Bar Velo: 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.
Bar Velo
Largest movements
- Receivables within one year -€18,240
down €18,240 (-51.3%), from €35,525 to €17,284
of which Other amounts receivable: -€14,428
- Tangible fixed assets -€18,139
down €18,139 (-25.6%), from €70,976 to €52,837
of which Plant, machinery and equipment: -€13,659
- Tax, wage and social debts -€32,059
down €32,059 (-48.6%), from €65,898 to €33,839
of which Remuneration and social security: -€27,824
- Trade debts -€18,761
down €18,761 (-30.7%), from €61,172 to €42,410
- Reserves +€13,163
up €13,163 (+27.0%), from €48,684 to €61,847
- Other debts +€3,000
new in 2025: €3,000
- Gross operating margin -€195,925
down €195,925 (-31.2%), from €628,311 to €432,386
- Staff costs -€193,483
down €193,483 (-33.3%), from €581,541 to €388,058
- Other operating charges -€7,302
down €7,302 (-80.4%), from €9,076 to €1,775
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 | €194,304 | €159,658 | -€34,646 | -17.8% |
| Fixed assets | 21/28 | €71,816 | €53,317 | -€18,499 | -25.8% |
| Intangible fixed assets | 21 | €840 | €480 | -€360 | -42.9% |
| Tangible fixed assets | 22/27 | €70,976 | €52,837 | -€18,139 | -25.6% |
| Plant, machinery and equipment | 23 | €48,528 | €34,869 | -€13,659 | -28.1% |
| Furniture and vehicles | 24 | €5,323 | €3,117 | -€2,207 | -41.4% |
| Other tangible fixed assets | 26 | €17,124 | €14,851 | -€2,273 | -13.3% |
| Current assets | 29/58 | €122,488 | €106,341 | -€16,147 | -13.2% |
| Stocks and contracts in progress | 3 | €8,656 | €10,451 | +€1,795 | +20.7% |
| Stocks | 30/36 | €8,656 | €10,451 | +€1,795 | +20.7% |
| Amounts receivable within one year | 40/41 | €35,525 | €17,284 | -€18,240 | -51.3% |
| Trade receivables | 40 | €19,363 | €15,551 | -€3,812 | -19.7% |
| Other amounts receivable | 41 | €16,162 | €1,733 | -€14,428 | -89.3% |
| Cash at bank and in hand | 54/58 | €71,014 | €70,526 | -€488 | -0.7% |
| Deferred charges and accrued income | 490/1 | €7,293 | €8,079 | +€786 | +10.8% |
| Total equity and liabilities | 10/49 | €194,304 | €159,658 | -€34,646 | -17.8% |
| Equity | 10/15 | €67,234 | €80,397 | +€13,163 | +19.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €48,684 | €61,847 | +€13,163 | +27.0% |
| Distributable reserves | 133 | €48,684 | €61,847 | +€13,163 | +27.0% |
| Amounts payable | 17/49 | €127,070 | €79,261 | -€47,809 | -37.6% |
| Amounts payable within one year | 42/48 | €127,070 | €79,249 | -€47,820 | -37.6% |
| Trade debts | 44 | €61,172 | €42,410 | -€18,761 | -30.7% |
| Suppliers | 440/4 | €61,172 | €42,410 | -€18,761 | -30.7% |
| Taxes, remuneration and social security | 45 | €65,898 | €33,839 | -€32,059 | -48.6% |
| Taxes | 450/3 | €14,714 | €10,479 | -€4,235 | -28.8% |
| Remuneration and social security | 454/9 | €51,184 | €23,360 | -€27,824 | -54.4% |
| Other amounts payable | 47/48 | - | €3,000 | +€3,000 | |
| Accrued charges and deferred income | 492/3 | - | €11 | +€11 | |
| Remuneration, social security and pensions | 62 | €581,541 | €388,058 | -€193,483 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,712 | €28,999 | +€3,287 | +12.8% |
| Other operating charges | 640/8 | €9,076 | €1,775 | -€7,302 | -80.4% |
| Gross operating margin | 9900 | €628,311 | €432,386 | -€195,925 | -31.2% |
| Operating profit (loss) | 9901 | €11,982 | €13,554 | +€1,572 | +13.1% |
| Financial income | 75/76B | €344 | €1,283 | +€939 | +273% |
| Recurring financial income | 75 | €344 | €1,283 | +€939 | +273% |
| Financial charges | 65/66B | €9,904 | €7,389 | -€2,515 | -25.4% |
| Recurring financial charges | 65 | €9,904 | €7,389 | -€2,515 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €2,423 | €7,449 | +€5,026 | +207% |
| Income taxes | 67/77 | - | -€5,714 | -€5,714 | |
| Profit (loss) for the period | 9904 | €2,423 | €13,163 | +€10,740 | +443% |
| Profit (loss) for the period to be appropriated | 9905 | €2,423 | €13,163 | +€10,740 | +443% |
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 28 October 2026 via checked.be.