VETECONSULT: 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.
VETECONSULT
Largest movements
- Receivables within one year +€349,031
up €349,031 (+316%), from €110,285 to €459,316
of which Other amounts receivable: +€292,641
- Cash -€256,969
down €256,969 (-36.4%), from €705,965 to €448,996
mainly Contributions, distributions and other (-€590,453) and Receivables within one year (-€349,031)
- Tangible fixed assets -€109,860
down €109,860 (-15.9%), from €691,307 to €581,447
of which Land and buildings: -€79,511
- Deferred charges and accrued income +€63,174
up €63,174 (+1,108%), from €5,704 to €68,878
- Other debts +€581,028
up €581,028 (+6,165%), from €9,425 to €590,453
- Profit (loss) carried forward -€482,578
down €482,578 (-100%), from €482,578 to €0
- Debts after one year -€93,430
down €93,430 (-14.5%), from €642,695 to €549,265
- Tax, wage and social debts +€66,436
up €66,436 (+191%), from €34,827 to €101,263
of which Taxes: +€51,652
- Trade debts -€20,647
down €20,647 (-8.8%), from €235,587 to €214,940
- Gross operating margin +€217,734
up €217,734 (+40.1%), from €542,966 to €760,700
- Staff costs +€149,129
up €149,129 (+54.7%), from €272,622 to €421,751
- Financial income -€19,254
down €19,254 (-99.4%), from €19,366 to €112
- Depreciation +€15,418
up €15,418 (+10.4%), from €147,929 to €163,347
- Taxes +€15,297
up €15,297 (+74.1%), from €20,642 to €35,939
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 | €1,566,799 | €1,617,697 | +€50,898 | +3.2% |
| Fixed assets | 21/28 | €691,307 | €581,447 | -€109,860 | -15.9% |
| Tangible fixed assets | 22/27 | €691,307 | €581,447 | -€109,860 | -15.9% |
| Land and buildings | 22 | €522,508 | €442,998 | -€79,511 | -15.2% |
| Plant, machinery and equipment | 23 | €126,588 | €111,209 | -€15,379 | -12.1% |
| Furniture and vehicles | 24 | €42,210 | €27,240 | -€14,970 | -35.5% |
| Current assets | 29/58 | €875,492 | €1,036,250 | +€160,758 | +18.4% |
| Stocks and contracts in progress | 3 | €53,538 | €59,060 | +€5,522 | +10.3% |
| Stocks | 30/36 | €53,538 | €59,060 | +€5,522 | +10.3% |
| Amounts receivable within one year | 40/41 | €110,285 | €459,316 | +€349,031 | +316% |
| Trade receivables | 40 | €27,481 | €83,871 | +€56,390 | +205% |
| Other amounts receivable | 41 | €82,804 | €375,445 | +€292,641 | +353% |
| Cash at bank and in hand | 54/58 | €705,965 | €448,996 | -€256,969 | -36.4% |
| Deferred charges and accrued income | 490/1 | €5,704 | €68,878 | +€63,174 | +1,108% |
| Total equity and liabilities | 10/49 | €1,566,799 | €1,617,697 | +€50,898 | +3.2% |
| Equity | 10/15 | €511,398 | €28,820 | -€482,578 | -94.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,220 | €10,220 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,213 | €4,213 | = | 0.0% |
| Distributable reserves | 133 | €4,147 | €4,147 | = | 0.0% |
| Profit (loss) carried forward | 14 | €482,578 | €0 | -€482,578 | -100% |
| Amounts payable | 17/49 | €1,055,401 | €1,588,878 | +€533,477 | +50.5% |
| Amounts payable after more than one year | 17 | €642,695 | €549,265 | -€93,430 | -14.5% |
| Financial debts | 170/4 | €642,695 | €549,265 | -€93,430 | -14.5% |
| Amounts payable within one year | 42/48 | €410,450 | €1,037,612 | +€627,162 | +153% |
| Current portion of amounts payable after more than one year | 42 | €95,611 | €93,430 | -€2,181 | -2.3% |
| Financial debts | 43 | €35,000 | €37,526 | +€2,526 | +7.2% |
| Credit institutions | 430/8 | €35,000 | €37,526 | +€2,526 | +7.2% |
| Trade debts | 44 | €235,587 | €214,940 | -€20,647 | -8.8% |
| Suppliers | 440/4 | €235,587 | €214,940 | -€20,647 | -8.8% |
| Taxes, remuneration and social security | 45 | €34,827 | €101,263 | +€66,436 | +191% |
| Taxes | 450/3 | €604 | €52,256 | +€51,652 | +8,548% |
| Remuneration and social security | 454/9 | €34,223 | €49,007 | +€14,784 | +43.2% |
| Other amounts payable | 47/48 | €9,425 | €590,453 | +€581,028 | +6,165% |
| Accrued charges and deferred income | 492/3 | €2,256 | €2,000 | -€256 | -11.4% |
| Remuneration, social security and pensions | 62 | €272,622 | €421,751 | +€149,129 | +54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,929 | €163,347 | +€15,418 | +10.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,878 | - | -€11,878 | |
| Other operating charges | 640/8 | €5,229 | €3,385 | -€1,844 | -35.3% |
| Gross operating margin | 9900 | €542,966 | €760,700 | +€217,734 | +40.1% |
| Operating profit (loss) | 9901 | €105,307 | €172,216 | +€66,909 | +63.5% |
| Financial income | 75/76B | €19,366 | €112 | -€19,254 | -99.4% |
| Recurring financial income | 75 | €19,366 | €112 | -€19,254 | -99.4% |
| Financial charges | 65/66B | €32,404 | €28,515 | -€3,889 | -12.0% |
| Recurring financial charges | 65 | €32,404 | €28,515 | -€3,889 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €92,269 | €143,813 | +€51,544 | +55.9% |
| Income taxes | 67/77 | €20,642 | €35,939 | +€15,297 | +74.1% |
| Profit (loss) for the period | 9904 | €71,628 | €107,875 | +€36,247 | +50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €71,628 | €107,875 | +€36,247 | +50.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.