Velax Projects: 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.
Velax Projects
Largest movements
- Receivables within one year -€43,718
down €43,718 (-6.8%), from €642,084 to €598,365
of which Other amounts receivable: -€43,113
- Tax, wage and social debts -€36,877
down €36,877 (-86.6%), from €42,591 to €5,714
of which Taxes: -€35,549
- Short-term financial debts -€20,001
no longer reported in 2023 (was €20,001)
- Profit (loss) carried forward +€14,498
up €14,498 (+48.4%), from -€29,978 to -€15,480
- Gross operating margin +€16,096
up €16,096, from -€1,230 to €14,866
- Financial charges -€1,769
down €1,769 (-82.8%), from €2,138 to €368
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €642,145 | €598,433 | -€43,712 | -6.8% |
| Current assets | 29/58 | €642,145 | €598,433 | -€43,712 | -6.8% |
| Amounts receivable within one year | 40/41 | €642,084 | €598,365 | -€43,718 | -6.8% |
| Trade receivables | 40 | €605 | - | -€605 | |
| Other amounts receivable | 41 | €641,479 | €598,365 | -€43,113 | -6.7% |
| Cash at bank and in hand | 54/58 | €61 | €68 | +€7 | +10.6% |
| Total equity and liabilities | 10/49 | €642,145 | €598,433 | -€43,712 | -6.8% |
| Equity | 10/15 | €578,222 | €592,720 | +€14,498 | +2.5% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €583,400 | €583,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,480 | €2,480 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,480 | €2,480 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,750 | €35,750 | = | 0.0% |
| Distributable reserves | 133 | €545,170 | €545,170 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,978 | -€15,480 | +€14,498 | +48.4% |
| Amounts payable | 17/49 | €63,923 | €5,714 | -€58,209 | -91.1% |
| Amounts payable within one year | 42/48 | €63,923 | €5,714 | -€58,209 | -91.1% |
| Financial debts | 43 | €20,001 | - | -€20,001 | |
| Credit institutions | 430/8 | €20,001 | - | -€20,001 | |
| Trade debts | 44 | €1,331 | - | -€1,331 | |
| Suppliers | 440/4 | €1,331 | - | -€1,331 | |
| Taxes, remuneration and social security | 45 | €42,591 | €5,714 | -€36,877 | -86.6% |
| Taxes | 450/3 | €41,263 | €5,714 | -€35,549 | -86.2% |
| Remuneration and social security | 454/9 | €1,327 | - | -€1,327 | |
| Non-recurring operating income | 76A | €3,712 | - | -€3,712 | |
| Other operating charges | 640/8 | €62 | - | -€62 | |
| Gross operating margin | 9900 | -€1,230 | €14,866 | +€16,096 | |
| Operating profit (loss) | 9901 | -€1,292 | €14,866 | +€16,158 | |
| Financial charges | 65/66B | €2,138 | €368 | -€1,769 | -82.8% |
| Recurring financial charges | 65 | €2,138 | €368 | -€1,769 | -82.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,430 | €14,498 | +€17,928 | |
| Profit (loss) for the period | 9904 | -€3,430 | €14,498 | +€17,928 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,430 | €14,498 | +€17,928 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.