VETASSO: 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.
VETASSO
Largest movements
- Tangible fixed assets -€8,722
down €8,722 (-12.7%), from €68,701 to €59,978
of which Land and buildings: -€6,413
- Cash +€7,980
up €7,980 (+25.2%), from €31,702 to €39,682
- Reserves +€2,968
up €2,968 (+14.2%), from €20,923 to €23,890
- Trade debts -€2,762
down €2,762 (-96.0%), from €2,878 to €116
- Gross operating margin +€9,605
up €9,605 (+4,770%), from €201 to €9,807
- Taxes +€789
new in 2025: €789
- Depreciation -€387
down €387 (-5.7%), from €6,830 to €6,443
- Other operating charges +€114
up €114 (+10.3%), from €1,100 to €1,214
- Financial charges -€113
down €113 (-75.6%), from €150 to €37
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,402 | €100,620 | +€218 | +0.2% |
| Fixed assets | 21/28 | €68,701 | €59,978 | -€8,722 | -12.7% |
| Tangible fixed assets | 22/27 | €68,701 | €59,978 | -€8,722 | -12.7% |
| Land and buildings | 22 | €65,396 | €58,983 | -€6,413 | -9.8% |
| Furniture and vehicles | 24 | €3,305 | €995 | -€2,310 | -69.9% |
| Current assets | 29/58 | €31,702 | €40,641 | +€8,940 | +28.2% |
| Amounts receivable within one year | 40/41 | - | €711 | +€711 | |
| Other amounts receivable | 41 | - | €711 | +€711 | |
| Cash at bank and in hand | 54/58 | €31,702 | €39,682 | +€7,980 | +25.2% |
| Deferred charges and accrued income | 490/1 | - | €249 | +€249 | |
| Total equity and liabilities | 10/49 | €100,402 | €100,620 | +€218 | +0.2% |
| Equity | 10/15 | €86,813 | €89,780 | +€2,968 | +3.4% |
| Contributions | 10/11 | €65,890 | €65,890 | = | 0.0% |
| Reserves | 13 | €20,923 | €23,890 | +€2,968 | +14.2% |
| Distributable reserves | 133 | €20,923 | €23,890 | +€2,968 | +14.2% |
| Amounts payable | 17/49 | €13,590 | €10,840 | -€2,750 | -20.2% |
| Amounts payable after more than one year | 17 | €10,711 | €10,711 | = | 0.0% |
| Other amounts payable | 178/9 | €10,711 | €10,711 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,878 | €116 | -€2,762 | -96.0% |
| Trade debts | 44 | €2,878 | €116 | -€2,762 | -96.0% |
| Suppliers | 440/4 | €2,878 | €116 | -€2,762 | -96.0% |
| Accrued charges and deferred income | 492/3 | - | €12 | +€12 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,830 | €6,443 | -€387 | -5.7% |
| Other operating charges | 640/8 | €1,100 | €1,214 | +€114 | +10.3% |
| Gross operating margin | 9900 | €201 | €9,807 | +€9,605 | +4,770% |
| Operating profit (loss) | 9901 | -€7,729 | €2,150 | +€9,879 | |
| Financial charges | 65/66B | €150 | €37 | -€113 | -75.6% |
| Recurring financial charges | 65 | €150 | €37 | -€113 | -75.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,879 | €2,113 | +€9,992 | |
| Income taxes | 67/77 | - | €789 | +€789 | |
| Profit (loss) for the period | 9904 | -€7,879 | €1,324 | +€9,203 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,879 | €1,324 | +€9,203 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.