VELOSLIKO: 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.
VELOSLIKO
Largest movements
- Cash +€158,913
up €158,913 (+213%), from €74,768 to €233,680
mainly Stocks and contracts (+€68,631) and Receivables within one year (+€57,889)
- Stocks and contracts -€68,631
down €68,631 (-38.5%), from €178,212 to €109,582
- Receivables within one year -€57,889
down €57,889 (-61.4%), from €94,284 to €36,395
of which Trade receivables: -€56,292
- Tangible fixed assets -€46,139
down €46,139 (-8.5%), from €545,004 to €498,865
of which Land and buildings: -€35,305
- Trade debts -€61,596
down €61,596 (-94.6%), from €65,084 to €3,488
- Reserves +€56,537
up €56,537 (+95.8%), from €59,034 to €115,571
- Tax, wage and social debts +€17,029
up €17,029 (+84.7%), from €20,112 to €37,141
of which Taxes: +€16,641
- Debts after one year -€16,852
down €16,852 (-5.3%), from €317,509 to €300,657
of which Financial debts: -€18,892
- Gross operating margin +€63,983
up €63,983 (+62.5%), from €102,330 to €166,313
- Taxes +€18,582
up €18,582 (+646%), from €2,875 to €21,457
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 | €893,374 | €884,989 | -€8,385 | -0.9% |
| Fixed assets | 21/28 | €546,110 | €499,612 | -€46,499 | -8.5% |
| Intangible fixed assets | 21 | €1,107 | €747 | -€360 | -32.5% |
| Tangible fixed assets | 22/27 | €545,004 | €498,865 | -€46,139 | -8.5% |
| Land and buildings | 22 | €505,619 | €470,314 | -€35,305 | -7.0% |
| Plant, machinery and equipment | 23 | €16,460 | €11,821 | -€4,639 | -28.2% |
| Furniture and vehicles | 24 | €22,925 | €16,729 | -€6,195 | -27.0% |
| Current assets | 29/58 | €347,264 | €385,377 | +€38,113 | +11.0% |
| Stocks and contracts in progress | 3 | €178,212 | €109,582 | -€68,631 | -38.5% |
| Stocks | 30/36 | €178,212 | €109,582 | -€68,631 | -38.5% |
| Amounts receivable within one year | 40/41 | €94,284 | €36,395 | -€57,889 | -61.4% |
| Trade receivables | 40 | €89,358 | €33,066 | -€56,292 | -63.0% |
| Other amounts receivable | 41 | €4,925 | €3,329 | -€1,596 | -32.4% |
| Cash at bank and in hand | 54/58 | €74,768 | €233,680 | +€158,913 | +213% |
| Deferred charges and accrued income | 490/1 | €0 | €5,720 | +€5,720 | |
| Total equity and liabilities | 10/49 | €893,374 | €884,989 | -€8,385 | -0.9% |
| Equity | 10/15 | €79,034 | €135,571 | +€56,537 | +71.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €59,034 | €115,571 | +€56,537 | +95.8% |
| Distributable reserves | 133 | €59,034 | €115,571 | +€56,537 | +95.8% |
| Amounts payable | 17/49 | €814,340 | €749,418 | -€64,922 | -8.0% |
| Amounts payable after more than one year | 17 | €317,509 | €300,657 | -€16,852 | -5.3% |
| Financial debts | 170/4 | €317,509 | €298,617 | -€18,892 | -6.0% |
| Other amounts payable | 178/9 | - | €2,040 | +€2,040 | |
| Amounts payable within one year | 42/48 | €496,614 | €448,761 | -€47,853 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €18,686 | €18,892 | +€207 | +1.1% |
| Trade debts | 44 | €65,084 | €3,488 | -€61,596 | -94.6% |
| Suppliers | 440/4 | €65,084 | €3,488 | -€61,596 | -94.6% |
| Taxes, remuneration and social security | 45 | €20,112 | €37,141 | +€17,029 | +84.7% |
| Taxes | 450/3 | €4,997 | €21,638 | +€16,641 | +333% |
| Remuneration and social security | 454/9 | €15,115 | €15,503 | +€388 | +2.6% |
| Other amounts payable | 47/48 | €392,733 | €389,240 | -€3,493 | -0.9% |
| Accrued charges and deferred income | 492/3 | €217 | €0 | -€217 | -100% |
| Non-recurring operating income | 76A | €7,159 | €0 | -€7,159 | -100% |
| Remuneration, social security and pensions | 62 | €33,841 | €33,126 | -€716 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,850 | €50,530 | -€320 | -0.6% |
| Other operating charges | 640/8 | €4,170 | €4,159 | -€11 | -0.3% |
| Gross operating margin | 9900 | €102,330 | €166,313 | +€63,983 | +62.5% |
| Operating profit (loss) | 9901 | €13,469 | €78,498 | +€65,029 | +483% |
| Financial income | 75/76B | €4,086 | €3,885 | -€201 | -4.9% |
| Recurring financial income | 75 | €4,086 | €3,885 | -€201 | -4.9% |
| Financial charges | 65/66B | €5,715 | €4,389 | -€1,325 | -23.2% |
| Recurring financial charges | 65 | €5,715 | €4,389 | -€1,325 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €11,840 | €77,994 | +€66,154 | +559% |
| Income taxes | 67/77 | €2,875 | €21,457 | +€18,582 | +646% |
| Profit (loss) for the period | 9904 | €8,965 | €56,537 | +€47,572 | +531% |
| Profit (loss) for the period to be appropriated | 9905 | €8,965 | €56,537 | +€47,572 | +531% |
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 25 October 2026 via checked.be.