VOLKAERT HOLDING: what changed
VOLKAERT HOLDING
Largest movements
- Receivables within one year -€75,464
down €75,464 (-81.0%), from €93,132 to €17,669
of which Other amounts receivable: -€75,464
- Tangible fixed assets -€49,090
down €49,090 (-5.8%), from €846,086 to €796,995
of which Land and buildings: -€31,985
- Cash +€18,735
up €18,735 (+104%), from €18,013 to €36,748
mainly Receivables within one year (+€75,464) and Depreciation (+€49,090)
- Other debts -€95,494
down €95,494 (-33.9%), from €281,869 to €186,375
- Debts after one year -€60,517
down €60,517 (-10.0%), from €605,111 to €544,595
- Reserves +€46,494
up €46,494 (+12.5%), from €372,854 to €419,348
of which Distributable reserves: +€46,494
- Gross operating margin -€63,427
down €63,427 (-46.8%), from €135,588 to €72,161
- Financial income +€59,929
new in 2025: €59,929
- Taxes -€14,278
down €14,278 (-74.5%), from €19,164 to €4,886
- Other operating charges +€3,602
up €3,602 (+43.0%), from €8,379 to €11,981
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,397,443 | €1,292,929 | -€104,513 | -7.5% |
| Fixed assets | 21/28 | €1,284,642 | €1,235,552 | -€49,090 | -3.8% |
| Tangible fixed assets | 22/27 | €846,086 | €796,995 | -€49,090 | -5.8% |
| Land and buildings | 22 | €791,098 | €759,113 | -€31,985 | -4.0% |
| Plant, machinery and equipment | 23 | €1,036 | €672 | -€364 | -35.1% |
| Furniture and vehicles | 24 | €53,952 | €37,210 | -€16,741 | -31.0% |
| Financial fixed assets | 28 | €438,557 | €438,557 | = | 0.0% |
| Current assets | 29/58 | €112,800 | €57,377 | -€55,423 | -49.1% |
| Amounts receivable within one year | 40/41 | €93,132 | €17,669 | -€75,464 | -81.0% |
| Trade receivables | 40 | €10,055 | €10,055 | = | 0.0% |
| Other amounts receivable | 41 | €83,077 | €7,614 | -€75,464 | -90.8% |
| Cash at bank and in hand | 54/58 | €18,013 | €36,748 | +€18,735 | +104% |
| Deferred charges and accrued income | 490/1 | €1,655 | €2,961 | +€1,306 | +78.9% |
| Total equity and liabilities | 10/49 | €1,397,443 | €1,292,929 | -€104,513 | -7.5% |
| Equity | 10/15 | €434,854 | €481,348 | +€46,494 | +10.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €372,854 | €419,348 | +€46,494 | +12.5% |
| Non-distributable reserves | 130/1 | €7,715 | €7,715 | = | 0.0% |
| Legal reserve | 130 | €7,715 | €7,715 | = | 0.0% |
| Distributable reserves | 133 | €365,139 | €411,633 | +€46,494 | +12.7% |
| Amounts payable | 17/49 | €962,588 | €811,581 | -€151,007 | -15.7% |
| Amounts payable after more than one year | 17 | €605,111 | €544,595 | -€60,517 | -10.0% |
| Financial debts | 170/4 | €605,111 | €544,595 | -€60,517 | -10.0% |
| Amounts payable within one year | 42/48 | €355,237 | €266,987 | -€88,250 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €59,704 | €60,517 | +€813 | +1.4% |
| Trade debts | 44 | €234 | €8,296 | +€8,062 | +3,451% |
| Suppliers | 440/4 | €234 | €8,296 | +€8,062 | +3,451% |
| Taxes, remuneration and social security | 45 | €13,431 | €11,799 | -€1,631 | -12.1% |
| Taxes | 450/3 | €13,431 | €11,799 | -€1,631 | -12.1% |
| Other amounts payable | 47/48 | €281,869 | €186,375 | -€95,494 | -33.9% |
| Accrued charges and deferred income | 492/3 | €2,240 | - | -€2,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,046 | €49,090 | +€44 | +0.1% |
| Other operating charges | 640/8 | €8,379 | €11,981 | +€3,602 | +43.0% |
| Gross operating margin | 9900 | €135,588 | €72,161 | -€63,427 | -46.8% |
| Operating profit (loss) | 9901 | €78,163 | €11,090 | -€67,073 | -85.8% |
| Financial income | 75/76B | - | €59,929 | +€59,929 | |
| Recurring financial income | 75 | - | €59,929 | +€59,929 | |
| Financial charges | 65/66B | €19,808 | €19,639 | -€170 | -0.9% |
| Recurring financial charges | 65 | €19,808 | €19,639 | -€170 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €58,354 | €51,380 | -€6,974 | -12.0% |
| Income taxes | 67/77 | €19,164 | €4,886 | -€14,278 | -74.5% |
| Profit (loss) for the period | 9904 | €39,190 | €46,494 | +€7,304 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,190 | €46,494 | +€7,304 | +18.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.