VETELY: 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.
VETELY
Largest movements
- Cash +€12,803
up €12,803 (+57.6%), from €22,218 to €35,021
mainly Net result for the year (+€13,281) and Depreciation (+€1,953)
- Receivables within one year +€1,330
up €1,330 (+14.5%), from €9,176 to €10,506
of which Trade receivables: +€918
- Tangible fixed assets -€796
down €796 (-32.6%), from €2,446 to €1,650
- Reserves +€11,000
up €11,000 (+240.7%), from €4,571 to €15,571
- Tax, wage and social debts -€3,053
down €3,053 (-26.8%), from €11,393 to €8,340
of which Taxes: -€3,053
- Profit (loss) carried forward +€2,281
up €2,281 (+51.0%), from €4,470 to €6,750
- Other debts +€1,829
up €1,829 (+20.0%), from €9,140 to €10,968
- Trade debts +€1,239
up €1,239 (+56.2%), from €2,205 to €3,443
- Gross operating margin +€18,841
up €18,841 (+441.3%), from €4,269 to €23,110
- Taxes +€4,757
up €4,757 (+611.7%), from €778 to €5,534
- Depreciation -€618
down €618 (-24.0%), from €2,571 to €1,953
- Financial charges +€573
up €573 (+57.4%), from €999 to €1,573
- Other operating charges +€318
up €318 (+70.5%), from €451 to €769
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 | €34,777 | €48,072 | +€13,295 | +38.2% |
| Fixed assets | 21/28 | €2,446 | €1,650 | -€796 | -32.6% |
| Tangible fixed assets | 22/27 | €2,446 | €1,650 | -€796 | -32.6% |
| Furniture and vehicles | 24 | €2,446 | €1,650 | -€796 | -32.6% |
| Current assets | 29/58 | €32,331 | €46,423 | +€14,092 | +43.6% |
| Amounts receivable within one year | 40/41 | €9,176 | €10,506 | +€1,330 | +14.5% |
| Trade receivables | 40 | €9,176 | €10,093 | +€918 | +10.0% |
| Other amounts receivable | 41 | - | €412 | +€412 | |
| Cash at bank and in hand | 54/58 | €22,218 | €35,021 | +€12,803 | +57.6% |
| Deferred charges and accrued income | 490/1 | €937 | €896 | -€41 | -4.4% |
| Total equity and liabilities | 10/49 | €34,777 | €48,072 | +€13,295 | +38.2% |
| Equity | 10/15 | €12,040 | €25,321 | +€13,281 | +110.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €4,571 | €15,571 | +€11,000 | +240.7% |
| Distributable reserves | 133 | €4,571 | €15,571 | +€11,000 | +240.7% |
| Profit (loss) carried forward | 14 | €4,470 | €6,750 | +€2,281 | +51.0% |
| Amounts payable | 17/49 | €22,737 | €22,751 | +€14 | +0.1% |
| Amounts payable within one year | 42/48 | €22,737 | €22,751 | +€14 | +0.1% |
| Trade debts | 44 | €2,205 | €3,443 | +€1,239 | +56.2% |
| Suppliers | 440/4 | €2,205 | €3,443 | +€1,239 | +56.2% |
| Taxes, remuneration and social security | 45 | €11,393 | €8,340 | -€3,053 | -26.8% |
| Taxes | 450/3 | €9,364 | €6,312 | -€3,053 | -32.6% |
| Remuneration and social security | 454/9 | €2,028 | €2,028 | = | 0.0% |
| Other amounts payable | 47/48 | €9,140 | €10,968 | +€1,829 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,571 | €1,953 | -€618 | -24.0% |
| Other operating charges | 640/8 | €451 | €769 | +€318 | +70.5% |
| Gross operating margin | 9900 | €4,269 | €23,110 | +€18,841 | +441.3% |
| Operating profit (loss) | 9901 | €1,247 | €20,388 | +€19,141 | +1535.2% |
| Financial charges | 65/66B | €999 | €1,573 | +€573 | +57.4% |
| Recurring financial charges | 65 | €999 | €1,573 | +€573 | +57.4% |
| Profit (loss) for the period before taxes | 9903 | €247 | €18,815 | +€18,568 | +7507.5% |
| Income taxes | 67/77 | €778 | €5,534 | +€4,757 | +611.7% |
| Profit (loss) for the period | 9904 | -€530 | €13,281 | +€13,811 | |
| Profit (loss) for the period to be appropriated | 9905 | -€530 | €13,281 | +€13,811 |
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 7 October 2026 via checked.be.