VOLTENO: 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.
VOLTENO
Largest movements
- Receivables within one year +€28,437
up €28,437 (+7,156%), from €397 to €28,834
of which Trade receivables: +€25,578
- Cash -€27,219
down €27,219 (-28.9%), from €94,133 to €66,914
mainly Receivables within one year (-€28,437) and Tax, wage and social debts (-€13,487)
- Tangible fixed assets +€6,366
up €6,366 (+104%), from €6,094 to €12,460
of which Furniture and vehicles: +€4,822
- Profit (loss) carried forward +€17,937
up €17,937 (+23.8%), from €75,442 to €93,379
- Tax, wage and social debts -€13,487
down €13,487 (-63.8%), from €21,126 to €7,639
- Trade debts +€4,642
new in 2025: €4,642
- Current portion of long-term debt -€2,086
no longer reported in 2025 (was €2,086)
- Gross operating margin +€2,356
up €2,356 (+10.5%), from €22,492 to €24,848
- Taxes +€433
up €433 (+9.6%), from €4,530 to €4,964
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 | €100,725 | €108,309 | +€7,584 | +7.5% |
| Fixed assets | 21/28 | €6,094 | €12,460 | +€6,366 | +104% |
| Tangible fixed assets | 22/27 | €6,094 | €12,460 | +€6,366 | +104% |
| Land and buildings | 22 | €655 | €589 | -€66 | -10.1% |
| Plant, machinery and equipment | 23 | €4,821 | €6,430 | +€1,610 | +33.4% |
| Furniture and vehicles | 24 | €618 | €5,441 | +€4,822 | +780% |
| Current assets | 29/58 | €94,631 | €95,849 | +€1,218 | +1.3% |
| Amounts receivable within one year | 40/41 | €397 | €28,834 | +€28,437 | +7,156% |
| Trade receivables | 40 | €230 | €25,808 | +€25,578 | +11,121% |
| Other amounts receivable | 41 | €167 | €3,026 | +€2,859 | +1,708% |
| Cash at bank and in hand | 54/58 | €94,133 | €66,914 | -€27,219 | -28.9% |
| Deferred charges and accrued income | 490/1 | €100 | €100 | = | 0.0% |
| Total equity and liabilities | 10/49 | €100,725 | €108,309 | +€7,584 | +7.5% |
| Equity | 10/15 | €76,442 | €94,379 | +€17,937 | +23.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,442 | €93,379 | +€17,937 | +23.8% |
| Amounts payable | 17/49 | €24,282 | €13,929 | -€10,353 | -42.6% |
| Amounts payable within one year | 42/48 | €24,282 | €13,775 | -€10,507 | -43.3% |
| Current portion of amounts payable after more than one year | 42 | €2,086 | - | -€2,086 | |
| Trade debts | 44 | - | €4,642 | +€4,642 | |
| Suppliers | 440/4 | - | €4,642 | +€4,642 | |
| Taxes, remuneration and social security | 45 | €21,126 | €7,639 | -€13,487 | -63.8% |
| Taxes | 450/3 | €21,126 | €7,639 | -€13,487 | -63.8% |
| Other amounts payable | 47/48 | €1,070 | €1,495 | +€425 | +39.7% |
| Accrued charges and deferred income | 492/3 | - | €154 | +€154 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,122 | €1,147 | +€25 | +2.2% |
| Other operating charges | 640/8 | €828 | €652 | -€176 | -21.2% |
| Gross operating margin | 9900 | €22,492 | €24,848 | +€2,356 | +10.5% |
| Operating profit (loss) | 9901 | €20,542 | €23,049 | +€2,507 | +12.2% |
| Financial income | 75/76B | €2 | €16 | +€14 | +693% |
| Recurring financial income | 75 | €2 | €16 | +€14 | +693% |
| Financial charges | 65/66B | €365 | €164 | -€201 | -55.1% |
| Recurring financial charges | 65 | €365 | €164 | -€201 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | €20,178 | €22,901 | +€2,722 | +13.5% |
| Income taxes | 67/77 | €4,530 | €4,964 | +€433 | +9.6% |
| Profit (loss) for the period | 9904 | €15,648 | €17,937 | +€2,289 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,648 | €17,937 | +€2,289 | +14.6% |
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.