Veldhuys: what changed
Two financial 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.
What changed
Veldhuys
NACE 68.204, Real estate activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€33,505
2024 · €118,963-€85,457
Equity
€291,114
2024 · €257,609+€33,505
Cash
€33,726
2024 · €25,960+€7,766
Balance sheet total
€8.2m
2024 · €6.2m+€2.0m
Largest movements
Assets
- Stocks and contracts +€1.6m
up €1.6m (+27.2%), from €6.0m to €7.6m
- Deferred charges and accrued income +€330,700
new in 2025: €330,700
Equity and liabilities
- Debts after one year +€1.0m
up €1.0m (+40.0%), from €2.5m to €3.5m
- Other debts +€876,495
up €876,495 (+108%), from €809,793 to €1.7m
- Advances received +€89,105
up €89,105 (+4,455%), from €2,000 to €91,105
Income statement
- Turnover -€424,149
down €424,149 (-18.6%), from €2.3m to €1.9m
- Goods and materials -€383,072
down €383,072 (-19.6%), from €2.0m to €1.6m
of which Purchases: -€1.4m
- Financial charges +€44,107
up €44,107 (+24.6%), from €179,207 to €223,313
- Taxes -€26,954
down €26,954 (-68.0%), from €39,654 to €12,700
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.
Result 2024
€118,963
Turnover
-€424,149
Other operating income
-€15,400
Goods and materials
+€383,072
Services and other goods
-€349
Other operating charges
-€4,901
Financial income
-€6,577
Financial charges
-€44,107
Taxes
+€26,954
Result 2025
€33,505
raises the resultlowers the result
Derived cash bridge
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.
From operations
-€983,634
Investment
-€8,600
Financing
+€1.0m
Cash 2024
€25,960
From operations (derived)
-€983,634
Net result for the year
+€33,505
Stocks and contracts
-€1.6m
Receivables within one year
-€47,845
Deferred charges and accrued income
-€330,700
Trade debts
+€3,175
Tax, wage and social debts
+€14,295
Advances received
+€89,105
Other debts
+€876,495
Investment (derived)
-€8,600
Investment in fixed assets (net)
-€8,600
Financing
+€1.0m
Debts after one year
+€1.0m
Cash 2025
€33,726
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,189,599 | €8,206,174 | +€2.0m | +32.6% |
| Fixed assets | 21/28 | €10,735 | €19,335 | +€8,600 | +80.1% |
| Financial fixed assets | 28 | €10,735 | €19,335 | +€8,600 | +80.1% |
| Other financial fixed assets | 284/8 | €10,735 | €19,335 | +€8,600 | +80.1% |
| Amounts receivable and cash guarantees | 285/8 | €10,735 | €19,335 | +€8,600 | +80.1% |
| Current assets | 29/58 | €6,178,864 | €8,186,839 | +€2.0m | +32.5% |
| Stocks and contracts in progress | 3 | €5,970,027 | €7,591,690 | +€1.6m | +27.2% |
| Stocks | 30/36 | €5,970,027 | €7,591,690 | +€1.6m | +27.2% |
| Property held for sale | 35 | €5,970,027 | €7,591,690 | +€1.6m | +27.2% |
| Amounts receivable within one year | 40/41 | €182,877 | €230,723 | +€47,845 | +26.2% |
| Trade receivables | 40 | €182,532 | €230,723 | +€48,191 | +26.4% |
| Other amounts receivable | 41 | €346 | - | -€346 | |
| Cash at bank and in hand | 54/58 | €25,960 | €33,726 | +€7,766 | +29.9% |
| Deferred charges and accrued income | 490/1 | - | €330,700 | +€330,700 | |
| Total equity and liabilities | 10/49 | €6,189,599 | €8,206,174 | +€2.0m | +32.6% |
| Equity | 10/15 | €257,609 | €291,114 | +€33,505 | +13.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €227,500 | €260,500 | +€33,000 | +14.5% |
| Distributable reserves | 133 | €227,500 | €260,500 | +€33,000 | +14.5% |
| Profit (loss) carried forward | 14 | €109 | €614 | +€505 | +464% |
| Amounts payable | 17/49 | €5,931,990 | €7,915,060 | +€2.0m | +33.4% |
| Amounts payable after more than one year | 17 | €2,500,000 | €3,500,000 | +€1.0m | +40.0% |
| Financial debts | 170/4 | €2,500,000 | €3,500,000 | +€1.0m | +40.0% |
| Other loans | 174 | €2,500,000 | €3,500,000 | +€1.0m | +40.0% |
| Amounts payable within one year | 42/48 | €3,431,990 | €4,415,060 | +€983,070 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €2,620,000 | €2,620,000 | = | 0.0% |
| Trade debts | 44 | - | €3,175 | +€3,175 | |
| Suppliers | 440/4 | - | €3,175 | +€3,175 | |
| Advances received on contracts in progress | 46 | €2,000 | €91,105 | +€89,105 | +4,455% |
| Taxes, remuneration and social security | 45 | €197 | €14,491 | +€14,295 | +7,262% |
| Taxes | 450/3 | €197 | €14,491 | +€14,295 | +7,262% |
| Other amounts payable | 47/48 | €809,793 | €1,686,288 | +€876,495 | +108% |
| Operating income | 70/76A | €2,309,150 | €1,869,601 | -€439,549 | -19.0% |
| Turnover | 70 | €2,279,750 | €1,855,601 | -€424,149 | -18.6% |
| Other operating income | 74 | €29,400 | €14,000 | -€15,400 | -52.4% |
| Operating charges | 60/66A | €1,977,926 | €1,600,105 | -€377,821 | -19.1% |
| Goods for resale, raw materials and consumables | 60 | €1,955,248 | €1,572,177 | -€383,072 | -19.6% |
| Purchases | 600/8 | €4,562,145 | €3,193,840 | -€1.4m | -30.0% |
| Change in stocks: decrease (increase) | 609 | -€2,606,897 | -€1,621,663 | +€985,234 | +37.8% |
| Services and other goods | 61 | €3,633 | €3,982 | +€349 | +9.6% |
| Other operating charges | 640/8 | €19,045 | €23,946 | +€4,901 | +25.7% |
| Operating profit (loss) | 9901 | €331,224 | €269,496 | -€61,728 | -18.6% |
| Financial income | 75/76B | €6,600 | €23 | -€6,577 | -99.7% |
| Recurring financial income | 75 | €6,600 | €23 | -€6,577 | -99.7% |
| Income from current assets | 751 | €6,600 | - | -€6,600 | |
| Other financial income | 752/9 | - | €23 | +€23 | |
| Financial charges | 65/66B | €179,207 | €223,313 | +€44,107 | +24.6% |
| Recurring financial charges | 65 | €179,207 | €223,313 | +€44,107 | +24.6% |
| Debt charges | 650 | €177,558 | €221,966 | +€44,408 | +25.0% |
| Other financial charges | 652/9 | €1,649 | €1,348 | -€302 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €158,617 | €46,205 | -€112,412 | -70.9% |
| Income taxes | 67/77 | €39,654 | €12,700 | -€26,954 | -68.0% |
| Taxes | 670/3 | €39,654 | €12,700 | -€26,954 | -68.0% |
| Profit (loss) for the period | 9904 | €118,963 | €33,505 | -€85,457 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €118,963 | €33,505 | -€85,457 | -71.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.