VetoH: 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.
VetoH
Largest movements
- Current investments -€60,000
down €60,000 (-100%), from €60,000 to €0
- Cash +€37,383
up €37,383 (+158%), from €23,638 to €61,021
mainly Current investments (+€60,000) and Other debts (+€16,149)
- Receivables within one year +€1,199
up €1,199 (+11.1%), from €10,827 to €12,025
of which Other amounts receivable: +€1,199
- Profit (loss) carried forward -€35,099
down €35,099 (-52.9%), from €66,332 to €31,232
- Other debts +€16,149
up €16,149 (+96.9%), from €16,668 to €32,817
- Tax, wage and social debts -€3,761
down €3,761 (-100%), from €3,761 to €0
- Gross operating margin -€750
down €750 (-2.2%), from -€33,783 to -€34,533
- Financial income +€655
new in 2025: €655
- Other operating charges +€398
up €398 (+865%), from €46 to €444
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 | €97,257 | €75,222 | -€22,035 | -22.7% |
| Fixed assets | 21/28 | €1,768 | €1,187 | -€581 | -32.8% |
| Tangible fixed assets | 22/27 | €1,768 | €1,187 | -€581 | -32.8% |
| Plant, machinery and equipment | 23 | €1,768 | €1,187 | -€581 | -32.8% |
| Current assets | 29/58 | €95,489 | €74,035 | -€21,454 | -22.5% |
| Amounts receivable within one year | 40/41 | €10,827 | €12,025 | +€1,199 | +11.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €10,827 | €12,025 | +€1,199 | +11.1% |
| Current investments | 50/53 | €60,000 | €0 | -€60,000 | -100% |
| Cash at bank and in hand | 54/58 | €23,638 | €61,021 | +€37,383 | +158% |
| Deferred charges and accrued income | 490/1 | €1,025 | €988 | -€36 | -3.5% |
| Total equity and liabilities | 10/49 | €97,257 | €75,222 | -€22,035 | -22.7% |
| Equity | 10/15 | €76,332 | €41,232 | -€35,099 | -46.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,332 | €31,232 | -€35,099 | -52.9% |
| Amounts payable | 17/49 | €20,925 | €33,990 | +€13,065 | +62.4% |
| Amounts payable within one year | 42/48 | €20,592 | €33,024 | +€12,432 | +60.4% |
| Trade debts | 44 | €163 | €207 | +€44 | +26.9% |
| Suppliers | 440/4 | €163 | €207 | +€44 | +26.9% |
| Taxes, remuneration and social security | 45 | €3,761 | €0 | -€3,761 | -100% |
| Taxes | 450/3 | €3,761 | €0 | -€3,761 | -100% |
| Other amounts payable | 47/48 | €16,668 | €32,817 | +€16,149 | +96.9% |
| Accrued charges and deferred income | 492/3 | €333 | €966 | +€633 | +190% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €581 | €581 | = | 0.0% |
| Other operating charges | 640/8 | €46 | €444 | +€398 | +865% |
| Gross operating margin | 9900 | -€33,783 | -€34,533 | -€750 | -2.2% |
| Operating profit (loss) | 9901 | -€34,409 | -€35,557 | -€1,148 | -3.3% |
| Financial income | 75/76B | - | €655 | +€655 | |
| Recurring financial income | 75 | - | €655 | +€655 | |
| Financial charges | 65/66B | €225 | €197 | -€28 | -12.4% |
| Recurring financial charges | 65 | €225 | €197 | -€28 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | -€34,634 | -€35,099 | -€465 | -1.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€34,634 | -€35,099 | -€465 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,634 | -€35,099 | -€465 | -1.3% |
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.