Volvert construct: 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.
Volvert construct
Largest movements
- Cash -€26,829
down €26,829 (-35.7%), from €75,108 to €48,279
mainly Debts after one year (-€24,300) and Trade debts (-€21,694)
- Tangible fixed assets -€19,843
down €19,843 (-39.5%), from €50,185 to €30,342
of which Furniture and vehicles: -€17,694
- Receivables within one year -€15,228
down €15,228 (-38.5%), from €39,516 to €24,288
of which Trade receivables: -€16,634
- Stocks and contracts +€13,525
up €13,525 (+1,230%), from €1,100 to €14,625
of which Contracts in progress: +€12,625
- Deferred charges and accrued income +€7,598
up €7,598 (+381%), from €1,996 to €9,595
- Debts after one year -€24,300
down €24,300 (-87.5%), from €27,758 to €3,458
- Trade debts -€21,694
down €21,694 (-84.8%), from €25,573 to €3,879
- Reserves +€9,000
up €9,000 (+10.5%), from €86,000 to €95,000
- Tax, wage and social debts -€4,664
down €4,664 (-60.1%), from €7,764 to €3,100
of which Taxes: -€4,664
- Gross operating margin -€15,855
down €15,855 (-27.1%), from €58,410 to €42,556
- Taxes -€3,354
down €3,354 (-50.1%), from €6,689 to €3,335
- Other operating charges +€589
up €589 (+81.2%), from €726 to €1,315
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 | €167,906 | €127,129 | -€40,777 | -24.3% |
| Fixed assets | 21/28 | €50,185 | €30,342 | -€19,843 | -39.5% |
| Tangible fixed assets | 22/27 | €50,185 | €30,342 | -€19,843 | -39.5% |
| Plant, machinery and equipment | 23 | €6,856 | €4,708 | -€2,149 | -31.3% |
| Furniture and vehicles | 24 | €43,329 | €25,635 | -€17,694 | -40.8% |
| Current assets | 29/58 | €117,721 | €96,787 | -€20,934 | -17.8% |
| Stocks and contracts in progress | 3 | €1,100 | €14,625 | +€13,525 | +1,230% |
| Stocks | 30/36 | €1,100 | €2,000 | +€900 | +81.8% |
| Contracts in progress | 37 | - | €12,625 | +€12,625 | |
| Amounts receivable within one year | 40/41 | €39,516 | €24,288 | -€15,228 | -38.5% |
| Trade receivables | 40 | €32,725 | €16,092 | -€16,634 | -50.8% |
| Other amounts receivable | 41 | €6,791 | €8,196 | +€1,406 | +20.7% |
| Cash at bank and in hand | 54/58 | €75,108 | €48,279 | -€26,829 | -35.7% |
| Deferred charges and accrued income | 490/1 | €1,996 | €9,595 | +€7,598 | +381% |
| Total equity and liabilities | 10/49 | €167,906 | €127,129 | -€40,777 | -24.3% |
| Equity | 10/15 | €91,516 | €100,791 | +€9,275 | +10.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €86,000 | €95,000 | +€9,000 | +10.5% |
| Distributable reserves | 133 | €86,000 | €95,000 | +€9,000 | +10.5% |
| Profit (loss) carried forward | 14 | €516 | €791 | +€275 | +53.2% |
| Amounts payable | 17/49 | €76,389 | €26,338 | -€50,051 | -65.5% |
| Amounts payable after more than one year | 17 | €27,758 | €3,458 | -€24,300 | -87.5% |
| Financial debts | 170/4 | €27,758 | €3,458 | -€24,300 | -87.5% |
| Amounts payable within one year | 42/48 | €47,931 | €22,027 | -€25,905 | -54.0% |
| Current portion of amounts payable after more than one year | 42 | €14,078 | €14,300 | +€221 | +1.6% |
| Trade debts | 44 | €25,573 | €3,879 | -€21,694 | -84.8% |
| Suppliers | 440/4 | €25,573 | €3,879 | -€21,694 | -84.8% |
| Taxes, remuneration and social security | 45 | €7,764 | €3,100 | -€4,664 | -60.1% |
| Taxes | 450/3 | €6,164 | €1,500 | -€4,664 | -75.7% |
| Remuneration and social security | 454/9 | €1,600 | €1,600 | = | 0.0% |
| Other amounts payable | 47/48 | €516 | €748 | +€232 | +45.0% |
| Accrued charges and deferred income | 492/3 | €700 | €853 | +€153 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,201 | €23,748 | +€547 | +2.4% |
| Other operating charges | 640/8 | €726 | €1,315 | +€589 | +81.2% |
| Gross operating margin | 9900 | €58,410 | €42,556 | -€15,855 | -27.1% |
| Operating profit (loss) | 9901 | €34,483 | €17,492 | -€16,991 | -49.3% |
| Financial income | 75/76B | €28 | €3 | -€25 | -89.5% |
| Recurring financial income | 75 | €28 | €3 | -€25 | -89.5% |
| Financial charges | 65/66B | €1,106 | €635 | -€471 | -42.6% |
| Recurring financial charges | 65 | €1,106 | €635 | -€471 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €33,406 | €16,860 | -€16,546 | -49.5% |
| Income taxes | 67/77 | €6,689 | €3,335 | -€3,354 | -50.1% |
| Profit (loss) for the period | 9904 | €26,717 | €13,525 | -€13,192 | -49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,717 | €13,525 | -€13,192 | -49.4% |
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 16 October 2026 via checked.be.