Volforto: 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.
Volforto
Largest movements
- Current investments +€313,184
up €313,184 (+420%), from €74,615 to €387,799
- Financial fixed assets -€286,744
down €286,744 (-61.1%), from €469,355 to €182,611
- Stocks and contracts +€168,455
new in 2025: €168,455
- Tangible fixed assets -€143,235
down €143,235 (-53.3%), from €268,701 to €125,467
of which Land and buildings: -€130,788
- Cash +€129,620
up €129,620 (+233%), from €55,575 to €185,194
mainly Investment in fixed assets (net) (+€426,580) and Net result for the year (+€369,692)
- Reserves +€267,192
up €267,192 (+42.1%), from €634,854 to €902,046
of which Distributable reserves: +€269,052
- Tax, wage and social debts -€20,613
down €20,613 (-59.9%), from €34,427 to €13,814
of which Taxes: -€18,603
- Financial income +€242,645
up €242,645 (+18,484%), from €1,313 to €243,957
of which Non-recurring financial income: +€239,730
- Gross operating margin +€15,210
up €15,210 (+8.4%), from €180,101 to €195,311
- Other operating charges +€8,520
up €8,520 (+1,283%), from €664 to €9,184
- Financial charges +€8,481
up €8,481 (+244%), from €3,482 to €11,963
- Depreciation -€6,647
down €6,647 (-66.2%), from €10,046 to €3,399
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 | €880,656 | €1,130,487 | +€249,831 | +28.4% |
| Fixed assets | 21/28 | €738,056 | €308,077 | -€429,979 | -58.3% |
| Tangible fixed assets | 22/27 | €268,701 | €125,467 | -€143,235 | -53.3% |
| Land and buildings | 22 | €246,021 | €115,233 | -€130,788 | -53.2% |
| Plant, machinery and equipment | 23 | €3,733 | €4,697 | +€964 | +25.8% |
| Furniture and vehicles | 24 | €18,947 | €5,537 | -€13,410 | -70.8% |
| Financial fixed assets | 28 | €469,355 | €182,611 | -€286,744 | -61.1% |
| Current assets | 29/58 | €142,600 | €822,410 | +€679,809 | +477% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €168,455 | +€168,455 | |
| Stocks | 30/36 | - | €168,455 | +€168,455 | |
| Amounts receivable within one year | 40/41 | €1,425 | €67,783 | +€66,358 | +4,656% |
| Trade receivables | 40 | €1,331 | €27,500 | +€26,169 | +1,966% |
| Other amounts receivable | 41 | €94 | €40,283 | +€40,189 | +42,645% |
| Current investments | 50/53 | €74,615 | €387,799 | +€313,184 | +420% |
| Cash at bank and in hand | 54/58 | €55,575 | €185,194 | +€129,620 | +233% |
| Deferred charges and accrued income | 490/1 | €986 | €3,179 | +€2,193 | +222% |
| Total equity and liabilities | 10/49 | €880,656 | €1,130,487 | +€249,831 | +28.4% |
| Equity | 10/15 | €653,454 | €920,646 | +€267,192 | +40.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €634,854 | €902,046 | +€267,192 | +42.1% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €632,994 | €902,046 | +€269,052 | +42.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €227,202 | €209,841 | -€17,361 | -7.6% |
| Amounts payable after more than one year | 17 | €135,366 | €141,483 | +€6,117 | +4.5% |
| Financial debts | 170/4 | €135,366 | €141,483 | +€6,117 | +4.5% |
| Amounts payable within one year | 42/48 | €91,836 | €68,358 | -€23,478 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €40,303 | €36,134 | -€4,169 | -10.3% |
| Financial debts | 43 | €6,351 | €14,794 | +€8,443 | +133% |
| Credit institutions | 430/8 | €6,351 | €14,794 | +€8,443 | +133% |
| Trade debts | 44 | €1,060 | €1,116 | +€56 | +5.3% |
| Suppliers | 440/4 | €1,060 | €1,116 | +€56 | +5.3% |
| Taxes, remuneration and social security | 45 | €34,427 | €13,814 | -€20,613 | -59.9% |
| Taxes | 450/3 | €32,417 | €13,814 | -€18,603 | -57.4% |
| Remuneration and social security | 454/9 | €2,010 | €0 | -€2,010 | -100% |
| Other amounts payable | 47/48 | €9,695 | €2,500 | -€7,195 | -74.2% |
| Non-recurring operating income | 76A | - | €25,649 | +€25,649 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,046 | €3,399 | -€6,647 | -66.2% |
| Other operating charges | 640/8 | €664 | €9,184 | +€8,520 | +1,283% |
| Gross operating margin | 9900 | €180,101 | €195,311 | +€15,210 | +8.4% |
| Operating profit (loss) | 9901 | €169,391 | €182,728 | +€13,337 | +7.9% |
| Financial income | 75/76B | €1,313 | €243,957 | +€242,645 | +18,484% |
| Recurring financial income | 75 | €83 | €2,997 | +€2,914 | +3,522% |
| Non-recurring financial income | 76B | €1,230 | €240,960 | +€239,730 | +19,490% |
| Financial charges | 65/66B | €3,482 | €11,963 | +€8,481 | +244% |
| Recurring financial charges | 65 | €3,482 | €11,963 | +€8,481 | +244% |
| Profit (loss) for the period before taxes | 9903 | €167,222 | €414,723 | +€247,500 | +148% |
| Income taxes | 67/77 | €44,939 | €45,031 | +€92 | +0.2% |
| Profit (loss) for the period | 9904 | €122,283 | €369,692 | +€247,408 | +202% |
| Profit (loss) for the period to be appropriated | 9905 | €122,283 | €369,692 | +€247,408 | +202% |
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 20 October 2026 via checked.be.