VETMOVE: 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.
VETMOVE
Largest movements
- Tangible fixed assets -€33,033
down €33,033 (-8.5%), from €388,987 to €355,954
of which Land and buildings: -€18,050
- Cash +€16,146
up €16,146 (+25.4%), from €63,505 to €79,651
mainly Depreciation (+€35,566) and Net result for the year (+€32,569)
- Other debts +€29,452
up €29,452 (+33.7%), from €87,394 to €116,846
- Profit (loss) carried forward -€26,431
down €26,431 (-97.1%), from €27,228 to €797
- Debts after one year -€26,197
down €26,197 (-9.4%), from €277,881 to €251,684
of which Financial debts: -€26,197
- Trade debts -€9,705
down €9,705 (-65.9%), from €14,721 to €5,016
- Gross operating margin +€18,636
up €18,636 (+18.2%), from €102,415 to €121,051
- Taxes +€5,383
up €5,383 (+84.3%), from €6,385 to €11,768
- Financial charges +€5,200
up €5,200 (+140.4%), from €3,704 to €8,905
- Staff costs +€1,226
up €1,226 (+4.3%), from €28,452 to €29,678
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 | €494,276 | €468,219 | -€26,058 | -5.3% |
| Fixed assets | 21/28 | €394,430 | €360,897 | -€33,533 | -8.5% |
| Intangible fixed assets | 21 | €3,443 | €2,943 | -€500 | -14.5% |
| Tangible fixed assets | 22/27 | €388,987 | €355,954 | -€33,033 | -8.5% |
| Land and buildings | 22 | €311,659 | €293,609 | -€18,050 | -5.8% |
| Plant, machinery and equipment | 23 | €75,318 | €60,757 | -€14,561 | -19.3% |
| Furniture and vehicles | 24 | €2,010 | €1,588 | -€422 | -21.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €99,847 | €107,322 | +€7,475 | +7.5% |
| Stocks and contracts in progress | 3 | €19,332 | €16,107 | -€3,225 | -16.7% |
| Stocks | 30/36 | €19,332 | €16,107 | -€3,225 | -16.7% |
| Amounts receivable within one year | 40/41 | €11,511 | €6,969 | -€4,542 | -39.5% |
| Trade receivables | 40 | €8,896 | €2,617 | -€6,279 | -70.6% |
| Other amounts receivable | 41 | €2,615 | €4,352 | +€1,737 | +66.4% |
| Cash at bank and in hand | 54/58 | €63,505 | €79,651 | +€16,146 | +25.4% |
| Deferred charges and accrued income | 490/1 | €5,499 | €4,596 | -€904 | -16.4% |
| Total equity and liabilities | 10/49 | €494,276 | €468,219 | -€26,058 | -5.3% |
| Equity | 10/15 | €80,828 | €54,397 | -€26,431 | -32.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €23,600 | €23,600 | = | 0.0% |
| Distributable reserves | 133 | €23,600 | €23,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,228 | €797 | -€26,431 | -97.1% |
| Amounts payable | 17/49 | €413,448 | €413,822 | +€374 | +0.1% |
| Amounts payable after more than one year | 17 | €277,881 | €251,684 | -€26,197 | -9.4% |
| Financial debts | 170/4 | €276,481 | €250,284 | -€26,197 | -9.5% |
| Other amounts payable | 178/9 | €1,400 | €1,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €135,518 | €157,320 | +€21,802 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €25,666 | €26,197 | +€532 | +2.1% |
| Trade debts | 44 | €14,721 | €5,016 | -€9,705 | -65.9% |
| Suppliers | 440/4 | €14,721 | €5,016 | -€9,705 | -65.9% |
| Taxes, remuneration and social security | 45 | €7,737 | €9,260 | +€1,523 | +19.7% |
| Taxes | 450/3 | €1,854 | €4,270 | +€2,415 | +130.2% |
| Remuneration and social security | 454/9 | €5,882 | €4,990 | -€892 | -15.2% |
| Other amounts payable | 47/48 | €87,394 | €116,846 | +€29,452 | +33.7% |
| Accrued charges and deferred income | 492/3 | €49 | €4,818 | +€4,769 | +9699.3% |
| Remuneration, social security and pensions | 62 | €28,452 | €29,678 | +€1,226 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,840 | €35,566 | +€726 | +2.1% |
| Other operating charges | 640/8 | €2,518 | €2,574 | +€57 | +2.2% |
| Gross operating margin | 9900 | €102,415 | €121,051 | +€18,636 | +18.2% |
| Operating profit (loss) | 9901 | €36,606 | €53,233 | +€16,627 | +45.4% |
| Financial income | 75/76B | €292 | €9 | -€283 | -96.9% |
| Recurring financial income | 75 | €292 | €9 | -€283 | -96.9% |
| Financial charges | 65/66B | €3,704 | €8,905 | +€5,200 | +140.4% |
| Recurring financial charges | 65 | €3,704 | €8,905 | +€5,200 | +140.4% |
| Profit (loss) for the period before taxes | 9903 | €33,193 | €44,337 | +€11,144 | +33.6% |
| Income taxes | 67/77 | €6,385 | €11,768 | +€5,383 | +84.3% |
| Profit (loss) for the period | 9904 | €26,808 | €32,569 | +€5,761 | +21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,808 | €32,569 | +€5,761 | +21.5% |
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.