Veldek: 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.
Veldek
Largest movements
- Stocks and contracts +€1.0m
up €1.0m (+568.9%), from €181,207 to €1.2m
- Cash -€606,510
down €606,510 (-99.6%), from €609,198 to €2,688
mainly Stocks and contracts (-€1.0m) and Tax, wage and social debts (-€14,432)
- Other debts +€431,125
up €431,125 (+85.8%), from €502,596 to €933,721
- Tax, wage and social debts -€14,432
down €14,432 (-91.7%), from €15,737 to €1,304
- Gross operating margin -€40,978
down €40,978 (-78.8%), from €51,976 to €10,997
- Taxes -€14,026
down €14,026 (-88.2%), from €15,903 to €1,877
- Financial charges +€2,046
up €2,046 (+59.9%), from €3,418 to €5,464
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €790,404 | €1,214,739 | +€424,335 | +53.7% |
| Current assets | 29/58 | €790,404 | €1,214,739 | +€424,335 | +53.7% |
| Stocks and contracts in progress | 3 | €181,207 | €1,212,051 | +€1.0m | +568.9% |
| Stocks | 30/36 | €181,207 | €1,212,051 | +€1.0m | +568.9% |
| Cash at bank and in hand | 54/58 | €609,198 | €2,688 | -€606,510 | -99.6% |
| Total equity and liabilities | 10/49 | €790,404 | €1,214,739 | +€424,335 | +53.7% |
| Equity | 10/15 | €260,917 | €264,002 | +€3,085 | +1.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €254,717 | €257,802 | +€3,085 | +1.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €252,857 | €255,942 | +€3,085 | +1.2% |
| Amounts payable | 17/49 | €529,488 | €950,737 | +€421,249 | +79.6% |
| Amounts payable within one year | 42/48 | €518,333 | €935,026 | +€416,693 | +80.4% |
| Taxes, remuneration and social security | 45 | €15,737 | €1,304 | -€14,432 | -91.7% |
| Taxes | 450/3 | €15,737 | €1,304 | -€14,432 | -91.7% |
| Other amounts payable | 47/48 | €502,596 | €933,721 | +€431,125 | +85.8% |
| Accrued charges and deferred income | 492/3 | €11,154 | €15,711 | +€4,557 | +40.9% |
| Non-recurring operating income | 76A | - | €1,600 | +€1,600 | |
| Other operating charges | 640/8 | €1,408 | €1,605 | +€197 | +14.0% |
| Gross operating margin | 9900 | €51,976 | €10,997 | -€40,978 | -78.8% |
| Operating profit (loss) | 9901 | €50,568 | €9,392 | -€41,175 | -81.4% |
| Financial income | 75/76B | €563 | €1,034 | +€471 | +83.6% |
| Recurring financial income | 75 | €563 | €1,034 | +€471 | +83.6% |
| Financial charges | 65/66B | €3,418 | €5,464 | +€2,046 | +59.9% |
| Recurring financial charges | 65 | €3,418 | €5,464 | +€2,046 | +59.9% |
| Profit (loss) for the period before taxes | 9903 | €47,713 | €4,962 | -€42,751 | -89.6% |
| Income taxes | 67/77 | €15,903 | €1,877 | -€14,026 | -88.2% |
| Profit (loss) for the period | 9904 | €31,810 | €3,085 | -€28,724 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,810 | €3,085 | -€28,724 | -90.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.