VAN DE VELDE - FIETSEN: 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.
VAN DE VELDE - FIETSEN
Largest movements
- Stocks and contracts -€29,149
down €29,149 (-15.6%), from €187,113 to €157,965
- Cash +€12,329
up €12,329 (+91.3%), from €13,508 to €25,837
mainly Depreciation (+€48,122) and Stocks and contracts (+€29,149)
- Debts after one year -€38,167
down €38,167 (-6.8%), from €562,377 to €524,210
- Reserves +€28,631
up €28,631 (+20.8%), from €137,356 to €165,987
of which Non-distributable reserves: +€28,631
- Tax, wage and social debts -€12,221
down €12,221 (-56.8%), from €21,524 to €9,303
- Gross operating margin -€17,302
down €17,302 (-12.0%), from €144,728 to €127,426
- Taxes -€6,080
down €6,080 (-37.3%), from €16,293 to €10,213
- Financial charges -€5,952
down €5,952 (-13.7%), from €43,508 to €37,557
- Depreciation +€5,490
up €5,490 (+12.9%), from €42,633 to €48,122
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 | €884,029 | €868,303 | -€15,726 | -1.8% |
| Fixed assets | 21/28 | €670,663 | €664,965 | -€5,698 | -0.8% |
| Tangible fixed assets | 22/27 | €670,663 | €664,965 | -€5,698 | -0.8% |
| Land and buildings | 22 | €649,017 | €611,419 | -€37,597 | -5.8% |
| Plant, machinery and equipment | 23 | €14,857 | €12,610 | -€2,247 | -15.1% |
| Furniture and vehicles | 24 | €6,789 | €4,346 | -€2,443 | -36.0% |
| Leasing and similar rights | 25 | - | €36,589 | +€36,589 | |
| Current assets | 29/58 | €213,366 | €203,338 | -€10,028 | -4.7% |
| Stocks and contracts in progress | 3 | €187,113 | €157,965 | -€29,149 | -15.6% |
| Stocks | 30/36 | €187,113 | €157,965 | -€29,149 | -15.6% |
| Amounts receivable within one year | 40/41 | €4,597 | €9,457 | +€4,859 | +106% |
| Trade receivables | 40 | €4,597 | €7,669 | +€3,072 | +66.8% |
| Other amounts receivable | 41 | - | €1,787 | +€1,787 | |
| Cash at bank and in hand | 54/58 | €13,508 | €25,837 | +€12,329 | +91.3% |
| Deferred charges and accrued income | 490/1 | €8,148 | €10,080 | +€1,932 | +23.7% |
| Total equity and liabilities | 10/49 | €884,029 | €868,303 | -€15,726 | -1.8% |
| Equity | 10/15 | €201,448 | €230,022 | +€28,575 | +14.2% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €137,356 | €165,987 | +€28,631 | +20.8% |
| Non-distributable reserves | 130/1 | €102,356 | €130,987 | +€28,631 | +28.0% |
| Other | 1319 | €102,356 | €130,987 | +€28,631 | +28.0% |
| Tax-exempt reserves | 132 | €18,251 | €18,251 | = | 0.0% |
| Distributable reserves | 133 | €16,749 | €16,749 | = | 0.0% |
| Profit (loss) carried forward | 14 | €622 | €622 | = | 0.0% |
| Investment grants | 15 | €469 | €413 | -€56 | -12.0% |
| Provisions and deferred taxes | 16 | €157 | €138 | -€19 | -12.0% |
| Deferred taxes | 168 | €157 | €138 | -€19 | -12.0% |
| Amounts payable | 17/49 | €682,425 | €638,143 | -€44,282 | -6.5% |
| Amounts payable after more than one year | 17 | €562,377 | €524,210 | -€38,167 | -6.8% |
| Financial debts | 170/4 | €562,377 | €524,210 | -€38,167 | -6.8% |
| Amounts payable within one year | 42/48 | €102,114 | €98,074 | -€4,040 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €70,491 | €74,687 | +€4,196 | +6.0% |
| Trade debts | 44 | €10,099 | €14,083 | +€3,984 | +39.4% |
| Suppliers | 440/4 | €10,099 | €14,083 | +€3,984 | +39.4% |
| Taxes, remuneration and social security | 45 | €21,524 | €9,303 | -€12,221 | -56.8% |
| Taxes | 450/3 | €21,524 | €9,303 | -€12,221 | -56.8% |
| Accrued charges and deferred income | 492/3 | €17,934 | €15,859 | -€2,075 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,633 | €48,122 | +€5,490 | +12.9% |
| Other operating charges | 640/8 | €5,705 | €6,015 | +€311 | +5.4% |
| Non-recurring operating charges | 66A | €178 | €181 | +€3 | +1.9% |
| Gross operating margin | 9900 | €144,728 | €127,426 | -€17,302 | -12.0% |
| Operating profit (loss) | 9901 | €96,213 | €73,107 | -€23,106 | -24.0% |
| Financial income | 75/76B | €4,017 | €3,274 | -€742 | -18.5% |
| Recurring financial income | 75 | €4,017 | €3,274 | -€742 | -18.5% |
| Financial charges | 65/66B | €43,508 | €37,557 | -€5,952 | -13.7% |
| Recurring financial charges | 65 | €43,508 | €37,557 | -€5,952 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €56,721 | €38,825 | -€17,896 | -31.6% |
| Transfer from deferred taxes | 780 | €31 | €19 | -€12 | -39.5% |
| Income taxes | 67/77 | €16,293 | €10,213 | -€6,080 | -37.3% |
| Profit (loss) for the period | 9904 | €40,459 | €28,631 | -€11,828 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,459 | €28,631 | -€11,828 | -29.2% |
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 29 October 2026 via checked.be.