VOLTA: 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.
VOLTA
Largest movements
- Tangible fixed assets -€49,930
down €49,930 (-13.8%), from €361,248 to €311,318
of which Other tangible fixed assets: -€30,193
- Cash -€30,072
down €30,072 (-91.0%), from €33,032 to €2,960
mainly Net result for the year (-€32,843) and Contributions, distributions and other (-€27,176)
- Receivables within one year -€4,808
down €4,808 (-11.7%), from €40,949 to €36,141
of which Other amounts receivable: -€12,026
- Profit (loss) carried forward -€32,843
down €32,843 (-50.3%), from €65,237 to €32,394
- Investment grants -€27,176
down €27,176 (-9.1%), from €297,917 to €270,741
- Accrued charges and deferred income -€16,684
down €16,684 (-78.2%), from €21,325 to €4,641
- Debts within one year -€10,905
down €10,905 (-17.9%), from €60,930 to €50,024
of which Trade debts: -€17,129
- Staff costs -€35,277
down €35,277 (-20.8%), from €169,773 to €134,496
- Turnover +€28,638
up €28,638 (+39.6%), from €72,260 to €100,898
- Purchases and services +€23,615
up €23,615 (+13.3%), from €177,119 to €200,735
- Depreciation -€8,437
down €8,437 (-17.3%), from €48,880 to €40,443
- Gross operating margin -€7,185
down €7,185 (-4.7%), from €153,899 to €146,713
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 | €445,408 | €357,801 | -€87,608 | -19.7% |
| Fixed assets | 21/28 | €363,668 | €312,528 | -€51,140 | -14.1% |
| Intangible fixed assets | 21 | €2,420 | €1,210 | -€1,210 | -50.0% |
| Tangible fixed assets | 22/27 | €361,248 | €311,318 | -€49,930 | -13.8% |
| Plant, machinery and equipment | 23 | €12,609 | €7,450 | -€5,160 | -40.9% |
| Furniture and vehicles | 24 | €14,577 | - | -€14,577 | |
| Other tangible fixed assets | 26 | €334,062 | €303,868 | -€30,193 | -9.0% |
| Current assets | 29/58 | €81,740 | €45,272 | -€36,467 | -44.6% |
| Stocks and contracts in progress | 3 | €925 | €629 | -€295 | -31.9% |
| Stocks | 30/36 | €925 | €629 | -€295 | -31.9% |
| Amounts receivable within one year | 40/41 | €40,949 | €36,141 | -€4,808 | -11.7% |
| Trade receivables | 40 | €10,614 | €17,832 | +€7,218 | +68.0% |
| Other amounts receivable | 41 | €30,335 | €18,309 | -€12,026 | -39.6% |
| Cash at bank and in hand | 54/58 | €33,032 | €2,960 | -€30,072 | -91.0% |
| Deferred charges and accrued income | 490/1 | €6,834 | €5,542 | -€1,292 | -18.9% |
| Total equity and liabilities | 10/49 | €445,408 | €357,801 | -€87,608 | -19.7% |
| Equity | 10/15 | €363,154 | €303,135 | -€60,019 | -16.5% |
| Profit (loss) carried forward | 14 | €65,237 | €32,394 | -€32,843 | -50.3% |
| Investment grants | 15 | €297,917 | €270,741 | -€27,176 | -9.1% |
| Amounts payable | 17/49 | €82,254 | €54,666 | -€27,589 | -33.5% |
| Amounts payable within one year | 42/48 | €60,930 | €50,024 | -€10,905 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €431 | - | -€431 | |
| Trade debts | 44 | €41,122 | €23,994 | -€17,129 | -41.7% |
| Suppliers | 440/4 | €41,122 | €23,994 | -€17,129 | -41.7% |
| Taxes, remuneration and social security | 45 | €19,376 | €25,819 | +€6,444 | +33.3% |
| Taxes | 450/3 | €2,660 | €10,596 | +€7,936 | +298% |
| Remuneration and social security | 454/9 | €16,716 | €15,223 | -€1,492 | -8.9% |
| Accrued charges and deferred income | 492/3 | €21,325 | €4,641 | -€16,684 | -78.2% |
| Turnover | 70 | €72,260 | €100,898 | +€28,638 | +39.6% |
| Membership fees, donations, legacies and grants | 73 | €257,089 | €245,359 | -€11,730 | -4.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €177,119 | €200,735 | +€23,615 | +13.3% |
| Remuneration, social security and pensions | 62 | €169,773 | €134,496 | -€35,277 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,880 | €40,443 | -€8,437 | -17.3% |
| Other operating charges | 640/8 | €6,613 | €887 | -€5,726 | -86.6% |
| Non-recurring operating charges | 66A | - | €2,594 | +€2,594 | |
| Gross operating margin | 9900 | €153,899 | €146,713 | -€7,185 | -4.7% |
| Operating profit (loss) | 9901 | -€71,367 | -€31,706 | +€39,661 | +55.6% |
| Financial income | 75/76B | €3 | €11 | +€8 | +263% |
| Recurring financial income | 75 | €3 | €11 | +€8 | +263% |
| Financial charges | 65/66B | €1,925 | €1,148 | -€777 | -40.4% |
| Recurring financial charges | 65 | €1,925 | €1,148 | -€777 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | -€73,289 | -€32,843 | +€40,446 | +55.2% |
| Profit (loss) for the period | 9904 | -€73,289 | -€32,843 | +€40,446 | +55.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,289 | -€32,843 | +€40,446 | +55.2% |
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 24 October 2026 via checked.be.