VOLTA MANAGEMENT: 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 MANAGEMENT
Largest movements
- Deferred charges and accrued income -€123,302
down €123,302 (-97.7%), from €126,190 to €2,888
- Receivables after one year -€100,000
down €100,000 (-100%), from €100,000 to €0
- Receivables within one year +€72,600
new in 2025: €72,600
- Cash +€11,578
up €11,578 (+3.3%), from €346,835 to €358,413
mainly Deferred charges and accrued income (+€123,302) and Receivables after one year (+€100,000)
- Reserves -€100,000
down €100,000 (-16.0%), from €623,057 to €523,057
of which Distributable reserves: -€100,000
- Profit (loss) carried forward -€39,007
new in 2025: -€39,007
- Gross operating margin -€132,668
down €132,668, from €93,573 to -€39,095
- Taxes -€23,627
down €23,627 (-100.0%), from €23,627 to €0
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 | €712,928 | €572,796 | -€140,132 | -19.7% |
| Fixed assets | 21/28 | €139,903 | €138,828 | -€1,075 | -0.8% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €3,195 | €2,120 | -€1,075 | -33.6% |
| Land and buildings | 22 | €3,180 | €2,120 | -€1,060 | -33.3% |
| Furniture and vehicles | 24 | €15 | - | -€15 | |
| Financial fixed assets | 28 | €136,708 | €136,708 | +€0 | 0.0% |
| Current assets | 29/58 | €573,025 | €433,968 | -€139,057 | -24.3% |
| Amounts receivable after more than one year | 29 | €100,000 | €0 | -€100,000 | -100% |
| Other amounts receivable | 291 | €100,000 | €0 | -€100,000 | -100% |
| Amounts receivable within one year | 40/41 | - | €72,600 | +€72,600 | |
| Trade receivables | 40 | - | €72,600 | +€72,600 | |
| Current investments | 50/53 | - | €67 | +€67 | |
| Cash at bank and in hand | 54/58 | €346,835 | €358,413 | +€11,578 | +3.3% |
| Deferred charges and accrued income | 490/1 | €126,190 | €2,888 | -€123,302 | -97.7% |
| Total equity and liabilities | 10/49 | €712,928 | €572,796 | -€140,132 | -19.7% |
| Equity | 10/15 | €685,557 | €546,550 | -€139,007 | -20.3% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Uncalled capital | 101 | €187,500 | €187,500 | = | 0.0% |
| Reserves | 13 | €623,057 | €523,057 | -€100,000 | -16.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €598,057 | €498,057 | -€100,000 | -16.7% |
| Profit (loss) carried forward | 14 | - | -€39,007 | -€39,007 | |
| Amounts payable | 17/49 | €27,371 | €26,246 | -€1,125 | -4.1% |
| Amounts payable within one year | 42/48 | €26,648 | €26,246 | -€402 | -1.5% |
| Trade debts | 44 | €6,050 | €5,648 | -€402 | -6.6% |
| Suppliers | 440/4 | €6,050 | €5,648 | -€402 | -6.6% |
| Taxes, remuneration and social security | 45 | €20,598 | €20,598 | +€0 | 0.0% |
| Taxes | 450/3 | €20,598 | €20,598 | +€0 | 0.0% |
| Accrued charges and deferred income | 492/3 | €723 | €0 | -€723 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,324 | €1,075 | -€249 | -18.8% |
| Other operating charges | 640/8 | €298 | €544 | +€246 | +82.5% |
| Gross operating margin | 9900 | €93,573 | -€39,095 | -€132,668 | |
| Operating profit (loss) | 9901 | €91,951 | -€40,714 | -€132,665 | |
| Financial income | 75/76B | €2,596 | €2,451 | -€145 | -5.6% |
| Recurring financial income | 75 | €2,596 | €2,451 | -€145 | -5.6% |
| Financial charges | 65/66B | €561 | €744 | +€183 | +32.6% |
| Recurring financial charges | 65 | €561 | €744 | +€183 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | €93,986 | -€39,007 | -€132,993 | |
| Income taxes | 67/77 | €23,627 | €0 | -€23,627 | -100.0% |
| Profit (loss) for the period | 9904 | €70,359 | -€39,007 | -€109,366 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,359 | -€39,007 | -€109,366 |
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 14 October 2026 via checked.be.