Volura: 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.
Volura
Largest movements
- Cash +€692,144
up €692,144 (+44,628%), from €1,551 to €693,695
mainly Net result for the year (+€456,236) and Debts after one year (+€216,269)
- Receivables within one year +€179,334
up €179,334 (+1,863%), from €9,629 to €188,962
of which Trade receivables: +€179,211
- Tangible fixed assets -€142,234
down €142,234 (-32.4%), from €439,479 to €297,245
of which Land and buildings: -€176,754
- Receivables after one year -€41,000
down €41,000 (-100%), from €41,000 to €0
- Intangible fixed assets -€33,333
down €33,333 (-48.0%), from €69,444 to €36,111
- Contributions +€1.3m
up €1.3m (+100%), from €1.3m to €2.5m
- Profit (loss) carried forward -€894,507
down €894,507 (-109%), from -€820,139 to -€1.7m
- Debts after one year +€216,269
up €216,269 (+40.6%), from €532,086 to €748,356
of which Financial debts: +€319,920
- Reserves +€123,470
up €123,470 (+903%), from €13,674 to €137,144
of which Distributable reserves: +€79,660
- Other debts -€41,728
down €41,728 (-100%), from €41,728 to €0
- Financial income +€495,585
up €495,585 (+18,516%), from €2,677 to €498,262
- Gross operating margin +€141,855
up €141,855 (+633%), from €22,394 to €164,249
- Depreciation +€16,379
up €16,379 (+32.4%), from €50,515 to €66,895
- Other operating charges +€7,927
up €7,927 (+175%), from €4,532 to €12,458
- Financial charges -€2,432
down €2,432 (-27.1%), from €8,969 to €6,537
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.
Derived cash bridge
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 | €1,070,532 | €1,731,657 | +€661,125 | +61.8% |
| Formation expenses | 20 | €7,689 | €5,047 | -€2,643 | -34.4% |
| Fixed assets | 21/28 | €1,008,924 | €833,356 | -€175,567 | -17.4% |
| Intangible fixed assets | 21 | €69,444 | €36,111 | -€33,333 | -48.0% |
| Tangible fixed assets | 22/27 | €439,479 | €297,245 | -€142,234 | -32.4% |
| Land and buildings | 22 | €200,000 | €23,246 | -€176,754 | -88.4% |
| Furniture and vehicles | 24 | €28,564 | €27,406 | -€1,157 | -4.1% |
| Other tangible fixed assets | 26 | €210,916 | €246,593 | +€35,678 | +16.9% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €53,920 | €893,254 | +€839,335 | +1,557% |
| Amounts receivable after more than one year | 29 | €41,000 | €0 | -€41,000 | -100% |
| Other amounts receivable | 291 | €41,000 | €0 | -€41,000 | -100% |
| Amounts receivable within one year | 40/41 | €9,629 | €188,962 | +€179,334 | +1,863% |
| Trade receivables | 40 | €9,629 | €188,839 | +€179,211 | +1,861% |
| Other amounts receivable | 41 | €0 | €123 | +€123 | |
| Cash at bank and in hand | 54/58 | €1,551 | €693,695 | +€692,144 | +44,628% |
| Deferred charges and accrued income | 490/1 | €1,740 | €10,597 | +€8,857 | +509% |
| Total equity and liabilities | 10/49 | €1,070,532 | €1,731,657 | +€661,125 | +61.8% |
| Equity | 10/15 | €443,535 | €922,498 | +€478,963 | +108% |
| Contributions | 10/11 | €1,250,000 | €2,500,000 | +€1.3m | +100% |
| Reserves | 13 | €13,674 | €137,144 | +€123,470 | +903% |
| Tax-exempt reserves | 132 | - | €43,810 | +€43,810 | |
| Distributable reserves | 133 | €13,674 | €93,334 | +€79,660 | +583% |
| Profit (loss) carried forward | 14 | -€820,139 | -€1,714,646 | -€894,507 | -109% |
| Amounts payable | 17/49 | €626,998 | €809,159 | +€182,162 | +29.1% |
| Amounts payable after more than one year | 17 | €532,086 | €748,356 | +€216,269 | +40.6% |
| Financial debts | 170/4 | €428,436 | €748,356 | +€319,920 | +74.7% |
| Other amounts payable | 178/9 | €103,650 | €0 | -€103,650 | -100% |
| Amounts payable within one year | 42/48 | €84,522 | €60,804 | -€23,719 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €18,759 | €19,116 | +€357 | +1.9% |
| Trade debts | 44 | €22,558 | €3,630 | -€18,928 | -83.9% |
| Suppliers | 440/4 | €22,558 | €3,630 | -€18,928 | -83.9% |
| Taxes, remuneration and social security | 45 | €1,477 | €38,057 | +€36,580 | +2,476% |
| Taxes | 450/3 | €1,477 | €36,569 | +€35,091 | +2,375% |
| Remuneration and social security | 454/9 | - | €1,488 | +€1,488 | |
| Other amounts payable | 47/48 | €41,728 | €0 | -€41,728 | -100% |
| Accrued charges and deferred income | 492/3 | €10,389 | €0 | -€10,389 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,515 | €66,895 | +€16,379 | +32.4% |
| Other operating charges | 640/8 | €4,532 | €12,458 | +€7,927 | +175% |
| Non-recurring operating charges | 66A | €309,000 | €120,000 | -€189,000 | -61.2% |
| Gross operating margin | 9900 | €22,394 | €164,249 | +€141,855 | +633% |
| Operating profit (loss) | 9901 | -€341,653 | -€35,103 | +€306,549 | +89.7% |
| Financial income | 75/76B | €2,677 | €498,262 | +€495,585 | +18,516% |
| Recurring financial income | 75 | €2,677 | €498,262 | +€495,585 | +18,516% |
| Financial charges | 65/66B | €8,969 | €6,537 | -€2,432 | -27.1% |
| Recurring financial charges | 65 | €8,969 | €6,537 | -€2,432 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | -€347,945 | €456,622 | +€804,567 | |
| Income taxes | 67/77 | €1,974 | €385 | -€1,588 | -80.5% |
| Profit (loss) for the period | 9904 | -€349,919 | €456,236 | +€806,155 | |
| Profit (loss) for the period to be appropriated | 9905 | -€349,919 | €456,236 | +€806,155 |
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 22 October 2026 via checked.be.