VELDwerk: 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.
VELDwerk
Largest movements
- Deferred charges and accrued income +€23,636
up €23,636 (+1716.8%), from €1,377 to €25,012
- Tangible fixed assets +€12,141
up €12,141 (+140.6%), from €8,635 to €20,776
of which Leasing and similar rights: +€14,927
- Cash +€7,007
up €7,007 (+23.7%), from €29,527 to €36,534
mainly Net result for the year (+€29,967) and Tax, wage and social debts (+€11,341)
- Receivables within one year +€4,248
up €4,248 (+54.9%), from €7,743 to €11,991
of which Trade receivables: +€4,262
- Reserves +€29,134
up €29,134 (+90.9%), from €32,053 to €61,188
- Tax, wage and social debts +€11,341
up €11,341 (+298.8%), from €3,796 to €15,137
of which Taxes: +€11,326
- Current portion of long-term debt +€7,355
new in 2025: €7,355
- Debts after one year +€5,032
new in 2025: €5,032
- Other debts -€4,318
down €4,318 (-83.4%), from €5,176 to €858
- Gross operating margin +€33,135
up €33,135 (+174.2%), from €19,020 to €52,155
- Taxes +€11,426
up €11,426 (+286.7%), from €3,986 to €15,412
- Depreciation +€1,248
up €1,248 (+37.0%), from €3,376 to €4,624
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 | €47,282 | €94,313 | +€47,031 | +99.5% |
| Fixed assets | 21/28 | €8,635 | €20,776 | +€12,141 | +140.6% |
| Tangible fixed assets | 22/27 | €8,635 | €20,776 | +€12,141 | +140.6% |
| Plant, machinery and equipment | 23 | €3,684 | €2,089 | -€1,595 | -43.3% |
| Furniture and vehicles | 24 | €4,951 | €3,760 | -€1,192 | -24.1% |
| Leasing and similar rights | 25 | - | €14,927 | +€14,927 | |
| Current assets | 29/58 | €38,647 | €73,538 | +€34,891 | +90.3% |
| Amounts receivable within one year | 40/41 | €7,743 | €11,991 | +€4,248 | +54.9% |
| Trade receivables | 40 | €7,729 | €11,991 | +€4,262 | +55.1% |
| Other amounts receivable | 41 | €14 | - | -€14 | |
| Cash at bank and in hand | 54/58 | €29,527 | €36,534 | +€7,007 | +23.7% |
| Deferred charges and accrued income | 490/1 | €1,377 | €25,012 | +€23,636 | +1716.8% |
| Total equity and liabilities | 10/49 | €47,282 | €94,313 | +€47,031 | +99.5% |
| Equity | 10/15 | €37,053 | €62,188 | +€25,134 | +67.8% |
| Contributions | 10/11 | €5,000 | €1,000 | -€4,000 | -80.0% |
| Reserves | 13 | €32,053 | €61,188 | +€29,134 | +90.9% |
| Distributable reserves | 133 | €32,053 | €61,188 | +€29,134 | +90.9% |
| Amounts payable | 17/49 | €10,229 | €32,126 | +€21,897 | +214.1% |
| Amounts payable after more than one year | 17 | - | €5,032 | +€5,032 | |
| Financial debts | 170/4 | - | €5,032 | +€5,032 | |
| Amounts payable within one year | 42/48 | €9,556 | €26,207 | +€16,651 | +174.3% |
| Current portion of amounts payable after more than one year | 42 | - | €7,355 | +€7,355 | |
| Trade debts | 44 | €584 | €2,857 | +€2,273 | +389.2% |
| Suppliers | 440/4 | €584 | €2,857 | +€2,273 | +389.2% |
| Taxes, remuneration and social security | 45 | €3,796 | €15,137 | +€11,341 | +298.8% |
| Taxes | 450/3 | €2,191 | €13,517 | +€11,326 | +516.9% |
| Remuneration and social security | 454/9 | €1,605 | €1,620 | +€15 | +1.0% |
| Other amounts payable | 47/48 | €5,176 | €858 | -€4,318 | -83.4% |
| Accrued charges and deferred income | 492/3 | €673 | €887 | +€214 | +31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,376 | €4,624 | +€1,248 | +37.0% |
| Other operating charges | 640/8 | €459 | €576 | +€117 | +25.5% |
| Gross operating margin | 9900 | €19,020 | €52,155 | +€33,135 | +174.2% |
| Operating profit (loss) | 9901 | €15,185 | €46,955 | +€31,770 | +209.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,014 | €1,576 | -€437 | -21.7% |
| Recurring financial charges | 65 | €2,014 | €1,576 | -€437 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €13,172 | €45,379 | +€32,207 | +244.5% |
| Income taxes | 67/77 | €3,986 | €15,412 | +€11,426 | +286.7% |
| Profit (loss) for the period | 9904 | €9,186 | €29,967 | +€20,781 | +226.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,186 | €29,967 | +€20,781 | +226.2% |
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 11 October 2026 via checked.be.