VELOMAKER VAN BURCHT: 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.
VELOMAKER VAN BURCHT
Largest movements
- Stocks and contracts +€19,240
up €19,240 (+33.4%), from €57,526 to €76,766
- Cash +€6,150
up €6,150 (+92.3%), from €6,665 to €12,815
mainly Other debts (+€14,340) and Current portion of long-term debt (+€13,112)
- Receivables within one year +€1,427
up €1,427 (+88.9%), from €1,606 to €3,033
of which Other amounts receivable: +€1,490
- Other debts +€14,340
up €14,340 (+390%), from €3,680 to €18,020
- Current portion of long-term debt +€13,112
up €13,112 (+482%), from €2,723 to €15,834
- Reserves -€1,148
down €1,148 (-5.7%), from €19,986 to €18,838
- Depreciation -€1,150
no longer reported in 2025 (was €1,150)
- Other operating charges -€955
down €955 (-36.8%), from €2,593 to €1,638
- Gross operating margin +€762
up €762, from -€14 to €748
- Financial charges -€17
down €17 (-6.3%), from €276 to €258
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 | €76,265 | €103,082 | +€26,817 | +35.2% |
| Fixed assets | 21/28 | €10,164 | €10,164 | = | 0.0% |
| Tangible fixed assets | 22/27 | €10,040 | €10,040 | = | 0.0% |
| Land and buildings | 22 | €10,040 | €10,040 | = | 0.0% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €66,101 | €92,919 | +€26,817 | +40.6% |
| Stocks and contracts in progress | 3 | €57,526 | €76,766 | +€19,240 | +33.4% |
| Stocks | 30/36 | €57,526 | €76,766 | +€19,240 | +33.4% |
| Amounts receivable within one year | 40/41 | €1,606 | €3,033 | +€1,427 | +88.9% |
| Trade receivables | 40 | €1,150 | €1,087 | -€63 | -5.5% |
| Other amounts receivable | 41 | €456 | €1,945 | +€1,490 | +327% |
| Cash at bank and in hand | 54/58 | €6,665 | €12,815 | +€6,150 | +92.3% |
| Deferred charges and accrued income | 490/1 | €305 | €305 | = | 0.0% |
| Total equity and liabilities | 10/49 | €76,265 | €103,082 | +€26,817 | +35.2% |
| Equity | 10/15 | €28,662 | €27,514 | -€1,148 | -4.0% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Contributions outside capital | 11 | - | €8,676 | +€8,676 | |
| Other | 1109/19 | - | €8,676 | +€8,676 | |
| Reserves | 13 | €19,986 | €18,838 | -€1,148 | -5.7% |
| Distributable reserves | 133 | €19,986 | €18,838 | -€1,148 | -5.7% |
| Amounts payable | 17/49 | €47,603 | €75,569 | +€27,966 | +58.7% |
| Amounts payable after more than one year | 17 | €40,000 | €40,000 | = | 0.0% |
| Other amounts payable | 178/9 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,603 | €35,569 | +€27,966 | +368% |
| Current portion of amounts payable after more than one year | 42 | €2,723 | €15,834 | +€13,112 | +482% |
| Trade debts | 44 | €1,200 | €1,414 | +€214 | +17.8% |
| Suppliers | 440/4 | €1,200 | €1,414 | +€214 | +17.8% |
| Taxes, remuneration and social security | 45 | - | €300 | +€300 | |
| Taxes | 450/3 | - | €300 | +€300 | |
| Other amounts payable | 47/48 | €3,680 | €18,020 | +€14,340 | +390% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,150 | - | -€1,150 | |
| Other operating charges | 640/8 | €2,593 | €1,638 | -€955 | -36.8% |
| Gross operating margin | 9900 | -€14 | €748 | +€762 | |
| Operating profit (loss) | 9901 | -€3,757 | -€890 | +€2,867 | +76.3% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €276 | €258 | -€17 | -6.3% |
| Recurring financial charges | 65 | €276 | €258 | -€17 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,029 | -€1,148 | +€2,880 | +71.5% |
| Profit (loss) for the period | 9904 | -€4,029 | -€1,148 | +€2,880 | +71.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,029 | -€1,148 | +€2,880 | +71.5% |
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 29 October 2026 via checked.be.