VELDEMAN CONSULTING: what changed
VELDEMAN CONSULTING
Largest movements
- Tangible fixed assets +€225,216
up €225,216 (+236%), from €95,412 to €320,628
of which Land and buildings: +€150,711
- Receivables within one year -€23,257
down €23,257 (-31.8%), from €73,134 to €49,877
of which Trade receivables: -€31,263
- Deferred charges and accrued income -€18,487
down €18,487 (-94.0%), from €19,666 to €1,179
- Cash -€9,455
down €9,455 (-32.8%), from €28,788 to €19,334
mainly Investment in fixed assets (net) (-€255,687) and Trade debts (-€27,627)
- Debts after one year +€157,037
up €157,037 (+269%), from €58,383 to €215,420
- Current portion of long-term debt +€49,864
up €49,864 (+286%), from €17,437 to €67,301
- Trade debts -€27,627
down €27,627 (-65.0%), from €42,491 to €14,864
- Other debts -€4,903
down €4,903 (-83.1%), from €5,903 to €1,000
- Gross operating margin -€56,144
down €56,144 (-50.9%), from €110,298 to €54,154
- Taxes -€14,015
down €14,015 (-83.0%), from €16,888 to €2,874
- Depreciation +€5,240
up €5,240 (+20.8%), from €25,230 to €30,471
- Staff costs -€4,257
no longer reported in 2026 (was €4,257)
- Other operating charges -€2,199
down €2,199 (-58.5%), from €3,761 to €1,562
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €220,400 | €394,418 | +€174,018 | +79.0% |
| Fixed assets | 21/28 | €95,412 | €320,628 | +€225,216 | +236% |
| Tangible fixed assets | 22/27 | €95,412 | €320,628 | +€225,216 | +236% |
| Land and buildings | 22 | - | €150,711 | +€150,711 | |
| Plant, machinery and equipment | 23 | €4,684 | €19,086 | +€14,401 | +307% |
| Furniture and vehicles | 24 | €27,781 | €10,801 | -€16,979 | -61.1% |
| Leasing and similar rights | 25 | €62,946 | €140,030 | +€77,083 | +122% |
| Current assets | 29/58 | €124,988 | €73,790 | -€51,198 | -41.0% |
| Amounts receivable within one year | 40/41 | €73,134 | €49,877 | -€23,257 | -31.8% |
| Trade receivables | 40 | €72,003 | €40,740 | -€31,263 | -43.4% |
| Other amounts receivable | 41 | €1,130 | €9,137 | +€8,007 | +708% |
| Current investments | 50/53 | €3,400 | €3,400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,788 | €19,334 | -€9,455 | -32.8% |
| Deferred charges and accrued income | 490/1 | €19,666 | €1,179 | -€18,487 | -94.0% |
| Total equity and liabilities | 10/49 | €220,400 | €394,418 | +€174,018 | +79.0% |
| Equity | 10/15 | €88,196 | €90,583 | +€2,387 | +2.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €87,196 | €89,583 | +€2,387 | +2.7% |
| Distributable reserves | 133 | €87,196 | €89,583 | +€2,387 | +2.7% |
| Amounts payable | 17/49 | €132,203 | €303,835 | +€171,631 | +130% |
| Amounts payable after more than one year | 17 | €58,383 | €215,420 | +€157,037 | +269% |
| Financial debts | 170/4 | €58,383 | €215,420 | +€157,037 | +269% |
| Amounts payable within one year | 42/48 | €73,821 | €88,415 | +€14,594 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €17,437 | €67,301 | +€49,864 | +286% |
| Trade debts | 44 | €42,491 | €14,864 | -€27,627 | -65.0% |
| Suppliers | 440/4 | €42,491 | €14,864 | -€27,627 | -65.0% |
| Taxes, remuneration and social security | 45 | €7,990 | €5,250 | -€2,739 | -34.3% |
| Taxes | 450/3 | €7,990 | €5,250 | -€2,739 | -34.3% |
| Other amounts payable | 47/48 | €5,903 | €1,000 | -€4,903 | -83.1% |
| Non-recurring operating income | 76A | €50,222 | - | -€50,222 | |
| Remuneration, social security and pensions | 62 | €4,257 | - | -€4,257 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,230 | €30,471 | +€5,240 | +20.8% |
| Other operating charges | 640/8 | €3,761 | €1,562 | -€2,199 | -58.5% |
| Non-recurring operating charges | 66A | €6,890 | €6,460 | -€430 | -6.2% |
| Gross operating margin | 9900 | €110,298 | €54,154 | -€56,144 | -50.9% |
| Operating profit (loss) | 9901 | €70,159 | €15,661 | -€54,498 | -77.7% |
| Financial income | 75/76B | €62 | €248 | +€185 | +297% |
| Recurring financial income | 75 | €62 | €248 | +€185 | +297% |
| Financial charges | 65/66B | €10,872 | €9,648 | -€1,224 | -11.3% |
| Recurring financial charges | 65 | €10,872 | €9,648 | -€1,224 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €59,349 | €6,260 | -€53,089 | -89.5% |
| Income taxes | 67/77 | €16,888 | €2,874 | -€14,015 | -83.0% |
| Profit (loss) for the period | 9904 | €42,461 | €3,387 | -€39,074 | -92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,461 | €3,387 | -€39,074 | -92.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.