VET33: what changed
Two fiscal 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.
VET33
Largest movements
- Cash -€49,395
down €49,395 (-57.4%), from €86,082 to €36,687
mainly Debts after one year (-€35,894) and Deferred charges and accrued income (-€32,464)
- Deferred charges and accrued income +€32,464
new in 2024: €32,464
- Receivables within one year +€26,354
up €26,354 (+1445.6%), from €1,823 to €28,178
of which Other amounts receivable: +€24,680
- Stocks and contracts +€25,000
up €25,000 (+57.5%), from €43,480 to €68,480
- Tangible fixed assets -€7,975
down €7,975 (-12.5%), from €63,899 to €55,924
of which Furniture and vehicles: -€6,646
- Debts after one year -€35,894
no longer reported in 2024 (was €35,894)
- Profit (loss) carried forward +€17,643
up €17,643 (+26.4%), from €66,868 to €84,511
- Current portion of long-term debt +€15,858
new in 2024: €15,858
- Tax, wage and social debts +€13,032
up €13,032 (+25.0%), from €52,157 to €65,189
of which Remuneration and social security: +€14,686
- Trade debts +€8,275
up €8,275 (+36.7%), from €22,572 to €30,847
- Gross operating margin -€14,095
down €14,095 (-9.8%), from €143,499 to €129,404
- Financial charges -€12,841
down €12,841 (-72.4%), from €17,736 to €4,895
of which Non-recurring financial charges: -€16,020
- Staff costs +€11,042
up €11,042 (+17.3%), from €63,874 to €74,916
- Depreciation +€1,604
up €1,604 (+7.6%), from €21,075 to €22,678
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €276,883 | €297,333 | +€20,449 | +7.4% |
| Fixed assets | 21/28 | €99,899 | €85,924 | -€13,975 | -14.0% |
| Intangible fixed assets | 21 | €36,000 | €30,000 | -€6,000 | -16.7% |
| Tangible fixed assets | 22/27 | €63,899 | €55,924 | -€7,975 | -12.5% |
| Plant, machinery and equipment | 23 | €14,320 | €12,991 | -€1,329 | -9.3% |
| Furniture and vehicles | 24 | €49,579 | €42,933 | -€6,646 | -13.4% |
| Current assets | 29/58 | €176,984 | €211,409 | +€34,424 | +19.5% |
| Amounts receivable after more than one year | 29 | €45,599 | €45,600 | +€1 | 0.0% |
| Other amounts receivable | 291 | €45,599 | €45,600 | +€1 | 0.0% |
| Stocks and contracts in progress | 3 | €43,480 | €68,480 | +€25,000 | +57.5% |
| Stocks | 30/36 | €43,480 | €68,480 | +€25,000 | +57.5% |
| Amounts receivable within one year | 40/41 | €1,823 | €28,178 | +€26,354 | +1445.6% |
| Trade receivables | 40 | €1,823 | €3,498 | +€1,675 | +91.9% |
| Other amounts receivable | 41 | - | €24,680 | +€24,680 | |
| Cash at bank and in hand | 54/58 | €86,082 | €36,687 | -€49,395 | -57.4% |
| Deferred charges and accrued income | 490/1 | - | €32,464 | +€32,464 | |
| Total equity and liabilities | 10/49 | €276,883 | €297,333 | +€20,449 | +7.4% |
| Equity | 10/15 | €66,868 | €84,511 | +€17,643 | +26.4% |
| Profit (loss) carried forward | 14 | €66,868 | €84,511 | +€17,643 | +26.4% |
| Amounts payable | 17/49 | €210,015 | €212,822 | +€2,806 | +1.3% |
| Amounts payable after more than one year | 17 | €35,894 | - | -€35,894 | |
| Financial debts | 170/4 | €35,894 | - | -€35,894 | |
| Amounts payable within one year | 42/48 | €174,121 | €212,822 | +€38,700 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | - | €15,858 | +€15,858 | |
| Trade debts | 44 | €22,572 | €30,847 | +€8,275 | +36.7% |
| Suppliers | 440/4 | €22,572 | €30,847 | +€8,275 | +36.7% |
| Taxes, remuneration and social security | 45 | €52,157 | €65,189 | +€13,032 | +25.0% |
| Taxes | 450/3 | €52,157 | €50,503 | -€1,653 | -3.2% |
| Remuneration and social security | 454/9 | - | €14,686 | +€14,686 | |
| Other amounts payable | 47/48 | €99,393 | €100,928 | +€1,535 | +1.5% |
| Remuneration, social security and pensions | 62 | €63,874 | €74,916 | +€11,042 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,075 | €22,678 | +€1,604 | +7.6% |
| Other operating charges | 640/8 | €1,734 | €2,232 | +€497 | +28.7% |
| Gross operating margin | 9900 | €143,499 | €129,404 | -€14,095 | -9.8% |
| Operating profit (loss) | 9901 | €56,817 | €29,578 | -€27,239 | -47.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €17,736 | €4,895 | -€12,841 | -72.4% |
| Recurring financial charges | 65 | €1,716 | €4,895 | +€3,180 | +185.3% |
| Non-recurring financial charges | 66B | €16,020 | - | -€16,020 | |
| Profit (loss) for the period before taxes | 9903 | €39,081 | €24,683 | -€14,398 | -36.8% |
| Profit (loss) for the period | 9904 | €39,081 | €24,683 | -€14,398 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,081 | €24,683 | -€14,398 | -36.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.