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.
What changed
VOLTEX
NACE 46.419, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€128,380
2024 · €363,386-€235,006
Equity
€7.3m
2024 · €7.4m-€58,698
Cash
€1.3m
2024 · €798,387+€541,501
Balance sheet total
€8.8m
2024 · €9.0m-€236,696
Largest movements
Assets
- Current investments -€600,000
down €600,000 (-100.0%), from €600,000 to €0
- Cash +€541,501
up €541,501 (+67.8%), from €798,387 to €1.3m
mainly Current investments (+€600,000) and Depreciation (+€353,914)
- Tangible fixed assets -€364,143
down €364,143 (-6.8%), from €5.3m to €5.0m
- Receivables within one year +€196,988
up €196,988 (+32.4%), from €608,476 to €805,465
of which Trade receivables: +€221,627
Equity and liabilities
- Debts after one year -€300,000
down €300,000 (-70.6%), from €425,000 to €125,000
- Other debts +€134,862
up €134,862 (+720.6%), from €18,714 to €153,576
Income statement
- Turnover -€1.5m
down €1.5m (-12.9%), from €11.4m to €10.0m
- Goods and materials -€1.1m
down €1.1m (-13.3%), from €8.3m to €7.2m
of which Purchases: -€981,176
- Taxes -€126,194
down €126,194 (-61.5%), from €205,182 to €78,988
of which Taxes: -€119,353
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.
Result 2024
€363,386
Turnover
-€1.5m
Other operating income
+€7,389
Goods and materials
+€1.1m
Services and other goods
-€53,865
Staff costs
-€7,645
Depreciation
+€21,152
Write-downs
+€9,143
Other operating charges
-€17,866
Other operating items
+€56,181
Financial income
-€2,240
Financial charges
+€3,399
Taxes
+€126,194
Result 2025
€128,380
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.
From operations
+€419,248
Investment
+€610,229
Financing
-€487,976
Cash 2024
€798,387
From operations (derived)
+€419,248
Net result for the year
+€128,380
Depreciation
+€353,914
Stocks and contracts
+€4,350
Receivables within one year
-€196,988
Deferred charges and accrued income
+€6,693
Trade debts
-€1,665
Tax, wage and social debts
-€282
Advances received
+€1,791
Other debts
+€134,862
Accrued charges and deferred income
-€11,806
Investment (derived)
+€610,229
Investment in fixed assets (net)
+€10,229
Current investments
+€600,000
Financing
-€487,976
Debts after one year
-€300,000
Short-term financial debts
-€898
Contributions, distributions and other
-€187,078
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,004,295 | €8,767,599 | -€236,696 | -2.6% |
| Fixed assets | 21/28 | €5,323,234 | €4,959,091 | -€364,143 | -6.8% |
| Tangible fixed assets | 22/27 | €5,323,234 | €4,959,091 | -€364,143 | -6.8% |
| Land and buildings | 22 | €4,722,887 | €4,566,718 | -€156,169 | -3.3% |
| Plant, machinery and equipment | 23 | €102,677 | €52,076 | -€50,602 | -49.3% |
| Furniture and vehicles | 24 | €497,669 | €340,298 | -€157,372 | -31.6% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €3,681,061 | €3,808,508 | +€127,447 | +3.5% |
| Stocks and contracts in progress | 3 | €1,645,007 | €1,640,657 | -€4,350 | -0.3% |
| Stocks | 30/36 | €1,645,007 | €1,640,657 | -€4,350 | -0.3% |
| Raw materials and consumables | 30/31 | €1,850 | €1,500 | -€350 | -18.9% |
| Goods purchased for resale | 34 | €1,643,157 | €1,639,157 | -€4,000 | -0.2% |
| Amounts receivable within one year | 40/41 | €608,476 | €805,465 | +€196,988 | +32.4% |
| Trade receivables | 40 | €491,381 | €713,007 | +€221,627 | +45.1% |
| Other amounts receivable | 41 | €117,096 | €92,457 | -€24,638 | -21.0% |
| Current investments | 50/53 | €600,000 | €0 | -€600,000 | -100.0% |
| Other investments | 51/53 | €600,000 | €0 | -€600,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €798,387 | €1,339,888 | +€541,501 | +67.8% |
| Deferred charges and accrued income | 490/1 | €29,190 | €22,497 | -€6,693 | -22.9% |
