VETOFLO: 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.
VETOFLO
Largest movements
- Cash +€11,791
up €11,791 (+71.5%), from €16,486 to €28,277
mainly Net result for the year (+€10,165) and Depreciation (+€3,352)
- Receivables within one year +€2,689
up €2,689 (+719.3%), from €374 to €3,063
of which Trade receivables: +€2,347
- Tangible fixed assets -€2,451
down €2,451 (-19.6%), from €12,501 to €10,050
of which Plant, machinery and equipment: -€2,468
- Stocks and contracts -€1,479
down €1,479 (-24.2%), from €6,119 to €4,641
- Deferred charges and accrued income -€1,458
down €1,458 (-15.4%), from €9,484 to €8,026
- Contributions +€6,100
up €6,100 (+48.8%), from €12,500 to €18,600
- Other debts +€2,727
up €2,727 (+37.5%), from €7,273 to €10,000
- Gross operating margin -€6,489
down €6,489 (-24.3%), from €26,648 to €20,159
- Other operating charges -€1,117
down €1,117 (-66.6%), from €1,677 to €560
- Financial charges +€652
up €652 (+45.1%), from €1,445 to €2,096
- Taxes -€420
down €420 (-9.8%), from €4,263 to €3,843
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 | €44,964 | €54,057 | +€9,093 | +20.2% |
| Fixed assets | 21/28 | €12,501 | €10,050 | -€2,451 | -19.6% |
| Tangible fixed assets | 22/27 | €12,501 | €10,050 | -€2,451 | -19.6% |
| Plant, machinery and equipment | 23 | €11,440 | €8,972 | -€2,468 | -21.6% |
| Furniture and vehicles | 24 | €1,060 | €1,077 | +€17 | +1.6% |
| Current assets | 29/58 | €32,463 | €44,007 | +€11,544 | +35.6% |
| Stocks and contracts in progress | 3 | €6,119 | €4,641 | -€1,479 | -24.2% |
| Stocks | 30/36 | €6,119 | €4,641 | -€1,479 | -24.2% |
| Amounts receivable within one year | 40/41 | €374 | €3,063 | +€2,689 | +719.3% |
| Trade receivables | 40 | €371 | €2,718 | +€2,347 | +632.3% |
| Other amounts receivable | 41 | €3 | €345 | +€342 | +12954.2% |
| Cash at bank and in hand | 54/58 | €16,486 | €28,277 | +€11,791 | +71.5% |
| Deferred charges and accrued income | 490/1 | €9,484 | €8,026 | -€1,458 | -15.4% |
| Total equity and liabilities | 10/49 | €44,964 | €54,057 | +€9,093 | +20.2% |
| Equity | 10/15 | €34,467 | €40,732 | +€6,265 | +18.2% |
| Contributions | 10/11 | €12,500 | €18,600 | +€6,100 | +48.8% |
| Profit (loss) carried forward | 14 | €21,967 | €22,132 | +€165 | +0.8% |
| Amounts payable | 17/49 | €10,497 | €13,325 | +€2,828 | +26.9% |
| Amounts payable within one year | 42/48 | €10,497 | €13,318 | +€2,821 | +26.9% |
| Trade debts | 44 | €1,052 | €1,279 | +€227 | +21.6% |
| Suppliers | 440/4 | €1,052 | €1,279 | +€227 | +21.6% |
| Taxes, remuneration and social security | 45 | €2,172 | €2,039 | -€134 | -6.2% |
| Taxes | 450/3 | €2,172 | €2,039 | -€134 | -6.2% |
| Other amounts payable | 47/48 | €7,273 | €10,000 | +€2,727 | +37.5% |
| Accrued charges and deferred income | 492/3 | - | €7 | +€7 | |
| Non-recurring operating income | 76A | €9,917 | - | -€9,917 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,229 | €3,352 | +€123 | +3.8% |
| Other operating charges | 640/8 | €1,677 | €560 | -€1,117 | -66.6% |
| Non-recurring operating charges | 66A | - | €213 | +€213 | |
| Gross operating margin | 9900 | €26,648 | €20,159 | -€6,489 | -24.3% |
| Operating profit (loss) | 9901 | €21,742 | €16,034 | -€5,708 | -26.3% |
| Financial income | 75/76B | €59 | €70 | +€11 | +19.4% |
| Recurring financial income | 75 | €59 | €70 | +€11 | +19.4% |
| Financial charges | 65/66B | €1,445 | €2,096 | +€652 | +45.1% |
| Recurring financial charges | 65 | €1,445 | €2,096 | +€652 | +45.1% |
| Profit (loss) for the period before taxes | 9903 | €20,356 | €14,008 | -€6,348 | -31.2% |
| Income taxes | 67/77 | €4,263 | €3,843 | -€420 | -9.8% |
| Profit (loss) for the period | 9904 | €16,093 | €10,165 | -€5,928 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,093 | €10,165 | -€5,928 | -36.8% |
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 1 October 2026 via checked.be.