VETALLIANCE: 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.
VETALLIANCE
Largest movements
- Cash +€232,338
up €232,338 (+82.3%), from €282,281 to €514,619
mainly Net result for the year (+€281,785) and Depreciation (+€52,089)
- Tangible fixed assets -€31,659
down €31,659 (-7.9%), from €399,120 to €367,461
of which Land and buildings: -€19,499
- Stocks and contracts +€19,400
up €19,400 (+72.0%), from €26,936 to €46,336
- Profit (loss) carried forward +€281,785
up €281,785 (+74.7%), from €377,382 to €659,167
- Current portion of long-term debt -€48,578
down €48,578 (-69.3%), from €70,114 to €21,536
- Debts after one year -€21,536
down €21,536 (-9.8%), from €219,444 to €197,908
of which Financial debts: -€21,536
- Tax, wage and social debts +€10,187
up €10,187 (+46.5%), from €21,914 to €32,100
of which Taxes: +€10,929
- Gross operating margin +€113,639
up €113,639 (+32.5%), from €349,970 to €463,608
- Taxes +€37,380
up €37,380 (+74.5%), from €50,191 to €87,571
- Staff costs +€5,412
up €5,412 (+19.4%), from €27,932 to €33,344
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 | €733,767 | €957,701 | +€223,934 | +30.5% |
| Formation expenses | 20 | €2,554 | €2,104 | -€450 | -17.6% |
| Fixed assets | 21/28 | €407,288 | €374,049 | -€33,239 | -8.2% |
| Intangible fixed assets | 21 | €6,061 | €4,481 | -€1,580 | -26.1% |
| Tangible fixed assets | 22/27 | €399,120 | €367,461 | -€31,659 | -7.9% |
| Land and buildings | 22 | €317,604 | €298,105 | -€19,499 | -6.1% |
| Plant, machinery and equipment | 23 | €38,519 | €35,402 | -€3,117 | -8.1% |
| Furniture and vehicles | 24 | €2,241 | €642 | -€1,600 | -71.4% |
| Other tangible fixed assets | 26 | €40,756 | €33,313 | -€7,444 | -18.3% |
| Financial fixed assets | 28 | €2,106 | €2,106 | = | 0.0% |
| Current assets | 29/58 | €323,925 | €581,548 | +€257,623 | +79.5% |
| Stocks and contracts in progress | 3 | €26,936 | €46,336 | +€19,400 | +72.0% |
| Stocks | 30/36 | €26,936 | €46,336 | +€19,400 | +72.0% |
| Amounts receivable within one year | 40/41 | €11,928 | €17,742 | +€5,814 | +48.7% |
| Trade receivables | 40 | €7,228 | €15,342 | +€8,114 | +112.3% |
| Other amounts receivable | 41 | €4,700 | €2,400 | -€2,300 | -48.9% |
| Cash at bank and in hand | 54/58 | €282,281 | €514,619 | +€232,338 | +82.3% |
| Deferred charges and accrued income | 490/1 | €2,780 | €2,850 | +€70 | +2.5% |
| Total equity and liabilities | 10/49 | €733,767 | €957,701 | +€223,934 | +30.5% |
| Equity | 10/15 | €382,782 | €664,567 | +€281,785 | +73.6% |
| Contributions | 10/11 | €5,400 | €5,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €377,382 | €659,167 | +€281,785 | +74.7% |
| Amounts payable | 17/49 | €350,985 | €293,134 | -€57,852 | -16.5% |
| Amounts payable after more than one year | 17 | €219,444 | €197,908 | -€21,536 | -9.8% |
| Financial debts | 170/4 | €219,444 | €197,908 | -€21,536 | -9.8% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €131,192 | €95,171 | -€36,021 | -27.5% |
| Current portion of amounts payable after more than one year | 42 | €70,114 | €21,536 | -€48,578 | -69.3% |
| Trade debts | 44 | €39,164 | €41,535 | +€2,371 | +6.1% |
| Suppliers | 440/4 | €39,164 | €41,535 | +€2,371 | +6.1% |
| Taxes, remuneration and social security | 45 | €21,914 | €32,100 | +€10,187 | +46.5% |
| Taxes | 450/3 | €13,309 | €24,238 | +€10,929 | +82.1% |
| Remuneration and social security | 454/9 | €8,605 | €7,862 | -€743 | -8.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €350 | €55 | -€295 | -84.3% |
| Remuneration, social security and pensions | 62 | €27,932 | €33,344 | +€5,412 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,333 | €52,089 | +€2,755 | +5.6% |
| Other operating charges | 640/8 | €3,027 | €4,889 | +€1,862 | +61.5% |
| Gross operating margin | 9900 | €349,970 | €463,608 | +€113,639 | +32.5% |
| Operating profit (loss) | 9901 | €269,677 | €373,287 | +€103,610 | +38.4% |
| Financial income | 75/76B | €281 | €59 | -€222 | -79.0% |
| Recurring financial income | 75 | €281 | €59 | -€222 | -79.0% |
| Financial charges | 65/66B | €4,538 | €3,989 | -€549 | -12.1% |
| Recurring financial charges | 65 | €4,538 | €3,989 | -€549 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €265,420 | €369,357 | +€103,937 | +39.2% |
| Income taxes | 67/77 | €50,191 | €87,571 | +€37,380 | +74.5% |
| Profit (loss) for the period | 9904 | €215,228 | €281,785 | +€66,557 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €215,228 | €281,785 | +€66,557 | +30.9% |
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 2 October 2026 via checked.be.