EM VETALITY: 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.
EM VETALITY
Largest movements
- Tangible fixed assets +€5,245
new in 2025: €5,245
- Stocks and contracts -€2,832
down €2,832 (-34.0%), from €8,332 to €5,500
- Cash +€2,193
up €2,193 (+7.0%), from €31,121 to €33,314
mainly Other debts (+€3,916) and Net result for the year (+€3,315)
- Receivables within one year +€634
up €634 (+6.9%), from €9,244 to €9,878
of which Other amounts receivable: +€1,662
- Other debts +€3,916
up €3,916 (+108.8%), from €3,599 to €7,515
- Trade debts -€3,503
down €3,503 (-73.4%), from €4,771 to €1,269
of which Suppliers: -€1,848
- Profit (loss) carried forward +€3,315
up €3,315 (+11.9%), from €27,885 to €31,201
- Debts after one year +€2,255
new in 2025: €2,255
- Tax, wage and social debts -€1,693
down €1,693 (-17.7%), from €9,583 to €7,890
of which Taxes: -€1,693
- Gross operating margin -€9,745
down €9,745 (-59.3%), from €16,443 to €6,699
- Taxes -€2,117
down €2,117 (-57.3%), from €3,696 to €1,579
- Depreciation +€581
new in 2025: €581
- Other operating charges +€397
up €397 (+80.5%), from €494 to €891
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 | €50,838 | €56,492 | +€5,654 | +11.1% |
| Fixed assets | 21/28 | - | €5,245 | +€5,245 | |
| Tangible fixed assets | 22/27 | - | €5,245 | +€5,245 | |
| Furniture and vehicles | 24 | - | €5,245 | +€5,245 | |
| Current assets | 29/58 | €50,838 | €51,247 | +€409 | +0.8% |
| Stocks and contracts in progress | 3 | €8,332 | €5,500 | -€2,832 | -34.0% |
| Stocks | 30/36 | €8,332 | €5,500 | -€2,832 | -34.0% |
| Amounts receivable within one year | 40/41 | €9,244 | €9,878 | +€634 | +6.9% |
| Trade receivables | 40 | €9,080 | €8,052 | -€1,028 | -11.3% |
| Other amounts receivable | 41 | €164 | €1,827 | +€1,662 | +1011.9% |
| Cash at bank and in hand | 54/58 | €31,121 | €33,314 | +€2,193 | +7.0% |
| Deferred charges and accrued income | 490/1 | €2,141 | €2,555 | +€413 | +19.3% |
| Total equity and liabilities | 10/49 | €50,838 | €56,492 | +€5,654 | +11.1% |
| Equity | 10/15 | €32,885 | €36,201 | +€3,315 | +10.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,885 | €31,201 | +€3,315 | +11.9% |
| Amounts payable | 17/49 | €17,953 | €20,292 | +€2,339 | +13.0% |
| Amounts payable after more than one year | 17 | - | €2,255 | +€2,255 | |
| Financial debts | 170/4 | - | €2,255 | +€2,255 | |
| Amounts payable within one year | 42/48 | €17,953 | €18,037 | +€85 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | - | €1,364 | +€1,364 | |
| Trade debts | 44 | €4,771 | €1,269 | -€3,503 | -73.4% |
| Suppliers | 440/4 | €3,117 | €1,269 | -€1,848 | -59.3% |
| Bills of exchange payable | 441 | €1,654 | €0 | -€1,654 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,583 | €7,890 | -€1,693 | -17.7% |
| Taxes | 450/3 | €9,583 | €7,890 | -€1,693 | -17.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,599 | €7,515 | +€3,916 | +108.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €581 | +€581 | |
| Other operating charges | 640/8 | €494 | €891 | +€397 | +80.5% |
| Gross operating margin | 9900 | €16,443 | €6,699 | -€9,745 | -59.3% |
| Operating profit (loss) | 9901 | €15,950 | €5,227 | -€10,723 | -67.2% |
| Financial income | 75/76B | €10 | €3 | -€7 | -70.0% |
| Recurring financial income | 75 | €10 | €3 | -€7 | -70.0% |
| Financial charges | 65/66B | €217 | €336 | +€119 | +54.6% |
| Recurring financial charges | 65 | €217 | €336 | +€119 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | €15,742 | €4,894 | -€10,849 | -68.9% |
| Income taxes | 67/77 | €3,696 | €1,579 | -€2,117 | -57.3% |
| Profit (loss) for the period | 9904 | €12,047 | €3,315 | -€8,732 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,047 | €3,315 | -€8,732 | -72.5% |
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 6 October 2026 via checked.be.