Vet.G: 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.G
Largest movements
- Cash -€19,748
down €19,748 (-25.3%), from €78,163 to €58,414
mainly Contributions, distributions and other (-€26,829) and Tax, wage and social debts (-€7,325)
- Deferred charges and accrued income +€4,179
up €4,179 (+140%), from €2,985 to €7,164
- Receivables within one year +€3,568
up €3,568 (+16.3%), from €21,930 to €25,498
of which Other amounts receivable: +€3,130
- Trade debts +€9,518
up €9,518 (+371%), from €2,567 to €12,085
- Reserves -€9,144
down €9,144 (-21.0%), from €43,512 to €34,368
- Tax, wage and social debts -€7,325
down €7,325 (-74.7%), from €9,808 to €2,483
of which Taxes: -€7,469
- Other debts -€6,102
down €6,102 (-18.5%), from €32,982 to €26,880
- Depreciation -€831
down €831 (-94.1%), from €884 to €52
- Financial charges +€416
up €416 (+263%), from €158 to €575
- Other operating charges +€320
up €320 (+55.1%), from €582 to €902
- Gross operating margin -€269
down €269 (-1.0%), from €26,268 to €25,999
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 | €103,130 | €91,076 | -€12,054 | -11.7% |
| Fixed assets | 21/28 | €52 | - | -€52 | |
| Tangible fixed assets | 22/27 | €52 | - | -€52 | |
| Plant, machinery and equipment | 23 | €52 | - | -€52 | |
| Current assets | 29/58 | €103,077 | €91,076 | -€12,001 | -11.6% |
| Amounts receivable within one year | 40/41 | €21,930 | €25,498 | +€3,568 | +16.3% |
| Trade receivables | 40 | €20,905 | €21,343 | +€439 | +2.1% |
| Other amounts receivable | 41 | €1,025 | €4,155 | +€3,130 | +305% |
| Cash at bank and in hand | 54/58 | €78,163 | €58,414 | -€19,748 | -25.3% |
| Deferred charges and accrued income | 490/1 | €2,985 | €7,164 | +€4,179 | +140% |
| Total equity and liabilities | 10/49 | €103,130 | €91,076 | -€12,054 | -11.7% |
| Equity | 10/15 | €57,772 | €48,628 | -€9,144 | -15.8% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €43,512 | €34,368 | -€9,144 | -21.0% |
| Non-distributable reserves | 130/1 | €43,512 | €34,368 | -€9,144 | -21.0% |
| Other | 1319 | €43,512 | €34,368 | -€9,144 | -21.0% |
| Amounts payable | 17/49 | €45,358 | €42,449 | -€2,909 | -6.4% |
| Amounts payable within one year | 42/48 | €45,358 | €42,449 | -€2,909 | -6.4% |
| Trade debts | 44 | €2,567 | €12,085 | +€9,518 | +371% |
| Suppliers | 440/4 | €2,567 | €12,085 | +€9,518 | +371% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €9,808 | €2,483 | -€7,325 | -74.7% |
| Taxes | 450/3 | €9,808 | €2,339 | -€7,469 | -76.1% |
| Remuneration and social security | 454/9 | - | €144 | +€144 | |
| Other amounts payable | 47/48 | €32,982 | €26,880 | -€6,102 | -18.5% |
| Non-recurring operating income | 76A | €5,933 | €5,338 | -€594 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €884 | €52 | -€831 | -94.1% |
| Other operating charges | 640/8 | €582 | €902 | +€320 | +55.1% |
| Gross operating margin | 9900 | €26,268 | €25,999 | -€269 | -1.0% |
| Operating profit (loss) | 9901 | €24,802 | €25,044 | +€242 | +1.0% |
| Financial income | 75/76B | €153 | €289 | +€136 | +88.8% |
| Recurring financial income | 75 | €153 | €289 | +€136 | +88.8% |
| Non-recurring financial income | 76B | €153 | €289 | +€136 | +88.8% |
| Financial charges | 65/66B | €158 | €575 | +€416 | +263% |
| Recurring financial charges | 65 | €158 | €575 | +€416 | +263% |
| Profit (loss) for the period before taxes | 9903 | €24,797 | €24,759 | -€38 | -0.2% |
| Income taxes | 67/77 | €7,281 | €7,074 | -€207 | -2.8% |
| Profit (loss) for the period | 9904 | €17,516 | €17,684 | +€168 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,516 | €17,684 | +€168 | +1.0% |
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 19 October 2026 via checked.be.