VELANCO: 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.
VELANCO
Largest movements
- Cash +€13,557
up €13,557 (+265.7%), from €5,102 to €18,659
mainly Stocks and contracts (+€10,000) and Net result for the year (+€7,406)
- Stocks and contracts -€10,000
no longer reported in 2025 (was €10,000)
- Receivables within one year -€229
down €229 (-46.4%), from €494 to €265
- Reserves +€7,406
up €7,406 (+302.5%), from €2,448 to €9,854
- Other debts -€5,600
down €5,600 (-74.3%), from €7,536 to €1,936
- Tax, wage and social debts +€1,522
up €1,522 (+248.7%), from €612 to €2,134
- Gross operating margin +€5,594
up €5,594 (+179.7%), from €3,113 to €8,707
- Taxes +€1,521
up €1,521 (+248.5%), from €612 to €2,133
- Financial income +€886
new in 2025: €886
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 | €15,596 | €18,924 | +€3,328 | +21.3% |
| Current assets | 29/58 | €15,596 | €18,924 | +€3,328 | +21.3% |
| Stocks and contracts in progress | 3 | €10,000 | - | -€10,000 | |
| Contracts in progress | 37 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €494 | €265 | -€229 | -46.4% |
| Other amounts receivable | 41 | €494 | €265 | -€229 | -46.4% |
| Cash at bank and in hand | 54/58 | €5,102 | €18,659 | +€13,557 | +265.7% |
| Total equity and liabilities | 10/49 | €15,596 | €18,924 | +€3,328 | +21.3% |
| Equity | 10/15 | €7,448 | €14,854 | +€7,406 | +99.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,448 | €9,854 | +€7,406 | +302.5% |
| Distributable reserves | 133 | €2,448 | €9,854 | +€7,406 | +302.5% |
| Amounts payable | 17/49 | €8,148 | €4,070 | -€4,078 | -50.0% |
| Amounts payable within one year | 42/48 | €8,148 | €4,070 | -€4,078 | -50.0% |
| Taxes, remuneration and social security | 45 | €612 | €2,134 | +€1,522 | +248.7% |
| Taxes | 450/3 | €612 | €2,134 | +€1,522 | +248.7% |
| Other amounts payable | 47/48 | €7,536 | €1,936 | -€5,600 | -74.3% |
| Gross operating margin | 9900 | €3,113 | €8,707 | +€5,594 | +179.7% |
| Operating profit (loss) | 9901 | €3,113 | €8,707 | +€5,594 | +179.7% |
| Financial income | 75/76B | - | €886 | +€886 | |
| Recurring financial income | 75 | - | €886 | +€886 | |
| Financial charges | 65/66B | €53 | €54 | +€1 | +1.9% |
| Recurring financial charges | 65 | €53 | €54 | +€1 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €3,060 | €9,539 | +€6,479 | +211.7% |
| Income taxes | 67/77 | €612 | €2,133 | +€1,521 | +248.5% |
| Profit (loss) for the period | 9904 | €2,448 | €7,406 | +€4,958 | +202.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,448 | €7,406 | +€4,958 | +202.5% |
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.