De Vélo Soigneur: what changed
What changed
De Vélo Soigneur
NACE 46.495, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€60,524
2024 · -€44,557+€105,081
Equity
€241,275
2024 · €180,750+€60,525
Cash
€38,990
2024 · €47,346-€8,356
Balance sheet total
€906,704
2024 · €947,131-€40,427
Largest movements
Assets
- Stocks and contracts -€68,150
down €68,150 (-10.3%), from €659,925 to €591,775
- Tangible fixed assets +€16,844
up €16,844 (+7.8%), from €215,371 to €232,215
of which Plant, machinery and equipment: +€36,773
- Receivables within one year +€15,874
up €15,874 (+106%), from €15,000 to €30,874
of which Trade receivables: +€23,265
Equity and liabilities
- Profit (loss) carried forward +€44,557
no longer reported in 2025 (was -€44,557)
- Other debts -€36,271
down €36,271 (-23.4%), from €154,882 to €118,611
- Trade debts -€33,275
down €33,275 (-20.9%), from €159,565 to €126,290
- Debts after one year -€32,591
down €32,591 (-8.8%), from €369,324 to €336,733
- Reserves +€15,968
up €15,968 (+7.3%), from €219,107 to €235,075
of which Distributable reserves: +€15,968
Income statement
- Gross operating margin +€110,577
up €110,577 (+91.9%), from €120,295 to €230,872
- Depreciation -€8,289
down €8,289 (-24.4%), from €34,020 to €25,731
- Taxes +€7,538
up €7,538, from -€146 to €7,392
- Staff costs +€5,788
up €5,788 (+5.2%), from €111,255 to €117,043
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€44,557
Gross operating margin
+€110,577
Staff costs
-€5,788
Depreciation
+€8,289
Other operating charges
-€512
Financial income
-€2,247
Financial charges
+€2,300
Taxes
-€7,538
Result 2025
€60,524
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€65,925
Investment
-€42,575
Financing
-€31,706
Cash 2024
€47,346
From operations (derived)
+€65,925
Net result for the year
+€60,524
Depreciation
+€25,731
Stocks and contracts
+€68,150
Receivables within one year
-€15,874
Deferred charges and accrued income
-€3,361
Trade debts
-€33,275
Tax, wage and social debts
+€476
Other debts
-€36,271
Accrued charges and deferred income
-€175
Investment (derived)
-€42,575
Investment in fixed assets (net)
-€42,575
Financing
-€31,706
Debts after one year
-€32,591
Current portion of long-term debt
+€884
Contributions, distributions and other
+€1
Cash 2025
€38,990
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €947,131 | €906,704 | -€40,427 | -4.3% |
| Fixed assets | 21/28 | €218,371 | €235,215 | +€16,844 | +7.7% |
| Tangible fixed assets | 22/27 | €215,371 | €232,215 | +€16,844 | +7.8% |
| Land and buildings | 22 | €182,158 | €170,908 | -€11,250 | -6.2% |
| Plant, machinery and equipment | 23 | €3,844 | €40,617 | +€36,773 | +957% |
| Furniture and vehicles | 24 | €11,870 | €6,995 | -€4,875 | -41.1% |
| Other tangible fixed assets | 26 | €17,499 | €13,695 | -€3,804 | -21.7% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €728,760 | €671,489 | -€57,271 | -7.9% |
| Stocks and contracts in progress | 3 | €659,925 | €591,775 | -€68,150 | -10.3% |
| Stocks | 30/36 | €659,925 | €591,775 | -€68,150 | -10.3% |
| Amounts receivable within one year | 40/41 | €15,000 | €30,874 | +€15,874 | +106% |
| Trade receivables | 40 | - | €23,265 | +€23,265 | |
| Other amounts receivable | 41 | €15,000 | €7,609 | -€7,391 | -49.3% |
| Cash at bank and in hand | 54/58 | €47,346 | €38,990 | -€8,356 | -17.6% |
| Deferred charges and accrued income | 490/1 | €6,489 | €9,850 | +€3,361 | +51.8% |
| Total equity and liabilities | 10/49 | €947,131 | €906,704 | -€40,427 | -4.3% |
| Equity | 10/15 | €180,750 | €241,275 | +€60,525 | +33.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €219,107 | €235,075 | +€15,968 | +7.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,200 | €12,200 | = | 0.0% |
| Distributable reserves | 133 | €205,047 | €221,015 | +€15,968 | +7.8% |
| Profit (loss) carried forward | 14 | -€44,557 | - | +€44,557 | |
| Amounts payable | 17/49 | €766,381 | €665,429 | -€100,952 | -13.2% |
| Amounts payable after more than one year | 17 | €369,324 | €336,733 | -€32,591 | -8.8% |
| Financial debts | 170/4 | €369,324 | €336,733 | -€32,591 | -8.8% |
| Amounts payable within one year | 42/48 | €395,669 | €327,483 | -€68,186 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €31,706 | €32,590 | +€884 | +2.8% |
| Trade debts | 44 | €159,565 | €126,290 | -€33,275 | -20.9% |
| Suppliers | 440/4 | €159,565 | €126,290 | -€33,275 | -20.9% |
| Taxes, remuneration and social security | 45 | €49,516 | €49,992 | +€476 | +1.0% |
| Taxes | 450/3 | €33,413 | €32,753 | -€660 | -2.0% |
| Remuneration and social security | 454/9 | €16,103 | €17,239 | +€1,136 | +7.1% |
| Other amounts payable | 47/48 | €154,882 | €118,611 | -€36,271 | -23.4% |
| Accrued charges and deferred income | 492/3 | €1,388 | €1,213 | -€175 | -12.6% |
| Remuneration, social security and pensions | 62 | €111,255 | €117,043 | +€5,788 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,020 | €25,731 | -€8,289 | -24.4% |
| Other operating charges | 640/8 | €2,711 | €3,223 | +€512 | +18.9% |
| Gross operating margin | 9900 | €120,295 | €230,872 | +€110,577 | +91.9% |
| Operating profit (loss) | 9901 | -€27,691 | €84,875 | +€112,566 | |
| Financial income | 75/76B | €6,258 | €4,011 | -€2,247 | -35.9% |
| Recurring financial income | 75 | €6,258 | €4,011 | -€2,247 | -35.9% |
| Financial charges | 65/66B | €23,270 | €20,970 | -€2,300 | -9.9% |
| Recurring financial charges | 65 | €23,270 | €20,970 | -€2,300 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | -€44,703 | €67,916 | +€112,619 | |
| Income taxes | 67/77 | -€146 | €7,392 | +€7,538 | |
| Profit (loss) for the period | 9904 | -€44,557 | €60,524 | +€105,081 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,557 | €60,524 | +€105,081 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.