VETA: 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.
VETA
Largest movements
- Tangible fixed assets -€2,115
down €2,115 (-2.8%), from €75,884 to €73,768
- Trade debts -€6,001
down €6,001 (-38.8%), from €15,468 to €9,467
- Other debts +€3,289
up €3,289 (+25.4%), from €12,950 to €16,239
- Reserves -€2,155
down €2,155 (-4.5%), from €48,261 to €46,106
of which Tax-exempt reserves: -€2,155
- Profit (loss) carried forward +€1,694
up €1,694 (+145%), from €1,170 to €2,865
- Gross operating margin -€1,371
down €1,371 (-12.2%), from €11,275 to €9,904
- Financial charges -€666
down €666 (-22.0%), from €3,025 to €2,359
- Depreciation +€187
up €187 (+4.1%), from €4,578 to €4,765
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 | €96,590 | €93,708 | -€2,881 | -3.0% |
| Fixed assets | 21/28 | €75,884 | €73,768 | -€2,115 | -2.8% |
| Tangible fixed assets | 22/27 | €75,884 | €73,768 | -€2,115 | -2.8% |
| Land and buildings | 22 | €75,884 | €73,768 | -€2,115 | -2.8% |
| Current assets | 29/58 | €20,706 | €19,940 | -€766 | -3.7% |
| Amounts receivable within one year | 40/41 | €18,224 | €18,041 | -€183 | -1.0% |
| Trade receivables | 40 | €1,168 | €210 | -€958 | -82.0% |
| Other amounts receivable | 41 | €17,056 | €17,831 | +€775 | +4.5% |
| Cash at bank and in hand | 54/58 | €1,273 | €627 | -€645 | -50.7% |
| Deferred charges and accrued income | 490/1 | €1,209 | €1,272 | +€62 | +5.2% |
| Total equity and liabilities | 10/49 | €96,590 | €93,708 | -€2,881 | -3.0% |
| Equity | 10/15 | €68,032 | €67,571 | -€461 | -0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,261 | €46,106 | -€2,155 | -4.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,551 | €19,396 | -€2,155 | -10.0% |
| Distributable reserves | 133 | €24,850 | €24,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,170 | €2,865 | +€1,694 | +145% |
| Amounts payable | 17/49 | €28,558 | €26,137 | -€2,420 | -8.5% |
| Amounts payable within one year | 42/48 | €28,558 | €26,137 | -€2,420 | -8.5% |
| Trade debts | 44 | €15,468 | €9,467 | -€6,001 | -38.8% |
| Suppliers | 440/4 | €15,468 | €9,467 | -€6,001 | -38.8% |
| Taxes, remuneration and social security | 45 | €140 | €432 | +€292 | +209% |
| Taxes | 450/3 | €140 | €432 | +€292 | +209% |
| Other amounts payable | 47/48 | €12,950 | €16,239 | +€3,289 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,578 | €4,765 | +€187 | +4.1% |
| Other operating charges | 640/8 | €3,067 | €3,104 | +€37 | +1.2% |
| Gross operating margin | 9900 | €11,275 | €9,904 | -€1,371 | -12.2% |
| Operating profit (loss) | 9901 | €3,630 | €2,034 | -€1,595 | -44.0% |
| Financial charges | 65/66B | €3,025 | €2,359 | -€666 | -22.0% |
| Recurring financial charges | 65 | €3,025 | €2,359 | -€666 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €605 | -€324 | -€929 | |
| Income taxes | 67/77 | €140 | €137 | -€3 | -2.1% |
| Profit (loss) for the period | 9904 | €465 | -€461 | -€926 | |
| Transfer from tax-exempt reserves | 789 | €2,155 | €2,155 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,620 | €1,694 | -€926 | -35.3% |
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 15 October 2026 via checked.be.