrued income | 490/1 | €755 | €0 | -€755 | -100% |
| Total equity and liabilities | 10/49 | €214,220 | €282,537 | +€68,318 | +31.9% |
| Equity | 10/15 | €120,701 | €149,622 | +€28,921 | +24.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €114,501 | €143,422 | +€28,921 | +25.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,500 | €11,500 | = | 0.0% |
| Distributable reserves | 133 | €101,001 | €129,922 | +€28,921 | +28.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €93,519 | €132,916 | +€39,396 | +42.1% |
| Amounts payable after more than one year | 17 | - | €9,400 | +€9,400 | |
| Financial debts | 170/4 | - | €9,400 | +€9,400 | |
| Amounts payable within one year | 42/48 | €93,519 | €123,516 | +€29,996 | +32.1% |
| Current portion of amounts payable after more than one year | 42 | €8,880 | €6,909 | -€1,971 | -22.2% |
| Trade debts | 44 | €50,339 | €23,464 | -€26,875 | -53.4% |
| Suppliers | 440/4 | €50,339 | €23,464 | -€26,875 | -53.4% |
| Advances received on contracts in progress | 46 | - | €17,092 | +€17,092 | |
| Taxes, remuneration and social security | 45 | €28,343 | €51,235 | +€22,892 | +80.8% |
| Taxes | 450/3 | €5,562 | €27,298 | +€21,736 | +391% |
| Remuneration and social security | 454/9 | €22,781 | €23,937 | +€1,156 | +5.1% |
| Other amounts payable | 47/48 | €5,957 | €24,815 | +€18,858 | +317% |
| Remuneration, social security and pensions | 62 | €251,122 | €288,526 | +€37,404 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,760 | €7,959 | -€801 | -9.1% |
| Other operating charges | 640/8 | €1,245 | €2,691 | +€1,446 | +116% |
| Gross operating margin | 9900 | €329,806 | €374,740 | +€44,934 | +13.6% |
| Operating profit (loss) | 9901 | €68,680 | €75,564 | +€6,884 | +10.0% |
| Financial income | 75/76B | €511 | €1,543 | +€1,032 | +202% |
| Recurring financial income | 75 | €511 | €1,543 | +€1,032 | +202% |
| Financial charges | 65/66B | €4,399 | €5,594 | +€1,196 | +27.2% |
| Recurring financial charges | 65 | €4,399 | €5,594 | +€1,196 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €64,792 | €71,512 | +€6,720 | +10.4% |
| Income taxes | 67/77 | €19,245 | €23,735 | +€4,490 | +23.3% |
| Profit (loss) for the period | 9904 | €45,547 | €47,777 | +€2,230 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,547 | €47,777 | +€2,230 | +4.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.