LA VELORIE: 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.
What changed
LA VELORIE
NACE 43.120, Site preparation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €1.5m-€398,449
Equity
€3.0m
2024 · €2.9m+€85,687
Cash
€610,396
2024 · €454,081+€156,314
Balance sheet total
€4.4m
2024 · €4.4m+€8,816
Largest movements
Assets
- Receivables within one year -€364,663
down €364,663 (-34.8%), from €1.0m to €683,281
of which Trade receivables: -€410,761
- Current investments +€248,835
up €248,835 (+9.0%), from €2.8m to €3.0m
- Cash +€156,314
up €156,314 (+34.4%), from €454,081 to €610,396
mainly Net result for the year (+€1.1m) and Receivables within one year (+€364,663)
Equity and liabilities
- Other debts +€150,000
up €150,000 (+16.7%), from €900,000 to €1.1m
- Trade debts -€123,672
down €123,672 (-50.4%), from €245,193 to €121,521
- Tax, wage and social debts -€63,200
down €63,200 (-83.9%), from €75,324 to €12,124
of which Taxes: -€63,742
- Reserves +€50,000
up €50,000 (+2.2%), from €2.3m to €2.3m
of which Distributable reserves: +€50,000
Income statement
- Turnover -€881,425
down €881,425 (-26.1%), from €3.4m to €2.5m
- Services and other goods -€275,834
down €275,834 (-23.3%), from €1.2m to €910,230
- Taxes -€127,564
down €127,564 (-25.1%), from €507,849 to €380,285
of which Taxes: -€131,314
- Depreciation -€57,605
down €57,605 (-61.9%), from €93,089 to €35,484
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.
Result 2024
€1.5m
Turnover
-€881,425
Other operating income
+€22,996
Services and other goods
+€275,834
Staff costs
-€5,292
Depreciation
+€57,605
Other operating charges
+€40
Financial income
+€5,877
Financial charges
-€1,648
Taxes
+€127,564
Result 2025
€1.1m
raises the resultlowers the result
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.
From operations
+€1.5m
Investment
-€249,974
Financing
-€1.1m
Cash 2024
€454,081
From operations (derived)
+€1.5m
Net result for the year
+€1.1m
Depreciation
+€35,484
Receivables within one year
+€364,663
Deferred charges and accrued income
-€2,675
Trade debts
-€123,672
Tax, wage and social debts
-€63,200
Other debts
+€150,000
Investment (derived)
-€249,974
Investment in fixed assets (net)
-€1,139
Current investments
-€248,835
Financing
-€1.1m
Debts after one year
-€40,000
Contributions, distributions and other
-€1.1m
Cash 2025
€610,396
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,403,979 | €4,412,795 | +€8,816 | +0.2% |
| Fixed assets | 21/28 | €146,402 | €112,057 | -€34,345 | -23.5% |
| Intangible fixed assets | 21 | €2,089 | €1,688 | -€401 | -19.2% |
| Tangible fixed assets | 22/27 | €143,950 | €110,006 | -€33,944 | -23.6% |
| Land and buildings | 22 | €108,494 | €87,643 | -€20,851 | -19.2% |
| Plant, machinery and equipment | 23 | €9,006 | €2,986 | -€6,021 | -66.8% |
| Furniture and vehicles | 24 | €26,450 | €18,239 | -€8,212 | -31.0% |
| Assets under construction and advance payments | 27 | - | €1,139 | +€1,139 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Other financial fixed assets | 284/8 | €363 | €363 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €4,257,576 | €4,300,738 | +€43,161 | +1.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,047,945 | €683,281 | -€364,663 | -34.8% |
| Trade receivables | 40 | €1,047,945 | €637,184 | -€410,761 | -39.2% |
| Other amounts receivable | 41 | - | €46,098 | +€46,098 | |
