VOLUS: 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.
What changed
VOLUS
NACE 82.100, Office administrative and support services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.5m
2024 · €63,331+€4.4m
Equity
€6.9m
2024 · €2.6m+€4.2m
Cash
€3.3m
2024 · €4.5m-€1.2m
Balance sheet total
€29.3m
2024 · €27.2m+€2.1m
Largest movements
Assets
- Stocks and contracts +€1.8m
up €1.8m (+21.7%), from €8.3m to €10.1m
- Financial fixed assets +€1.5m
up €1.5m (+11.2%), from €13.6m to €15.1m
of which Affiliated companies: +€2.0m
- Cash -€1.2m
down €1.2m (-27.4%), from €4.5m to €3.3m
mainly Advances received (-€8.9m) and Stocks and contracts (-€1.8m)
Equity and liabilities
- Advances received -€8.9m
down €8.9m (-92.4%), from €9.6m to €729,688
- Trade debts +€5.6m
up €5.6m (+317.5%), from €1.8m to €7.4m
- Reserves +€4.2m
up €4.2m (+160.9%), from €2.6m to €6.9m
- Debts after one year +€1.4m
up €1.4m (+12.8%), from €11.1m to €12.5m
of which Financial debts: +€2.1m
- Short-term financial debts -€1.0m
down €1.0m (-71.5%), from €1.4m to €402,682
Income statement
- Turnover +€53.3m
up €53.3m (+1040.5%), from €5.1m to €58.4m
- Taxes +€1.3m
up €1.3m (+191678.1%), from €668 to €1.3m
of which Taxes: +€1.3m
- Goods and materials -€1.2m
down €1.2m (-5.5%), from €22.0m to €20.8m
of which Change in stocks: decrease (increase): -€3.0m
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.
Result 2024
€63,331
Turnover
+€53.3m
Other operating income
+€7,049
Goods and materials
+€1.2m
Services and other goods
+€72,586
Staff costs
-€26,581
Depreciation
-€2,624
Other operating charges
+€17,427
Other operating items
-€49.0m
Financial income
+€104,969
Financial charges
+€6,033
Taxes
-€1.3m
Result 2025
€4.5m
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.
From operations
+€166,161
Investment
-€1.5m
Financing
+€136,166
Cash 2024
€4.5m
From operations (derived)
+€166,161
Net result for the year
+€4.5m
Depreciation
+€30,396
Stocks and contracts
-€1.8m
Smaller working-capital items
+€21,283
Trade debts
+€5.6m
Tax, wage and social debts
+€45,341
Advances received
-€8.9m
Other debts
+€684,594
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.5m
Current investments
-€7,500
Financing
+€136,166
Debts after one year
+€1.4m
Short-term financial debts
-€1.0m
Contributions, distributions and other
-€265,000
Cash 2025
€3.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,228,278 | €29,279,394 | +€2.1m | +7.5% |
| Fixed assets | 21/28 | €13,658,123 | €15,156,567 | +€1.5m | +11.0% |
| Intangible fixed assets | 21 | €75,595 | €55,195 | -€20,400 | -27.0% |
| Tangible fixed assets | 22/27 | €12,735 | €7,869 | -€4,866 | -38.2% |
| Furniture and vehicles | 24 | €12,735 | €7,869 | -€4,866 | -38.2% |
| Financial fixed assets | 28 | €13,569,794 | €15,093,503 | +€1.5m | +11.2% |
| Affiliated companies | 280/1 | €12,809,704 | €14,830,872 | +€2.0m | +15.8% |
| Participating interests | 280 | €2,156,719 | €1,606,719 | -€550,000 | -25.5% |
| Amounts receivable | 281 | €10,652,985 | €13,224,153 | +€2.6m | +24.1% |
| Companies linked by participating interests | 282/3 | €256,443 | €68,943 | -€187,500 | -73.1% |
| Participating interests | 282 | €36,000 | €36,000 | = | 0.0% |
| Amounts receivable | 283 | €220,443 | €32,943 | -€187,500 | -85.1% |
| Other financial fixed assets | 284/8 | €503,646 | €193,688 | -€309,959 | -61.5% |
| Amounts receivable and cash guarantees | 285/8 | €503,646 | €193,688 | -€309,959 | -61.5% |
| Current assets | 29/58 | €13,570,154 | €14,122,827 | +€552,673 | +4.1% |
| Stocks and contracts in progress | 3 | €8,291,348 | €10,094,230 | +€1.8m | +21.7% |
| Stocks | 30/36 | €8,291,348 | €10,094,230 | +€1.8m | +21.7% |
| Property held for sale | 35 | €8,291,348 | €10,094,230 | +€1.8m | +21.7% |
| Amounts receivable within one year | 40/41 | €639,775 | €618,351 | -€21,423 | -3.3% |
| Trade receivables | 40 | €435,385 | €539,485 | +€104,100 | +23.9% |
| Other amounts receivable | 41 | €204,389 | €78,867 | -€125,523 | -61.4% |
| Current investments | 50/53 | €130,000 | €137,500 | +€7,500 | +5.8% |
| Other investments | 51/53 | €130,000 | €137,500 | +€7,500 | +5.8% |
| Cash at bank and in hand | 54/58 | €4,502,241 | €3,268,228 | -€1.2m | -27.4% |
