VET4YOU: 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.
VET4YOU
Largest movements
- Tangible fixed assets -€26,466
down €26,466 (-17.1%), from €154,775 to €128,309
- Cash +€8,490
up €8,490 (+7.7%), from €110,497 to €118,987
mainly Net result for the year (+€91,174) and Other debts (+€27,350)
- Receivables within one year +€6,396
up €6,396 (+40.4%), from €15,813 to €22,209
of which Other amounts receivable: +€7,159
- Stocks and contracts +€5,493
up €5,493 (+7.4%), from €74,276 to €79,770
- Tax, wage and social debts -€31,991
down €31,991 (-33.7%), from €94,914 to €62,924
of which Taxes: -€25,551
- Other debts +€27,350
up €27,350 (+23.0%), from €119,000 to €146,350
- Trade debts +€26,060
up €26,060 (+78.5%), from €33,187 to €59,247
- Debts after one year -€25,273
down €25,273 (-59.8%), from €42,281 to €17,009
- Current portion of long-term debt -€3,814
down €3,814 (-13.1%), from €29,086 to €25,273
- Gross operating margin -€36,681
down €36,681 (-11.5%), from €319,592 to €282,911
- Staff costs +€29,368
up €29,368 (+28.6%), from €102,663 to €132,032
- Taxes -€16,248
down €16,248 (-38.2%), from €42,589 to €26,341
- Depreciation -€4,254
down €4,254 (-13.8%), from €30,720 to €26,466
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 | €370,660 | €363,167 | -€7,493 | -2.0% |
| Fixed assets | 21/28 | €164,955 | €138,489 | -€26,466 | -16.0% |
| Tangible fixed assets | 22/27 | €154,775 | €128,309 | -€26,466 | -17.1% |
| Plant, machinery and equipment | 23 | €81,081 | €69,005 | -€12,076 | -14.9% |
| Leasing and similar rights | 25 | €2,060 | - | -€2,060 | |
| Other tangible fixed assets | 26 | €71,634 | €59,304 | -€12,330 | -17.2% |
| Financial fixed assets | 28 | €10,180 | €10,180 | = | 0.0% |
| Current assets | 29/58 | €205,705 | €224,677 | +€18,973 | +9.2% |
| Stocks and contracts in progress | 3 | €74,276 | €79,770 | +€5,493 | +7.4% |
| Stocks | 30/36 | €74,276 | €79,770 | +€5,493 | +7.4% |
| Amounts receivable within one year | 40/41 | €15,813 | €22,209 | +€6,396 | +40.4% |
| Trade receivables | 40 | €15,813 | €15,050 | -€763 | -4.8% |
| Other amounts receivable | 41 | - | €7,159 | +€7,159 | |
| Cash at bank and in hand | 54/58 | €110,497 | €118,987 | +€8,490 | +7.7% |
| Deferred charges and accrued income | 490/1 | €5,118 | €3,711 | -€1,407 | -27.5% |
| Total equity and liabilities | 10/49 | €370,660 | €363,167 | -€7,493 | -2.0% |
| Equity | 10/15 | €52,190 | €52,364 | +€174 | +0.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,190 | €2,364 | +€174 | +7.9% |
| Amounts payable | 17/49 | €318,469 | €310,803 | -€7,667 | -2.4% |
| Amounts payable after more than one year | 17 | €42,281 | €17,009 | -€25,273 | -59.8% |
| Financial debts | 170/4 | €42,281 | €17,009 | -€25,273 | -59.8% |
| Amounts payable within one year | 42/48 | €276,188 | €293,794 | +€17,606 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €29,086 | €25,273 | -€3,814 | -13.1% |
| Trade debts | 44 | €33,187 | €59,247 | +€26,060 | +78.5% |
| Suppliers | 440/4 | €33,187 | €59,247 | +€26,060 | +78.5% |
| Taxes, remuneration and social security | 45 | €94,914 | €62,924 | -€31,991 | -33.7% |
| Taxes | 450/3 | €58,207 | €32,656 | -€25,551 | -43.9% |
| Remuneration and social security | 454/9 | €36,707 | €30,268 | -€6,439 | -17.5% |
| Other amounts payable | 47/48 | €119,000 | €146,350 | +€27,350 | +23.0% |
| Remuneration, social security and pensions | 62 | €102,663 | €132,032 | +€29,368 | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,720 | €26,466 | -€4,254 | -13.8% |
| Other operating charges | 640/8 | €720 | €680 | -€40 | -5.6% |
| Non-recurring operating charges | 66A | - | €3,890 | +€3,890 | |
| Gross operating margin | 9900 | €319,592 | €282,911 | -€36,681 | -11.5% |
| Operating profit (loss) | 9901 | €185,489 | €119,845 | -€65,644 | -35.4% |
| Financial income | 75/76B | €1 | €8 | +€8 | +918% |
| Recurring financial income | 75 | €1 | €8 | +€8 | +918% |
| Financial charges | 65/66B | €2,550 | €2,338 | -€212 | -8.3% |
| Recurring financial charges | 65 | €2,550 | €2,338 | -€212 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €182,939 | €117,515 | -€65,425 | -35.8% |
| Income taxes | 67/77 | €42,589 | €26,341 | -€16,248 | -38.2% |
| Profit (loss) for the period | 9904 | €140,351 | €91,174 | -€49,177 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €140,351 | €91,174 | -€49,177 | -35.0% |
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 27 October 2026 via checked.be.