VULOTTI: 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.
VULOTTI
Largest movements
- Receivables within one year -€109,132
down €109,132 (-88.8%), from €122,829 to €13,697
of which Trade receivables: -€109,759
- Cash -€5,911
down €5,911 (-28.7%), from €20,576 to €14,664
mainly Trade debts (-€166,608) and Net result for the year (-€9,601)
- Tangible fixed assets -€2,571
down €2,571 (-34.3%), from €7,504 to €4,933
of which Other tangible fixed assets: -€1,970
- Trade debts -€166,608
down €166,608 (-92.8%), from €179,526 to €12,917
- Other debts +€59,597
up €59,597 (+24.4%), from €243,837 to €303,434
- Profit (loss) carried forward -€9,601
down €9,601 (-3.4%), from -€278,456 to -€288,057
- Gross operating margin +€67,344
up €67,344 (+93.1%), from -€72,367 to -€5,023
- Staff costs -€32,536
down €32,536 (-99.8%), from €32,590 to €54
- Other operating charges -€4,480
down €4,480 (-95.9%), from €4,673 to €193
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 | €150,908 | €33,295 | -€117,614 | -77.9% |
| Fixed assets | 21/28 | €7,504 | €4,933 | -€2,571 | -34.3% |
| Tangible fixed assets | 22/27 | €7,504 | €4,933 | -€2,571 | -34.3% |
| Furniture and vehicles | 24 | €896 | €296 | -€600 | -67.0% |
| Other tangible fixed assets | 26 | €6,608 | €4,637 | -€1,970 | -29.8% |
| Current assets | 29/58 | €143,405 | €28,361 | -€115,043 | -80.2% |
| Amounts receivable within one year | 40/41 | €122,829 | €13,697 | -€109,132 | -88.8% |
| Trade receivables | 40 | €122,741 | €12,982 | -€109,759 | -89.4% |
| Other amounts receivable | 41 | €88 | €716 | +€628 | +713.3% |
| Cash at bank and in hand | 54/58 | €20,576 | €14,664 | -€5,911 | -28.7% |
| Total equity and liabilities | 10/49 | €150,908 | €33,295 | -€117,614 | -77.9% |
| Equity | 10/15 | -€273,456 | -€283,057 | -€9,601 | -3.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€278,456 | -€288,057 | -€9,601 | -3.4% |
| Amounts payable | 17/49 | €424,364 | €316,351 | -€108,013 | -25.5% |
| Amounts payable within one year | 42/48 | €424,364 | €316,351 | -€108,013 | -25.5% |
| Trade debts | 44 | €179,526 | €12,917 | -€166,608 | -92.8% |
| Suppliers | 440/4 | €179,526 | €12,917 | -€166,608 | -92.8% |
| Taxes, remuneration and social security | 45 | €1,001 | €0 | -€1,001 | -100.0% |
| Taxes | 450/3 | €974 | €0 | -€974 | -100.0% |
| Remuneration and social security | 454/9 | €26 | €0 | -€26 | -100.0% |
| Other amounts payable | 47/48 | €243,837 | €303,434 | +€59,597 | +24.4% |
| Remuneration, social security and pensions | 62 | €32,590 | €54 | -€32,536 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,571 | €2,571 | = | 0.0% |
| Other operating charges | 640/8 | €4,673 | €193 | -€4,480 | -95.9% |
| Non-recurring operating charges | 66A | €27,532 | €1,675 | -€25,857 | -93.9% |
| Gross operating margin | 9900 | -€72,367 | -€5,023 | +€67,344 | +93.1% |
| Operating profit (loss) | 9901 | -€139,733 | -€9,516 | +€130,217 | +93.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -97.8% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -97.8% |
| Financial charges | 65/66B | €99 | €85 | -€13 | -13.4% |
| Recurring financial charges | 65 | €99 | €85 | -€13 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | -€139,831 | -€9,601 | +€130,230 | +93.1% |
| Profit (loss) for the period | 9904 | -€139,831 | -€9,601 | +€130,230 | +93.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€139,831 | -€9,601 | +€130,230 | +93.1% |
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.