VELDIMMO: 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.
VELDIMMO
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+752.5%), from €164,228 to €1.4m
- Receivables within one year +€1.1m
up €1.1m (+646.7%), from €165,507 to €1.2m
of which Trade receivables: +€1.0m
- Current investments -€1.0m
down €1.0m (-100.0%), from €1.0m to €0
- Cash +€760,827
up €760,827 (+111.8%), from €680,740 to €1.4m
mainly Debts after one year (+€1.2m) and Current investments (+€1.0m)
- Deferred charges and accrued income -€123,550
down €123,550 (-25.3%), from €489,200 to €365,650
- Debts after one year +€1.2m
up €1.2m (+3908.1%), from €29,747 to €1.2m
of which Financial debts: +€1.2m
- Trade debts +€953,559
new in 2025: €953,559
- Reserves -€300,000
down €300,000 (-11.0%), from €2.7m to €2.4m
of which Distributable reserves: -€300,000
- Other debts +€237,500
new in 2025: €237,500
- Tax, wage and social debts -€110,286
down €110,286 (-86.0%), from €128,312 to €18,026
- Gross operating margin -€76,458
down €76,458 (-15.8%), from €484,766 to €408,308
- Taxes -€64,447
down €64,447 (-48.1%), from €133,877 to €69,430
- Depreciation +€42,015
new in 2025: €42,015
- Financial charges +€5,895
up €5,895 (+11.0%), from €53,657 to €59,552
of which Financial charges: +€59,300
- Financial income -€5,536
down €5,536 (-29.8%), from €18,551 to €13,014
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 | €4,617,675 | €6,561,081 | +€1.9m | +42.1% |
| Fixed assets | 21/28 | €2,282,228 | €3,518,088 | +€1.2m | +54.2% |
| Tangible fixed assets | 22/27 | €164,228 | €1,400,088 | +€1.2m | +752.5% |
| Land and buildings | 22 | €164,228 | €1,400,088 | +€1.2m | +752.5% |
| Financial fixed assets | 28 | €2,118,000 | €2,118,000 | = | 0.0% |
| Current assets | 29/58 | €2,335,447 | €3,042,993 | +€707,546 | +30.3% |
| Amounts receivable within one year | 40/41 | €165,507 | €1,235,775 | +€1.1m | +646.7% |
| Trade receivables | 40 | - | €1,046,136 | +€1.0m | |
| Other amounts receivable | 41 | €165,507 | €189,639 | +€24,133 | +14.6% |
| Current investments | 50/53 | €1,000,000 | €0 | -€1.0m | -100.0% |
| Cash at bank and in hand | 54/58 | €680,740 | €1,441,568 | +€760,827 | +111.8% |
| Deferred charges and accrued income | 490/1 | €489,200 | €365,650 | -€123,550 | -25.3% |
| Total equity and liabilities | 10/49 | €4,617,675 | €6,561,081 | +€1.9m | +42.1% |
| Equity | 10/15 | €4,459,616 | €4,159,695 | -€299,921 | -6.7% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Capital | 10 | €110,000 | €110,000 | = | 0.0% |
| Issued capital | 100 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €2,725,000 | €2,425,000 | -€300,000 | -11.0% |
| Non-distributable reserves | 130/1 | €11,000 | €11,000 | = | 0.0% |
| Legal reserve | 130 | €11,000 | €11,000 | = | 0.0% |
| Distributable reserves | 133 | €2,714,000 | €2,414,000 | -€300,000 | -11.1% |
| Profit (loss) carried forward | 14 | €1,614,746 | €1,614,824 | +€79 | 0.0% |
| Investment grants | 15 | €9,870 | €9,870 | = | 0.0% |
| Amounts payable | 17/49 | €158,059 | €2,401,387 | +€2.2m | +1419.3% |
| Amounts payable after more than one year | 17 | €29,747 | €1,192,302 | +€1.2m | +3908.1% |
| Financial debts | 170/4 | - | €1,162,554 | +€1.2m | |
| Other amounts payable | 178/9 | €29,747 | €29,747 | = | 0.0% |
| Amounts payable within one year | 42/48 | €128,312 | €1,209,085 | +€1.1m | +842.3% |
| Trade debts | 44 | - | €953,559 | +€953,559 | |
| Suppliers | 440/4 | - | €953,559 | +€953,559 | |
| Taxes, remuneration and social security | 45 | €128,312 | €18,026 | -€110,286 | -86.0% |
| Taxes | 450/3 | €128,312 | €18,026 | -€110,286 | -86.0% |
| Other amounts payable | 47/48 | - | €237,500 | +€237,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €42,015 | +€42,015 | |
| Other operating charges | 640/8 | €9,935 | €10,246 | +€311 | +3.1% |
| Gross operating margin | 9900 | €484,766 | €408,308 | -€76,458 | -15.8% |
| Operating profit (loss) | 9901 | €474,831 | €356,047 | -€118,784 | -25.0% |
| Financial income | 75/76B | €18,551 | €13,014 | -€5,536 | -29.8% |
| Recurring financial income | 75 | €18,551 | €13,014 | -€5,536 | -29.8% |
| Financial charges | 65/66B | €53,657 | €59,552 | +€5,895 | +11.0% |
| Recurring financial charges | 65 | €252 | €59,552 | +€59,300 | +23576.8% |
| Non-recurring financial charges | 66B | €53,405 | €0 | -€53,405 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €439,725 | €309,509 | -€130,216 | -29.6% |
| Income taxes | 67/77 | €133,877 | €69,430 | -€64,447 | -48.1% |
| Profit (loss) for the period | 9904 | €305,848 | €240,079 | -€65,769 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €305,848 | €240,079 | -€65,769 | -21.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.