VETEX: 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.
What changed
VETEX
NACE 13.300, Finishing of textiles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€608,659
2024 · €40,909-€649,568
Equity
€4.4m
2024 · €5.0m-€639,482
Cash
€370,487
2024 · €395,992-€25,505
Balance sheet total
€10.5m
2024 · €11.2m-€682,987
Largest movements
Assets
- Tangible fixed assets -€417,872
down €417,872 (-7.2%), from €5.8m to €5.4m
of which Leasing and similar rights: -€636,872
- Stocks and contracts -€318,965
down €318,965 (-11.9%), from €2.7m to €2.4m
Equity and liabilities
- Debts after one year -€663,244
down €663,244 (-24.6%), from €2.7m to €2.0m
- Profit (loss) carried forward -€649,568
down €649,568, from €40,909 to -€608,659
- Other debts +€212,134
up €212,134 (+2121340700.0%), from €0 to €212,134
- Accrued charges and deferred income +€175,759
up €175,759 (+83.6%), from €210,215 to €385,973
- Trade debts +€121,989
up €121,989 (+15.5%), from €788,717 to €910,705
Income statement
- Staff costs +€344,842
up €344,842 (+6.5%), from €5.3m to €5.6m
- Financial income +€267,127
up €267,127 (+219.1%), from €121,947 to €389,074
- Services and other goods -€251,591
down €251,591 (-5.9%), from €4.3m to €4.0m
- Turnover -€202,795
down €202,795 (-1.2%), from €16.3m to €16.1m
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.
Result 2024
€40,909
Turnover
-€202,795
Other operating income
-€124,106
Goods and materials
-€143,224
Services and other goods
+€251,591
Staff costs
-€344,842
Depreciation
-€32,573
Write-downs
-€26,215
Other operating charges
-€3,127
Other operating items
-€227,686
Financial income
+€267,127
Financial charges
-€64,097
Taxes
+€381
Result 2025
-€608,659
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.
From operations
+€1.5m
Investment
-€864,587
Financing
-€618,151
Cash 2024
€395,992
From operations (derived)
+€1.5m
Net result for the year
-€608,659
Depreciation
+€1.3m
Stocks and contracts
+€318,965
Receivables within one year
-€53,994
Deferred charges and accrued income
-€25,360
Trade debts
+€121,989
Tax, wage and social debts
+€33,941
Other debts
+€212,134
Accrued charges and deferred income
+€175,759
Investment (derived)
-€864,587
Investment in fixed assets (net)
-€864,587
Financing
-€618,151
Debts after one year
-€663,244
Current portion of long-term debt
-€39,295
Short-term financial debts
+€115,212
Contributions, distributions and other
-€30,824
Cash 2025
€370,487
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,162,304 | €10,479,317 | -€682,987 | -6.1% |
| Fixed assets | 21/28 | €5,850,204 | €5,432,332 | -€417,872 | -7.1% |
| Tangible fixed assets | 22/27 | €5,786,462 | €5,368,590 | -€417,872 | -7.2% |
| Land and buildings | 22 | €714,829 | €862,250 | +€147,421 | +20.6% |
| Plant, machinery and equipment | 23 | €1,130,922 | €1,211,964 | +€81,042 | +7.2% |
| Furniture and vehicles | 24 | €384,702 | €325,889 | -€58,813 | -15.3% |
| Leasing and similar rights | 25 | €3,386,535 | €2,749,663 | -€636,872 | -18.8% |
| Other tangible fixed assets | 26 | €155,178 | €214,142 | +€58,964 | +38.0% |
| Assets under construction and advance payments | 27 | €14,296 | €4,681 | -€9,615 | -67.3% |
| Financial fixed assets | 28 | €63,742 | €63,742 | = | 0.0% |
| Affiliated companies | 280/1 | €63,370 | €63,370 | = | 0.0% |
| Participating interests | 280 | €63,370 | €63,370 | = | 0.0% |
| Other financial fixed assets | 284/8 | €373 | €373 | = | 0.0% |
| Shares | 284 | €273 | €273 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €5,312,100 | €5,046,984 | -€265,115 | -5.0% |
| Stocks and contracts in progress | 3 | €2,675,975 | €2,357,010 | -€318,965 | -11.9% |
| Stocks | 30/36 | €2,675,975 | €2,357,010 | -€318,965 | -11.9% |
| Raw materials and consumables | 30/31 | €931,670 | €723,238 | -€208,432 | -22.4% |
| Work in progress | 32 | €37,660 | - | -€37,660 | |
| Finished goods | 33 | €1,706,646 | €1,633,772 | -€72,874 | -4.3% |
| Amounts receivable within one year | 40/41 | €2,136,643 | €2,190,638 | +€53,994 | +2.5% |
| Trade receivables | 40 | €1,654,834 | €1,460,112 | -€194,723 | -11.8% |
| Other amounts receivable | 41 | €481,809 | €730,526 | +€248,717 | +51.6% |
| Cash at bank and in hand | 54/58 | €395,992 | €370,487 | -€25,505 | -6.4% |
| Deferred charges and accrued income | 490/1 | €103,489 | €128,849 | +€25,360 | +24.5% |
| Total equity and liabilities | 10/49 | €11,162,304 | €10,479,317 | -€682,987 | -6.1% |
