Vetics: 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.
Vetics
Largest movements
- Tangible fixed assets +€31,343
up €31,343 (+36.2%), from €86,613 to €117,956
of which Other tangible fixed assets: +€41,532
- Receivables within one year +€1,799
up €1,799 (+42.9%), from €4,191 to €5,990
of which Other amounts receivable: +€2,540
- Other debts +€16,120
up €16,120 (+536.6%), from €3,004 to €19,124
- Tax, wage and social debts +€11,221
up €11,221 (+162.3%), from €6,916 to €18,136
of which Taxes: +€5,733
- Current portion of long-term debt +€7,121
up €7,121 (+46.3%), from €15,367 to €22,488
- Debts after one year -€6,798
down €6,798 (-10.2%), from €66,460 to €59,662
- Trade debts +€2,872
up €2,872 (+41.5%), from €6,912 to €9,784
- Staff costs +€25,328
up €25,328 (+133.0%), from €19,037 to €44,365
- Gross operating margin +€25,074
up €25,074 (+56.2%), from €44,579 to €69,653
- Depreciation +€1,809
up €1,809 (+12.6%), from €14,373 to €16,182
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 | €120,750 | €153,511 | +€32,760 | +27.1% |
| Fixed assets | 21/28 | €86,613 | €117,956 | +€31,343 | +36.2% |
| Tangible fixed assets | 22/27 | €86,613 | €117,956 | +€31,343 | +36.2% |
| Plant, machinery and equipment | 23 | €73,805 | €69,716 | -€4,089 | -5.5% |
| Furniture and vehicles | 24 | €12,808 | €6,708 | -€6,100 | -47.6% |
| Other tangible fixed assets | 26 | - | €41,532 | +€41,532 | |
| Current assets | 29/58 | €34,138 | €35,555 | +€1,417 | +4.2% |
| Stocks and contracts in progress | 3 | €20,917 | €20,941 | +€24 | +0.1% |
| Stocks | 30/36 | €20,917 | €20,941 | +€24 | +0.1% |
| Amounts receivable within one year | 40/41 | €4,191 | €5,990 | +€1,799 | +42.9% |
| Trade receivables | 40 | €4,136 | €3,395 | -€741 | -17.9% |
| Other amounts receivable | 41 | €55 | €2,595 | +€2,540 | +4580.8% |
| Cash at bank and in hand | 54/58 | €8,664 | €8,432 | -€232 | -2.7% |
| Deferred charges and accrued income | 490/1 | €365 | €193 | -€173 | -47.3% |
| Total equity and liabilities | 10/49 | €120,750 | €153,511 | +€32,760 | +27.1% |
| Equity | 10/15 | €22,064 | €24,188 | +€2,124 | +9.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €19,871 | €21,995 | +€2,124 | +10.7% |
| Distributable reserves | 133 | €19,871 | €21,995 | +€2,124 | +10.7% |
| Profit (loss) carried forward | 14 | €193 | €193 | = | 0.0% |
| Amounts payable | 17/49 | €98,687 | €129,323 | +€30,637 | +31.0% |
| Amounts payable after more than one year | 17 | €66,460 | €59,662 | -€6,798 | -10.2% |
| Financial debts | 170/4 | €66,460 | €59,662 | -€6,798 | -10.2% |
| Amounts payable within one year | 42/48 | €32,227 | €69,662 | +€37,435 | +116.2% |
| Current portion of amounts payable after more than one year | 42 | €15,367 | €22,488 | +€7,121 | +46.3% |
| Financial debts | 43 | €28 | €129 | +€101 | +356.8% |
| Credit institutions | 430/8 | €28 | €129 | +€101 | +356.8% |
| Trade debts | 44 | €6,912 | €9,784 | +€2,872 | +41.5% |
| Suppliers | 440/4 | €6,912 | €9,784 | +€2,872 | +41.5% |
| Taxes, remuneration and social security | 45 | €6,916 | €18,136 | +€11,221 | +162.3% |
| Taxes | 450/3 | €6,916 | €12,648 | +€5,733 | +82.9% |
| Remuneration and social security | 454/9 | €0 | €5,488 | +€5,488 | |
| Other amounts payable | 47/48 | €3,004 | €19,124 | +€16,120 | +536.6% |
| Remuneration, social security and pensions | 62 | €19,037 | €44,365 | +€25,328 | +133.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,373 | €16,182 | +€1,809 | +12.6% |
| Other operating charges | 640/8 | €1,355 | €686 | -€668 | -49.3% |
| Gross operating margin | 9900 | €44,579 | €69,653 | +€25,074 | +56.2% |
| Operating profit (loss) | 9901 | €9,814 | €8,419 | -€1,395 | -14.2% |
| Financial income | 75/76B | €73 | €363 | +€289 | +393.3% |
| Recurring financial income | 75 | €73 | €363 | +€289 | +393.3% |
| Financial charges | 65/66B | €5,138 | €5,237 | +€99 | +1.9% |
| Recurring financial charges | 65 | €5,138 | €5,237 | +€99 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €4,749 | €3,544 | -€1,205 | -25.4% |
| Income taxes | 67/77 | €1,382 | €1,420 | +€38 | +2.7% |
| Profit (loss) for the period | 9904 | €3,367 | €2,124 | -€1,243 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,367 | €2,124 | -€1,243 | -36.9% |
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 5 October 2026 via checked.be.