VeloTom: 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.
VeloTom
Largest movements
- Stocks and contracts +€28,883
up €28,883 (+16.1%), from €178,898 to €207,780
- Receivables within one year +€7,297
up €7,297 (+5,043%), from €145 to €7,441
of which Other amounts receivable: +€4,104
- Reserves +€20,773
up €20,773 (+137%), from €15,200 to €35,973
- Other debts -€11,022
down €11,022 (-6.7%), from €163,710 to €152,687
- Trade debts +€9,900
up €9,900 (+235%), from €4,210 to €14,110
- Tax, wage and social debts +€8,001
up €8,001 (+93.1%), from €8,596 to €16,597
- Short-term financial debts +€5,882
new in 2025: €5,882
- Gross operating margin +€5,883
up €5,883 (+24.8%), from €23,692 to €29,575
- Taxes +€1,324
up €1,324 (+29.0%), from €4,572 to €5,896
- Financial income +€753
up €753 (+85.9%), from €877 to €1,630
- Other operating charges -€448
down €448 (-55.2%), from €812 to €363
- Financial charges +€419
up €419 (+22.3%), from €1,875 to €2,294
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.
Derived cash bridge
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 | €194,715 | €228,248 | +€33,533 | +17.2% |
| Fixed assets | 21/28 | €3,753 | €1,874 | -€1,879 | -50.1% |
| Tangible fixed assets | 22/27 | €3,753 | €1,874 | -€1,879 | -50.1% |
| Plant, machinery and equipment | 23 | €1,872 | €935 | -€937 | -50.1% |
| Furniture and vehicles | 24 | €1,881 | €939 | -€942 | -50.1% |
| Current assets | 29/58 | €190,962 | €226,374 | +€35,412 | +18.5% |
| Stocks and contracts in progress | 3 | €178,898 | €207,780 | +€28,883 | +16.1% |
| Stocks | 30/36 | €178,898 | €207,780 | +€28,883 | +16.1% |
| Amounts receivable within one year | 40/41 | €145 | €7,441 | +€7,297 | +5,043% |
| Trade receivables | 40 | €145 | €3,337 | +€3,192 | +2,206% |
| Other amounts receivable | 41 | - | €4,104 | +€4,104 | |
| Cash at bank and in hand | 54/58 | €11,920 | €11,153 | -€767 | -6.4% |
| Total equity and liabilities | 10/49 | €194,715 | €228,248 | +€33,533 | +17.2% |
| Equity | 10/15 | €18,200 | €38,973 | +€20,773 | +114% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €15,200 | €35,973 | +€20,773 | +137% |
| Distributable reserves | 133 | €15,200 | €35,973 | +€20,773 | +137% |
| Amounts payable | 17/49 | €176,516 | €189,275 | +€12,760 | +7.2% |
| Amounts payable within one year | 42/48 | €176,516 | €189,275 | +€12,760 | +7.2% |
| Financial debts | 43 | - | €5,882 | +€5,882 | |
| Credit institutions | 430/8 | - | €5,882 | +€5,882 | |
| Trade debts | 44 | €4,210 | €14,110 | +€9,900 | +235% |
| Suppliers | 440/4 | €4,210 | €14,110 | +€9,900 | +235% |
| Taxes, remuneration and social security | 45 | €8,596 | €16,597 | +€8,001 | +93.1% |
| Taxes | 450/3 | €8,596 | €16,597 | +€8,001 | +93.1% |
| Other amounts payable | 47/48 | €163,710 | €152,687 | -€11,022 | -6.7% |
| Remuneration, social security and pensions | 62 | €227 | - | -€227 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,884 | €1,879 | -€5 | -0.3% |
| Other operating charges | 640/8 | €812 | €363 | -€448 | -55.2% |
| Gross operating margin | 9900 | €23,692 | €29,575 | +€5,883 | +24.8% |
| Operating profit (loss) | 9901 | €20,769 | €27,333 | +€6,563 | +31.6% |
| Financial income | 75/76B | €877 | €1,630 | +€753 | +85.9% |
| Recurring financial income | 75 | €877 | €1,630 | +€753 | +85.9% |
| Financial charges | 65/66B | €1,875 | €2,294 | +€419 | +22.3% |
| Recurring financial charges | 65 | €1,875 | €2,294 | +€419 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €19,771 | €26,669 | +€6,897 | +34.9% |
| Income taxes | 67/77 | €4,572 | €5,896 | +€1,324 | +29.0% |
| Profit (loss) for the period | 9904 | €15,200 | €20,773 | +€5,574 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,200 | €20,773 | +€5,574 | +36.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.