veThera: 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.
veThera
Largest movements
- Cash +€17,802
up €17,802 (+46.5%), from €38,299 to €56,101
mainly Net result for the year (+€29,994) and Receivables within one year (+€7,932)
- Receivables within one year -€7,932
down €7,932 (-64.0%), from €12,397 to €4,465
- Profit (loss) carried forward +€29,994
up €29,994 (+73.9%), from €40,565 to €70,559
- Debts after one year -€16,737
down €16,737 (-16.7%), from €99,933 to €83,196
- Tax, wage and social debts -€4,763
down €4,763 (-29.0%), from €16,405 to €11,642
of which Taxes: -€4,763
- Gross operating margin -€12,030
down €12,030 (-20.4%), from €58,928 to €46,898
- Taxes -€3,358
down €3,358 (-23.4%), from €14,328 to €10,969
- Other operating charges +€974
new in 2025: €974
- Financial charges +€926
up €926 (+22.9%), from €4,035 to €4,960
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 | €200,791 | €210,599 | +€9,808 | +4.9% |
| Fixed assets | 21/28 | €150,000 | €150,000 | = | 0.0% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €50,791 | €60,599 | +€9,808 | +19.3% |
| Amounts receivable within one year | 40/41 | €12,397 | €4,465 | -€7,932 | -64.0% |
| Trade receivables | 40 | €12,397 | €4,465 | -€7,932 | -64.0% |
| Cash at bank and in hand | 54/58 | €38,299 | €56,101 | +€17,802 | +46.5% |
| Deferred charges and accrued income | 490/1 | €95 | €33 | -€62 | -65.2% |
| Total equity and liabilities | 10/49 | €200,791 | €210,599 | +€9,808 | +4.9% |
| Equity | 10/15 | €43,065 | €73,059 | +€29,994 | +69.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,565 | €70,559 | +€29,994 | +73.9% |
| Amounts payable | 17/49 | €157,726 | €137,540 | -€20,186 | -12.8% |
| Amounts payable after more than one year | 17 | €99,933 | €83,196 | -€16,737 | -16.7% |
| Financial debts | 170/4 | €99,933 | €83,196 | -€16,737 | -16.7% |
| Amounts payable within one year | 42/48 | €57,793 | €54,344 | -€3,449 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €16,031 | €16,737 | +€706 | +4.4% |
| Trade debts | 44 | €129 | €881 | +€752 | +581.9% |
| Suppliers | 440/4 | €129 | €881 | +€752 | +581.9% |
| Taxes, remuneration and social security | 45 | €16,405 | €11,642 | -€4,763 | -29.0% |
| Taxes | 450/3 | €13,429 | €8,666 | -€4,763 | -35.5% |
| Remuneration and social security | 454/9 | €2,976 | €2,976 | = | 0.0% |
| Other amounts payable | 47/48 | €25,228 | €25,085 | -€144 | -0.6% |
| Other operating charges | 640/8 | - | €974 | +€974 | |
| Gross operating margin | 9900 | €58,928 | €46,898 | -€12,030 | -20.4% |
| Operating profit (loss) | 9901 | €58,928 | €45,924 | -€13,004 | -22.1% |
| Financial charges | 65/66B | €4,035 | €4,960 | +€926 | +22.9% |
| Recurring financial charges | 65 | €4,035 | €4,960 | +€926 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | €54,893 | €40,963 | -€13,929 | -25.4% |
| Income taxes | 67/77 | €14,328 | €10,969 | -€3,358 | -23.4% |
| Profit (loss) for the period | 9904 | €40,565 | €29,994 | -€10,571 | -26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,565 | €29,994 | -€10,571 | -26.1% |
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 3 October 2026 via checked.be.