VOLPE ACCOUNTING: what changed
VOLPE ACCOUNTING
Largest movements
- Cash -€13,169
down €13,169 (-50.3%), from €26,160 to €12,991
mainly Contributions, distributions and other (-€45,000) and Other debts (-€17,635)
- Receivables within one year +€7,692
up €7,692 (+92.7%), from €8,296 to €15,988
of which Trade receivables: +€7,700
- Deferred charges and accrued income +€1,907
up €1,907 (+81.2%), from €2,348 to €4,255
- Tangible fixed assets -€1,491
down €1,491 (-37.2%), from €4,010 to €2,520
- Other debts -€17,635
down €17,635 (-96.6%), from €18,262 to €627
- Tax, wage and social debts +€11,618
up €11,618 (+156%), from €7,449 to €19,067
- Trade debts +€5,024
up €5,024 (+676%), from €743 to €5,766
- Profit (loss) carried forward -€4,068
down €4,068 (-87.7%), from €4,638 to €570
- Gross operating margin +€28,135
up €28,135 (+94.1%), from €29,904 to €58,039
- Taxes +€8,754
up €8,754 (+132%), from €6,637 to €15,390
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 | €41,091 | €36,030 | -€5,061 | -12.3% |
| Fixed assets | 21/28 | €4,286 | €2,796 | -€1,491 | -34.8% |
| Tangible fixed assets | 22/27 | €4,010 | €2,520 | -€1,491 | -37.2% |
| Other tangible fixed assets | 26 | €4,010 | €2,520 | -€1,491 | -37.2% |
| Financial fixed assets | 28 | €276 | €276 | = | 0.0% |
| Current assets | 29/58 | €36,805 | €33,235 | -€3,570 | -9.7% |
| Amounts receivable within one year | 40/41 | €8,296 | €15,988 | +€7,692 | +92.7% |
| Trade receivables | 40 | €8,288 | €15,988 | +€7,700 | +92.9% |
| Other amounts receivable | 41 | €8 | - | -€8 | |
| Cash at bank and in hand | 54/58 | €26,160 | €12,991 | -€13,169 | -50.3% |
| Deferred charges and accrued income | 490/1 | €2,348 | €4,255 | +€1,907 | +81.2% |
| Total equity and liabilities | 10/49 | €41,091 | €36,030 | -€5,061 | -12.3% |
| Equity | 10/15 | €14,638 | €10,570 | -€4,068 | -27.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,638 | €570 | -€4,068 | -87.7% |
| Amounts payable | 17/49 | €26,453 | €25,460 | -€993 | -3.8% |
| Amounts payable within one year | 42/48 | €26,453 | €25,460 | -€993 | -3.8% |
| Trade debts | 44 | €743 | €5,766 | +€5,024 | +676% |
| Suppliers | 440/4 | €743 | €5,766 | +€5,024 | +676% |
| Taxes, remuneration and social security | 45 | €7,449 | €19,067 | +€11,618 | +156% |
| Taxes | 450/3 | €7,449 | €19,067 | +€11,618 | +156% |
| Other amounts payable | 47/48 | €18,262 | €627 | -€17,635 | -96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,544 | €1,491 | -€53 | -3.4% |
| Other operating charges | 640/8 | €85 | €88 | +€3 | +3.1% |
| Gross operating margin | 9900 | €29,904 | €58,039 | +€28,135 | +94.1% |
| Operating profit (loss) | 9901 | €28,275 | €56,460 | +€28,185 | +99.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €107 | €137 | +€30 | +28.3% |
| Recurring financial charges | 65 | €107 | €137 | +€30 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €28,168 | €56,323 | +€28,155 | +100.0% |
| Income taxes | 67/77 | €6,637 | €15,390 | +€8,754 | +132% |
| Profit (loss) for the period | 9904 | €21,531 | €40,932 | +€19,401 | +90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,531 | €40,932 | +€19,401 | +90.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.