VOLONT PATRICK: 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.
VOLONT PATRICK
Largest movements
- Receivables within one year -€50,168
down €50,168 (-39.1%), from €128,426 to €78,258
of which Trade receivables: -€52,796
- Tangible fixed assets +€18,943
up €18,943 (+15.4%), from €123,225 to €142,168
of which Land and buildings: +€20,198
- Stocks and contracts +€17,626
up €17,626 (+640.4%), from €2,752 to €20,378
of which Contracts in progress: +€11,457
- Debts after one year -€16,541
down €16,541 (-53.4%), from €31,004 to €14,463
- Other debts +€14,192
up €14,192 (+379.9%), from €3,736 to €17,928
- Short-term financial debts +€11,364
up €11,364 (+55.3%), from €20,559 to €31,923
- Advances received -€10,876
no longer reported in 2024 (was €10,876)
- Current portion of long-term debt -€8,222
down €8,222 (-33.2%), from €24,763 to €16,541
- Gross operating margin -€18,150
down €18,150 (-18.3%), from €99,428 to €81,277
- Taxes -€9,566
down €9,566 (-74.2%), from €12,894 to €3,328
- Other operating charges +€2,172
up €2,172 (+70.5%), from €3,079 to €5,251
- Depreciation +€2,049
up €2,049 (+11.2%), from €18,216 to €20,265
- Financial charges +€1,135
up €1,135 (+15.2%), from €7,448 to €8,583
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €256,518 | €242,461 | -€14,056 | -5.5% |
| Fixed assets | 21/28 | €124,735 | €143,678 | +€18,943 | +15.2% |
| Tangible fixed assets | 22/27 | €123,225 | €142,168 | +€18,943 | +15.4% |
| Land and buildings | 22 | €121,969 | €142,168 | +€20,198 | +16.6% |
| Furniture and vehicles | 24 | €1,255 | - | -€1,255 | |
| Financial fixed assets | 28 | €1,510 | €1,510 | = | 0.0% |
| Current assets | 29/58 | €131,783 | €98,784 | -€32,999 | -25.0% |
| Stocks and contracts in progress | 3 | €2,752 | €20,378 | +€17,626 | +640.4% |
| Stocks | 30/36 | €2,752 | €8,921 | +€6,169 | +224.2% |
| Contracts in progress | 37 | - | €11,457 | +€11,457 | |
| Amounts receivable within one year | 40/41 | €128,426 | €78,258 | -€50,168 | -39.1% |
| Trade receivables | 40 | €127,068 | €74,271 | -€52,796 | -41.5% |
| Other amounts receivable | 41 | €1,358 | €3,986 | +€2,628 | +193.5% |
| Deferred charges and accrued income | 490/1 | €605 | €148 | -€456 | -75.5% |
| Total equity and liabilities | 10/49 | €256,518 | €242,461 | -€14,056 | -5.5% |
| Equity | 10/15 | €23,428 | €29,416 | +€5,987 | +25.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,460 | €10,460 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,600 | €8,600 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,596 | €11,308 | +€6,711 | +146.0% |
| Investment grants | 15 | €2,172 | €1,448 | -€724 | -33.3% |
| Amounts payable | 17/49 | €233,089 | €213,046 | -€20,043 | -8.6% |
| Amounts payable after more than one year | 17 | €31,004 | €14,463 | -€16,541 | -53.4% |
| Financial debts | 170/4 | €31,004 | €14,463 | -€16,541 | -53.4% |
| Amounts payable within one year | 42/48 | €201,943 | €198,502 | -€3,442 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €24,763 | €16,541 | -€8,222 | -33.2% |
| Financial debts | 43 | €20,559 | €31,923 | +€11,364 | +55.3% |
| Credit institutions | 430/8 | €20,559 | €31,923 | +€11,364 | +55.3% |
| Trade debts | 44 | €107,867 | €99,670 | -€8,196 | -7.6% |
| Suppliers | 440/4 | €107,867 | €99,670 | -€8,196 | -7.6% |
| Advances received on contracts in progress | 46 | €10,876 | - | -€10,876 | |
| Taxes, remuneration and social security | 45 | €34,143 | €32,440 | -€1,703 | -5.0% |
| Taxes | 450/3 | €22,088 | €19,531 | -€2,556 | -11.6% |
| Remuneration and social security | 454/9 | €12,055 | €12,908 | +€853 | +7.1% |
| Other amounts payable | 47/48 | €3,736 | €17,928 | +€14,192 | +379.9% |
| Accrued charges and deferred income | 492/3 | €142 | €81 | -€61 | -42.7% |
| Remuneration, social security and pensions | 62 | €36,692 | €37,825 | +€1,133 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,216 | €20,265 | +€2,049 | +11.2% |
| Other operating charges | 640/8 | €3,079 | €5,251 | +€2,172 | +70.5% |
| Non-recurring operating charges | 66A | - | €38 | +€38 | |
| Gross operating margin | 9900 | €99,428 | €81,277 | -€18,150 | -18.3% |
| Operating profit (loss) | 9901 | €41,440 | €17,898 | -€23,541 | -56.8% |
| Financial income | 75/76B | €849 | €724 | -€125 | -14.7% |
| Recurring financial income | 75 | €849 | €724 | -€125 | -14.7% |
| Financial charges | 65/66B | €7,448 | €8,583 | +€1,135 | +15.2% |
| Recurring financial charges | 65 | €7,448 | €8,583 | +€1,135 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €34,840 | €10,039 | -€24,801 | -71.2% |
| Income taxes | 67/77 | €12,894 | €3,328 | -€9,566 | -74.2% |
| Profit (loss) for the period | 9904 | €21,947 | €6,711 | -€15,235 | -69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,947 | €6,711 | -€15,235 | -69.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.