VOLVOX: what changed
Two fiscal 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.
VOLVOX
Largest movements
- Cash -€37,549
down €37,549 (-38.3%), from €98,001 to €60,452
mainly Net result for the year (-€20,369) and Investment in fixed assets (net) (-€9,224)
- Tangible fixed assets +€5,738
up €5,738 (+75.8%), from €7,567 to €13,305
of which Furniture and vehicles: +€6,238
- Receivables within one year +€3,514
up €3,514 (+8164.9%), from €43 to €3,557
- Profit (loss) carried forward -€20,369
down €20,369 (-25.0%), from €81,544 to €61,175
- Tax, wage and social debts -€8,368
down €8,368 (-58.0%), from €14,434 to €6,066
of which Taxes: -€7,870
- Current portion of long-term debt -€1,246
no longer reported in 2025 (was €1,246)
- Trade debts +€1,110
up €1,110 (+21.4%), from €5,181 to €6,291
- Gross operating margin -€42,634
down €42,634, from €27,300 to -€15,334
- Taxes -€5,397
down €5,397 (-92.4%), from €5,840 to €443
- Depreciation +€585
up €585 (+20.1%), from €2,902 to €3,487
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 | €105,611 | €77,314 | -€28,297 | -26.8% |
| Fixed assets | 21/28 | €7,567 | €13,305 | +€5,738 | +75.8% |
| Tangible fixed assets | 22/27 | €7,567 | €13,305 | +€5,738 | +75.8% |
| Plant, machinery and equipment | 23 | €4,253 | €3,753 | -€500 | -11.8% |
| Furniture and vehicles | 24 | €3,314 | €9,552 | +€6,238 | +188.2% |
| Current assets | 29/58 | €98,044 | €64,009 | -€34,035 | -34.7% |
| Amounts receivable within one year | 40/41 | €43 | €3,557 | +€3,514 | +8164.9% |
| Other amounts receivable | 41 | €43 | €3,557 | +€3,514 | +8164.9% |
| Cash at bank and in hand | 54/58 | €98,001 | €60,452 | -€37,549 | -38.3% |
| Total equity and liabilities | 10/49 | €105,611 | €77,314 | -€28,297 | -26.8% |
| Equity | 10/15 | €83,544 | €63,175 | -€20,369 | -24.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,544 | €61,175 | -€20,369 | -25.0% |
| Amounts payable | 17/49 | €22,067 | €14,139 | -€7,928 | -35.9% |
| Amounts payable within one year | 42/48 | €22,067 | €14,139 | -€7,928 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €1,246 | - | -€1,246 | |
| Financial debts | 43 | €9 | €176 | +€168 | +1942.1% |
| Credit institutions | 430/8 | €9 | €176 | +€168 | +1942.1% |
| Trade debts | 44 | €5,181 | €6,291 | +€1,110 | +21.4% |
| Suppliers | 440/4 | €5,181 | €6,291 | +€1,110 | +21.4% |
| Taxes, remuneration and social security | 45 | €14,434 | €6,066 | -€8,368 | -58.0% |
| Taxes | 450/3 | €11,234 | €3,364 | -€7,870 | -70.1% |
| Remuneration and social security | 454/9 | €3,200 | €2,702 | -€498 | -15.6% |
| Other amounts payable | 47/48 | €1,197 | €1,605 | +€408 | +34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,902 | €3,487 | +€585 | +20.1% |
| Other operating charges | 640/8 | €640 | €854 | +€214 | +33.3% |
| Gross operating margin | 9900 | €27,300 | -€15,334 | -€42,634 | |
| Operating profit (loss) | 9901 | €23,757 | -€19,674 | -€43,432 | |
| Financial income | 75/76B | - | €80 | +€80 | |
| Recurring financial income | 75 | - | €80 | +€80 | |
| Financial charges | 65/66B | €430 | €332 | -€98 | -22.8% |
| Recurring financial charges | 65 | €430 | €332 | -€98 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €23,328 | -€19,926 | -€43,254 | |
| Income taxes | 67/77 | €5,840 | €443 | -€5,397 | -92.4% |
| Profit (loss) for the period | 9904 | €17,488 | -€20,369 | -€37,856 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,488 | -€20,369 | -€37,856 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.