VETCOLMANT: 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.
VETCOLMANT
Largest movements
- Tangible fixed assets +€396,502
up €396,502 (+60.6%), from €654,280 to €1.1m
of which Land and buildings: +€330,857
- Receivables within one year +€65,731
up €65,731 (+167.4%), from €39,263 to €104,994
of which Trade receivables: +€66,516
- Stocks and contracts -€22,239
down €22,239 (-53.4%), from €41,639 to €19,400
- Intangible fixed assets -€21,680
no longer reported in 2025 (was €21,680)
- Debts after one year +€285,426
up €285,426 (+47.1%), from €605,534 to €890,960
- Trade debts +€53,260
up €53,260 (+112.4%), from €47,399 to €100,659
- Short-term financial debts +€52,639
new in 2025: €52,639
- Other debts -€36,449
down €36,449 (-59.1%), from €61,659 to €25,209
- Profit (loss) carried forward +€32,959
up €32,959 (+1309.8%), from €2,516 to €35,476
- Gross operating margin +€44,645
up €44,645 (+32.5%), from €137,545 to €182,191
- Financial charges +€12,641
up €12,641 (+57.1%), from €22,143 to €34,784
- Taxes +€5,691
up €5,691 (+325.7%), from €1,747 to €7,438
- Depreciation -€2,949
down €2,949 (-3.1%), from €96,261 to €93,312
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 | €765,669 | €1,183,710 | +€418,042 | +54.6% |
| Fixed assets | 21/28 | €677,460 | €1,051,008 | +€373,548 | +55.1% |
| Intangible fixed assets | 21 | €21,680 | - | -€21,680 | |
| Tangible fixed assets | 22/27 | €654,280 | €1,050,783 | +€396,502 | +60.6% |
| Land and buildings | 22 | €584,859 | €915,715 | +€330,857 | +56.6% |
| Plant, machinery and equipment | 23 | €39,849 | €84,414 | +€44,565 | +111.8% |
| Furniture and vehicles | 24 | €7,577 | €34,156 | +€26,579 | +350.8% |
| Leasing and similar rights | 25 | €21,996 | €16,497 | -€5,499 | -25.0% |
| Financial fixed assets | 28 | €1,500 | €225 | -€1,275 | -85.0% |
| Current assets | 29/58 | €88,209 | €132,703 | +€44,494 | +50.4% |
| Stocks and contracts in progress | 3 | €41,639 | €19,400 | -€22,239 | -53.4% |
| Stocks | 30/36 | €41,639 | €19,400 | -€22,239 | -53.4% |
| Amounts receivable within one year | 40/41 | €39,263 | €104,994 | +€65,731 | +167.4% |
| Trade receivables | 40 | €37,969 | €104,485 | +€66,516 | +175.2% |
| Other amounts receivable | 41 | €1,295 | €509 | -€786 | -60.7% |
| Cash at bank and in hand | 54/58 | €6,638 | €7,799 | +€1,161 | +17.5% |
| Deferred charges and accrued income | 490/1 | €668 | €510 | -€158 | -23.7% |
| Total equity and liabilities | 10/49 | €765,669 | €1,183,710 | +€418,042 | +54.6% |
| Equity | 10/15 | €7,516 | €40,476 | +€32,959 | +438.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,516 | €35,476 | +€32,959 | +1309.8% |
| Amounts payable | 17/49 | €758,152 | €1,143,235 | +€385,082 | +50.8% |
| Amounts payable after more than one year | 17 | €605,534 | €890,960 | +€285,426 | +47.1% |
| Financial debts | 170/4 | €605,534 | €890,960 | +€285,426 | +47.1% |
| Amounts payable within one year | 42/48 | €152,618 | €252,258 | +€99,640 | +65.3% |
| Current portion of amounts payable after more than one year | 42 | €39,552 | €62,770 | +€23,218 | +58.7% |
| Financial debts | 43 | - | €52,639 | +€52,639 | |
| Credit institutions | 430/8 | - | €52,639 | +€52,639 | |
| Trade debts | 44 | €47,399 | €100,659 | +€53,260 | +112.4% |
| Suppliers | 440/4 | €47,399 | €100,659 | +€53,260 | +112.4% |
| Taxes, remuneration and social security | 45 | €4,008 | €10,980 | +€6,972 | +174.0% |
| Taxes | 450/3 | €1,747 | €8,694 | +€6,946 | +397.5% |
| Remuneration and social security | 454/9 | €2,260 | €2,286 | +€26 | +1.1% |
| Other amounts payable | 47/48 | €61,659 | €25,209 | -€36,449 | -59.1% |
| Accrued charges and deferred income | 492/3 | - | €17 | +€17 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,261 | €93,312 | -€2,949 | -3.1% |
| Other operating charges | 640/8 | €14,882 | €13,701 | -€1,181 | -7.9% |
| Gross operating margin | 9900 | €137,545 | €182,191 | +€44,645 | +32.5% |
| Operating profit (loss) | 9901 | €26,402 | €75,177 | +€48,775 | +184.7% |
| Financial income | 75/76B | €5 | €4 | -€1 | -17.8% |
| Recurring financial income | 75 | €5 | €4 | -€1 | -17.8% |
| Financial charges | 65/66B | €22,143 | €34,784 | +€12,641 | +57.1% |
| Recurring financial charges | 65 | €22,143 | €34,784 | +€12,641 | +57.1% |
| Profit (loss) for the period before taxes | 9903 | €4,264 | €40,397 | +€36,133 | +847.4% |
| Income taxes | 67/77 | €1,747 | €7,438 | +€5,691 | +325.7% |
| Profit (loss) for the period | 9904 | €2,516 | €32,959 | +€30,443 | +1209.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,516 | €32,959 | +€30,443 | +1209.8% |
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 4 October 2026 via checked.be.