VET-EXPERT: 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-EXPERT
Largest movements
- Receivables within one year -€10,559
down €10,559 (-6.6%), from €158,959 to €148,400
of which Trade receivables: -€14,506
- Profit (loss) carried forward -€44,699
down €44,699 (-26.7%), from €167,243 to €122,544
- Other debts +€36,200
up €36,200 (+119%), from €30,467 to €66,667
- Tax, wage and social debts -€3,036
down €3,036 (-23.5%), from €12,915 to €9,879
of which Taxes: -€2,980
- Staff costs +€6,794
up €6,794 (+53.4%), from €12,732 to €19,526
- Taxes -€1,827
down €1,827 (-23.2%), from €7,879 to €6,052
- Gross operating margin -€1,314
down €1,314 (-2.7%), from €49,246 to €47,932
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 | €231,190 | €220,706 | -€10,484 | -4.5% |
| Current assets | 29/58 | €231,190 | €220,706 | -€10,484 | -4.5% |
| Amounts receivable within one year | 40/41 | €158,959 | €148,400 | -€10,559 | -6.6% |
| Trade receivables | 40 | €158,959 | €144,453 | -€14,506 | -9.1% |
| Other amounts receivable | 41 | - | €3,947 | +€3,947 | |
| Cash at bank and in hand | 54/58 | €70,950 | €70,966 | +€16 | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,281 | €1,340 | +€59 | +4.6% |
| Total equity and liabilities | 10/49 | €231,190 | €220,706 | -€10,484 | -4.5% |
| Equity | 10/15 | €187,703 | €143,004 | -€44,699 | -23.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,243 | €122,544 | -€44,699 | -26.7% |
| Amounts payable | 17/49 | €43,487 | €77,702 | +€34,215 | +78.7% |
| Amounts payable within one year | 42/48 | €43,487 | €77,702 | +€34,215 | +78.7% |
| Trade debts | 44 | €105 | €1,156 | +€1,051 | +1,001% |
| Suppliers | 440/4 | €105 | €1,156 | +€1,051 | +1,001% |
| Taxes, remuneration and social security | 45 | €12,915 | €9,879 | -€3,036 | -23.5% |
| Taxes | 450/3 | €7,409 | €4,429 | -€2,980 | -40.2% |
| Remuneration and social security | 454/9 | €5,506 | €5,450 | -€56 | -1.0% |
| Other amounts payable | 47/48 | €30,467 | €66,667 | +€36,200 | +119% |
| Remuneration, social security and pensions | 62 | €12,732 | €19,526 | +€6,794 | +53.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €177 | - | -€177 | |
| Other operating charges | 640/8 | €290 | €298 | +€8 | +2.8% |
| Non-recurring operating charges | 66A | €58 | €58 | = | 0.0% |
| Gross operating margin | 9900 | €49,246 | €47,932 | -€1,314 | -2.7% |
| Operating profit (loss) | 9901 | €35,989 | €28,050 | -€7,939 | -22.1% |
| Financial income | 75/76B | €112 | €219 | +€107 | +95.5% |
| Recurring financial income | 75 | €112 | €219 | +€107 | +95.5% |
| Financial charges | 65/66B | €297 | €249 | -€48 | -16.2% |
| Recurring financial charges | 65 | €297 | €249 | -€48 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €35,804 | €28,020 | -€7,784 | -21.7% |
| Income taxes | 67/77 | €7,879 | €6,052 | -€1,827 | -23.2% |
| Profit (loss) for the period | 9904 | €27,925 | €21,968 | -€5,957 | -21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,925 | €21,968 | -€5,957 | -21.3% |
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 20 October 2026 via checked.be.