VELLT: 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.
VELLT
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts -€851,220
no longer reported in 2025 (was €851,220)
- Debts after one year +€746,361
up €746,361 (+64.7%), from €1.2m to €1.9m
- Reserves +€314,616
up €314,616 (+1,409%), from €22,327 to €336,943
of which Distributable reserves: +€314,616
- Current portion of long-term debt -€150,000
down €150,000 (-36.2%), from €414,286 to €264,286
- Tax, wage and social debts -€54,667
down €54,667 (-91.1%), from €60,000 to €5,333
- Financial income +€291,991
up €291,991 (+406%), from €71,999 to €363,991
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 | €5,001,404 | €5,006,494 | +€5,090 | +0.1% |
| Fixed assets | 21/28 | €5,000,000 | €5,000,000 | = | 0.0% |
| Financial fixed assets | 28 | €5,000,000 | €5,000,000 | = | 0.0% |
| Affiliated companies | 280/1 | €5,000,000 | €5,000,000 | = | 0.0% |
| Participating interests | 280 | €5,000,000 | €5,000,000 | = | 0.0% |
| Current assets | 29/58 | €1,404 | €6,494 | +€5,090 | +362% |
| Amounts receivable within one year | 40/41 | - | €1,802 | +€1,802 | |
| Other amounts receivable | 41 | - | €1,802 | +€1,802 | |
| Cash at bank and in hand | 54/58 | €1,404 | €4,692 | +€3,288 | +234% |
| Total equity and liabilities | 10/49 | €5,001,404 | €5,006,494 | +€5,090 | +0.1% |
| Equity | 10/15 | €2,522,327 | €2,836,943 | +€314,616 | +12.5% |
| Contributions | 10/11 | €2,500,000 | €2,500,000 | = | 0.0% |
| Reserves | 13 | €22,327 | €336,943 | +€314,616 | +1,409% |
| Non-distributable reserves | 130/1 | €9,595 | €9,595 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,595 | €9,595 | = | 0.0% |
| Distributable reserves | 133 | €12,732 | €327,348 | +€314,616 | +2,471% |
| Amounts payable | 17/49 | €2,479,077 | €2,169,551 | -€309,526 | -12.5% |
| Amounts payable after more than one year | 17 | €1,153,572 | €1,899,932 | +€746,361 | +64.7% |
| Financial debts | 170/4 | €1,153,572 | €1,899,932 | +€746,361 | +64.7% |
| Credit institutions | 173 | €1,053,572 | €839,286 | -€214,286 | -20.3% |
| Other loans | 174 | €100,000 | €1,060,646 | +€960,646 | +961% |
| Amounts payable within one year | 42/48 | €1,325,505 | €269,618 | -€1.1m | -79.7% |
| Current portion of amounts payable after more than one year | 42 | €414,286 | €264,286 | -€150,000 | -36.2% |
| Taxes, remuneration and social security | 45 | €60,000 | €5,333 | -€54,667 | -91.1% |
| Taxes | 450/3 | €60,000 | €5,333 | -€54,667 | -91.1% |
| Other amounts payable | 47/48 | €851,220 | - | -€851,220 | |
| Operating charges | 60/66A | €2,721 | €2,168 | -€553 | -20.3% |
| Services and other goods | 61 | €2,603 | €2,048 | -€555 | -21.3% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Operating profit (loss) | 9901 | -€2,721 | -€2,168 | +€553 | +20.3% |
| Financial income | 75/76B | €71,999 | €363,991 | +€291,991 | +406% |
| Recurring financial income | 75 | €71,999 | €363,991 | +€291,991 | +406% |
| Income from financial fixed assets | 750 | €71,999 | €363,991 | +€291,991 | +406% |
| Financial charges | 65/66B | €38,857 | €47,207 | +€8,350 | +21.5% |
| Recurring financial charges | 65 | €38,857 | €47,207 | +€8,350 | +21.5% |
| Debt charges | 650 | €36,892 | €46,786 | +€9,894 | +26.8% |
| Other financial charges | 652/9 | €1,965 | €421 | -€1,544 | -78.6% |
| Profit (loss) for the period before taxes | 9903 | €30,421 | €314,616 | +€284,195 | +934% |
| Profit (loss) for the period | 9904 | €30,421 | €314,616 | +€284,195 | +934% |
| Profit (loss) for the period to be appropriated | 9905 | €30,421 | €314,616 | +€284,195 | +934% |
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 14 October 2026 via checked.be.