VELGE ID: 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.
VELGE ID
Largest movements
- Financial fixed assets +€3.4m
up €3.4m (+69.1%), from €5.0m to €8.4m
- Cash -€2.8m
down €2.8m (-71.0%), from €4.0m to €1.2m
- Receivables within one year +€400,657
up €400,657 (+28.3%), from €1.4m to €1.8m
- Reserves +€744,538
up €744,538 (+14.6%), from €5.1m to €5.9m
of which Distributable reserves: +€744,538
- Profit (loss) carried forward +€195,841
up €195,841 (+18.7%), from €1.0m to €1.2m
- Gross operating margin -€13,267
down €13,267 (-67.9%), from -€19,549 to -€32,816
- Financial income -€7,444
down €7,444 (-5.0%), from €150,002 to €142,558
- Financial charges +€1,635
up €1,635 (+1,602%), from €102 to €1,737
- Depreciation -€1,453
no longer reported in 2025 (was €1,453)
- Other operating charges +€851
up €851 (+2,503%), from €34 to €885
From the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,374,524 | €11,367,606 | +€993,083 | +9.6% |
| Formation expenses | 20 | €2,906 | - | -€2,906 | |
| Fixed assets | 21/28 | €4,957,287 | €8,381,762 | +€3.4m | +69.1% |
| Financial fixed assets | 28 | €4,957,287 | €8,381,762 | +€3.4m | +69.1% |
| Current assets | 29/58 | €5,414,330 | €2,985,845 | -€2.4m | -44.9% |
| Amounts receivable within one year | 40/41 | €1,416,529 | €1,817,186 | +€400,657 | +28.3% |
| Other amounts receivable | 41 | €1,416,529 | €1,817,186 | +€400,657 | +28.3% |
| Cash at bank and in hand | 54/58 | €3,986,617 | €1,157,474 | -€2.8m | -71.0% |
| Deferred charges and accrued income | 490/1 | €11,185 | €11,185 | = | 0.0% |
| Total equity and liabilities | 10/49 | €10,374,524 | €11,367,606 | +€993,083 | +9.6% |
| Equity | 10/15 | €10,341,466 | €11,281,845 | +€940,379 | +9.1% |
| Contributions | 10/11 | €4,181,547 | €4,181,547 | = | 0.0% |
| Capital | 10 | €4,181,547 | - | -€4.2m | |
| Issued capital | 100 | €4,181,547 | - | -€4.2m | |
| Reserves | 13 | €5,113,791 | €5,858,329 | +€744,538 | +14.6% |
| Non-distributable reserves | 130/1 | €254,665 | €254,665 | = | 0.0% |
| Legal reserve | 130 | €254,665 | - | -€254,665 | |
| Other | 1319 | - | €254,665 | +€254,665 | |
| Distributable reserves | 133 | €4,859,125 | €5,603,664 | +€744,538 | +15.3% |
| Profit (loss) carried forward | 14 | €1,046,129 | €1,241,970 | +€195,841 | +18.7% |
| Amounts payable | 17/49 | €33,058 | €85,761 | +€52,703 | +159% |
| Amounts payable within one year | 42/48 | €33,058 | €85,761 | +€52,703 | +159% |
| Trade debts | 44 | €2,276 | €5,434 | +€3,158 | +139% |
| Suppliers | 440/4 | €2,276 | €5,434 | +€3,158 | +139% |
| Taxes, remuneration and social security | 45 | €30,775 | €80,327 | +€49,553 | +161% |
| Taxes | 450/3 | €30,775 | €75,103 | +€44,329 | +144% |
| Remuneration and social security | 454/9 | - | €5,224 | +€5,224 | |
| Other amounts payable | 47/48 | €7 | - | -€7 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,453 | - | -€1,453 | |
| Other operating charges | 640/8 | €34 | €885 | +€851 | +2,503% |
| Gross operating margin | 9900 | -€19,549 | -€32,816 | -€13,267 | -67.9% |
| Operating profit (loss) | 9901 | -€21,036 | -€33,701 | -€12,665 | -60.2% |
| Financial income | 75/76B | €150,002 | €142,558 | -€7,444 | -5.0% |
| Recurring financial income | 75 | €150,002 | €142,558 | -€7,444 | -5.0% |
| Financial charges | 65/66B | €102 | €1,737 | +€1,635 | +1,602% |
| Recurring financial charges | 65 | €102 | €1,737 | +€1,635 | +1,602% |
| Profit (loss) for the period before taxes | 9903 | €128,864 | €107,120 | -€21,744 | -16.9% |
| Profit (loss) for the period | 9904 | €128,864 | €107,120 | -€21,744 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €128,864 | €107,120 | -€21,744 | -16.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.