VELIC: what changed
Two fiscal 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.
VELIC
Largest movements
- Tangible fixed assets -€3,126
down €3,126 (-34.1%), from €9,154 to €6,028
of which Furniture and vehicles: -€2,327
- Receivables within one year +€2,429
up €2,429 (+104.8%), from €2,317 to €4,746
of which Trade receivables: +€4,000
- Cash +€1,706
up €1,706 (+184.0%), from €927 to €2,633
mainly Debts after one year (+€6,087) and Net result for the year (+€2,715)
- Debts after one year +€6,087
up €6,087 (+33.5%), from €18,182 to €24,269
- Short-term financial debts -€5,433
no longer reported in 2025 (was €5,433)
- Trade debts -€3,312
down €3,312 (-51.5%), from €6,426 to €3,114
- Profit (loss) carried forward +€2,715
up €2,715 (+12.5%), from -€21,659 to -€18,944
- Tax, wage and social debts +€1,439
up €1,439 (+117.2%), from €1,228 to €2,667
of which Taxes: +€1,295
- Gross operating margin +€8,482
up €8,482, from -€1,245 to €7,237
- Other operating charges -€1,651
down €1,651 (-61.9%), from €2,668 to €1,017
- Depreciation -€1,506
down €1,506 (-39.3%), from €3,833 to €2,327
- Financial charges -€545
down €545 (-35.8%), from €1,522 to €977
- Financial income -€154
down €154 (-17.2%), from €897 to €743
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 | €58,118 | €59,392 | +€1,274 | +2.2% |
| Fixed assets | 21/28 | €9,204 | €6,078 | -€3,126 | -34.0% |
| Tangible fixed assets | 22/27 | €9,154 | €6,028 | -€3,126 | -34.1% |
| Land and buildings | 22 | €799 | - | -€799 | |
| Furniture and vehicles | 24 | €8,355 | €6,028 | -€2,327 | -27.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €48,914 | €53,314 | +€4,400 | +9.0% |
| Amounts receivable after more than one year | 29 | €45,000 | €45,000 | = | 0.0% |
| Other amounts receivable | 291 | €45,000 | €45,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,317 | €4,746 | +€2,429 | +104.8% |
| Trade receivables | 40 | - | €4,000 | +€4,000 | |
| Other amounts receivable | 41 | €2,317 | €746 | -€1,571 | -67.8% |
| Cash at bank and in hand | 54/58 | €927 | €2,633 | +€1,706 | +184.0% |
| Deferred charges and accrued income | 490/1 | €670 | €935 | +€265 | +39.6% |
| Total equity and liabilities | 10/49 | €58,118 | €59,392 | +€1,274 | +2.2% |
| Equity | 10/15 | €7,627 | €10,342 | +€2,715 | +35.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,686 | €10,686 | = | 0.0% |
| Distributable reserves | 133 | €10,686 | €10,686 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,659 | -€18,944 | +€2,715 | +12.5% |
| Amounts payable | 17/49 | €50,491 | €49,050 | -€1,441 | -2.9% |
| Amounts payable after more than one year | 17 | €18,182 | €24,269 | +€6,087 | +33.5% |
| Other amounts payable | 178/9 | €18,182 | €24,269 | +€6,087 | +33.5% |
| Amounts payable within one year | 42/48 | €32,087 | €24,781 | -€7,306 | -22.8% |
| Financial debts | 43 | €5,433 | - | -€5,433 | |
| Credit institutions | 430/8 | €5,433 | - | -€5,433 | |
| Trade debts | 44 | €6,426 | €3,114 | -€3,312 | -51.5% |
| Suppliers | 440/4 | €6,426 | €3,114 | -€3,312 | -51.5% |
| Taxes, remuneration and social security | 45 | €1,228 | €2,667 | +€1,439 | +117.2% |
| Taxes | 450/3 | €1,228 | €2,523 | +€1,295 | +105.5% |
| Remuneration and social security | 454/9 | - | €144 | +€144 | |
| Other amounts payable | 47/48 | €19,000 | €19,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €222 | - | -€222 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,833 | €2,327 | -€1,506 | -39.3% |
| Other operating charges | 640/8 | €2,668 | €1,017 | -€1,651 | -61.9% |
| Non-recurring operating charges | 66A | €3,907 | €799 | -€3,108 | -79.5% |
| Gross operating margin | 9900 | -€1,245 | €7,237 | +€8,482 | |
| Operating profit (loss) | 9901 | -€11,653 | €3,094 | +€14,747 | |
| Financial income | 75/76B | €897 | €743 | -€154 | -17.2% |
| Recurring financial income | 75 | €897 | €743 | -€154 | -17.2% |
| Financial charges | 65/66B | €1,522 | €977 | -€545 | -35.8% |
| Recurring financial charges | 65 | €1,522 | €977 | -€545 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,278 | €2,860 | +€15,138 | |
| Income taxes | 67/77 | €137 | €145 | +€8 | +5.8% |
| Profit (loss) for the period | 9904 | -€12,415 | €2,715 | +€15,130 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,415 | €2,715 | +€15,130 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.