VOLTIXX: 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.
VOLTIXX
Largest movements
- Stocks and contracts +€9.1m
up €9.1m (+694.6%), from €1.3m to €10.4m
- Receivables within one year +€9.0m
up €9.0m (+1379.4%), from €650,164 to €9.6m
of which Trade receivables: +€8.9m
- Trade debts +€11.2m
up €11.2m (+4435.6%), from €253,049 to €11.5m
- Reserves +€2.5m
up €2.5m (+748.7%), from €335,685 to €2.8m
- Debts after one year +€2.5m
up €2.5m (+22129.0%), from €11,139 to €2.5m
- Tax, wage and social debts +€1.7m
up €1.7m (+788.4%), from €218,351 to €1.9m
of which Taxes: +€1.7m
- Other debts -€490,000
no longer reported in 2025 (was €490,000)
- Gross operating margin +€3.3m
up €3.3m (+492.2%), from €669,169 to €4.0m
- Taxes +€728,020
up €728,020 (+648.0%), from €112,341 to €840,361
- Staff costs +€284,691
up €284,691 (+244.2%), from €116,591 to €401,281
- Financial charges +€98,019
up €98,019 (+97.3%), from €100,698 to €198,718
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 | €2,382,540 | €20,439,270 | +€18.1m | +757.9% |
| Fixed assets | 21/28 | €33,188 | €54,742 | +€21,554 | +64.9% |
| Intangible fixed assets | 21 | €4,494 | €3,204 | -€1,290 | -28.7% |
| Tangible fixed assets | 22/27 | €19,694 | €42,538 | +€22,844 | +116.0% |
| Furniture and vehicles | 24 | €4,317 | €4,511 | +€194 | +4.5% |
| Leasing and similar rights | 25 | €15,377 | €36,048 | +€20,671 | +134.4% |
| Other tangible fixed assets | 26 | - | €1,979 | +€1,979 | |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €2,349,352 | €20,384,528 | +€18.0m | +767.7% |
| Stocks and contracts in progress | 3 | €1,309,069 | €10,402,224 | +€9.1m | +694.6% |
| Stocks | 30/36 | €1,309,069 | €10,402,224 | +€9.1m | +694.6% |
| Amounts receivable within one year | 40/41 | €650,164 | €9,618,705 | +€9.0m | +1379.4% |
| Trade receivables | 40 | €647,819 | €9,597,251 | +€8.9m | +1381.5% |
| Other amounts receivable | 41 | €2,345 | €21,454 | +€19,109 | +814.9% |
| Cash at bank and in hand | 54/58 | €385,893 | €300,226 | -€85,666 | -22.2% |
| Deferred charges and accrued income | 490/1 | €4,227 | €63,373 | +€59,147 | +1399.4% |
| Total equity and liabilities | 10/49 | €2,382,540 | €20,439,270 | +€18.1m | +757.9% |
| Equity | 10/15 | €347,685 | €2,860,861 | +€2.5m | +722.8% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €335,685 | €2,848,861 | +€2.5m | +748.7% |
| Distributable reserves | 133 | €335,685 | €2,848,861 | +€2.5m | +748.7% |
| Amounts payable | 17/49 | €2,034,856 | €17,578,409 | +€15.5m | +763.9% |
| Amounts payable after more than one year | 17 | €11,139 | €2,476,190 | +€2.5m | +22129.0% |
| Financial debts | 170/4 | €11,139 | €2,476,190 | +€2.5m | +22129.0% |
| Amounts payable within one year | 42/48 | €1,965,056 | €15,050,167 | +€13.1m | +665.9% |
| Current portion of amounts payable after more than one year | 42 | €3,394 | €224,707 | +€221,313 | +6521.1% |
| Financial debts | 43 | €1,000,263 | €1,408,318 | +€408,055 | +40.8% |
| Credit institutions | 430/8 | €1,000,263 | €1,408,318 | +€408,055 | +40.8% |
| Trade debts | 44 | €253,049 | €11,477,298 | +€11.2m | +4435.6% |
| Suppliers | 440/4 | €253,049 | €11,477,298 | +€11.2m | +4435.6% |
| Taxes, remuneration and social security | 45 | €218,351 | €1,939,845 | +€1.7m | +788.4% |
| Taxes | 450/3 | €209,103 | €1,906,659 | +€1.7m | +811.8% |
| Remuneration and social security | 454/9 | €9,248 | €33,186 | +€23,938 | +258.8% |
| Other amounts payable | 47/48 | €490,000 | - | -€490,000 | |
| Accrued charges and deferred income | 492/3 | €58,660 | €52,052 | -€6,608 | -11.3% |
| Remuneration, social security and pensions | 62 | €116,591 | €401,281 | +€284,691 | +244.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,797 | €9,305 | +€5,508 | +145.1% |
| Other operating charges | 640/8 | €105 | €807 | +€702 | +668.6% |
| Gross operating margin | 9900 | €669,169 | €3,963,063 | +€3.3m | +492.2% |
| Operating profit (loss) | 9901 | €548,677 | €3,551,669 | +€3.0m | +547.3% |
| Financial income | 75/76B | €47 | €585 | +€538 | +1138.2% |
| Recurring financial income | 75 | €47 | €585 | +€538 | +1138.2% |
| Financial charges | 65/66B | €100,698 | €198,718 | +€98,019 | +97.3% |
| Recurring financial charges | 65 | €100,698 | €198,718 | +€98,019 | +97.3% |
| Profit (loss) for the period before taxes | 9903 | €448,025 | €3,353,537 | +€2.9m | +648.5% |
| Income taxes | 67/77 | €112,341 | €840,361 | +€728,020 | +648.0% |
| Profit (loss) for the period | 9904 | €335,685 | €2,513,176 | +€2.2m | +648.7% |
| Profit (loss) for the period to be appropriated | 9905 | €335,685 | €2,513,176 | +€2.2m | +648.7% |
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.