Volharding: 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.
Volharding
Largest movements
- Cash +€160,616
up €160,616 (+215.7%), from €74,471 to €235,087
mainly Other debts (+€87,865) and Net result for the year (+€69,173)
- Other debts +€87,865
new in 2025: €87,865
- Profit (loss) carried forward +€69,173
new in 2025: €69,173
- Depreciation -€62,211
down €62,211 (-96.3%), from €64,623 to €2,412
- Taxes +€14,404
up €14,404 (+243.7%), from €5,910 to €20,314
- Gross operating margin +€5,954
up €5,954 (+6.0%), from €98,832 to €104,786
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 | €215,229 | €373,433 | +€158,204 | +73.5% |
| Fixed assets | 21/28 | €140,758 | €138,346 | -€2,412 | -1.7% |
| Tangible fixed assets | 22/27 | €140,758 | €138,346 | -€2,412 | -1.7% |
| Land and buildings | 22 | €140,758 | €138,346 | -€2,412 | -1.7% |
| Current assets | 29/58 | €74,471 | €235,087 | +€160,616 | +215.7% |
| Cash at bank and in hand | 54/58 | €74,471 | €235,087 | +€160,616 | +215.7% |
| Total equity and liabilities | 10/49 | €215,229 | €373,433 | +€158,204 | +73.5% |
| Equity | 10/15 | €199,726 | €268,899 | +€69,173 | +34.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €138,226 | €138,226 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €132,076 | €132,076 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €69,173 | +€69,173 | |
| Amounts payable | 17/49 | €15,503 | €104,534 | +€89,031 | +574.3% |
| Amounts payable within one year | 42/48 | €15,503 | €104,534 | +€89,031 | +574.3% |
| Trade debts | 44 | - | €425 | +€425 | |
| Suppliers | 440/4 | - | €425 | +€425 | |
| Taxes, remuneration and social security | 45 | €15,503 | €16,244 | +€741 | +4.8% |
| Taxes | 450/3 | €15,503 | €16,244 | +€741 | +4.8% |
| Other amounts payable | 47/48 | - | €87,865 | +€87,865 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,623 | €2,412 | -€62,211 | -96.3% |
| Other operating charges | 640/8 | €12,258 | €12,641 | +€383 | +3.1% |
| Gross operating margin | 9900 | €98,832 | €104,786 | +€5,954 | +6.0% |
| Operating profit (loss) | 9901 | €21,951 | €89,733 | +€67,782 | +308.8% |
| Financial charges | 65/66B | €259 | €246 | -€13 | -5.0% |
| Recurring financial charges | 65 | €259 | €246 | -€13 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €21,692 | €89,487 | +€67,795 | +312.5% |
| Income taxes | 67/77 | €5,910 | €20,314 | +€14,404 | +243.7% |
| Profit (loss) for the period | 9904 | €15,782 | €69,173 | +€53,391 | +338.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,782 | €69,173 | +€53,391 | +338.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.