Vetiz: what changed
Two financial 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.
Vetiz
Largest movements
- Current investments -€153,703
down €153,703 (-49.9%), from €308,115 to €154,412
- Receivables within one year -€60,397
down €60,397 (-63.1%), from €95,670 to €35,273
of which Other amounts receivable: -€60,397
- Cash -€35,206
down €35,206 (-30.7%), from €114,700 to €79,494
mainly Contributions, distributions and other (-€204,820) and Other debts (-€89,868)
- Reserves -€159,086
down €159,086 (-39.2%), from €405,498 to €246,412
of which Distributable reserves: -€159,086
- Other debts -€89,868
down €89,868 (-100%), from €89,868 to €0
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Financial income +€33,717
up €33,717 (+13,215%), from €255 to €33,972
- Taxes +€27,566
up €27,566 (+123%), from €22,478 to €50,044
- Financial charges +€6,077
up €6,077, from -€2,790 to €3,287
- Gross operating margin +€5,392
up €5,392 (+8.1%), from €66,381 to €71,773
- Staff costs +€1,332
up €1,332, from -€1,332 to €0
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.
Derived cash bridge
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 | €524,477 | €274,492 | -€249,984 | -47.7% |
| Fixed assets | 21/28 | - | €1,630 | +€1,630 | |
| Tangible fixed assets | 22/27 | - | €1,630 | +€1,630 | |
| Furniture and vehicles | 24 | - | €1,630 | +€1,630 | |
| Current assets | 29/58 | €524,477 | €272,862 | -€251,614 | -48.0% |
| Amounts receivable within one year | 40/41 | €95,670 | €35,273 | -€60,397 | -63.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €95,670 | €35,273 | -€60,397 | -63.1% |
| Current investments | 50/53 | €308,115 | €154,412 | -€153,703 | -49.9% |
| Cash at bank and in hand | 54/58 | €114,700 | €79,494 | -€35,206 | -30.7% |
| Deferred charges and accrued income | 490/1 | €5,992 | €3,683 | -€2,309 | -38.5% |
| Total equity and liabilities | 10/49 | €524,477 | €274,492 | -€249,984 | -47.7% |
| Equity | 10/15 | €417,898 | €265,012 | -€152,886 | -36.6% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €405,498 | €246,412 | -€159,086 | -39.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €405,498 | €246,412 | -€159,086 | -39.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €106,579 | €9,480 | -€97,099 | -91.1% |
| Amounts payable within one year | 42/48 | €106,579 | €9,480 | -€97,099 | -91.1% |
| Trade debts | 44 | €12,009 | €9,480 | -€2,529 | -21.1% |
| Suppliers | 440/4 | €12,009 | €9,480 | -€2,529 | -21.1% |
| Taxes, remuneration and social security | 45 | €4,703 | €0 | -€4,703 | -100% |
| Taxes | 450/3 | €4,703 | €0 | -€4,703 | -100% |
| Other amounts payable | 47/48 | €89,868 | €0 | -€89,868 | -100% |
| Remuneration, social security and pensions | 62 | -€1,332 | €0 | +€1,332 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €19 | +€19 | |
| Other operating charges | 640/8 | €834 | €462 | -€372 | -44.6% |
| Gross operating margin | 9900 | €66,381 | €71,773 | +€5,392 | +8.1% |
| Operating profit (loss) | 9901 | €66,879 | €71,292 | +€4,413 | +6.6% |
| Financial income | 75/76B | €255 | €33,972 | +€33,717 | +13,215% |
| Recurring financial income | 75 | €255 | €33,972 | +€33,717 | +13,215% |
| Financial charges | 65/66B | -€2,790 | €3,287 | +€6,077 | |
| Recurring financial charges | 65 | -€2,790 | €3,287 | +€6,077 | |
| Profit (loss) for the period before taxes | 9903 | €69,924 | €101,978 | +€32,053 | +45.8% |
| Income taxes | 67/77 | €22,478 | €50,044 | +€27,566 | +123% |
| Profit (loss) for the period | 9904 | €47,447 | €51,934 | +€4,488 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,447 | €51,934 | +€4,488 | +9.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.