Frederic Van de Velde: what changed
Frederic Van de Velde
Largest movements
- Tangible fixed assets -€2,767
down €2,767 (-53.3%), from €5,192 to €2,426
- Cash +€1,717
up €1,717 (+72.1%), from €2,381 to €4,098
mainly Depreciation (+€2,767) and Net result for the year (+€2,141)
- Receivables within one year +€1,654
up €1,654 (+41.4%), from €3,997 to €5,650
of which Trade receivables: +€2,139
- Other debts -€2,609
no longer reported in 2025 (was €2,609)
- Profit (loss) carried forward +€2,141
up €2,141 (+26.9%), from -€7,957 to -€5,817
- Tax, wage and social debts +€911
up €911 (+40.8%), from €2,231 to €3,143
of which Taxes: +€911
- Gross operating margin +€7,016
up €7,016, from -€801 to €6,214
- Taxes +€533
new in 2025: €533
- Other operating charges -€373
down €373 (-36.0%), from €1,037 to €664
- Financial charges -€340
down €340 (-70.9%), from €480 to €140
- Depreciation -€192
down €192 (-6.5%), from €2,958 to €2,767
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,396 | €12,908 | +€512 | +4.1% |
| Fixed assets | 21/28 | €5,192 | €2,426 | -€2,767 | -53.3% |
| Tangible fixed assets | 22/27 | €5,192 | €2,426 | -€2,767 | -53.3% |
| Other tangible fixed assets | 26 | €5,192 | €2,426 | -€2,767 | -53.3% |
| Current assets | 29/58 | €7,204 | €10,482 | +€3,279 | +45.5% |
| Amounts receivable within one year | 40/41 | €3,997 | €5,650 | +€1,654 | +41.4% |
| Trade receivables | 40 | €1,997 | €4,135 | +€2,139 | +107% |
| Other amounts receivable | 41 | €2,000 | €1,515 | -€485 | -24.2% |
| Cash at bank and in hand | 54/58 | €2,381 | €4,098 | +€1,717 | +72.1% |
| Deferred charges and accrued income | 490/1 | €826 | €734 | -€92 | -11.1% |
| Total equity and liabilities | 10/49 | €12,396 | €12,908 | +€512 | +4.1% |
| Equity | 10/15 | €7,074 | €9,214 | +€2,141 | +30.3% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €11,531 | €11,531 | = | 0.0% |
| Distributable reserves | 133 | €11,531 | €11,531 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,957 | -€5,817 | +€2,141 | +26.9% |
| Amounts payable | 17/49 | €5,322 | €3,694 | -€1,629 | -30.6% |
| Amounts payable within one year | 42/48 | €5,322 | €3,694 | -€1,629 | -30.6% |
| Trade debts | 44 | €482 | €551 | +€69 | +14.3% |
| Suppliers | 440/4 | €482 | €551 | +€69 | +14.3% |
| Taxes, remuneration and social security | 45 | €2,231 | €3,143 | +€911 | +40.8% |
| Taxes | 450/3 | €806 | €1,718 | +€911 | +113% |
| Remuneration and social security | 454/9 | €1,425 | €1,425 | = | 0.0% |
| Other amounts payable | 47/48 | €2,609 | - | -€2,609 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,958 | €2,767 | -€192 | -6.5% |
| Other operating charges | 640/8 | €1,037 | €664 | -€373 | -36.0% |
| Gross operating margin | 9900 | -€801 | €6,214 | +€7,016 | |
| Operating profit (loss) | 9901 | -€4,796 | €2,784 | +€7,580 | |
| Financial income | 75/76B | €1 | €29 | +€28 | +3,154% |
| Recurring financial income | 75 | €1 | €29 | +€28 | +3,154% |
| Financial charges | 65/66B | €480 | €140 | -€340 | -70.9% |
| Recurring financial charges | 65 | €480 | €140 | -€340 | -70.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,275 | €2,674 | +€7,949 | |
| Income taxes | 67/77 | - | €533 | +€533 | |
| Profit (loss) for the period | 9904 | -€5,275 | €2,141 | +€7,416 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,275 | €2,141 | +€7,416 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.