CD VET: 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.
CD VET
Largest movements
- Cash +€17,922
up €17,922 (+547%), from €3,277 to €21,199
mainly Net result for the year (+€21,851) and Tax, wage and social debts (+€4,947)
- Stocks and contracts +€6,271
up €6,271 (+27.7%), from €22,673 to €28,944
- Tangible fixed assets -€2,331
down €2,331 (-22.0%), from €10,616 to €8,285
of which Furniture and vehicles: -€2,380
- Deferred charges and accrued income +€2,014
up €2,014 (+176%), from €1,146 to €3,159
- Receivables within one year +€1,951
up €1,951 (+11.8%), from €16,573 to €18,523
of which Trade receivables: +€2,533
- Profit (loss) carried forward +€21,851
up €21,851 (+83.1%), from €26,301 to €48,152
- Debts after one year -€5,246
down €5,246 (-59.3%), from €8,853 to €3,607
- Tax, wage and social debts +€4,947
up €4,947 (+72.3%), from €6,845 to €11,792
of which Remuneration and social security: +€3,373
- Trade debts +€4,339
up €4,339 (+87.7%), from €4,946 to €9,284
- Staff costs +€19,092
new in 2025: €19,092
- Gross operating margin +€8,225
up €8,225 (+17.9%), from €46,076 to €54,301
- Financial charges -€3,537
down €3,537 (-64.5%), from €5,484 to €1,947
- Other operating charges -€1,910
down €1,910 (-67.4%), from €2,832 to €922
- Taxes -€849
down €849 (-10.5%), from €8,072 to €7,223
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 | €55,217 | €81,148 | +€25,932 | +47.0% |
| Fixed assets | 21/28 | €11,548 | €9,323 | -€2,226 | -19.3% |
| Intangible fixed assets | 21 | €933 | €833 | -€100 | -10.7% |
| Tangible fixed assets | 22/27 | €10,616 | €8,285 | -€2,331 | -22.0% |
| Furniture and vehicles | 24 | €6,328 | €3,948 | -€2,380 | -37.6% |
| Other tangible fixed assets | 26 | €4,288 | €4,336 | +€49 | +1.1% |
| Financial fixed assets | 28 | - | €205 | +€205 | |
| Current assets | 29/58 | €43,668 | €71,826 | +€28,157 | +64.5% |
| Stocks and contracts in progress | 3 | €22,673 | €28,944 | +€6,271 | +27.7% |
| Stocks | 30/36 | €22,673 | €28,944 | +€6,271 | +27.7% |
| Amounts receivable within one year | 40/41 | €16,573 | €18,523 | +€1,951 | +11.8% |
| Trade receivables | 40 | €2,201 | €4,734 | +€2,533 | +115% |
| Other amounts receivable | 41 | €14,372 | €13,789 | -€583 | -4.1% |
| Cash at bank and in hand | 54/58 | €3,277 | €21,199 | +€17,922 | +547% |
| Deferred charges and accrued income | 490/1 | €1,146 | €3,159 | +€2,014 | +176% |
| Total equity and liabilities | 10/49 | €55,217 | €81,148 | +€25,932 | +47.0% |
| Equity | 10/15 | €29,301 | €51,152 | +€21,851 | +74.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,301 | €48,152 | +€21,851 | +83.1% |
| Amounts payable | 17/49 | €25,915 | €29,996 | +€4,081 | +15.7% |
| Amounts payable after more than one year | 17 | €8,853 | €3,607 | -€5,246 | -59.3% |
| Financial debts | 170/4 | €8,853 | €3,607 | -€5,246 | -59.3% |
| Amounts payable within one year | 42/48 | €17,045 | €26,322 | +€9,278 | +54.4% |
| Current portion of amounts payable after more than one year | 42 | €5,056 | €5,246 | +€190 | +3.8% |
| Trade debts | 44 | €4,946 | €9,284 | +€4,339 | +87.7% |
| Suppliers | 440/4 | €4,946 | €9,284 | +€4,339 | +87.7% |
| Advances received on contracts in progress | 46 | €198 | €0 | -€198 | -100% |
| Taxes, remuneration and social security | 45 | €6,845 | €11,792 | +€4,947 | +72.3% |
| Taxes | 450/3 | €4,356 | €5,930 | +€1,574 | +36.1% |
| Remuneration and social security | 454/9 | €2,489 | €5,862 | +€3,373 | +135% |
| Accrued charges and deferred income | 492/3 | €18 | €67 | +€49 | +276% |
| Remuneration, social security and pensions | 62 | - | €19,092 | +€19,092 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,766 | €4,013 | +€247 | +6.6% |
| Other operating charges | 640/8 | €2,832 | €922 | -€1,910 | -67.4% |
| Gross operating margin | 9900 | €46,076 | €54,301 | +€8,225 | +17.9% |
| Operating profit (loss) | 9901 | €39,478 | €30,274 | -€9,204 | -23.3% |
| Financial income | 75/76B | €379 | €747 | +€368 | +97.2% |
| Recurring financial income | 75 | €379 | €747 | +€368 | +97.2% |
| Financial charges | 65/66B | €5,484 | €1,947 | -€3,537 | -64.5% |
| Recurring financial charges | 65 | €5,484 | €1,947 | -€3,537 | -64.5% |
| Profit (loss) for the period before taxes | 9903 | €34,373 | €29,073 | -€5,299 | -15.4% |
| Income taxes | 67/77 | €8,072 | €7,223 | -€849 | -10.5% |
| Profit (loss) for the period | 9904 | €26,301 | €21,851 | -€4,451 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,301 | €21,851 | -€4,451 | -16.9% |
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 14 October 2026 via checked.be.