VOLLENBAK: 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.
VOLLENBAK
Largest movements
- Receivables within one year +€16,897
up €16,897 (+73.2%), from €23,090 to €39,986
of which Other amounts receivable: +€10,085
- Tangible fixed assets +€7,692
up €7,692 (+668%), from €1,151 to €8,843
of which Plant, machinery and equipment: +€7,239
- Cash +€2,645
up €2,645 (+1.7%), from €159,305 to €161,950
mainly Net result for the year (+€40,827) and Depreciation (+€2,333)
- Reserves +€38,184
up €38,184 (+91.4%), from €41,757 to €79,940
- Other debts -€10,527
down €10,527 (-9.3%), from €112,836 to €102,310
- Gross operating margin +€14,249
up €14,249 (+34.4%), from €41,455 to €55,705
- Taxes +€2,517
up €2,517 (+29.7%), from €8,472 to €10,989
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 | €187,543 | €215,031 | +€27,488 | +14.7% |
| Fixed assets | 21/28 | €1,176 | €8,868 | +€7,692 | +654% |
| Tangible fixed assets | 22/27 | €1,151 | €8,843 | +€7,692 | +668% |
| Plant, machinery and equipment | 23 | €352 | €7,591 | +€7,239 | +2,054% |
| Furniture and vehicles | 24 | €799 | €1,252 | +€453 | +56.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €186,367 | €206,163 | +€19,796 | +10.6% |
| Amounts receivable within one year | 40/41 | €23,090 | €39,986 | +€16,897 | +73.2% |
| Trade receivables | 40 | €15,558 | €22,370 | +€6,812 | +43.8% |
| Other amounts receivable | 41 | €7,532 | €17,616 | +€10,085 | +134% |
| Cash at bank and in hand | 54/58 | €159,305 | €161,950 | +€2,645 | +1.7% |
| Deferred charges and accrued income | 490/1 | €3,972 | €4,227 | +€254 | +6.4% |
| Total equity and liabilities | 10/49 | €187,543 | €215,031 | +€27,488 | +14.7% |
| Equity | 10/15 | €60,307 | €98,490 | +€38,184 | +63.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €41,757 | €79,940 | +€38,184 | +91.4% |
| Distributable reserves | 133 | €41,757 | €79,940 | +€38,184 | +91.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €127,236 | €116,540 | -€10,696 | -8.4% |
| Amounts payable within one year | 42/48 | €127,236 | €116,540 | -€10,696 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €5,891 | €4,197 | -€1,693 | -28.7% |
| Credit institutions | 430/8 | €5,891 | €4,197 | -€1,693 | -28.7% |
| Trade debts | 44 | €105 | €1,523 | +€1,418 | +1,355% |
| Suppliers | 440/4 | €105 | €1,523 | +€1,418 | +1,355% |
| Taxes, remuneration and social security | 45 | €8,405 | €8,511 | +€106 | +1.3% |
| Taxes | 450/3 | €8,405 | €8,511 | +€106 | +1.3% |
| Other amounts payable | 47/48 | €112,836 | €102,310 | -€10,527 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,820 | €2,333 | -€487 | -17.3% |
| Other operating charges | 640/8 | €923 | €734 | -€189 | -20.5% |
| Gross operating margin | 9900 | €41,455 | €55,705 | +€14,249 | +34.4% |
| Operating profit (loss) | 9901 | €37,713 | €52,639 | +€14,925 | +39.6% |
| Financial income | 75/76B | €4 | €3 | -€1 | -24.4% |
| Recurring financial income | 75 | €4 | €3 | -€1 | -24.4% |
| Financial charges | 65/66B | €585 | €825 | +€240 | +40.9% |
| Recurring financial charges | 65 | €585 | €825 | +€240 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | €37,131 | €51,816 | +€14,685 | +39.5% |
| Income taxes | 67/77 | €8,472 | €10,989 | +€2,517 | +29.7% |
| Profit (loss) for the period | 9904 | €28,659 | €40,827 | +€12,168 | +42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,659 | €40,827 | +€12,168 | +42.5% |
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 19 October 2026 via checked.be.