Vulkaan: 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.
Vulkaan
Largest movements
- Tangible fixed assets +€13,324
up €13,324 (+181.9%), from €7,327 to €20,650
of which Furniture and vehicles: +€10,551
- Receivables within one year +€8,195
up €8,195 (+83.2%), from €9,844 to €18,038
- Cash -€1,397
down €1,397 (-24.9%), from €5,619 to €4,223
mainly Investment in fixed assets (net) (-€18,974) and Receivables within one year (-€8,195)
- Deferred charges and accrued income +€1,337
up €1,337 (+1165.0%), from €115 to €1,452
- Stocks and contracts -€1,000
down €1,000 (-43.5%), from €2,300 to €1,300
- Profit (loss) carried forward +€10,058
up €10,058 (+16.3%), from -€61,551 to -€51,493
- Other debts +€9,604
up €9,604 (+13.2%), from €72,886 to €82,490
- Trade debts +€5,729
up €5,729 (+91.0%), from €6,298 to €12,027
- Tax, wage and social debts -€3,056
down €3,056 (-77.0%), from €3,972 to €915
- Current portion of long-term debt -€1,850
down €1,850 (-100.0%), from €1,850 to €0
- Gross operating margin +€12,281
up €12,281 (+171.7%), from €7,153 to €19,435
- Other operating charges -€7,945
down €7,945 (-87.0%), from €9,137 to €1,192
- Depreciation +€3,539
up €3,539 (+167.6%), from €2,112 to €5,651
- Write-downs -€1,283
down €1,283 (-100.0%), from €1,283 to €0
- Financial charges +€1,257
up €1,257 (+97.2%), from €1,294 to €2,551
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 | €25,479 | €45,938 | +€20,459 | +80.3% |
| Fixed assets | 21/28 | €7,602 | €20,925 | +€13,324 | +175.3% |
| Tangible fixed assets | 22/27 | €7,327 | €20,650 | +€13,324 | +181.9% |
| Plant, machinery and equipment | 23 | €4,243 | €7,291 | +€3,048 | +71.8% |
| Furniture and vehicles | 24 | €1,807 | €12,358 | +€10,551 | +583.9% |
| Other tangible fixed assets | 26 | €1,276 | €1,001 | -€275 | -21.6% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €17,878 | €25,013 | +€7,135 | +39.9% |
| Stocks and contracts in progress | 3 | €2,300 | €1,300 | -€1,000 | -43.5% |
| Stocks | 30/36 | €2,300 | €1,300 | -€1,000 | -43.5% |
| Amounts receivable within one year | 40/41 | €9,844 | €18,038 | +€8,195 | +83.2% |
| Trade receivables | 40 | €9,844 | €18,038 | +€8,195 | +83.2% |
| Cash at bank and in hand | 54/58 | €5,619 | €4,223 | -€1,397 | -24.9% |
| Deferred charges and accrued income | 490/1 | €115 | €1,452 | +€1,337 | +1165.0% |
| Total equity and liabilities | 10/49 | €25,479 | €45,938 | +€20,459 | +80.3% |
| Equity | 10/15 | -€59,551 | -€49,493 | +€10,058 | +16.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,551 | -€51,493 | +€10,058 | +16.3% |
| Amounts payable | 17/49 | €85,030 | €95,432 | +€10,401 | +12.2% |
| Amounts payable within one year | 42/48 | €85,030 | €95,432 | +€10,401 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €1,850 | €0 | -€1,850 | -100.0% |
| Financial debts | 43 | €25 | €0 | -€25 | -100.0% |
| Credit institutions | 430/8 | €25 | €0 | -€25 | -100.0% |
| Trade debts | 44 | €6,298 | €12,027 | +€5,729 | +91.0% |
| Suppliers | 440/4 | €6,298 | €12,027 | +€5,729 | +91.0% |
| Taxes, remuneration and social security | 45 | €3,972 | €915 | -€3,056 | -77.0% |
| Taxes | 450/3 | €3,972 | €915 | -€3,056 | -77.0% |
| Other amounts payable | 47/48 | €72,886 | €82,490 | +€9,604 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,112 | €5,651 | +€3,539 | +167.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,283 | €0 | -€1,283 | -100.0% |
| Other operating charges | 640/8 | €9,137 | €1,192 | -€7,945 | -87.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €7,153 | €19,435 | +€12,281 | +171.7% |
| Operating profit (loss) | 9901 | -€5,378 | €12,593 | +€17,970 | |
| Financial income | 75/76B | €21 | €61 | +€40 | +193.8% |
| Recurring financial income | 75 | €21 | €61 | +€40 | +193.8% |
| Financial charges | 65/66B | €1,294 | €2,551 | +€1,257 | +97.2% |
| Recurring financial charges | 65 | €1,294 | €2,551 | +€1,257 | +97.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,651 | €10,103 | +€16,754 | |
| Income taxes | 67/77 | - | €46 | +€46 | |
| Profit (loss) for the period | 9904 | -€6,651 | €10,058 | +€16,708 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,651 | €10,058 | +€16,708 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.