OPEN VELD: what changed
OPEN VELD
Largest movements
- Cash -€222,431
down €222,431 (-89.7%), from €248,059 to €25,628
mainly Contributions, distributions and other (-€324,482) and Tax, wage and social debts (-€31,150)
- Receivables within one year +€30,294
up €30,294 (+36.7%), from €82,476 to €112,770
of which Trade receivables: +€19,275
- Tangible fixed assets -€15,386
down €15,386 (-5.8%), from €267,403 to €252,017
of which Land and buildings: -€14,078
- Deferred charges and accrued income -€7,597
down €7,597 (-96.5%), from €7,874 to €277
- Profit (loss) carried forward -€213,331
down €213,331 (-56.7%), from €376,576 to €163,244
- Other debts +€55,634
up €55,634 (+1,501%), from €3,706 to €59,340
- Tax, wage and social debts -€31,150
down €31,150 (-86.6%), from €35,957 to €4,807
- Debts after one year -€20,948
down €20,948 (-14.9%), from €140,380 to €119,432
- Gross operating margin -€61,774
down €61,774 (-27.5%), from €224,372 to €162,598
- Other operating charges -€21,286
down €21,286 (-93.4%), from €22,787 to €1,501
- Taxes -€9,520
down €9,520 (-23.2%), from €40,980 to €31,460
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 | €605,812 | €390,693 | -€215,119 | -35.5% |
| Fixed assets | 21/28 | €267,403 | €252,017 | -€15,386 | -5.8% |
| Tangible fixed assets | 22/27 | €267,403 | €252,017 | -€15,386 | -5.8% |
| Land and buildings | 22 | €264,998 | €250,920 | -€14,078 | -5.3% |
| Plant, machinery and equipment | 23 | €253 | €47 | -€206 | -81.5% |
| Furniture and vehicles | 24 | €2,153 | €1,051 | -€1,102 | -51.2% |
| Current assets | 29/58 | €338,409 | €138,675 | -€199,733 | -59.0% |
| Amounts receivable within one year | 40/41 | €82,476 | €112,770 | +€30,294 | +36.7% |
| Trade receivables | 40 | €82,456 | €101,730 | +€19,275 | +23.4% |
| Other amounts receivable | 41 | €20 | €11,040 | +€11,020 | +54,364% |
| Cash at bank and in hand | 54/58 | €248,059 | €25,628 | -€222,431 | -89.7% |
| Deferred charges and accrued income | 490/1 | €7,874 | €277 | -€7,597 | -96.5% |
| Total equity and liabilities | 10/49 | €605,812 | €390,693 | -€215,119 | -35.5% |
| Equity | 10/15 | €397,036 | €183,704 | -€213,331 | -53.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €376,576 | €163,244 | -€213,331 | -56.7% |
| Amounts payable | 17/49 | €208,776 | €206,988 | -€1,788 | -0.9% |
| Amounts payable after more than one year | 17 | €140,380 | €119,432 | -€20,948 | -14.9% |
| Financial debts | 170/4 | €140,380 | €119,432 | -€20,948 | -14.9% |
| Amounts payable within one year | 42/48 | €68,396 | €87,557 | +€19,160 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | €20,619 | €20,948 | +€330 | +1.6% |
| Trade debts | 44 | €8,114 | €2,461 | -€5,653 | -69.7% |
| Suppliers | 440/4 | €8,114 | €2,461 | -€5,653 | -69.7% |
| Taxes, remuneration and social security | 45 | €35,957 | €4,807 | -€31,150 | -86.6% |
| Taxes | 450/3 | €35,957 | €4,807 | -€31,150 | -86.6% |
| Other amounts payable | 47/48 | €3,706 | €59,340 | +€55,634 | +1,501% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,477 | €15,386 | -€92 | -0.6% |
| Other operating charges | 640/8 | €22,787 | €1,501 | -€21,286 | -93.4% |
| Gross operating margin | 9900 | €224,372 | €162,598 | -€61,774 | -27.5% |
| Operating profit (loss) | 9901 | €186,108 | €145,711 | -€40,397 | -21.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | +200% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200% |
| Financial charges | 65/66B | €3,402 | €3,100 | -€303 | -8.9% |
| Recurring financial charges | 65 | €3,402 | €3,100 | -€303 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €182,705 | €142,611 | -€40,094 | -21.9% |
| Income taxes | 67/77 | €40,980 | €31,460 | -€9,520 | -23.2% |
| Profit (loss) for the period | 9904 | €141,726 | €111,151 | -€30,575 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €141,726 | €111,151 | -€30,575 | -21.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.