Velda: 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.
What changed
Velda
NACE 10.111, Manufacture of food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€10,679
2024 · €16,803-€6,124
Equity
€3.8m
2024 · €3.8m+€10,679
Cash
€586,048
2024 · €604,580-€18,532
Balance sheet total
€6.6m
2024 · €6.7m-€92,198
Largest movements
Assets
- Receivables within one year -€297,760
down €297,760 (-15.4%), from €1.9m to €1.6m
of which Trade receivables: -€298,491
- Stocks and contracts +€279,067
up €279,067 (+22.8%), from €1.2m to €1.5m
Equity and liabilities
- Trade debts -€118,847
down €118,847 (-36.7%), from €323,722 to €204,876
- Other debts +€80,000
up €80,000, from €0 to €80,000
Income statement
- Turnover -€972,033
down €972,033 (-5.6%), from €17.4m to €16.4m
- Goods and materials -€883,669
down €883,669 (-6.4%), from €13.7m to €12.8m
of which Purchases: -€934,924
- Services and other goods -€204,361
down €204,361 (-9.1%), from €2.3m to €2.0m
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.
Result 2024
€16,803
Turnover
-€972,033
Other operating income
+€3,004
Goods and materials
+€883,669
Services and other goods
+€204,361
Staff costs
-€80,327
Depreciation
+€6,498
Provisions
+€10,000
Other operating charges
-€92,547
Other operating items
+€28,581
Financial income
-€35,739
Financial charges
+€66,667
Taxes
-€28,257
Result 2025
€10,679
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.
From operations
+€46,634
Investment
-€5,161
Financing
-€60,004
Cash 2024
€604,580
From operations (derived)
+€46,634
Net result for the year
+€10,679
Depreciation
+€51,034
Stocks and contracts
-€279,067
Receivables within one year
+€297,760
Deferred charges and accrued income
+€9,101
Provisions
-€10,000
Trade debts
-€118,847
Tax, wage and social debts
+€34,974
Other debts
+€80,000
Accrued charges and deferred income
-€29,000
Investment (derived)
-€5,161
Investment in fixed assets (net)
-€5,161
Financing
-€60,004
Debts after one year
-€60,004
Cash 2025
€586,048
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,707,371 | €6,615,173 | -€92,198 | -1.4% |
| Fixed assets | 21/28 | €2,933,061 | €2,887,188 | -€45,872 | -1.6% |
| Tangible fixed assets | 22/27 | €143,748 | €97,876 | -€45,872 | -31.9% |
| Land and buildings | 22 | €42,648 | €39,132 | -€3,517 | -8.2% |
| Plant, machinery and equipment | 23 | €75,487 | €46,395 | -€29,092 | -38.5% |
| Furniture and vehicles | 24 | €25,613 | €12,350 | -€13,263 | -51.8% |
| Financial fixed assets | 28 | €2,789,313 | €2,789,313 | = | 0.0% |
| Affiliated companies | 280/1 | €2,763,313 | €2,763,313 | = | 0.0% |
| Participating interests | 280 | €2,763,313 | €2,763,313 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €26,000 | €26,000 | = | 0.0% |
| Participating interests | 282 | €26,000 | €26,000 | = | 0.0% |
| Current assets | 29/58 | €3,774,310 | €3,727,985 | -€46,325 | -1.2% |
| Stocks and contracts in progress | 3 | €1,221,939 | €1,501,006 | +€279,067 | +22.8% |
| Stocks | 30/36 | €1,221,939 | €1,501,006 | +€279,067 | +22.8% |
| Raw materials and consumables | 30/31 | €218,826 | €235,786 | +€16,960 | +7.8% |
| Finished goods | 33 | €73,933 | €69,330 | -€4,603 | -6.2% |
| Goods purchased for resale | 34 | €929,179 | €868,773 | -€60,406 | -6.5% |
| Advance payments | 36 | €0 | €327,117 | +€327,117 | |
| Amounts receivable within one year | 40/41 | €1,928,459 | €1,630,699 | -€297,760 | -15.4% |
| Trade receivables | 40 | €1,846,416 | €1,547,925 | -€298,491 | -16.2% |
| Other amounts receivable | 41 | €82,043 | €82,774 | +€731 | +0.9% |
| Cash at bank and in hand | 54/58 | €604,580 | €586,048 | -€18,532 | -3.1% |
| Deferred charges and accrued income | 490/1 | €19,333 | €10,232 | -€9,101 | -47.1% |
| Total equity and liabilities | 10/49 | €6,707,371 | €6,615,173 | -€92,198 | -1.4% |
| Equity | 10/15 | €3,835,367 | €3,846,046 | +€10,679 | +0.3% |
| Contributions | 10/11 | €991,574 | €991,574 | = | 0.0% |
| Capital | 10 | €991,574 | €991,574 | = | 0.0% |
