Velo-Print: 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.
Velo-Print
Largest movements
- Tangible fixed assets +€41,876
up €41,876 (+138%), from €30,397 to €72,274
of which Furniture and vehicles: +€42,082
- Cash +€24,655
up €24,655 (+55.9%), from €44,067 to €68,722
mainly Debts after one year (+€21,027) and Stocks and contracts (+€16,142)
- Stocks and contracts -€16,142
down €16,142 (-10.3%), from €156,694 to €140,551
- Receivables within one year -€8,273
down €8,273 (-39.3%), from €21,071 to €12,798
of which Trade receivables: -€9,764
- Debts after one year +€21,027
up €21,027 (+362%), from €5,816 to €26,842
- Reserves +€12,940
up €12,940 (+6.9%), from €186,238 to €199,178
of which Distributable reserves: +€12,940
- Tax, wage and social debts -€11,720
down €11,720 (-64.5%), from €18,181 to €6,461
of which Taxes: -€9,720
- Trade debts +€10,197
up €10,197 (+285%), from €3,572 to €13,769
- Current portion of long-term debt +€6,702
up €6,702 (+166%), from €4,033 to €10,736
- Gross operating margin -€24,040
down €24,040 (-76.9%), from €31,271 to €7,230
- Financial income +€8,608
up €8,608 (+41.3%), from €20,832 to €29,440
of which Financial income: +€28,803
- Taxes -€6,130
down €6,130 (-48.5%), from €12,639 to €6,509
- Depreciation +€4,673
up €4,673 (+47.7%), from €9,805 to €14,478
- Other operating charges -€454
down €454 (-35.7%), from €1,272 to €818
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 | €252,228 | €294,345 | +€42,116 | +16.7% |
| Fixed assets | 21/28 | €30,397 | €72,274 | +€41,876 | +138% |
| Tangible fixed assets | 22/27 | €30,397 | €72,274 | +€41,876 | +138% |
| Land and buildings | 22 | €11,196 | €9,042 | -€2,153 | -19.2% |
| Plant, machinery and equipment | 23 | - | €1,948 | +€1,948 | |
| Furniture and vehicles | 24 | €19,202 | €61,284 | +€42,082 | +219% |
| Current assets | 29/58 | €221,831 | €222,071 | +€240 | +0.1% |
| Stocks and contracts in progress | 3 | €156,694 | €140,551 | -€16,142 | -10.3% |
| Stocks | 30/36 | €156,694 | €140,551 | -€16,142 | -10.3% |
| Amounts receivable within one year | 40/41 | €21,071 | €12,798 | -€8,273 | -39.3% |
| Trade receivables | 40 | €21,071 | €11,307 | -€9,764 | -46.3% |
| Other amounts receivable | 41 | - | €1,491 | +€1,491 | |
| Cash at bank and in hand | 54/58 | €44,067 | €68,722 | +€24,655 | +55.9% |
| Total equity and liabilities | 10/49 | €252,228 | €294,345 | +€42,116 | +16.7% |
| Equity | 10/15 | €192,438 | €205,378 | +€12,940 | +6.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €186,238 | €199,178 | +€12,940 | +6.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €184,378 | €197,318 | +€12,940 | +7.0% |
| Amounts payable | 17/49 | €59,790 | €88,967 | +€29,176 | +48.8% |
| Amounts payable after more than one year | 17 | €5,816 | €26,842 | +€21,027 | +362% |
| Financial debts | 170/4 | €5,816 | €26,842 | +€21,027 | +362% |
| Amounts payable within one year | 42/48 | €53,975 | €62,124 | +€8,150 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €4,033 | €10,736 | +€6,702 | +166% |
| Trade debts | 44 | €3,572 | €13,769 | +€10,197 | +285% |
| Suppliers | 440/4 | €3,572 | €13,769 | +€10,197 | +285% |
| Taxes, remuneration and social security | 45 | €18,181 | €6,461 | -€11,720 | -64.5% |
| Taxes | 450/3 | €16,181 | €6,461 | -€9,720 | -60.1% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €28,188 | €31,159 | +€2,971 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,805 | €14,478 | +€4,673 | +47.7% |
| Other operating charges | 640/8 | €1,272 | €818 | -€454 | -35.7% |
| Gross operating margin | 9900 | €31,271 | €7,230 | -€24,040 | -76.9% |
| Operating profit (loss) | 9901 | €20,193 | -€8,066 | -€28,259 | |
| Financial income | 75/76B | €20,832 | €29,440 | +€8,608 | +41.3% |
| Recurring financial income | 75 | €637 | €29,440 | +€28,803 | +4,524% |
| Non-recurring financial income | 76B | €20,195 | - | -€20,195 | |
| Financial charges | 65/66B | €1,600 | €1,925 | +€325 | +20.3% |
| Recurring financial charges | 65 | €1,600 | €1,925 | +€325 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €39,425 | €19,449 | -€19,976 | -50.7% |
| Income taxes | 67/77 | €12,639 | €6,509 | -€6,130 | -48.5% |
| Profit (loss) for the period | 9904 | €26,786 | €12,940 | -€13,846 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,786 | €12,940 | -€13,846 | -51.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.