Volition Global Services: 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.
Volition Global Services
Largest movements
- Receivables within one year +€370,750
up €370,750 (+17,077%), from €2,171 to €372,921
of which Trade receivables: +€372,921
- Cash -€289,018
down €289,018 (-74.1%), from €390,137 to €101,119
mainly Receivables within one year (-€370,750) and Trade debts (-€10,820)
- Profit (loss) carried forward +€63,784
up €63,784 (+76.4%), from €83,454 to €147,238
- Current portion of long-term debt +€18,342
new in 2025: €18,342
- Trade debts -€10,820
down €10,820 (-11.0%), from €98,796 to €87,976
- Tax, wage and social debts +€10,252
up €10,252 (+5.0%), from €205,239 to €215,491
of which Taxes: +€57,769
- Staff costs -€137,699
down €137,699 (-10.7%), from €1.3m to €1.2m
- Gross operating margin -€42,747
down €42,747 (-3.4%), from €1.3m to €1.2m
- Taxes -€23,988
down €23,988 (-85.3%), from €28,126 to €4,138
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 | €393,489 | €475,484 | +€81,995 | +20.8% |
| Fixed assets | 21/28 | €1,181 | €260 | -€921 | -78.0% |
| Tangible fixed assets | 22/27 | €921 | €0 | -€921 | -100% |
| Plant, machinery and equipment | 23 | €921 | €0 | -€921 | -100% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €392,308 | €475,224 | +€82,916 | +21.1% |
| Amounts receivable within one year | 40/41 | €2,171 | €372,921 | +€370,750 | +17,077% |
| Trade receivables | 40 | - | €372,921 | +€372,921 | |
| Other amounts receivable | 41 | €2,171 | - | -€2,171 | |
| Cash at bank and in hand | 54/58 | €390,137 | €101,119 | -€289,018 | -74.1% |
| Deferred charges and accrued income | 490/1 | - | €1,184 | +€1,184 | |
| Total equity and liabilities | 10/49 | €393,489 | €475,484 | +€81,995 | +20.8% |
| Equity | 10/15 | €89,454 | €153,238 | +€63,784 | +71.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Capital | 10 | €6,000 | €6,000 | = | 0.0% |
| Issued capital | 100 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,454 | €147,238 | +€63,784 | +76.4% |
| Amounts payable | 17/49 | €304,035 | €322,246 | +€18,211 | +6.0% |
| Amounts payable within one year | 42/48 | €304,035 | €321,809 | +€17,774 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | - | €18,342 | +€18,342 | |
| Trade debts | 44 | €98,796 | €87,976 | -€10,820 | -11.0% |
| Suppliers | 440/4 | €98,796 | €87,976 | -€10,820 | -11.0% |
| Taxes, remuneration and social security | 45 | €205,239 | €215,491 | +€10,252 | +5.0% |
| Taxes | 450/3 | €28,815 | €86,584 | +€57,769 | +200% |
| Remuneration and social security | 454/9 | €176,424 | €128,907 | -€47,517 | -26.9% |
| Accrued charges and deferred income | 492/3 | - | €437 | +€437 | |
| Non-recurring operating income | 76A | - | €1,288 | +€1,288 | |
| Remuneration, social security and pensions | 62 | €1,290,896 | €1,153,197 | -€137,699 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €950 | €432 | -€518 | -54.5% |
| Other operating charges | 640/8 | €387 | €84 | -€303 | -78.3% |
| Gross operating margin | 9900 | €1,271,953 | €1,229,206 | -€42,747 | -3.4% |
| Operating profit (loss) | 9901 | -€20,280 | €75,493 | +€95,773 | |
| Financial charges | 65/66B | €4,264 | €7,571 | +€3,307 | +77.6% |
| Recurring financial charges | 65 | €4,264 | €7,571 | +€3,307 | +77.6% |
| Profit (loss) for the period before taxes | 9903 | -€24,544 | €67,922 | +€92,466 | |
| Income taxes | 67/77 | €28,126 | €4,138 | -€23,988 | -85.3% |
| Profit (loss) for the period | 9904 | -€52,670 | €63,784 | +€116,454 | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,670 | €63,784 | +€116,454 |
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 16 October 2026 via checked.be.