VOLNIC MANAGEMENT: what changed
VOLNIC MANAGEMENT
Largest movements
- Receivables within one year -€35,272
down €35,272 (-58.3%), from €60,517 to €25,245
of which Other amounts receivable: -€27,938
- Cash +€11,234
up €11,234 (+169%), from €6,661 to €17,895
mainly Net result for the year (+€49,069) and Receivables within one year (+€35,272)
- Deferred charges and accrued income +€4,916
up €4,916 (+20.3%), from €24,165 to €29,081
- Tangible fixed assets -€1,807
down €1,807 (-25.9%), from €6,977 to €5,170
of which Furniture and vehicles: -€1,750
- Reserves -€30,931
down €30,931 (-72.9%), from €42,423 to €11,492
- Short-term financial debts -€25,193
down €25,193 (-99.6%), from €25,293 to €100
- Other debts +€20,871
up €20,871 (+102%), from €20,560 to €41,430
- Tax, wage and social debts +€12,698
up €12,698 (+115%), from €11,055 to €23,753
of which Taxes: +€12,215
- Trade debts +€1,625
up €1,625 (+40.7%), from €3,990 to €5,615
- Gross operating margin +€55,386
up €55,386 (+74.4%), from €74,431 to €129,817
- Taxes +€11,014
up €11,014 (+167%), from €6,580 to €17,594
- Other operating charges +€4,699
up €4,699 (+379%), from €1,239 to €5,938
- Staff costs +€3,681
up €3,681 (+7.9%), from €46,574 to €50,255
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €123,320 | €102,390 | -€20,930 | -17.0% |
| Fixed assets | 21/28 | €6,977 | €5,170 | -€1,807 | -25.9% |
| Tangible fixed assets | 22/27 | €6,977 | €5,170 | -€1,807 | -25.9% |
| Furniture and vehicles | 24 | €6,686 | €4,935 | -€1,750 | -26.2% |
| Other tangible fixed assets | 26 | €291 | €234 | -€57 | -19.5% |
| Current assets | 29/58 | €116,343 | €97,220 | -€19,123 | -16.4% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €60,517 | €25,245 | -€35,272 | -58.3% |
| Trade receivables | 40 | €19,540 | €12,205 | -€7,335 | -37.5% |
| Other amounts receivable | 41 | €40,978 | €13,040 | -€27,938 | -68.2% |
| Cash at bank and in hand | 54/58 | €6,661 | €17,895 | +€11,234 | +169% |
| Deferred charges and accrued income | 490/1 | €24,165 | €29,081 | +€4,916 | +20.3% |
| Total equity and liabilities | 10/49 | €123,320 | €102,390 | -€20,930 | -17.0% |
| Equity | 10/15 | €62,423 | €31,492 | -€30,931 | -49.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €42,423 | €11,492 | -€30,931 | -72.9% |
| Distributable reserves | 133 | €42,423 | €11,492 | -€30,931 | -72.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €60,897 | €70,898 | +€10,001 | +16.4% |
| Amounts payable within one year | 42/48 | €60,897 | €70,898 | +€10,001 | +16.4% |
| Financial debts | 43 | €25,293 | €100 | -€25,193 | -99.6% |
| Credit institutions | 430/8 | €25,293 | €100 | -€25,193 | -99.6% |
| Trade debts | 44 | €3,990 | €5,615 | +€1,625 | +40.7% |
| Suppliers | 440/4 | €3,990 | €5,615 | +€1,625 | +40.7% |
| Taxes, remuneration and social security | 45 | €11,055 | €23,753 | +€12,698 | +115% |
| Taxes | 450/3 | €4,910 | €17,125 | +€12,215 | +249% |
| Remuneration and social security | 454/9 | €6,145 | €6,628 | +€483 | +7.9% |
| Other amounts payable | 47/48 | €20,560 | €41,430 | +€20,871 | +102% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €46,574 | €50,255 | +€3,681 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,250 | €2,454 | -€796 | -24.5% |
| Other operating charges | 640/8 | €1,239 | €5,938 | +€4,699 | +379% |
| Non-recurring operating charges | 66A | €0 | €876 | +€876 | |
| Gross operating margin | 9900 | €74,431 | €129,817 | +€55,386 | +74.4% |
| Operating profit (loss) | 9901 | €23,368 | €70,293 | +€46,925 | +201% |
| Financial income | 75/76B | €1,028 | €1,494 | +€466 | +45.3% |
| Recurring financial income | 75 | €1,028 | €1,494 | +€466 | +45.3% |
| Financial charges | 65/66B | €4,407 | €5,123 | +€717 | +16.3% |
| Recurring financial charges | 65 | €4,407 | €5,123 | +€717 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €19,989 | €66,663 | +€46,674 | +233% |
| Income taxes | 67/77 | €6,580 | €17,594 | +€11,014 | +167% |
| Profit (loss) for the period | 9904 | €13,409 | €49,069 | +€35,660 | +266% |
| Profit (loss) for the period to be appropriated | 9905 | €13,409 | €49,069 | +€35,660 | +266% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.