VELDVOLK: 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.
VELDVOLK
Largest movements
- Receivables within one year +€13,497
new in 2025: €13,497
of which Other amounts receivable: +€6,776
- Cash +€3,522
up €3,522 (+8.6%), from €40,994 to €44,516
mainly Net result for the year (+€13,641) and Tax, wage and social debts (+€9,629)
- Stocks and contracts +€2,193
up €2,193 (+8.1%), from €27,157 to €29,350
- Tangible fixed assets -€1,150
down €1,150 (-17.7%), from €6,501 to €5,351
of which Plant, machinery and equipment: -€2,145
- Reserves +€13,641
up €13,641 (+30.4%), from €44,889 to €58,530
- Tax, wage and social debts +€9,629
up €9,629 (+4,658%), from €207 to €9,835
of which Remuneration and social security: +€6,389
- Trade debts -€4,623
down €4,623 (-42.4%), from €10,910 to €6,287
- Accrued charges and deferred income -€2,930
down €2,930 (-24.7%), from €11,853 to €8,924
- Other debts +€1,676
up €1,676 (+260%), from €644 to €2,321
- Gross operating margin +€37,614
up €37,614 (+141%), from €26,691 to €64,305
- Staff costs +€34,542
new in 2025: €34,542
- Other operating charges +€9,340
up €9,340 (+7,916%), from €118 to €9,458
- Taxes -€1,312
down €1,312 (-27.6%), from €4,758 to €3,446
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 | €75,263 | €92,715 | +€17,452 | +23.2% |
| Fixed assets | 21/28 | €6,501 | €5,351 | -€1,150 | -17.7% |
| Tangible fixed assets | 22/27 | €6,501 | €5,351 | -€1,150 | -17.7% |
| Plant, machinery and equipment | 23 | €6,501 | €4,356 | -€2,145 | -33.0% |
| Other tangible fixed assets | 26 | - | €995 | +€995 | |
| Current assets | 29/58 | €68,761 | €87,364 | +€18,602 | +27.1% |
| Stocks and contracts in progress | 3 | €27,157 | €29,350 | +€2,193 | +8.1% |
| Stocks | 30/36 | €27,157 | €29,350 | +€2,193 | +8.1% |
| Amounts receivable within one year | 40/41 | - | €13,497 | +€13,497 | |
| Trade receivables | 40 | - | €6,721 | +€6,721 | |
| Other amounts receivable | 41 | - | €6,776 | +€6,776 | |
| Cash at bank and in hand | 54/58 | €40,994 | €44,516 | +€3,522 | +8.6% |
| Deferred charges and accrued income | 490/1 | €610 | - | -€610 | |
| Total equity and liabilities | 10/49 | €75,263 | €92,715 | +€17,452 | +23.2% |
| Equity | 10/15 | €51,639 | €65,280 | +€13,641 | +26.4% |
| Contributions | 10/11 | €6,750 | €6,750 | = | 0.0% |
| Reserves | 13 | €44,889 | €58,530 | +€13,641 | +30.4% |
| Distributable reserves | 133 | €44,889 | €58,530 | +€13,641 | +30.4% |
| Amounts payable | 17/49 | €23,624 | €27,435 | +€3,811 | +16.1% |
| Amounts payable after more than one year | 17 | €10 | €68 | +€58 | +584% |
| Other amounts payable | 178/9 | €10 | €68 | +€58 | +584% |
| Amounts payable within one year | 42/48 | €11,761 | €18,444 | +€6,683 | +56.8% |
| Trade debts | 44 | €10,910 | €6,287 | -€4,623 | -42.4% |
| Suppliers | 440/4 | €10,910 | €6,287 | -€4,623 | -42.4% |
| Taxes, remuneration and social security | 45 | €207 | €9,835 | +€9,629 | +4,658% |
| Taxes | 450/3 | €207 | €3,446 | +€3,240 | +1,567% |
| Remuneration and social security | 454/9 | - | €6,389 | +€6,389 | |
| Other amounts payable | 47/48 | €644 | €2,321 | +€1,676 | +260% |
| Accrued charges and deferred income | 492/3 | €11,853 | €8,924 | -€2,930 | -24.7% |
| Remuneration, social security and pensions | 62 | - | €34,542 | +€34,542 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,969 | €2,150 | +€181 | +9.2% |
| Other operating charges | 640/8 | €118 | €9,458 | +€9,340 | +7,916% |
| Gross operating margin | 9900 | €26,691 | €64,305 | +€37,614 | +141% |
| Operating profit (loss) | 9901 | €24,604 | €18,155 | -€6,449 | -26.2% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,275% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,275% |
| Financial charges | 65/66B | €847 | €1,068 | +€221 | +26.1% |
| Recurring financial charges | 65 | €847 | €1,068 | +€221 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | €23,757 | €17,087 | -€6,669 | -28.1% |
| Income taxes | 67/77 | €4,758 | €3,446 | -€1,312 | -27.6% |
| Profit (loss) for the period | 9904 | €18,999 | €13,641 | -€5,358 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,999 | €13,641 | -€5,358 | -28.2% |
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 25 October 2026 via checked.be.