VELDKREKEL: 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.
VELDKREKEL
Largest movements
- Receivables within one year +€672,352
up €672,352 (+255%), from €264,008 to €936,361
of which Trade receivables: +€603,485
- Cash -€420,633
down €420,633 (-71.1%), from €591,639 to €171,007
mainly Receivables within one year (-€672,352) and Stocks and contracts (-€37,781)
- Tangible fixed assets -€84,661
down €84,661 (-16.7%), from €507,430 to €422,770
of which Land and buildings: -€71,647
- Stocks and contracts +€37,781
up €37,781 (+5.8%), from €656,175 to €693,956
- Reserves +€233,409
up €233,409 (+15.0%), from €1.6m to €1.8m
of which Distributable reserves: +€233,409
- Trade debts -€37,405
down €37,405 (-8.8%), from €424,358 to €386,953
- Gross operating margin -€425,085
down €425,085 (-51.4%), from €827,394 to €402,309
- Taxes -€108,877
down €108,877 (-58.6%), from €185,852 to €76,975
- Depreciation +€10,620
up €10,620 (+14.2%), from €74,579 to €85,198
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,028,942 | €2,232,297 | +€203,355 | +10.0% |
| Fixed assets | 21/28 | €512,607 | €427,408 | -€85,198 | -16.6% |
| Intangible fixed assets | 21 | €5,176 | €4,638 | -€538 | -10.4% |
| Tangible fixed assets | 22/27 | €507,430 | €422,770 | -€84,661 | -16.7% |
| Land and buildings | 22 | €380,023 | €308,376 | -€71,647 | -18.9% |
| Plant, machinery and equipment | 23 | €127,407 | €114,394 | -€13,014 | -10.2% |
| Current assets | 29/58 | €1,516,336 | €1,804,889 | +€288,553 | +19.0% |
| Stocks and contracts in progress | 3 | €656,175 | €693,956 | +€37,781 | +5.8% |
| Stocks | 30/36 | €656,175 | €693,956 | +€37,781 | +5.8% |
| Amounts receivable within one year | 40/41 | €264,008 | €936,361 | +€672,352 | +255% |
| Trade receivables | 40 | €229,433 | €832,919 | +€603,485 | +263% |
| Other amounts receivable | 41 | €34,575 | €103,442 | +€68,867 | +199% |
| Cash at bank and in hand | 54/58 | €591,639 | €171,007 | -€420,633 | -71.1% |
| Deferred charges and accrued income | 490/1 | €4,513 | €3,566 | -€948 | -21.0% |
| Total equity and liabilities | 10/49 | €2,028,942 | €2,232,297 | +€203,355 | +10.0% |
| Equity | 10/15 | €1,577,969 | €1,810,575 | +€232,606 | +14.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,556,163 | €1,789,573 | +€233,409 | +15.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,535,554 | €1,768,963 | +€233,409 | +15.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €3,214 | €2,411 | -€804 | -25.0% |
| Provisions and deferred taxes | 16 | €1,583 | €1,187 | -€396 | -25.0% |
| Deferred taxes | 168 | €1,583 | €1,187 | -€396 | -25.0% |
| Amounts payable | 17/49 | €449,390 | €420,535 | -€28,855 | -6.4% |
| Amounts payable within one year | 42/48 | €449,390 | €420,535 | -€28,855 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €424,358 | €386,953 | -€37,405 | -8.8% |
| Suppliers | 440/4 | €424,358 | €386,953 | -€37,405 | -8.8% |
| Taxes, remuneration and social security | 45 | €6,584 | €19,887 | +€13,302 | +202% |
| Taxes | 450/3 | €6,584 | €19,887 | +€13,302 | +202% |
| Other amounts payable | 47/48 | €18,448 | €13,695 | -€4,753 | -25.8% |
| Non-recurring operating income | 76A | - | €3,035 | +€3,035 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,579 | €85,198 | +€10,620 | +14.2% |
| Other operating charges | 640/8 | €8,038 | €7,798 | -€240 | -3.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €827,394 | €402,309 | -€425,085 | -51.4% |
| Operating profit (loss) | 9901 | €744,778 | €309,313 | -€435,465 | -58.5% |
| Financial income | 75/76B | €804 | €908 | +€105 | +13.0% |
| Recurring financial income | 75 | €804 | €908 | +€105 | +13.0% |
| Financial charges | 65/66B | €1,924 | €232 | -€1,691 | -87.9% |
| Recurring financial charges | 65 | €1,924 | €232 | -€1,691 | -87.9% |
| Profit (loss) for the period before taxes | 9903 | €743,658 | €309,989 | -€433,669 | -58.3% |
| Transfer from deferred taxes | 780 | €396 | €396 | = | 0.0% |
| Income taxes | 67/77 | €185,852 | €76,975 | -€108,877 | -58.6% |
| Profit (loss) for the period | 9904 | €558,202 | €233,409 | -€324,792 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €558,202 | €233,409 | -€324,792 | -58.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.