VET2CONSULT: 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.
VET2CONSULT
Largest movements
- Tangible fixed assets -€50,685
down €50,685 (-24.5%), from €206,997 to €156,312
of which Other tangible fixed assets: -€30,442
- Receivables after one year -€16,157
down €16,157 (-36.7%), from €44,012 to €27,855
- Receivables within one year -€14,039
down €14,039 (-39.9%), from €35,161 to €21,122
of which Other amounts receivable: -€9,500
- Cash +€4,434
up €4,434 (+8.7%), from €51,230 to €55,664
mainly Depreciation (+€55,558) and Net result for the year (+€23,310)
- Stocks and contracts -€4,350
down €4,350 (-10.7%), from €40,559 to €36,209
- Debts after one year -€33,379
down €33,379 (-18.4%), from €181,525 to €148,146
- Trade debts -€18,579
down €18,579 (-67.7%), from €27,436 to €8,857
- Reserves -€16,690
down €16,690 (-17.5%), from €95,471 to €78,780
- Current portion of long-term debt -€11,641
down €11,641 (-25.9%), from €45,020 to €33,379
- Taxes +€5,287
up €5,287 (+90.2%), from €5,859 to €11,146
- Gross operating margin -€2,552
down €2,552 (-1.8%), from €139,214 to €136,662
- Depreciation +€1,733
up €1,733 (+3.2%), from €53,825 to €55,558
- Staff costs +€1,414
up €1,414 (+3.8%), from €37,226 to €38,641
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 | €381,958 | €303,148 | -€78,810 | -20.6% |
| Fixed assets | 21/28 | €208,897 | €159,087 | -€49,810 | -23.8% |
| Tangible fixed assets | 22/27 | €206,997 | €156,312 | -€50,685 | -24.5% |
| Land and buildings | 22 | €40,249 | €37,875 | -€2,375 | -5.9% |
| Plant, machinery and equipment | 23 | €49,451 | €37,282 | -€12,169 | -24.6% |
| Furniture and vehicles | 24 | €8,759 | €8,494 | -€265 | -3.0% |
| Leasing and similar rights | 25 | €23,115 | €17,681 | -€5,434 | -23.5% |
| Other tangible fixed assets | 26 | €85,422 | €54,980 | -€30,442 | -35.6% |
| Financial fixed assets | 28 | €1,900 | €2,775 | +€875 | +46.1% |
| Current assets | 29/58 | €173,061 | €144,061 | -€29,000 | -16.8% |
| Amounts receivable after more than one year | 29 | €44,012 | €27,855 | -€16,157 | -36.7% |
| Other amounts receivable | 291 | €44,012 | €27,855 | -€16,157 | -36.7% |
| Stocks and contracts in progress | 3 | €40,559 | €36,209 | -€4,350 | -10.7% |
| Stocks | 30/36 | €40,559 | €36,209 | -€4,350 | -10.7% |
| Amounts receivable within one year | 40/41 | €35,161 | €21,122 | -€14,039 | -39.9% |
| Trade receivables | 40 | €25,660 | €21,122 | -€4,539 | -17.7% |
| Other amounts receivable | 41 | €9,500 | - | -€9,500 | |
| Cash at bank and in hand | 54/58 | €51,230 | €55,664 | +€4,434 | +8.7% |
| Deferred charges and accrued income | 490/1 | €2,099 | €3,211 | +€1,112 | +53.0% |
| Total equity and liabilities | 10/49 | €381,958 | €303,148 | -€78,810 | -20.6% |
| Equity | 10/15 | €107,871 | €91,180 | -€16,690 | -15.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €95,471 | €78,780 | -€16,690 | -17.5% |
| Distributable reserves | 133 | €95,471 | €78,780 | -€16,690 | -17.5% |
| Amounts payable | 17/49 | €274,087 | €211,967 | -€62,120 | -22.7% |
| Amounts payable after more than one year | 17 | €181,525 | €148,146 | -€33,379 | -18.4% |
| Financial debts | 170/4 | €181,525 | €148,146 | -€33,379 | -18.4% |
| Amounts payable within one year | 42/48 | €92,562 | €63,821 | -€28,741 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €45,020 | €33,379 | -€11,641 | -25.9% |
| Trade debts | 44 | €27,436 | €8,857 | -€18,579 | -67.7% |
| Suppliers | 440/4 | €27,436 | €8,857 | -€18,579 | -67.7% |
| Taxes, remuneration and social security | 45 | €20,106 | €21,098 | +€992 | +4.9% |
| Taxes | 450/3 | €9,616 | €16,472 | +€6,856 | +71.3% |
| Remuneration and social security | 454/9 | €10,490 | €4,625 | -€5,865 | -55.9% |
| Other amounts payable | 47/48 | - | €487 | +€487 | |
| Non-recurring operating income | 76A | €79 | - | -€79 | |
| Remuneration, social security and pensions | 62 | €37,226 | €38,641 | +€1,414 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,825 | €55,558 | +€1,733 | +3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €128 | - | -€128 | |
| Other operating charges | 640/8 | €791 | €861 | +€71 | +8.9% |
| Non-recurring operating charges | 66A | €9,606 | - | -€9,606 | |
| Gross operating margin | 9900 | €139,214 | €136,662 | -€2,552 | -1.8% |
| Operating profit (loss) | 9901 | €37,638 | €41,603 | +€3,964 | +10.5% |
| Financial income | 75/76B | €1,339 | €931 | -€408 | -30.5% |
| Recurring financial income | 75 | €1,339 | €931 | -€408 | -30.5% |
| Financial charges | 65/66B | €8,951 | €8,078 | -€873 | -9.7% |
| Recurring financial charges | 65 | €8,951 | €8,078 | -€873 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €30,027 | €34,455 | +€4,429 | +14.7% |
| Income taxes | 67/77 | €5,859 | €11,146 | +€5,287 | +90.2% |
| Profit (loss) for the period | 9904 | €24,168 | €23,310 | -€858 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,168 | €23,310 | -€858 | -3.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.