Velopass: what changed
Two fiscal 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.
Velopass
Largest movements
- Intangible fixed assets -€512,549
down €512,549 (-31.3%), from €1.6m to €1.1m
- Receivables within one year +€228,159
up €228,159 (+930.5%), from €24,519 to €252,678
of which Other amounts receivable: +€207,869
- Deferred charges and accrued income +€18,560
up €18,560 (+6027.4%), from €308 to €18,868
- Profit (loss) carried forward -€719,157
down €719,157 (-254.9%), from -€282,173 to -€1.0m
- Accrued charges and deferred income +€348,140
up €348,140 (+795.6%), from €43,757 to €391,897
- Trade debts +€65,857
up €65,857 (+3759.6%), from €1,752 to €67,609
- Depreciation +€557,245
up €557,245 (+9819.5%), from €5,675 to €562,920
- Gross operating margin -€56,438
down €56,438 (-67.2%), from €84,034 to €27,595
- Staff costs +€54,440
up €54,440 (+67.7%), from €80,359 to €134,800
- Financial income -€6,377
down €6,377 (-100.0%), from €6,377 to €0
- Financial charges +€4,194
up €4,194 (+9.5%), from €44,307 to €48,501
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.
Cash bridge derived
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 | €1,833,079 | €1,556,510 | -€276,569 | -15.1% |
| Fixed assets | 21/28 | €1,654,453 | €1,137,057 | -€517,396 | -31.3% |
| Intangible fixed assets | 21 | €1,635,993 | €1,123,444 | -€512,549 | -31.3% |
| Tangible fixed assets | 22/27 | €18,460 | €13,614 | -€4,847 | -26.3% |
| Plant, machinery and equipment | 23 | €18,460 | €13,614 | -€4,847 | -26.3% |
| Current assets | 29/58 | €178,626 | €419,453 | +€240,827 | +134.8% |
| Amounts receivable within one year | 40/41 | €24,519 | €252,678 | +€228,159 | +930.5% |
| Trade receivables | 40 | €21,714 | €42,004 | +€20,290 | +93.4% |
| Other amounts receivable | 41 | €2,805 | €210,674 | +€207,869 | +7409.7% |
| Cash at bank and in hand | 54/58 | €153,799 | €147,908 | -€5,891 | -3.8% |
| Deferred charges and accrued income | 490/1 | €308 | €18,868 | +€18,560 | +6027.4% |
| Total equity and liabilities | 10/49 | €1,833,079 | €1,556,510 | -€276,569 | -15.1% |
| Equity | 10/15 | €398,927 | -€320,229 | -€719,157 | |
| Contributions | 10/11 | €681,100 | €681,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€282,173 | -€1,001,329 | -€719,157 | -254.9% |
| Amounts payable | 17/49 | €1,434,152 | €1,876,740 | +€442,588 | +30.9% |
| Amounts payable after more than one year | 17 | €1,110,000 | €1,110,000 | = | 0.0% |
| Financial debts | 170/4 | €1,110,000 | €1,110,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €280,395 | €374,843 | +€94,448 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €152,600 | €152,600 | = | 0.0% |
| Trade debts | 44 | €1,752 | €67,609 | +€65,857 | +3759.6% |
| Suppliers | 440/4 | €1,752 | €67,609 | +€65,857 | +3759.6% |
| Advances received on contracts in progress | 46 | - | €16,692 | +€16,692 | |
| Taxes, remuneration and social security | 45 | €16,843 | €28,759 | +€11,917 | +70.8% |
| Taxes | 450/3 | €5,801 | €14,536 | +€8,735 | +150.6% |
| Remuneration and social security | 454/9 | €11,042 | €14,223 | +€3,182 | +28.8% |
| Other amounts payable | 47/48 | €109,200 | €109,183 | -€17 | 0.0% |
| Accrued charges and deferred income | 492/3 | €43,757 | €391,897 | +€348,140 | +795.6% |
| Remuneration, social security and pensions | 62 | €80,359 | €134,800 | +€54,440 | +67.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,675 | €562,920 | +€557,245 | +9819.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€75 | €0 | +€75 | |
| Other operating charges | 640/8 | €1,161 | €130 | -€1,031 | -88.8% |
| Non-recurring operating charges | 66A | €12,000 | - | -€12,000 | |
| Gross operating margin | 9900 | €84,034 | €27,595 | -€56,438 | -67.2% |
| Operating profit (loss) | 9901 | -€15,086 | -€670,254 | -€655,168 | -4342.8% |
| Financial income | 75/76B | €6,377 | €0 | -€6,377 | -100.0% |
| Recurring financial income | 75 | €6,377 | €0 | -€6,377 | -100.0% |
| Financial charges | 65/66B | €44,307 | €48,501 | +€4,194 | +9.5% |
| Recurring financial charges | 65 | €44,307 | €48,501 | +€4,194 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | -€53,016 | -€718,755 | -€665,739 | -1255.7% |
| Income taxes | 67/77 | - | €401 | +€401 | |
| Profit (loss) for the period | 9904 | -€53,016 | -€719,157 | -€666,140 | -1256.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,016 | -€719,157 | -€666,140 | -1256.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.