Het Veldhof: 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.
Het Veldhof
Largest movements
- Receivables within one year -€121,159
down €121,159 (-21.0%), from €575,853 to €454,694
of which Trade receivables: -€130,904
- Stocks and contracts +€27,326
up €27,326 (+10.9%), from €250,613 to €277,940
- Tangible fixed assets -€9,882
down €9,882 (-14.8%), from €66,627 to €56,745
of which Furniture and vehicles: -€6,133
- Advances received -€84,615
down €84,615 (-21.7%), from €390,800 to €306,185
- Trade debts -€21,353
down €21,353 (-18.3%), from €116,625 to €95,272
- Gross operating margin +€23,935
up €23,935 (+582%), from €4,112 to €28,047
- Other operating charges +€8,518
up €8,518 (+155%), from €5,490 to €14,009
- Financial charges -€5,638
down €5,638 (-40.2%), from €14,022 to €8,384
- Financial income -€3,278
down €3,278 (-88.2%), from €3,718 to €440
- Depreciation -€1,380
down €1,380 (-21.8%), from €6,329 to €4,949
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 | €910,012 | €803,473 | -€106,540 | -11.7% |
| Fixed assets | 21/28 | €66,627 | €56,745 | -€9,882 | -14.8% |
| Tangible fixed assets | 22/27 | €66,627 | €56,745 | -€9,882 | -14.8% |
| Land and buildings | 22 | €58,144 | €54,395 | -€3,749 | -6.4% |
| Furniture and vehicles | 24 | €8,483 | €2,351 | -€6,133 | -72.3% |
| Current assets | 29/58 | €843,385 | €746,727 | -€96,658 | -11.5% |
| Stocks and contracts in progress | 3 | €250,613 | €277,940 | +€27,326 | +10.9% |
| Stocks | 30/36 | €250,613 | €277,940 | +€27,326 | +10.9% |
| Amounts receivable within one year | 40/41 | €575,853 | €454,694 | -€121,159 | -21.0% |
| Trade receivables | 40 | €558,963 | €428,059 | -€130,904 | -23.4% |
| Other amounts receivable | 41 | €16,889 | €26,635 | +€9,746 | +57.7% |
| Cash at bank and in hand | 54/58 | €15,095 | €12,940 | -€2,155 | -14.3% |
| Deferred charges and accrued income | 490/1 | €1,824 | €1,154 | -€670 | -36.8% |
| Total equity and liabilities | 10/49 | €910,012 | €803,473 | -€106,540 | -11.7% |
| Equity | 10/15 | €221,288 | €222,348 | +€1,060 | +0.5% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €158,788 | €159,848 | +€1,060 | +0.7% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €152,538 | €153,598 | +€1,060 | +0.7% |
| Amounts payable | 17/49 | €688,724 | €581,125 | -€107,599 | -15.6% |
| Amounts payable within one year | 42/48 | €688,724 | €581,125 | -€107,599 | -15.6% |
| Financial debts | 43 | €175,000 | €175,000 | = | 0.0% |
| Other loans | 439 | €175,000 | €175,000 | = | 0.0% |
| Trade debts | 44 | €116,625 | €95,272 | -€21,353 | -18.3% |
| Suppliers | 440/4 | €116,625 | €95,272 | -€21,353 | -18.3% |
| Advances received on contracts in progress | 46 | €390,800 | €306,185 | -€84,615 | -21.7% |
| Taxes, remuneration and social security | 45 | €5,490 | €4,668 | -€822 | -15.0% |
| Taxes | 450/3 | €3,490 | €2,668 | -€822 | -23.6% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €810 | €0 | -€810 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,329 | €4,949 | -€1,380 | -21.8% |
| Other operating charges | 640/8 | €5,490 | €14,009 | +€8,518 | +155% |
| Gross operating margin | 9900 | €4,112 | €28,047 | +€23,935 | +582% |
| Operating profit (loss) | 9901 | -€7,708 | €9,089 | +€16,797 | |
| Financial income | 75/76B | €3,718 | €440 | -€3,278 | -88.2% |
| Recurring financial income | 75 | €3,718 | €440 | -€3,278 | -88.2% |
| Financial charges | 65/66B | €14,022 | €8,384 | -€5,638 | -40.2% |
| Recurring financial charges | 65 | €14,022 | €8,384 | -€5,638 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | -€18,011 | €1,145 | +€19,156 | |
| Income taxes | 67/77 | €434 | €85 | -€349 | -80.3% |
| Profit (loss) for the period | 9904 | -€18,445 | €1,060 | +€19,505 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,445 | €1,060 | +€19,505 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.