VELOPHIL: 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.
VELOPHIL
Largest movements
- Cash +€173,017
up €173,017 (+187%), from €92,372 to €265,389
mainly Net result for the year (+€218,397) and Tax, wage and social debts (+€84,365)
- Receivables within one year -€43,357
down €43,357 (-22.7%), from €190,865 to €147,508
of which Trade receivables: -€43,447
- Stocks and contracts -€40,426
down €40,426 (-5.4%), from €744,213 to €703,787
- Reserves +€218,397
up €218,397 (+55.8%), from €391,192 to €609,589
of which Distributable reserves: +€218,397
- Trade debts -€193,590
down €193,590 (-82.5%), from €234,687 to €41,097
- Tax, wage and social debts +€84,365
up €84,365 (+52.8%), from €159,640 to €244,005
of which Taxes: +€99,432
- Other debts -€13,357
down €13,357 (-28.6%), from €46,662 to €33,305
- Gross operating margin +€281,956
up €281,956 (+53.9%), from €522,734 to €804,690
- Taxes +€103,990
up €103,990 (+1,408%), from €7,385 to €111,375
- Staff costs -€12,609
down €12,609 (-2.7%), from €473,041 to €460,432
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,069,095 | €1,164,909 | +€95,814 | +9.0% |
| Fixed assets | 21/28 | €41,581 | €48,004 | +€6,422 | +15.4% |
| Tangible fixed assets | 22/27 | €15,981 | €22,404 | +€6,422 | +40.2% |
| Other tangible fixed assets | 26 | €15,981 | €22,404 | +€6,422 | +40.2% |
| Financial fixed assets | 28 | €25,600 | €25,600 | = | 0.0% |
| Current assets | 29/58 | €1,027,513 | €1,116,905 | +€89,392 | +8.7% |
| Stocks and contracts in progress | 3 | €744,213 | €703,787 | -€40,426 | -5.4% |
| Stocks | 30/36 | €744,213 | €703,787 | -€40,426 | -5.4% |
| Amounts receivable within one year | 40/41 | €190,865 | €147,508 | -€43,357 | -22.7% |
| Trade receivables | 40 | €137,493 | €94,046 | -€43,447 | -31.6% |
| Other amounts receivable | 41 | €53,372 | €53,462 | +€90 | +0.2% |
| Cash at bank and in hand | 54/58 | €92,372 | €265,389 | +€173,017 | +187% |
| Deferred charges and accrued income | 490/1 | €64 | €221 | +€158 | +247% |
| Total equity and liabilities | 10/49 | €1,069,095 | €1,164,909 | +€95,814 | +9.0% |
| Equity | 10/15 | €503,105 | €721,503 | +€218,397 | +43.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €391,192 | €609,589 | +€218,397 | +55.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €389,332 | €607,729 | +€218,397 | +56.1% |
| Profit (loss) carried forward | 14 | €99,513 | €99,513 | = | 0.0% |
| Amounts payable | 17/49 | €565,989 | €443,406 | -€122,583 | -21.7% |
| Amounts payable within one year | 42/48 | €565,989 | €443,406 | -€122,583 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Other loans | 439 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €234,687 | €41,097 | -€193,590 | -82.5% |
| Suppliers | 440/4 | €234,687 | €41,097 | -€193,590 | -82.5% |
| Taxes, remuneration and social security | 45 | €159,640 | €244,005 | +€84,365 | +52.8% |
| Taxes | 450/3 | €111,912 | €211,344 | +€99,432 | +88.8% |
| Remuneration and social security | 454/9 | €47,728 | €32,661 | -€15,067 | -31.6% |
| Other amounts payable | 47/48 | €46,662 | €33,305 | -€13,357 | -28.6% |
| Remuneration, social security and pensions | 62 | €473,041 | €460,432 | -€12,609 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,864 | €2,054 | +€190 | +10.2% |
| Other operating charges | 640/8 | €461 | €1,133 | +€672 | +146% |
| Non-recurring operating charges | 66A | €9,900 | €1 | -€9,899 | -100.0% |
| Gross operating margin | 9900 | €522,734 | €804,690 | +€281,956 | +53.9% |
| Operating profit (loss) | 9901 | €37,469 | €341,071 | +€303,602 | +810% |
| Financial charges | 65/66B | €16,776 | €11,298 | -€5,477 | -32.7% |
| Recurring financial charges | 65 | €16,776 | €11,298 | -€5,477 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €20,693 | €329,772 | +€309,079 | +1,494% |
| Income taxes | 67/77 | €7,385 | €111,375 | +€103,990 | +1,408% |
| Profit (loss) for the period | 9904 | €13,308 | €218,397 | +€205,089 | +1,541% |
| Profit (loss) for the period to be appropriated | 9905 | €13,308 | €218,397 | +€205,089 | +1,541% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.