VOLPIN FINASSUR: 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.
VOLPIN FINASSUR
Largest movements
- Cash -€20,775
down €20,775 (-48.4%), from €42,889 to €22,115
mainly Debts after one year (-€51,629) and Other debts (-€11,534)
- Deferred charges and accrued income -€7,656
down €7,656 (-20.9%), from €36,657 to €29,001
- Debts after one year -€51,629
down €51,629 (-21.8%), from €236,635 to €185,005
- Reserves +€40,000
up €40,000 (+48.8%), from €82,000 to €122,000
- Other debts -€11,534
down €11,534 (-11.4%), from €101,082 to €89,548
- Tax, wage and social debts -€5,466
down €5,466 (-25.7%), from €21,308 to €15,842
- Turnover -€69,940
down €69,940 (-36.3%), from €192,584 to €122,644
- Gross operating margin -€57,682
down €57,682 (-47.2%), from €122,272 to €64,591
- Purchases and services -€12,258
down €12,258 (-17.4%), from €70,312 to €58,053
- Financial charges -€7,676
down €7,676 (-43.2%), from €17,786 to €10,110
- Taxes -€7,466
down €7,466 (-35.0%), from €21,308 to €13,842
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 | €497,209 | €468,285 | -€28,924 | -5.8% |
| Fixed assets | 21/28 | €417,663 | €417,170 | -€493 | -0.1% |
| Tangible fixed assets | 22/27 | €995 | €503 | -€493 | -49.5% |
| Furniture and vehicles | 24 | €995 | €503 | -€493 | -49.5% |
| Financial fixed assets | 28 | €416,668 | €416,668 | = | 0.0% |
| Current assets | 29/58 | €79,547 | €51,115 | -€28,431 | -35.7% |
| Cash at bank and in hand | 54/58 | €42,889 | €22,115 | -€20,775 | -48.4% |
| Deferred charges and accrued income | 490/1 | €36,657 | €29,001 | -€7,656 | -20.9% |
| Total equity and liabilities | 10/49 | €497,209 | €468,285 | -€28,924 | -5.8% |
| Equity | 10/15 | €85,273 | €125,354 | +€40,080 | +47.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €82,000 | €122,000 | +€40,000 | +48.8% |
| Distributable reserves | 133 | €82,000 | €122,000 | +€40,000 | +48.8% |
| Profit (loss) carried forward | 14 | €273 | €354 | +€80 | +29.3% |
| Amounts payable | 17/49 | €411,936 | €342,932 | -€69,004 | -16.8% |
| Amounts payable after more than one year | 17 | €236,635 | €185,005 | -€51,629 | -21.8% |
| Financial debts | 170/4 | €236,635 | €185,005 | -€51,629 | -21.8% |
| Amounts payable within one year | 42/48 | €174,094 | €157,926 | -€16,167 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €51,629 | €51,629 | = | 0.0% |
| Trade debts | 44 | €75 | €908 | +€833 | +1,110% |
| Suppliers | 440/4 | €75 | €908 | +€833 | +1,110% |
| Taxes, remuneration and social security | 45 | €21,308 | €15,842 | -€5,466 | -25.7% |
| Taxes | 450/3 | €21,308 | €15,842 | -€5,466 | -25.7% |
| Other amounts payable | 47/48 | €101,082 | €89,548 | -€11,534 | -11.4% |
| Accrued charges and deferred income | 492/3 | €1,208 | €0 | -€1,208 | -100% |
| Turnover | 70 | €192,584 | €122,644 | -€69,940 | -36.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €70,312 | €58,053 | -€12,258 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €484 | €493 | +€9 | +2.0% |
| Other operating charges | 640/8 | €422 | €66 | -€356 | -84.4% |
| Gross operating margin | 9900 | €122,272 | €64,591 | -€57,682 | -47.2% |
| Operating profit (loss) | 9901 | €121,367 | €64,032 | -€57,335 | -47.2% |
| Financial charges | 65/66B | €17,786 | €10,110 | -€7,676 | -43.2% |
| Recurring financial charges | 65 | €17,786 | €10,110 | -€7,676 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €103,581 | €53,922 | -€49,659 | -47.9% |
| Income taxes | 67/77 | €21,308 | €13,842 | -€7,466 | -35.0% |
| Profit (loss) for the period | 9904 | €82,273 | €40,080 | -€42,193 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €82,273 | €40,080 | -€42,193 | -51.3% |
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 26 October 2026 via checked.be.