Velodi: 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.
What changed
Velodi
NACE 47.632, Retail sale of bicycles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€31,265
2024 · -€65,592+€34,327
Equity
€149,820
2024 · €181,086-€31,265
Cash
€55,746
2024 · €43,752+€11,994
Balance sheet total
€2.1m
2024 · €2.4m-€242,249
Largest movements
Assets
- Stocks and contracts -€234,580
down €234,580 (-11.3%), from €2.1m to €1.8m
Equity and liabilities
- Debts after one year -€237,000
down €237,000 (-14.9%), from €1.6m to €1.4m
- Tax, wage and social debts +€71,861
up €71,861 (+123%), from €58,650 to €130,512
of which Remuneration and social security: +€75,752
- Trade debts -€71,031
down €71,031 (-20.0%), from €355,801 to €284,770
- Other debts -€49,233
down €49,233 (-94.8%), from €51,956 to €2,724
- Accrued charges and deferred income +€43,260
new in 2025: €43,260
Income statement
- Staff costs +€519,247
up €519,247 (+1,151%), from €45,121 to €564,368
- Gross operating margin +€502,975
up €502,975 (+409%), from €122,895 to €625,869
- Financial charges -€34,315
down €34,315 (-29.3%), from €117,272 to €82,957
- Other operating charges -€12,824
down €12,824 (-81.0%), from €15,840 to €3,015
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
-€65,592
Gross operating margin
+€502,975
Staff costs
-€519,247
Depreciation
-€76
Other operating charges
+€12,824
Financial income
+€3,611
Financial charges
+€34,315
Taxes
-€75
Result 2025
-€31,265
raises the resultlowers the result
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.
From operations
+€232,248
Investment
-€1,684
Financing
-€218,571
Cash 2024
€43,752
From operations (derived)
+€232,248
Net result for the year
-€31,265
Depreciation
+€25,075
Stocks and contracts
+€234,580
Receivables within one year
+€7,471
Deferred charges and accrued income
-€11,200
Trade debts
-€71,031
Tax, wage and social debts
+€71,861
Advances received
+€12,729
Other debts
-€49,233
Accrued charges and deferred income
+€43,260
Investment (derived)
-€1,684
Investment in fixed assets (net)
-€1,684
Financing
-€218,571
Debts after one year
-€237,000
Short-term financial debts
+€18,429
Cash 2025
€55,746
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,388,477 | €2,146,228 | -€242,249 | -10.1% |
| Fixed assets | 21/28 | €175,171 | €151,779 | -€23,392 | -13.4% |
| Intangible fixed assets | 21 | €39,167 | €29,167 | -€10,000 | -25.5% |
| Tangible fixed assets | 22/27 | €134,942 | €121,650 | -€13,292 | -9.9% |
| Plant, machinery and equipment | 23 | €134,942 | €121,650 | -€13,292 | -9.9% |
| Financial fixed assets | 28 | €1,063 | €963 | -€100 | -9.4% |
| Current assets | 29/58 | €2,213,306 | €1,994,449 | -€218,857 | -9.9% |
| Stocks and contracts in progress | 3 | €2,080,903 | €1,846,322 | -€234,580 | -11.3% |
| Stocks | 30/36 | €2,080,903 | €1,846,322 | -€234,580 | -11.3% |
| Amounts receivable within one year | 40/41 | €82,651 | €75,180 | -€7,471 | -9.0% |
| Trade receivables | 40 | €82,651 | €75,180 | -€7,471 | -9.0% |
| Cash at bank and in hand | 54/58 | €43,752 | €55,746 | +€11,994 | +27.4% |
| Deferred charges and accrued income | 490/1 | €6,000 | €17,200 | +€11,200 | +187% |
| Total equity and liabilities | 10/49 | €2,388,477 | €2,146,228 | -€242,249 | -10.1% |
| Equity | 10/15 | €181,086 | €149,820 | -€31,265 | -17.3% |
| Contributions | 10/11 | €285,898 | €285,898 | = | 0.0% |
| Capital | 10 | €284,711 | €284,711 | = | 0.0% |
| Issued capital | 100 | €284,711 | €284,711 | = | 0.0% |
| Contributions outside capital | 11 | €1,187 | €1,187 | = | 0.0% |
| Other | 1109/19 | €1,187 | €1,187 | = | 0.0% |
| Reserves | 13 | €45,381 | €45,381 | = | 0.0% |
| Non-distributable reserves | 130/1 | €28,471 | €28,471 | = | 0.0% |
| Legal reserve | 130 | €28,471 | €28,471 | = | 0.0% |
| Distributable reserves | 133 | €16,910 | €16,910 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,193 | -€181,458 | -€31,265 | -20.8% |
| Amounts payable | 17/49 | €2,207,391 | €1,996,407 | -€210,984 | -9.6% |
| Amounts payable after more than one year | 17 | €1,595,000 | €1,358,000 | -€237,000 | -14.9% |
| Other amounts payable | 178/9 | €1,595,000 | €1,358,000 | -€237,000 | -14.9% |
| Amounts payable within one year | 42/48 | €612,391 | €595,147 | -€17,244 | -2.8% |
| Financial debts | 43 | €125,000 | €143,429 | +€18,429 | +14.7% |
| Credit institutions | 430/8 | €125,000 | €143,429 | +€18,429 | +14.7% |
| Trade debts | 44 | €355,801 | €284,770 | -€71,031 | -20.0% |
| Suppliers | 440/4 | €355,801 | €284,770 | -€71,031 | -20.0% |
| Advances received on contracts in progress | 46 | €20,983 | €33,713 | +€12,729 | +60.7% |
| Taxes, remuneration and social security | 45 | €58,650 | €130,512 | +€71,861 | +123% |
| Taxes | 450/3 | €52,930 | €49,039 | -€3,891 | -7.4% |
| Remuneration and social security | 454/9 | €5,721 | €81,473 | +€75,752 | +1,324% |
| Other amounts payable | 47/48 | €51,956 | €2,724 | -€49,233 | -94.8% |
| Accrued charges and deferred income | 492/3 | - | €43,260 | +€43,260 | |
| Non-recurring operating income | 76A | - | €6,846 | +€6,846 | |
| Remuneration, social security and pensions | 62 | €45,121 | €564,368 | +€519,247 | +1,151% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,000 | €25,075 | +€76 | +0.3% |
| Other operating charges | 640/8 | €15,840 | €3,015 | -€12,824 | -81.0% |
| Gross operating margin | 9900 | €122,895 | €625,869 | +€502,975 | +409% |
| Operating profit (loss) | 9901 | €36,934 | €33,410 | -€3,524 | -9.5% |
| Financial income | 75/76B | €14,746 | €18,357 | +€3,611 | +24.5% |
| Recurring financial income | 75 | €14,746 | €18,357 | +€3,611 | +24.5% |
| Financial charges | 65/66B | €117,272 | €82,957 | -€34,315 | -29.3% |
| Recurring financial charges | 65 | €117,272 | €82,957 | -€34,315 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | -€65,592 | -€31,190 | +€34,402 | +52.4% |
| Income taxes | 67/77 | - | €75 | +€75 | |
| Profit (loss) for the period | 9904 | -€65,592 | -€31,265 | +€34,327 | +52.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,592 | -€31,265 | +€34,327 | +52.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.