VETIX: 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.
VETIX
Largest movements
- Current investments +€210,203
new in 2025: €210,203
- Cash -€161,402
down €161,402 (-97.0%), from €166,357 to €4,955
mainly Current investments (-€210,203) and Debts after one year (-€37,991)
- Tangible fixed assets -€42,741
down €42,741 (-16.4%), from €261,048 to €218,307
of which Land and buildings: -€23,426
- Stocks and contracts -€17,032
down €17,032 (-2.3%), from €755,111 to €738,079
- Reserves +€43,877
up €43,877 (+7.1%), from €618,049 to €661,926
- Debts after one year -€37,991
down €37,991 (-38.6%), from €98,366 to €60,375
- Trade debts -€31,617
down €31,617 (-23.3%), from €135,974 to €104,357
- Tax, wage and social debts +€18,980
up €18,980 (+35.1%), from €54,147 to €73,127
of which Taxes: +€17,285
- Turnover +€63,774
up €63,774 (+4.3%), from €1.5m to €1.6m
- Purchases and services +€45,664
up €45,664 (+3.6%), from €1.3m to €1.3m
- Staff costs +€21,530
up €21,530 (+23.5%), from €91,430 to €112,960
- Depreciation +€15,767
up €15,767 (+53.8%), from €29,312 to €45,079
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 | €1,192,551 | €1,184,278 | -€8,273 | -0.7% |
| Fixed assets | 21/28 | €267,201 | €224,495 | -€42,706 | -16.0% |
| Tangible fixed assets | 22/27 | €261,048 | €218,307 | -€42,741 | -16.4% |
| Land and buildings | 22 | €160,766 | €137,340 | -€23,426 | -14.6% |
| Furniture and vehicles | 24 | €100,282 | €80,967 | -€19,315 | -19.3% |
| Financial fixed assets | 28 | €6,153 | €6,188 | +€35 | +0.6% |
| Current assets | 29/58 | €925,350 | €959,783 | +€34,433 | +3.7% |
| Stocks and contracts in progress | 3 | €755,111 | €738,079 | -€17,032 | -2.3% |
| Stocks | 30/36 | €755,111 | €738,079 | -€17,032 | -2.3% |
| Amounts receivable within one year | 40/41 | - | €2,949 | +€2,949 | |
| Other amounts receivable | 41 | - | €2,949 | +€2,949 | |
| Current investments | 50/53 | - | €210,203 | +€210,203 | |
| Cash at bank and in hand | 54/58 | €166,357 | €4,955 | -€161,402 | -97.0% |
| Deferred charges and accrued income | 490/1 | €3,882 | €3,597 | -€285 | -7.3% |
| Total equity and liabilities | 10/49 | €1,192,551 | €1,184,278 | -€8,273 | -0.7% |
| Equity | 10/15 | €655,233 | €699,110 | +€43,877 | +6.7% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €618,049 | €661,926 | +€43,877 | +7.1% |
| Distributable reserves | 133 | €618,049 | €661,926 | +€43,877 | +7.1% |
| Amounts payable | 17/49 | €537,318 | €485,168 | -€52,150 | -9.7% |
| Amounts payable after more than one year | 17 | €98,366 | €60,375 | -€37,991 | -38.6% |
| Financial debts | 170/4 | €98,366 | €60,375 | -€37,991 | -38.6% |
| Amounts payable within one year | 42/48 | €438,952 | €424,793 | -€14,159 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €48,532 | €37,991 | -€10,541 | -21.7% |
| Trade debts | 44 | €135,974 | €104,357 | -€31,617 | -23.3% |
| Suppliers | 440/4 | €135,974 | €104,357 | -€31,617 | -23.3% |
| Taxes, remuneration and social security | 45 | €54,147 | €73,127 | +€18,980 | +35.1% |
| Taxes | 450/3 | €43,669 | €60,954 | +€17,285 | +39.6% |
| Remuneration and social security | 454/9 | €10,478 | €12,173 | +€1,695 | +16.2% |
| Other amounts payable | 47/48 | €200,299 | €209,318 | +€9,019 | +4.5% |
| Turnover | 70 | €1,492,000 | €1,555,774 | +€63,774 | +4.3% |
| Non-recurring operating income | 76A | €9,116 | €4,961 | -€4,155 | -45.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,256,805 | €1,302,469 | +€45,664 | +3.6% |
| Remuneration, social security and pensions | 62 | €91,430 | €112,960 | +€21,530 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,312 | €45,079 | +€15,767 | +53.8% |
| Other operating charges | 640/8 | €3,158 | - | -€3,158 | |
| Non-recurring operating charges | 66A | €1,027 | €10,547 | +€9,520 | +927.0% |
| Gross operating margin | 9900 | €244,311 | €258,266 | +€13,955 | +5.7% |
| Operating profit (loss) | 9901 | €119,384 | €89,680 | -€29,704 | -24.9% |
| Financial income | 75/76B | €37 | €50 | +€13 | +35.1% |
| Recurring financial income | 75 | €37 | €50 | +€13 | +35.1% |
| Financial charges | 65/66B | €20,873 | €28,999 | +€8,126 | +38.9% |
| Recurring financial charges | 65 | €20,873 | €28,999 | +€8,126 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | €98,548 | €60,731 | -€37,817 | -38.4% |
| Income taxes | 67/77 | €23,217 | €16,021 | -€7,196 | -31.0% |
| Profit (loss) for the period | 9904 | €75,331 | €44,710 | -€30,621 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €75,331 | €44,710 | -€30,621 | -40.6% |
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 3 October 2026 via checked.be.