VELDEM CONSTRUCT: 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.
VELDEM CONSTRUCT
Largest movements
- Receivables within one year +€18,177
up €18,177 (+98.1%), from €18,531 to €36,707
of which Trade receivables: +€16,605
- Cash -€876
down €876 (-24.4%), from €3,589 to €2,713
mainly Receivables within one year (-€18,177) and Investment in fixed assets (net) (-€695)
- Tangible fixed assets +€574
new in 2025: €574
- Profit (loss) carried forward +€15,549
up €15,549 (+86.8%), from €17,919 to €33,468
- Tax, wage and social debts +€2,418
up €2,418 (+80.4%), from €3,008 to €5,426
of which Taxes: +€3,418
- Gross operating margin +€13,504
up €13,504 (+196.5%), from €6,871 to €20,375
- Taxes +€3,418
up €3,418 (+339.0%), from €1,008 to €4,426
- Financial charges -€1,653
down €1,653 (-90.3%), from €1,829 to €177
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 | €22,120 | €39,994 | +€17,875 | +80.8% |
| Fixed assets | 21/28 | - | €574 | +€574 | |
| Tangible fixed assets | 22/27 | - | €574 | +€574 | |
| Furniture and vehicles | 24 | - | €574 | +€574 | |
| Current assets | 29/58 | €22,120 | €39,421 | +€17,301 | +78.2% |
| Amounts receivable within one year | 40/41 | €18,531 | €36,707 | +€18,177 | +98.1% |
| Trade receivables | 40 | €18,260 | €34,866 | +€16,605 | +90.9% |
| Other amounts receivable | 41 | €270 | €1,841 | +€1,571 | +581.0% |
| Cash at bank and in hand | 54/58 | €3,589 | €2,713 | -€876 | -24.4% |
| Total equity and liabilities | 10/49 | €22,120 | €39,994 | +€17,875 | +80.8% |
| Equity | 10/15 | €19,019 | €34,568 | +€15,549 | +81.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,919 | €33,468 | +€15,549 | +86.8% |
| Amounts payable | 17/49 | €3,101 | €5,426 | +€2,326 | +75.0% |
| Amounts payable within one year | 42/48 | €3,101 | €5,426 | +€2,326 | +75.0% |
| Taxes, remuneration and social security | 45 | €3,008 | €5,426 | +€2,418 | +80.4% |
| Taxes | 450/3 | €1,008 | €4,426 | +€3,418 | +339.0% |
| Remuneration and social security | 454/9 | €2,000 | €1,000 | -€1,000 | -50.0% |
| Other amounts payable | 47/48 | €93 | - | -€93 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €121 | +€121 | |
| Other operating charges | 640/8 | €158 | €141 | -€18 | -11.1% |
| Gross operating margin | 9900 | €6,871 | €20,375 | +€13,504 | +196.5% |
| Operating profit (loss) | 9901 | €6,713 | €20,113 | +€13,400 | +199.6% |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Financial charges | 65/66B | €1,829 | €177 | -€1,653 | -90.3% |
| Recurring financial charges | 65 | €1,829 | €177 | -€1,653 | -90.3% |
| Profit (loss) for the period before taxes | 9903 | €4,883 | €19,976 | +€15,092 | +309.1% |
| Income taxes | 67/77 | €1,008 | €4,426 | +€3,418 | +339.0% |
| Profit (loss) for the period | 9904 | €3,875 | €15,549 | +€11,674 | +301.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,875 | €15,549 | +€11,674 | +301.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.