VELKRO: 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.
VELKRO
Largest movements
- Cash +€6,249
up €6,249 (+56.6%), from €11,049 to €17,298
mainly Net result for the year (+€7,966) and Other debts (+€6,715)
- Profit (loss) carried forward +€7,966
up €7,966 (+57.8%), from €13,791 to €21,757
- Other debts +€6,715
up €6,715 (+54.1%), from €12,424 to €19,139
- Tax, wage and social debts -€4,343
down €4,343 (-83.2%), from €5,223 to €880
of which Remuneration and social security: -€5,028
- Trade debts -€3,985
down €3,985 (-88.1%), from €4,524 to €539
- Gross operating margin +€42,635
up €42,635, from -€28,263 to €14,372
- Depreciation -€1,561
down €1,561 (-36.0%), from €4,335 to €2,774
- Financial charges +€1,008
up €1,008 (+1161.5%), from €87 to €1,095
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 | €67,738 | €74,091 | +€6,353 | +9.4% |
| Fixed assets | 21/28 | €11,358 | €11,524 | +€166 | +1.5% |
| Tangible fixed assets | 22/27 | €11,358 | €11,524 | +€166 | +1.5% |
| Furniture and vehicles | 24 | €577 | €2,796 | +€2,220 | +384.8% |
| Other tangible fixed assets | 26 | €10,781 | €8,728 | -€2,053 | -19.0% |
| Current assets | 29/58 | €56,380 | €62,566 | +€6,186 | +11.0% |
| Amounts receivable within one year | 40/41 | €44,899 | €44,813 | -€86 | -0.2% |
| Trade receivables | 40 | €29,554 | €38,930 | +€9,376 | +31.7% |
| Other amounts receivable | 41 | €15,344 | €5,883 | -€9,462 | -61.7% |
| Cash at bank and in hand | 54/58 | €11,049 | €17,298 | +€6,249 | +56.6% |
| Deferred charges and accrued income | 490/1 | €433 | €455 | +€23 | +5.2% |
| Total equity and liabilities | 10/49 | €67,738 | €74,091 | +€6,353 | +9.4% |
| Equity | 10/15 | €45,566 | €53,532 | +€7,966 | +17.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,576 | €25,576 | = | 0.0% |
| Distributable reserves | 133 | €25,576 | €25,576 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,791 | €21,757 | +€7,966 | +57.8% |
| Amounts payable | 17/49 | €22,171 | €20,558 | -€1,613 | -7.3% |
| Amounts payable within one year | 42/48 | €22,171 | €20,558 | -€1,613 | -7.3% |
| Trade debts | 44 | €4,524 | €539 | -€3,985 | -88.1% |
| Suppliers | 440/4 | €4,524 | €539 | -€3,985 | -88.1% |
| Taxes, remuneration and social security | 45 | €5,223 | €880 | -€4,343 | -83.2% |
| Taxes | 450/3 | €196 | €880 | +€684 | +349.9% |
| Remuneration and social security | 454/9 | €5,028 | - | -€5,028 | |
| Other amounts payable | 47/48 | €12,424 | €19,139 | +€6,715 | +54.1% |
| Remuneration, social security and pensions | 62 | €415 | €387 | -€28 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,335 | €2,774 | -€1,561 | -36.0% |
| Other operating charges | 640/8 | €2,104 | €1,955 | -€149 | -7.1% |
| Gross operating margin | 9900 | -€28,263 | €14,372 | +€42,635 | |
| Operating profit (loss) | 9901 | -€35,117 | €9,255 | +€44,372 | |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €87 | €1,095 | +€1,008 | +1161.5% |
| Recurring financial charges | 65 | €87 | €1,095 | +€1,008 | +1161.5% |
| Profit (loss) for the period before taxes | 9903 | -€35,203 | €8,171 | +€43,374 | |
| Income taxes | 67/77 | €196 | €205 | +€9 | +4.7% |
| Profit (loss) for the period | 9904 | -€35,399 | €7,966 | +€43,365 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,399 | €7,966 | +€43,365 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.