VELSTON: 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.
VELSTON
Largest movements
- Tangible fixed assets -€4,000
down €4,000 (-53.8%), from €7,430 to €3,430
- Cash -€3,184
down €3,184 (-30.5%), from €10,437 to €7,253
mainly Net result for the year (-€6,941) and Tax, wage and social debts (-€139)
- Profit (loss) carried forward -€6,941
down €6,941 (-41.1%), from €16,903 to €9,962
- Gross operating margin +€1,293
up €1,293 (+37.7%), from -€3,434 to -€2,141
- Other operating charges +€410
new in 2025: €410
- Financial charges +€237
up €237 (+154.9%), from €153 to €390
of which Non-recurring financial charges: +€237
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 | €19,459 | €12,309 | -€7,150 | -36.7% |
| Fixed assets | 21/28 | €7,581 | €3,581 | -€4,000 | -52.8% |
| Tangible fixed assets | 22/27 | €7,430 | €3,430 | -€4,000 | -53.8% |
| Furniture and vehicles | 24 | €7,430 | €3,430 | -€4,000 | -53.8% |
| Financial fixed assets | 28 | €151 | €151 | = | 0.0% |
| Current assets | 29/58 | €11,878 | €8,728 | -€3,150 | -26.5% |
| Amounts receivable within one year | 40/41 | €910 | €910 | = | 0.0% |
| Other amounts receivable | 41 | €910 | €910 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,437 | €7,253 | -€3,184 | -30.5% |
| Deferred charges and accrued income | 490/1 | €531 | €565 | +€34 | +6.4% |
| Total equity and liabilities | 10/49 | €19,459 | €12,309 | -€7,150 | -36.7% |
| Equity | 10/15 | €18,403 | €11,462 | -€6,941 | -37.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,903 | €9,962 | -€6,941 | -41.1% |
| Amounts payable | 17/49 | €1,056 | €847 | -€209 | -19.8% |
| Amounts payable within one year | 42/48 | €1,056 | €847 | -€209 | -19.8% |
| Trade debts | 44 | €729 | €659 | -€70 | -9.6% |
| Suppliers | 440/4 | €729 | €659 | -€70 | -9.6% |
| Taxes, remuneration and social security | 45 | €327 | €188 | -€139 | -42.5% |
| Taxes | 450/3 | €327 | €188 | -€139 | -42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,000 | €4,000 | = | 0.0% |
| Other operating charges | 640/8 | - | €410 | +€410 | |
| Gross operating margin | 9900 | -€3,434 | -€2,141 | +€1,293 | +37.7% |
| Operating profit (loss) | 9901 | -€7,434 | -€6,551 | +€883 | +11.9% |
| Financial charges | 65/66B | €153 | €390 | +€237 | +154.9% |
| Recurring financial charges | 65 | €153 | €153 | = | 0.0% |
| Non-recurring financial charges | 66B | - | €237 | +€237 | |
| Profit (loss) for the period before taxes | 9903 | -€7,587 | -€6,941 | +€646 | +8.5% |
| Profit (loss) for the period | 9904 | -€7,587 | -€6,941 | +€646 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,587 | -€6,941 | +€646 | +8.5% |
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 12 October 2026 via checked.be.