VELOTRIL: 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.
VELOTRIL
Largest movements
- Tangible fixed assets -€30,713
down €30,713 (-10.0%), from €306,526 to €275,813
- Stocks and contracts +€8,197
up €8,197 (+2.2%), from €369,819 to €378,016
- Receivables within one year -€8,026
down €8,026 (-26.8%), from €29,899 to €21,873
- Debts after one year -€30,000
down €30,000 (-6.3%), from €478,614 to €448,614
of which Financial debts: -€30,000
- Trade debts -€18,912
down €18,912 (-20.0%), from €94,712 to €75,800
- Profit (loss) carried forward +€12,169
up €12,169 (+4.2%), from -€287,195 to -€275,026
- Gross operating margin -€18,960
down €18,960 (-14.3%), from €132,932 to €113,972
- Depreciation -€15,870
down €15,870 (-34.1%), from €46,583 to €30,713
- Financial charges -€6,247
down €6,247 (-37.0%), from €16,883 to €10,636
- Staff costs -€4,931
down €4,931 (-8.2%), from €60,080 to €55,149
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 | €712,716 | €682,087 | -€30,630 | -4.3% |
| Fixed assets | 21/28 | €310,286 | €279,573 | -€30,713 | -9.9% |
| Tangible fixed assets | 22/27 | €306,526 | €275,813 | -€30,713 | -10.0% |
| Land and buildings | 22 | €275,112 | €261,863 | -€13,249 | -4.8% |
| Plant, machinery and equipment | 23 | €14,431 | - | -€14,431 | |
| Furniture and vehicles | 24 | €16,983 | €13,950 | -€3,033 | -17.9% |
| Financial fixed assets | 28 | €3,760 | €3,760 | = | 0.0% |
| Current assets | 29/58 | €402,431 | €402,514 | +€83 | 0.0% |
| Stocks and contracts in progress | 3 | €369,819 | €378,016 | +€8,197 | +2.2% |
| Stocks | 30/36 | €369,819 | €378,016 | +€8,197 | +2.2% |
| Amounts receivable within one year | 40/41 | €29,899 | €21,873 | -€8,026 | -26.8% |
| Trade receivables | 40 | €29,899 | €21,873 | -€8,026 | -26.8% |
| Cash at bank and in hand | 54/58 | €629 | €473 | -€156 | -24.8% |
| Deferred charges and accrued income | 490/1 | €2,083 | €2,152 | +€69 | +3.3% |
| Total equity and liabilities | 10/49 | €712,716 | €682,087 | -€30,630 | -4.3% |
| Equity | 10/15 | -€87,195 | -€75,026 | +€12,169 | +14.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€287,195 | -€275,026 | +€12,169 | +4.2% |
| Amounts payable | 17/49 | €799,912 | €757,113 | -€42,798 | -5.4% |
| Amounts payable after more than one year | 17 | €478,614 | €448,614 | -€30,000 | -6.3% |
| Financial debts | 170/4 | €418,508 | €388,508 | -€30,000 | -7.2% |
| Other amounts payable | 178/9 | €60,106 | €60,106 | = | 0.0% |
| Amounts payable within one year | 42/48 | €315,994 | €308,499 | -€7,494 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Financial debts | 43 | €119,663 | €125,287 | +€5,624 | +4.7% |
| Credit institutions | 430/8 | €119,663 | €125,287 | +€5,624 | +4.7% |
| Trade debts | 44 | €94,712 | €75,800 | -€18,912 | -20.0% |
| Suppliers | 440/4 | €94,712 | €75,800 | -€18,912 | -20.0% |
| Advances received on contracts in progress | 46 | €789 | - | -€789 | |
| Taxes, remuneration and social security | 45 | €18,833 | €25,239 | +€6,406 | +34.0% |
| Taxes | 450/3 | €12,832 | €8,083 | -€4,749 | -37.0% |
| Remuneration and social security | 454/9 | €6,001 | €17,156 | +€11,155 | +186% |
| Other amounts payable | 47/48 | €51,997 | €52,174 | +€176 | +0.3% |
| Accrued charges and deferred income | 492/3 | €5,304 | - | -€5,304 | |
| Remuneration, social security and pensions | 62 | €60,080 | €55,149 | -€4,931 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,583 | €30,713 | -€15,870 | -34.1% |
| Other operating charges | 640/8 | €4,227 | €4,470 | +€244 | +5.8% |
| Non-recurring operating charges | 66A | - | €851 | +€851 | |
| Gross operating margin | 9900 | €132,932 | €113,972 | -€18,960 | -14.3% |
| Operating profit (loss) | 9901 | €22,043 | €22,789 | +€746 | +3.4% |
| Financial income | 75/76B | €20 | €16 | -€4 | -18.3% |
| Recurring financial income | 75 | €20 | €16 | -€4 | -18.3% |
| Financial charges | 65/66B | €16,883 | €10,636 | -€6,247 | -37.0% |
| Recurring financial charges | 65 | €16,883 | €10,636 | -€6,247 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €5,180 | €12,169 | +€6,989 | +135% |
| Profit (loss) for the period | 9904 | €5,180 | €12,169 | +€6,989 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €5,180 | €12,169 | +€6,989 | +135% |
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 17 October 2026 via checked.be.