Vetgedrukt: 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.
Vetgedrukt
Largest movements
- Receivables within one year +€15,925
up €15,925 (+92.5%), from €17,212 to €33,137
of which Trade receivables: +€18,897
- Tangible fixed assets -€5,934
down €5,934 (-28.6%), from €20,726 to €14,792
of which Plant, machinery and equipment: -€5,415
- Other debts +€37,355
up €37,355 (+30.7%), from €121,573 to €158,928
- Profit (loss) carried forward -€16,626
down €16,626 (-14.8%), from -€112,516 to -€129,142
- Tax, wage and social debts -€11,134
down €11,134 (-99.4%), from €11,202 to €68
of which Remuneration and social security: -€9,779
- Staff costs -€66,217
down €66,217 (-98.2%), from €67,413 to €1,196
- Gross operating margin -€29,206
down €29,206, from €21,742 to -€7,464
- Other operating charges -€1,891
down €1,891 (-74.2%), from €2,548 to €657
- Depreciation +€1,325
up €1,325 (+28.7%), from €4,610 to €5,935
- Financial charges +€218
up €218 (+18.9%), from €1,155 to €1,373
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 | €46,004 | €55,599 | +€9,595 | +20.9% |
| Fixed assets | 21/28 | €28,275 | €22,341 | -€5,934 | -21.0% |
| Tangible fixed assets | 22/27 | €20,726 | €14,792 | -€5,934 | -28.6% |
| Plant, machinery and equipment | 23 | €19,698 | €14,283 | -€5,415 | -27.5% |
| Furniture and vehicles | 24 | €1,028 | €509 | -€519 | -50.5% |
| Financial fixed assets | 28 | €7,549 | €7,549 | = | 0.0% |
| Current assets | 29/58 | €17,729 | €33,258 | +€15,529 | +87.6% |
| Amounts receivable within one year | 40/41 | €17,212 | €33,137 | +€15,925 | +92.5% |
| Trade receivables | 40 | €13,034 | €31,931 | +€18,897 | +145% |
| Other amounts receivable | 41 | €4,178 | €1,206 | -€2,972 | -71.1% |
| Cash at bank and in hand | 54/58 | €209 | €121 | -€88 | -42.1% |
| Deferred charges and accrued income | 490/1 | €308 | €0 | -€308 | -100% |
| Total equity and liabilities | 10/49 | €46,004 | €55,599 | +€9,595 | +20.9% |
| Equity | 10/15 | -€86,771 | -€103,397 | -€16,626 | -19.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €13,345 | €13,345 | = | 0.0% |
| Distributable reserves | 133 | €13,345 | €13,345 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,516 | -€129,142 | -€16,626 | -14.8% |
| Amounts payable | 17/49 | €132,775 | €158,996 | +€26,221 | +19.7% |
| Amounts payable within one year | 42/48 | €132,775 | €158,996 | +€26,221 | +19.7% |
| Taxes, remuneration and social security | 45 | €11,202 | €68 | -€11,134 | -99.4% |
| Taxes | 450/3 | €1,423 | €68 | -€1,355 | -95.2% |
| Remuneration and social security | 454/9 | €9,779 | - | -€9,779 | |
| Other amounts payable | 47/48 | €121,573 | €158,928 | +€37,355 | +30.7% |
| Remuneration, social security and pensions | 62 | €67,413 | €1,196 | -€66,217 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,610 | €5,935 | +€1,325 | +28.7% |
| Other operating charges | 640/8 | €2,548 | €657 | -€1,891 | -74.2% |
| Gross operating margin | 9900 | €21,742 | -€7,464 | -€29,206 | |
| Operating profit (loss) | 9901 | -€52,829 | -€15,252 | +€37,577 | +71.1% |
| Financial charges | 65/66B | €1,155 | €1,373 | +€218 | +18.9% |
| Recurring financial charges | 65 | €1,155 | €1,373 | +€218 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | -€53,984 | -€16,625 | +€37,359 | +69.2% |
| Profit (loss) for the period | 9904 | -€53,984 | -€16,625 | +€37,359 | +69.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,984 | -€16,625 | +€37,359 | +69.2% |
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 30 October 2026 via checked.be.