VOLT.: 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.
VOLT.
Largest movements
- Tangible fixed assets -€1,978
down €1,978 (-17.9%), from €11,043 to €9,065
of which Leasing and similar rights: -€4,353
- Cash +€1,401
up €1,401 (+15.9%), from €8,788 to €10,189
mainly Net result for the year (+€13,059) and Depreciation (+€1,978)
- Profit (loss) carried forward +€13,059
up €13,059 (+270%), from €4,839 to €17,898
- Other debts -€11,324
down €11,324 (-86.3%), from €13,121 to €1,797
- Current portion of long-term debt -€2,266
no longer reported in 2025 (was €2,266)
- Tax, wage and social debts +€604
up €604 (+8.5%), from €7,097 to €7,701
- Trade debts -€434
down €434 (-58.3%), from €744 to €311
- Gross operating margin +€1,440
up €1,440 (+6.8%), from €21,287 to €22,727
- Taxes -€373
down €373 (-5.6%), from €6,699 to €6,326
- Other operating charges -€299
down €299 (-26.3%), from €1,139 to €840
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 | €31,067 | €30,706 | -€361 | -1.2% |
| Fixed assets | 21/28 | €11,083 | €9,105 | -€1,978 | -17.8% |
| Tangible fixed assets | 22/27 | €11,043 | €9,065 | -€1,978 | -17.9% |
| Plant, machinery and equipment | 23 | €6,689 | €9,065 | +€2,376 | +35.5% |
| Leasing and similar rights | 25 | €4,353 | - | -€4,353 | |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €19,985 | €21,601 | +€1,617 | +8.1% |
| Amounts receivable within one year | 40/41 | €10,188 | €10,403 | +€215 | +2.1% |
| Trade receivables | 40 | €10,188 | €10,403 | +€215 | +2.1% |
| Cash at bank and in hand | 54/58 | €8,788 | €10,189 | +€1,401 | +15.9% |
| Deferred charges and accrued income | 490/1 | €1,010 | €1,010 | = | 0.0% |
| Total equity and liabilities | 10/49 | €31,067 | €30,706 | -€361 | -1.2% |
| Equity | 10/15 | €7,839 | €20,898 | +€13,059 | +167% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | - | -€3,000 | |
| Other | 1109/19 | €3,000 | - | -€3,000 | |
| Profit (loss) carried forward | 14 | €4,839 | €17,898 | +€13,059 | +270% |
| Amounts payable | 17/49 | €23,228 | €9,809 | -€13,420 | -57.8% |
| Amounts payable within one year | 42/48 | €23,228 | €9,809 | -€13,420 | -57.8% |
| Current portion of amounts payable after more than one year | 42 | €2,266 | - | -€2,266 | |
| Trade debts | 44 | €744 | €311 | -€434 | -58.3% |
| Suppliers | 440/4 | €744 | €311 | -€434 | -58.3% |
| Taxes, remuneration and social security | 45 | €7,097 | €7,701 | +€604 | +8.5% |
| Taxes | 450/3 | €7,097 | €7,701 | +€604 | +8.5% |
| Other amounts payable | 47/48 | €13,121 | €1,797 | -€11,324 | -86.3% |
| Non-recurring operating income | 76A | - | €2,408 | +€2,408 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,978 | €1,978 | = | 0.0% |
| Other operating charges | 640/8 | €1,139 | €840 | -€299 | -26.3% |
| Gross operating margin | 9900 | €21,287 | €22,727 | +€1,440 | +6.8% |
| Operating profit (loss) | 9901 | €18,170 | €19,909 | +€1,739 | +9.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -72.6% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -72.6% |
| Financial charges | 65/66B | €546 | €525 | -€21 | -3.8% |
| Recurring financial charges | 65 | €546 | €525 | -€21 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €17,625 | €19,384 | +€1,759 | +10.0% |
| Income taxes | 67/77 | €6,699 | €6,326 | -€373 | -5.6% |
| Profit (loss) for the period | 9904 | €10,926 | €13,059 | +€2,132 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,926 | €13,059 | +€2,132 | +19.5% |
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 25 October 2026 via checked.be.