VELDAN: 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.
VELDAN
Largest movements
- Receivables within one year -€4,684
down €4,684 (-13.7%), from €34,309 to €29,625
of which Trade receivables: -€2,474
- Cash +€1,403
up €1,403 (+347.4%), from €404 to €1,807
mainly Receivables within one year (+€4,684) and Net result for the year (+€776)
- Deferred charges and accrued income +€352
new in 2025: €352
- Short-term financial debts -€1,509
no longer reported in 2025 (was €1,509)
- Trade debts -€1,412
down €1,412 (-45.5%), from €3,104 to €1,692
- Tax, wage and social debts -€785
no longer reported in 2025 (was €785)
- Profit (loss) carried forward +€776
up €776 (+3.6%), from €21,405 to €22,181
- Gross operating margin -€11,118
down €11,118 (-91.3%), from €12,182 to €1,063
- Taxes -€2,117
down €2,117 (-76.0%), from €2,785 to €668
- Financial income +€455
up €455 (+38.9%), from €1,168 to €1,623
- Other operating charges +€345
up €345 (+76.8%), from €450 to €795
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 | €34,863 | €31,933 | -€2,930 | -8.4% |
| Fixed assets | 21/28 | €150 | €150 | = | 0.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €34,713 | €31,783 | -€2,930 | -8.4% |
| Amounts receivable within one year | 40/41 | €34,309 | €29,625 | -€4,684 | -13.7% |
| Trade receivables | 40 | €4,614 | €2,140 | -€2,474 | -53.6% |
| Other amounts receivable | 41 | €29,695 | €27,485 | -€2,210 | -7.4% |
| Cash at bank and in hand | 54/58 | €404 | €1,807 | +€1,403 | +347.4% |
| Deferred charges and accrued income | 490/1 | - | €352 | +€352 | |
| Total equity and liabilities | 10/49 | €34,863 | €31,933 | -€2,930 | -8.4% |
| Equity | 10/15 | €29,465 | €30,241 | +€776 | +2.6% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,405 | €22,181 | +€776 | +3.6% |
| Amounts payable | 17/49 | €5,398 | €1,692 | -€3,706 | -68.7% |
| Amounts payable within one year | 42/48 | €5,398 | €1,692 | -€3,706 | -68.7% |
| Financial debts | 43 | €1,509 | - | -€1,509 | |
| Credit institutions | 430/8 | €1,509 | - | -€1,509 | |
| Trade debts | 44 | €3,104 | €1,692 | -€1,412 | -45.5% |
| Suppliers | 440/4 | €3,104 | €1,692 | -€1,412 | -45.5% |
| Taxes, remuneration and social security | 45 | €785 | - | -€785 | |
| Taxes | 450/3 | €785 | - | -€785 | |
| Other operating charges | 640/8 | €450 | €795 | +€345 | +76.8% |
| Gross operating margin | 9900 | €12,182 | €1,063 | -€11,118 | -91.3% |
| Operating profit (loss) | 9901 | €11,732 | €268 | -€11,464 | -97.7% |
| Financial income | 75/76B | €1,168 | €1,623 | +€455 | +38.9% |
| Recurring financial income | 75 | €1,168 | €1,623 | +€455 | +38.9% |
| Financial charges | 65/66B | €549 | €446 | -€103 | -18.7% |
| Recurring financial charges | 65 | €549 | €446 | -€103 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €12,351 | €1,445 | -€10,906 | -88.3% |
| Income taxes | 67/77 | €2,785 | €668 | -€2,117 | -76.0% |
| Profit (loss) for the period | 9904 | €9,565 | €776 | -€8,789 | -91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,565 | €776 | -€8,789 | -91.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.