VELTEX: 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.
VELTEX
Largest movements
- Cash +€10,680
up €10,680 (+147.8%), from €7,226 to €17,906
mainly Net result for the year (+€10,570) and Trade debts (+€991)
- Profit (loss) carried forward +€10,570
up €10,570 (+44.7%), from -€23,626 to -€13,055
- Trade debts +€991
up €991 (+8.8%), from €11,254 to €12,245
- Tax, wage and social debts -€667
down €667 (-10.1%), from €6,570 to €5,903
of which Remuneration and social security: -€427
- Financial charges -€751
down €751 (-90.5%), from €830 to €79
- Staff costs +€571
up €571 (+2.1%), from €27,339 to €27,910
- Gross operating margin -€495
down €495 (-1.2%), from €39,647 to €39,151
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 | €13,300 | €24,199 | +€10,898 | +81.9% |
| Fixed assets | 21/28 | €2,858 | €2,858 | = | 0.0% |
| Financial fixed assets | 28 | €2,858 | €2,858 | = | 0.0% |
| Current assets | 29/58 | €10,443 | €21,341 | +€10,898 | +104.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €3,216 | €3,235 | +€18 | +0.6% |
| Trade receivables | 40 | €1,161 | €1,179 | +€18 | +1.6% |
| Other amounts receivable | 41 | €2,055 | €2,055 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,226 | €17,906 | +€10,680 | +147.8% |
| Deferred charges and accrued income | 490/1 | - | €200 | +€200 | |
| Total equity and liabilities | 10/49 | €13,300 | €24,199 | +€10,898 | +81.9% |
| Equity | 10/15 | -€4,536 | €6,035 | +€10,570 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €490 | €490 | = | 0.0% |
| Non-distributable reserves | 130/1 | €490 | €490 | = | 0.0% |
| Reserves not available under the articles | 1311 | €490 | €490 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,626 | -€13,055 | +€10,570 | +44.7% |
| Amounts payable | 17/49 | €17,836 | €18,164 | +€328 | +1.8% |
| Amounts payable within one year | 42/48 | €17,836 | €18,161 | +€325 | +1.8% |
| Financial debts | 43 | €12 | €13 | +€0 | +2.8% |
| Credit institutions | 430/8 | €12 | €13 | +€0 | +2.8% |
| Trade debts | 44 | €11,254 | €12,245 | +€991 | +8.8% |
| Suppliers | 440/4 | €11,254 | €12,245 | +€991 | +8.8% |
| Taxes, remuneration and social security | 45 | €6,570 | €5,903 | -€667 | -10.1% |
| Taxes | 450/3 | €821 | €582 | -€239 | -29.2% |
| Remuneration and social security | 454/9 | €5,749 | €5,321 | -€427 | -7.4% |
| Accrued charges and deferred income | 492/3 | - | €3 | +€3 | |
| Remuneration, social security and pensions | 62 | €27,339 | €27,910 | +€571 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €2,186 | €268 | -€1,919 | -87.8% |
| Gross operating margin | 9900 | €39,647 | €39,151 | -€495 | -1.2% |
| Operating profit (loss) | 9901 | €9,734 | €10,574 | +€840 | +8.6% |
| Financial income | 75/76B | €0 | €75 | +€75 | +35781.0% |
| Recurring financial income | 75 | €0 | €75 | +€75 | +35781.0% |
| Financial charges | 65/66B | €830 | €79 | -€751 | -90.5% |
| Recurring financial charges | 65 | €830 | €79 | -€751 | -90.5% |
| Profit (loss) for the period before taxes | 9903 | €8,904 | €10,570 | +€1,666 | +18.7% |
| Profit (loss) for the period | 9904 | €8,904 | €10,570 | +€1,666 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,904 | €10,570 | +€1,666 | +18.7% |
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 9 October 2026 via checked.be.