CT VET: 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.
CT VET
Largest movements
- Cash +€37,014
up €37,014 (+114.7%), from €32,261 to €69,275
mainly Net result for the year (+€72,052) and Stocks and contracts (+€16,369)
- Receivables within one year +€30,111
up €30,111 (+119.4%), from €25,213 to €55,324
- Stocks and contracts -€16,369
down €16,369 (-59.5%), from €27,501 to €11,132
- Tangible fixed assets -€5,583
down €5,583 (-22.3%), from €25,060 to €19,477
- Reserves +€72,052
up €72,052 (+150.1%), from €48,015 to €120,068
- Debts after one year -€13,333
no longer reported in 2025 (was €13,333)
- Other debts -€10,433
down €10,433 (-94.9%), from €10,990 to €557
- Tax, wage and social debts -€2,651
down €2,651 (-22.2%), from €11,938 to €9,287
- Gross operating margin +€38,082
up €38,082 (+55.8%), from €68,245 to €106,326
- Taxes +€9,005
up €9,005 (+49.7%), from €18,103 to €27,108
- Depreciation +€5,293
up €5,293 (+1826.4%), from €290 to €5,583
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 | €111,595 | €156,732 | +€45,137 | +40.4% |
| Fixed assets | 21/28 | €25,060 | €19,477 | -€5,583 | -22.3% |
| Tangible fixed assets | 22/27 | €25,060 | €19,477 | -€5,583 | -22.3% |
| Furniture and vehicles | 24 | €25,060 | €19,477 | -€5,583 | -22.3% |
| Current assets | 29/58 | €86,535 | €137,255 | +€50,720 | +58.6% |
| Stocks and contracts in progress | 3 | €27,501 | €11,132 | -€16,369 | -59.5% |
| Stocks | 30/36 | €27,501 | €11,132 | -€16,369 | -59.5% |
| Amounts receivable within one year | 40/41 | €25,213 | €55,324 | +€30,111 | +119.4% |
| Trade receivables | 40 | €25,213 | €55,324 | +€30,111 | +119.4% |
| Cash at bank and in hand | 54/58 | €32,261 | €69,275 | +€37,014 | +114.7% |
| Deferred charges and accrued income | 490/1 | €1,560 | €1,525 | -€35 | -2.3% |
| Total equity and liabilities | 10/49 | €111,595 | €156,732 | +€45,137 | +40.4% |
| Equity | 10/15 | €50,515 | €122,568 | +€72,052 | +142.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €48,015 | €120,068 | +€72,052 | +150.1% |
| Distributable reserves | 133 | €48,015 | €120,068 | +€72,052 | +150.1% |
| Amounts payable | 17/49 | €61,080 | €34,165 | -€26,915 | -44.1% |
| Amounts payable after more than one year | 17 | €13,333 | - | -€13,333 | |
| Financial debts | 170/4 | €13,333 | - | -€13,333 | |
| Amounts payable within one year | 42/48 | €46,446 | €32,715 | -€13,732 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €13,333 | €13,333 | +€0 | 0.0% |
| Trade debts | 44 | €10,185 | €9,537 | -€648 | -6.4% |
| Suppliers | 440/4 | €10,185 | €9,537 | -€648 | -6.4% |
| Taxes, remuneration and social security | 45 | €11,938 | €9,287 | -€2,651 | -22.2% |
| Taxes | 450/3 | €11,938 | €9,287 | -€2,651 | -22.2% |
| Other amounts payable | 47/48 | €10,990 | €557 | -€10,433 | -94.9% |
| Accrued charges and deferred income | 492/3 | €1,300 | €1,450 | +€150 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €290 | €5,583 | +€5,293 | +1826.4% |
| Other operating charges | 640/8 | €35 | €106 | +€71 | +200.0% |
| Gross operating margin | 9900 | €68,245 | €106,326 | +€38,082 | +55.8% |
| Operating profit (loss) | 9901 | €67,919 | €100,637 | +€32,717 | +48.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,801 | €1,477 | -€324 | -18.0% |
| Recurring financial charges | 65 | €1,801 | €1,477 | -€324 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €66,118 | €99,160 | +€33,042 | +50.0% |
| Income taxes | 67/77 | €18,103 | €27,108 | +€9,005 | +49.7% |
| Profit (loss) for the period | 9904 | €48,015 | €72,052 | +€24,037 | +50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,015 | €72,052 | +€24,037 | +50.1% |
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 7 October 2026 via checked.be.