VOLTAGE TD: 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.
VOLTAGE TD
Largest movements
- Cash +€22,966
up €22,966 (+1,388%), from €1,654 to €24,620
mainly Net result for the year (+€16,323) and Receivables within one year (+€7,368)
- Receivables within one year -€7,368
down €7,368 (-6.9%), from €106,169 to €98,801
of which Trade receivables: -€17,701
- Reserves +€16,323
up €16,323 (+25.5%), from €64,095 to €80,418
- Trade debts -€1,755
down €1,755 (-7.3%), from €23,924 to €22,169
- Gross operating margin -€12,987
down €12,987 (-36.2%), from €35,915 to €22,927
- Taxes -€2,707
down €2,707 (-22.6%), from €11,970 to €9,263
- Financial income +€1,788
up €1,788 (+61.2%), from €2,922 to €4,710
- Other operating charges -€537
down €537 (-33.8%), from €1,588 to €1,051
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €109,205 | €124,093 | +€14,888 | +13.6% |
| Fixed assets | 21/28 | €1,155 | €613 | -€542 | -47.0% |
| Tangible fixed assets | 22/27 | €1,155 | €613 | -€542 | -47.0% |
| Plant, machinery and equipment | 23 | €1,114 | €613 | -€502 | -45.0% |
| Furniture and vehicles | 24 | €41 | - | -€41 | |
| Current assets | 29/58 | €108,050 | €123,480 | +€15,431 | +14.3% |
| Stocks and contracts in progress | 3 | €170 | - | -€170 | |
| Stocks | 30/36 | €170 | - | -€170 | |
| Amounts receivable within one year | 40/41 | €106,169 | €98,801 | -€7,368 | -6.9% |
| Trade receivables | 40 | €40,373 | €22,672 | -€17,701 | -43.8% |
| Other amounts receivable | 41 | €65,796 | €76,129 | +€10,333 | +15.7% |
| Cash at bank and in hand | 54/58 | €1,654 | €24,620 | +€22,966 | +1,388% |
| Deferred charges and accrued income | 490/1 | €57 | €59 | +€3 | +4.8% |
| Total equity and liabilities | 10/49 | €109,205 | €124,093 | +€14,888 | +13.6% |
| Equity | 10/15 | €70,295 | €86,618 | +€16,323 | +23.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €64,095 | €80,418 | +€16,323 | +25.5% |
| Distributable reserves | 133 | €64,095 | €80,418 | +€16,323 | +25.5% |
| Amounts payable | 17/49 | €38,910 | €37,475 | -€1,435 | -3.7% |
| Amounts payable within one year | 42/48 | €38,910 | €37,475 | -€1,435 | -3.7% |
| Trade debts | 44 | €23,924 | €22,169 | -€1,755 | -7.3% |
| Suppliers | 440/4 | €23,924 | €22,169 | -€1,755 | -7.3% |
| Taxes, remuneration and social security | 45 | €14,986 | €15,306 | +€320 | +2.1% |
| Taxes | 450/3 | €13,350 | €15,306 | +€1,955 | +14.6% |
| Remuneration and social security | 454/9 | €1,635 | - | -€1,635 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €730 | €542 | -€187 | -25.7% |
| Other operating charges | 640/8 | €1,588 | €1,051 | -€537 | -33.8% |
| Gross operating margin | 9900 | €35,915 | €22,927 | -€12,987 | -36.2% |
| Operating profit (loss) | 9901 | €33,597 | €21,334 | -€12,263 | -36.5% |
| Financial income | 75/76B | €2,922 | €4,710 | +€1,788 | +61.2% |
| Recurring financial income | 75 | €2,922 | €4,710 | +€1,788 | +61.2% |
| Financial charges | 65/66B | €532 | €458 | -€74 | -14.0% |
| Recurring financial charges | 65 | €532 | €458 | -€74 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €35,986 | €25,586 | -€10,400 | -28.9% |
| Income taxes | 67/77 | €11,970 | €9,263 | -€2,707 | -22.6% |
| Profit (loss) for the period | 9904 | €24,016 | €16,323 | -€7,693 | -32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,016 | €16,323 | -€7,693 | -32.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.