VETIKA: what changed
What changed
VETIKA
NACE 46.647, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€82,404
2024 · €25,247+€57,157
Equity
€153,915
2024 · €77,510+€76,404
Cash
€104,244
2024 · €25,149+€79,095
Balance sheet total
€400,786
2024 · €266,009+€134,777
Largest movements
Assets
- Cash +€79,095
up €79,095 (+315%), from €25,149 to €104,244
mainly Net result for the year (+€82,404) and Trade debts (+€49,280)
- Stocks and contracts +€28,685
up €28,685 (+35.7%), from €80,386 to €109,070
- Receivables within one year +€18,327
up €18,327 (+13.1%), from €140,044 to €158,371
of which Trade receivables: +€41,677
- Tangible fixed assets +€7,058
up €7,058 (+43.3%), from €16,288 to €23,346
of which Plant, machinery and equipment: +€5,037
Equity and liabilities
- Reserves +€76,404
up €76,404 (+130%), from €58,910 to €135,315
of which Distributable reserves: +€76,404
- Trade debts +€49,280
up €49,280 (+315%), from €15,629 to €64,910
- Other debts +€21,002
up €21,002 (+525%), from €4,000 to €25,002
- Tax, wage and social debts -€10,184
down €10,184 (-18.4%), from €55,201 to €45,017
of which Taxes: -€11,388
Income statement
- Gross operating margin +€92,380
up €92,380 (+86.5%), from €106,752 to €199,132
- Taxes +€20,864
up €20,864 (+134%), from €15,528 to €36,392
- Staff costs +€6,641
up €6,641 (+11.7%), from €56,577 to €63,218
- Financial income -€4,384
down €4,384 (-99.1%), from €4,424 to €39
of which Non-recurring financial income: -€2,996
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€25,247
Gross operating margin
+€92,380
Staff costs
-€6,641
Depreciation
-€1,155
Write-downs
-€143
Other operating charges
-€166
Financial income
-€4,384
Financial charges
-€1,868
Taxes
-€20,864
Result 2025
€82,404
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€96,447
Investment
-€12,025
Financing
-€5,327
Cash 2024
€25,149
From operations (derived)
+€96,447
Net result for the year
+€82,404
Depreciation
+€4,967
Stocks and contracts
-€28,685
Receivables within one year
-€18,327
Deferred charges and accrued income
-€1,612
Trade debts
+€49,280
Tax, wage and social debts
-€10,184
Advances received
-€630
Other debts
+€21,002
Accrued charges and deferred income
-€1,769
Investment (derived)
-€12,025
Investment in fixed assets (net)
-€12,025
Financing
-€5,327
Debts after one year
-€1,523
Current portion of long-term debt
+€78
Short-term financial debts
+€2,118
Contributions, distributions and other
-€6,000
Cash 2025
€104,244
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €266,009 | €400,786 | +€134,777 | +50.7% |
| Fixed assets | 21/28 | €17,188 | €24,246 | +€7,058 | +41.1% |
| Tangible fixed assets | 22/27 | €16,288 | €23,346 | +€7,058 | +43.3% |
| Land and buildings | 22 | €9,366 | €7,904 | -€1,462 | -15.6% |
| Plant, machinery and equipment | 23 | €521 | €5,558 | +€5,037 | +966% |
| Furniture and vehicles | 24 | €6,401 | €9,884 | +€3,484 | +54.4% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €248,821 | €376,539 | +€127,719 | +51.3% |
| Stocks and contracts in progress | 3 | €80,386 | €109,070 | +€28,685 | +35.7% |
| Stocks | 30/36 | €80,386 | €109,070 | +€28,685 | +35.7% |
| Amounts receivable within one year | 40/41 | €140,044 | €158,371 | +€18,327 | +13.1% |
| Trade receivables | 40 | €110,420 | €152,097 | +€41,677 | +37.7% |
| Other amounts receivable | 41 | €29,624 | €6,273 | -€23,350 | -78.8% |
| Cash at bank and in hand | 54/58 | €25,149 | €104,244 | +€79,095 | +315% |
| Deferred charges and accrued income | 490/1 | €3,242 | €4,855 | +€1,612 | +49.7% |
| Total equity and liabilities | 10/49 | €266,009 | €400,786 | +€134,777 | +50.7% |
| Equity | 10/15 | €77,510 | €153,915 | +€76,404 | +98.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,910 | €135,315 | +€76,404 | +130% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €40,160 | €116,565 | +€76,404 | +190% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €188,498 | €246,871 | +€58,373 | +31.0% |
| Amounts payable after more than one year | 17 | €105,109 | €103,586 | -€1,523 | -1.4% |
| Financial debts | 170/4 | €105,109 | €103,586 | -€1,523 | -1.4% |
| Amounts payable within one year | 42/48 | €77,275 | €138,939 | +€61,665 | +79.8% |
| Current portion of amounts payable after more than one year | 42 | €1,445 | €1,523 | +€78 | +5.4% |
| Financial debts | 43 | €0 | €2,118 | +€2,118 | |
| Credit institutions | 430/8 | €0 | €2,118 | +€2,118 | |
| Trade debts | 44 | €15,629 | €64,910 | +€49,280 | +315% |
| Suppliers | 440/4 | €15,629 | €64,910 | +€49,280 | +315% |
| Advances received on contracts in progress | 46 | €1,000 | €370 | -€630 | -63.0% |
| Taxes, remuneration and social security | 45 | €55,201 | €45,017 | -€10,184 | -18.4% |
| Taxes | 450/3 | €50,786 | €39,398 | -€11,388 | -22.4% |
| Remuneration and social security | 454/9 | €4,415 | €5,619 | +€1,204 | +27.3% |
| Other amounts payable | 47/48 | €4,000 | €25,002 | +€21,002 | +525% |
| Accrued charges and deferred income | 492/3 | €6,115 | €4,346 | -€1,769 | -28.9% |
| Remuneration, social security and pensions | 62 | €56,577 | €63,218 | +€6,641 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,811 | €4,967 | +€1,155 | +30.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €143 | +€143 | |
| Other operating charges | 640/8 | €2,066 | €2,232 | +€166 | +8.0% |
| Gross operating margin | 9900 | €106,752 | €199,132 | +€92,380 | +86.5% |
| Operating profit (loss) | 9901 | €44,298 | €128,572 | +€84,274 | +190% |
| Financial income | 75/76B | €4,424 | €39 | -€4,384 | -99.1% |
| Recurring financial income | 75 | €1,427 | €39 | -€1,388 | -97.2% |
| Non-recurring financial income | 76B | €2,996 | €0 | -€2,996 | -100% |
| Financial charges | 65/66B | €7,947 | €9,815 | +€1,868 | +23.5% |
| Recurring financial charges | 65 | €7,947 | €9,815 | +€1,868 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €40,775 | €118,796 | +€78,021 | +191% |
| Income taxes | 67/77 | €15,528 | €36,392 | +€20,864 | +134% |
| Profit (loss) for the period | 9904 | €25,247 | €82,404 | +€57,157 | +226% |
| Profit (loss) for the period to be appropriated | 9905 | €25,247 | €82,404 | +€57,157 | +226% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.