Velja: 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.
Velja
Largest movements
- Cash +€4,669
up €4,669 (+62.7%), from €7,450 to €12,119
mainly Net result for the year (+€6,742) and Tax, wage and social debts (+€2,159)
- Receivables within one year +€3,040
up €3,040 (+25.3%), from €12,030 to €15,070
of which Other amounts receivable: +€4,837
- Reserves +€6,742
up €6,742 (+99.5%), from €6,778 to €13,520
- Tax, wage and social debts +€2,159
up €2,159 (+24.6%), from €8,775 to €10,934
- Trade debts -€1,028
down €1,028 (-29.2%), from €3,519 to €2,491
- Gross operating margin +€294
up €294 (+2.0%), from €14,401 to €14,695
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 | €20,072 | €27,944 | +€7,873 | +39.2% |
| Current assets | 29/58 | €20,072 | €27,944 | +€7,873 | +39.2% |
| Amounts receivable within one year | 40/41 | €12,030 | €15,070 | +€3,040 | +25.3% |
| Trade receivables | 40 | €11,066 | €9,268 | -€1,797 | -16.2% |
| Other amounts receivable | 41 | €964 | €5,801 | +€4,837 | +501.6% |
| Cash at bank and in hand | 54/58 | €7,450 | €12,119 | +€4,669 | +62.7% |
| Deferred charges and accrued income | 490/1 | €592 | €756 | +€164 | +27.7% |
| Total equity and liabilities | 10/49 | €20,072 | €27,944 | +€7,873 | +39.2% |
| Equity | 10/15 | €7,778 | €14,520 | +€6,742 | +86.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €6,778 | €13,520 | +€6,742 | +99.5% |
| Distributable reserves | 133 | €6,778 | €13,520 | +€6,742 | +99.5% |
| Amounts payable | 17/49 | €12,294 | €13,424 | +€1,131 | +9.2% |
| Amounts payable within one year | 42/48 | €12,294 | €13,424 | +€1,131 | +9.2% |
| Trade debts | 44 | €3,519 | €2,491 | -€1,028 | -29.2% |
| Suppliers | 440/4 | €3,519 | €2,491 | -€1,028 | -29.2% |
| Taxes, remuneration and social security | 45 | €8,775 | €10,934 | +€2,159 | +24.6% |
| Taxes | 450/3 | €8,775 | €10,934 | +€2,159 | +24.6% |
| Other operating charges | 640/8 | €1,354 | €1,496 | +€142 | +10.5% |
| Gross operating margin | 9900 | €14,401 | €14,695 | +€294 | +2.0% |
| Operating profit (loss) | 9901 | €13,047 | €13,199 | +€151 | +1.2% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €1,549 | €1,627 | +€78 | +5.0% |
| Recurring financial charges | 65 | €1,549 | €1,627 | +€78 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €11,498 | €11,578 | +€79 | +0.7% |
| Income taxes | 67/77 | €4,720 | €4,836 | +€116 | +2.5% |
| Profit (loss) for the period | 9904 | €6,778 | €6,742 | -€36 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,778 | €6,742 | -€36 | -0.5% |
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 29 September 2026 via checked.be.