VETOMAPPES: 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.
VETOMAPPES
Largest movements
- Tangible fixed assets -€27,035
down €27,035 (-27.5%), from €98,309 to €71,274
of which Plant, machinery and equipment: -€13,623
- Stocks and contracts +€13,056
up €13,056 (+18.9%), from €68,963 to €82,019
- Intangible fixed assets -€9,975
down €9,975 (-23.1%), from €43,096 to €33,121
- Cash +€4,097
up €4,097 (+20.2%), from €20,301 to €24,398
mainly Net result for the year (+€52,684) and Depreciation (+€33,950)
- Receivables within one year -€4,018
down €4,018 (-2.7%), from €147,842 to €143,824
of which Trade receivables: -€23,956
- Reserves +€52,684
up €52,684 (+81.0%), from €65,033 to €117,718
of which Distributable reserves: +€54,544
- Trade debts -€45,530
down €45,530 (-51.9%), from €87,652 to €42,122
- Debts after one year -€38,042
down €38,042 (-24.9%), from €152,872 to €114,830
- Tax, wage and social debts +€10,197
up €10,197 (+31.4%), from €32,474 to €42,671
of which Taxes: +€7,882
- Gross operating margin +€63,238
up €63,238 (+39.4%), from €160,344 to €223,582
- Taxes +€17,080
up €17,080 (+808.1%), from €2,114 to €19,194
- Staff costs +€3,801
up €3,801 (+3.5%), from €107,100 to €110,901
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €385,733 | €363,653 | -€22,080 | -5.7% |
| Fixed assets | 21/28 | €141,605 | €104,594 | -€37,010 | -26.1% |
| Intangible fixed assets | 21 | €43,096 | €33,121 | -€9,975 | -23.1% |
| Tangible fixed assets | 22/27 | €98,309 | €71,274 | -€27,035 | -27.5% |
| Plant, machinery and equipment | 23 | €34,969 | €21,346 | -€13,623 | -39.0% |
| Furniture and vehicles | 24 | €812 | €501 | -€311 | -38.3% |
| Other tangible fixed assets | 26 | €62,527 | €49,427 | -€13,101 | -21.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €244,128 | €259,058 | +€14,930 | +6.1% |
| Stocks and contracts in progress | 3 | €68,963 | €82,019 | +€13,056 | +18.9% |
| Stocks | 30/36 | €68,963 | €82,019 | +€13,056 | +18.9% |
| Amounts receivable within one year | 40/41 | €147,842 | €143,824 | -€4,018 | -2.7% |
| Trade receivables | 40 | €45,830 | €21,873 | -€23,956 | -52.3% |
| Other amounts receivable | 41 | €102,013 | €121,951 | +€19,938 | +19.5% |
| Cash at bank and in hand | 54/58 | €20,301 | €24,398 | +€4,097 | +20.2% |
| Deferred charges and accrued income | 490/1 | €7,022 | €8,817 | +€1,796 | +25.6% |
| Total equity and liabilities | 10/49 | €385,733 | €363,653 | -€22,080 | -5.7% |
| Equity | 10/15 | €71,233 | €123,918 | +€52,684 | +74.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €65,033 | €117,718 | +€52,684 | +81.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €63,173 | €117,718 | +€54,544 | +86.3% |
| Amounts payable | 17/49 | €314,500 | €239,735 | -€74,764 | -23.8% |
| Amounts payable after more than one year | 17 | €152,872 | €114,830 | -€38,042 | -24.9% |
| Financial debts | 170/4 | €152,872 | €114,830 | -€38,042 | -24.9% |
| Amounts payable within one year | 42/48 | €161,628 | €124,905 | -€36,723 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €39,772 | €40,112 | +€339 | +0.9% |
| Trade debts | 44 | €87,652 | €42,122 | -€45,530 | -51.9% |
| Suppliers | 440/4 | €87,652 | €42,122 | -€45,530 | -51.9% |
| Taxes, remuneration and social security | 45 | €32,474 | €42,671 | +€10,197 | +31.4% |
| Taxes | 450/3 | €14,516 | €22,398 | +€7,882 | +54.3% |
| Remuneration and social security | 454/9 | €17,958 | €20,272 | +€2,315 | +12.9% |
| Other amounts payable | 47/48 | €1,729 | - | -€1,729 | |
| Remuneration, social security and pensions | 62 | €107,100 | €110,901 | +€3,801 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,377 | €33,950 | +€1,573 | +4.9% |
| Other operating charges | 640/8 | €2,368 | €2,464 | +€96 | +4.1% |
| Gross operating margin | 9900 | €160,344 | €223,582 | +€63,238 | +39.4% |
| Operating profit (loss) | 9901 | €18,499 | €76,267 | +€57,767 | +312.3% |
| Financial income | 75/76B | €33 | €118 | +€85 | +258.1% |
| Recurring financial income | 75 | €33 | €118 | +€85 | +258.1% |
| Financial charges | 65/66B | €5,393 | €4,507 | -€887 | -16.4% |
| Recurring financial charges | 65 | €5,393 | €4,507 | -€887 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €13,139 | €71,878 | +€58,739 | +447.1% |
| Income taxes | 67/77 | €2,114 | €19,194 | +€17,080 | +808.1% |
| Profit (loss) for the period | 9904 | €11,025 | €52,684 | +€41,659 | +377.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,025 | €52,684 | +€41,659 | +377.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.