Voltik: 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.
Voltik
Largest movements
- Stocks and contracts +€35,567
up €35,567 (+29.8%), from €119,524 to €155,091
of which Contracts in progress: +€30,340
- Cash +€16,619
up €16,619 (+275.5%), from €6,032 to €22,652
mainly Trade debts (+€48,814) and Depreciation (+€36,718)
- Tangible fixed assets -€13,575
down €13,575 (-12.5%), from €108,946 to €95,371
of which Plant, machinery and equipment: -€7,291
- Receivables within one year +€5,505
up €5,505 (+4.1%), from €135,223 to €140,729
of which Other amounts receivable: +€14,025
- Trade debts +€48,814
up €48,814 (+49.0%), from €99,642 to €148,455
- Reserves +€15,228
up €15,228 (+9.1%), from €167,437 to €182,665
- Debts after one year -€12,090
down €12,090 (-35.3%), from €34,285 to €22,195
- Other debts -€10,433
down €10,433 (-31.0%), from €33,689 to €23,256
- Gross operating margin +€22,953
up €22,953 (+11.3%), from €202,604 to €225,556
- Staff costs +€20,127
up €20,127 (+14.4%), from €139,826 to €159,953
- Depreciation +€3,266
up €3,266 (+9.8%), from €33,452 to €36,718
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 | €406,097 | €447,270 | +€41,173 | +10.1% |
| Fixed assets | 21/28 | €108,946 | €95,371 | -€13,575 | -12.5% |
| Tangible fixed assets | 22/27 | €108,946 | €95,371 | -€13,575 | -12.5% |
| Plant, machinery and equipment | 23 | €25,850 | €18,559 | -€7,291 | -28.2% |
| Furniture and vehicles | 24 | €83,096 | €76,812 | -€6,284 | -7.6% |
| Current assets | 29/58 | €297,151 | €351,899 | +€54,748 | +18.4% |
| Amounts receivable after more than one year | 29 | €36,372 | €33,428 | -€2,944 | -8.1% |
| Other amounts receivable | 291 | €36,372 | €33,428 | -€2,944 | -8.1% |
| Stocks and contracts in progress | 3 | €119,524 | €155,091 | +€35,567 | +29.8% |
| Stocks | 30/36 | €56,554 | €61,781 | +€5,227 | +9.2% |
| Contracts in progress | 37 | €62,970 | €93,310 | +€30,340 | +48.2% |
| Amounts receivable within one year | 40/41 | €135,223 | €140,729 | +€5,505 | +4.1% |
| Trade receivables | 40 | €111,154 | €102,635 | -€8,520 | -7.7% |
| Other amounts receivable | 41 | €24,069 | €38,094 | +€14,025 | +58.3% |
| Cash at bank and in hand | 54/58 | €6,032 | €22,652 | +€16,619 | +275.5% |
| Total equity and liabilities | 10/49 | €406,097 | €447,270 | +€41,173 | +10.1% |
| Equity | 10/15 | €204,309 | €219,537 | +€15,228 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €167,437 | €182,665 | +€15,228 | +9.1% |
| Distributable reserves | 133 | €167,437 | €182,665 | +€15,228 | +9.1% |
| Profit (loss) carried forward | 14 | €18,272 | €18,272 | = | 0.0% |
| Amounts payable | 17/49 | €201,788 | €227,733 | +€25,945 | +12.9% |
| Amounts payable after more than one year | 17 | €34,285 | €22,195 | -€12,090 | -35.3% |
| Financial debts | 170/4 | €34,285 | €22,195 | -€12,090 | -35.3% |
| Amounts payable within one year | 42/48 | €167,083 | €205,063 | +€37,980 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €11,677 | €12,090 | +€413 | +3.5% |
| Trade debts | 44 | €99,642 | €148,455 | +€48,814 | +49.0% |
| Suppliers | 440/4 | €99,642 | €148,455 | +€48,814 | +49.0% |
| Advances received on contracts in progress | 46 | €2,723 | - | -€2,723 | |
| Taxes, remuneration and social security | 45 | €19,353 | €21,262 | +€1,909 | +9.9% |
| Taxes | 450/3 | €293 | €721 | +€428 | +146.4% |
| Remuneration and social security | 454/9 | €19,061 | €20,541 | +€1,481 | +7.8% |
| Other amounts payable | 47/48 | €33,689 | €23,256 | -€10,433 | -31.0% |
| Accrued charges and deferred income | 492/3 | €420 | €475 | +€55 | +13.1% |
| Remuneration, social security and pensions | 62 | €139,826 | €159,953 | +€20,127 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,452 | €36,718 | +€3,266 | +9.8% |
| Other operating charges | 640/8 | €875 | €2,029 | +€1,154 | +132.0% |
| Gross operating margin | 9900 | €202,604 | €225,556 | +€22,953 | +11.3% |
| Operating profit (loss) | 9901 | €28,451 | €26,857 | -€1,594 | -5.6% |
| Financial income | 75/76B | €3,557 | €3,283 | -€274 | -7.7% |
| Recurring financial income | 75 | €3,557 | €3,283 | -€274 | -7.7% |
| Financial charges | 65/66B | €9,735 | €7,484 | -€2,251 | -23.1% |
| Recurring financial charges | 65 | €9,735 | €7,484 | -€2,251 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €22,273 | €22,656 | +€383 | +1.7% |
| Income taxes | 67/77 | €7,318 | €7,428 | +€110 | +1.5% |
| Profit (loss) for the period | 9904 | €14,955 | €15,228 | +€273 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,955 | €15,228 | +€273 | +1.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.