VET'PASSION: 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'PASSION
Largest movements
- Cash +€91,095
up €91,095 (+51.2%), from €177,762 to €268,857
mainly Net result for the year (+€34,364) and Depreciation (+€30,703)
- Intangible fixed assets -€24,000
down €24,000 (-40.0%), from €60,000 to €36,000
- Tangible fixed assets -€4,303
down €4,303 (-29.4%), from €14,658 to €10,355
of which Furniture and vehicles: -€4,651
- Stocks and contracts +€3,855
up €3,855 (+93.0%), from €4,147 to €8,002
- Reserves +€34,100
up €34,100 (+95.0%), from €35,900 to €70,000
- Other debts +€27,294
up €27,294 (+13.6%), from €200,713 to €228,007
- Tax, wage and social debts +€4,836
up €4,836 (+36.6%), from €13,226 to €18,062
of which Taxes: +€3,309
- Gross operating margin +€32,509
up €32,509 (+49.3%), from €65,900 to €98,409
- Staff costs +€17,746
up €17,746 (+1,183%), from €1,500 to €19,246
- Depreciation -€4,434
down €4,434 (-12.6%), from €35,137 to €30,703
- Taxes +€4,003
up €4,003 (+72.9%), from €5,490 to €9,493
- Financial charges +€1,275
up €1,275 (+48.4%), from €2,635 to €3,910
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 | €257,589 | €325,004 | +€67,415 | +26.2% |
| Fixed assets | 21/28 | €74,658 | €46,355 | -€28,303 | -37.9% |
| Intangible fixed assets | 21 | €60,000 | €36,000 | -€24,000 | -40.0% |
| Tangible fixed assets | 22/27 | €14,658 | €10,355 | -€4,303 | -29.4% |
| Plant, machinery and equipment | 23 | €750 | €2,637 | +€1,887 | +252% |
| Furniture and vehicles | 24 | €4,651 | - | -€4,651 | |
| Other tangible fixed assets | 26 | €9,257 | €7,718 | -€1,539 | -16.6% |
| Current assets | 29/58 | €182,931 | €278,649 | +€95,718 | +52.3% |
| Stocks and contracts in progress | 3 | €4,147 | €8,002 | +€3,855 | +93.0% |
| Stocks | 30/36 | €4,147 | €8,002 | +€3,855 | +93.0% |
| Amounts receivable within one year | 40/41 | €463 | €713 | +€250 | +54.0% |
| Other amounts receivable | 41 | €463 | €713 | +€250 | +54.0% |
| Cash at bank and in hand | 54/58 | €177,762 | €268,857 | +€91,095 | +51.2% |
| Deferred charges and accrued income | 490/1 | €559 | €1,077 | +€518 | +92.7% |
| Total equity and liabilities | 10/49 | €257,589 | €325,004 | +€67,415 | +26.2% |
| Equity | 10/15 | €41,587 | €75,951 | +€34,364 | +82.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,900 | €70,000 | +€34,100 | +95.0% |
| Distributable reserves | 133 | €35,900 | €70,000 | +€34,100 | +95.0% |
| Profit (loss) carried forward | 14 | €687 | €951 | +€264 | +38.4% |
| Amounts payable | 17/49 | €216,002 | €249,053 | +€33,051 | +15.3% |
| Amounts payable within one year | 42/48 | €216,002 | €249,053 | +€33,051 | +15.3% |
| Trade debts | 44 | €2,063 | €2,984 | +€921 | +44.6% |
| Suppliers | 440/4 | €2,063 | €2,984 | +€921 | +44.6% |
| Taxes, remuneration and social security | 45 | €13,226 | €18,062 | +€4,836 | +36.6% |
| Taxes | 450/3 | €11,919 | €15,228 | +€3,309 | +27.8% |
| Remuneration and social security | 454/9 | €1,307 | €2,834 | +€1,527 | +117% |
| Other amounts payable | 47/48 | €200,713 | €228,007 | +€27,294 | +13.6% |
| Remuneration, social security and pensions | 62 | €1,500 | €19,246 | +€17,746 | +1,183% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,137 | €30,703 | -€4,434 | -12.6% |
| Other operating charges | 640/8 | €1,180 | €693 | -€487 | -41.3% |
| Gross operating margin | 9900 | €65,900 | €98,409 | +€32,509 | +49.3% |
| Operating profit (loss) | 9901 | €28,083 | €47,767 | +€19,684 | +70.1% |
| Financial charges | 65/66B | €2,635 | €3,910 | +€1,275 | +48.4% |
| Recurring financial charges | 65 | €2,635 | €3,910 | +€1,275 | +48.4% |
| Profit (loss) for the period before taxes | 9903 | €25,448 | €43,857 | +€18,409 | +72.3% |
| Income taxes | 67/77 | €5,490 | €9,493 | +€4,003 | +72.9% |
| Profit (loss) for the period | 9904 | €19,958 | €34,364 | +€14,406 | +72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,958 | €34,364 | +€14,406 | +72.2% |
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 13 October 2026 via checked.be.