DE VELODROM: 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 VELODROM
Largest movements
- Cash +€26,217
up €26,217 (+15.0%), from €174,734 to €200,951
mainly Net result for the year (+€42,181) and Depreciation (+€4,695)
- Receivables within one year +€5,649
up €5,649 (+1092.0%), from €517 to €6,167
- Tangible fixed assets -€4,695
down €4,695 (-34.9%), from €13,464 to €8,769
of which Plant, machinery and equipment: -€3,916
- Reserves +€32,059
up €32,059 (+23.2%), from €137,933 to €169,992
- Trade debts -€3,851
down €3,851 (-62.3%), from €6,177 to €2,326
- Gross operating margin +€7,083
up €7,083 (+6.1%), from €115,805 to €122,888
- Taxes +€2,896
up €2,896 (+16.9%), from €17,120 to €20,015
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 | €194,686 | €221,915 | +€27,229 | +14.0% |
| Fixed assets | 21/28 | €13,464 | €8,769 | -€4,695 | -34.9% |
| Tangible fixed assets | 22/27 | €13,464 | €8,769 | -€4,695 | -34.9% |
| Plant, machinery and equipment | 23 | €11,809 | €7,893 | -€3,916 | -33.2% |
| Furniture and vehicles | 24 | €1,655 | €876 | -€779 | -47.1% |
| Current assets | 29/58 | €181,223 | €213,146 | +€31,924 | +17.6% |
| Stocks and contracts in progress | 3 | €5,971 | €6,028 | +€57 | +1.0% |
| Stocks | 30/36 | €5,971 | €6,028 | +€57 | +1.0% |
| Amounts receivable within one year | 40/41 | €517 | €6,167 | +€5,649 | +1092.0% |
| Trade receivables | 40 | €517 | €6,167 | +€5,649 | +1092.0% |
| Cash at bank and in hand | 54/58 | €174,734 | €200,951 | +€26,217 | +15.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €194,686 | €221,915 | +€27,229 | +14.0% |
| Equity | 10/15 | €156,533 | €188,592 | +€32,059 | +20.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €137,933 | €169,992 | +€32,059 | +23.2% |
| Distributable reserves | 133 | €137,933 | €169,992 | +€32,059 | +23.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €38,153 | €33,323 | -€4,830 | -12.7% |
| Amounts payable within one year | 42/48 | €38,153 | €33,323 | -€4,830 | -12.7% |
| Trade debts | 44 | €6,177 | €2,326 | -€3,851 | -62.3% |
| Suppliers | 440/4 | €6,177 | €2,326 | -€3,851 | -62.3% |
| Taxes, remuneration and social security | 45 | €31,540 | €30,801 | -€739 | -2.3% |
| Taxes | 450/3 | €20,176 | €20,526 | +€350 | +1.7% |
| Remuneration and social security | 454/9 | €11,364 | €10,275 | -€1,089 | -9.6% |
| Other amounts payable | 47/48 | €437 | €197 | -€240 | -55.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €55,370 | €55,442 | +€72 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,695 | €4,695 | = | 0.0% |
| Other operating charges | 640/8 | €611 | €520 | -€92 | -15.0% |
| Gross operating margin | 9900 | €115,805 | €122,888 | +€7,083 | +6.1% |
| Operating profit (loss) | 9901 | €55,129 | €62,232 | +€7,103 | +12.9% |
| Financial income | 75/76B | €0 | €223 | +€223 | |
| Recurring financial income | 75 | €0 | €223 | +€223 | |
| Financial charges | 65/66B | €1,464 | €258 | -€1,207 | -82.4% |
| Recurring financial charges | 65 | €1,464 | €258 | -€1,207 | -82.4% |
| Profit (loss) for the period before taxes | 9903 | €53,665 | €62,197 | +€8,532 | +15.9% |
| Income taxes | 67/77 | €17,120 | €20,015 | +€2,896 | +16.9% |
| Profit (loss) for the period | 9904 | €36,545 | €42,181 | +€5,636 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,545 | €42,181 | +€5,636 | +15.4% |
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 9 October 2026 via checked.be.