VOLINCO: 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.
VOLINCO
Largest movements
- Receivables within one year +€21,392
up €21,392 (+49.9%), from €42,890 to €64,282
of which Other amounts receivable: +€33,106
- Cash +€2,689
up €2,689 (+19.5%), from €13,776 to €16,465
mainly Net result for the year (+€22,895) and Tax, wage and social debts (+€6,358)
- Reserves +€22,895
up €22,895 (+83.2%), from €27,509 to €50,405
- Tax, wage and social debts +€6,358
up €6,358 (+64.3%), from €9,891 to €16,249
- Debts after one year -€2,910
down €2,910 (-23.9%), from €12,175 to €9,265
- Trade debts -€2,602
down €2,602 (-81.0%), from €3,211 to €609
- Gross operating margin -€4,178
down €4,178 (-11.8%), from €35,273 to €31,095
- Financial charges +€1,836
up €1,836 (+327.9%), from €560 to €2,396
- Financial income +€1,777
up €1,777 (+1031.5%), from €172 to €1,949
- Other operating charges +€389
up €389 (+91.7%), from €424 to €813
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 | €58,311 | €82,137 | +€23,826 | +40.9% |
| Fixed assets | 21/28 | €635 | €421 | -€214 | -33.7% |
| Tangible fixed assets | 22/27 | €635 | €421 | -€214 | -33.7% |
| Furniture and vehicles | 24 | €635 | €421 | -€214 | -33.7% |
| Current assets | 29/58 | €57,677 | €81,716 | +€24,040 | +41.7% |
| Amounts receivable within one year | 40/41 | €42,890 | €64,282 | +€21,392 | +49.9% |
| Trade receivables | 40 | €23,716 | €12,002 | -€11,714 | -49.4% |
| Other amounts receivable | 41 | €19,174 | €52,280 | +€33,106 | +172.7% |
| Cash at bank and in hand | 54/58 | €13,776 | €16,465 | +€2,689 | +19.5% |
| Deferred charges and accrued income | 490/1 | €1,010 | €969 | -€41 | -4.1% |
| Total equity and liabilities | 10/49 | €58,311 | €82,137 | +€23,826 | +40.9% |
| Equity | 10/15 | €30,209 | €53,105 | +€22,895 | +75.8% |
| Contributions | 10/11 | €2,700 | €2,700 | = | 0.0% |
| Reserves | 13 | €27,509 | €50,405 | +€22,895 | +83.2% |
| Distributable reserves | 133 | €27,509 | €50,405 | +€22,895 | +83.2% |
| Amounts payable | 17/49 | €28,102 | €29,032 | +€930 | +3.3% |
| Amounts payable after more than one year | 17 | €12,175 | €9,265 | -€2,910 | -23.9% |
| Financial debts | 170/4 | €12,175 | €9,265 | -€2,910 | -23.9% |
| Amounts payable within one year | 42/48 | €15,927 | €19,768 | +€3,840 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €2,825 | €2,910 | +€85 | +3.0% |
| Trade debts | 44 | €3,211 | €609 | -€2,602 | -81.0% |
| Suppliers | 440/4 | €3,211 | €609 | -€2,602 | -81.0% |
| Taxes, remuneration and social security | 45 | €9,891 | €16,249 | +€6,358 | +64.3% |
| Taxes | 450/3 | €9,891 | €16,249 | +€6,358 | +64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7 | €214 | +€207 | +2939.8% |
| Other operating charges | 640/8 | €424 | €813 | +€389 | +91.7% |
| Gross operating margin | 9900 | €35,273 | €31,095 | -€4,178 | -11.8% |
| Operating profit (loss) | 9901 | €34,842 | €30,068 | -€4,774 | -13.7% |
| Financial income | 75/76B | €172 | €1,949 | +€1,777 | +1031.5% |
| Recurring financial income | 75 | €172 | €1,949 | +€1,777 | +1031.5% |
| Financial charges | 65/66B | €560 | €2,396 | +€1,836 | +327.9% |
| Recurring financial charges | 65 | €560 | €2,396 | +€1,836 | +327.9% |
| Profit (loss) for the period before taxes | 9903 | €34,454 | €29,621 | -€4,833 | -14.0% |
| Income taxes | 67/77 | €6,945 | €6,725 | -€219 | -3.2% |
| Profit (loss) for the period | 9904 | €27,509 | €22,895 | -€4,614 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,509 | €22,895 | -€4,614 | -16.8% |
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 2 October 2026 via checked.be.