| Deferred charges and accrued income | 490/1 | €6,791 | €4,518 | -€2,273 | -33.5% |
| Total equity and liabilities | 10/49 | €27,228,278 | €29,279,394 | +€2.1m | +7.5% |
| Equity | 10/15 | €2,646,889 | €6,871,575 | +€4.2m | +159.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,626,000 | €6,851,000 | +€4.2m | +160.9% |
| Distributable reserves | 133 | €2,626,000 | €6,851,000 | +€4.2m | +160.9% |
| Profit (loss) carried forward | 14 | €889 | €575 | -€314 | -35.4% |
| Amounts payable | 17/49 | €24,581,389 | €22,407,819 | -€2.2m | -8.8% |
| Amounts payable after more than one year | 17 | €11,063,317 | €12,474,725 | +€1.4m | +12.8% |
| Financial debts | 170/4 | - | €2,125,000 | +€2.1m | |
| Credit institutions | 173 | - | €2,125,000 | +€2.1m | |
| Other amounts payable | 178/9 | €11,063,317 | €10,349,725 | -€713,592 | -6.5% |
| Amounts payable within one year | 42/48 | €13,509,212 | €9,926,648 | -€3.6m | -26.5% |
| Financial debts | 43 | €1,412,924 | €402,682 | -€1.0m | -71.5% |
| Credit institutions | 430/8 | €1,412,924 | €402,682 | -€1.0m | -71.5% |
| Trade debts | 44 | €1,769,003 | €7,385,619 | +€5.6m | +317.5% |
| Suppliers | 440/4 | €1,769,003 | €7,385,619 | +€5.6m | +317.5% |
| Advances received on contracts in progress | 46 | €9,648,561 | €729,688 | -€8.9m | -92.4% |
| Taxes, remuneration and social security | 45 | €194,917 | €240,258 | +€45,341 | +23.3% |
| Taxes | 450/3 | €159,656 | €201,765 | +€42,109 | +26.4% |
| Remuneration and social security | 454/9 | €35,261 | €38,493 | +€3,232 | +9.2% |
| Other amounts payable | 47/48 | €483,807 | €1,168,401 | +€684,594 | +141.5% |
| Accrued charges and deferred income | 492/3 | €8,860 | €6,446 | -€2,413 | -27.2% |
| Operating income | 70/76A | €24,596,509 | €28,863,706 | +€4.3m | +17.3% |
| Turnover | 70 | €5,120,356 | €58,397,644 | +€53.3m | +1040.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €19,436,998 | -€29,706,983 | -€49.1m | |
| Other operating income | 74 | €39,155 | €46,205 | +€7,049 | +18.0% |
| Non-recurring operating income | 76A | - | €126,840 | +€126,840 | |
| Operating charges | 60/66A | €24,528,019 | €23,200,124 | -€1.3m | -5.4% |
| Goods for resale, raw materials and consumables | 60 | €21,958,799 | €20,752,482 | -€1.2m | -5.5% |
| Purchases | 600/8 | €21,506,206 | €23,262,600 | +€1.8m | +8.2% |
| Change in stocks: decrease (increase) | 609 | €452,592 | -€2,510,117 | -€3.0m | |
| Services and other goods | 61 | €2,199,282 | €2,126,696 | -€72,586 | -3.3% |
| Remuneration, social security and pensions | 62 | €257,058 | €283,639 | +€26,581 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,772 | €30,396 | +€2,624 | +9.4% |
| Other operating charges | 640/8 | €24,338 | €6,910 | -€17,427 | -71.6% |
| Non-recurring operating charges | 66A | €60,770 | €0 | -€60,770 | -100.0% |
| Operating profit (loss) | 9901 | €68,491 | €5,663,583 | +€5.6m | +8169.1% |
| Financial income | 75/76B | €457,091 | €562,060 | +€104,969 | +23.0% |
| Recurring financial income | 75 | €457,091 | €560,648 | +€103,557 | +22.7% |
| Income from financial fixed assets | 750 | €0 | €200,000 | +€200,000 | |
| Income from current assets | 751 | €456,256 | €359,178 | -€97,078 | -21.3% |
| Other financial income | 752/9 | €835 | €1,470 | +€635 | +76.0% |
| Non-recurring financial income | 76B | €0 | €1,412 | +€1,412 | |
| Financial charges | 65/66B | €461,583 | €455,550 | -€6,033 | -1.3% |
| Recurring financial charges | 65 | €461,583 | €455,550 | -€6,033 | -1.3% |
| Debt charges | 650 | €454,823 | €449,761 | -€5,062 | -1.1% |
| Other financial charges | 652/9 | €6,760 | €5,789 | -€971 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €63,999 | €5,770,092 | +€5.7m | +8916.0% |
| Income taxes | 67/77 | €668 | €1,280,407 | +€1.3m | +191678.1% |
| Taxes | 670/3 | €668 | €1,280,409 | +€1.3m | +191678.4% |
| Tax adjustments and reversals of tax provisions | 77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | €63,331 | €4,489,686 | +€4.4m | +6989.2% |
| Profit (loss) for the period to be appropriated | 9905 | €63,331 | €4,489,686 | +€4.4m | +6989.2% |
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 12 October 2026 via checked.be.