VETAX: 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.
VETAX
Largest movements
- Tangible fixed assets +€27,759
new in 2024: €27,759
- Intangible fixed assets -€5,000
down €5,000 (-22.2%), from €22,500 to €17,500
- Receivables within one year -€2,053
down €2,053 (-47.9%), from €4,290 to €2,237
of which Other amounts receivable: -€2,555
- Debts after one year +€11,857
up €11,857 (+23.3%), from €50,837 to €62,694
- Profit (loss) carried forward +€10,803
up €10,803 (+20.6%), from -€52,558 to -€41,755
- Trade debts -€5,277
down €5,277 (-46.4%), from €11,362 to €6,085
- Tax, wage and social debts +€3,205
new in 2024: €3,205
of which Taxes: +€1,708
- Gross operating margin +€25,010
up €25,010 (+415%), from €6,024 to €31,034
- Staff costs +€14,525
new in 2024: €14,525
- Depreciation +€4,068
up €4,068 (+75.7%), from €5,371 to €9,440
From the 2021 result to the 2024 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 | 2021 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,718 | €59,013 | +€21,295 | +56.5% |
| Fixed assets | 21/28 | €22,500 | €45,259 | +€22,759 | +101% |
| Intangible fixed assets | 21 | €22,500 | €17,500 | -€5,000 | -22.2% |
| Tangible fixed assets | 22/27 | - | €27,759 | +€27,759 | |
| Furniture and vehicles | 24 | - | €27,759 | +€27,759 | |
| Current assets | 29/58 | €15,218 | €13,754 | -€1,464 | -9.6% |
| Amounts receivable within one year | 40/41 | €4,290 | €2,237 | -€2,053 | -47.9% |
| Trade receivables | 40 | €1,736 | €2,237 | +€502 | +28.9% |
| Other amounts receivable | 41 | €2,555 | - | -€2,555 | |
| Cash at bank and in hand | 54/58 | €10,030 | €10,619 | +€589 | +5.9% |
| Deferred charges and accrued income | 490/1 | €898 | €898 | = | 0.0% |
| Total equity and liabilities | 10/49 | €37,718 | €59,013 | +€21,295 | +56.5% |
| Equity | 10/15 | -€32,106 | -€21,304 | +€10,803 | +33.6% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,558 | -€41,755 | +€10,803 | +20.6% |
| Amounts payable | 17/49 | €69,824 | €80,317 | +€10,493 | +15.0% |
| Amounts payable after more than one year | 17 | €50,837 | €62,694 | +€11,857 | +23.3% |
| Financial debts | 170/4 | €50,837 | €62,694 | +€11,857 | +23.3% |
| Amounts payable within one year | 42/48 | €18,987 | €17,623 | -€1,364 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €7,625 | €8,188 | +€563 | +7.4% |
| Trade debts | 44 | €11,362 | €6,085 | -€5,277 | -46.4% |
| Suppliers | 440/4 | €11,362 | €6,085 | -€5,277 | -46.4% |
| Taxes, remuneration and social security | 45 | - | €3,205 | +€3,205 | |
| Taxes | 450/3 | - | €1,708 | +€1,708 | |
| Remuneration and social security | 454/9 | - | €1,497 | +€1,497 | |
| Other amounts payable | 47/48 | - | €145 | +€145 | |
| Remuneration, social security and pensions | 62 | - | €14,525 | +€14,525 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,371 | €9,440 | +€4,068 | +75.7% |
| Other operating charges | 640/8 | - | €203 | +€203 | |
| Gross operating margin | 9900 | €6,024 | €31,034 | +€25,010 | +415% |
| Operating profit (loss) | 9901 | €652 | €6,865 | +€6,213 | +953% |
| Financial income | 75/76B | - | €41 | +€41 | |
| Recurring financial income | 75 | - | €41 | +€41 | |
| Non-recurring financial income | 76B | - | €41 | +€41 | |
| Financial charges | 65/66B | €200 | €151 | -€48 | -24.2% |
| Recurring financial charges | 65 | €200 | €151 | -€48 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €452 | €6,755 | +€6,303 | +1,393% |
| Profit (loss) for the period | 9904 | €452 | €6,755 | +€6,303 | +1,393% |
| Profit (loss) for the period to be appropriated | 9905 | €452 | €6,755 | +€6,303 | +1,393% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.