Vetgaume immo: 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.
Vetgaume immo
Largest movements
- Tangible fixed assets +€593,086
up €593,086 (+189%), from €313,618 to €906,704
- Cash +€19,106
up €19,106 (+217%), from €8,802 to €27,908
mainly Debts after one year (+€611,607) and Trade debts (+€24,671)
- Debts after one year +€611,607
up €611,607 (+215%), from €285,000 to €896,607
- Profit (loss) carried forward -€46,491
down €46,491 (-363%), from -€12,794 to -€59,285
- Trade debts +€24,671
up €24,671 (+12,985%), from €190 to €24,861
- Other debts +€22,244
up €22,244 (+82.4%), from €26,979 to €49,223
- Depreciation +€15,379
up €15,379 (+789%), from €1,950 to €17,329
- Financial charges +€13,328
up €13,328 (+437%), from €3,047 to €16,375
- Purchases and services -€7,409
no longer reported in 2025 (was €7,409)
- Gross operating margin -€4,977
down €4,977 (-67.2%), from -€7,410 to -€12,387
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 | €334,375 | €946,406 | +€612,031 | +183% |
| Formation expenses | 20 | €1,328 | - | -€1,328 | |
| Fixed assets | 21/28 | €313,618 | €907,732 | +€594,114 | +189% |
| Intangible fixed assets | 21 | - | €1,028 | +€1,028 | |
| Tangible fixed assets | 22/27 | €313,618 | €906,704 | +€593,086 | +189% |
| Land and buildings | 22 | €313,618 | €906,704 | +€593,086 | +189% |
| Current assets | 29/58 | €19,429 | €38,674 | +€19,245 | +99.1% |
| Amounts receivable within one year | 40/41 | €9,684 | €9,823 | +€139 | +1.4% |
| Other amounts receivable | 41 | €9,684 | €9,823 | +€139 | +1.4% |
| Cash at bank and in hand | 54/58 | €8,802 | €27,908 | +€19,106 | +217% |
| Deferred charges and accrued income | 490/1 | €943 | €943 | = | 0.0% |
| Total equity and liabilities | 10/49 | €334,375 | €946,406 | +€612,031 | +183% |
| Equity | 10/15 | €22,206 | -€24,285 | -€46,491 | |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,794 | -€59,285 | -€46,491 | -363% |
| Amounts payable | 17/49 | €312,169 | €970,691 | +€658,522 | +211% |
| Amounts payable after more than one year | 17 | €285,000 | €896,607 | +€611,607 | +215% |
| Financial debts | 170/4 | €285,000 | €896,607 | +€611,607 | +215% |
| Amounts payable within one year | 42/48 | €27,169 | €74,084 | +€46,915 | +173% |
| Trade debts | 44 | €190 | €24,861 | +€24,671 | +12,985% |
| Suppliers | 440/4 | €190 | €24,861 | +€24,671 | +12,985% |
| Other amounts payable | 47/48 | €26,979 | €49,223 | +€22,244 | +82.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,409 | - | -€7,409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,950 | €17,329 | +€15,379 | +789% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | -€7,410 | -€12,387 | -€4,977 | -67.2% |
| Operating profit (loss) | 9901 | -€9,747 | -€30,116 | -€20,369 | -209% |
| Financial charges | 65/66B | €3,047 | €16,375 | +€13,328 | +437% |
| Recurring financial charges | 65 | €3,047 | €16,375 | +€13,328 | +437% |
| Profit (loss) for the period before taxes | 9903 | -€12,794 | -€46,491 | -€33,697 | -263% |
| Profit (loss) for the period | 9904 | -€12,794 | -€46,491 | -€33,697 | -263% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,794 | -€46,491 | -€33,697 | -263% |
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 1 November 2026 via checked.be.