| Equity | 10/15 | €5,041,558 | €4,402,076 | -€639,482 | -12.7% |
| Contributions | 10/11 | €1,627,188 | €1,627,188 | = | 0.0% |
| Capital | 10 | €718,650 | €718,650 | = | 0.0% |
| Issued capital | 100 | €718,650 | €718,650 | = | 0.0% |
| Outside capital | 11 | €908,538 | €908,538 | = | 0.0% |
| Share premium | 1100/10 | €908,538 | €908,538 | = | 0.0% |
| Reserves | 13 | €3,224,714 | €3,265,623 | +€40,909 | +1.3% |
| Non-distributable reserves | 130/1 | €833,046 | €833,046 | = | 0.0% |
| Legal reserve | 130 | €131,830 | €131,830 | = | 0.0% |
| Other | 1319 | €701,216 | €701,216 | = | 0.0% |
| Tax-exempt reserves | 132 | €74,732 | €74,732 | = | 0.0% |
| Distributable reserves | 133 | €2,316,936 | €2,357,845 | +€40,909 | +1.8% |
| Profit (loss) carried forward | 14 | €40,909 | -€608,659 | -€649,568 | |
| Investment grants | 15 | €148,747 | €117,923 | -€30,824 | -20.7% |
| Amounts payable | 17/49 | €6,120,746 | €6,077,241 | -€43,505 | -0.7% |
| Amounts payable after more than one year | 17 | €2,694,735 | €2,031,491 | -€663,244 | -24.6% |
| Financial debts | 170/4 | €2,694,735 | €2,031,491 | -€663,244 | -24.6% |
| Leasing and similar obligations | 172 | €2,642,261 | €1,986,989 | -€655,273 | -24.8% |
| Credit institutions | 173 | €52,474 | €44,502 | -€7,972 | -15.2% |
| Amounts payable within one year | 42/48 | €3,215,796 | €3,659,777 | +€443,981 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €702,318 | €663,023 | -€39,295 | -5.6% |
| Financial debts | 43 | €881,718 | €996,930 | +€115,212 | +13.1% |
| Credit institutions | 430/8 | €881,718 | €996,930 | +€115,212 | +13.1% |
| Trade debts | 44 | €788,717 | €910,705 | +€121,989 | +15.5% |
| Suppliers | 440/4 | €788,717 | €910,705 | +€121,989 | +15.5% |
| Taxes, remuneration and social security | 45 | €843,043 | €876,984 | +€33,941 | +4.0% |
| Taxes | 450/3 | €93,818 | €115,642 | +€21,824 | +23.3% |
| Remuneration and social security | 454/9 | €749,225 | €761,342 | +€12,117 | +1.6% |
| Other amounts payable | 47/48 | €0 | €212,134 | +€212,134 | +2121340700.0% |
| Accrued charges and deferred income | 492/3 | €210,215 | €385,973 | +€175,759 | +83.6% |
| Operating income | 70/76A | €16,848,065 | €16,293,478 | -€554,587 | -3.3% |
| Turnover | 70 | €16,268,232 | €16,065,436 | -€202,795 | -1.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €40,356 | -€192,966 | -€233,322 | |
| Other operating income | 74 | €539,478 | €415,372 | -€124,106 | -23.0% |
| Non-recurring operating income | 76A | - | €5,636 | +€5,636 | |
| Operating charges | 60/66A | €16,727,195 | €17,025,586 | +€298,391 | +1.8% |
| Goods for resale, raw materials and consumables | 60 | €5,884,191 | €6,027,415 | +€143,224 | +2.4% |
| Purchases | 600/8 | €5,757,912 | €5,942,058 | +€184,146 | +3.2% |
| Change in stocks: decrease (increase) | 609 | €126,279 | €85,357 | -€40,923 | -32.4% |
| Services and other goods | 61 | €4,251,257 | €3,999,667 | -€251,591 | -5.9% |
| Remuneration, social security and pensions | 62 | €5,279,305 | €5,624,148 | +€344,842 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,249,886 | €1,282,459 | +€32,573 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,427 | €40,642 | +€26,215 | +181.7% |
| Other operating charges | 640/8 | €48,129 | €51,256 | +€3,127 | +6.5% |
| Operating profit (loss) | 9901 | €120,871 | -€732,108 | -€852,978 | |
| Financial income | 75/76B | €121,947 | €389,074 | +€267,127 | +219.1% |
| Recurring financial income | 75 | €121,947 | €389,074 | +€267,127 | +219.1% |
| Income from financial fixed assets | 750 | - | €299,615 | +€299,615 | |
| Other financial income | 752/9 | €121,947 | €89,458 | -€32,489 | -26.6% |
| Financial charges | 65/66B | €198,824 | €262,922 | +€64,097 | +32.2% |
| Recurring financial charges | 65 | €198,824 | €262,922 | +€64,097 | +32.2% |
| Debt charges | 650 | €93,492 | €80,104 | -€13,388 | -14.3% |
| Other financial charges | 652/9 | €105,332 | €182,817 | +€77,485 | +73.6% |
| Profit (loss) for the period before taxes | 9903 | €43,993 | -€605,956 | -€649,949 | |
| Income taxes | 67/77 | €3,084 | €2,703 | -€381 | -12.4% |
| Taxes | 670/3 | €3,500 | €3,000 | -€500 | -14.3% |
| Tax adjustments and reversals of tax provisions | 77 | €416 | €297 | -€119 | -28.6% |
| Profit (loss) for the period | 9904 | €40,909 | -€608,659 | -€649,568 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,909 | -€608,659 | -€649,568 |
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 29 September 2026 via checked.be.