VETANIMA: 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.
VETANIMA
Largest movements
- Cash -€61,002
down €61,002 (-72.8%), from €83,745 to €22,743
mainly Other debts (-€71,204) and Debts after one year (-€17,712)
- Intangible fixed assets -€10,000
down €10,000 (-14.3%), from €70,000 to €60,000
- Other debts -€71,204
down €71,204 (-71.2%), from €100,038 to €28,834
- Debts after one year -€17,712
down €17,712 (-29.2%), from €60,759 to €43,047
- Profit (loss) carried forward +€8,959
up €8,959 (+61.0%), from €14,694 to €23,653
- Tax, wage and social debts +€6,623
up €6,623 (+757.6%), from €874 to €7,497
- Gross operating margin +€7,116
up €7,116 (+25.6%), from €27,834 to €34,950
- Taxes +€1,592
up €1,592 (+116.6%), from €1,365 to €2,958
- Depreciation +€728
up €728 (+3.9%), from €18,727 to €19,455
- Other operating charges -€629
down €629 (-36.0%), from €1,750 to €1,120
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 | €198,072 | €125,373 | -€72,699 | -36.7% |
| Fixed assets | 21/28 | €102,132 | €91,840 | -€10,292 | -10.1% |
| Intangible fixed assets | 21 | €70,000 | €60,000 | -€10,000 | -14.3% |
| Tangible fixed assets | 22/27 | €32,085 | €31,793 | -€292 | -0.9% |
| Plant, machinery and equipment | 23 | - | €8,434 | +€8,434 | |
| Furniture and vehicles | 24 | €32,085 | €23,359 | -€8,727 | -27.2% |
| Financial fixed assets | 28 | €47 | €47 | = | 0.0% |
| Current assets | 29/58 | €95,940 | €33,533 | -€62,407 | -65.0% |
| Amounts receivable within one year | 40/41 | €10,863 | €9,394 | -€1,469 | -13.5% |
| Trade receivables | 40 | €10,863 | €6,852 | -€4,011 | -36.9% |
| Other amounts receivable | 41 | - | €2,542 | +€2,542 | |
| Cash at bank and in hand | 54/58 | €83,745 | €22,743 | -€61,002 | -72.8% |
| Deferred charges and accrued income | 490/1 | €1,332 | €1,396 | +€64 | +4.8% |
| Total equity and liabilities | 10/49 | €198,072 | €125,373 | -€72,699 | -36.7% |
| Equity | 10/15 | €16,694 | €25,653 | +€8,959 | +53.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,694 | €23,653 | +€8,959 | +61.0% |
| Amounts payable | 17/49 | €181,378 | €99,720 | -€81,658 | -45.0% |
| Amounts payable after more than one year | 17 | €60,759 | €43,047 | -€17,712 | -29.2% |
| Financial debts | 170/4 | €60,759 | €43,047 | -€17,712 | -29.2% |
| Amounts payable within one year | 42/48 | €120,619 | €56,673 | -€63,946 | -53.0% |
| Current portion of amounts payable after more than one year | 42 | €17,148 | €17,712 | +€564 | +3.3% |
| Trade debts | 44 | €2,558 | €2,629 | +€71 | +2.8% |
| Suppliers | 440/4 | €2,558 | €2,629 | +€71 | +2.8% |
| Taxes, remuneration and social security | 45 | €874 | €7,497 | +€6,623 | +757.6% |
| Taxes | 450/3 | €874 | €7,497 | +€6,623 | +757.6% |
| Other amounts payable | 47/48 | €100,038 | €28,834 | -€71,204 | -71.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,727 | €19,455 | +€728 | +3.9% |
| Other operating charges | 640/8 | €1,750 | €1,120 | -€629 | -36.0% |
| Gross operating margin | 9900 | €27,834 | €34,950 | +€7,116 | +25.6% |
| Operating profit (loss) | 9901 | €7,358 | €14,375 | +€7,017 | +95.4% |
| Financial charges | 65/66B | €2,302 | €2,459 | +€157 | +6.8% |
| Recurring financial charges | 65 | €2,302 | €2,459 | +€157 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €5,056 | €11,917 | +€6,861 | +135.7% |
| Income taxes | 67/77 | €1,365 | €2,958 | +€1,592 | +116.6% |
| Profit (loss) for the period | 9904 | €3,690 | €8,959 | +€5,269 | +142.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,690 | €8,959 | +€5,269 | +142.8% |
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 7 October 2026 via checked.be.