VELTIOSI: what changed
Two fiscal 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.
VELTIOSI
Largest movements
- Receivables within one year +€928,923
new in 2025: €928,923
of which Trade receivables: +€885,089
- Tangible fixed assets -€11,576
down €11,576 (-18.7%), from €61,803 to €50,227
- Other debts +€808,875
up €808,875 (+1319.1%), from €61,319 to €870,194
- Trade debts +€41,693
up €41,693 (+1432.2%), from €2,911 to €44,604
- Tax, wage and social debts +€34,832
up €34,832 (+332.6%), from €10,474 to €45,306
of which Taxes: +€34,412
- Reserves +€24,755
up €24,755 (+116.4%), from €21,265 to €46,020
- Gross operating margin +€16,848
up €16,848 (+54.7%), from €30,821 to €47,669
- Depreciation +€9,708
up €9,708 (+252.6%), from €3,843 to €13,551
- Taxes +€4,135
up €4,135 (+75.2%), from €5,500 to €9,635
- Financial income +€482
up €482 (+4251.8%), from €11 to €493
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 | €105,969 | €1,016,123 | +€910,154 | +858.9% |
| Fixed assets | 21/28 | €62,303 | €50,727 | -€11,576 | -18.6% |
| Tangible fixed assets | 22/27 | €61,803 | €50,227 | -€11,576 | -18.7% |
| Furniture and vehicles | 24 | €61,803 | €50,227 | -€11,576 | -18.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €43,666 | €965,396 | +€921,730 | +2110.9% |
| Amounts receivable within one year | 40/41 | - | €928,923 | +€928,923 | |
| Trade receivables | 40 | - | €885,089 | +€885,089 | |
| Other amounts receivable | 41 | - | €43,834 | +€43,834 | |
| Cash at bank and in hand | 54/58 | €42,307 | €35,119 | -€7,188 | -17.0% |
| Deferred charges and accrued income | 490/1 | €1,359 | €1,355 | -€5 | -0.4% |
| Total equity and liabilities | 10/49 | €105,969 | €1,016,123 | +€910,154 | +858.9% |
| Equity | 10/15 | €31,265 | €56,020 | +€24,755 | +79.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €21,265 | €46,020 | +€24,755 | +116.4% |
| Distributable reserves | 133 | €21,265 | €46,020 | +€24,755 | +116.4% |
| Amounts payable | 17/49 | €74,704 | €960,103 | +€885,399 | +1185.2% |
| Amounts payable within one year | 42/48 | €74,704 | €960,103 | +€885,399 | +1185.2% |
| Trade debts | 44 | €2,911 | €44,604 | +€41,693 | +1432.2% |
| Suppliers | 440/4 | €2,911 | €44,604 | +€41,693 | +1432.2% |
| Taxes, remuneration and social security | 45 | €10,474 | €45,306 | +€34,832 | +332.6% |
| Taxes | 450/3 | €8,944 | €43,356 | +€34,412 | +384.8% |
| Remuneration and social security | 454/9 | €1,530 | €1,950 | +€420 | +27.5% |
| Other amounts payable | 47/48 | €61,319 | €870,194 | +€808,875 | +1319.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,843 | €13,551 | +€9,708 | +252.6% |
| Other operating charges | 640/8 | €115 | €126 | +€11 | +9.6% |
| Gross operating margin | 9900 | €30,821 | €47,669 | +€16,848 | +54.7% |
| Operating profit (loss) | 9901 | €26,863 | €33,992 | +€7,129 | +26.5% |
| Financial income | 75/76B | €11 | €493 | +€482 | +4251.8% |
| Recurring financial income | 75 | €11 | €493 | +€482 | +4251.8% |
| Financial charges | 65/66B | €109 | €96 | -€13 | -11.8% |
| Recurring financial charges | 65 | €109 | €96 | -€13 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €26,765 | €34,389 | +€7,624 | +28.5% |
| Income taxes | 67/77 | €5,500 | €9,635 | +€4,135 | +75.2% |
| Profit (loss) for the period | 9904 | €21,265 | €24,755 | +€3,490 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,265 | €24,755 | +€3,490 | +16.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.