't Velomakerke: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
't Velomakerke
Largest movements
- Receivables within one year +€80,494
up €80,494 (+341%), from €23,602 to €104,096
of which Trade receivables: +€92,659
- Tangible fixed assets -€14,189
down €14,189 (-6.6%), from €215,065 to €200,876
of which Plant, machinery and equipment: -€8,431
- Cash -€10,662
down €10,662 (-47.7%), from €22,336 to €11,674
mainly Receivables within one year (-€80,494) and Debts after one year (-€62,230)
- Reserves +€116,998
new in 2025: €116,998
- Debts after one year -€62,230
down €62,230 (-27.1%), from €229,780 to €167,549
- Profit (loss) carried forward -€30,000
down €30,000 (-56.4%), from €53,197 to €23,197
- Trade debts +€25,018
new in 2025: €25,018
- Gross operating margin +€97,900
up €97,900 (+70.2%), from €139,439 to €237,339
- Taxes +€27,561
up €27,561 (+169%), from €16,345 to €43,906
- Staff costs +€23,504
up €23,504 (+156%), from €15,105 to €38,609
- Financial charges +€4,300
up €4,300 (+26.3%), from €16,346 to €20,646
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 | €692,073 | €744,134 | +€52,061 | +7.5% |
| Fixed assets | 21/28 | €215,065 | €200,876 | -€14,189 | -6.6% |
| Tangible fixed assets | 22/27 | €215,065 | €200,876 | -€14,189 | -6.6% |
| Land and buildings | 22 | €153,219 | €146,969 | -€6,250 | -4.1% |
| Plant, machinery and equipment | 23 | €55,394 | €46,963 | -€8,431 | -15.2% |
| Furniture and vehicles | 24 | €6,452 | €6,943 | +€492 | +7.6% |
| Current assets | 29/58 | €477,008 | €543,258 | +€66,250 | +13.9% |
| Stocks and contracts in progress | 3 | €429,384 | €422,536 | -€6,848 | -1.6% |
| Stocks | 30/36 | €429,384 | €422,536 | -€6,848 | -1.6% |
| Amounts receivable within one year | 40/41 | €23,602 | €104,096 | +€80,494 | +341% |
| Trade receivables | 40 | €11,437 | €104,096 | +€92,659 | +810% |
| Other amounts receivable | 41 | €12,165 | - | -€12,165 | |
| Cash at bank and in hand | 54/58 | €22,336 | €11,674 | -€10,662 | -47.7% |
| Deferred charges and accrued income | 490/1 | €1,686 | €4,951 | +€3,265 | +194% |
| Total equity and liabilities | 10/49 | €692,073 | €744,134 | +€52,061 | +7.5% |
| Equity | 10/15 | €56,197 | €143,195 | +€86,998 | +155% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €116,998 | +€116,998 | |
| Distributable reserves | 133 | - | €116,998 | +€116,998 | |
| Profit (loss) carried forward | 14 | €53,197 | €23,197 | -€30,000 | -56.4% |
| Amounts payable | 17/49 | €635,876 | €600,938 | -€34,938 | -5.5% |
| Amounts payable after more than one year | 17 | €229,780 | €167,549 | -€62,230 | -27.1% |
| Financial debts | 170/4 | €229,780 | €167,549 | -€62,230 | -27.1% |
| Amounts payable within one year | 42/48 | €406,096 | €433,389 | +€27,293 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €64,074 | €62,230 | -€1,844 | -2.9% |
| Financial debts | 43 | €99 | €812 | +€713 | +720% |
| Credit institutions | 430/8 | €99 | €812 | +€713 | +720% |
| Trade debts | 44 | - | €25,018 | +€25,018 | |
| Suppliers | 440/4 | - | €25,018 | +€25,018 | |
| Taxes, remuneration and social security | 45 | €41,860 | €42,035 | +€175 | +0.4% |
| Taxes | 450/3 | €41,860 | €42,035 | +€175 | +0.4% |
| Other amounts payable | 47/48 | €300,063 | €303,294 | +€3,231 | +1.1% |
| Remuneration, social security and pensions | 62 | €15,105 | €38,609 | +€23,504 | +156% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,777 | €19,574 | +€797 | +4.2% |
| Other operating charges | 640/8 | €2,298 | €3,985 | +€1,687 | +73.4% |
| Gross operating margin | 9900 | €139,439 | €237,339 | +€97,900 | +70.2% |
| Operating profit (loss) | 9901 | €103,259 | €175,172 | +€71,913 | +69.6% |
| Financial income | 75/76B | €5,146 | €6,379 | +€1,233 | +24.0% |
| Recurring financial income | 75 | €5,146 | €6,379 | +€1,233 | +24.0% |
| Financial charges | 65/66B | €16,346 | €20,646 | +€4,300 | +26.3% |
| Recurring financial charges | 65 | €16,346 | €20,646 | +€4,300 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €92,059 | €160,904 | +€68,845 | +74.8% |
| Income taxes | 67/77 | €16,345 | €43,906 | +€27,561 | +169% |
| Profit (loss) for the period | 9904 | €75,714 | €116,998 | +€41,284 | +54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €75,714 | €116,998 | +€41,284 | +54.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.