Velicon: 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.
Velicon
Largest movements
- Tangible fixed assets -€9,286
down €9,286 (-26.7%), from €34,794 to €25,509
- Cash +€6,049
up €6,049 (+27.6%), from €21,901 to €27,949
mainly Net result for the year (+€12,254) and Depreciation (+€10,839)
- Receivables within one year +€4,435
up €4,435 (+50.4%), from €8,799 to €13,234
- Profit (loss) carried forward +€12,254
up €12,254 (+136.7%), from €8,966 to €21,220
- Debts after one year -€9,594
down €9,594 (-38.7%), from €24,817 to €15,223
- Other debts -€2,259
down €2,259 (-55.5%), from €4,072 to €1,813
- Tax, wage and social debts +€1,456
up €1,456 (+9.9%), from €14,757 to €16,213
of which Taxes: +€1,456
- Depreciation -€5,160
down €5,160 (-32.3%), from €15,999 to €10,839
- Gross operating margin -€2,564
down €2,564 (-8.0%), from €32,081 to €29,517
- Financial charges -€1,338
down €1,338 (-45.3%), from €2,955 to €1,617
- Taxes +€606
up €606 (+16.3%), from €3,710 to €4,316
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 | €65,494 | €67,223 | +€1,729 | +2.6% |
| Fixed assets | 21/28 | €34,794 | €25,509 | -€9,286 | -26.7% |
| Tangible fixed assets | 22/27 | €34,794 | €25,509 | -€9,286 | -26.7% |
| Furniture and vehicles | 24 | €34,794 | €25,509 | -€9,286 | -26.7% |
| Current assets | 29/58 | €30,700 | €41,714 | +€11,015 | +35.9% |
| Amounts receivable within one year | 40/41 | €8,799 | €13,234 | +€4,435 | +50.4% |
| Trade receivables | 40 | €8,799 | €13,234 | +€4,435 | +50.4% |
| Cash at bank and in hand | 54/58 | €21,901 | €27,949 | +€6,049 | +27.6% |
| Deferred charges and accrued income | 490/1 | - | €531 | +€531 | |
| Total equity and liabilities | 10/49 | €65,494 | €67,223 | +€1,729 | +2.6% |
| Equity | 10/15 | €9,966 | €22,220 | +€12,254 | +123.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,966 | €21,220 | +€12,254 | +136.7% |
| Amounts payable | 17/49 | €55,528 | €45,003 | -€10,525 | -19.0% |
| Amounts payable after more than one year | 17 | €24,817 | €15,223 | -€9,594 | -38.7% |
| Financial debts | 170/4 | €24,817 | €15,223 | -€9,594 | -38.7% |
| Amounts payable within one year | 42/48 | €29,145 | €28,213 | -€932 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €9,173 | €9,594 | +€421 | +4.6% |
| Trade debts | 44 | €1,143 | €592 | -€551 | -48.2% |
| Suppliers | 440/4 | €1,143 | €592 | -€551 | -48.2% |
| Taxes, remuneration and social security | 45 | €14,757 | €16,213 | +€1,456 | +9.9% |
| Taxes | 450/3 | €11,957 | €13,413 | +€1,456 | +12.2% |
| Remuneration and social security | 454/9 | €2,800 | €2,800 | = | 0.0% |
| Other amounts payable | 47/48 | €4,072 | €1,813 | -€2,259 | -55.5% |
| Accrued charges and deferred income | 492/3 | €1,566 | €1,567 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,999 | €10,839 | -€5,160 | -32.3% |
| Other operating charges | 640/8 | €733 | €605 | -€128 | -17.5% |
| Gross operating margin | 9900 | €32,081 | €29,517 | -€2,564 | -8.0% |
| Operating profit (loss) | 9901 | €15,349 | €18,073 | +€2,724 | +17.7% |
| Financial income | 75/76B | €283 | €115 | -€169 | -59.5% |
| Recurring financial income | 75 | €283 | €115 | -€169 | -59.5% |
| Financial charges | 65/66B | €2,955 | €1,617 | -€1,338 | -45.3% |
| Recurring financial charges | 65 | €2,955 | €1,617 | -€1,338 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | €12,676 | €16,570 | +€3,894 | +30.7% |
| Income taxes | 67/77 | €3,710 | €4,316 | +€606 | +16.3% |
| Profit (loss) for the period | 9904 | €8,966 | €12,254 | +€3,288 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,966 | €12,254 | +€3,288 | +36.7% |
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 5 October 2026 via checked.be.