VELAR AGENCY: what changed
VELAR AGENCY
Largest movements
- Cash +€98,384
up €98,384 (+7,399%), from €1,330 to €99,714
mainly Debts after one year (+€60,500) and Net result for the year (+€41,678)
- Receivables within one year -€6,681
down €6,681 (-92.6%), from €7,212 to €531
of which Trade receivables: -€3,981
- Deferred charges and accrued income +€3,681
up €3,681 (+541%), from €681 to €4,362
- Debts after one year +€60,500
new in 2025: €60,500
- Profit (loss) carried forward +€41,678
up €41,678, from -€27,724 to €13,954
- Other debts -€7,916
down €7,916 (-98.9%), from €8,000 to €84
- Trade debts +€1,991
up €1,991 (+9.0%), from €22,077 to €24,068
- Gross operating margin +€100,153
up €100,153, from -€42,127 to €58,026
- Other operating charges +€14,869
up €14,869 (+2,318%), from €641 to €15,510
- Financial income -€742
down €742 (-92.8%), from €799 to €58
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,222 | €104,606 | +€95,384 | +1,034% |
| Current assets | 29/58 | €9,222 | €104,606 | +€95,384 | +1,034% |
| Amounts receivable within one year | 40/41 | €7,212 | €531 | -€6,681 | -92.6% |
| Trade receivables | 40 | €3,981 | - | -€3,981 | |
| Other amounts receivable | 41 | €3,231 | €531 | -€2,700 | -83.6% |
| Cash at bank and in hand | 54/58 | €1,330 | €99,714 | +€98,384 | +7,399% |
| Deferred charges and accrued income | 490/1 | €681 | €4,362 | +€3,681 | +541% |
| Total equity and liabilities | 10/49 | €9,222 | €104,606 | +€95,384 | +1,034% |
| Equity | 10/15 | -€21,724 | €19,954 | +€41,678 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,724 | €13,954 | +€41,678 | |
| Amounts payable | 17/49 | €30,946 | €84,652 | +€53,705 | +174% |
| Amounts payable after more than one year | 17 | - | €60,500 | +€60,500 | |
| Financial debts | 170/4 | - | €60,500 | +€60,500 | |
| Amounts payable within one year | 42/48 | €30,946 | €24,152 | -€6,795 | -22.0% |
| Trade debts | 44 | €22,077 | €24,068 | +€1,991 | +9.0% |
| Suppliers | 440/4 | €22,077 | €24,068 | +€1,991 | +9.0% |
| Taxes, remuneration and social security | 45 | €870 | - | -€870 | |
| Remuneration and social security | 454/9 | €870 | - | -€870 | |
| Other amounts payable | 47/48 | €8,000 | €84 | -€7,916 | -98.9% |
| Remuneration, social security and pensions | 62 | €387 | - | -€387 | |
| Other operating charges | 640/8 | €641 | €15,510 | +€14,869 | +2,318% |
| Gross operating margin | 9900 | -€42,127 | €58,026 | +€100,153 | |
| Operating profit (loss) | 9901 | -€43,156 | €42,516 | +€85,672 | |
| Financial income | 75/76B | €799 | €58 | -€742 | -92.8% |
| Recurring financial income | 75 | €799 | €58 | -€742 | -92.8% |
| Financial charges | 65/66B | €1,258 | €896 | -€362 | -28.8% |
| Recurring financial charges | 65 | €1,258 | €896 | -€362 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | -€43,614 | €41,678 | +€85,292 | |
| Profit (loss) for the period | 9904 | -€43,614 | €41,678 | +€85,292 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,614 | €41,678 | +€85,292 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.