VELORIS BE: 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.
What changed
VELORIS BE
NACE 46.720, Wholesale of motor vehicle parts and accessories
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€98,696
2023 · €411,178-€312,482
Equity
€7.3m
2023 · €7.2m+€98,989
Cash
€3.8m
2023 · €3.1m+€771,097
Balance sheet total
€11.3m
2023 · €9.9m+€1.3m
Largest movements
Assets
- Stocks and contracts +€913,928
up €913,928 (+25.3%), from €3.6m to €4.5m
- Cash +€771,097
up €771,097 (+25.1%), from €3.1m to €3.8m
mainly Trade debts (+€1.1m) and Receivables within one year (+€395,739)
- Receivables within one year -€395,739
down €395,739 (-17.3%), from €2.3m to €1.9m
of which Trade receivables: -€400,452
Equity and liabilities
- Trade debts +€1.1m
up €1.1m (+50.0%), from €2.2m to €3.3m
- Tax, wage and social debts +€124,268
up €124,268 (+30.6%), from €406,702 to €530,970
of which Remuneration and social security: +€115,335
Income statement
- Turnover -€298,347
down €298,347 (-1.7%), from €17.3m to €17.0m
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.
Result 2023
€411,178
Turnover
-€298,347
Other operating income
+€54,430
Goods and materials
+€153,912
Services and other goods
-€86,268
Staff costs
-€107,971
Depreciation
-€25,106
Write-downs
-€119,444
Other operating charges
+€8,650
Other operating items
-€15,384
Financial income
+€26,250
Financial charges
+€5,884
Taxes
+€90,912
Result 2024
€98,696
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€927,199
Investment
-€156,395
Financing
+€293
Cash 2023
€3.1m
From operations (derived)
+€927,199
Net result for the year
+€98,696
Depreciation
+€93,015
Stocks and contracts
-€913,928
Receivables within one year
+€395,739
Deferred charges and accrued income
+€9,227
Trade debts
+€1.1m
Tax, wage and social debts
+€124,268
Other debts
+€28,933
Accrued charges and deferred income
+€4,758
Investment (derived)
-€156,395
Investment in fixed assets (net)
-€156,395
Financing
+€293
Contributions, distributions and other
+€293
Cash 2024
€3.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,949,141 | €11,292,580 | +€1.3m | +13.5% |
| Fixed assets | 21/28 | €915,097 | €978,477 | +€63,380 | +6.9% |
| Tangible fixed assets | 22/27 | €243,976 | €318,696 | +€74,720 | +30.6% |
| Plant, machinery and equipment | 23 | €13,448 | €15,500 | +€2,052 | +15.3% |
| Furniture and vehicles | 24 | €230,528 | €303,196 | +€72,668 | +31.5% |
| Financial fixed assets | 28 | €671,121 | €659,781 | -€11,340 | -1.7% |
| Affiliated companies | 280/1 | €586,814 | €586,814 | = | 0.0% |
| Participating interests | 280 | €586,814 | €586,814 | = | 0.0% |
| Other financial fixed assets | 284/8 | €84,306 | €72,966 | -€11,340 | -13.5% |
| Amounts receivable and cash guarantees | 285/8 | €84,306 | €72,966 | -€11,340 | -13.5% |
| Current assets | 29/58 | €9,034,044 | €10,314,103 | +€1.3m | +14.2% |
| Stocks and contracts in progress | 3 | €3,616,841 | €4,530,769 | +€913,928 | +25.3% |
| Stocks | 30/36 | €3,616,841 | €4,530,769 | +€913,928 | +25.3% |
| Raw materials and consumables | 30/31 | €17,155 | €18,120 | +€965 | +5.6% |
| Goods purchased for resale | 34 | €3,194,154 | €3,996,507 | +€802,352 | +25.1% |
| Advance payments | 36 | €405,532 | €516,143 | +€110,611 | +27.3% |
| Amounts receivable within one year | 40/41 | €2,292,634 | €1,896,894 | -€395,739 | -17.3% |
| Trade receivables | 40 | €2,061,425 | €1,660,972 | -€400,452 | -19.4% |
| Other amounts receivable | 41 | €231,209 | €235,922 | +€4,713 | +2.0% |
| Cash at bank and in hand | 54/58 | €3,072,780 | €3,843,877 | +€771,097 | +25.1% |
| Deferred charges and accrued income | 490/1 | €51,789 | €42,562 | -€9,227 | -17.8% |
