Velle Marc: 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.
Velle Marc
Largest movements
- Current investments -€90,000
down €90,000 (-47.4%), from €190,000 to €100,000
- Cash +€65,961
up €65,961 (+206%), from €31,946 to €97,907
mainly Current investments (+€90,000) and Net result for the year (+€20,709)
- Reserves -€24,291
down €24,291 (-13.0%), from €187,496 to €163,204
- Gross operating margin +€3,869
up €3,869 (+15.2%), from €25,538 to €29,407
- Taxes +€889
up €889 (+9.3%), from €9,564 to €10,453
- Financial income -€325
down €325 (-9.8%), from €3,330 to €3,005
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 | €226,164 | €200,935 | -€25,229 | -11.2% |
| Fixed assets | 21/28 | €3,270 | €2,566 | -€704 | -21.5% |
| Tangible fixed assets | 22/27 | €3,270 | €2,566 | -€704 | -21.5% |
| Plant, machinery and equipment | 23 | €3,270 | €2,566 | -€704 | -21.5% |
| Current assets | 29/58 | €222,894 | €198,369 | -€24,526 | -11.0% |
| Amounts receivable within one year | 40/41 | €948 | €393 | -€556 | -58.6% |
| Trade receivables | 40 | €78 | - | -€78 | |
| Other amounts receivable | 41 | €870 | €393 | -€477 | -54.9% |
| Current investments | 50/53 | €190,000 | €100,000 | -€90,000 | -47.4% |
| Cash at bank and in hand | 54/58 | €31,946 | €97,907 | +€65,961 | +206% |
| Deferred charges and accrued income | 490/1 | - | €69 | +€69 | |
| Total equity and liabilities | 10/49 | €226,164 | €200,935 | -€25,229 | -11.2% |
| Equity | 10/15 | €216,952 | €192,660 | -€24,291 | -11.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €187,496 | €163,204 | -€24,291 | -13.0% |
| Distributable reserves | 133 | €187,496 | €163,204 | -€24,291 | -13.0% |
| Profit (loss) carried forward | 14 | €17,056 | €17,056 | = | 0.0% |
| Amounts payable | 17/49 | €9,213 | €8,274 | -€938 | -10.2% |
| Amounts payable within one year | 42/48 | €9,213 | €8,274 | -€938 | -10.2% |
| Trade debts | 44 | €1,659 | €1,384 | -€275 | -16.6% |
| Suppliers | 440/4 | €1,659 | €1,384 | -€275 | -16.6% |
| Other amounts payable | 47/48 | €7,554 | €6,891 | -€663 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €667 | €704 | +€37 | +5.5% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €25,538 | €29,407 | +€3,869 | +15.2% |
| Operating profit (loss) | 9901 | €24,487 | €28,316 | +€3,829 | +15.6% |
| Financial income | 75/76B | €3,330 | €3,005 | -€325 | -9.8% |
| Recurring financial income | 75 | €3,330 | €3,005 | -€325 | -9.8% |
| Financial charges | 65/66B | €297 | €159 | -€138 | -46.4% |
| Recurring financial charges | 65 | €297 | €159 | -€138 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €27,519 | €31,162 | +€3,642 | +13.2% |
| Income taxes | 67/77 | €9,564 | €10,453 | +€889 | +9.3% |
| Profit (loss) for the period | 9904 | €17,955 | €20,709 | +€2,753 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,955 | €20,709 | +€2,753 | +15.3% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.