VELOO: 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.
VELOO
Largest movements
- Cash +€48,815
up €48,815 (+112%), from €43,506 to €92,321
mainly Other debts (+€72,601) and Net result for the year (+€40,099)
- Tangible fixed assets -€8,728
down €8,728 (-5.8%), from €150,518 to €141,790
of which Land and buildings: -€8,976
- Stocks and contracts -€5,127
down €5,127 (-8.6%), from €59,613 to €54,486
- Profit (loss) carried forward -€91,361
down €91,361 (-100%), from €91,361 to €0
- Other debts +€72,601
up €72,601 (+423%), from €17,144 to €89,745
- Reserves +€39,266
up €39,266 (+3,429%), from €1,145 to €40,411
of which Distributable reserves: +€39,266
- Tax, wage and social debts +€20,771
up €20,771 (+231%), from €8,979 to €29,749
of which Taxes: +€19,771
- Debts after one year -€14,434
down €14,434 (-12.7%), from €113,451 to €99,017
- Gross operating margin +€10,484
up €10,484 (+14.2%), from €73,869 to €84,353
- Taxes +€8,694
up €8,694 (+74.6%), from €11,658 to €20,352
- Depreciation +€3,760
up €3,760 (+32.0%), from €11,744 to €15,503
- Other operating charges +€2,038
up €2,038 (+174%), from €1,174 to €3,212
- Financial charges +€1,896
up €1,896 (+55.2%), from €3,433 to €5,329
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 | €266,363 | €301,357 | +€34,994 | +13.1% |
| Fixed assets | 21/28 | €150,518 | €141,790 | -€8,728 | -5.8% |
| Tangible fixed assets | 22/27 | €150,518 | €141,790 | -€8,728 | -5.8% |
| Land and buildings | 22 | €133,009 | €124,033 | -€8,976 | -6.7% |
| Plant, machinery and equipment | 23 | - | €3,954 | +€3,954 | |
| Furniture and vehicles | 24 | €17,509 | €13,803 | -€3,706 | -21.2% |
| Current assets | 29/58 | €115,845 | €159,567 | +€43,722 | +37.7% |
| Stocks and contracts in progress | 3 | €59,613 | €54,486 | -€5,127 | -8.6% |
| Stocks | 30/36 | €59,613 | €54,486 | -€5,127 | -8.6% |
| Amounts receivable within one year | 40/41 | €12,162 | €11,146 | -€1,017 | -8.4% |
| Trade receivables | 40 | €11,794 | €10,076 | -€1,718 | -14.6% |
| Other amounts receivable | 41 | €368 | €1,070 | +€702 | +190% |
| Cash at bank and in hand | 54/58 | €43,506 | €92,321 | +€48,815 | +112% |
| Deferred charges and accrued income | 490/1 | €564 | €1,615 | +€1,051 | +186% |
| Total equity and liabilities | 10/49 | €266,363 | €301,357 | +€34,994 | +13.1% |
| Equity | 10/15 | €111,106 | €59,011 | -€52,095 | -46.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,145 | €40,411 | +€39,266 | +3,429% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,145 | €40,411 | +€39,266 | +3,429% |
| Profit (loss) carried forward | 14 | €91,361 | €0 | -€91,361 | -100% |
| Amounts payable | 17/49 | €155,257 | €242,346 | +€87,089 | +56.1% |
| Amounts payable after more than one year | 17 | €113,451 | €99,017 | -€14,434 | -12.7% |
| Financial debts | 170/4 | €113,451 | €99,017 | -€14,434 | -12.7% |
| Amounts payable within one year | 42/48 | €41,398 | €143,304 | +€101,905 | +246% |
| Current portion of amounts payable after more than one year | 42 | €14,213 | €14,434 | +€221 | +1.6% |
| Trade debts | 44 | €903 | €9,146 | +€8,243 | +913% |
| Suppliers | 440/4 | €903 | €9,146 | +€8,243 | +913% |
| Advances received on contracts in progress | 46 | €160 | €230 | +€70 | +43.8% |
| Taxes, remuneration and social security | 45 | €8,979 | €29,749 | +€20,771 | +231% |
| Taxes | 450/3 | €8,979 | €28,749 | +€19,771 | +220% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €17,144 | €89,745 | +€72,601 | +423% |
| Accrued charges and deferred income | 492/3 | €408 | €25 | -€382 | -93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,744 | €15,503 | +€3,760 | +32.0% |
| Other operating charges | 640/8 | €1,174 | €3,212 | +€2,038 | +174% |
| Gross operating margin | 9900 | €73,869 | €84,353 | +€10,484 | +14.2% |
| Operating profit (loss) | 9901 | €60,952 | €65,638 | +€4,686 | +7.7% |
| Financial income | 75/76B | €109 | €143 | +€34 | +30.8% |
| Recurring financial income | 75 | €109 | €143 | +€34 | +30.8% |
| Financial charges | 65/66B | €3,433 | €5,329 | +€1,896 | +55.2% |
| Recurring financial charges | 65 | €3,433 | €5,329 | +€1,896 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | €57,628 | €60,451 | +€2,823 | +4.9% |
| Income taxes | 67/77 | €11,658 | €20,352 | +€8,694 | +74.6% |
| Profit (loss) for the period | 9904 | €45,970 | €40,099 | -€5,871 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,970 | €40,099 | -€5,871 | -12.8% |
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 16 October 2026 via checked.be.