VELOSOFY: 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.
VELOSOFY
Largest movements
- Cash +€44,412
up €44,412 (+39.4%), from €112,640 to €157,052
mainly Net result for the year (+€107,141) and Tax, wage and social debts (+€30,748)
- Deferred charges and accrued income +€6,400
new in 2025: €6,400
- Tangible fixed assets +€3,145
up €3,145 (+72.1%), from €4,362 to €7,506
of which Plant, machinery and equipment: +€3,690
- Tax, wage and social debts +€30,748
up €30,748 (+1136.8%), from €2,705 to €33,453
- Other debts +€25,970
up €25,970 (+32.8%), from €79,124 to €105,094
- Trade debts -€4,680
down €4,680 (-98.7%), from €4,741 to €61
- Gross operating margin +€106,840
up €106,840 (+309.3%), from €34,543 to €141,384
- Taxes +€22,956
up €22,956 (+322.3%), from €7,122 to €30,079
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 | €123,486 | €175,802 | +€52,316 | +42.4% |
| Fixed assets | 21/28 | €4,684 | €7,829 | +€3,145 | +67.1% |
| Tangible fixed assets | 22/27 | €4,362 | €7,506 | +€3,145 | +72.1% |
| Plant, machinery and equipment | 23 | €3,362 | €7,052 | +€3,690 | +109.8% |
| Furniture and vehicles | 24 | €1,000 | €455 | -€545 | -54.5% |
| Financial fixed assets | 28 | €323 | €323 | = | 0.0% |
| Current assets | 29/58 | €118,802 | €167,973 | +€49,171 | +41.4% |
| Amounts receivable within one year | 40/41 | €6,161 | €4,520 | -€1,641 | -26.6% |
| Trade receivables | 40 | €6,161 | €4,520 | -€1,641 | -26.6% |
| Cash at bank and in hand | 54/58 | €112,640 | €157,052 | +€44,412 | +39.4% |
| Deferred charges and accrued income | 490/1 | - | €6,400 | +€6,400 | |
| Total equity and liabilities | 10/49 | €123,486 | €175,802 | +€52,316 | +42.4% |
| Equity | 10/15 | €36,916 | €37,193 | +€277 | +0.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,916 | €36,193 | +€277 | +0.8% |
| Amounts payable | 17/49 | €86,570 | €138,609 | +€52,039 | +60.1% |
| Amounts payable within one year | 42/48 | €86,570 | €138,609 | +€52,039 | +60.1% |
| Trade debts | 44 | €4,741 | €61 | -€4,680 | -98.7% |
| Suppliers | 440/4 | €4,741 | €61 | -€4,680 | -98.7% |
| Taxes, remuneration and social security | 45 | €2,705 | €33,453 | +€30,748 | +1136.8% |
| Taxes | 450/3 | €2,705 | €33,453 | +€30,748 | +1136.8% |
| Other amounts payable | 47/48 | €79,124 | €105,094 | +€25,970 | +32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,859 | €3,918 | +€1,059 | +37.0% |
| Other operating charges | 640/8 | €179 | €144 | -€34 | -19.3% |
| Gross operating margin | 9900 | €34,543 | €141,384 | +€106,840 | +309.3% |
| Operating profit (loss) | 9901 | €31,506 | €137,321 | +€105,815 | +335.9% |
| Financial charges | 65/66B | €50 | €102 | +€52 | +103.8% |
| Recurring financial charges | 65 | €50 | €102 | +€52 | +103.8% |
| Profit (loss) for the period before taxes | 9903 | €31,456 | €137,220 | +€105,764 | +336.2% |
| Income taxes | 67/77 | €7,122 | €30,079 | +€22,956 | +322.3% |
| Profit (loss) for the period | 9904 | €24,334 | €107,141 | +€82,807 | +340.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,334 | €107,141 | +€82,807 | +340.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.