VET-SOLUTIONS: 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-SOLUTIONS
Largest movements
- Receivables within one year +€242,562
up €242,562 (+271%), from €89,433 to €331,995
of which Other amounts receivable: +€227,456
- Cash +€40,527
up €40,527 (+81.6%), from €49,691 to €90,217
mainly Net result for the year (+€179,780) and Other debts (+€149,324)
- Stocks and contracts +€37,749
up €37,749 (+89.9%), from €42,004 to €79,753
- Tangible fixed assets -€31,274
down €31,274 (-15.3%), from €204,203 to €172,929
of which Plant, machinery and equipment: -€16,389
- Current investments -€30,168
no longer reported in 2025 (was €30,168)
- Other debts +€149,324
up €149,324 (+953%), from €15,676 to €165,000
- Trade debts +€148,681
up €148,681 (+343%), from €43,361 to €192,042
- Debts after one year -€48,852
down €48,852 (-35.8%), from €136,547 to €87,695
- Current portion of long-term debt -€34,235
down €34,235 (-41.2%), from €83,087 to €48,852
- Tax, wage and social debts +€27,785
up €27,785 (+138%), from €20,173 to €47,958
of which Taxes: +€31,764
- Gross operating margin +€102,531
up €102,531 (+40.0%), from €256,373 to €358,904
- Taxes +€22,210
up €22,210 (+87.5%), from €25,390 to €47,600
- Staff costs +€18,477
up €18,477 (+25.2%), from €73,367 to €91,843
- Other operating charges -€12,277
down €12,277 (-89.8%), from €13,673 to €1,396
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 | €428,971 | €686,453 | +€257,482 | +60.0% |
| Fixed assets | 21/28 | €211,703 | €180,429 | -€31,274 | -14.8% |
| Tangible fixed assets | 22/27 | €204,203 | €172,929 | -€31,274 | -15.3% |
| Plant, machinery and equipment | 23 | €56,512 | €40,124 | -€16,389 | -29.0% |
| Furniture and vehicles | 24 | €26,165 | €17,178 | -€8,987 | -34.3% |
| Other tangible fixed assets | 26 | €121,526 | €115,627 | -€5,899 | -4.9% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €217,268 | €506,024 | +€288,757 | +133% |
| Stocks and contracts in progress | 3 | €42,004 | €79,753 | +€37,749 | +89.9% |
| Stocks | 30/36 | €42,004 | €79,753 | +€37,749 | +89.9% |
| Amounts receivable within one year | 40/41 | €89,433 | €331,995 | +€242,562 | +271% |
| Trade receivables | 40 | €68,547 | €83,654 | +€15,106 | +22.0% |
| Other amounts receivable | 41 | €20,886 | €248,341 | +€227,456 | +1,089% |
| Current investments | 50/53 | €30,168 | - | -€30,168 | |
| Cash at bank and in hand | 54/58 | €49,691 | €90,217 | +€40,527 | +81.6% |
| Deferred charges and accrued income | 490/1 | €5,972 | €4,059 | -€1,913 | -32.0% |
| Total equity and liabilities | 10/49 | €428,971 | €686,453 | +€257,482 | +60.0% |
| Equity | 10/15 | €130,127 | €144,906 | +€14,780 | +11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,326 | €9,326 | = | 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% |
| Distributable reserves | 133 | €7,466 | €7,466 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,200 | €116,980 | +€14,780 | +14.5% |
| Amounts payable | 17/49 | €298,844 | €541,547 | +€242,703 | +81.2% |
| Amounts payable after more than one year | 17 | €136,547 | €87,695 | -€48,852 | -35.8% |
| Financial debts | 170/4 | €136,547 | €87,695 | -€48,852 | -35.8% |
| Amounts payable within one year | 42/48 | €162,297 | €453,852 | +€291,555 | +180% |
| Current portion of amounts payable after more than one year | 42 | €83,087 | €48,852 | -€34,235 | -41.2% |
| Trade debts | 44 | €43,361 | €192,042 | +€148,681 | +343% |
| Suppliers | 440/4 | €43,361 | €192,042 | +€148,681 | +343% |
| Taxes, remuneration and social security | 45 | €20,173 | €47,958 | +€27,785 | +138% |
| Taxes | 450/3 | €4,866 | €36,630 | +€31,764 | +653% |
| Remuneration and social security | 454/9 | €15,307 | €11,328 | -€3,979 | -26.0% |
| Other amounts payable | 47/48 | €15,676 | €165,000 | +€149,324 | +953% |
| Remuneration, social security and pensions | 62 | €73,367 | €91,843 | +€18,477 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,172 | €38,502 | -€2,670 | -6.5% |
| Other operating charges | 640/8 | €13,673 | €1,396 | -€12,277 | -89.8% |
| Gross operating margin | 9900 | €256,373 | €358,904 | +€102,531 | +40.0% |
| Operating profit (loss) | 9901 | €128,162 | €227,163 | +€99,001 | +77.2% |
| Financial income | 75/76B | €1,871 | €3,324 | +€1,453 | +77.6% |
| Recurring financial income | 75 | €1,871 | €3,324 | +€1,453 | +77.6% |
| Financial charges | 65/66B | €2,442 | €3,107 | +€665 | +27.2% |
| Recurring financial charges | 65 | €2,442 | €3,107 | +€665 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €127,591 | €227,380 | +€99,789 | +78.2% |
| Income taxes | 67/77 | €25,390 | €47,600 | +€22,210 | +87.5% |
| Profit (loss) for the period | 9904 | €102,200 | €179,780 | +€77,579 | +75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €102,200 | €179,780 | +€77,579 | +75.9% |
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 24 October 2026 via checked.be.