Velolux Next Generation: what changed
Velolux Next Generation
Largest movements
- Tangible fixed assets +€51,964
up €51,964 (+989%), from €5,253 to €57,217
of which Leasing and similar rights: +€49,494
- Receivables within one year +€17,727
up €17,727 (+81.5%), from €21,749 to €39,476
of which Trade receivables: +€18,185
- Cash +€7,273
up €7,273 (+6.1%), from €118,941 to €126,214
mainly Net result for the year (+€74,351) and Trade debts (+€22,995)
- Reserves +€74,351
up €74,351 (+127%), from €58,327 to €132,678
- Other debts -€55,709
down €55,709 (-31.7%), from €175,996 to €120,287
- Trade debts +€22,995
up €22,995 (+398%), from €5,775 to €28,770
- Debts after one year +€21,116
new in 2025: €21,116
- Tax, wage and social debts +€12,768
up €12,768 (+150%), from €8,506 to €21,274
of which Taxes: +€9,660
- Gross operating margin +€39,689
up €39,689 (+39.5%), from €100,572 to €140,261
- Staff costs +€15,500
up €15,500 (+114%), from €13,540 to €29,040
- Taxes +€7,366
up €7,366 (+33.6%), from €21,922 to €29,288
- Depreciation +€3,392
up €3,392 (+454%), from €747 to €4,140
- Other operating charges +€2,644
up €2,644 (+93.8%), from €2,820 to €5,464
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €253,604 | €333,775 | +€80,171 | +31.6% |
| Fixed assets | 21/28 | €5,253 | €57,217 | +€51,964 | +989% |
| Tangible fixed assets | 22/27 | €5,253 | €57,217 | +€51,964 | +989% |
| Land and buildings | 22 | €1,851 | €5,120 | +€3,270 | +177% |
| Plant, machinery and equipment | 23 | €2,126 | €1,627 | -€500 | -23.5% |
| Furniture and vehicles | 24 | €1,276 | €976 | -€300 | -23.5% |
| Leasing and similar rights | 25 | - | €49,494 | +€49,494 | |
| Current assets | 29/58 | €248,351 | €276,558 | +€28,207 | +11.4% |
| Stocks and contracts in progress | 3 | €107,024 | €108,548 | +€1,524 | +1.4% |
| Stocks | 30/36 | €107,024 | €108,548 | +€1,524 | +1.4% |
| Amounts receivable within one year | 40/41 | €21,749 | €39,476 | +€17,727 | +81.5% |
| Trade receivables | 40 | €4,234 | €22,419 | +€18,185 | +430% |
| Other amounts receivable | 41 | €17,515 | €17,058 | -€458 | -2.6% |
| Cash at bank and in hand | 54/58 | €118,941 | €126,214 | +€7,273 | +6.1% |
| Deferred charges and accrued income | 490/1 | €637 | €2,320 | +€1,683 | +264% |
| Total equity and liabilities | 10/49 | €253,604 | €333,775 | +€80,171 | +31.6% |
| Equity | 10/15 | €63,327 | €137,678 | +€74,351 | +117% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €58,327 | €132,678 | +€74,351 | +127% |
| Distributable reserves | 133 | €58,327 | €132,678 | +€74,351 | +127% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €190,277 | €196,096 | +€5,820 | +3.1% |
| Amounts payable after more than one year | 17 | - | €21,116 | +€21,116 | |
| Financial debts | 170/4 | - | €21,116 | +€21,116 | |
| Amounts payable within one year | 42/48 | €190,277 | €174,981 | -€15,296 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | - | €4,650 | +€4,650 | |
| Trade debts | 44 | €5,775 | €28,770 | +€22,995 | +398% |
| Suppliers | 440/4 | €5,775 | €28,770 | +€22,995 | +398% |
| Taxes, remuneration and social security | 45 | €8,506 | €21,274 | +€12,768 | +150% |
| Taxes | 450/3 | €7,082 | €16,743 | +€9,660 | +136% |
| Remuneration and social security | 454/9 | €1,424 | €4,532 | +€3,108 | +218% |
| Other amounts payable | 47/48 | €175,996 | €120,287 | -€55,709 | -31.7% |
| Non-recurring operating income | 76A | - | €35 | +€35 | |
| Remuneration, social security and pensions | 62 | €13,540 | €29,040 | +€15,500 | +114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €747 | €4,140 | +€3,392 | +454% |
| Other operating charges | 640/8 | €2,820 | €5,464 | +€2,644 | +93.8% |
| Gross operating margin | 9900 | €100,572 | €140,261 | +€39,689 | +39.5% |
| Operating profit (loss) | 9901 | €83,465 | €101,618 | +€18,153 | +21.7% |
| Financial income | 75/76B | €1,841 | €2,629 | +€787 | +42.8% |
| Recurring financial income | 75 | €1,841 | €2,629 | +€787 | +42.8% |
| Financial charges | 65/66B | €57 | €607 | +€550 | +964% |
| Recurring financial charges | 65 | €57 | €607 | +€550 | +964% |
| Profit (loss) for the period before taxes | 9903 | €85,249 | €103,639 | +€18,390 | +21.6% |
| Income taxes | 67/77 | €21,922 | €29,288 | +€7,366 | +33.6% |
| Profit (loss) for the period | 9904 | €63,327 | €74,351 | +€11,024 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,327 | €74,351 | +€11,024 | +17.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.