VET 484: 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.
VET 484
Largest movements
- Receivables within one year +€21,104
up €21,104 (+31.6%), from €66,758 to €87,861
of which Trade receivables: +€23,925
- Tangible fixed assets -€17,140
down €17,140 (-7.0%), from €243,282 to €226,142
of which Land and buildings: -€9,155
- Intangible fixed assets -€15,000
down €15,000 (-44.4%), from €33,750 to €18,750
- Deferred charges and accrued income -€12,025
down €12,025 (-78.0%), from €15,425 to €3,400
- Stocks and contracts +€11,147
up €11,147 (+43.0%), from €25,899 to €37,045
- Debts after one year -€25,995
down €25,995 (-51.5%), from €50,493 to €24,498
- Current portion of long-term debt -€22,905
down €22,905 (-34.9%), from €65,666 to €42,761
- Profit (loss) carried forward +€20,959
up €20,959 (+10.2%), from €204,684 to €225,642
- Other debts +€15,000
up €15,000 (+60.0%), from €25,000 to €40,000
- Trade debts +€13,753
up €13,753 (+75.1%), from €18,318 to €32,071
- Gross operating margin +€11,473
up €11,473 (+5.3%), from €214,914 to €226,387
- Taxes +€3,287
up €3,287 (+23.1%), from €14,202 to €17,489
- Staff costs +€2,312
up €2,312 (+2.2%), from €104,315 to €106,626
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €421,587 | €419,499 | -€2,088 | -0.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €277,082 | €244,942 | -€32,140 | -11.6% |
| Intangible fixed assets | 21 | €33,750 | €18,750 | -€15,000 | -44.4% |
| Tangible fixed assets | 22/27 | €243,282 | €226,142 | -€17,140 | -7.0% |
| Land and buildings | 22 | €217,022 | €207,867 | -€9,155 | -4.2% |
| Plant, machinery and equipment | 23 | €20,089 | €13,788 | -€6,301 | -31.4% |
| Furniture and vehicles | 24 | €6,171 | €4,487 | -€1,684 | -27.3% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €144,505 | €174,557 | +€30,052 | +20.8% |
| Stocks and contracts in progress | 3 | €25,899 | €37,045 | +€11,147 | +43.0% |
| Stocks | 30/36 | €25,899 | €37,045 | +€11,147 | +43.0% |
| Amounts receivable within one year | 40/41 | €66,758 | €87,861 | +€21,104 | +31.6% |
| Trade receivables | 40 | €51,460 | €75,385 | +€23,925 | +46.5% |
| Other amounts receivable | 41 | €15,298 | €12,476 | -€2,822 | -18.4% |
| Cash at bank and in hand | 54/58 | €36,423 | €46,250 | +€9,827 | +27.0% |
| Deferred charges and accrued income | 490/1 | €15,425 | €3,400 | -€12,025 | -78.0% |
| Total equity and liabilities | 10/49 | €421,587 | €419,499 | -€2,088 | -0.5% |
| Equity | 10/15 | €237,684 | €258,642 | +€20,959 | +8.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €204,684 | €225,642 | +€20,959 | +10.2% |
| Amounts payable | 17/49 | €183,904 | €160,857 | -€23,047 | -12.5% |
| Amounts payable after more than one year | 17 | €50,493 | €24,498 | -€25,995 | -51.5% |
| Financial debts | 170/4 | €50,493 | €24,498 | -€25,995 | -51.5% |
| Amounts payable within one year | 42/48 | €131,947 | €136,287 | +€4,341 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €65,666 | €42,761 | -€22,905 | -34.9% |
| Trade debts | 44 | €18,318 | €32,071 | +€13,753 | +75.1% |
| Suppliers | 440/4 | €18,318 | €32,071 | +€13,753 | +75.1% |
| Taxes, remuneration and social security | 45 | €22,963 | €21,455 | -€1,508 | -6.6% |
| Taxes | 450/3 | €5,073 | €7,466 | +€2,394 | +47.2% |
| Remuneration and social security | 454/9 | €17,890 | €13,989 | -€3,902 | -21.8% |
| Other amounts payable | 47/48 | €25,000 | €40,000 | +€15,000 | +60.0% |
| Accrued charges and deferred income | 492/3 | €1,465 | €72 | -€1,393 | -95.1% |
| Remuneration, social security and pensions | 62 | €104,315 | €106,626 | +€2,312 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,931 | €33,532 | -€1,399 | -4.0% |
| Other operating charges | 640/8 | €4,065 | €3,969 | -€96 | -2.4% |
| Non-recurring operating charges | 66A | - | €166 | +€166 | |
| Gross operating margin | 9900 | €214,914 | €226,387 | +€11,473 | +5.3% |
| Operating profit (loss) | 9901 | €71,603 | €82,094 | +€10,491 | +14.7% |
| Financial income | 75/76B | €128 | €1,057 | +€929 | +724% |
| Recurring financial income | 75 | €128 | €1,057 | +€929 | +724% |
| Financial charges | 65/66B | €5,317 | €4,703 | -€614 | -11.5% |
| Recurring financial charges | 65 | €5,317 | €4,703 | -€614 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €66,414 | €78,448 | +€12,033 | +18.1% |
| Income taxes | 67/77 | €14,202 | €17,489 | +€3,287 | +23.1% |
| Profit (loss) for the period | 9904 | €52,212 | €60,959 | +€8,746 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,212 | €60,959 | +€8,746 | +16.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.