Vétee: 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.
Vétee
Largest movements
- Cash -€10,647
down €10,647 (-22.0%), from €48,464 to €37,817
mainly Investment in fixed assets (net) (-€15,407) and Tax, wage and social debts (-€7,606)
- Tangible fixed assets +€5,541
up €5,541 (+19.3%), from €28,718 to €34,260
of which Furniture and vehicles: +€11,111
- Receivables within one year +€1,979
up €1,979 (+18.4%), from €10,735 to €12,714
of which Trade receivables: +€2,178
- Deferred charges and accrued income +€1,519
up €1,519 (+48.2%), from €3,151 to €4,670
- Reserves +€11,038
up €11,038 (+20.1%), from €54,863 to €65,902
- Tax, wage and social debts -€7,606
down €7,606 (-31.5%), from €24,168 to €16,562
- Trade debts -€4,611
down €4,611 (-84.0%), from €5,492 to €881
- Gross operating margin -€11,254
down €11,254 (-27.8%), from €40,444 to €29,190
- Depreciation +€3,806
up €3,806 (+62.8%), from €6,060 to €9,865
- Taxes -€3,198
down €3,198 (-46.7%), from €6,851 to €3,653
- Financial charges -€781
down €781 (-21.4%), from €3,654 to €2,873
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 | €91,068 | €89,461 | -€1,607 | -1.8% |
| Fixed assets | 21/28 | €28,718 | €34,260 | +€5,541 | +19.3% |
| Tangible fixed assets | 22/27 | €28,718 | €34,260 | +€5,541 | +19.3% |
| Plant, machinery and equipment | 23 | €19,171 | €13,601 | -€5,570 | -29.1% |
| Furniture and vehicles | 24 | €9,547 | €20,659 | +€11,111 | +116.4% |
| Current assets | 29/58 | €62,350 | €55,201 | -€7,149 | -11.5% |
| Amounts receivable within one year | 40/41 | €10,735 | €12,714 | +€1,979 | +18.4% |
| Trade receivables | 40 | €10,536 | €12,714 | +€2,178 | +20.7% |
| Other amounts receivable | 41 | €198 | €0 | -€198 | -100.0% |
| Cash at bank and in hand | 54/58 | €48,464 | €37,817 | -€10,647 | -22.0% |
| Deferred charges and accrued income | 490/1 | €3,151 | €4,670 | +€1,519 | +48.2% |
| Total equity and liabilities | 10/49 | €91,068 | €89,461 | -€1,607 | -1.8% |
| Equity | 10/15 | €59,863 | €70,902 | +€11,038 | +18.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €54,863 | €65,902 | +€11,038 | +20.1% |
| Distributable reserves | 133 | €54,863 | €65,902 | +€11,038 | +20.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €31,205 | €18,559 | -€12,646 | -40.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €31,205 | €18,559 | -€12,646 | -40.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,492 | €881 | -€4,611 | -84.0% |
| Suppliers | 440/4 | €5,492 | €881 | -€4,611 | -84.0% |
| Taxes, remuneration and social security | 45 | €24,168 | €16,562 | -€7,606 | -31.5% |
| Taxes | 450/3 | €24,168 | €16,562 | -€7,606 | -31.5% |
| Other amounts payable | 47/48 | €1,544 | €1,116 | -€429 | -27.8% |
| Non-recurring operating income | 76A | €4,680 | €0 | -€4,680 | -100.0% |
| Remuneration, social security and pensions | 62 | €250 | €250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,060 | €9,865 | +€3,806 | +62.8% |
| Other operating charges | 640/8 | €294 | €678 | +€383 | +130.3% |
| Gross operating margin | 9900 | €40,444 | €29,190 | -€11,254 | -27.8% |
| Operating profit (loss) | 9901 | €33,840 | €18,397 | -€15,443 | -45.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,654 | €2,873 | -€781 | -21.4% |
| Recurring financial charges | 65 | €3,654 | €2,873 | -€781 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €30,187 | €15,524 | -€14,663 | -48.6% |
| Income taxes | 67/77 | €6,851 | €3,653 | -€3,198 | -46.7% |
| Profit (loss) for the period | 9904 | €23,336 | €11,871 | -€11,465 | -49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,336 | €11,871 | -€11,465 | -49.1% |
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 8 October 2026 via checked.be.