VET UP: 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 UP
Largest movements
- Cash +€61,983
up €61,983 (+119%), from €51,977 to €113,960
mainly Net result for the year (+€68,155) and Receivables after one year (+€12,500)
- Receivables after one year -€12,500
down €12,500 (-100%), from €12,500 to €0
- Receivables within one year +€7,249
up €7,249 (+127%), from €5,705 to €12,954
of which Trade receivables: +€7,560
- Tangible fixed assets -€1,964
down €1,964 (-32.6%), from €6,028 to €4,065
of which Furniture and vehicles: -€3,969
- Reserves +€68,155
up €68,155 (+194%), from €35,139 to €103,294
- Tax, wage and social debts -€9,878
down €9,878 (-28.3%), from €34,963 to €25,084
of which Remuneration and social security: -€15,560
- Other debts -€4,356
down €4,356 (-79.4%), from €5,489 to €1,133
- Gross operating margin +€53,932
up €53,932 (+127%), from €42,455 to €96,387
- Taxes +€12,419
up €12,419 (+106%), from €11,716 to €24,135
- Other operating charges +€1,790
up €1,790 (+187%), from €957 to €2,746
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,395 | €141,701 | +€54,307 | +62.1% |
| Fixed assets | 21/28 | €16,028 | €14,065 | -€1,964 | -12.3% |
| Tangible fixed assets | 22/27 | €6,028 | €4,065 | -€1,964 | -32.6% |
| Plant, machinery and equipment | 23 | €1,438 | €3,443 | +€2,005 | +139% |
| Furniture and vehicles | 24 | €4,591 | €622 | -€3,969 | -86.5% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €71,366 | €127,636 | +€56,270 | +78.8% |
| Amounts receivable after more than one year | 29 | €12,500 | €0 | -€12,500 | -100% |
| Other amounts receivable | 291 | €12,500 | €0 | -€12,500 | -100% |
| Amounts receivable within one year | 40/41 | €5,705 | €12,954 | +€7,249 | +127% |
| Trade receivables | 40 | €5,264 | €12,824 | +€7,560 | +144% |
| Other amounts receivable | 41 | €441 | €130 | -€311 | -70.4% |
| Cash at bank and in hand | 54/58 | €51,977 | €113,960 | +€61,983 | +119% |
| Deferred charges and accrued income | 490/1 | €1,184 | €722 | -€462 | -39.0% |
| Total equity and liabilities | 10/49 | €87,395 | €141,701 | +€54,307 | +62.1% |
| Equity | 10/15 | €45,139 | €113,294 | +€68,155 | +151% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €35,139 | €103,294 | +€68,155 | +194% |
| Distributable reserves | 133 | €35,139 | €103,294 | +€68,155 | +194% |
| Amounts payable | 17/49 | €42,256 | €28,408 | -€13,848 | -32.8% |
| Amounts payable within one year | 42/48 | €42,256 | €28,408 | -€13,848 | -32.8% |
| Trade debts | 44 | €1,804 | €2,190 | +€386 | +21.4% |
| Suppliers | 440/4 | €1,804 | €2,190 | +€386 | +21.4% |
| Taxes, remuneration and social security | 45 | €34,963 | €25,084 | -€9,878 | -28.3% |
| Taxes | 450/3 | €19,403 | €25,084 | +€5,682 | +29.3% |
| Remuneration and social security | 454/9 | €15,560 | €0 | -€15,560 | -100% |
| Other amounts payable | 47/48 | €5,489 | €1,133 | -€4,356 | -79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,933 | €1,176 | -€757 | -39.2% |
| Other operating charges | 640/8 | €957 | €2,746 | +€1,790 | +187% |
| Gross operating margin | 9900 | €42,455 | €96,387 | +€53,932 | +127% |
| Operating profit (loss) | 9901 | €39,565 | €92,464 | +€52,899 | +134% |
| Financial income | 75/76B | €613 | €0 | -€613 | -100.0% |
| Recurring financial income | 75 | €613 | €0 | -€613 | -100.0% |
| Financial charges | 65/66B | €529 | €174 | -€355 | -67.1% |
| Recurring financial charges | 65 | €529 | €174 | -€355 | -67.1% |
| Profit (loss) for the period before taxes | 9903 | €39,649 | €92,290 | +€52,641 | +133% |
| Income taxes | 67/77 | €11,716 | €24,135 | +€12,419 | +106% |
| Profit (loss) for the period | 9904 | €27,933 | €68,155 | +€40,222 | +144% |
| Profit (loss) for the period to be appropriated | 9905 | €27,933 | €68,155 | +€40,222 | +144% |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.