VetoPoint: 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.
VetoPoint
Largest movements
- Cash +€38,343
up €38,343 (+101.7%), from €37,691 to €76,034
mainly Net result for the year (+€26,002) and Receivables within one year (+€7,766)
- Receivables within one year -€7,766
down €7,766 (-79.9%), from €9,721 to €1,955
of which Trade receivables: -€7,906
- Profit (loss) carried forward +€26,002
up €26,002 (+100.0%), from €25,999 to €52,001
- Tax, wage and social debts +€4,995
up €4,995 (+38.3%), from €13,035 to €18,030
of which Taxes: +€4,995
- Gross operating margin -€3,386
down €3,386 (-9.3%), from €36,306 to €32,920
- Depreciation -€855
no longer reported in 2025 (was €855)
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 | €49,043 | €79,653 | +€30,610 | +62.4% |
| Formation expenses | 20 | €0 | - | = | |
| Current assets | 29/58 | €49,043 | €79,653 | +€30,610 | +62.4% |
| Amounts receivable within one year | 40/41 | €9,721 | €1,955 | -€7,766 | -79.9% |
| Trade receivables | 40 | €9,721 | €1,815 | -€7,906 | -81.3% |
| Other amounts receivable | 41 | - | €140 | +€140 | |
| Cash at bank and in hand | 54/58 | €37,691 | €76,034 | +€38,343 | +101.7% |
| Deferred charges and accrued income | 490/1 | €1,631 | €1,664 | +€33 | +2.0% |
| Total equity and liabilities | 10/49 | €49,043 | €79,653 | +€30,610 | +62.4% |
| Equity | 10/15 | €28,999 | €55,001 | +€26,002 | +89.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,999 | €52,001 | +€26,002 | +100.0% |
| Amounts payable | 17/49 | €20,044 | €24,652 | +€4,608 | +23.0% |
| Amounts payable within one year | 42/48 | €20,044 | €24,652 | +€4,608 | +23.0% |
| Trade debts | 44 | €168 | €230 | +€62 | +37.0% |
| Suppliers | 440/4 | €168 | €230 | +€62 | +37.0% |
| Taxes, remuneration and social security | 45 | €13,035 | €18,030 | +€4,995 | +38.3% |
| Taxes | 450/3 | €11,660 | €16,655 | +€4,995 | +42.8% |
| Remuneration and social security | 454/9 | €1,375 | €1,375 | +€0 | 0.0% |
| Other amounts payable | 47/48 | €6,842 | €6,392 | -€450 | -6.6% |
| Non-recurring operating income | 76A | - | €268 | +€268 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €855 | - | -€855 | |
| Gross operating margin | 9900 | €36,306 | €32,920 | -€3,386 | -9.3% |
| Operating profit (loss) | 9901 | €35,450 | €32,920 | -€2,530 | -7.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €36 | €40 | +€4 | +10.7% |
| Recurring financial charges | 65 | €36 | €40 | +€4 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €35,415 | €32,880 | -€2,535 | -7.2% |
| Income taxes | 67/77 | €7,198 | €6,878 | -€320 | -4.4% |
| Profit (loss) for the period | 9904 | €28,218 | €26,002 | -€2,216 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,218 | €26,002 | -€2,216 | -7.9% |
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 12 October 2026 via checked.be.