Veljuu: 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.
Veljuu
Largest movements
- Cash +€38,355
up €38,355 (+36.7%), from €104,592 to €142,947
mainly Net result for the year (+€44,179) and Depreciation (+€12,619)
- Receivables within one year +€9,683
up €9,683 (+37.3%), from €25,942 to €35,625
- Tangible fixed assets -€8,094
down €8,094 (-22.9%), from €35,371 to €27,277
of which Leasing and similar rights: -€10,570
- Reserves +€135,677
new in 2025: €135,677
- Profit (loss) carried forward -€91,498
no longer reported in 2025 (was €91,498)
- Trade debts +€10,740
up €10,740 (+1,273%), from €844 to €11,584
- Debts after one year -€10,511
down €10,511 (-41.2%), from €25,495 to €14,984
- Tax, wage and social debts -€5,280
down €5,280 (-14.7%), from €35,826 to €30,546
of which Taxes: -€3,630
- Gross operating margin -€2,507
down €2,507 (-3.4%), from €74,069 to €71,561
- Depreciation +€958
up €958 (+8.2%), from €11,662 to €12,619
- Taxes -€795
down €795 (-6.3%), from €12,581 to €11,786
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 | €166,309 | €206,600 | +€40,291 | +24.2% |
| Fixed assets | 21/28 | €35,371 | €27,277 | -€8,094 | -22.9% |
| Tangible fixed assets | 22/27 | €35,371 | €27,277 | -€8,094 | -22.9% |
| Plant, machinery and equipment | 23 | €1,951 | €760 | -€1,191 | -61.1% |
| Furniture and vehicles | 24 | - | €3,668 | +€3,668 | |
| Leasing and similar rights | 25 | €33,419 | €22,849 | -€10,570 | -31.6% |
| Current assets | 29/58 | €130,939 | €179,323 | +€48,385 | +37.0% |
| Amounts receivable within one year | 40/41 | €25,942 | €35,625 | +€9,683 | +37.3% |
| Trade receivables | 40 | €25,942 | €35,625 | +€9,683 | +37.3% |
| Cash at bank and in hand | 54/58 | €104,592 | €142,947 | +€38,355 | +36.7% |
| Deferred charges and accrued income | 490/1 | €404 | €751 | +€347 | +85.8% |
| Total equity and liabilities | 10/49 | €166,309 | €206,600 | +€40,291 | +24.2% |
| Equity | 10/15 | €93,498 | €137,677 | +€44,179 | +47.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €135,677 | +€135,677 | |
| Distributable reserves | 133 | - | €135,677 | +€135,677 | |
| Profit (loss) carried forward | 14 | €91,498 | - | -€91,498 | |
| Amounts payable | 17/49 | €72,811 | €68,923 | -€3,888 | -5.3% |
| Amounts payable after more than one year | 17 | €25,495 | €14,984 | -€10,511 | -41.2% |
| Financial debts | 170/4 | €25,495 | €14,984 | -€10,511 | -41.2% |
| Amounts payable within one year | 42/48 | €47,316 | €53,084 | +€5,768 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €10,052 | €10,511 | +€459 | +4.6% |
| Trade debts | 44 | €844 | €11,584 | +€10,740 | +1,273% |
| Suppliers | 440/4 | €844 | €11,584 | +€10,740 | +1,273% |
| Taxes, remuneration and social security | 45 | €35,826 | €30,546 | -€5,280 | -14.7% |
| Taxes | 450/3 | €34,176 | €30,546 | -€3,630 | -10.6% |
| Remuneration and social security | 454/9 | €1,650 | - | -€1,650 | |
| Other amounts payable | 47/48 | €593 | €443 | -€150 | -25.3% |
| Accrued charges and deferred income | 492/3 | - | €855 | +€855 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,662 | €12,619 | +€958 | +8.2% |
| Other operating charges | 640/8 | €1,438 | €1,590 | +€152 | +10.6% |
| Gross operating margin | 9900 | €74,069 | €71,561 | -€2,507 | -3.4% |
| Operating profit (loss) | 9901 | €60,969 | €57,351 | -€3,618 | -5.9% |
| Financial charges | 65/66B | €1,824 | €1,387 | -€437 | -24.0% |
| Recurring financial charges | 65 | €1,824 | €1,387 | -€437 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €59,145 | €55,964 | -€3,180 | -5.4% |
| Income taxes | 67/77 | €12,581 | €11,786 | -€795 | -6.3% |
| Profit (loss) for the period | 9904 | €46,564 | €44,179 | -€2,385 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,564 | €44,179 | -€2,385 | -5.1% |
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 28 October 2026 via checked.be.