TE VELDE: what changed
Two fiscal 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.
TE VELDE
Largest movements
- Tangible fixed assets -€75,212
down €75,212 (-8.1%), from €928,737 to €853,525
of which Furniture and vehicles: -€43,769
- Receivables within one year +€26,190
up €26,190 (+109.8%), from €23,855 to €50,046
of which Trade receivables: +€27,851
- Cash +€11,998
up €11,998 (+124.1%), from €9,667 to €21,665
mainly Depreciation (+€119,965) and Trade debts (+€25,017)
- Debts after one year -€84,037
down €84,037 (-12.0%), from €701,948 to €617,911
of which Financial debts: -€62,037
- Trade debts +€25,017
up €25,017 (+45.3%), from €55,263 to €80,280
- Other debts +€24,044
up €24,044 (+11.8%), from €203,388 to €227,432
- Tax, wage and social debts +€14,260
up €14,260 (+143.4%), from €9,944 to €24,204
of which Taxes: +€8,260
- Current portion of long-term debt +€13,484
up €13,484 (+16.4%), from €82,250 to €95,734
- Gross operating margin +€26,061
up €26,061 (+24.2%), from €107,628 to €133,689
- Depreciation +€11,059
up €11,059 (+10.2%), from €108,906 to €119,965
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.
Cash bridge derived
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 | €965,771 | €934,023 | -€31,749 | -3.3% |
| Fixed assets | 21/28 | €929,389 | €854,669 | -€74,720 | -8.0% |
| Intangible fixed assets | 21 | - | €622 | +€622 | |
| Tangible fixed assets | 22/27 | €928,737 | €853,525 | -€75,212 | -8.1% |
| Land and buildings | 22 | €645,315 | €613,248 | -€32,067 | -5.0% |
| Plant, machinery and equipment | 23 | €86,621 | €87,245 | +€624 | +0.7% |
| Furniture and vehicles | 24 | €196,801 | €153,032 | -€43,769 | -22.2% |
| Financial fixed assets | 28 | €652 | €522 | -€130 | -19.9% |
| Current assets | 29/58 | €36,382 | €79,354 | +€42,972 | +118.1% |
| Stocks and contracts in progress | 3 | €2,499 | €6,536 | +€4,037 | +161.5% |
| Stocks | 30/36 | €2,499 | €6,536 | +€4,037 | +161.5% |
| Amounts receivable within one year | 40/41 | €23,855 | €50,046 | +€26,190 | +109.8% |
| Trade receivables | 40 | €18,292 | €46,143 | +€27,851 | +152.3% |
| Other amounts receivable | 41 | €5,564 | €3,903 | -€1,661 | -29.9% |
| Cash at bank and in hand | 54/58 | €9,667 | €21,665 | +€11,998 | +124.1% |
| Deferred charges and accrued income | 490/1 | €360 | €1,107 | +€746 | +207.0% |
| Total equity and liabilities | 10/49 | €965,771 | €934,023 | -€31,749 | -3.3% |
| Equity | 10/15 | -€114,422 | -€128,228 | -€13,805 | -12.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €72,544 | €68,816 | -€3,729 | -5.1% |
| Non-distributable reserves | 130/1 | €4,396 | €4,396 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,396 | €4,396 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,249 | €53,521 | -€3,729 | -6.5% |
| Distributable reserves | 133 | €10,899 | €10,899 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€248,967 | -€259,044 | -€10,077 | -4.0% |
| Provisions and deferred taxes | 16 | €14,312 | €13,380 | -€932 | -6.5% |
| Deferred taxes | 168 | €14,312 | €13,380 | -€932 | -6.5% |
| Amounts payable | 17/49 | €1,065,881 | €1,048,870 | -€17,011 | -1.6% |
| Amounts payable after more than one year | 17 | €701,948 | €617,911 | -€84,037 | -12.0% |
| Financial debts | 170/4 | €375,948 | €313,911 | -€62,037 | -16.5% |
| Other amounts payable | 178/9 | €326,000 | €304,000 | -€22,000 | -6.7% |
| Amounts payable within one year | 42/48 | €350,845 | €427,651 | +€76,805 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €82,250 | €95,734 | +€13,484 | +16.4% |
| Trade debts | 44 | €55,263 | €80,280 | +€25,017 | +45.3% |
| Suppliers | 440/4 | €55,263 | €80,280 | +€25,017 | +45.3% |
| Taxes, remuneration and social security | 45 | €9,944 | €24,204 | +€14,260 | +143.4% |
| Taxes | 450/3 | €9,944 | €18,204 | +€8,260 | +83.1% |
| Remuneration and social security | 454/9 | - | €6,000 | +€6,000 | |
| Other amounts payable | 47/48 | €203,388 | €227,432 | +€24,044 | +11.8% |
| Accrued charges and deferred income | 492/3 | €13,089 | €3,309 | -€9,780 | -74.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,906 | €119,965 | +€11,059 | +10.2% |
| Other operating charges | 640/8 | €6,491 | €5,404 | -€1,087 | -16.7% |
| Non-recurring operating charges | 66A | - | €13,636 | +€13,636 | |
| Gross operating margin | 9900 | €107,628 | €133,689 | +€26,061 | +24.2% |
| Operating profit (loss) | 9901 | -€7,770 | -€5,317 | +€2,452 | +31.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -67.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -67.5% |
| Financial charges | 65/66B | €9,110 | €9,055 | -€55 | -0.6% |
| Recurring financial charges | 65 | €9,110 | €9,055 | -€55 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€16,879 | -€14,372 | +€2,507 | +14.9% |
| Transfer from deferred taxes | 780 | €932 | €932 | = | 0.0% |
| Income taxes | 67/77 | €149 | €366 | +€217 | +145.1% |
| Profit (loss) for the period | 9904 | -€16,096 | -€13,805 | +€2,290 | +14.2% |
| Transfer from tax-exempt reserves | 789 | €3,729 | €3,729 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,367 | -€10,077 | +€2,290 | +18.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.