Velix: 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.
Velix
Largest movements
- Receivables within one year -€76,016
down €76,016 (-41.1%), from €184,747 to €108,730
of which Trade receivables: -€81,478
- Intangible fixed assets -€28,974
down €28,974 (-8.5%), from €340,583 to €311,609
- Profit (loss) carried forward -€276,314
down €276,314, from €7,613 to -€268,700
- Debts after one year +€207,865
up €207,865 (+251%), from €82,712 to €290,577
- Trade debts -€96,563
down €96,563 (-49.5%), from €194,990 to €98,427
- Short-term financial debts +€68,163
up €68,163 (+998%), from €6,833 to €74,997
- Current portion of long-term debt +€15,801
up €15,801 (+54.8%), from €28,837 to €44,639
- Gross operating margin -€283,758
down €283,758, from €190,070 to -€93,687
- Staff costs -€21,819
down €21,819 (-15.6%), from €139,456 to €117,637
- Financial charges +€9,067
up €9,067 (+166%), from €5,474 to €14,541
- Depreciation +€4,003
up €4,003 (+9.6%), from €41,832 to €45,835
- Other operating charges +€3,369
up €3,369 (+295%), from €1,143 to €4,511
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.
Derived cash bridge
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 | €738,654 | €633,069 | -€105,585 | -14.3% |
| Fixed assets | 21/28 | €363,967 | €334,313 | -€29,653 | -8.1% |
| Intangible fixed assets | 21 | €340,583 | €311,609 | -€28,974 | -8.5% |
| Tangible fixed assets | 22/27 | €4,384 | €3,704 | -€679 | -15.5% |
| Furniture and vehicles | 24 | €2,308 | €1,475 | -€833 | -36.1% |
| Other tangible fixed assets | 26 | €2,076 | €2,230 | +€154 | +7.4% |
| Financial fixed assets | 28 | €19,000 | €19,000 | = | 0.0% |
| Current assets | 29/58 | €374,687 | €298,755 | -€75,932 | -20.3% |
| Stocks and contracts in progress | 3 | €159,591 | €159,591 | = | 0.0% |
| Stocks | 30/36 | €159,591 | €159,591 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €184,747 | €108,730 | -€76,016 | -41.1% |
| Trade receivables | 40 | €169,659 | €88,181 | -€81,478 | -48.0% |
| Other amounts receivable | 41 | €15,088 | €20,549 | +€5,461 | +36.2% |
| Cash at bank and in hand | 54/58 | €0 | €3,909 | +€3,909 | |
| Deferred charges and accrued income | 490/1 | €30,350 | €26,526 | -€3,824 | -12.6% |
| Total equity and liabilities | 10/49 | €738,654 | €633,069 | -€105,585 | -14.3% |
| Equity | 10/15 | €362,613 | €86,300 | -€276,314 | -76.2% |
| Contributions | 10/11 | €355,000 | €355,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,613 | -€268,700 | -€276,314 | |
| Amounts payable | 17/49 | €376,040 | €546,769 | +€170,729 | +45.4% |
| Amounts payable after more than one year | 17 | €82,712 | €290,577 | +€207,865 | +251% |
| Financial debts | 170/4 | €82,712 | €290,577 | +€207,865 | +251% |
| Amounts payable within one year | 42/48 | €289,053 | €252,074 | -€36,979 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €28,837 | €44,639 | +€15,801 | +54.8% |
| Financial debts | 43 | €6,833 | €74,997 | +€68,163 | +998% |
| Credit institutions | 430/8 | €6,833 | €74,997 | +€68,163 | +998% |
| Trade debts | 44 | €194,990 | €98,427 | -€96,563 | -49.5% |
| Suppliers | 440/4 | €194,990 | €98,427 | -€96,563 | -49.5% |
| Advances received on contracts in progress | 46 | - | €4,000 | +€4,000 | |
| Taxes, remuneration and social security | 45 | €30,042 | €15,012 | -€15,030 | -50.0% |
| Taxes | 450/3 | €5,528 | €171 | -€5,358 | -96.9% |
| Remuneration and social security | 454/9 | €24,514 | €14,842 | -€9,672 | -39.5% |
| Other amounts payable | 47/48 | €28,350 | €15,000 | -€13,350 | -47.1% |
| Accrued charges and deferred income | 492/3 | €4,275 | €4,118 | -€157 | -3.7% |
| Remuneration, social security and pensions | 62 | €139,456 | €117,637 | -€21,819 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,832 | €45,835 | +€4,003 | +9.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,143 | €4,511 | +€3,369 | +295% |
| Gross operating margin | 9900 | €190,070 | -€93,687 | -€283,758 | |
| Operating profit (loss) | 9901 | €7,639 | -€261,671 | -€269,310 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -60.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -60.0% |
| Financial charges | 65/66B | €5,474 | €14,541 | +€9,067 | +166% |
| Recurring financial charges | 65 | €5,474 | €14,541 | +€9,067 | +166% |
| Profit (loss) for the period before taxes | 9903 | €2,165 | -€276,212 | -€278,377 | |
| Income taxes | 67/77 | €2,439 | €102 | -€2,337 | -95.8% |
| Profit (loss) for the period | 9904 | -€274 | -€276,314 | -€276,039 | -100,608% |
| Profit (loss) for the period to be appropriated | 9905 | -€274 | -€276,314 | -€276,039 | -100,608% |
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 16 October 2026 via checked.be.