De Vetronics: 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.
De Vetronics
Largest movements
- Cash +€289,974
up €289,974 (+128.0%), from €226,485 to €516,459
mainly Net result for the year (+€307,933) and Tax, wage and social debts (+€1,336)
- Receivables within one year +€15,093
up €15,093 (+52.8%), from €28,583 to €43,676
of which Trade receivables: +€8,954
- Reserves +€307,933
up €307,933 (+28.1%), from €1.1m to €1.4m
- Gross operating margin -€19,388
down €19,388 (-40.9%), from €47,391 to €28,003
- Taxes -€13,629
down €13,629 (-70.9%), from €19,232 to €5,602
- Financial income -€9,904
down €9,904 (-3.3%), from €297,605 to €287,701
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 | €1,109,470 | €1,414,641 | +€305,171 | +27.5% |
| Fixed assets | 21/28 | €52,500 | €52,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €52,500 | €52,500 | = | 0.0% |
| Current assets | 29/58 | €1,056,970 | €1,362,141 | +€305,171 | +28.9% |
| Amounts receivable within one year | 40/41 | €28,583 | €43,676 | +€15,093 | +52.8% |
| Trade receivables | 40 | €27,005 | €35,959 | +€8,954 | +33.2% |
| Other amounts receivable | 41 | €1,578 | €7,717 | +€6,139 | +389.0% |
| Current investments | 50/53 | €800,122 | €800,122 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €226,485 | €516,459 | +€289,974 | +128.0% |
| Deferred charges and accrued income | 490/1 | €1,781 | €1,885 | +€104 | +5.9% |
| Total equity and liabilities | 10/49 | €1,109,470 | €1,414,641 | +€305,171 | +27.5% |
| Equity | 10/15 | €1,099,444 | €1,407,377 | +€307,933 | +28.0% |
| Revaluation surpluses | 12 | €4,717 | €4,717 | = | 0.0% |
| Reserves | 13 | €1,094,726 | €1,402,660 | +€307,933 | +28.1% |
| Distributable reserves | 133 | €1,094,726 | €1,402,660 | +€307,933 | +28.1% |
| Amounts payable | 17/49 | €10,027 | €7,264 | -€2,762 | -27.5% |
| Amounts payable within one year | 42/48 | €7,283 | €6,657 | -€626 | -8.6% |
| Trade debts | 44 | €0 | €35 | +€35 | |
| Suppliers | 440/4 | €0 | €35 | +€35 | |
| Taxes, remuneration and social security | 45 | €5,286 | €6,622 | +€1,336 | +25.3% |
| Taxes | 450/3 | €5,286 | €6,622 | +€1,336 | +25.3% |
| Other amounts payable | 47/48 | €1,997 | €0 | -€1,997 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,744 | €607 | -€2,137 | -77.9% |
| Other operating charges | 640/8 | €1,703 | €1,750 | +€47 | +2.7% |
| Gross operating margin | 9900 | €47,391 | €28,003 | -€19,388 | -40.9% |
| Operating profit (loss) | 9901 | €45,688 | €26,253 | -€19,435 | -42.5% |
| Financial income | 75/76B | €297,605 | €287,701 | -€9,904 | -3.3% |
| Recurring financial income | 75 | €297,605 | €287,701 | -€9,904 | -3.3% |
| Financial charges | 65/66B | €351 | €419 | +€68 | +19.4% |
| Recurring financial charges | 65 | €351 | €419 | +€68 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €342,942 | €313,536 | -€29,407 | -8.6% |
| Income taxes | 67/77 | €19,232 | €5,602 | -€13,629 | -70.9% |
| Profit (loss) for the period | 9904 | €323,711 | €307,933 | -€15,778 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €323,711 | €307,933 | -€15,778 | -4.9% |
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 5 October 2026 via checked.be.