| Current investments | 50/53 | €2,753,285 | €3,002,121 | +€248,835 | +9.0% |
| Other investments | 51/53 | €2,753,285 | €3,002,121 | +€248,835 | +9.0% |
| Cash at bank and in hand | 54/58 | €454,081 | €610,396 | +€156,314 | +34.4% |
| Deferred charges and accrued income | 490/1 | €2,265 | €4,940 | +€2,675 | +118% |
| Total equity and liabilities | 10/49 | €4,403,979 | €4,412,795 | +€8,816 | +0.2% |
| Equity | 10/15 | €2,916,795 | €3,002,482 | +€85,687 | +2.9% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €2,280,000 | €2,330,000 | +€50,000 | +2.2% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €2,250,000 | €2,300,000 | +€50,000 | +2.2% |
| Profit (loss) carried forward | 14 | €336,795 | €372,482 | +€35,687 | +10.6% |
| Amounts payable | 17/49 | €1,487,184 | €1,410,313 | -€76,871 | -5.2% |
| Amounts payable after more than one year | 17 | €226,667 | €186,667 | -€40,000 | -17.6% |
| Financial debts | 170/4 | €226,667 | €186,667 | -€40,000 | -17.6% |
| Credit institutions | 173 | €226,667 | €186,667 | -€40,000 | -17.6% |
| Amounts payable within one year | 42/48 | €1,260,517 | €1,223,646 | -€36,871 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €245,193 | €121,521 | -€123,672 | -50.4% |
| Suppliers | 440/4 | €245,193 | €121,521 | -€123,672 | -50.4% |
| Taxes, remuneration and social security | 45 | €75,324 | €12,124 | -€63,200 | -83.9% |
| Taxes | 450/3 | €63,742 | €0 | -€63,742 | -100% |
| Remuneration and social security | 454/9 | €11,582 | €12,124 | +€543 | +4.7% |
| Other amounts payable | 47/48 | €900,000 | €1,050,000 | +€150,000 | +16.7% |
| Operating income | 70/76A | €3,386,467 | €2,528,038 | -€858,429 | -25.3% |
| Turnover | 70 | €3,380,100 | €2,498,675 | -€881,425 | -26.1% |
| Other operating income | 74 | €6,367 | €29,362 | +€22,996 | +361% |
| Operating charges | 60/66A | €1,391,077 | €1,062,891 | -€328,187 | -23.6% |
| Services and other goods | 61 | €1,186,065 | €910,230 | -€275,834 | -23.3% |
| Remuneration, social security and pensions | 62 | €111,532 | €116,825 | +€5,292 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,089 | €35,484 | -€57,605 | -61.9% |
| Other operating charges | 640/8 | €391 | €352 | -€40 | -10.1% |
| Operating profit (loss) | 9901 | €1,995,390 | €1,465,147 | -€530,243 | -26.6% |
| Financial income | 75/76B | €49,708 | €55,586 | +€5,877 | +11.8% |
| Recurring financial income | 75 | €49,708 | €55,586 | +€5,877 | +11.8% |
| Income from financial fixed assets | 750 | €25,988 | €34,979 | +€8,991 | +34.6% |
| Income from current assets | 751 | €23,720 | €20,606 | -€3,114 | -13.1% |
| Financial charges | 65/66B | €3,113 | €4,760 | +€1,648 | +52.9% |
| Recurring financial charges | 65 | €3,113 | €4,760 | +€1,648 | +52.9% |
| Debt charges | 650 | €2,906 | €2,503 | -€403 | -13.9% |
| Other financial charges | 652/9 | €206 | €2,257 | +€2,051 | +995% |
| Profit (loss) for the period before taxes | 9903 | €2,041,986 | €1,515,972 | -€526,013 | -25.8% |
| Income taxes | 67/77 | €507,849 | €380,285 | -€127,564 | -25.1% |
| Taxes | 670/3 | €511,599 | €380,285 | -€131,314 | -25.7% |
| Tax adjustments and reversals of tax provisions | 77 | €3,750 | €0 | -€3,750 | -100% |
| Profit (loss) for the period | 9904 | €1,534,137 | €1,135,687 | -€398,449 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,534,137 | €1,135,687 | -€398,449 | -26.0% |
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 24 October 2026 via checked.be.