VELTIONAS: 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.
VELTIONAS
Largest movements
- Cash +€39,742
up €39,742 (+89.8%), from €44,239 to €83,982
mainly Net result for the year (+€23,066) and Depreciation (+€20,377)
- Tangible fixed assets -€20,377
down €20,377 (-13.0%), from €156,612 to €136,235
of which Furniture and vehicles: -€15,821
- Receivables within one year -€14,256
down €14,256 (-52.2%), from €27,305 to €13,049
of which Trade receivables: -€14,356
- Current investments +€3,000
up €3,000 (+6.8%), from €44,225 to €47,225
- Other debts +€16,450
up €16,450 (+33.0%), from €49,834 to €66,284
- Debts after one year -€12,162
down €12,162 (-22.1%), from €54,925 to €42,763
- Reserves +€6,140
up €6,140 (+5.2%), from €117,760 to €123,900
- Profit (loss) carried forward -€3,074
down €3,074 (-74.6%), from €4,124 to €1,049
- Gross operating margin -€2,444
down €2,444 (-4.0%), from €60,545 to €58,101
- Financial income +€1,508
up €1,508 (+128.0%), from €1,179 to €2,687
- Depreciation -€1,143
down €1,143 (-5.3%), from €21,520 to €20,377
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 | €273,336 | €281,514 | +€8,178 | +3.0% |
| Fixed assets | 21/28 | €156,612 | €136,235 | -€20,377 | -13.0% |
| Tangible fixed assets | 22/27 | €156,612 | €136,235 | -€20,377 | -13.0% |
| Land and buildings | 22 | €99,360 | €95,440 | -€3,920 | -3.9% |
| Plant, machinery and equipment | 23 | €1,673 | €1,038 | -€635 | -38.0% |
| Furniture and vehicles | 24 | €55,579 | €39,757 | -€15,821 | -28.5% |
| Current assets | 29/58 | €116,724 | €145,279 | +€28,555 | +24.5% |
| Amounts receivable within one year | 40/41 | €27,305 | €13,049 | -€14,256 | -52.2% |
| Trade receivables | 40 | €27,265 | €12,909 | -€14,356 | -52.7% |
| Other amounts receivable | 41 | €40 | €140 | +€100 | +250.8% |
| Current investments | 50/53 | €44,225 | €47,225 | +€3,000 | +6.8% |
| Cash at bank and in hand | 54/58 | €44,239 | €83,982 | +€39,742 | +89.8% |
| Deferred charges and accrued income | 490/1 | €955 | €1,024 | +€69 | +7.2% |
| Total equity and liabilities | 10/49 | €273,336 | €281,514 | +€8,178 | +3.0% |
| Equity | 10/15 | €140,484 | €143,549 | +€3,066 | +2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €117,760 | €123,900 | +€6,140 | +5.2% |
| Distributable reserves | 133 | €117,760 | €123,900 | +€6,140 | +5.2% |
| Profit (loss) carried forward | 14 | €4,124 | €1,049 | -€3,074 | -74.6% |
| Amounts payable | 17/49 | €132,853 | €137,965 | +€5,113 | +3.8% |
| Amounts payable after more than one year | 17 | €54,925 | €42,763 | -€12,162 | -22.1% |
| Financial debts | 170/4 | €54,925 | €42,763 | -€12,162 | -22.1% |
| Amounts payable within one year | 42/48 | €77,927 | €95,202 | +€17,275 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €12,005 | €12,162 | +€157 | +1.3% |
| Trade debts | 44 | €3,330 | €4,143 | +€813 | +24.4% |
| Suppliers | 440/4 | €3,330 | €4,143 | +€813 | +24.4% |
| Taxes, remuneration and social security | 45 | €12,758 | €12,613 | -€144 | -1.1% |
| Taxes | 450/3 | €12,758 | €12,613 | -€144 | -1.1% |
| Other amounts payable | 47/48 | €49,834 | €66,284 | +€16,450 | +33.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,520 | €20,377 | -€1,143 | -5.3% |
| Other operating charges | 640/8 | €1,746 | €1,793 | +€46 | +2.6% |
| Gross operating margin | 9900 | €60,545 | €58,101 | -€2,444 | -4.0% |
| Operating profit (loss) | 9901 | €37,279 | €35,932 | -€1,347 | -3.6% |
| Financial income | 75/76B | €1,179 | €2,687 | +€1,508 | +128.0% |
| Recurring financial income | 75 | €1,179 | €2,687 | +€1,508 | +128.0% |
| Financial charges | 65/66B | €5,184 | €5,081 | -€103 | -2.0% |
| Recurring financial charges | 65 | €5,184 | €5,081 | -€103 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €33,274 | €33,538 | +€264 | +0.8% |
| Income taxes | 67/77 | €10,314 | €10,472 | +€159 | +1.5% |
| Profit (loss) for the period | 9904 | €22,960 | €23,066 | +€105 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,960 | €23,066 | +€105 | +0.5% |
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.