Volta XL: 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 XL
Largest movements
- Tangible fixed assets -€7.7m
down €7.7m (-47.7%), from €16.2m to €8.5m
- Receivables within one year +€2.0m
new in 2025: €2.0m
of which Other amounts receivable: +€2.0m
- Short-term financial debts -€12.3m
no longer reported in 2025 (was €12.3m)
- Debts after one year +€7.6m
up €7.6m (+140.9%), from €5.4m to €13.0m
of which Financial debts: +€7.3m
- Profit (loss) carried forward -€888,091
down €888,091 (-48.6%), from -€1.8m to -€2.7m
- Financial charges +€303,488
up €303,488 (+81.7%), from €371,496 to €674,984
- Other operating charges -€296,425
down €296,425 (-76.2%), from €388,990 to €92,565
- Gross operating margin +€71,714
up €71,714 (+43.3%), from -€165,512 to -€93,797
- Financial income +€56,634
up €56,634 (+5525.2%), from €1,025 to €57,659
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 | €16,204,380 | €10,517,904 | -€5.7m | -35.1% |
| Fixed assets | 21/28 | €16,201,443 | €8,470,750 | -€7.7m | -47.7% |
| Tangible fixed assets | 22/27 | €16,201,443 | €8,470,750 | -€7.7m | -47.7% |
| Land and buildings | 22 | €16,201,443 | €8,470,750 | -€7.7m | -47.7% |
| Current assets | 29/58 | €2,937 | €2,047,154 | +€2.0m | +69595.1% |
| Amounts receivable within one year | 40/41 | - | €2,002,000 | +€2.0m | |
| Trade receivables | 40 | - | €2,000 | +€2,000 | |
| Other amounts receivable | 41 | - | €2,000,000 | +€2.0m | |
| Cash at bank and in hand | 54/58 | €2,937 | €44,968 | +€42,031 | +1430.9% |
| Deferred charges and accrued income | 490/1 | - | €186 | +€186 | |
| Total equity and liabilities | 10/49 | €16,204,380 | €10,517,904 | -€5.7m | -35.1% |
| Equity | 10/15 | -€1,828,126 | -€2,716,217 | -€888,091 | -48.6% |
| Profit (loss) carried forward | 14 | -€1,828,126 | -€2,716,217 | -€888,091 | -48.6% |
| Amounts payable | 17/49 | €18,032,506 | €13,234,121 | -€4.8m | -26.6% |
| Amounts payable after more than one year | 17 | €5,409,472 | €13,033,479 | +€7.6m | +140.9% |
| Financial debts | 170/4 | €3,302,172 | €10,620,003 | +€7.3m | +221.6% |
| Other amounts payable | 178/9 | €2,107,301 | €2,413,476 | +€306,176 | +14.5% |
| Amounts payable within one year | 42/48 | €12,567,066 | €200,641 | -€12.4m | -98.4% |
| Financial debts | 43 | €12,316,219 | - | -€12.3m | |
| Credit institutions | 430/8 | €12,316,219 | - | -€12.3m | |
| Trade debts | 44 | €250,846 | €200,641 | -€50,205 | -20.0% |
| Suppliers | 440/4 | €250,846 | €200,641 | -€50,205 | -20.0% |
| Accrued charges and deferred income | 492/3 | €55,969 | - | -€55,969 | |
| Other operating charges | 640/8 | €388,990 | €92,565 | -€296,425 | -76.2% |
| Non-recurring operating charges | 66A | - | €83,897 | +€83,897 | |
| Gross operating margin | 9900 | -€165,512 | -€93,797 | +€71,714 | +43.3% |
| Operating profit (loss) | 9901 | -€554,502 | -€270,259 | +€284,242 | +51.3% |
| Financial income | 75/76B | €1,025 | €57,659 | +€56,634 | +5525.2% |
| Recurring financial income | 75 | €1,025 | €57,659 | +€56,634 | +5525.2% |
| Financial charges | 65/66B | €371,496 | €674,984 | +€303,488 | +81.7% |
| Recurring financial charges | 65 | €371,496 | €674,984 | +€303,488 | +81.7% |
| Profit (loss) for the period before taxes | 9903 | -€924,972 | -€887,584 | +€37,389 | +4.0% |
| Income taxes | 67/77 | €308 | €507 | +€200 | +64.9% |
| Profit (loss) for the period | 9904 | -€925,280 | -€888,091 | +€37,189 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€925,280 | -€888,091 | +€37,189 | +4.0% |
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 9 October 2026 via checked.be.