VELOVILLE: 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.
VELOVILLE
Largest movements
- Cash -€31,520
down €31,520 (-49.6%), from €63,549 to €32,029
mainly Debts after one year (-€37,525) and Receivables within one year (-€29,350)
- Receivables within one year +€29,350
up €29,350 (+301%), from €9,759 to €39,109
of which Other amounts receivable: +€32,314
- Stocks and contracts +€17,996
up €17,996 (+10.0%), from €179,757 to €197,753
- Tangible fixed assets -€7,068
down €7,068 (-19.7%), from €35,855 to €28,787
of which Other tangible fixed assets: -€6,598
- Profit (loss) carried forward +€44,238
up €44,238 (+28.9%), from €152,872 to €197,110
- Debts after one year -€37,525
down €37,525 (-100%), from €37,525 to €0
- Other debts +€4,833
up €4,833 (+59.6%), from €8,104 to €12,937
- Current portion of long-term debt -€4,640
down €4,640 (-32.5%), from €14,284 to €9,644
- Staff costs +€24,235
up €24,235 (+31.2%), from €77,719 to €101,954
- Gross operating margin +€15,377
up €15,377 (+9.6%), from €159,862 to €175,238
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 | €297,245 | €305,020 | +€7,775 | +2.6% |
| Fixed assets | 21/28 | €43,262 | €35,636 | -€7,626 | -17.6% |
| Intangible fixed assets | 21 | €657 | €99 | -€558 | -84.9% |
| Tangible fixed assets | 22/27 | €35,855 | €28,787 | -€7,068 | -19.7% |
| Plant, machinery and equipment | 23 | €1,317 | €221 | -€1,096 | -83.3% |
| Furniture and vehicles | 24 | €626 | €1,252 | +€627 | +100% |
| Other tangible fixed assets | 26 | €33,912 | €27,314 | -€6,598 | -19.5% |
| Financial fixed assets | 28 | €6,750 | €6,750 | = | 0.0% |
| Current assets | 29/58 | €253,983 | €269,384 | +€15,401 | +6.1% |
| Stocks and contracts in progress | 3 | €179,757 | €197,753 | +€17,996 | +10.0% |
| Stocks | 30/36 | €179,757 | €197,753 | +€17,996 | +10.0% |
| Amounts receivable within one year | 40/41 | €9,759 | €39,109 | +€29,350 | +301% |
| Trade receivables | 40 | €9,456 | €6,491 | -€2,965 | -31.4% |
| Other amounts receivable | 41 | €303 | €32,617 | +€32,314 | +10,669% |
| Cash at bank and in hand | 54/58 | €63,549 | €32,029 | -€31,520 | -49.6% |
| Deferred charges and accrued income | 490/1 | €918 | €493 | -€426 | -46.4% |
| Total equity and liabilities | 10/49 | €297,245 | €305,020 | +€7,775 | +2.6% |
| Equity | 10/15 | €182,872 | €227,110 | +€44,238 | +24.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,872 | €197,110 | +€44,238 | +28.9% |
| Amounts payable | 17/49 | €114,373 | €77,910 | -€36,463 | -31.9% |
| Amounts payable after more than one year | 17 | €37,525 | €0 | -€37,525 | -100% |
| Financial debts | 170/4 | €37,525 | €0 | -€37,525 | -100% |
| Amounts payable within one year | 42/48 | €75,259 | €76,321 | +€1,062 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €14,284 | €9,644 | -€4,640 | -32.5% |
| Trade debts | 44 | €17,706 | €17,109 | -€597 | -3.4% |
| Suppliers | 440/4 | €17,706 | €17,109 | -€597 | -3.4% |
| Advances received on contracts in progress | 46 | €108 | €0 | -€108 | -100% |
| Taxes, remuneration and social security | 45 | €35,057 | €36,631 | +€1,574 | +4.5% |
| Taxes | 450/3 | €27,475 | €24,288 | -€3,187 | -11.6% |
| Remuneration and social security | 454/9 | €7,582 | €12,343 | +€4,761 | +62.8% |
| Other amounts payable | 47/48 | €8,104 | €12,937 | +€4,833 | +59.6% |
| Accrued charges and deferred income | 492/3 | €1,589 | €1,589 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €77,719 | €101,954 | +€24,235 | +31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,385 | €8,410 | +€25 | +0.3% |
| Other operating charges | 640/8 | €3,944 | €4,323 | +€379 | +9.6% |
| Gross operating margin | 9900 | €159,862 | €175,238 | +€15,377 | +9.6% |
| Operating profit (loss) | 9901 | €69,814 | €60,551 | -€9,262 | -13.3% |
| Financial income | 75/76B | €476 | €1,672 | +€1,196 | +251% |
| Recurring financial income | 75 | €476 | €1,672 | +€1,196 | +251% |
| Financial charges | 65/66B | €3,366 | €1,886 | -€1,480 | -44.0% |
| Recurring financial charges | 65 | €3,366 | €1,886 | -€1,480 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €66,923 | €60,337 | -€6,586 | -9.8% |
| Income taxes | 67/77 | €14,725 | €16,099 | +€1,374 | +9.3% |
| Profit (loss) for the period | 9904 | €52,198 | €44,238 | -€7,960 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €52,198 | €44,238 | -€7,960 | -15.2% |
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 29 October 2026 via checked.be.