TE VELDE: 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.
TE VELDE
Largest movements
- Tangible fixed assets -€31,036
down €31,036 (-3.4%), from €922,539 to €891,503
of which Land and buildings: -€29,141
- Debts after one year -€52,536
down €52,536 (-9.8%), from €535,075 to €482,539
- Other debts +€15,000
up €15,000 (+7.5%), from €200,000 to €215,000
- Reserves +€11,295
up €11,295 (+22.6%), from €49,929 to €61,224
- Gross operating margin +€3,573
up €3,573 (+4.8%), from €75,184 to €78,757
- Depreciation +€2,161
up €2,161 (+4.5%), from €47,513 to €49,674
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 | €938,335 | €913,346 | -€24,989 | -2.7% |
| Fixed assets | 21/28 | €922,539 | €891,503 | -€31,036 | -3.4% |
| Tangible fixed assets | 22/27 | €922,539 | €891,503 | -€31,036 | -3.4% |
| Land and buildings | 22 | €909,596 | €880,455 | -€29,141 | -3.2% |
| Furniture and vehicles | 24 | €12,943 | €11,048 | -€1,895 | -14.6% |
| Current assets | 29/58 | €15,796 | €21,843 | +€6,047 | +38.3% |
| Amounts receivable within one year | 40/41 | €5,292 | €5,808 | +€516 | +9.8% |
| Trade receivables | 40 | €197 | €197 | = | 0.0% |
| Other amounts receivable | 41 | €5,095 | €5,611 | +€516 | +10.1% |
| Cash at bank and in hand | 54/58 | €8,424 | €14,391 | +€5,968 | +70.8% |
| Deferred charges and accrued income | 490/1 | €2,081 | €1,644 | -€437 | -21.0% |
| Total equity and liabilities | 10/49 | €938,335 | €913,346 | -€24,989 | -2.7% |
| Equity | 10/15 | €139,929 | €151,224 | +€11,295 | +8.1% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €49,929 | €61,224 | +€11,295 | +22.6% |
| Distributable reserves | 133 | €49,929 | €61,224 | +€11,295 | +22.6% |
| Amounts payable | 17/49 | €798,406 | €762,122 | -€36,284 | -4.5% |
| Amounts payable after more than one year | 17 | €535,075 | €482,539 | -€52,536 | -9.8% |
| Financial debts | 170/4 | €535,075 | €482,539 | -€52,536 | -9.8% |
| Amounts payable within one year | 42/48 | €257,406 | €273,227 | +€15,820 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €56,414 | €56,861 | +€447 | +0.8% |
| Trade debts | 44 | €992 | €1,365 | +€373 | +37.6% |
| Suppliers | 440/4 | €992 | €1,365 | +€373 | +37.6% |
| Other amounts payable | 47/48 | €200,000 | €215,000 | +€15,000 | +7.5% |
| Accrued charges and deferred income | 492/3 | €5,925 | €6,356 | +€431 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,513 | €49,674 | +€2,161 | +4.5% |
| Other operating charges | 640/8 | €3,541 | €3,651 | +€110 | +3.1% |
| Gross operating margin | 9900 | €75,184 | €78,757 | +€3,573 | +4.8% |
| Operating profit (loss) | 9901 | €24,130 | €25,432 | +€1,302 | +5.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +3.8% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +3.8% |
| Financial charges | 65/66B | €10,972 | €10,993 | +€22 | +0.2% |
| Recurring financial charges | 65 | €10,972 | €10,993 | +€22 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €13,158 | €14,439 | +€1,281 | +9.7% |
| Income taxes | 67/77 | €2,719 | €3,144 | +€425 | +15.6% |
| Profit (loss) for the period | 9904 | €10,440 | €11,295 | +€856 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,440 | €11,295 | +€856 | +8.2% |
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 14 October 2026 via checked.be.