VELCA FRIT: what changed
VELCA FRIT
Largest movements
- Tangible fixed assets +€10,214
up €10,214 (+40.5%), from €25,232 to €35,446
of which Plant, machinery and equipment: +€15,154
- Receivables within one year +€8,029
up €8,029 (+20.2%), from €39,700 to €47,729
of which Trade receivables: +€7,978
- Stocks and contracts -€7,843
down €7,843 (-76.8%), from €10,215 to €2,372
- Cash -€2,162
down €2,162 (-89.2%), from €2,423 to €261
mainly Investment in fixed assets (net) (-€16,009) and Trade debts (-€8,191)
- Debts after one year +€15,065
up €15,065 (+647%), from €2,329 to €17,393
- Profit (loss) carried forward +€10,853
up €10,853 (+56.1%), from -€19,344 to -€8,491
- Trade debts -€8,191
down €8,191 (-23.7%), from €34,506 to €26,315
- Other debts -€7,213
down €7,213 (-61.9%), from €11,651 to €4,438
- Current portion of long-term debt -€3,252
down €3,252 (-37.2%), from €8,746 to €5,494
- Depreciation -€5,419
down €5,419 (-46.1%), from €11,758 to €6,340
- Gross operating margin -€5,100
down €5,100 (-18.7%), from €27,304 to €22,204
- Financial income +€4,746
up €4,746 (+276%), from €1,717 to €6,462
- Financial charges -€467
down €467 (-9.8%), from €4,764 to €4,296
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 | €79,946 | €87,828 | +€7,882 | +9.9% |
| Fixed assets | 21/28 | €25,960 | €35,629 | +€9,669 | +37.2% |
| Intangible fixed assets | 21 | €653 | €109 | -€545 | -83.3% |
| Tangible fixed assets | 22/27 | €25,232 | €35,446 | +€10,214 | +40.5% |
| Land and buildings | 22 | €4,940 | €0 | -€4,940 | -100% |
| Plant, machinery and equipment | 23 | €20,291 | €35,446 | +€15,154 | +74.7% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €53,986 | €52,199 | -€1,787 | -3.3% |
| Stocks and contracts in progress | 3 | €10,215 | €2,372 | -€7,843 | -76.8% |
| Stocks | 30/36 | €10,215 | €2,372 | -€7,843 | -76.8% |
| Amounts receivable within one year | 40/41 | €39,700 | €47,729 | +€8,029 | +20.2% |
| Trade receivables | 40 | €39,323 | €47,301 | +€7,978 | +20.3% |
| Other amounts receivable | 41 | €377 | €428 | +€51 | +13.5% |
| Cash at bank and in hand | 54/58 | €2,423 | €261 | -€2,162 | -89.2% |
| Deferred charges and accrued income | 490/1 | €1,648 | €1,837 | +€189 | +11.5% |
| Total equity and liabilities | 10/49 | €79,946 | €87,828 | +€7,882 | +9.9% |
| Equity | 10/15 | €18,696 | €29,549 | +€10,853 | +58.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,840 | €31,840 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €31,840 | €31,840 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,344 | -€8,491 | +€10,853 | +56.1% |
| Amounts payable | 17/49 | €61,250 | €58,279 | -€2,970 | -4.8% |
| Amounts payable after more than one year | 17 | €2,329 | €17,393 | +€15,065 | +647% |
| Financial debts | 170/4 | €2,329 | €17,393 | +€15,065 | +647% |
| Amounts payable within one year | 42/48 | €58,921 | €40,886 | -€18,035 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €8,746 | €5,494 | -€3,252 | -37.2% |
| Financial debts | 43 | - | €1,983 | +€1,983 | |
| Credit institutions | 430/8 | - | €1,983 | +€1,983 | |
| Trade debts | 44 | €34,506 | €26,315 | -€8,191 | -23.7% |
| Suppliers | 440/4 | €34,506 | €26,315 | -€8,191 | -23.7% |
| Taxes, remuneration and social security | 45 | €4,018 | €2,657 | -€1,361 | -33.9% |
| Taxes | 450/3 | €4,018 | €2,657 | -€1,361 | -33.9% |
| Other amounts payable | 47/48 | €11,651 | €4,438 | -€7,213 | -61.9% |
| Remuneration, social security and pensions | 62 | €741 | €725 | -€16 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,758 | €6,340 | -€5,419 | -46.1% |
| Other operating charges | 640/8 | €1,267 | €1,369 | +€102 | +8.0% |
| Non-recurring operating charges | 66A | - | €4,940 | +€4,940 | |
| Gross operating margin | 9900 | €27,304 | €22,204 | -€5,100 | -18.7% |
| Operating profit (loss) | 9901 | €13,538 | €8,830 | -€4,708 | -34.8% |
| Financial income | 75/76B | €1,717 | €6,462 | +€4,746 | +276% |
| Recurring financial income | 75 | €1,717 | €6,462 | +€4,746 | +276% |
| Financial charges | 65/66B | €4,764 | €4,296 | -€467 | -9.8% |
| Recurring financial charges | 65 | €4,764 | €4,296 | -€467 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €10,491 | €10,996 | +€505 | +4.8% |
| Income taxes | 67/77 | €135 | €143 | +€7 | +5.3% |
| Profit (loss) for the period | 9904 | €10,355 | €10,853 | +€498 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,355 | €10,853 | +€498 | +4.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.