VETAK: 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.
VETAK
Largest movements
- Receivables within one year +€48,431
up €48,431 (+11.4%), from €424,772 to €473,203
of which Trade receivables: +€48,400
- Other debts +€60,348
up €60,348 (+3.9%), from €1.5m to €1.6m
- Profit (loss) carried forward -€20,072
down €20,072 (-208.0%), from -€9,650 to -€29,721
- Gross operating margin -€16,883
down €16,883 (-27.9%), from €60,473 to €43,590
- Financial charges +€1,387
up €1,387 (+2.3%), from €59,267 to €60,654
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.
Cash bridge derived
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 | €1,840,513 | €1,888,707 | +€48,194 | +2.6% |
| Fixed assets | 21/28 | €1,411,697 | €1,411,556 | -€142 | 0.0% |
| Tangible fixed assets | 22/27 | €296 | €155 | -€142 | -47.8% |
| Furniture and vehicles | 24 | €296 | €155 | -€142 | -47.8% |
| Financial fixed assets | 28 | €1,411,401 | €1,411,401 | = | 0.0% |
| Current assets | 29/58 | €428,816 | €477,151 | +€48,336 | +11.3% |
| Amounts receivable within one year | 40/41 | €424,772 | €473,203 | +€48,431 | +11.4% |
| Trade receivables | 40 | €84,700 | €133,100 | +€48,400 | +57.1% |
| Other amounts receivable | 41 | €340,072 | €340,103 | +€31 | 0.0% |
| Cash at bank and in hand | 54/58 | €4,044 | €3,246 | -€798 | -19.7% |
| Deferred charges and accrued income | 490/1 | - | €702 | +€702 | |
| Total equity and liabilities | 10/49 | €1,840,513 | €1,888,707 | +€48,194 | +2.6% |
| Equity | 10/15 | €285,679 | €265,607 | -€20,072 | -7.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €289,129 | €289,129 | = | 0.0% |
| Distributable reserves | 133 | €289,129 | €289,129 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,650 | -€29,721 | -€20,072 | -208.0% |
| Amounts payable | 17/49 | €1,554,834 | €1,623,100 | +€68,266 | +4.4% |
| Amounts payable within one year | 42/48 | €1,554,834 | €1,623,100 | +€68,266 | +4.4% |
| Trade debts | 44 | €4,596 | €12,526 | +€7,930 | +172.5% |
| Suppliers | 440/4 | €4,596 | €12,526 | +€7,930 | +172.5% |
| Taxes, remuneration and social security | 45 | €5,978 | €5,966 | -€11 | -0.2% |
| Taxes | 450/3 | €5,978 | €5,966 | -€11 | -0.2% |
| Other amounts payable | 47/48 | €1,544,260 | €1,604,608 | +€60,348 | +3.9% |
| Remuneration, social security and pensions | 62 | €1,690 | €1,440 | -€250 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €360 | €142 | -€219 | -60.7% |
| Other operating charges | 640/8 | €1,053 | €1,314 | +€261 | +24.8% |
| Gross operating margin | 9900 | €60,473 | €43,590 | -€16,883 | -27.9% |
| Operating profit (loss) | 9901 | €57,370 | €40,694 | -€16,676 | -29.1% |
| Financial income | 75/76B | €145 | €80 | -€65 | -44.5% |
| Recurring financial income | 75 | €145 | €80 | -€65 | -44.5% |
| Financial charges | 65/66B | €59,267 | €60,654 | +€1,387 | +2.3% |
| Recurring financial charges | 65 | €59,267 | €60,654 | +€1,387 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,752 | -€19,879 | -€18,127 | -1034.8% |
| Income taxes | 67/77 | €128 | €193 | +€65 | +50.7% |
| Profit (loss) for the period | 9904 | -€1,880 | -€20,072 | -€18,192 | -967.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,880 | -€20,072 | -€18,192 | -967.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.