| Total equity and liabilities | 10/49 | €9,004,295 | €8,767,599 | -€236,696 | -2.6% |
| Equity | 10/15 | €7,368,921 | €7,310,223 | -€58,698 | -0.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €7,306,921 | €7,248,223 | -€58,698 | -0.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €7,300,721 | €7,242,023 | -€58,698 | -0.8% |
| Amounts payable | 17/49 | €1,635,374 | €1,457,376 | -€177,998 | -10.9% |
| Amounts payable after more than one year | 17 | €425,000 | €125,000 | -€300,000 | -70.6% |
| Financial debts | 170/4 | €425,000 | €125,000 | -€300,000 | -70.6% |
| Credit institutions | 173 | €425,000 | €125,000 | -€300,000 | -70.6% |
| Amounts payable within one year | 42/48 | €1,194,672 | €1,328,480 | +€133,808 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €300,000 | €300,000 | = | 0.0% |
| Financial debts | 43 | €1,016 | €119 | -€898 | -88.3% |
| Credit institutions | 430/8 | €1,016 | €119 | -€898 | -88.3% |
| Trade debts | 44 | €847,700 | €846,035 | -€1,665 | -0.2% |
| Suppliers | 440/4 | €847,700 | €846,035 | -€1,665 | -0.2% |
| Advances received on contracts in progress | 46 | €1,539 | €3,330 | +€1,791 | +116.4% |
| Taxes, remuneration and social security | 45 | €25,703 | €25,421 | -€282 | -1.1% |
| Taxes | 450/3 | €24,719 | €25,421 | +€702 | +2.8% |
| Remuneration and social security | 454/9 | €984 | €0 | -€984 | -100.0% |
| Other amounts payable | 47/48 | €18,714 | €153,576 | +€134,862 | +720.6% |
| Accrued charges and deferred income | 492/3 | €15,701 | €3,895 | -€11,806 | -75.2% |
| Operating income | 70/76A | €11,763,524 | €10,386,519 | -€1.4m | -11.7% |
| Turnover | 70 | €11,432,016 | €9,954,181 | -€1.5m | -12.9% |
| Other operating income | 74 | €323,221 | €330,610 | +€7,389 | +2.3% |
| Non-recurring operating income | 76A | €8,288 | €101,728 | +€93,441 | +1127.5% |
| Operating charges | 60/66A | €11,182,398 | €10,167,751 | -€1.0m | -9.1% |
| Goods for resale, raw materials and consumables | 60 | €8,288,702 | €7,187,715 | -€1.1m | -13.3% |
| Purchases | 600/8 | €8,164,542 | €7,183,365 | -€981,176 | -12.0% |
| Change in stocks: decrease (increase) | 609 | €124,161 | €4,350 | -€119,811 | -96.5% |
| Services and other goods | 61 | €1,684,692 | €1,738,556 | +€53,865 | +3.2% |
| Remuneration, social security and pensions | 62 | €795,691 | €803,336 | +€7,645 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €375,066 | €353,914 | -€21,152 | -5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,812 | -€1,331 | -€9,143 | |
| Other operating charges | 640/8 | €30,436 | €48,302 | +€17,866 | +58.7% |
| Non-recurring operating charges | 66A | - | €37,260 | +€37,260 | |
| Operating profit (loss) | 9901 | €581,126 | €218,768 | -€362,359 | -62.4% |
| Financial income | 75/76B | €13,071 | €10,831 | -€2,240 | -17.1% |
| Recurring financial income | 75 | €13,071 | €10,831 | -€2,240 | -17.1% |
| Income from current assets | 751 | €12,275 | €10,508 | -€1,767 | -14.4% |
| Other financial income | 752/9 | €796 | €323 | -€474 | -59.5% |
| Financial charges | 65/66B | €25,629 | €22,230 | -€3,399 | -13.3% |
| Recurring financial charges | 65 | €25,629 | €22,230 | -€3,399 | -13.3% |
| Debt charges | 650 | €16,915 | €13,414 | -€3,501 | -20.7% |
| Other financial charges | 652/9 | €8,715 | €8,816 | +€102 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €568,568 | €207,368 | -€361,200 | -63.5% |
| Income taxes | 67/77 | €205,182 | €78,988 | -€126,194 | -61.5% |
| Taxes | 670/3 | €205,182 | €85,829 | -€119,353 | -58.2% |
| Tax adjustments and reversals of tax provisions | 77 | - | €6,841 | +€6,841 | |
| Profit (loss) for the period | 9904 | €363,386 | €128,380 | -€235,006 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €363,386 | €128,380 | -€235,006 | -64.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.