Veld Vision: 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.
Veld Vision
Largest movements
- Tangible fixed assets +€50,370
up €50,370 (+1158.4%), from €4,348 to €54,718
of which Furniture and vehicles: +€49,782
- Cash +€20,429
up €20,429 (+213.8%), from €9,556 to €29,985
mainly Net result for the year (+€28,285) and Debts after one year (+€27,138)
- Receivables within one year -€4,882
down €4,882 (-41.9%), from €11,655 to €6,772
of which Trade receivables: -€4,779
- Deferred charges and accrued income +€4,424
up €4,424 (+275.7%), from €1,605 to €6,028
- Intangible fixed assets +€1,666
new in 2025: €1,666
- Reserves +€28,285
up €28,285 (+530.3%), from €5,334 to €33,619
- Debts after one year +€27,138
new in 2025: €27,138
- Current portion of long-term debt +€11,432
new in 2025: €11,432
- Tax, wage and social debts +€6,914
up €6,914 (+60.1%), from €11,499 to €18,413
- Other debts -€3,475
down €3,475 (-52.6%), from €6,609 to €3,134
- Gross operating margin +€57,110
up €57,110 (+613.9%), from €9,303 to €66,413
- Write-downs +€16,673
new in 2025: €16,673
- Depreciation +€10,207
up €10,207 (+2901.1%), from €352 to €10,559
- Taxes +€5,826
up €5,826 (+183.5%), from €3,176 to €9,002
- Financial charges +€1,096
up €1,096 (+2072.4%), from €53 to €1,149
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 | €27,164 | €99,170 | +€72,006 | +265.1% |
| Fixed assets | 21/28 | €4,348 | €56,384 | +€52,036 | +1196.7% |
| Intangible fixed assets | 21 | - | €1,666 | +€1,666 | |
| Tangible fixed assets | 22/27 | €4,348 | €54,718 | +€50,370 | +1158.4% |
| Plant, machinery and equipment | 23 | - | €1,260 | +€1,260 | |
| Furniture and vehicles | 24 | - | €49,782 | +€49,782 | |
| Other tangible fixed assets | 26 | €4,348 | €3,677 | -€671 | -15.4% |
| Current assets | 29/58 | €22,815 | €42,786 | +€19,970 | +87.5% |
| Amounts receivable within one year | 40/41 | €11,655 | €6,772 | -€4,882 | -41.9% |
| Trade receivables | 40 | €11,552 | €6,772 | -€4,779 | -41.4% |
| Other amounts receivable | 41 | €103 | - | -€103 | |
| Cash at bank and in hand | 54/58 | €9,556 | €29,985 | +€20,429 | +213.8% |
| Deferred charges and accrued income | 490/1 | €1,605 | €6,028 | +€4,424 | +275.7% |
| Total equity and liabilities | 10/49 | €27,164 | €99,170 | +€72,006 | +265.1% |
| Equity | 10/15 | €7,334 | €35,619 | +€28,285 | +385.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €5,334 | €33,619 | +€28,285 | +530.3% |
| Distributable reserves | 133 | €5,334 | €33,619 | +€28,285 | +530.3% |
| Amounts payable | 17/49 | €19,830 | €63,551 | +€43,721 | +220.5% |
| Amounts payable after more than one year | 17 | - | €27,138 | +€27,138 | |
| Financial debts | 170/4 | - | €27,138 | +€27,138 | |
| Amounts payable within one year | 42/48 | €19,830 | €36,413 | +€16,583 | +83.6% |
| Current portion of amounts payable after more than one year | 42 | - | €11,432 | +€11,432 | |
| Trade debts | 44 | €1,722 | €3,434 | +€1,712 | +99.4% |
| Suppliers | 440/4 | €1,722 | €3,434 | +€1,712 | +99.4% |
| Taxes, remuneration and social security | 45 | €11,499 | €18,413 | +€6,914 | +60.1% |
| Taxes | 450/3 | €11,499 | €18,413 | +€6,914 | +60.1% |
| Other amounts payable | 47/48 | €6,609 | €3,134 | -€3,475 | -52.6% |
| Remuneration, social security and pensions | 62 | €46 | €107 | +€61 | +132.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €352 | €10,559 | +€10,207 | +2901.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,673 | +€16,673 | |
| Other operating charges | 640/8 | €342 | €638 | +€295 | +86.3% |
| Gross operating margin | 9900 | €9,303 | €66,413 | +€57,110 | +613.9% |
| Operating profit (loss) | 9901 | €8,562 | €38,436 | +€29,874 | +348.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +600.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +600.0% |
| Financial charges | 65/66B | €53 | €1,149 | +€1,096 | +2072.4% |
| Recurring financial charges | 65 | €53 | €1,149 | +€1,096 | +2072.4% |
| Profit (loss) for the period before taxes | 9903 | €8,509 | €37,287 | +€28,778 | +338.2% |
| Income taxes | 67/77 | €3,176 | €9,002 | +€5,826 | +183.5% |
| Profit (loss) for the period | 9904 | €5,334 | €28,285 | +€22,952 | +430.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,334 | €28,285 | +€22,952 | +430.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.