| Issued capital | 100 | €991,574 | €991,574 | = | 0.0% |
| Reserves | 13 | €1,179,316 | €1,179,316 | = | 0.0% |
| Non-distributable reserves | 130/1 | €99,157 | €99,157 | = | 0.0% |
| Legal reserve | 130 | €99,157 | €99,157 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,975 | €2,975 | = | 0.0% |
| Distributable reserves | 133 | €1,077,184 | €1,077,184 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,664,477 | €1,675,156 | +€10,679 | +0.6% |
| Provisions and deferred taxes | 16 | €10,000 | €0 | -€10,000 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €0 | -€10,000 | -100.0% |
| Other liabilities and charges | 164/5 | €10,000 | €0 | -€10,000 | -100.0% |
| Amounts payable | 17/49 | €2,862,004 | €2,769,127 | -€92,877 | -3.2% |
| Amounts payable after more than one year | 17 | €218,308 | €158,304 | -€60,004 | -27.5% |
| Financial debts | 170/4 | €218,308 | €158,304 | -€60,004 | -27.5% |
| Credit institutions | 173 | €218,308 | €158,304 | -€60,004 | -27.5% |
| Amounts payable within one year | 42/48 | €2,597,346 | €2,593,473 | -€3,873 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €60,004 | €60,004 | = | 0.0% |
| Financial debts | 43 | €2,087,120 | €2,087,120 | = | 0.0% |
| Credit institutions | 430/8 | €2,087,120 | €2,087,120 | = | 0.0% |
| Trade debts | 44 | €323,722 | €204,876 | -€118,847 | -36.7% |
| Suppliers | 440/4 | €323,722 | €204,876 | -€118,847 | -36.7% |
| Taxes, remuneration and social security | 45 | €126,499 | €161,474 | +€34,974 | +27.6% |
| Taxes | 450/3 | €17,162 | €45,377 | +€28,215 | +164.4% |
| Remuneration and social security | 454/9 | €109,337 | €116,096 | +€6,759 | +6.2% |
| Other amounts payable | 47/48 | €0 | €80,000 | +€80,000 | |
| Accrued charges and deferred income | 492/3 | €46,350 | €17,350 | -€29,000 | -62.6% |
| Operating income | 70/76A | €17,405,185 | €16,464,661 | -€940,524 | -5.4% |
| Turnover | 70 | €17,402,066 | €16,430,033 | -€972,033 | -5.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€33,109 | -€4,603 | +€28,506 | +86.1% |
| Other operating income | 74 | €36,228 | €39,232 | +€3,004 | +8.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €17,254,047 | €16,322,318 | -€931,730 | -5.4% |
| Goods for resale, raw materials and consumables | 60 | €13,718,231 | €12,834,562 | -€883,669 | -6.4% |
| Purchases | 600/8 | €13,726,040 | €12,791,116 | -€934,924 | -6.8% |
| Change in stocks: decrease (increase) | 609 | -€7,809 | €43,446 | +€51,255 | |
| Services and other goods | 61 | €2,250,842 | €2,046,481 | -€204,361 | -9.1% |
| Remuneration, social security and pensions | 62 | €1,185,151 | €1,265,478 | +€80,327 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,532 | €51,034 | -€6,498 | -11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€10,000 | -€10,000 | |
| Other operating charges | 640/8 | €41,558 | €134,104 | +€92,547 | +222.7% |
| Non-recurring operating charges | 66A | €734 | €659 | -€75 | -10.2% |
| Operating profit (loss) | 9901 | €151,137 | €142,343 | -€8,794 | -5.8% |
| Financial income | 75/76B | €78,007 | €42,268 | -€35,739 | -45.8% |
| Recurring financial income | 75 | €78,007 | €42,268 | -€35,739 | -45.8% |
| Other financial income | 752/9 | €78,007 | €42,268 | -€35,739 | -45.8% |
| Financial charges | 65/66B | €196,064 | €129,397 | -€66,667 | -34.0% |
| Recurring financial charges | 65 | €196,064 | €129,397 | -€66,667 | -34.0% |
| Debt charges | 650 | €109,017 | €84,355 | -€24,662 | -22.6% |
| Other financial charges | 652/9 | €87,047 | €45,043 | -€42,004 | -48.3% |
| Profit (loss) for the period before taxes | 9903 | €33,081 | €55,214 | +€22,133 | +66.9% |
| Income taxes | 67/77 | €16,278 | €44,535 | +€28,257 | +173.6% |
| Taxes | 670/3 | €16,278 | €44,535 | +€28,257 | +173.6% |
| Profit (loss) for the period | 9904 | €16,803 | €10,679 | -€6,124 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,803 | €10,679 | -€6,124 | -36.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.