VETOCONSULT: 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.
VETOCONSULT
Largest movements
- Receivables within one year +€65,960
up €65,960 (+139%), from €47,565 to €113,525
of which Trade receivables: +€66,382
- Cash -€22,172
down €22,172 (-43.0%), from €51,520 to €29,348
mainly Receivables within one year (-€65,960) and Contributions, distributions and other (-€15,300)
- Tangible fixed assets -€9,317
down €9,317 (-26.4%), from €35,237 to €25,920
of which Furniture and vehicles: -€7,273
- Other debts +€22,985
up €22,985 (+106%), from €21,710 to €44,695
- Trade debts +€7,831
up €7,831 (+501%), from €1,563 to €9,394
- Tax, wage and social debts +€6,022
up €6,022 (+34.2%), from €17,612 to €23,635
- Reserves -€4,000
down €4,000 (-4.4%), from €91,450 to €87,450
- Gross operating margin -€6,348
down €6,348 (-16.7%), from €38,075 to €31,727
- Depreciation +€5,210
up €5,210 (+127%), from €4,107 to €9,317
- Taxes -€1,755
down €1,755 (-15.9%), from €11,024 to €9,269
- Other operating charges -€564
down €564 (-22.0%), from €2,566 to €2,001
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 | €138,078 | €170,998 | +€32,920 | +23.8% |
| Fixed assets | 21/28 | €35,237 | €25,920 | -€9,317 | -26.4% |
| Tangible fixed assets | 22/27 | €35,237 | €25,920 | -€9,317 | -26.4% |
| Land and buildings | 22 | €11,335 | €9,291 | -€2,044 | -18.0% |
| Furniture and vehicles | 24 | €23,902 | €16,629 | -€7,273 | -30.4% |
| Current assets | 29/58 | €102,841 | €145,078 | +€42,237 | +41.1% |
| Amounts receivable within one year | 40/41 | €47,565 | €113,525 | +€65,960 | +139% |
| Trade receivables | 40 | €47,143 | €113,525 | +€66,382 | +141% |
| Other amounts receivable | 41 | €422 | - | -€422 | |
| Cash at bank and in hand | 54/58 | €51,520 | €29,348 | -€22,172 | -43.0% |
| Deferred charges and accrued income | 490/1 | €3,756 | €2,205 | -€1,551 | -41.3% |
| Total equity and liabilities | 10/49 | €138,078 | €170,998 | +€32,920 | +23.8% |
| Equity | 10/15 | €97,192 | €93,204 | -€3,988 | -4.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €91,450 | €87,450 | -€4,000 | -4.4% |
| Distributable reserves | 133 | €91,450 | €87,450 | -€4,000 | -4.4% |
| Profit (loss) carried forward | 14 | €742 | €754 | +€12 | +1.6% |
| Amounts payable | 17/49 | €40,886 | €77,794 | +€36,908 | +90.3% |
| Amounts payable within one year | 42/48 | €40,886 | €77,724 | +€36,838 | +90.1% |
| Trade debts | 44 | €1,563 | €9,394 | +€7,831 | +501% |
| Suppliers | 440/4 | €1,563 | €9,394 | +€7,831 | +501% |
| Taxes, remuneration and social security | 45 | €17,612 | €23,635 | +€6,022 | +34.2% |
| Taxes | 450/3 | €17,612 | €23,635 | +€6,022 | +34.2% |
| Other amounts payable | 47/48 | €21,710 | €44,695 | +€22,985 | +106% |
| Accrued charges and deferred income | 492/3 | - | €70 | +€70 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,107 | €9,317 | +€5,210 | +127% |
| Other operating charges | 640/8 | €2,566 | €2,001 | -€564 | -22.0% |
| Gross operating margin | 9900 | €38,075 | €31,727 | -€6,348 | -16.7% |
| Operating profit (loss) | 9901 | €31,403 | €20,409 | -€10,994 | -35.0% |
| Financial income | 75/76B | €0 | €274 | +€274 | +1,368,950% |
| Recurring financial income | 75 | €0 | €274 | +€274 | +1,368,950% |
| Financial charges | 65/66B | €167 | €102 | -€65 | -38.9% |
| Recurring financial charges | 65 | €167 | €102 | -€65 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | €31,236 | €20,581 | -€10,655 | -34.1% |
| Income taxes | 67/77 | €11,024 | €9,269 | -€1,755 | -15.9% |
| Profit (loss) for the period | 9904 | €20,212 | €11,312 | -€8,901 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,212 | €11,312 | -€8,901 | -44.0% |
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 18 October 2026 via checked.be.