VET2YOU: 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.
VET2YOU
Largest movements
- Cash -€23,349
down €23,349 (-40.8%), from €57,165 to €33,816
mainly Net result for the year (-€23,294) and Debts after one year (-€12,690)
- Stocks and contracts +€4,259
up €4,259 (+20.7%), from €20,618 to €24,877
- Tangible fixed assets -€3,162
down €3,162 (-5.6%), from €56,207 to €53,046
of which Plant, machinery and equipment: -€2,165
- Receivables within one year +€3,160
up €3,160 (+52.5%), from €6,015 to €9,174
of which Other amounts receivable: +€2,938
- Intangible fixed assets -€1,472
down €1,472 (-100%), from €1,472 to €0
- Profit (loss) carried forward -€23,294
down €23,294 (-69.6%), from €33,486 to €10,192
- Trade debts +€17,174
up €17,174 (+611%), from €2,810 to €19,983
- Debts after one year -€12,690
down €12,690 (-19.0%), from €66,792 to €54,102
- Gross operating margin -€48,601
down €48,601, from €43,494 to -€5,107
- Taxes -€5,231
no longer reported in 2025 (was €5,231)
- Depreciation +€902
up €902 (+6.7%), from €13,381 to €14,283
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 | €141,477 | €122,300 | -€19,177 | -13.6% |
| Fixed assets | 21/28 | €57,679 | €53,046 | -€4,633 | -8.0% |
| Intangible fixed assets | 21 | €1,472 | €0 | -€1,472 | -100% |
| Tangible fixed assets | 22/27 | €56,207 | €53,046 | -€3,162 | -5.6% |
| Plant, machinery and equipment | 23 | €5,646 | €3,481 | -€2,165 | -38.3% |
| Furniture and vehicles | 24 | €3,729 | €2,103 | -€1,626 | -43.6% |
| Other tangible fixed assets | 26 | €46,832 | €47,461 | +€629 | +1.3% |
| Current assets | 29/58 | €83,798 | €69,255 | -€14,544 | -17.4% |
| Stocks and contracts in progress | 3 | €20,618 | €24,877 | +€4,259 | +20.7% |
| Stocks | 30/36 | €20,618 | €24,877 | +€4,259 | +20.7% |
| Amounts receivable within one year | 40/41 | €6,015 | €9,174 | +€3,160 | +52.5% |
| Trade receivables | 40 | €6,015 | €6,236 | +€221 | +3.7% |
| Other amounts receivable | 41 | - | €2,938 | +€2,938 | |
| Cash at bank and in hand | 54/58 | €57,165 | €33,816 | -€23,349 | -40.8% |
| Deferred charges and accrued income | 490/1 | €0 | €1,387 | +€1,387 | |
| Total equity and liabilities | 10/49 | €141,477 | €122,300 | -€19,177 | -13.6% |
| Equity | 10/15 | €53,486 | €30,192 | -€23,294 | -43.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,486 | €10,192 | -€23,294 | -69.6% |
| Amounts payable | 17/49 | €87,991 | €92,108 | +€4,117 | +4.7% |
| Amounts payable after more than one year | 17 | €66,792 | €54,102 | -€12,690 | -19.0% |
| Financial debts | 170/4 | €66,792 | €54,102 | -€12,690 | -19.0% |
| Amounts payable within one year | 42/48 | €21,199 | €38,006 | +€16,807 | +79.3% |
| Current portion of amounts payable after more than one year | 42 | €12,338 | €12,690 | +€352 | +2.9% |
| Trade debts | 44 | €2,810 | €19,983 | +€17,174 | +611% |
| Suppliers | 440/4 | €2,810 | €19,983 | +€17,174 | +611% |
| Taxes, remuneration and social security | 45 | €6,051 | €5,332 | -€718 | -11.9% |
| Taxes | 450/3 | €6,051 | €5,332 | -€718 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,381 | €14,283 | +€902 | +6.7% |
| Other operating charges | 640/8 | €938 | €928 | -€10 | -1.1% |
| Gross operating margin | 9900 | €43,494 | -€5,107 | -€48,601 | |
| Operating profit (loss) | 9901 | €29,175 | -€20,318 | -€49,493 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,318 | €2,976 | -€342 | -10.3% |
| Recurring financial charges | 65 | €3,318 | €2,976 | -€342 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €25,857 | -€23,294 | -€49,151 | |
| Income taxes | 67/77 | €5,231 | - | -€5,231 | |
| Profit (loss) for the period | 9904 | €20,626 | -€23,294 | -€43,920 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,626 | -€23,294 | -€43,920 |
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 31 October 2026 via checked.be.