VOLT - AIR: 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 - AIR
Largest movements
- Cash +€98,854
up €98,854 (+26.5%), from €372,462 to €471,316
mainly Net result for the year (+€186,968) and Other debts (+€150,000)
- Tangible fixed assets +€33,776
up €33,776 (+26.2%), from €128,698 to €162,474
of which Furniture and vehicles: +€42,871
- Receivables within one year +€31,575
up €31,575 (+8.7%), from €362,869 to €394,444
of which Trade receivables: +€40,867
- Stocks and contracts +€23,842
up €23,842 (+19.2%), from €124,253 to €148,095
- Other debts +€150,000
new in 2025: €150,000
- Profit (loss) carried forward +€36,968
up €36,968 (+30.2%), from €122,325 to €159,293
- Tax, wage and social debts -€14,392
down €14,392 (-7.4%), from €194,995 to €180,602
of which Remuneration and social security: -€61,272
- Trade debts +€12,688
up €12,688 (+17.2%), from €73,949 to €86,636
- Gross operating margin +€305,163
up €305,163 (+16.7%), from €1.8m to €2.1m
- Staff costs +€194,677
up €194,677 (+11.8%), from €1.7m to €1.8m
- Taxes +€21,738
up €21,738 (+59.1%), from €36,769 to €58,506
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.
Cash bridge derived
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 | €1,043,286 | €1,228,550 | +€185,264 | +17.8% |
| Fixed assets | 21/28 | €129,077 | €162,853 | +€33,776 | +26.2% |
| Tangible fixed assets | 22/27 | €128,698 | €162,474 | +€33,776 | +26.2% |
| Plant, machinery and equipment | 23 | €74,110 | €65,015 | -€9,095 | -12.3% |
| Furniture and vehicles | 24 | €54,588 | €97,459 | +€42,871 | +78.5% |
| Financial fixed assets | 28 | €379 | €379 | = | 0.0% |
| Current assets | 29/58 | €914,209 | €1,065,696 | +€151,487 | +16.6% |
| Stocks and contracts in progress | 3 | €124,253 | €148,095 | +€23,842 | +19.2% |
| Stocks | 30/36 | €124,253 | €148,095 | +€23,842 | +19.2% |
| Amounts receivable within one year | 40/41 | €362,869 | €394,444 | +€31,575 | +8.7% |
| Trade receivables | 40 | €337,462 | €378,328 | +€40,867 | +12.1% |
| Other amounts receivable | 41 | €25,407 | €16,115 | -€9,292 | -36.6% |
| Current investments | 50/53 | €51,626 | €51,842 | +€217 | +0.4% |
| Cash at bank and in hand | 54/58 | €372,462 | €471,316 | +€98,854 | +26.5% |
| Deferred charges and accrued income | 490/1 | €3,000 | - | -€3,000 | |
| Total equity and liabilities | 10/49 | €1,043,286 | €1,228,550 | +€185,264 | +17.8% |
| Equity | 10/15 | €774,343 | €811,311 | +€36,968 | +4.8% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €562,018 | €562,018 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Legal reserve | 130 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €553,018 | €553,018 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,325 | €159,293 | +€36,968 | +30.2% |
| Amounts payable | 17/49 | €268,943 | €417,238 | +€148,295 | +55.1% |
| Amounts payable within one year | 42/48 | €268,943 | €417,238 | +€148,295 | +55.1% |
| Trade debts | 44 | €73,949 | €86,636 | +€12,688 | +17.2% |
| Suppliers | 440/4 | €73,949 | €86,636 | +€12,688 | +17.2% |
| Taxes, remuneration and social security | 45 | €194,995 | €180,602 | -€14,392 | -7.4% |
| Taxes | 450/3 | €12,842 | €59,721 | +€46,880 | +365.1% |
| Remuneration and social security | 454/9 | €182,153 | €120,881 | -€61,272 | -33.6% |
| Other amounts payable | 47/48 | - | €150,000 | +€150,000 | |
| Non-recurring operating income | 76A | €9,747 | €11,081 | +€1,334 | +13.7% |
| Remuneration, social security and pensions | 62 | €1,650,346 | €1,845,023 | +€194,677 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,428 | €32,498 | +€18,070 | +125.2% |
| Other operating charges | 640/8 | €1,611 | €4,987 | +€3,376 | +209.6% |
| Gross operating margin | 9900 | €1,822,799 | €2,127,962 | +€305,163 | +16.7% |
| Operating profit (loss) | 9901 | €156,413 | €245,453 | +€89,040 | +56.9% |
| Financial income | 75/76B | €3,085 | €444 | -€2,641 | -85.6% |
| Recurring financial income | 75 | €3,085 | €444 | -€2,641 | -85.6% |
| Financial charges | 65/66B | €405 | €423 | +€18 | +4.6% |
| Recurring financial charges | 65 | €405 | €423 | +€18 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €159,094 | €245,475 | +€86,381 | +54.3% |
| Income taxes | 67/77 | €36,769 | €58,506 | +€21,738 | +59.1% |
| Profit (loss) for the period | 9904 | €122,325 | €186,968 | +€64,644 | +52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €122,325 | €186,968 | +€64,644 | +52.8% |
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 11 October 2026 via checked.be.