Velox Management: what changed
Velox Management
Largest movements
- Tangible fixed assets +€54,681
up €54,681 (+256%), from €21,344 to €76,024
of which Furniture and vehicles: +€55,112
- Receivables within one year +€37,341
up €37,341 (+100.0%), from €37,352 to €74,693
of which Trade receivables: +€36,016
- Cash -€34,945
down €34,945 (-13.8%), from €253,052 to €218,107
mainly Contributions, distributions and other (-€154,597) and Investment in fixed assets (net) (-€63,202)
- Current investments +€26,980
new in 2025: €26,980
- Other debts +€52,867
up €52,867 (+27.4%), from €192,879 to €245,746
- Debts after one year +€31,543
new in 2025: €31,543
- Current portion of long-term debt +€10,808
new in 2025: €10,808
- Tax, wage and social debts -€7,021
down €7,021 (-29.2%), from €24,056 to €17,035
- Gross operating margin +€58,441
up €58,441 (+40.9%), from €142,822 to €201,263
- Financial income -€21,373
down €21,373 (-74.6%), from €28,634 to €7,261
- Taxes +€14,466
up €14,466 (+48.6%), from €29,792 to €44,258
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €312,573 | €397,857 | +€85,284 | +27.3% |
| Fixed assets | 21/28 | €21,344 | €76,024 | +€54,681 | +256% |
| Tangible fixed assets | 22/27 | €21,344 | €76,024 | +€54,681 | +256% |
| Plant, machinery and equipment | 23 | €528 | €97 | -€432 | -81.7% |
| Furniture and vehicles | 24 | €20,815 | €75,928 | +€55,112 | +265% |
| Current assets | 29/58 | €291,229 | €321,832 | +€30,603 | +10.5% |
| Amounts receivable within one year | 40/41 | €37,352 | €74,693 | +€37,341 | +100.0% |
| Trade receivables | 40 | €26,965 | €62,980 | +€36,016 | +134% |
| Other amounts receivable | 41 | €10,387 | €11,713 | +€1,326 | +12.8% |
| Current investments | 50/53 | - | €26,980 | +€26,980 | |
| Cash at bank and in hand | 54/58 | €253,052 | €218,107 | -€34,945 | -13.8% |
| Deferred charges and accrued income | 490/1 | €825 | €2,052 | +€1,227 | +149% |
| Total equity and liabilities | 10/49 | €312,573 | €397,857 | +€85,284 | +27.3% |
| Equity | 10/15 | €90,088 | €90,088 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,488 | €71,488 | = | 0.0% |
| Distributable reserves | 133 | €71,488 | €71,488 | = | 0.0% |
| Amounts payable | 17/49 | €222,485 | €307,769 | +€85,284 | +38.3% |
| Amounts payable after more than one year | 17 | - | €31,543 | +€31,543 | |
| Financial debts | 170/4 | - | €31,543 | +€31,543 | |
| Amounts payable within one year | 42/48 | €222,485 | €275,933 | +€53,448 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | - | €10,808 | +€10,808 | |
| Trade debts | 44 | €5,550 | €2,345 | -€3,205 | -57.8% |
| Suppliers | 440/4 | €5,550 | €2,345 | -€3,205 | -57.8% |
| Taxes, remuneration and social security | 45 | €24,056 | €17,035 | -€7,021 | -29.2% |
| Taxes | 450/3 | €24,056 | €17,035 | -€7,021 | -29.2% |
| Other amounts payable | 47/48 | €192,879 | €245,746 | +€52,867 | +27.4% |
| Accrued charges and deferred income | 492/3 | - | €292 | +€292 | |
| Non-recurring operating income | 76A | - | €497 | +€497 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,133 | €8,521 | -€1,612 | -15.9% |
| Other operating charges | 640/8 | €766 | €465 | -€301 | -39.3% |
| Gross operating margin | 9900 | €142,822 | €201,263 | +€58,441 | +40.9% |
| Operating profit (loss) | 9901 | €131,923 | €192,277 | +€60,354 | +45.7% |
| Financial income | 75/76B | €28,634 | €7,261 | -€21,373 | -74.6% |
| Recurring financial income | 75 | €28,634 | €7,261 | -€21,373 | -74.6% |
| Financial charges | 65/66B | €118 | €683 | +€565 | +480% |
| Recurring financial charges | 65 | €118 | €683 | +€565 | +480% |
| Profit (loss) for the period before taxes | 9903 | €160,439 | €198,855 | +€38,416 | +23.9% |
| Income taxes | 67/77 | €29,792 | €44,258 | +€14,466 | +48.6% |
| Profit (loss) for the period | 9904 | €130,647 | €154,597 | +€23,951 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €130,647 | €154,597 | +€23,951 | +18.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.