VOLTIO: 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.
VOLTIO
Largest movements
- Receivables after one year +€60,000
new in 2025: €60,000
- Cash -€7,713
down €7,713 (-26.8%), from €28,745 to €21,032
mainly Receivables after one year (-€60,000) and Other debts (-€12,753)
- Tangible fixed assets -€4,250
down €4,250 (-30.2%), from €14,084 to €9,834
- Receivables within one year +€3,795
up €3,795 (+106.4%), from €3,567 to €7,362
of which Trade receivables: +€4,184
- Profit (loss) carried forward +€58,557
up €58,557 (+650.1%), from €9,007 to €67,565
- Other debts -€12,753
down €12,753 (-86.9%), from €14,677 to €1,924
- Tax, wage and social debts +€9,068
up €9,068 (+143.7%), from €6,308 to €15,376
of which Taxes: +€11,068
- Debts after one year -€3,782
down €3,782 (-40.9%), from €9,238 to €5,456
- Accrued charges and deferred income +€1,126
new in 2025: €1,126
- Gross operating margin +€64,872
up €64,872 (+398.4%), from €16,285 to €81,157
- Taxes +€12,469
up €12,469 (+519.4%), from €2,401 to €14,870
- Depreciation +€1,334
up €1,334 (+45.7%), from €2,916 to €4,250
- Write-downs +€1,072
new in 2025: €1,072
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 | €48,383 | €100,601 | +€52,218 | +107.9% |
| Fixed assets | 21/28 | €14,354 | €10,674 | -€3,680 | -25.6% |
| Tangible fixed assets | 22/27 | €14,084 | €9,834 | -€4,250 | -30.2% |
| Furniture and vehicles | 24 | €14,084 | €9,834 | -€4,250 | -30.2% |
| Financial fixed assets | 28 | €270 | €840 | +€570 | +211.1% |
| Current assets | 29/58 | €34,029 | €89,927 | +€55,898 | +164.3% |
| Amounts receivable after more than one year | 29 | - | €60,000 | +€60,000 | |
| Other amounts receivable | 291 | - | €60,000 | +€60,000 | |
| Stocks and contracts in progress | 3 | €1,145 | €977 | -€168 | -14.6% |
| Stocks | 30/36 | €1,145 | €977 | -€168 | -14.6% |
| Amounts receivable within one year | 40/41 | €3,567 | €7,362 | +€3,795 | +106.4% |
| Trade receivables | 40 | €2,285 | €6,469 | +€4,184 | +183.2% |
| Other amounts receivable | 41 | €1,283 | €893 | -€390 | -30.4% |
| Cash at bank and in hand | 54/58 | €28,745 | €21,032 | -€7,713 | -26.8% |
| Deferred charges and accrued income | 490/1 | €572 | €557 | -€16 | -2.8% |
| Total equity and liabilities | 10/49 | €48,383 | €100,601 | +€52,218 | +107.9% |
| Equity | 10/15 | €14,007 | €72,565 | +€58,557 | +418.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,007 | €67,565 | +€58,557 | +650.1% |
| Amounts payable | 17/49 | €34,376 | €28,036 | -€6,339 | -18.4% |
| Amounts payable after more than one year | 17 | €9,238 | €5,456 | -€3,782 | -40.9% |
| Financial debts | 170/4 | €9,238 | €5,456 | -€3,782 | -40.9% |
| Amounts payable within one year | 42/48 | €25,138 | €21,455 | -€3,683 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €3,535 | €3,782 | +€247 | +7.0% |
| Trade debts | 44 | €617 | €372 | -€245 | -39.7% |
| Suppliers | 440/4 | €617 | €372 | -€245 | -39.7% |
| Taxes, remuneration and social security | 45 | €6,308 | €15,376 | +€9,068 | +143.7% |
| Taxes | 450/3 | €4,308 | €15,376 | +€11,068 | +256.9% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €14,677 | €1,924 | -€12,753 | -86.9% |
| Accrued charges and deferred income | 492/3 | - | €1,126 | +€1,126 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,916 | €4,250 | +€1,334 | +45.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,072 | +€1,072 | |
| Other operating charges | 640/8 | €222 | €364 | +€142 | +64.2% |
| Non-recurring operating charges | 66A | - | €601 | +€601 | |
| Gross operating margin | 9900 | €16,285 | €81,157 | +€64,872 | +398.4% |
| Operating profit (loss) | 9901 | €13,147 | €74,870 | +€61,723 | +469.5% |
| Financial income | 75/76B | €10 | €0 | -€10 | -97.6% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -97.6% |
| Financial charges | 65/66B | €1,748 | €1,443 | -€306 | -17.5% |
| Recurring financial charges | 65 | €1,748 | €1,443 | -€306 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €11,408 | €73,427 | +€62,019 | +543.6% |
| Income taxes | 67/77 | €2,401 | €14,870 | +€12,469 | +519.4% |
| Profit (loss) for the period | 9904 | €9,007 | €58,557 | +€49,550 | +550.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,007 | €58,557 | +€49,550 | +550.1% |
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 11 October 2026 via checked.be.