VELDKANT: 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.
VELDKANT
Largest movements
- Receivables within one year +€32,500
up €32,500 (+9.8%), from €331,064 to €363,564
of which Other amounts receivable: +€32,500
- Deferred charges and accrued income +€17,214
up €17,214 (+48.6%), from €35,448 to €52,662
- Other debts +€300,000
up €300,000 (+1428.6%), from €21,000 to €321,000
- Profit (loss) carried forward -€238,603
down €238,603 (-74.0%), from €322,486 to €83,883
- Current portion of long-term debt -€18,089
down €18,089 (-81.1%), from €22,307 to €4,217
- Tax, wage and social debts +€6,039
up €6,039 (+251.4%), from €2,402 to €8,442
- Financial income +€1,656
up €1,656 (+15.8%), from €10,453 to €12,109
- Gross operating margin +€1,488
up €1,488 (+2.1%), from €70,418 to €71,906
- Taxes +€1,039
up €1,039 (+5.2%), from €19,902 to €20,942
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 | €455,101 | €504,562 | +€49,461 | +10.9% |
| Fixed assets | 21/28 | €85,445 | €85,445 | = | 0.0% |
| Tangible fixed assets | 22/27 | €85,445 | €85,445 | = | 0.0% |
| Land and buildings | 22 | €85,445 | €85,445 | = | 0.0% |
| Current assets | 29/58 | €369,656 | €419,116 | +€49,461 | +13.4% |
| Amounts receivable within one year | 40/41 | €331,064 | €363,564 | +€32,500 | +9.8% |
| Trade receivables | 40 | €1,337 | €1,337 | = | 0.0% |
| Other amounts receivable | 41 | €329,727 | €362,227 | +€32,500 | +9.9% |
| Cash at bank and in hand | 54/58 | €3,143 | €2,890 | -€253 | -8.1% |
| Deferred charges and accrued income | 490/1 | €35,448 | €52,662 | +€17,214 | +48.6% |
| Total equity and liabilities | 10/49 | €455,101 | €504,562 | +€49,461 | +10.9% |
| Equity | 10/15 | €407,626 | €169,023 | -€238,603 | -58.5% |
| Contributions | 10/11 | €85,140 | €85,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | €322,486 | €83,883 | -€238,603 | -74.0% |
| Amounts payable | 17/49 | €47,475 | €335,539 | +€288,064 | +606.8% |
| Amounts payable within one year | 42/48 | €47,475 | €335,539 | +€288,064 | +606.8% |
| Current portion of amounts payable after more than one year | 42 | €22,307 | €4,217 | -€18,089 | -81.1% |
| Trade debts | 44 | €1,766 | €1,880 | +€114 | +6.5% |
| Suppliers | 440/4 | €1,766 | €1,880 | +€114 | +6.5% |
| Taxes, remuneration and social security | 45 | €2,402 | €8,442 | +€6,039 | +251.4% |
| Taxes | 450/3 | €2,402 | €8,442 | +€6,039 | +251.4% |
| Other amounts payable | 47/48 | €21,000 | €321,000 | +€300,000 | +1428.6% |
| Other operating charges | 640/8 | €387 | €525 | +€137 | +35.5% |
| Gross operating margin | 9900 | €70,418 | €71,906 | +€1,488 | +2.1% |
| Operating profit (loss) | 9901 | €70,030 | €71,381 | +€1,351 | +1.9% |
| Financial income | 75/76B | €10,453 | €12,109 | +€1,656 | +15.8% |
| Recurring financial income | 75 | €10,453 | €12,109 | +€1,656 | +15.8% |
| Financial charges | 65/66B | €989 | €1,152 | +€163 | +16.4% |
| Recurring financial charges | 65 | €989 | €1,152 | +€163 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €79,494 | €82,339 | +€2,845 | +3.6% |
| Income taxes | 67/77 | €19,902 | €20,942 | +€1,039 | +5.2% |
| Profit (loss) for the period | 9904 | €59,591 | €61,397 | +€1,806 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,591 | €61,397 | +€1,806 | +3.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.