DrVelo: 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.
DrVelo
Largest movements
- Cash +€41,913
up €41,913 (+317%), from €13,215 to €55,128
mainly Net result for the year (+€27,082) and Stocks and contracts (+€19,664)
- Stocks and contracts -€19,664
down €19,664 (-23.7%), from €82,958 to €63,294
- Receivables within one year -€12,101
down €12,101 (-31.9%), from €37,986 to €25,885
- Tangible fixed assets -€5,203
down €5,203 (-50.0%), from €10,406 to €5,203
- Other debts -€15,748
down €15,748 (-24.3%), from €64,900 to €49,152
- Advances received +€14,327
new in 2025: €14,327
- Profit (loss) carried forward +€12,082
up €12,082 (+36.6%), from €33,015 to €45,097
- Tax, wage and social debts -€4,019
down €4,019 (-18.2%), from €22,125 to €18,106
- Debts after one year -€3,375
down €3,375 (-50.3%), from €6,707 to €3,332
- Gross operating margin -€15,023
down €15,023 (-27.9%), from €53,827 to €38,804
- Taxes -€1,793
down €1,793 (-30.1%), from €5,960 to €4,167
- Other operating charges -€1,290
down €1,290 (-60.7%), from €2,126 to €836
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 | €145,081 | €149,644 | +€4,563 | +3.1% |
| Fixed assets | 21/28 | €10,406 | €5,203 | -€5,203 | -50.0% |
| Tangible fixed assets | 22/27 | €10,406 | €5,203 | -€5,203 | -50.0% |
| Furniture and vehicles | 24 | €10,406 | €5,203 | -€5,203 | -50.0% |
| Current assets | 29/58 | €134,674 | €144,441 | +€9,766 | +7.3% |
| Stocks and contracts in progress | 3 | €82,958 | €63,294 | -€19,664 | -23.7% |
| Stocks | 30/36 | €82,958 | €63,294 | -€19,664 | -23.7% |
| Amounts receivable within one year | 40/41 | €37,986 | €25,885 | -€12,101 | -31.9% |
| Trade receivables | 40 | €37,986 | €25,885 | -€12,101 | -31.9% |
| Cash at bank and in hand | 54/58 | €13,215 | €55,128 | +€41,913 | +317% |
| Deferred charges and accrued income | 490/1 | €515 | €134 | -€381 | -74.1% |
| Total equity and liabilities | 10/49 | €145,081 | €149,644 | +€4,563 | +3.1% |
| Equity | 10/15 | €36,015 | €48,097 | +€12,082 | +33.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,015 | €45,097 | +€12,082 | +36.6% |
| Amounts payable | 17/49 | €109,065 | €101,547 | -€7,518 | -6.9% |
| Amounts payable after more than one year | 17 | €6,707 | €3,332 | -€3,375 | -50.3% |
| Financial debts | 170/4 | €6,707 | €3,332 | -€3,375 | -50.3% |
| Amounts payable within one year | 42/48 | €102,358 | €98,215 | -€4,143 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €3,357 | €3,375 | +€18 | +0.5% |
| Trade debts | 44 | €11,976 | €13,255 | +€1,278 | +10.7% |
| Suppliers | 440/4 | €11,976 | €13,255 | +€1,278 | +10.7% |
| Advances received on contracts in progress | 46 | - | €14,327 | +€14,327 | |
| Taxes, remuneration and social security | 45 | €22,125 | €18,106 | -€4,019 | -18.2% |
| Taxes | 450/3 | €22,125 | €18,106 | -€4,019 | -18.2% |
| Other amounts payable | 47/48 | €64,900 | €49,152 | -€15,748 | -24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,203 | €5,203 | = | 0.0% |
| Other operating charges | 640/8 | €2,126 | €836 | -€1,290 | -60.7% |
| Non-recurring operating charges | 66A | - | €1,250 | +€1,250 | |
| Gross operating margin | 9900 | €53,827 | €38,804 | -€15,023 | -27.9% |
| Operating profit (loss) | 9901 | €46,497 | €31,515 | -€14,982 | -32.2% |
| Financial income | 75/76B | €9 | €0 | -€9 | -99.8% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -99.8% |
| Financial charges | 65/66B | €246 | €266 | +€20 | +8.3% |
| Recurring financial charges | 65 | €246 | €266 | +€20 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €46,261 | €31,249 | -€15,012 | -32.5% |
| Income taxes | 67/77 | €5,960 | €4,167 | -€1,793 | -30.1% |
| Profit (loss) for the period | 9904 | €40,300 | €27,082 | -€13,219 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,300 | €27,082 | -€13,219 | -32.8% |
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 13 October 2026 via checked.be.