VELU72194: 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.
VELU72194
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€59,914
down €59,914 (-75.5%), from €79,339 to €19,425
mainly Current investments (-€100,000) and Other debts (-€6,143)
- Reserves +€45,500
new in 2025: €45,500
- Other debts -€6,143
down €6,143 (-87.5%), from €7,023 to €880
- Tax, wage and social debts -€4,080
down €4,080 (-21.0%), from €19,403 to €15,323
- Profit (loss) carried forward +€3,657
up €3,657 (+7.2%), from €50,632 to €54,290
- Taxes +€5,770
up €5,770 (+40.8%), from €14,153 to €19,922
- Gross operating margin +€4,442
up €4,442 (+6.7%), from €66,119 to €70,561
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.
Derived cash bridge
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 | €80,459 | €120,556 | +€40,097 | +49.8% |
| Current assets | 29/58 | €80,459 | €120,556 | +€40,097 | +49.8% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €79,339 | €19,425 | -€59,914 | -75.5% |
| Deferred charges and accrued income | 490/1 | €1,119 | €1,131 | +€11 | +1.0% |
| Total equity and liabilities | 10/49 | €80,459 | €120,556 | +€40,097 | +49.8% |
| Equity | 10/15 | €52,632 | €101,790 | +€49,157 | +93.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €45,500 | +€45,500 | |
| Distributable reserves | 133 | - | €45,500 | +€45,500 | |
| Profit (loss) carried forward | 14 | €50,632 | €54,290 | +€3,657 | +7.2% |
| Amounts payable | 17/49 | €27,826 | €18,766 | -€9,060 | -32.6% |
| Amounts payable within one year | 42/48 | €27,826 | €18,766 | -€9,060 | -32.6% |
| Trade debts | 44 | €1,401 | €2,564 | +€1,163 | +83.0% |
| Suppliers | 440/4 | €1,401 | €2,564 | +€1,163 | +83.0% |
| Taxes, remuneration and social security | 45 | €19,403 | €15,323 | -€4,080 | -21.0% |
| Taxes | 450/3 | €19,403 | €15,323 | -€4,080 | -21.0% |
| Other amounts payable | 47/48 | €7,023 | €880 | -€6,143 | -87.5% |
| Other operating charges | 640/8 | €387 | €463 | +€76 | +19.6% |
| Non-recurring operating charges | 66A | - | €124 | +€124 | |
| Gross operating margin | 9900 | €66,119 | €70,561 | +€4,442 | +6.7% |
| Operating profit (loss) | 9901 | €65,732 | €69,974 | +€4,242 | +6.5% |
| Financial income | 75/76B | - | €63 | +€63 | |
| Recurring financial income | 75 | - | €63 | +€63 | |
| Financial charges | 65/66B | €117 | €127 | +€10 | +8.4% |
| Recurring financial charges | 65 | €117 | €127 | +€10 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €65,615 | €69,909 | +€4,294 | +6.5% |
| Income taxes | 67/77 | €14,153 | €19,922 | +€5,770 | +40.8% |
| Profit (loss) for the period | 9904 | €51,462 | €49,987 | -€1,475 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,462 | €49,987 | -€1,475 | -2.9% |
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 28 October 2026 via checked.be.