DE VELDHOEK: 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.
What changed
DE VELDHOEK
NACE 70.100, Activities of head offices
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €3.3m-€2.0m
Equity
€100.8m
2024 · €99.5m+€1.3m
Cash
€1.4m
2024 · €7.3m-€5.9m
Balance sheet total
€107.4m
2024 · €102.2m+€5.3m
Largest movements
Assets
- Current investments +€13.2m
up €13.2m (+232%), from €5.7m to €18.9m
- Cash -€5.9m
down €5.9m (-81.3%), from €7.3m to €1.4m
mainly Current investments (-€13.2m) and Other debts (-€77,018)
- Receivables within one year -€1.8m
down €1.8m (-79.1%), from €2.2m to €465,876
of which Trade receivables: -€1.7m
Equity and liabilities
- Trade debts +€4.1m
up €4.1m (+162%), from €2.5m to €6.6m
- Reserves +€1.3m
up €1.3m (+1.5%), from €87.0m to €88.3m
of which Distributable reserves: +€1.3m
Income statement
- Turnover +€7.4m
up €7.4m (+56.6%), from €13.2m to €20.6m
- Goods and materials +€7.1m
up €7.1m (+58.7%), from €12.1m to €19.1m
- Financial income -€1.5m
down €1.5m (-60.6%), from €2.5m to €985,588
- Financial charges +€567,828
up €567,828, from -€306,512 to €261,316
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.
Result 2024
€3.3m
Turnover
+€7.4m
Other operating income
-€54,875
Goods and materials
-€7.1m
Services and other goods
-€113,204
Other operating charges
+€46,191
Financial income
-€1.5m
Financial charges
-€567,828
Taxes
-€137,016
Result 2025
€1.3m
raises the resultlowers the result
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.
From operations
+€7.0m
Investment
-€12.9m
Financing
€0
Cash 2024
€7.3m
From operations (derived)
+€7.0m
Net result for the year
+€1.3m
Receivables within one year
+€1.8m
Smaller working-capital items
-€4,551
Trade debts
+€4.1m
Other debts
-€77,018
Investment (derived)
-€12.9m
Investment in fixed assets (net)
+€298,026
Current investments
-€13.2m
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €102,155,479 | €107,446,424 | +€5.3m | +5.2% |
| Fixed assets | 21/28 | €86,946,812 | €86,648,786 | -€298,026 | -0.3% |
| Financial fixed assets | 28 | €86,946,812 | €86,648,786 | -€298,026 | -0.3% |
| Affiliated companies | 280/1 | €86,946,812 | €86,648,786 | -€298,026 | -0.3% |
| Participating interests | 280 | €79,859,216 | €86,648,786 | +€6.8m | +8.5% |
| Amounts receivable | 281 | €7,087,596 | €0 | -€7.1m | -100% |
| Current assets | 29/58 | €15,208,667 | €20,797,638 | +€5.6m | +36.7% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,226,129 | €465,876 | -€1.8m | -79.1% |
| Trade receivables | 40 | €1,727,821 | €7,550 | -€1.7m | -99.6% |
| Other amounts receivable | 41 | €498,308 | €458,326 | -€39,981 | -8.0% |
| Current investments | 50/53 | €5,700,748 | €18,945,563 | +€13.2m | +232% |
| Other investments | 51/53 | €5,700,748 | €18,945,563 | +€13.2m | +232% |
| Cash at bank and in hand | 54/58 | €7,259,899 | €1,357,868 | -€5.9m | -81.3% |
| Deferred charges and accrued income | 490/1 | €21,891 | €28,331 | +€6,440 | +29.4% |
| Total equity and liabilities | 10/49 | €102,155,479 | €107,446,424 | +€5.3m | +5.2% |
| Equity | 10/15 | €99,483,565 | €100,792,517 | +€1.3m | +1.3% |
| Contributions | 10/11 | €6,959,315 | €6,959,315 | = | 0.0% |
| Reserves | 13 | €87,030,332 | €88,339,285 | +€1.3m | +1.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €87,030,332 | €88,339,285 | +€1.3m | +1.5% |
| Profit (loss) carried forward | 14 | €5,493,917 | €5,493,917 | = | 0.0% |
| Amounts payable | 17/49 | €2,671,914 | €6,653,907 | +€4.0m | +149% |
| Amounts payable within one year | 42/48 | €2,671,914 | €6,650,859 | +€4.0m | +149% |
| Trade debts | 44 | €2,509,674 | €6,566,795 | +€4.1m | +162% |
| Suppliers | 440/4 | €2,509,674 | €6,566,795 | +€4.1m | +162% |
| Taxes, remuneration and social security | 45 | €35,201 | €34,042 | -€1,159 | -3.3% |
| Taxes | 450/3 | €17,639 | €16,690 | -€950 | -5.4% |
| Remuneration and social security | 454/9 | €17,561 | €17,352 | -€209 | -1.2% |
| Other amounts payable | 47/48 | €127,039 | €50,022 | -€77,018 | -60.6% |
| Accrued charges and deferred income | 492/3 | - | €3,048 | +€3,048 | |
| Operating income | 70/76A | €13,210,101 | €20,600,836 | +€7.4m | +55.9% |
| Turnover | 70 | €13,155,226 | €20,600,836 | +€7.4m | +56.6% |
| Other operating income | 74 | €54,875 | €0 | -€54,875 | -100% |
| Operating charges | 60/66A | €12,529,131 | €19,676,492 | +€7.1m | +57.0% |
| Goods for resale, raw materials and consumables | 60 | €12,054,987 | €19,135,335 | +€7.1m | +58.7% |
| Purchases | 600/8 | €12,054,987 | €19,135,335 | +€7.1m | +58.7% |
| Services and other goods | 61 | €417,224 | €530,429 | +€113,204 | +27.1% |
| Other operating charges | 640/8 | €56,920 | €10,728 | -€46,191 | -81.2% |
| Operating profit (loss) | 9901 | €680,969 | €924,344 | +€243,375 | +35.7% |
| Financial income | 75/76B | €2,500,600 | €985,588 | -€1.5m | -60.6% |
| Recurring financial income | 75 | €2,500,600 | €985,588 | -€1.5m | -60.6% |
| Income from financial fixed assets | 750 | €1,911,741 | €7,042 | -€1.9m | -99.6% |
| Income from current assets | 751 | €396,762 | €978,546 | +€581,784 | +147% |
| Other financial income | 752/9 | €192,097 | €0 | -€192,097 | -100% |
| Financial charges | 65/66B | -€306,512 | €261,316 | +€567,828 | |
| Recurring financial charges | 65 | -€306,512 | €261,316 | +€567,828 | |
| Debt charges | 650 | €19,953 | €3,696 | -€16,258 | -81.5% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€1,882,839 | €0 | +€1.9m | |
| Other financial charges | 652/9 | €1,556,374 | €257,620 | -€1.3m | -83.4% |
| Profit (loss) for the period before taxes | 9903 | €3,488,081 | €1,648,616 | -€1.8m | -52.7% |
| Income taxes | 67/77 | €202,648 | €339,664 | +€137,016 | +67.6% |
| Taxes | 670/3 | €202,648 | €339,664 | +€137,016 | +67.6% |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €3,285,433 | €1,308,953 | -€2.0m | -60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,285,433 | €1,308,953 | -€2.0m | -60.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.