| Total equity and liabilities | 10/49 | €9,949,141 | €11,292,580 | +€1.3m | +13.5% |
| Equity | 10/15 | €7,222,855 | €7,321,844 | +€98,989 | +1.4% |
| Contributions | 10/11 | €16,716 | €16,716 | = | 0.0% |
| Reserves | 13 | €7,206,138 | €7,305,128 | +€98,989 | +1.4% |
| Non-distributable reserves | 130/1 | €770 | €770 | = | 0.0% |
| Other | 1319 | €770 | €770 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,826 | €19,826 | = | 0.0% |
| Distributable reserves | 133 | €7,185,542 | €7,284,531 | +€98,989 | +1.4% |
| Amounts payable | 17/49 | €2,726,286 | €3,970,736 | +€1.2m | +45.6% |
| Amounts payable within one year | 42/48 | €2,596,168 | €3,835,859 | +€1.2m | +47.8% |
| Trade debts | 44 | €2,174,465 | €3,260,957 | +€1.1m | +50.0% |
| Suppliers | 440/4 | €2,174,465 | €3,260,957 | +€1.1m | +50.0% |
| Taxes, remuneration and social security | 45 | €406,702 | €530,970 | +€124,268 | +30.6% |
| Taxes | 450/3 | €99,618 | €108,551 | +€8,933 | +9.0% |
| Remuneration and social security | 454/9 | €307,084 | €422,419 | +€115,335 | +37.6% |
| Other amounts payable | 47/48 | €15,000 | €43,933 | +€28,933 | +193% |
| Accrued charges and deferred income | 492/3 | €130,119 | €134,877 | +€4,758 | +3.7% |
| Operating income | 70/76A | €18,417,592 | €18,185,936 | -€231,655 | -1.3% |
| Turnover | 70 | €17,338,834 | €17,040,487 | -€298,347 | -1.7% |
| Other operating income | 74 | €1,076,211 | €1,130,641 | +€54,430 | +5.1% |
| Non-recurring operating income | 76A | €2,547 | €14,808 | +€12,261 | +481% |
| Operating charges | 60/66A | €17,932,527 | €18,136,400 | +€203,873 | +1.1% |
| Goods for resale, raw materials and consumables | 60 | €13,308,835 | €13,154,923 | -€153,912 | -1.2% |
| Purchases | 600/8 | €12,077,428 | €13,973,916 | +€1.9m | +15.7% |
| Change in stocks: decrease (increase) | 609 | €1,231,407 | -€818,993 | -€2.1m | |
| Services and other goods | 61 | €2,501,973 | €2,588,241 | +€86,268 | +3.4% |
| Remuneration, social security and pensions | 62 | €1,947,914 | €2,055,885 | +€107,971 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,909 | €93,015 | +€25,106 | +37.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €40,365 | €159,810 | +€119,444 | +296% |
| Other operating charges | 640/8 | €27,878 | €19,228 | -€8,650 | -31.0% |
| Non-recurring operating charges | 66A | €37,653 | €65,298 | +€27,645 | +73.4% |
| Operating profit (loss) | 9901 | €485,064 | €49,536 | -€435,528 | -89.8% |
| Financial income | 75/76B | €168,303 | €194,553 | +€26,250 | +15.6% |
| Recurring financial income | 75 | €168,303 | €194,553 | +€26,250 | +15.6% |
| Income from financial fixed assets | 750 | - | €391 | +€391 | |
| Income from current assets | 751 | €168 | €950 | +€782 | +466% |
| Other financial income | 752/9 | €168,135 | €193,212 | +€25,077 | +14.9% |
| Financial charges | 65/66B | €83,748 | €77,863 | -€5,884 | -7.0% |
| Recurring financial charges | 65 | €83,748 | €77,863 | -€5,884 | -7.0% |
| Debt charges | 650 | €4,831 | €209 | -€4,622 | -95.7% |
| Other financial charges | 652/9 | €78,917 | €77,654 | -€1,263 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €569,619 | €166,226 | -€403,394 | -70.8% |
| Income taxes | 67/77 | €158,441 | €67,530 | -€90,912 | -57.4% |
| Taxes | 670/3 | €158,441 | €70,253 | -€88,188 | -55.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €2,724 | +€2,724 | |
| Profit (loss) for the period | 9904 | €411,178 | €98,696 | -€312,482 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €411,178 | €98,696 | -€312,482 | -76.0% |
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.