VOLTERRA: what changed
VOLTERRA
Largest movements
- Tangible fixed assets +€293,829
up €293,829 (+34.2%), from €859,853 to €1.2m
of which Plant, machinery and equipment: +€337,140
- Receivables within one year +€216,094
up €216,094 (+181%), from €119,584 to €335,679
of which Trade receivables: +€232,252
- Current investments -€200,000
down €200,000 (-100%), from €200,000 to €0
- Cash -€48,359
down €48,359 (-18.0%), from €269,037 to €220,678
mainly Investment in fixed assets (net) (-€360,230) and Receivables within one year (-€216,094)
- Contributions +€227,625
up €227,625 (+17.9%), from €1.3m to €1.5m
- Gross operating margin +€37,636
up €37,636 (+31.5%), from €119,441 to €157,077
- Staff costs +€6,043
up €6,043 (+20.9%), from €28,880 to €34,923
- Financial income -€5,098
down €5,098 (-64.1%), from €7,959 to €2,861
- Other operating charges +€3,980
up €3,980 (+359%), from €1,108 to €5,088
- Depreciation -€3,646
down €3,646 (-5.2%), from €70,047 to €66,401
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,465,503 | €1,725,926 | +€260,423 | +17.8% |
| Fixed assets | 21/28 | €874,853 | €1,168,682 | +€293,829 | +33.6% |
| Tangible fixed assets | 22/27 | €859,853 | €1,153,682 | +€293,829 | +34.2% |
| Land and buildings | 22 | €639,511 | €596,200 | -€43,311 | -6.8% |
| Plant, machinery and equipment | 23 | €220,342 | €557,482 | +€337,140 | +153% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €590,650 | €557,244 | -€33,406 | -5.7% |
| Amounts receivable within one year | 40/41 | €119,584 | €335,679 | +€216,094 | +181% |
| Trade receivables | 40 | €98,284 | €330,536 | +€232,252 | +236% |
| Other amounts receivable | 41 | €21,300 | €5,142 | -€16,158 | -75.9% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100% |
| Cash at bank and in hand | 54/58 | €269,037 | €220,678 | -€48,359 | -18.0% |
| Deferred charges and accrued income | 490/1 | €2,029 | €888 | -€1,141 | -56.2% |
| Total equity and liabilities | 10/49 | €1,465,503 | €1,725,926 | +€260,423 | +17.8% |
| Equity | 10/15 | €1,391,754 | €1,629,929 | +€238,175 | +17.1% |
| Contributions | 10/11 | €1,270,875 | €1,498,500 | +€227,625 | +17.9% |
| Reserves | 13 | €12,600 | €12,600 | = | 0.0% |
| Distributable reserves | 133 | €12,600 | €12,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,279 | €118,829 | +€10,550 | +9.7% |
| Amounts payable | 17/49 | €73,749 | €95,997 | +€22,248 | +30.2% |
| Amounts payable within one year | 42/48 | €73,749 | €95,996 | +€22,247 | +30.2% |
| Trade debts | 44 | €33,340 | €50,012 | +€16,671 | +50.0% |
| Suppliers | 440/4 | €33,340 | €50,012 | +€16,671 | +50.0% |
| Taxes, remuneration and social security | 45 | €2,183 | €4,492 | +€2,309 | +106% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €2,183 | €4,492 | +€2,309 | +106% |
| Other amounts payable | 47/48 | €38,226 | €41,493 | +€3,266 | +8.5% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Remuneration, social security and pensions | 62 | €28,880 | €34,923 | +€6,043 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,047 | €66,401 | -€3,646 | -5.2% |
| Other operating charges | 640/8 | €1,108 | €5,088 | +€3,980 | +359% |
| Gross operating margin | 9900 | €119,441 | €157,077 | +€37,636 | +31.5% |
| Operating profit (loss) | 9901 | €19,406 | €50,665 | +€31,259 | +161% |
| Financial income | 75/76B | €7,959 | €2,861 | -€5,098 | -64.1% |
| Recurring financial income | 75 | €7,959 | €2,861 | -€5,098 | -64.1% |
| Financial charges | 65/66B | €696 | €1,583 | +€887 | +127% |
| Recurring financial charges | 65 | €696 | €1,583 | +€887 | +127% |
| Profit (loss) for the period before taxes | 9903 | €26,669 | €51,943 | +€25,274 | +94.8% |
| Profit (loss) for the period | 9904 | €26,669 | €51,943 | +€25,274 | +94.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,669 | €51,943 | +€25,274 | +94.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.