VELVET CONCEPT: what changed
VELVET CONCEPT
Largest movements
- Receivables within one year -€86,967
down €86,967 (-94.4%), from €92,135 to €5,168
of which Trade receivables: -€81,634
- Cash +€20,040
up €20,040 (+413%), from €4,854 to €24,894
mainly Receivables within one year (+€86,967) and Other debts (+€4,055)
- Tangible fixed assets +€10,122
up €10,122 (+127%), from €7,989 to €18,111
of which Other tangible fixed assets: +€8,286
- Trade debts -€64,391
down €64,391 (-60.5%), from €106,456 to €42,066
- Other debts +€4,055
up €4,055 (+29.3%), from €13,859 to €17,914
- Profit (loss) carried forward +€1,681
up €1,681 (+6.9%), from -€24,485 to -€22,804
- Tax, wage and social debts +€1,499
up €1,499 (+25.7%), from €5,841 to €7,340
of which Taxes: +€1,086
- Gross operating margin +€79,258
up €79,258, from -€32,007 to €47,251
- Other operating charges +€7,730
up €7,730 (+88.6%), from €8,727 to €16,457
- Staff costs +€7,616
up €7,616 (+42.2%), from €18,061 to €25,677
- Financial charges -€2,941
down €2,941 (-76.1%), from €3,863 to €922
- Depreciation -€1,120
down €1,120 (-30.2%), from €3,712 to €2,593
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,872 | €51,116 | -€56,756 | -52.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €8,352 | €18,474 | +€10,122 | +121% |
| Tangible fixed assets | 22/27 | €7,989 | €18,111 | +€10,122 | +127% |
| Plant, machinery and equipment | 23 | €0 | €2,331 | +€2,331 | |
| Furniture and vehicles | 24 | €1,015 | €520 | -€496 | -48.8% |
| Other tangible fixed assets | 26 | €6,974 | €15,260 | +€8,286 | +119% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €99,520 | €32,642 | -€66,878 | -67.2% |
| Stocks and contracts in progress | 3 | €2,531 | €2,580 | +€49 | +1.9% |
| Stocks | 30/36 | €2,531 | €2,580 | +€49 | +1.9% |
| Amounts receivable within one year | 40/41 | €92,135 | €5,168 | -€86,967 | -94.4% |
| Trade receivables | 40 | €81,634 | €0 | -€81,634 | -100% |
| Other amounts receivable | 41 | €10,501 | €5,168 | -€5,333 | -50.8% |
| Cash at bank and in hand | 54/58 | €4,854 | €24,894 | +€20,040 | +413% |
| Total equity and liabilities | 10/49 | €107,872 | €51,116 | -€56,756 | -52.6% |
| Equity | 10/15 | -€18,285 | -€16,604 | +€1,681 | +9.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,485 | -€22,804 | +€1,681 | +6.9% |
| Amounts payable | 17/49 | €126,157 | €67,719 | -€58,437 | -46.3% |
| Amounts payable within one year | 42/48 | €126,157 | €67,319 | -€58,837 | -46.6% |
| Trade debts | 44 | €106,456 | €42,066 | -€64,391 | -60.5% |
| Suppliers | 440/4 | €106,456 | €42,066 | -€64,391 | -60.5% |
| Taxes, remuneration and social security | 45 | €5,841 | €7,340 | +€1,499 | +25.7% |
| Taxes | 450/3 | €4,585 | €5,672 | +€1,086 | +23.7% |
| Remuneration and social security | 454/9 | €1,256 | €1,668 | +€413 | +32.9% |
| Other amounts payable | 47/48 | €13,859 | €17,914 | +€4,055 | +29.3% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | €18,061 | €25,677 | +€7,616 | +42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,712 | €2,593 | -€1,120 | -30.2% |
| Other operating charges | 640/8 | €8,727 | €16,457 | +€7,730 | +88.6% |
| Gross operating margin | 9900 | -€32,007 | €47,251 | +€79,258 | |
| Operating profit (loss) | 9901 | -€62,508 | €2,524 | +€65,032 | |
| Financial income | 75/76B | €6 | €80 | +€74 | +1,187% |
| Recurring financial income | 75 | €6 | €80 | +€74 | +1,187% |
| Financial charges | 65/66B | €3,863 | €922 | -€2,941 | -76.1% |
| Recurring financial charges | 65 | €3,863 | €922 | -€2,941 | -76.1% |
| Profit (loss) for the period before taxes | 9903 | -€66,365 | €1,681 | +€68,046 | |
| Profit (loss) for the period | 9904 | -€66,365 | €1,681 | +€68,046 | |
| Profit (loss) for the period to be appropriated | 9905 | -€66,365 | €1,681 | +€68,046 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.