Velicom: 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.
Velicom
Largest movements
- Cash +€57,546
up €57,546 (+307.0%), from €18,747 to €76,293
mainly Net result for the year (+€68,007) and Trade debts (+€8,546)
- Tangible fixed assets +€27,289
new in 2025: €27,289
of which Other tangible fixed assets: +€16,520
- Deferred charges and accrued income -€4,509
down €4,509 (-73.0%), from €6,174 to €1,665
- Reserves +€67,174
up €67,174 (+381.1%), from €17,627 to €84,801
- Trade debts +€8,546
up €8,546 (+506.8%), from €1,686 to €10,233
- Tax, wage and social debts +€6,165
up €6,165 (+43.5%), from €14,185 to €20,350
- Other debts -€2,018
down €2,018 (-70.8%), from €2,851 to €833
- Gross operating margin +€64,515
up €64,515 (+274.2%), from €23,530 to €88,044
- Taxes +€13,642
up €13,642 (+276.8%), from €4,928 to €18,570
- Depreciation +€1,333
new in 2025: €1,333
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 | €41,669 | €121,218 | +€79,549 | +190.9% |
| Fixed assets | 21/28 | €76 | €27,691 | +€27,614 | +36229.7% |
| Tangible fixed assets | 22/27 | - | €27,289 | +€27,289 | |
| Plant, machinery and equipment | 23 | - | €5,385 | +€5,385 | |
| Furniture and vehicles | 24 | - | €5,385 | +€5,385 | |
| Other tangible fixed assets | 26 | - | €16,520 | +€16,520 | |
| Financial fixed assets | 28 | €76 | €401 | +€325 | +426.4% |
| Current assets | 29/58 | €41,593 | €93,527 | +€51,935 | +124.9% |
| Amounts receivable within one year | 40/41 | €16,672 | €15,570 | -€1,102 | -6.6% |
| Trade receivables | 40 | €16,672 | €15,570 | -€1,102 | -6.6% |
| Cash at bank and in hand | 54/58 | €18,747 | €76,293 | +€57,546 | +307.0% |
| Deferred charges and accrued income | 490/1 | €6,174 | €1,665 | -€4,509 | -73.0% |
| Total equity and liabilities | 10/49 | €41,669 | €121,218 | +€79,549 | +190.9% |
| Equity | 10/15 | €22,627 | €89,801 | +€67,174 | +296.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,627 | €84,801 | +€67,174 | +381.1% |
| Distributable reserves | 133 | €17,627 | €84,801 | +€67,174 | +381.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,042 | €31,417 | +€12,374 | +65.0% |
| Amounts payable within one year | 42/48 | €18,722 | €31,417 | +€12,694 | +67.8% |
| Trade debts | 44 | €1,686 | €10,233 | +€8,546 | +506.8% |
| Suppliers | 440/4 | €1,686 | €10,233 | +€8,546 | +506.8% |
| Taxes, remuneration and social security | 45 | €14,185 | €20,350 | +€6,165 | +43.5% |
| Taxes | 450/3 | €14,185 | €20,350 | +€6,165 | +43.5% |
| Other amounts payable | 47/48 | €2,851 | €833 | -€2,018 | -70.8% |
| Accrued charges and deferred income | 492/3 | €320 | €0 | -€320 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,333 | +€1,333 | |
| Other operating charges | 640/8 | €116 | €69 | -€47 | -40.3% |
| Gross operating margin | 9900 | €23,530 | €88,044 | +€64,515 | +274.2% |
| Operating profit (loss) | 9901 | €23,414 | €86,642 | +€63,229 | +270.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €0 | €65 | +€65 | +645300.0% |
| Recurring financial charges | 65 | €0 | €65 | +€65 | +645300.0% |
| Profit (loss) for the period before taxes | 9903 | €23,414 | €86,578 | +€63,164 | +269.8% |
| Income taxes | 67/77 | €4,928 | €18,570 | +€13,642 | +276.8% |
| Profit (loss) for the period | 9904 | €18,486 | €68,007 | +€49,522 | +267.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,486 | €68,007 | +€49,522 | +267.9% |
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 10 October 2026 via checked.be.