VELTRIMMO: 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.
VELTRIMMO
Largest movements
- Tangible fixed assets -€14,568
down €14,568 (-3.9%), from €377,692 to €363,125
of which Land and buildings: -€25,482
- Cash -€10,461
down €10,461 (-47.3%), from €22,135 to €11,674
mainly Debts after one year (-€34,813) and Investment in fixed assets (net) (-€23,693)
- Receivables within one year +€8,940
up €8,940 (+271.1%), from €3,298 to €12,238
- Debts after one year -€34,813
down €34,813 (-12.7%), from €274,626 to €239,813
- Profit (loss) carried forward +€12,325
up €12,325 (+27.1%), from -€45,563 to -€33,238
- Trade debts +€9,391
up €9,391 (+616.5%), from €1,523 to €10,914
- Gross operating margin +€9,105
up €9,105 (+16.2%), from €56,147 to €65,252
- Other operating charges +€2,963
up €2,963 (+63.3%), from €4,678 to €7,642
- Depreciation +€1,212
up €1,212 (+3.3%), from €37,048 to €38,260
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 | €405,022 | €387,383 | -€17,639 | -4.4% |
| Fixed assets | 21/28 | €377,692 | €363,125 | -€14,568 | -3.9% |
| Tangible fixed assets | 22/27 | €377,692 | €363,125 | -€14,568 | -3.9% |
| Land and buildings | 22 | €377,692 | €352,211 | -€25,482 | -6.7% |
| Assets under construction and advance payments | 27 | - | €10,914 | +€10,914 | |
| Current assets | 29/58 | €27,330 | €24,258 | -€3,072 | -11.2% |
| Amounts receivable within one year | 40/41 | €3,298 | €12,238 | +€8,940 | +271.1% |
| Trade receivables | 40 | €3,298 | €12,238 | +€8,940 | +271.1% |
| Cash at bank and in hand | 54/58 | €22,135 | €11,674 | -€10,461 | -47.3% |
| Deferred charges and accrued income | 490/1 | €1,897 | €347 | -€1,550 | -81.7% |
| Total equity and liabilities | 10/49 | €405,022 | €387,383 | -€17,639 | -4.4% |
| Equity | 10/15 | €25,937 | €38,262 | +€12,325 | +47.5% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €6,500 | €6,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,563 | -€33,238 | +€12,325 | +27.1% |
| Amounts payable | 17/49 | €379,086 | €349,122 | -€29,964 | -7.9% |
| Amounts payable after more than one year | 17 | €274,626 | €239,813 | -€34,813 | -12.7% |
| Financial debts | 170/4 | €274,626 | €239,813 | -€34,813 | -12.7% |
| Amounts payable within one year | 42/48 | €104,460 | €109,308 | +€4,848 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €34,031 | €34,813 | +€781 | +2.3% |
| Financial debts | 43 | €2,700 | €0 | -€2,700 | -100.0% |
| Credit institutions | 430/8 | €2,700 | €0 | -€2,700 | -100.0% |
| Trade debts | 44 | €1,523 | €10,914 | +€9,391 | +616.5% |
| Suppliers | 440/4 | €1,523 | €10,914 | +€9,391 | +616.5% |
| Other amounts payable | 47/48 | €66,205 | €63,581 | -€2,624 | -4.0% |
| Non-recurring operating income | 76A | €18,117 | €0 | -€18,117 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,048 | €38,260 | +€1,212 | +3.3% |
| Other operating charges | 640/8 | €4,678 | €7,642 | +€2,963 | +63.3% |
| Gross operating margin | 9900 | €56,147 | €65,252 | +€9,105 | +16.2% |
| Operating profit (loss) | 9901 | €14,420 | €19,349 | +€4,929 | +34.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €7,596 | €7,024 | -€572 | -7.5% |
| Recurring financial charges | 65 | €7,596 | €7,024 | -€572 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €6,825 | €12,325 | +€5,500 | +80.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €6,825 | €12,325 | +€5,500 | +80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,825 | €12,325 | +€5,500 | +80.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.