VELMAR: 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.
What changed
VELMAR
NACE 46.160, Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7,849
2024 · €813+€7,035
Equity
€591,794
2024 · €588,946+€2,849
Cash
€45,055
2024 · €42,733+€2,322
Balance sheet total
€3.2m
2024 · €3.1m+€162,481
Largest movements
Assets
- Receivables within one year +€564,484
up €564,484 (+24.9%), from €2.3m to €2.8m
of which Trade receivables: +€580,706
- Stocks and contracts -€403,459
down €403,459 (-58.4%), from €690,523 to €287,064
Equity and liabilities
- Advances received +€399,678
up €399,678 (+98.2%), from €407,127 to €806,805
- Current portion of long-term debt -€112,995
down €112,995 (-53.7%), from €210,609 to €97,614
- Debts after one year -€97,614
down €97,614 (-30.3%), from €322,614 to €225,000
- Trade debts -€65,305
down €65,305 (-7.5%), from €868,253 to €802,948
- Other debts +€45,743
up €45,743 (+21.7%), from €211,262 to €257,005
Income statement
- Gross operating margin +€48,483
up €48,483 (+19.1%), from €254,439 to €302,922
- Staff costs +€23,328
up €23,328 (+12.7%), from €184,041 to €207,370
- Write-downs +€10,639
new in 2025: €10,639
- Financial income -€3,336
down €3,336 (-14.6%), from €22,834 to €19,498
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.
Result 2024
€813
Gross operating margin
+€48,483
Staff costs
-€23,328
Depreciation
-€952
Write-downs
-€10,639
Other operating charges
-€53
Financial income
-€3,336
Financial charges
-€3,021
Taxes
-€117
Result 2025
€7,849
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.
From operations
+€221,652
Investment
-€8,095
Financing
-€211,235
Cash 2024
€42,733
From operations (derived)
+€221,652
Net result for the year
+€7,849
Depreciation
+€9,508
Stocks and contracts
+€403,459
Receivables within one year
-€564,484
Deferred charges and accrued income
-€548
Trade debts
-€65,305
Tax, wage and social debts
-€14,249
Advances received
+€399,678
Other debts
+€45,743
Investment (derived)
-€8,095
Investment in fixed assets (net)
-€8,095
Current investments
-€0
Financing
-€211,235
Debts after one year
-€97,614
Current portion of long-term debt
-€112,995
Short-term financial debts
+€4,374
Contributions, distributions and other
-€5,000
Cash 2025
€45,055
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,050,363 | €3,212,844 | +€162,481 | +5.3% |
| Fixed assets | 21/28 | €25,214 | €23,801 | -€1,413 | -5.6% |
| Tangible fixed assets | 22/27 | €25,214 | €23,801 | -€1,413 | -5.6% |
| Plant, machinery and equipment | 23 | €4,897 | €1,504 | -€3,393 | -69.3% |
| Furniture and vehicles | 24 | €3,896 | €2,224 | -€1,673 | -42.9% |
| Other tangible fixed assets | 26 | €16,421 | €20,073 | +€3,652 | +22.2% |
| Current assets | 29/58 | €3,025,148 | €3,189,043 | +€163,894 | +5.4% |
| Stocks and contracts in progress | 3 | €690,523 | €287,064 | -€403,459 | -58.4% |
| Stocks | 30/36 | €690,523 | €287,064 | -€403,459 | -58.4% |
| Amounts receivable within one year | 40/41 | €2,269,255 | €2,833,740 | +€564,484 | +24.9% |
| Trade receivables | 40 | €1,606,966 | €2,187,672 | +€580,706 | +36.1% |
| Other amounts receivable | 41 | €662,290 | €646,067 | -€16,222 | -2.4% |
| Current investments | 50/53 | €1 | €1 | +€0 | +0.8% |
| Cash at bank and in hand | 54/58 | €42,733 | €45,055 | +€2,322 | +5.4% |
| Deferred charges and accrued income | 490/1 | €22,636 | €23,183 | +€548 | +2.4% |
| Total equity and liabilities | 10/49 | €3,050,363 | €3,212,844 | +€162,481 | +5.3% |
| Equity | 10/15 | €588,946 | €591,794 | +€2,849 | +0.5% |
| Contributions | 10/11 | €285,200 | €285,200 | = | 0.0% |
| Reserves | 13 | €291,251 | €291,251 | = | 0.0% |
| Distributable reserves | 133 | €291,251 | €291,251 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,495 | €15,343 | +€2,849 | +22.8% |
| Amounts payable | 17/49 | €2,461,417 | €2,621,050 | +€159,633 | +6.5% |
| Amounts payable after more than one year | 17 | €322,614 | €225,000 | -€97,614 | -30.3% |
| Financial debts | 170/4 | €322,614 | €225,000 | -€97,614 | -30.3% |
| Amounts payable within one year | 42/48 | €2,134,865 | €2,392,112 | +€257,247 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €210,609 | €97,614 | -€112,995 | -53.7% |
| Financial debts | 43 | €359,958 | €364,332 | +€4,374 | +1.2% |
| Credit institutions | 430/8 | €19,958 | €14,332 | -€5,626 | -28.2% |
| Other loans | 439 | €340,000 | €350,000 | +€10,000 | +2.9% |
| Trade debts | 44 | €868,253 | €802,948 | -€65,305 | -7.5% |
| Suppliers | 440/4 | €868,253 | €802,948 | -€65,305 | -7.5% |
| Advances received on contracts in progress | 46 | €407,127 | €806,805 | +€399,678 | +98.2% |
| Taxes, remuneration and social security | 45 | €77,656 | €63,408 | -€14,249 | -18.3% |
| Taxes | 450/3 | €64,790 | €51,402 | -€13,388 | -20.7% |
| Remuneration and social security | 454/9 | €12,866 | €12,006 | -€861 | -6.7% |
| Other amounts payable | 47/48 | €211,262 | €257,005 | +€45,743 | +21.7% |
| Accrued charges and deferred income | 492/3 | €3,938 | €3,938 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €184,041 | €207,370 | +€23,328 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,557 | €9,508 | +€952 | +11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,639 | +€10,639 | |
| Other operating charges | 640/8 | €12,579 | €12,632 | +€53 | +0.4% |
| Gross operating margin | 9900 | €254,439 | €302,922 | +€48,483 | +19.1% |
| Operating profit (loss) | 9901 | €49,262 | €62,772 | +€13,510 | +27.4% |
| Financial income | 75/76B | €22,834 | €19,498 | -€3,336 | -14.6% |
| Recurring financial income | 75 | €22,834 | €19,498 | -€3,336 | -14.6% |
| Financial charges | 65/66B | €63,007 | €66,028 | +€3,021 | +4.8% |
| Recurring financial charges | 65 | €63,007 | €66,028 | +€3,021 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €9,090 | €16,243 | +€7,153 | +78.7% |
| Income taxes | 67/77 | €8,277 | €8,394 | +€117 | +1.4% |
| Profit (loss) for the period | 9904 | €813 | €7,849 | +€7,035 | +865.1% |
| Profit (loss) for the period to be appropriated | 9905 | €813 | €7,849 | +€7,035 | +865.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.