VELDEMAN - INVEST: what changed
What changed
VELDEMAN - INVEST
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€48,538
2024 · €59,223-€10,685
Equity
€162,441
2024 · €113,903+€48,538
Cash
€157,865
2024 · €101,466+€56,399
Balance sheet total
€1.5m
2024 · €1.5m+€18,906
Largest movements
Assets
- Cash +€56,399
up €56,399 (+55.6%), from €101,466 to €157,865
mainly Depreciation (+€57,142) and Net result for the year (+€48,538)
- Tangible fixed assets -€54,521
down €54,521 (-4.1%), from €1.3m to €1.3m
of which Land and buildings: -€53,444
- Receivables within one year +€17,015
up €17,015 (+74.9%), from €22,719 to €39,735
of which Other amounts receivable: +€17,015
Equity and liabilities
- Profit (loss) carried forward +€48,538
up €48,538 (+329%), from €14,736 to €63,274
- Debts after one year -€46,965
down €46,965 (-6.1%), from €773,216 to €726,251
of which Financial debts: -€46,965
- Other debts +€17,147
up €17,147 (+3.4%), from €504,328 to €521,476
Income statement
- Financial charges +€6,836
up €6,836 (+31.1%), from €21,986 to €28,823
- Services and other goods +€3,606
up €3,606 (+24.7%), from €14,604 to €18,210
- Other operating income -€2,799
down €2,799 (-3.8%), from €73,734 to €70,935
- Other operating charges -€2,209
down €2,209 (-19.8%), from €11,177 to €8,968
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€59,223
Other operating income
-€2,799
Services and other goods
-€3,606
Depreciation
-€166
Other operating charges
+€2,209
Financial income
+€513
Financial charges
-€6,836
Result 2025
€48,538
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€105,304
Investment
-€2,621
Financing
-€46,284
Cash 2024
€101,466
From operations (derived)
+€105,304
Net result for the year
+€48,538
Depreciation
+€57,142
Receivables within one year
-€17,015
Deferred charges and accrued income
-€13
Trade debts
-€338
Tax, wage and social debts
+€864
Other debts
+€17,147
Accrued charges and deferred income
-€1,021
Investment (derived)
-€2,621
Investment in fixed assets (net)
-€2,621
Financing
-€46,284
Debts after one year
-€46,965
Current portion of long-term debt
+€682
Cash 2025
€157,865
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,451,733 | €1,470,639 | +€18,906 | +1.3% |
| Fixed assets | 21/28 | €1,325,864 | €1,271,343 | -€54,521 | -4.1% |
| Tangible fixed assets | 22/27 | €1,325,864 | €1,271,343 | -€54,521 | -4.1% |
| Land and buildings | 22 | €1,311,053 | €1,257,609 | -€53,444 | -4.1% |
| Plant, machinery and equipment | 23 | €14,811 | €13,734 | -€1,077 | -7.3% |
| Current assets | 29/58 | €125,869 | €199,296 | +€73,427 | +58.3% |
| Amounts receivable within one year | 40/41 | €22,719 | €39,735 | +€17,015 | +74.9% |
| Trade receivables | 40 | €9,075 | €9,075 | = | 0.0% |
| Other amounts receivable | 41 | €13,644 | €30,660 | +€17,015 | +125% |
| Cash at bank and in hand | 54/58 | €101,466 | €157,865 | +€56,399 | +55.6% |
| Deferred charges and accrued income | 490/1 | €1,684 | €1,697 | +€13 | +0.8% |
| Total equity and liabilities | 10/49 | €1,451,733 | €1,470,639 | +€18,906 | +1.3% |
| Equity | 10/15 | €113,903 | €162,441 | +€48,538 | +42.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €37,667 | €37,667 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,433 | €21,433 | = | 0.0% |
| Legal reserve | 130 | €21,433 | €21,433 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,255 | €2,255 | = | 0.0% |
| Distributable reserves | 133 | €13,979 | €13,979 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,736 | €63,274 | +€48,538 | +329% |
| Amounts payable | 17/49 | €1,337,830 | €1,308,198 | -€29,632 | -2.2% |
| Amounts payable after more than one year | 17 | €773,216 | €726,251 | -€46,965 | -6.1% |
| Financial debts | 170/4 | €770,816 | €723,851 | -€46,965 | -6.1% |
| Credit institutions | 173 | €770,816 | €723,851 | -€46,965 | -6.1% |
| Other amounts payable | 178/9 | €2,400 | €2,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €562,692 | €581,047 | +€18,355 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €50,169 | €50,850 | +€682 | +1.4% |
| Trade debts | 44 | €4,124 | €3,785 | -€338 | -8.2% |
| Suppliers | 440/4 | €4,124 | €3,785 | -€338 | -8.2% |
| Taxes, remuneration and social security | 45 | €4,071 | €4,935 | +€864 | +21.2% |
| Taxes | 450/3 | €4,071 | €4,935 | +€864 | +21.2% |
| Other amounts payable | 47/48 | €504,328 | €521,476 | +€17,147 | +3.4% |
| Accrued charges and deferred income | 492/3 | €1,922 | €901 | -€1,021 | -53.1% |
| Operating income | 70/76A | €163,734 | €160,935 | -€2,799 | -1.7% |
| Turnover | 70 | €90,000 | €90,000 | = | 0.0% |
| Other operating income | 74 | €73,734 | €70,935 | -€2,799 | -3.8% |
| Operating charges | 60/66A | €82,757 | €84,320 | +€1,563 | +1.9% |
| Services and other goods | 61 | €14,604 | €18,210 | +€3,606 | +24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,976 | €57,142 | +€166 | +0.3% |
| Other operating charges | 640/8 | €11,177 | €8,968 | -€2,209 | -19.8% |
| Operating profit (loss) | 9901 | €80,977 | €76,615 | -€4,362 | -5.4% |
| Financial income | 75/76B | €233 | €745 | +€513 | +221% |
| Recurring financial income | 75 | €233 | €745 | +€513 | +221% |
| Income from financial fixed assets | 750 | €233 | €745 | +€513 | +221% |
| Financial charges | 65/66B | €21,986 | €28,823 | +€6,836 | +31.1% |
| Recurring financial charges | 65 | €21,986 | €28,823 | +€6,836 | +31.1% |
| Debt charges | 650 | €21,445 | €28,044 | +€6,599 | +30.8% |
| Other financial charges | 652/9 | €542 | €779 | +€237 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | €59,223 | €48,538 | -€10,685 | -18.0% |
| Profit (loss) for the period | 9904 | €59,223 | €48,538 | -€10,685 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,223 | €48,538 | -€10,685 | -18.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.