VETERNITY Belgium: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
VETERNITY Belgium
Largest movements
- Intangible fixed assets -€452,937
down €452,937 (-25.0%), from €1.8m to €1.4m
- Cash -€232,011
down €232,011 (-45.4%), from €511,425 to €279,413
mainly Net result for the year (-€729,004) and Other debts (-€607,622)
- Tangible fixed assets -€94,235
down €94,235 (-10.2%), from €920,072 to €825,837
of which Furniture and vehicles: -€60,177
- Formation expenses +€65,951
new in 2024: €65,951
- Receivables within one year -€60,217
down €60,217 (-23.0%), from €262,212 to €201,995
of which Trade receivables: -€97,648
- Debts after one year +€693,957
up €693,957 (+104%), from €665,508 to €1.4m
- Other debts -€607,622
down €607,622 (-29.5%), from €2.1m to €1.5m
- Profit (loss) carried forward -€520,348
down €520,348 (-73.9%), from -€704,261 to -€1.2m
- Accrued charges and deferred income -€375,327
no longer reported in 2024 (was €375,327)
- Trade debts -€111,384
down €111,384 (-30.4%), from €366,065 to €254,681
- Gross operating margin +€351,977
up €351,977 (+139%), from €253,092 to €605,069
- Staff costs +€267,360
up €267,360 (+135%), from €198,690 to €466,050
- Financial charges +€73,548
up €73,548 (+84.9%), from €86,621 to €160,168
- Depreciation +€51,952
up €51,952 (+10.7%), from €487,305 to €539,257
- Taxes +€50,651
new in 2024: €50,651
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,623,660 | €2,809,916 | -€813,745 | -22.5% |
| Formation expenses | 20 | - | €65,951 | +€65,951 | |
| Fixed assets | 21/28 | €2,732,429 | €2,185,257 | -€547,172 | -20.0% |
| Intangible fixed assets | 21 | €1,812,357 | €1,359,420 | -€452,937 | -25.0% |
| Tangible fixed assets | 22/27 | €920,072 | €825,837 | -€94,235 | -10.2% |
| Land and buildings | 22 | €745,384 | €706,874 | -€38,511 | -5.2% |
| Plant, machinery and equipment | 23 | €1,851 | €6,304 | +€4,452 | +241% |
| Furniture and vehicles | 24 | €172,837 | €112,660 | -€60,177 | -34.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €891,231 | €558,707 | -€332,524 | -37.3% |
| Stocks and contracts in progress | 3 | €113,706 | €73,788 | -€39,918 | -35.1% |
| Stocks | 30/36 | €113,706 | €73,788 | -€39,918 | -35.1% |
| Amounts receivable within one year | 40/41 | €262,212 | €201,995 | -€60,217 | -23.0% |
| Trade receivables | 40 | €163,029 | €65,381 | -€97,648 | -59.9% |
| Other amounts receivable | 41 | €99,182 | €136,614 | +€37,432 | +37.7% |
| Cash at bank and in hand | 54/58 | €511,425 | €279,413 | -€232,011 | -45.4% |
| Deferred charges and accrued income | 490/1 | €3,889 | €3,511 | -€378 | -9.7% |
| Total equity and liabilities | 10/49 | €3,623,660 | €2,809,916 | -€813,745 | -22.5% |
| Equity | 10/15 | €36,088 | -€484,260 | -€520,348 | |
| Contributions | 10/11 | €740,348 | €740,348 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€704,261 | -€1,224,608 | -€520,348 | -73.9% |
| Amounts payable | 17/49 | €3,587,573 | €3,294,176 | -€293,397 | -8.2% |
| Amounts payable after more than one year | 17 | €665,508 | €1,359,465 | +€693,957 | +104% |
| Financial debts | 170/4 | €665,508 | €1,359,465 | +€693,957 | +104% |
| Amounts payable within one year | 42/48 | €2,546,738 | €1,934,711 | -€612,027 | -24.0% |
| Trade debts | 44 | €366,065 | €254,681 | -€111,384 | -30.4% |
| Suppliers | 440/4 | €366,065 | €254,681 | -€111,384 | -30.4% |
| Taxes, remuneration and social security | 45 | €120,295 | €227,274 | +€106,979 | +88.9% |
| Taxes | 450/3 | €30,986 | €140,917 | +€109,931 | +355% |
| Remuneration and social security | 454/9 | €89,309 | €86,357 | -€2,952 | -3.3% |
| Other amounts payable | 47/48 | €2,060,378 | €1,452,757 | -€607,622 | -29.5% |
| Accrued charges and deferred income | 492/3 | €375,327 | - | -€375,327 | |
| Non-recurring operating income | 76A | €0 | €232,801 | +€232,801 | |
| Remuneration, social security and pensions | 62 | €198,690 | €466,050 | +€267,360 | +135% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €487,305 | €539,257 | +€51,952 | +10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,826 | €21,256 | +€16,431 | +340% |
| Other operating charges | 640/8 | €119,559 | €96,690 | -€22,869 | -19.1% |
| Gross operating margin | 9900 | €253,092 | €605,069 | +€351,977 | +139% |
| Operating profit (loss) | 9901 | -€557,289 | -€518,185 | +€39,104 | +7.0% |
| Financial income | 75/76B | €742 | €0 | -€742 | -100% |
| Recurring financial income | 75 | €742 | €0 | -€742 | -100% |
| Financial charges | 65/66B | €86,621 | €160,168 | +€73,548 | +84.9% |
| Recurring financial charges | 65 | €86,621 | €160,168 | +€73,548 | +84.9% |
| Profit (loss) for the period before taxes | 9903 | -€643,167 | -€678,353 | -€35,186 | -5.5% |
| Income taxes | 67/77 | - | €50,651 | +€50,651 | |
| Profit (loss) for the period | 9904 | -€643,167 | -€729,004 | -€85,837 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€643,167 | -€729,004 | -€85,837 | -13.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.