De Velddreef: 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.
De Velddreef
Largest movements
- Tangible fixed assets -€18,731
down €18,731 (-17.8%), from €105,509 to €86,778
- Cash +€16,531
up €16,531 (+137%), from €12,072 to €28,603
mainly Net result for the year (+€61,920) and Depreciation (+€21,879)
- Deferred charges and accrued income +€12,185
up €12,185 (+36.0%), from €33,804 to €45,989
- Receivables within one year -€7,923
down €7,923 (-59.4%), from €13,346 to €5,423
of which Trade receivables: -€8,646
- Reserves +€25,220
up €25,220 (+14.5%), from €174,369 to €199,589
of which Distributable reserves: +€25,220
- Debts after one year -€19,862
down €19,862 (-30.7%), from €64,676 to €44,814
- Tax, wage and social debts +€5,290
up €5,290 (+18.7%), from €28,284 to €33,573
of which Taxes: +€7,308
- Accrued charges and deferred income -€4,878
no longer reported in 2025 (was €4,878)
- Gross operating margin +€35,369
up €35,369 (+19.1%), from €185,583 to €220,952
- Taxes +€9,058
up €9,058 (+55.2%), from €16,402 to €25,460
- Staff costs +€8,785
up €8,785 (+9.5%), from €92,203 to €100,988
- Depreciation -€2,836
down €2,836 (-11.5%), from €24,715 to €21,879
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 | €382,158 | €386,219 | +€4,061 | +1.1% |
| Fixed assets | 21/28 | €105,559 | €86,828 | -€18,731 | -17.7% |
| Tangible fixed assets | 22/27 | €105,509 | €86,778 | -€18,731 | -17.8% |
| Land and buildings | 22 | €17,810 | €15,859 | -€1,952 | -11.0% |
| Plant, machinery and equipment | 23 | €30,704 | €24,417 | -€6,286 | -20.5% |
| Furniture and vehicles | 24 | €23,005 | €18,778 | -€4,227 | -18.4% |
| Other tangible fixed assets | 26 | €33,990 | €27,724 | -€6,267 | -18.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €276,598 | €299,391 | +€22,793 | +8.2% |
| Amounts receivable after more than one year | 29 | €209,876 | €211,876 | +€2,000 | +1.0% |
| Other amounts receivable | 291 | €209,876 | €211,876 | +€2,000 | +1.0% |
| Stocks and contracts in progress | 3 | €7,500 | €7,500 | = | 0.0% |
| Stocks | 30/36 | €7,500 | €7,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,346 | €5,423 | -€7,923 | -59.4% |
| Trade receivables | 40 | €10,188 | €1,542 | -€8,646 | -84.9% |
| Other amounts receivable | 41 | €3,158 | €3,881 | +€723 | +22.9% |
| Cash at bank and in hand | 54/58 | €12,072 | €28,603 | +€16,531 | +137% |
| Deferred charges and accrued income | 490/1 | €33,804 | €45,989 | +€12,185 | +36.0% |
| Total equity and liabilities | 10/49 | €382,158 | €386,219 | +€4,061 | +1.1% |
| Equity | 10/15 | €223,200 | €248,420 | +€25,220 | +11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €174,369 | €199,589 | +€25,220 | +14.5% |
| Tax-exempt reserves | 132 | €13,890 | €13,890 | = | 0.0% |
| Distributable reserves | 133 | €160,479 | €185,699 | +€25,220 | +15.7% |
| Profit (loss) carried forward | 14 | €30,231 | €30,231 | = | 0.0% |
| Amounts payable | 17/49 | €158,958 | €137,799 | -€21,159 | -13.3% |
| Amounts payable after more than one year | 17 | €64,676 | €44,814 | -€19,862 | -30.7% |
| Financial debts | 170/4 | €64,676 | €44,814 | -€19,862 | -30.7% |
| Amounts payable within one year | 42/48 | €89,405 | €92,985 | +€3,580 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €38,112 | €34,862 | -€3,251 | -8.5% |
| Trade debts | 44 | €21,459 | €20,969 | -€490 | -2.3% |
| Suppliers | 440/4 | €21,459 | €20,969 | -€490 | -2.3% |
| Advances received on contracts in progress | 46 | - | €2,650 | +€2,650 | |
| Taxes, remuneration and social security | 45 | €28,284 | €33,573 | +€5,290 | +18.7% |
| Taxes | 450/3 | €26,265 | €33,573 | +€7,308 | +27.8% |
| Remuneration and social security | 454/9 | €2,019 | - | -€2,019 | |
| Other amounts payable | 47/48 | €1,549 | €931 | -€618 | -39.9% |
| Accrued charges and deferred income | 492/3 | €4,878 | - | -€4,878 | |
| Remuneration, social security and pensions | 62 | €92,203 | €100,988 | +€8,785 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,715 | €21,879 | -€2,836 | -11.5% |
| Other operating charges | 640/8 | €3,579 | €3,242 | -€337 | -9.4% |
| Gross operating margin | 9900 | €185,583 | €220,952 | +€35,369 | +19.1% |
| Operating profit (loss) | 9901 | €65,086 | €94,843 | +€29,757 | +45.7% |
| Financial income | 75/76B | €5,342 | €5,702 | +€359 | +6.7% |
| Recurring financial income | 75 | €5,342 | €5,702 | +€359 | +6.7% |
| Financial charges | 65/66B | €11,107 | €13,164 | +€2,057 | +18.5% |
| Recurring financial charges | 65 | €11,107 | €13,164 | +€2,057 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €59,321 | €87,380 | +€28,060 | +47.3% |
| Income taxes | 67/77 | €16,402 | €25,460 | +€9,058 | +55.2% |
| Profit (loss) for the period | 9904 | €42,919 | €61,920 | +€19,002 | +44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,919 | €61,920 | +€19,002 | +44.3% |
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 21 October 2026 via checked.be.