VOLTEX: what changed
Two fiscal 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.
VOLTEX
Largest movements
- Receivables within one year -€16,434
down €16,434 (-64.3%), from €25,552 to €9,118
of which Other amounts receivable: -€10,787
- Cash +€5,351
up €5,351 (+4.5%), from €119,956 to €125,307
mainly Net result for the year (+€31,651) and Receivables within one year (+€16,434)
- Stocks and contracts -€4,545
down €4,545 (-2.4%), from €190,036 to €185,490
- Short-term financial debts -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Reserves +€30,724
up €30,724 (+16.1%), from €191,157 to €221,880
- Tax, wage and social debts +€9,331
up €9,331 (+50.0%), from €18,651 to €27,982
of which Taxes: +€6,343
- Gross operating margin +€22,231
up €22,231 (+23.9%), from €93,051 to €115,282
- Staff costs +€17,556
up €17,556 (+37.8%), from €46,455 to €64,011
- Other operating charges -€5,325
down €5,325 (-79.9%), from €6,663 to €1,338
- Financial charges +€2,263
up €2,263 (+33.1%), from €6,846 to €9,109
- Taxes +€2,194
up €2,194 (+15.7%), from €14,018 to €16,212
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.
Cash bridge derived
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 | €347,177 | €331,040 | -€16,137 | -4.6% |
| Fixed assets | 21/28 | €6,462 | €4,926 | -€1,536 | -23.8% |
| Tangible fixed assets | 22/27 | €6,462 | €4,926 | -€1,536 | -23.8% |
| Plant, machinery and equipment | 23 | €873 | €645 | -€228 | -26.1% |
| Furniture and vehicles | 24 | €5,589 | €4,281 | -€1,309 | -23.4% |
| Current assets | 29/58 | €340,715 | €326,114 | -€14,600 | -4.3% |
| Stocks and contracts in progress | 3 | €190,036 | €185,490 | -€4,545 | -2.4% |
| Stocks | 30/36 | €190,036 | €185,490 | -€4,545 | -2.4% |
| Amounts receivable within one year | 40/41 | €25,552 | €9,118 | -€16,434 | -64.3% |
| Trade receivables | 40 | €8,783 | €3,136 | -€5,647 | -64.3% |
| Other amounts receivable | 41 | €16,769 | €5,982 | -€10,787 | -64.3% |
| Cash at bank and in hand | 54/58 | €119,956 | €125,307 | +€5,351 | +4.5% |
| Deferred charges and accrued income | 490/1 | €5,171 | €6,199 | +€1,028 | +19.9% |
| Total equity and liabilities | 10/49 | €347,177 | €331,040 | -€16,137 | -4.6% |
| Equity | 10/15 | €209,757 | €240,480 | +€30,724 | +14.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €191,157 | €221,880 | +€30,724 | +16.1% |
| Distributable reserves | 133 | €191,157 | €221,880 | +€30,724 | +16.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €137,420 | €90,560 | -€46,860 | -34.1% |
| Amounts payable within one year | 42/48 | €134,620 | €90,560 | -€44,060 | -32.7% |
| Financial debts | 43 | €50,000 | €0 | -€50,000 | -100.0% |
| Credit institutions | 430/8 | €50,000 | €0 | -€50,000 | -100.0% |
| Trade debts | 44 | €10,214 | €7,288 | -€2,926 | -28.7% |
| Suppliers | 440/4 | €10,214 | €7,288 | -€2,926 | -28.7% |
| Taxes, remuneration and social security | 45 | €18,651 | €27,982 | +€9,331 | +50.0% |
| Taxes | 450/3 | €10,596 | €16,939 | +€6,343 | +59.9% |
| Remuneration and social security | 454/9 | €8,055 | €11,043 | +€2,988 | +37.1% |
| Other amounts payable | 47/48 | €55,756 | €55,290 | -€465 | -0.8% |
| Accrued charges and deferred income | 492/3 | €2,800 | €0 | -€2,800 | -100.0% |
| Remuneration, social security and pensions | 62 | €46,455 | €64,011 | +€17,556 | +37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,106 | €1,536 | -€570 | -27.1% |
| Other operating charges | 640/8 | €6,663 | €1,338 | -€5,325 | -79.9% |
| Gross operating margin | 9900 | €93,051 | €115,282 | +€22,231 | +23.9% |
| Operating profit (loss) | 9901 | €37,827 | €48,396 | +€10,570 | +27.9% |
| Financial income | 75/76B | €8,887 | €8,577 | -€310 | -3.5% |
| Recurring financial income | 75 | €8,887 | €8,577 | -€310 | -3.5% |
| Financial charges | 65/66B | €6,846 | €9,109 | +€2,263 | +33.1% |
| Recurring financial charges | 65 | €6,846 | €9,109 | +€2,263 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | €39,867 | €47,863 | +€7,997 | +20.1% |
| Income taxes | 67/77 | €14,018 | €16,212 | +€2,194 | +15.7% |
| Profit (loss) for the period | 9904 | €25,849 | €31,651 | +€5,802 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,849 | €31,651 | +€5,802 | +22.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.