De Velowinkel: 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 Velowinkel
Largest movements
- Stocks and contracts +€86,097
up €86,097 (+52.1%), from €165,139 to €251,235
- Cash -€38,990
down €38,990 (-62.3%), from €62,560 to €23,570
mainly Stocks and contracts (-€86,097) and Investment in fixed assets (net) (-€52,019)
- Tangible fixed assets +€29,478
up €29,478 (+6.3%), from €469,524 to €499,002
of which Land and buildings: +€27,803
- Other debts +€121,714
up €121,714 (+718%), from €16,943 to €138,656
- Profit (loss) carried forward -€41,468
down €41,468, from €2,436 to -€39,032
- Trade debts -€24,545
down €24,545 (-89.5%), from €27,427 to €2,882
- Debts after one year +€19,851
up €19,851 (+5.3%), from €373,757 to €393,608
- Staff costs +€137,480
up €137,480 (+104%), from €132,295 to €269,775
- Gross operating margin +€57,952
up €57,952 (+27.6%), from €210,034 to €267,985
- Taxes -€10,132
down €10,132 (-97.7%), from €10,366 to €234
- Depreciation +€6,241
up €6,241 (+38.3%), from €16,299 to €22,540
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 | €718,695 | €794,510 | +€75,815 | +10.5% |
| Fixed assets | 21/28 | €483,074 | €512,552 | +€29,478 | +6.1% |
| Tangible fixed assets | 22/27 | €469,524 | €499,002 | +€29,478 | +6.3% |
| Land and buildings | 22 | €456,557 | €484,360 | +€27,803 | +6.1% |
| Plant, machinery and equipment | 23 | €7,911 | €12,716 | +€4,805 | +60.7% |
| Furniture and vehicles | 24 | €5,055 | €1,926 | -€3,129 | -61.9% |
| Financial fixed assets | 28 | €13,550 | €13,550 | = | 0.0% |
| Current assets | 29/58 | €235,621 | €281,958 | +€46,337 | +19.7% |
| Stocks and contracts in progress | 3 | €165,139 | €251,235 | +€86,097 | +52.1% |
| Stocks | 30/36 | €165,139 | €251,235 | +€86,097 | +52.1% |
| Amounts receivable within one year | 40/41 | €6,612 | €5,615 | -€997 | -15.1% |
| Trade receivables | 40 | €6,612 | €5,615 | -€997 | -15.1% |
| Cash at bank and in hand | 54/58 | €62,560 | €23,570 | -€38,990 | -62.3% |
| Deferred charges and accrued income | 490/1 | €1,310 | €1,538 | +€228 | +17.4% |
| Total equity and liabilities | 10/49 | €718,695 | €794,510 | +€75,815 | +10.5% |
| Equity | 10/15 | €191,036 | €149,568 | -€41,468 | -21.7% |
| Contributions | 10/11 | €13,600 | €13,600 | = | 0.0% |
| Reserves | 13 | €175,000 | €175,000 | = | 0.0% |
| Distributable reserves | 133 | €175,000 | €175,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,436 | -€39,032 | -€41,468 | |
| Amounts payable | 17/49 | €527,660 | €644,942 | +€117,283 | +22.2% |
| Amounts payable after more than one year | 17 | €373,757 | €393,608 | +€19,851 | +5.3% |
| Financial debts | 170/4 | €373,757 | €393,608 | +€19,851 | +5.3% |
| Amounts payable within one year | 42/48 | €153,903 | €251,334 | +€97,432 | +63.3% |
| Current portion of amounts payable after more than one year | 42 | €29,800 | €33,546 | +€3,746 | +12.6% |
| Trade debts | 44 | €27,427 | €2,882 | -€24,545 | -89.5% |
| Suppliers | 440/4 | €27,427 | €2,882 | -€24,545 | -89.5% |
| Taxes, remuneration and social security | 45 | €79,733 | €76,250 | -€3,483 | -4.4% |
| Taxes | 450/3 | €50,588 | €46,827 | -€3,761 | -7.4% |
| Remuneration and social security | 454/9 | €29,145 | €29,423 | +€279 | +1.0% |
| Other amounts payable | 47/48 | €16,943 | €138,656 | +€121,714 | +718% |
| Remuneration, social security and pensions | 62 | €132,295 | €269,775 | +€137,480 | +104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,299 | €22,540 | +€6,241 | +38.3% |
| Other operating charges | 640/8 | €6,396 | €6,878 | +€482 | +7.5% |
| Gross operating margin | 9900 | €210,034 | €267,985 | +€57,952 | +27.6% |
| Operating profit (loss) | 9901 | €55,044 | -€31,208 | -€86,252 | |
| Financial income | 75/76B | €1,431 | €2,502 | +€1,071 | +74.9% |
| Recurring financial income | 75 | €1,431 | €2,502 | +€1,071 | +74.9% |
| Financial charges | 65/66B | €11,307 | €12,528 | +€1,221 | +10.8% |
| Recurring financial charges | 65 | €11,307 | €12,528 | +€1,221 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €45,167 | -€41,234 | -€86,401 | |
| Income taxes | 67/77 | €10,366 | €234 | -€10,132 | -97.7% |
| Profit (loss) for the period | 9904 | €34,802 | -€41,468 | -€76,269 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,802 | -€41,468 | -€76,269 |
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 30 October 2026 via checked.be.