VOLPIFACER: 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.
VOLPIFACER
Largest movements
- Receivables within one year -€43,929
down €43,929 (-46.7%), from €93,988 to €50,059
of which Trade receivables: -€35,581
- Cash +€3,080
up €3,080 (+55.7%), from €5,534 to €8,614
mainly Receivables within one year (+€43,929)
- Trade debts -€29,701
down €29,701 (-5.2%), from €567,397 to €537,697
- Profit (loss) carried forward -€11,148
down €11,148 (-2.4%), from -€471,746 to -€482,894
- Gross operating margin +€145,503
up €145,503 (+93.5%), from -€155,657 to -€10,154
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 | €201,352 | €160,503 | -€40,849 | -20.3% |
| Current assets | 29/58 | €201,352 | €160,503 | -€40,849 | -20.3% |
| Amounts receivable within one year | 40/41 | €93,988 | €50,059 | -€43,929 | -46.7% |
| Trade receivables | 40 | €35,581 | - | -€35,581 | |
| Other amounts receivable | 41 | €58,406 | €50,059 | -€8,348 | -14.3% |
| Current investments | 50/53 | €101,830 | €101,830 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,534 | €8,614 | +€3,080 | +55.7% |
| Total equity and liabilities | 10/49 | €201,352 | €160,503 | -€40,849 | -20.3% |
| Equity | 10/15 | -€366,046 | -€377,194 | -€11,148 | -3.0% |
| 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 | €43,700 | €43,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€471,746 | -€482,894 | -€11,148 | -2.4% |
| Amounts payable | 17/49 | €567,397 | €537,697 | -€29,701 | -5.2% |
| Amounts payable within one year | 42/48 | €567,397 | €537,697 | -€29,701 | -5.2% |
| Trade debts | 44 | €567,397 | €537,697 | -€29,701 | -5.2% |
| Suppliers | 440/4 | €567,397 | €537,697 | -€29,701 | -5.2% |
| Non-recurring operating income | 76A | - | €1,509 | +€1,509 | |
| Remuneration, social security and pensions | 62 | -€280 | - | +€280 | |
| Other operating charges | 640/8 | €1,871 | €412 | -€1,459 | -78.0% |
| Non-recurring operating charges | 66A | €2,620 | - | -€2,620 | |
| Gross operating margin | 9900 | -€155,657 | -€10,154 | +€145,503 | +93.5% |
| Operating profit (loss) | 9901 | -€159,867 | -€10,566 | +€149,301 | +93.4% |
| Financial income | 75/76B | €21 | - | -€21 | |
| Recurring financial income | 75 | €21 | - | -€21 | |
| Financial charges | 65/66B | €1,141 | €582 | -€558 | -49.0% |
| Recurring financial charges | 65 | €1,141 | €582 | -€558 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | -€160,987 | -€11,148 | +€149,838 | +93.1% |
| Income taxes | 67/77 | €70 | - | -€70 | |
| Profit (loss) for the period | 9904 | -€161,056 | -€11,148 | +€149,908 | +93.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€161,056 | -€11,148 | +€149,908 | +93.1% |
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 13 October 2026 via checked.be.