VOLTA MANAGEMENT II: 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 II
Largest movements
- Cash +€115,818
up €115,818 (+100%), from €115,551 to €231,369
mainly Net result for the year (+€212,743) and Tax, wage and social debts (+€14,236)
- Financial fixed assets +€44,867
up €44,867 (+5.7%), from €784,748 to €829,615
- Tangible fixed assets -€31,897
down €31,897 (-61.1%), from €52,205 to €20,308
- Profit (loss) carried forward +€212,743
up €212,743 (+34.5%), from €616,632 to €829,375
- Debts after one year -€100,000
down €100,000 (-100%), from €100,000 to €0
- Tax, wage and social debts +€14,236
up €14,236 (+32.8%), from €43,390 to €57,626
of which Taxes: +€16,968
- Gross operating margin -€119,799
down €119,799 (-19.6%), from €610,536 to €490,738
- Staff costs -€76,396
down €76,396 (-29.9%), from €255,866 to €179,470
- Taxes -€10,731
down €10,731 (-12.2%), from €87,731 to €77,000
- Depreciation -€9,604
down €9,604 (-48.2%), from €19,916 to €10,312
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 | €971,827 | €1,092,032 | +€120,205 | +12.4% |
| Fixed assets | 21/28 | €836,953 | €849,923 | +€12,970 | +1.5% |
| Tangible fixed assets | 22/27 | €52,205 | €20,308 | -€31,897 | -61.1% |
| Furniture and vehicles | 24 | €52,205 | €20,308 | -€31,897 | -61.1% |
| Financial fixed assets | 28 | €784,748 | €829,615 | +€44,867 | +5.7% |
| Current assets | 29/58 | €134,874 | €242,109 | +€107,235 | +79.5% |
| Cash at bank and in hand | 54/58 | €115,551 | €231,369 | +€115,818 | +100% |
| Deferred charges and accrued income | 490/1 | €19,323 | €10,740 | -€8,583 | -44.4% |
| Total equity and liabilities | 10/49 | €971,827 | €1,092,032 | +€120,205 | +12.4% |
| Equity | 10/15 | €789,132 | €1,001,875 | +€212,743 | +27.0% |
| Contributions | 10/11 | €162,500 | €162,500 | = | 0.0% |
| Capital | 10 | €162,500 | €162,500 | = | 0.0% |
| Issued capital | 100 | €162,500 | €162,500 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €616,632 | €829,375 | +€212,743 | +34.5% |
| Amounts payable | 17/49 | €182,695 | €90,157 | -€92,538 | -50.7% |
| Amounts payable after more than one year | 17 | €100,000 | €0 | -€100,000 | -100% |
| Financial debts | 170/4 | €100,000 | €0 | -€100,000 | -100% |
| Amounts payable within one year | 42/48 | €80,542 | €89,933 | +€9,391 | +11.7% |
| Financial debts | 43 | - | €493 | +€493 | |
| Credit institutions | 430/8 | - | €493 | +€493 | |
| Trade debts | 44 | €37,152 | €31,753 | -€5,400 | -14.5% |
| Suppliers | 440/4 | €37,152 | €31,753 | -€5,400 | -14.5% |
| Taxes, remuneration and social security | 45 | €43,390 | €57,626 | +€14,236 | +32.8% |
| Taxes | 450/3 | €20,601 | €37,569 | +€16,968 | +82.4% |
| Remuneration and social security | 454/9 | €22,789 | €20,058 | -€2,731 | -12.0% |
| Other amounts payable | 47/48 | - | €62 | +€62 | |
| Accrued charges and deferred income | 492/3 | €2,153 | €223 | -€1,930 | -89.6% |
| Remuneration, social security and pensions | 62 | €255,866 | €179,470 | -€76,396 | -29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,916 | €10,312 | -€9,604 | -48.2% |
| Other operating charges | 640/8 | €280 | €844 | +€564 | +202% |
| Non-recurring operating charges | 66A | - | €7,632 | +€7,632 | |
| Gross operating margin | 9900 | €610,536 | €490,738 | -€119,799 | -19.6% |
| Operating profit (loss) | 9901 | €334,474 | €292,478 | -€41,996 | -12.6% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €2,772 | €2,739 | -€33 | -1.2% |
| Recurring financial charges | 65 | €2,772 | €2,739 | -€33 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €331,702 | €289,743 | -€41,959 | -12.6% |
| Income taxes | 67/77 | €87,731 | €77,000 | -€10,731 | -12.2% |
| Profit (loss) for the period | 9904 | €243,971 | €212,743 | -€31,228 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €243,971 | €212,743 | -€31,228 | -12.8% |
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 26 October 2026 via checked.be.