VELECOR GROUP: 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.
VELECOR GROUP
Largest movements
- Cash +€14,126
up €14,126 (+141%), from €10,020 to €24,146
mainly Net result for the year (+€104,544) and Trade debts (+€8,878)
- Receivables within one year +€10,352
up €10,352 (+43.3%), from €23,927 to €34,279
of which Other amounts receivable: +€24,047
- Tangible fixed assets -€2,489
down €2,489 (-20.0%), from €12,447 to €9,958
of which Furniture and vehicles: -€2,167
- Profit (loss) carried forward +€104,544
up €104,544 (+84.1%), from -€124,351 to -€19,807
- Other debts -€93,618
down €93,618 (-72.8%), from €128,538 to €34,921
- Trade debts +€8,878
up €8,878 (+60.9%), from €14,577 to €23,455
- Tax, wage and social debts +€1,790
up €1,790 (+30.7%), from €5,836 to €7,627
- Gross operating margin +€120,140
up €120,140, from -€3,779 to €116,361
- Staff costs -€3,342
down €3,342 (-35.6%), from €9,383 to €6,041
- Other operating charges +€1,377
up €1,377 (+154%), from €893 to €2,270
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,432 | €68,383 | +€21,951 | +47.3% |
| Fixed assets | 21/28 | €12,447 | €9,958 | -€2,489 | -20.0% |
| Tangible fixed assets | 22/27 | €12,447 | €9,958 | -€2,489 | -20.0% |
| Plant, machinery and equipment | 23 | €1,613 | €1,290 | -€323 | -20.0% |
| Furniture and vehicles | 24 | €10,834 | €8,667 | -€2,167 | -20.0% |
| Current assets | 29/58 | €33,985 | €58,425 | +€24,440 | +71.9% |
| Amounts receivable within one year | 40/41 | €23,927 | €34,279 | +€10,352 | +43.3% |
| Trade receivables | 40 | €20,871 | €7,176 | -€13,695 | -65.6% |
| Other amounts receivable | 41 | €3,056 | €27,103 | +€24,047 | +787% |
| Cash at bank and in hand | 54/58 | €10,020 | €24,146 | +€14,126 | +141% |
| Deferred charges and accrued income | 490/1 | €38 | - | -€38 | |
| Total equity and liabilities | 10/49 | €46,432 | €68,383 | +€21,951 | +47.3% |
| Equity | 10/15 | -€105,751 | -€1,207 | +€104,544 | +98.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€124,351 | -€19,807 | +€104,544 | +84.1% |
| Amounts payable | 17/49 | €152,183 | €69,590 | -€82,593 | -54.3% |
| Amounts payable within one year | 42/48 | €152,183 | €69,234 | -€82,949 | -54.5% |
| Trade debts | 44 | €14,577 | €23,455 | +€8,878 | +60.9% |
| Suppliers | 440/4 | €14,577 | €23,455 | +€8,878 | +60.9% |
| Advances received on contracts in progress | 46 | €3,232 | €3,232 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,836 | €7,627 | +€1,790 | +30.7% |
| Taxes | 450/3 | €5,836 | €7,627 | +€1,790 | +30.7% |
| Other amounts payable | 47/48 | €128,538 | €34,921 | -€93,618 | -72.8% |
| Accrued charges and deferred income | 492/3 | €0 | €356 | +€356 | |
| Remuneration, social security and pensions | 62 | €9,383 | €6,041 | -€3,342 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,876 | €2,489 | -€387 | -13.4% |
| Other operating charges | 640/8 | €893 | €2,270 | +€1,377 | +154% |
| Gross operating margin | 9900 | -€3,779 | €116,361 | +€120,140 | |
| Operating profit (loss) | 9901 | -€16,930 | €105,561 | +€122,491 | |
| Financial charges | 65/66B | €578 | €839 | +€261 | +45.1% |
| Recurring financial charges | 65 | €578 | €839 | +€261 | +45.1% |
| Profit (loss) for the period before taxes | 9903 | -€17,509 | €104,721 | +€122,230 | |
| Income taxes | 67/77 | - | €177 | +€177 | |
| Profit (loss) for the period | 9904 | -€17,509 | €104,544 | +€122,053 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,509 | €104,544 | +€122,053 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.