VulcanoMRG: 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.
VulcanoMRG
Largest movements
- Cash +€9,920
up €9,920 (+83.5%), from €11,880 to €21,799
mainly Net result for the year (+€11,690) and Tax, wage and social debts (+€10,413)
- Receivables within one year -€6,753
down €6,753 (-35.3%), from €19,123 to €12,371
of which Other amounts receivable: -€4,354
- Tangible fixed assets -€2,998
down €2,998 (-19.7%), from €15,193 to €12,195
- Stocks and contracts -€2,232
down €2,232 (-33.1%), from €6,736 to €4,504
- Deferred charges and accrued income -€1,125
down €1,125 (-25.0%), from €4,500 to €3,375
- Tax, wage and social debts +€10,413
up €10,413 (+47.6%), from €21,880 to €32,294
of which Taxes: +€8,040
- Profit (loss) carried forward -€9,846
down €9,846 (-67.8%), from €14,520 to €4,674
- Contributions -€8,463
down €8,463 (-82.2%), from €10,300 to €1,837
- Trade debts +€5,751
up €5,751 (+58.5%), from €9,839 to €15,590
- Short-term financial debts -€592
no longer reported in 2025 (was €592)
- Staff costs -€61,272
down €61,272 (-50.5%), from €121,267 to €59,995
- Gross operating margin -€33,173
down €33,173 (-24.3%), from €136,567 to €103,394
- Turnover -€30,273
down €30,273 (-6.8%), from €446,612 to €416,338
- Purchases and services -€7,487
down €7,487 (-2.3%), from €329,234 to €321,748
- Taxes +€5,268
up €5,268 (+48.8%), from €10,795 to €16,063
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 | €57,582 | €54,394 | -€3,188 | -5.5% |
| Fixed assets | 21/28 | €15,343 | €12,345 | -€2,998 | -19.5% |
| Tangible fixed assets | 22/27 | €15,193 | €12,195 | -€2,998 | -19.7% |
| Plant, machinery and equipment | 23 | €409 | - | -€409 | |
| Furniture and vehicles | 24 | €6,999 | €5,837 | -€1,162 | -16.6% |
| Other tangible fixed assets | 26 | €7,785 | €6,358 | -€1,428 | -18.3% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €42,239 | €42,049 | -€190 | -0.5% |
| Stocks and contracts in progress | 3 | €6,736 | €4,504 | -€2,232 | -33.1% |
| Stocks | 30/36 | €6,736 | €4,504 | -€2,232 | -33.1% |
| Amounts receivable within one year | 40/41 | €19,123 | €12,371 | -€6,753 | -35.3% |
| Trade receivables | 40 | €2,398 | - | -€2,398 | |
| Other amounts receivable | 41 | €16,725 | €12,371 | -€4,354 | -26.0% |
| Cash at bank and in hand | 54/58 | €11,880 | €21,799 | +€9,920 | +83.5% |
| Deferred charges and accrued income | 490/1 | €4,500 | €3,375 | -€1,125 | -25.0% |
| Total equity and liabilities | 10/49 | €57,582 | €54,394 | -€3,188 | -5.5% |
| Equity | 10/15 | €24,820 | €6,511 | -€18,310 | -73.8% |
| Contributions | 10/11 | €10,300 | €1,837 | -€8,463 | -82.2% |
| Profit (loss) carried forward | 14 | €14,520 | €4,674 | -€9,846 | -67.8% |
| Amounts payable | 17/49 | €32,762 | €47,883 | +€15,121 | +46.2% |
| Amounts payable within one year | 42/48 | €32,762 | €47,883 | +€15,121 | +46.2% |
| Financial debts | 43 | €592 | - | -€592 | |
| Credit institutions | 430/8 | €592 | - | -€592 | |
| Trade debts | 44 | €9,839 | €15,590 | +€5,751 | +58.5% |
| Suppliers | 440/4 | €9,839 | €15,590 | +€5,751 | +58.5% |
| Taxes, remuneration and social security | 45 | €21,880 | €32,294 | +€10,413 | +47.6% |
| Taxes | 450/3 | €19,112 | €27,152 | +€8,040 | +42.1% |
| Remuneration and social security | 454/9 | €2,768 | €5,142 | +€2,373 | +85.7% |
| Other amounts payable | 47/48 | €451 | - | -€451 | |
| Turnover | 70 | €446,612 | €416,338 | -€30,273 | -6.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €329,234 | €321,748 | -€7,487 | -2.3% |
| Remuneration, social security and pensions | 62 | €121,267 | €59,995 | -€61,272 | -50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,472 | €5,298 | -€175 | -3.2% |
| Other operating charges | 640/8 | €4,593 | €3,697 | -€896 | -19.5% |
| Gross operating margin | 9900 | €136,567 | €103,394 | -€33,173 | -24.3% |
| Operating profit (loss) | 9901 | €5,235 | €34,403 | +€29,168 | +557% |
| Financial income | 75/76B | €1,392 | €1,808 | +€416 | +29.9% |
| Recurring financial income | 75 | €1,392 | €1,808 | +€416 | +29.9% |
| Financial charges | 65/66B | €3,363 | €8,458 | +€5,095 | +151% |
| Recurring financial charges | 65 | €3,363 | €8,458 | +€5,095 | +151% |
| Profit (loss) for the period before taxes | 9903 | €3,264 | €27,753 | +€24,489 | +750% |
| Income taxes | 67/77 | €10,795 | €16,063 | +€5,268 | +48.8% |
| Profit (loss) for the period | 9904 | -€7,531 | €11,690 | +€19,221 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,531 | €11,690 | +€19,221 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.