VELDKANT: 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.
VELDKANT
Largest movements
- Tangible fixed assets +€4,498
up €4,498 (+13.1%), from €34,292 to €38,790
of which Furniture and vehicles: +€4,015
- Receivables within one year +€4,467
new in 2025: €4,467
of which Trade receivables: +€4,250
- Cash -€3,587
down €3,587 (-7.2%), from €49,879 to €46,293
mainly Investment in fixed assets (net) (-€6,236) and Receivables within one year (-€4,467)
- Deferred charges and accrued income -€1,063
no longer reported in 2025 (was €1,063)
- Trade debts +€3,545
up €3,545 (+3591.1%), from €99 to €3,643
- Tax, wage and social debts +€1,000
new in 2025: €1,000
of which Taxes: +€510
- Gross operating margin +€7,614
up €7,614, from -€3,094 to €4,520
- Depreciation -€2,497
down €2,497 (-59.0%), from €4,235 to €1,738
- Financial charges -€299
down €299 (-87.0%), from €344 to €45
- Other operating charges +€86
up €86 (+3.3%), from €2,580 to €2,666
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 | €85,234 | €89,550 | +€4,316 | +5.1% |
| Fixed assets | 21/28 | €34,292 | €38,790 | +€4,498 | +13.1% |
| Tangible fixed assets | 22/27 | €34,292 | €38,790 | +€4,498 | +13.1% |
| Land and buildings | 22 | €34,292 | €34,775 | +€483 | +1.4% |
| Furniture and vehicles | 24 | €0 | €4,015 | +€4,015 | +6691683.3% |
| Current assets | 29/58 | €50,942 | €50,760 | -€182 | -0.4% |
| Amounts receivable within one year | 40/41 | - | €4,467 | +€4,467 | |
| Trade receivables | 40 | - | €4,250 | +€4,250 | |
| Other amounts receivable | 41 | - | €217 | +€217 | |
| Cash at bank and in hand | 54/58 | €49,879 | €46,293 | -€3,587 | -7.2% |
| Deferred charges and accrued income | 490/1 | €1,063 | - | -€1,063 | |
| Total equity and liabilities | 10/49 | €85,234 | €89,550 | +€4,316 | +5.1% |
| Equity | 10/15 | €84,835 | €84,906 | +€71 | +0.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €71,144 | €71,144 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €64,894 | €64,894 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,808 | -€48,738 | +€71 | +0.1% |
| Amounts payable | 17/49 | €399 | €4,643 | +€4,245 | +1064.6% |
| Amounts payable within one year | 42/48 | €99 | €4,643 | +€4,545 | +4604.2% |
| Trade debts | 44 | €99 | €3,643 | +€3,545 | +3591.1% |
| Suppliers | 440/4 | €99 | €3,643 | +€3,545 | +3591.1% |
| Taxes, remuneration and social security | 45 | - | €1,000 | +€1,000 | |
| Taxes | 450/3 | - | €510 | +€510 | |
| Remuneration and social security | 454/9 | - | €490 | +€490 | |
| Accrued charges and deferred income | 492/3 | €300 | - | -€300 | |
| Non-recurring operating income | 76A | €2,151 | - | -€2,151 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,235 | €1,738 | -€2,497 | -59.0% |
| Other operating charges | 640/8 | €2,580 | €2,666 | +€86 | +3.3% |
| Gross operating margin | 9900 | -€3,094 | €4,520 | +€7,614 | |
| Operating profit (loss) | 9901 | -€9,909 | €116 | +€10,025 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €344 | €45 | -€299 | -87.0% |
| Recurring financial charges | 65 | €344 | €45 | -€299 | -87.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,253 | €71 | +€10,324 | |
| Profit (loss) for the period | 9904 | -€10,253 | €71 | +€10,324 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,253 | €71 | +€10,324 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.