Vet.E.D.: 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.
Vet.E.D.
Largest movements
- Cash +€21,248
up €21,248 (+326.9%), from €6,499 to €27,748
mainly Net result for the year (+€19,197) and Tax, wage and social debts (+€3,741)
- Tangible fixed assets -€2,099
down €2,099 (-80.9%), from €2,594 to €495
of which Furniture and vehicles: -€1,198
- Stocks and contracts -€1,051
down €1,051 (-11.7%), from €8,948 to €7,897
- Receivables within one year +€804
up €804 (+71.6%), from €1,124 to €1,928
of which Trade receivables: +€983
- Profit (loss) carried forward +€19,197
up €19,197, from -€13,403 to €5,794
- Other debts -€3,769
no longer reported in 2025 (was €3,769)
- Tax, wage and social debts +€3,741
up €3,741 (+203.1%), from €1,842 to €5,583
of which Taxes: +€3,718
- Gross operating margin +€20,630
up €20,630 (+344.9%), from €5,981 to €26,611
- Taxes +€2,563
up €2,563 (+3711.5%), from €69 to €2,632
- Depreciation -€617
down €617 (-22.7%), from €2,716 to €2,099
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 | €19,165 | €38,069 | +€18,903 | +98.6% |
| Fixed assets | 21/28 | €2,594 | €495 | -€2,099 | -80.9% |
| Tangible fixed assets | 22/27 | €2,594 | €495 | -€2,099 | -80.9% |
| Plant, machinery and equipment | 23 | €1,397 | €495 | -€901 | -64.5% |
| Furniture and vehicles | 24 | €1,198 | - | -€1,198 | |
| Current assets | 29/58 | €16,571 | €37,573 | +€21,002 | +126.7% |
| Stocks and contracts in progress | 3 | €8,948 | €7,897 | -€1,051 | -11.7% |
| Stocks | 30/36 | €8,948 | €7,897 | -€1,051 | -11.7% |
| Amounts receivable within one year | 40/41 | €1,124 | €1,928 | +€804 | +71.6% |
| Trade receivables | 40 | €945 | €1,928 | +€983 | +104.1% |
| Other amounts receivable | 41 | €179 | - | -€179 | |
| Cash at bank and in hand | 54/58 | €6,499 | €27,748 | +€21,248 | +326.9% |
| Total equity and liabilities | 10/49 | €19,165 | €38,069 | +€18,903 | +98.6% |
| Equity | 10/15 | -€10,903 | €8,294 | +€19,197 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,403 | €5,794 | +€19,197 | |
| Amounts payable | 17/49 | €30,068 | €29,774 | -€294 | -1.0% |
| Amounts payable within one year | 42/48 | €30,068 | €29,774 | -€294 | -1.0% |
| Trade debts | 44 | €24,457 | €24,191 | -€266 | -1.1% |
| Suppliers | 440/4 | €24,457 | €24,191 | -€266 | -1.1% |
| Taxes, remuneration and social security | 45 | €1,842 | €5,583 | +€3,741 | +203.1% |
| Taxes | 450/3 | - | €3,718 | +€3,718 | |
| Remuneration and social security | 454/9 | €1,842 | €1,865 | +€23 | +1.2% |
| Other amounts payable | 47/48 | €3,769 | - | -€3,769 | |
| Remuneration, social security and pensions | 62 | €1,575 | €1,575 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,716 | €2,099 | -€617 | -22.7% |
| Other operating charges | 640/8 | €478 | €453 | -€25 | -5.3% |
| Gross operating margin | 9900 | €5,981 | €26,611 | +€20,630 | +344.9% |
| Operating profit (loss) | 9901 | €1,212 | €22,484 | +€21,272 | +1755.2% |
| Financial income | 75/76B | €31 | €0 | -€31 | -99.8% |
| Recurring financial income | 75 | €3 | €0 | -€2 | -97.6% |
| Non-recurring financial income | 76B | €28 | - | -€28 | |
| Financial charges | 65/66B | €618 | €655 | +€37 | +6.0% |
| Recurring financial charges | 65 | €618 | €655 | +€37 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €625 | €21,830 | +€21,204 | +3391.7% |
| Income taxes | 67/77 | €69 | €2,632 | +€2,563 | +3711.5% |
| Profit (loss) for the period | 9904 | €556 | €19,197 | +€18,641 | +3352.0% |
| Profit (loss) for the period to be appropriated | 9905 | €556 | €19,197 | +€18,641 | +3352.0% |
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 30 September 2026 via checked.be.