VELLE-TECHNICS: 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-TECHNICS
Largest movements
- Receivables within one year +€28,487
up €28,487 (+37.2%), from €76,507 to €104,994
of which Other amounts receivable: +€36,681
- Stocks and contracts +€16,253
up €16,253 (+515.9%), from €3,151 to €19,404
of which Contracts in progress: +€14,423
- Tangible fixed assets -€14,944
down €14,944 (-4.5%), from €332,730 to €317,786
of which Land and buildings: -€11,584
- Trade debts +€37,055
up €37,055 (+597.2%), from €6,204 to €43,259
- Other debts -€15,278
down €15,278 (-100.0%), from €15,278 to €0
- Current portion of long-term debt +€6,721
up €6,721 (+29.4%), from €22,874 to €29,595
- Reserves +€5,704
up €5,704 (+9.5%), from €60,234 to €65,938
of which Distributable reserves: +€5,704
- Other operating charges -€7,882
down €7,882 (-22.7%), from €34,687 to €26,806
- Financial charges +€6,896
up €6,896 (+56.4%), from €12,219 to €19,115
- Financial income -€1,980
down €1,980 (-68.5%), from €2,889 to €909
- Staff costs +€1,531
up €1,531 (+130.5%), from €1,173 to €2,704
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 | €421,032 | €451,396 | +€30,364 | +7.2% |
| Fixed assets | 21/28 | €333,730 | €317,786 | -€15,944 | -4.8% |
| Tangible fixed assets | 22/27 | €332,730 | €317,786 | -€14,944 | -4.5% |
| Land and buildings | 22 | €324,351 | €312,767 | -€11,584 | -3.6% |
| Plant, machinery and equipment | 23 | €412 | €68 | -€344 | -83.6% |
| Furniture and vehicles | 24 | €7,967 | €4,952 | -€3,015 | -37.8% |
| Financial fixed assets | 28 | €1,000 | €0 | -€1,000 | -100.0% |
| Current assets | 29/58 | €87,302 | €133,610 | +€46,307 | +53.0% |
| Stocks and contracts in progress | 3 | €3,151 | €19,404 | +€16,253 | +515.9% |
| Stocks | 30/36 | €3,151 | €4,981 | +€1,830 | +58.1% |
| Contracts in progress | 37 | - | €14,423 | +€14,423 | |
| Amounts receivable within one year | 40/41 | €76,507 | €104,994 | +€28,487 | +37.2% |
| Trade receivables | 40 | €31,664 | €23,470 | -€8,194 | -25.9% |
| Other amounts receivable | 41 | €44,843 | €81,524 | +€36,681 | +81.8% |
| Cash at bank and in hand | 54/58 | €7,371 | €8,932 | +€1,561 | +21.2% |
| Deferred charges and accrued income | 490/1 | €273 | €279 | +€6 | +2.1% |
| Total equity and liabilities | 10/49 | €421,032 | €451,396 | +€30,364 | +7.2% |
| Equity | 10/15 | €78,834 | €84,538 | +€5,704 | +7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60,234 | €65,938 | +€5,704 | +9.5% |
| Non-distributable reserves | 130/1 | €546 | €546 | = | 0.0% |
| Reserves not available under the articles | 1311 | €546 | €546 | = | 0.0% |
| Distributable reserves | 133 | €59,687 | €65,391 | +€5,704 | +9.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €342,199 | €366,858 | +€24,659 | +7.2% |
| Amounts payable after more than one year | 17 | €287,523 | €285,482 | -€2,041 | -0.7% |
| Financial debts | 170/4 | €287,523 | €285,482 | -€2,041 | -0.7% |
| Amounts payable within one year | 42/48 | €54,676 | €81,376 | +€26,700 | +48.8% |
| Current portion of amounts payable after more than one year | 42 | €22,874 | €29,595 | +€6,721 | +29.4% |
| Trade debts | 44 | €6,204 | €43,259 | +€37,055 | +597.2% |
| Suppliers | 440/4 | €6,204 | €43,259 | +€37,055 | +597.2% |
| Taxes, remuneration and social security | 45 | €10,320 | €8,522 | -€1,798 | -17.4% |
| Taxes | 450/3 | €9,969 | €8,522 | -€1,447 | -14.5% |
| Remuneration and social security | 454/9 | €351 | €0 | -€351 | -100.0% |
| Other amounts payable | 47/48 | €15,278 | €0 | -€15,278 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,173 | €2,704 | +€1,531 | +130.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,329 | €14,944 | -€385 | -2.5% |
| Other operating charges | 640/8 | €34,687 | €26,806 | -€7,882 | -22.7% |
| Gross operating margin | 9900 | €72,946 | €73,531 | +€585 | +0.8% |
| Operating profit (loss) | 9901 | €21,756 | €29,077 | +€7,321 | +33.7% |
| Financial income | 75/76B | €2,889 | €909 | -€1,980 | -68.5% |
| Recurring financial income | 75 | €2,889 | €909 | -€1,980 | -68.5% |
| Financial charges | 65/66B | €12,219 | €19,115 | +€6,896 | +56.4% |
| Recurring financial charges | 65 | €12,219 | €19,115 | +€6,896 | +56.4% |
| Profit (loss) for the period before taxes | 9903 | €12,426 | €10,871 | -€1,555 | -12.5% |
| Income taxes | 67/77 | €4,474 | €5,166 | +€692 | +15.5% |
| Profit (loss) for the period | 9904 | €7,951 | €5,704 | -€2,247 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,951 | €5,704 | -€2,247 | -28.3% |
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 12 October 2026 via checked.be.