VEL PLAFONNAGE: 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.
VEL PLAFONNAGE
Largest movements
- Tangible fixed assets -€25,626
down €25,626 (-54.3%), from €47,203 to €21,577
of which Furniture and vehicles: -€24,582
- Cash +€9,228
up €9,228 (+52.7%), from €17,512 to €26,740
mainly Depreciation (+€25,626) and Net result for the year (+€4,693)
- Receivables within one year +€847
up €847 (+16.3%), from €5,199 to €6,046
of which Trade receivables: +€5,427
- Trade debts -€13,911
down €13,911 (-42.7%), from €32,606 to €18,694
of which Bills of exchange payable: -€30,801
- Profit (loss) carried forward +€4,693
up €4,693 (+28.1%), from €16,696 to €21,388
- Current portion of long-term debt -€3,849
down €3,849 (-53.4%), from €7,207 to €3,358
- Debts after one year -€3,358
no longer reported in 2025 (was €3,358)
- Other debts +€827
new in 2025: €827
- Financial income -€8,731
no longer reported in 2025 (was €8,731)
of which Financial income: -€8,731
- Gross operating margin +€5,238
up €5,238 (+15.7%), from €33,422 to €38,661
- Staff costs -€2,303
down €2,303 (-39.8%), from €5,792 to €3,488
- Other operating charges -€1,143
down €1,143 (-31.1%), from €3,678 to €2,535
- Financial charges -€976
down €976 (-77.4%), from €1,261 to €285
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 | €69,913 | €54,362 | -€15,551 | -22.2% |
| Fixed assets | 21/28 | €47,203 | €21,577 | -€25,626 | -54.3% |
| Tangible fixed assets | 22/27 | €47,203 | €21,577 | -€25,626 | -54.3% |
| Plant, machinery and equipment | 23 | €1,045 | - | -€1,045 | |
| Furniture and vehicles | 24 | €46,158 | €21,577 | -€24,582 | -53.3% |
| Current assets | 29/58 | €22,711 | €32,785 | +€10,075 | +44.4% |
| Amounts receivable within one year | 40/41 | €5,199 | €6,046 | +€847 | +16.3% |
| Trade receivables | 40 | - | €5,427 | +€5,427 | |
| Other amounts receivable | 41 | €5,199 | €619 | -€4,580 | -88.1% |
| Cash at bank and in hand | 54/58 | €17,512 | €26,740 | +€9,228 | +52.7% |
| Total equity and liabilities | 10/49 | €69,913 | €54,362 | -€15,551 | -22.2% |
| Equity | 10/15 | €24,756 | €29,448 | +€4,693 | +19.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | - | €6,200 | +€6,200 | |
| Issued capital | 100 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,696 | €21,388 | +€4,693 | +28.1% |
| Amounts payable | 17/49 | €45,158 | €24,914 | -€20,244 | -44.8% |
| Amounts payable after more than one year | 17 | €3,358 | - | -€3,358 | |
| Financial debts | 170/4 | €3,358 | - | -€3,358 | |
| Amounts payable within one year | 42/48 | €41,799 | €24,914 | -€16,886 | -40.4% |
| Current portion of amounts payable after more than one year | 42 | €7,207 | €3,358 | -€3,849 | -53.4% |
| Trade debts | 44 | €32,606 | €18,694 | -€13,911 | -42.7% |
| Suppliers | 440/4 | €1,805 | €18,694 | +€16,890 | +936% |
| Bills of exchange payable | 441 | €30,801 | - | -€30,801 | |
| Taxes, remuneration and social security | 45 | €1,986 | €2,034 | +€48 | +2.4% |
| Taxes | 450/3 | €1,986 | €2,034 | +€48 | +2.4% |
| Other amounts payable | 47/48 | - | €827 | +€827 | |
| Remuneration, social security and pensions | 62 | €5,792 | €3,488 | -€2,303 | -39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,626 | €25,626 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,678 | €2,535 | -€1,143 | -31.1% |
| Gross operating margin | 9900 | €33,422 | €38,661 | +€5,238 | +15.7% |
| Operating profit (loss) | 9901 | -€1,673 | €7,011 | +€8,684 | |
| Financial income | 75/76B | €8,731 | - | -€8,731 | |
| Recurring financial income | 75 | €8,731 | - | -€8,731 | |
| Non-recurring financial income | 76B | €8,731 | - | -€8,731 | |
| Financial charges | 65/66B | €1,261 | €285 | -€976 | -77.4% |
| Recurring financial charges | 65 | €1,261 | €285 | -€976 | -77.4% |
| Profit (loss) for the period before taxes | 9903 | €5,797 | €6,727 | +€929 | +16.0% |
| Income taxes | 67/77 | €1,986 | €2,034 | +€48 | +2.4% |
| Profit (loss) for the period | 9904 | €3,811 | €4,693 | +€882 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,811 | €4,693 | +€882 | +23.1% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.