VOLUME INVEST: 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.
VOLUME INVEST
Largest movements
- Tangible fixed assets +€968,544
up €968,544 (+261%), from €371,090 to €1.3m
of which Land and buildings: +€982,837
- Receivables within one year -€30,736
down €30,736 (-11.6%), from €265,622 to €234,886
of which Other amounts receivable: -€93,886
- Debts after one year +€890,323
up €890,323 (+267%), from €333,029 to €1.2m
- Profit (loss) carried forward -€106,464
down €106,464 (-41.5%), from €256,552 to €150,088
- Other debts +€71,318
new in 2024: €71,318
- Trade debts +€58,248
up €58,248 (+84.4%), from €68,996 to €127,244
- Tax, wage and social debts +€17,154
up €17,154 (+321%), from €5,347 to €22,501
of which Remuneration and social security: +€8,872
- Turnover -€677,000
no longer reported in 2024 (was €677,000)
- Purchases and services -€581,390
no longer reported in 2024 (was €581,390)
- Taxes +€84,403
up €84,403 (+2,220%), from €3,801 to €88,205
- Staff costs +€51,243
new in 2024: €51,243
- Gross operating margin -€17,524
down €17,524 (-13.3%), from €131,270 to €113,746
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.
Derived cash bridge
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 | €724,483 | €1,670,502 | +€946,018 | +131% |
| Fixed assets | 21/28 | €371,090 | €1,339,734 | +€968,644 | +261% |
| Tangible fixed assets | 22/27 | €371,090 | €1,339,634 | +€968,544 | +261% |
| Land and buildings | 22 | €340,696 | €1,323,533 | +€982,837 | +288% |
| Plant, machinery and equipment | 23 | €8,916 | €5,944 | -€2,972 | -33.3% |
| Furniture and vehicles | 24 | €12,592 | €2,173 | -€10,419 | -82.7% |
| Other tangible fixed assets | 26 | €8,886 | €7,984 | -€902 | -10.1% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €353,393 | €330,768 | -€22,626 | -6.4% |
| Stocks and contracts in progress | 3 | €82,000 | €82,000 | = | 0.0% |
| Stocks | 30/36 | €82,000 | €82,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €265,622 | €234,886 | -€30,736 | -11.6% |
| Trade receivables | 40 | €56,958 | €120,108 | +€63,150 | +111% |
| Other amounts receivable | 41 | €208,664 | €114,778 | -€93,886 | -45.0% |
| Cash at bank and in hand | 54/58 | €5,772 | €13,882 | +€8,110 | +141% |
| Total equity and liabilities | 10/49 | €724,483 | €1,670,502 | +€946,018 | +131% |
| Equity | 10/15 | €277,737 | €171,273 | -€106,464 | -38.3% |
| Contributions | 10/11 | €18,700 | €18,700 | = | 0.0% |
| Reserves | 13 | €2,485 | €2,485 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,485 | €2,485 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,485 | €2,485 | = | 0.0% |
| Profit (loss) carried forward | 14 | €256,552 | €150,088 | -€106,464 | -41.5% |
| Amounts payable | 17/49 | €446,746 | €1,499,228 | +€1.1m | +236% |
| Amounts payable after more than one year | 17 | €333,029 | €1,223,352 | +€890,323 | +267% |
| Financial debts | 170/4 | €333,029 | €1,223,352 | +€890,323 | +267% |
| Amounts payable within one year | 42/48 | €109,648 | €271,807 | +€162,159 | +148% |
| Current portion of amounts payable after more than one year | 42 | €35,304 | €50,744 | +€15,440 | +43.7% |
| Trade debts | 44 | €68,996 | €127,244 | +€58,248 | +84.4% |
| Suppliers | 440/4 | €68,996 | €127,244 | +€58,248 | +84.4% |
| Taxes, remuneration and social security | 45 | €5,347 | €22,501 | +€17,154 | +321% |
| Taxes | 450/3 | €3,862 | €12,144 | +€8,282 | +214% |
| Remuneration and social security | 454/9 | €1,485 | €10,357 | +€8,872 | +597% |
| Other amounts payable | 47/48 | - | €71,318 | +€71,318 | |
| Accrued charges and deferred income | 492/3 | €4,070 | €4,070 | = | 0.0% |
| Turnover | 70 | €677,000 | - | -€677,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €581,390 | - | -€581,390 | |
| Remuneration, social security and pensions | 62 | - | €51,243 | +€51,243 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,034 | €27,195 | -€838 | -3.0% |
| Other operating charges | 640/8 | €6,371 | €23,208 | +€16,837 | +264% |
| Gross operating margin | 9900 | €131,270 | €113,746 | -€17,524 | -13.3% |
| Operating profit (loss) | 9901 | €96,865 | €12,100 | -€84,766 | -87.5% |
| Financial income | 75/76B | - | €52 | +€52 | |
| Recurring financial income | 75 | - | €52 | +€52 | |
| Financial charges | 65/66B | €8,587 | €19,027 | +€10,440 | +122% |
| Recurring financial charges | 65 | €8,587 | €19,027 | +€10,440 | +122% |
| Profit (loss) for the period before taxes | 9903 | €88,279 | -€6,875 | -€95,154 | |
| Income taxes | 67/77 | €3,801 | €88,205 | +€84,403 | +2,220% |
| Profit (loss) for the period | 9904 | €84,477 | -€95,080 | -€179,557 | |
| Profit (loss) for the period to be appropriated | 9905 | €84,477 | -€95,080 | -€179,557 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.