VELDCO: 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.
VELDCO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves +€90,910
up €90,910 (+10.3%), from €884,793 to €975,703
of which Distributable reserves: +€90,910
- Debts after one year -€81,000
down €81,000 (-24.9%), from €325,500 to €244,500
of which Other amounts payable: -€81,000
- Gross operating margin -€19,302
down €19,302 (-13.3%), from €145,024 to €125,721
- Financial charges +€7,451
up €7,451 (+1302.7%), from €572 to €8,023
- Taxes -€5,755
down €5,755 (-18.8%), from €30,552 to €24,798
- Depreciation -€4,965
down €4,965 (-94.3%), from €5,264 to €298
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,352,699 | €1,357,999 | +€5,300 | +0.4% |
| Fixed assets | 21/28 | €1,250,746 | €1,250,447 | -€298 | 0.0% |
| Tangible fixed assets | 22/27 | €746 | €447 | -€298 | -40.0% |
| Furniture and vehicles | 24 | €746 | €447 | -€298 | -40.0% |
| Financial fixed assets | 28 | €1,250,000 | €1,250,000 | = | 0.0% |
| Current assets | 29/58 | €101,954 | €107,552 | +€5,599 | +5.5% |
| Amounts receivable within one year | 40/41 | €92,576 | €98,187 | +€5,611 | +6.1% |
| Trade receivables | 40 | €20,588 | €20,982 | +€394 | +1.9% |
| Other amounts receivable | 41 | €71,987 | €77,205 | +€5,217 | +7.2% |
| Cash at bank and in hand | 54/58 | €8,000 | €7,905 | -€95 | -1.2% |
| Deferred charges and accrued income | 490/1 | €1,378 | €1,460 | +€82 | +5.9% |
| Total equity and liabilities | 10/49 | €1,352,699 | €1,357,999 | +€5,300 | +0.4% |
| Equity | 10/15 | €903,393 | €994,303 | +€90,910 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €884,793 | €975,703 | +€90,910 | +10.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €884,793 | €975,703 | +€90,910 | +10.3% |
| Amounts payable | 17/49 | €449,306 | €363,696 | -€85,610 | -19.1% |
| Amounts payable after more than one year | 17 | €325,500 | €244,500 | -€81,000 | -24.9% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €325,500 | €244,500 | -€81,000 | -24.9% |
| Amounts payable within one year | 42/48 | €123,806 | €119,196 | -€4,610 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €84,543 | €80,000 | -€4,543 | -5.4% |
| Trade debts | 44 | €527 | €1,051 | +€525 | +99.6% |
| Suppliers | 440/4 | €527 | €1,051 | +€525 | +99.6% |
| Taxes, remuneration and social security | 45 | €23,628 | €15,964 | -€7,664 | -32.4% |
| Taxes | 450/3 | €19,961 | €12,271 | -€7,691 | -38.5% |
| Remuneration and social security | 454/9 | €3,667 | €3,693 | +€26 | +0.7% |
| Other amounts payable | 47/48 | €15,108 | €22,181 | +€7,073 | +46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,264 | €298 | -€4,965 | -94.3% |
| Other operating charges | 640/8 | €1,312 | €1,692 | +€381 | +29.0% |
| Gross operating margin | 9900 | €145,024 | €125,721 | -€19,302 | -13.3% |
| Operating profit (loss) | 9901 | €138,448 | €123,731 | -€14,718 | -10.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €572 | €8,023 | +€7,451 | +1302.7% |
| Recurring financial charges | 65 | €572 | €8,023 | +€7,451 | +1302.7% |
| Profit (loss) for the period before taxes | 9903 | €137,876 | €115,708 | -€22,168 | -16.1% |
| Income taxes | 67/77 | €30,552 | €24,798 | -€5,755 | -18.8% |
| Profit (loss) for the period | 9904 | €107,324 | €90,910 | -€16,414 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €107,324 | €90,910 | -€16,414 | -15.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.