VELODROOM: 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.
VELODROOM
Largest movements
- Receivables within one year -€75,788
down €75,788 (-89.3%), from €84,911 to €9,123
of which Trade receivables: -€73,719
- Tangible fixed assets -€16,491
down €16,491 (-20.5%), from €80,515 to €64,024
of which Land and buildings: -€15,874
- Trade debts -€41,143
down €41,143 (-66.1%), from €62,223 to €21,080
- Short-term financial debts -€29,575
down €29,575 (-41.3%), from €71,573 to €41,998
- Tax, wage and social debts -€20,884
down €20,884 (-46.0%), from €45,393 to €24,509
of which Remuneration and social security: -€19,028
- Reserves +€20,624
up €20,624 (+102%), from €20,168 to €40,792
of which Distributable reserves: +€20,624
- Advances received -€11,243
no longer reported in 2025 (was €11,243)
- Gross operating margin +€72,703
up €72,703 (+138%), from €52,770 to €125,473
- Staff costs -€33,367
down €33,367 (-29.8%), from €111,974 to €78,607
- Financial charges -€12,360
down €12,360 (-67.1%), from €18,430 to €6,070
- Taxes +€2,062
new in 2025: €2,062
- Financial income -€1,413
down €1,413 (-94.5%), from €1,495 to €82
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 | €298,366 | €208,239 | -€90,127 | -30.2% |
| Fixed assets | 21/28 | €83,726 | €67,235 | -€16,491 | -19.7% |
| Tangible fixed assets | 22/27 | €80,515 | €64,024 | -€16,491 | -20.5% |
| Land and buildings | 22 | €79,562 | €63,688 | -€15,874 | -20.0% |
| Furniture and vehicles | 24 | €952 | €336 | -€617 | -64.7% |
| Financial fixed assets | 28 | €3,211 | €3,211 | = | 0.0% |
| Current assets | 29/58 | €214,640 | €141,004 | -€73,636 | -34.3% |
| Stocks and contracts in progress | 3 | €129,378 | €130,505 | +€1,127 | +0.9% |
| Stocks | 30/36 | €129,378 | €130,505 | +€1,127 | +0.9% |
| Amounts receivable within one year | 40/41 | €84,911 | €9,123 | -€75,788 | -89.3% |
| Trade receivables | 40 | €74,904 | €1,185 | -€73,719 | -98.4% |
| Other amounts receivable | 41 | €10,006 | €7,938 | -€2,069 | -20.7% |
| Cash at bank and in hand | 54/58 | €0 | €52 | +€52 | +47,436% |
| Deferred charges and accrued income | 490/1 | €351 | €1,325 | +€973 | +277% |
| Total equity and liabilities | 10/49 | €298,366 | €208,239 | -€90,127 | -30.2% |
| Equity | 10/15 | €99,953 | €120,577 | +€20,624 | +20.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Contributions outside capital | 11 | €6,197 | €6,197 | = | 0.0% |
| Other | 1109/19 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €20,168 | €40,792 | +€20,624 | +102% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,309 | €18,309 | = | 0.0% |
| Distributable reserves | 133 | - | €20,624 | +€20,624 | |
| Profit (loss) carried forward | 14 | €73,587 | €73,587 | = | 0.0% |
| Amounts payable | 17/49 | €198,413 | €87,663 | -€110,751 | -55.8% |
| Amounts payable within one year | 42/48 | €198,413 | €87,663 | -€110,751 | -55.8% |
| Current portion of amounts payable after more than one year | 42 | €5,808 | - | -€5,808 | |
| Financial debts | 43 | €71,573 | €41,998 | -€29,575 | -41.3% |
| Credit institutions | 430/8 | €71,573 | €41,998 | -€29,575 | -41.3% |
| Trade debts | 44 | €62,223 | €21,080 | -€41,143 | -66.1% |
| Suppliers | 440/4 | €62,223 | €21,080 | -€41,143 | -66.1% |
| Advances received on contracts in progress | 46 | €11,243 | - | -€11,243 | |
| Taxes, remuneration and social security | 45 | €45,393 | €24,509 | -€20,884 | -46.0% |
| Taxes | 450/3 | €6,036 | €4,180 | -€1,856 | -30.7% |
| Remuneration and social security | 454/9 | €39,356 | €20,328 | -€19,028 | -48.3% |
| Other amounts payable | 47/48 | €2,174 | €76 | -€2,098 | -96.5% |
| Remuneration, social security and pensions | 62 | €111,974 | €78,607 | -€33,367 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,491 | €16,491 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,650 | €1,702 | +€52 | +3.1% |
| Gross operating margin | 9900 | €52,770 | €125,473 | +€72,703 | +138% |
| Operating profit (loss) | 9901 | -€77,345 | €28,674 | +€106,019 | |
| Financial income | 75/76B | €1,495 | €82 | -€1,413 | -94.5% |
| Recurring financial income | 75 | €1,495 | €82 | -€1,413 | -94.5% |
| Financial charges | 65/66B | €18,430 | €6,070 | -€12,360 | -67.1% |
| Recurring financial charges | 65 | €18,430 | €6,070 | -€12,360 | -67.1% |
| Profit (loss) for the period before taxes | 9903 | -€94,279 | €22,686 | +€116,966 | |
| Income taxes | 67/77 | - | €2,062 | +€2,062 | |
| Profit (loss) for the period | 9904 | -€94,279 | €20,624 | +€114,903 | |
| Profit (loss) for the period to be appropriated | 9905 | -€94,279 | €20,624 | +€114,903 |
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.