VETHOCONSULT: 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.
VETHOCONSULT
Largest movements
- Cash +€2,678
up €2,678 (+33.1%), from €8,085 to €10,762
mainly Net result for the year (+€11,655) and Depreciation (+€750)
- Stocks and contracts +€2,578
up €2,578 (+28.9%), from €8,932 to €11,511
- Tangible fixed assets -€750
down €750 (-20.7%), from €3,625 to €2,875
- Receivables within one year +€619
up €619 (+18.5%), from €3,355 to €3,975
of which Trade receivables: +€646
- Profit (loss) carried forward +€11,655
up €11,655 (+52.8%), from -€22,074 to -€10,420
- Accrued charges and deferred income -€3,200
down €3,200 (-38.1%), from €8,400 to €5,200
- Other debts -€3,120
down €3,120 (-86.3%), from €3,615 to €495
- Trade debts -€481
down €481 (-5.3%), from €9,115 to €8,635
- Gross operating margin -€7,607
down €7,607 (-35.2%), from €21,606 to €13,999
- Depreciation +€625
up €625 (+500.0%), from €125 to €750
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 | €23,997 | €29,123 | +€5,125 | +21.4% |
| Fixed assets | 21/28 | €3,625 | €2,875 | -€750 | -20.7% |
| Tangible fixed assets | 22/27 | €3,625 | €2,875 | -€750 | -20.7% |
| Plant, machinery and equipment | 23 | €3,625 | €2,875 | -€750 | -20.7% |
| Current assets | 29/58 | €20,372 | €26,248 | +€5,875 | +28.8% |
| Stocks and contracts in progress | 3 | €8,932 | €11,511 | +€2,578 | +28.9% |
| Stocks | 30/36 | €8,932 | €11,511 | +€2,578 | +28.9% |
| Amounts receivable within one year | 40/41 | €3,355 | €3,975 | +€619 | +18.5% |
| Trade receivables | 40 | €3,290 | €3,936 | +€646 | +19.6% |
| Other amounts receivable | 41 | €65 | €39 | -€26 | -40.3% |
| Cash at bank and in hand | 54/58 | €8,085 | €10,762 | +€2,678 | +33.1% |
| Total equity and liabilities | 10/49 | €23,997 | €29,123 | +€5,125 | +21.4% |
| Equity | 10/15 | €1,026 | €12,680 | +€11,655 | +1136.2% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €2,100 | €2,100 | = | 0.0% |
| Distributable reserves | 133 | €2,100 | €2,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,074 | -€10,420 | +€11,655 | +52.8% |
| Amounts payable | 17/49 | €22,971 | €16,442 | -€6,529 | -28.4% |
| Amounts payable within one year | 42/48 | €14,571 | €11,242 | -€3,329 | -22.8% |
| Trade debts | 44 | €9,115 | €8,635 | -€481 | -5.3% |
| Suppliers | 440/4 | €9,115 | €8,635 | -€481 | -5.3% |
| Taxes, remuneration and social security | 45 | €1,841 | €2,112 | +€271 | +14.7% |
| Taxes | 450/3 | €841 | €1,112 | +€271 | +32.3% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €3,615 | €495 | -€3,120 | -86.3% |
| Accrued charges and deferred income | 492/3 | €8,400 | €5,200 | -€3,200 | -38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125 | €750 | +€625 | +500.0% |
| Other operating charges | 640/8 | €841 | €861 | +€20 | +2.3% |
| Gross operating margin | 9900 | €21,606 | €13,999 | -€7,607 | -35.2% |
| Operating profit (loss) | 9901 | €20,640 | €12,388 | -€8,252 | -40.0% |
| Financial income | 75/76B | €4 | €16 | +€12 | +340.6% |
| Recurring financial income | 75 | €4 | €16 | +€12 | +340.6% |
| Financial charges | 65/66B | €675 | €749 | +€74 | +11.0% |
| Recurring financial charges | 65 | €675 | €749 | +€74 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €19,968 | €11,655 | -€8,313 | -41.6% |
| Income taxes | 67/77 | €1 | €0 | -€1 | -100.0% |
| Profit (loss) for the period | 9904 | €19,967 | €11,655 | -€8,313 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,967 | €11,655 | -€8,313 | -41.6% |
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 4 October 2026 via checked.be.