MY VETS: 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.
MY VETS
Largest movements
- Tangible fixed assets -€42,259
down €42,259 (-13.0%), from €325,708 to €283,449
- Cash +€12,844
up €12,844 (+8.8%), from €146,353 to €159,197
mainly Net result for the year (+€89,756) and Depreciation (+€53,349)
- Receivables within one year +€10,265
up €10,265 (+26.3%), from €39,060 to €49,325
of which Trade receivables: +€12,402
- Reserves +€47,475
up €47,475 (+21.2%), from €223,879 to €271,354
of which Distributable reserves: +€47,475
- Tax, wage and social debts -€34,773
down €34,773 (-71.3%), from €48,755 to €13,982
- Debts after one year -€26,498
down €26,498 (-17.0%), from €156,044 to €129,546
- Other debts -€8,483
down €8,483 (-16.0%), from €52,993 to €44,510
- Gross operating margin +€8,353
up €8,353 (+4.6%), from €181,897 to €190,250
- Taxes +€3,079
up €3,079 (+9.1%), from €33,742 to €36,821
- Depreciation -€2,968
down €2,968 (-5.3%), from €56,317 to €53,349
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 | €542,728 | €526,314 | -€16,415 | -3.0% |
| Fixed assets | 21/28 | €327,708 | €287,199 | -€40,509 | -12.4% |
| Tangible fixed assets | 22/27 | €325,708 | €283,449 | -€42,259 | -13.0% |
| Land and buildings | 22 | €196,551 | €180,291 | -€16,260 | -8.3% |
| Plant, machinery and equipment | 23 | €29,997 | €23,957 | -€6,039 | -20.1% |
| Furniture and vehicles | 24 | €84,552 | €68,271 | -€16,282 | -19.3% |
| Leasing and similar rights | 25 | €14,607 | €10,929 | -€3,678 | -25.2% |
| Financial fixed assets | 28 | €2,000 | €3,750 | +€1,750 | +87.5% |
| Current assets | 29/58 | €215,021 | €239,115 | +€24,094 | +11.2% |
| Stocks and contracts in progress | 3 | €22,425 | €24,044 | +€1,619 | +7.2% |
| Stocks | 30/36 | €22,425 | €24,044 | +€1,619 | +7.2% |
| Amounts receivable within one year | 40/41 | €39,060 | €49,325 | +€10,265 | +26.3% |
| Trade receivables | 40 | €36,743 | €49,145 | +€12,402 | +33.8% |
| Other amounts receivable | 41 | €2,317 | €179 | -€2,137 | -92.3% |
| Cash at bank and in hand | 54/58 | €146,353 | €159,197 | +€12,844 | +8.8% |
| Deferred charges and accrued income | 490/1 | €7,183 | €6,549 | -€633 | -8.8% |
| Total equity and liabilities | 10/49 | €542,728 | €526,314 | -€16,415 | -3.0% |
| Equity | 10/15 | €242,479 | €289,954 | +€47,475 | +19.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €223,879 | €271,354 | +€47,475 | +21.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €223,879 | €271,354 | +€47,475 | +21.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €300,249 | €236,359 | -€63,890 | -21.3% |
| Amounts payable after more than one year | 17 | €156,044 | €129,546 | -€26,498 | -17.0% |
| Financial debts | 170/4 | €156,044 | €129,546 | -€26,498 | -17.0% |
| Amounts payable within one year | 42/48 | €144,204 | €106,588 | -€37,616 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €25,820 | €26,498 | +€678 | +2.6% |
| Trade debts | 44 | €16,637 | €21,598 | +€4,960 | +29.8% |
| Suppliers | 440/4 | €16,637 | €21,598 | +€4,960 | +29.8% |
| Taxes, remuneration and social security | 45 | €48,755 | €13,982 | -€34,773 | -71.3% |
| Taxes | 450/3 | €48,755 | €13,982 | -€34,773 | -71.3% |
| Other amounts payable | 47/48 | €52,993 | €44,510 | -€8,483 | -16.0% |
| Accrued charges and deferred income | 492/3 | - | €225 | +€225 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,317 | €53,349 | -€2,968 | -5.3% |
| Other operating charges | 640/8 | €2,462 | €3,042 | +€580 | +23.6% |
| Gross operating margin | 9900 | €181,897 | €190,250 | +€8,353 | +4.6% |
| Operating profit (loss) | 9901 | €123,118 | €133,859 | +€10,741 | +8.7% |
| Financial income | 75/76B | €626 | €0 | -€626 | -100% |
| Recurring financial income | 75 | €626 | €0 | -€626 | -100% |
| Financial charges | 65/66B | €9,077 | €7,282 | -€1,795 | -19.8% |
| Recurring financial charges | 65 | €9,077 | €7,282 | -€1,795 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €114,667 | €126,576 | +€11,910 | +10.4% |
| Income taxes | 67/77 | €33,742 | €36,821 | +€3,079 | +9.1% |
| Profit (loss) for the period | 9904 | €80,925 | €89,756 | +€8,831 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €80,925 | €89,756 | +€8,831 | +10.9% |
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 23 October 2026 via checked.be.