VOLTail: 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.
VOLTail
Largest movements
- Stocks and contracts +€32,598
up €32,598 (+197.1%), from €16,540 to €49,138
- Receivables within one year -€16,380
down €16,380 (-89.4%), from €18,325 to €1,945
of which Trade receivables: -€14,452
- Cash +€3,103
up €3,103 (+10327.1%), from €30 to €3,133
mainly Receivables within one year (+€16,380) and Other debts (+€14,019)
- Other debts +€14,019
up €14,019 (+96.8%), from €14,481 to €28,501
- Trade debts -€4,450
down €4,450 (-34.7%), from €12,833 to €8,383
- Reserves +€3,537
new in 2025: €3,537
- Tax, wage and social debts +€2,789
up €2,789 (+264.0%), from €1,057 to €3,846
- Profit (loss) carried forward +€2,324
up €2,324, from -€2,324 to €0
- Gross operating margin +€5,135
up €5,135 (+55.9%), from €9,187 to €14,322
- Other operating charges +€2,794
up €2,794 (+261.7%), from €1,068 to €3,861
- Taxes +€1,807
up €1,807 (+200.3%), from €902 to €2,710
- Depreciation +€809
up €809 (+584.5%), from €138 to €947
- Financial charges +€221
up €221 (+28.4%), from €777 to €998
of which Financial charges: +€221
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 | €37,698 | €57,681 | +€19,984 | +53.0% |
| Fixed assets | 21/28 | €2,099 | €2,651 | +€553 | +26.3% |
| Tangible fixed assets | 22/27 | €2,099 | €2,651 | +€553 | +26.3% |
| Plant, machinery and equipment | 23 | €1,566 | €1,242 | -€324 | -20.7% |
| Furniture and vehicles | 24 | €532 | €1,409 | +€877 | +164.7% |
| Current assets | 29/58 | €35,599 | €55,030 | +€19,431 | +54.6% |
| Stocks and contracts in progress | 3 | €16,540 | €49,138 | +€32,598 | +197.1% |
| Stocks | 30/36 | €16,540 | €49,138 | +€32,598 | +197.1% |
| Amounts receivable within one year | 40/41 | €18,325 | €1,945 | -€16,380 | -89.4% |
| Trade receivables | 40 | €14,599 | €147 | -€14,452 | -99.0% |
| Other amounts receivable | 41 | €3,725 | €1,798 | -€1,927 | -51.7% |
| Cash at bank and in hand | 54/58 | €30 | €3,133 | +€3,103 | +10327.1% |
| Deferred charges and accrued income | 490/1 | €704 | €814 | +€110 | +15.6% |
| Total equity and liabilities | 10/49 | €37,698 | €57,681 | +€19,984 | +53.0% |
| Equity | 10/15 | €8,676 | €14,537 | +€5,861 | +67.6% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Reserves | 13 | - | €3,537 | +€3,537 | |
| Distributable reserves | 133 | - | €3,537 | +€3,537 | |
| Profit (loss) carried forward | 14 | -€2,324 | €0 | +€2,324 | |
| Amounts payable | 17/49 | €29,022 | €43,144 | +€14,122 | +48.7% |
| Amounts payable within one year | 42/48 | €29,022 | €43,144 | +€14,122 | +48.7% |
| Financial debts | 43 | €651 | €2,415 | +€1,764 | +270.9% |
| Other loans | 439 | €651 | €2,415 | +€1,764 | +270.9% |
| Trade debts | 44 | €12,833 | €8,383 | -€4,450 | -34.7% |
| Suppliers | 440/4 | €12,833 | €8,383 | -€4,450 | -34.7% |
| Taxes, remuneration and social security | 45 | €1,057 | €3,846 | +€2,789 | +264.0% |
| Taxes | 450/3 | €1,057 | €3,846 | +€2,789 | +264.0% |
| Other amounts payable | 47/48 | €14,481 | €28,501 | +€14,019 | +96.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138 | €947 | +€809 | +584.5% |
| Other operating charges | 640/8 | €1,068 | €3,861 | +€2,794 | +261.7% |
| Gross operating margin | 9900 | €9,187 | €14,322 | +€5,135 | +55.9% |
| Operating profit (loss) | 9901 | €7,981 | €9,513 | +€1,533 | +19.2% |
| Financial income | 75/76B | €1 | €55 | +€55 | +6496.4% |
| Recurring financial income | 75 | €1 | €55 | +€55 | +6496.4% |
| Financial charges | 65/66B | €777 | €998 | +€221 | +28.4% |
| Recurring financial charges | 65 | €777 | €998 | +€221 | +28.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €7,205 | €8,571 | +€1,366 | +19.0% |
| Income taxes | 67/77 | €902 | €2,710 | +€1,807 | +200.3% |
| Profit (loss) for the period | 9904 | €6,303 | €5,861 | -€441 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,303 | €5,861 | -€441 | -7.0% |
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.