VétéCOM: 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.
VétéCOM
Largest movements
- Receivables within one year +€83,960
up €83,960 (+64.8%), from €129,472 to €213,432
of which Trade receivables: +€84,103
- Tangible fixed assets -€18,513
down €18,513 (-3.5%), from €536,284 to €517,771
of which Land and buildings: -€18,043
- Cash -€14,209
down €14,209 (-51.8%), from €27,420 to €13,211
mainly Receivables within one year (-€83,960) and Investment in fixed assets (net) (-€29,187)
- Other debts +€79,897
up €79,897 (+24.0%), from €333,009 to €412,907
- Debts after one year -€28,867
down €28,867 (-15.3%), from €189,205 to €160,338
- Financial charges +€13,388
up €13,388 (+70.2%), from €19,077 to €32,465
- Depreciation +€6,588
up €6,588 (+16.0%), from €41,113 to €47,701
- Gross operating margin +€6,001
up €6,001 (+7.5%), from €80,074 to €86,075
- Taxes -€1,248
down €1,248 (-81.0%), from €1,541 to €293
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.
Derived cash bridge
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 | €693,177 | €744,414 | +€51,238 | +7.4% |
| Fixed assets | 21/28 | €536,284 | €517,771 | -€18,513 | -3.5% |
| Tangible fixed assets | 22/27 | €536,284 | €517,771 | -€18,513 | -3.5% |
| Land and buildings | 22 | €534,215 | €516,172 | -€18,043 | -3.4% |
| Plant, machinery and equipment | 23 | €2,069 | €1,599 | -€470 | -22.7% |
| Current assets | 29/58 | €156,892 | €226,643 | +€69,751 | +44.5% |
| Amounts receivable within one year | 40/41 | €129,472 | €213,432 | +€83,960 | +64.8% |
| Trade receivables | 40 | €129,039 | €213,142 | +€84,103 | +65.2% |
| Other amounts receivable | 41 | €433 | €290 | -€143 | -33.0% |
| Cash at bank and in hand | 54/58 | €27,420 | €13,211 | -€14,209 | -51.8% |
| Total equity and liabilities | 10/49 | €693,177 | €744,414 | +€51,238 | +7.4% |
| Equity | 10/15 | €127,224 | €128,486 | +€1,262 | +1.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €52,224 | €53,486 | +€1,262 | +2.4% |
| Distributable reserves | 133 | €52,224 | €53,486 | +€1,262 | +2.4% |
| Amounts payable | 17/49 | €565,953 | €615,928 | +€49,976 | +8.8% |
| Amounts payable after more than one year | 17 | €189,205 | €160,338 | -€28,867 | -15.3% |
| Financial debts | 170/4 | €189,205 | €160,338 | -€28,867 | -15.3% |
| Amounts payable within one year | 42/48 | €376,748 | €455,590 | +€78,843 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €30,164 | €31,228 | +€1,063 | +3.5% |
| Trade debts | 44 | €8,017 | €5,550 | -€2,467 | -30.8% |
| Suppliers | 440/4 | €8,017 | €5,550 | -€2,467 | -30.8% |
| Taxes, remuneration and social security | 45 | €5,557 | €5,906 | +€349 | +6.3% |
| Taxes | 450/3 | €5,557 | €5,906 | +€349 | +6.3% |
| Other amounts payable | 47/48 | €333,009 | €412,907 | +€79,897 | +24.0% |
| Remuneration, social security and pensions | 62 | - | €180 | +€180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,113 | €47,701 | +€6,588 | +16.0% |
| Other operating charges | 640/8 | €2,932 | €2,509 | -€423 | -14.4% |
| Gross operating margin | 9900 | €80,074 | €86,075 | +€6,001 | +7.5% |
| Operating profit (loss) | 9901 | €36,029 | €35,686 | -€343 | -1.0% |
| Financial charges | 65/66B | €19,077 | €32,465 | +€13,388 | +70.2% |
| Recurring financial charges | 65 | €19,077 | €32,465 | +€13,388 | +70.2% |
| Profit (loss) for the period before taxes | 9903 | €16,952 | €3,221 | -€13,731 | -81.0% |
| Income taxes | 67/77 | €1,541 | €293 | -€1,248 | -81.0% |
| Profit (loss) for the period | 9904 | €15,411 | €2,928 | -€12,483 | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,411 | €2,928 | -€12,483 | -81.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.