VETOSTEO: 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.
VETOSTEO
Largest movements
- Tangible fixed assets -€18,640
down €18,640 (-27.7%), from €67,177 to €48,537
- Cash +€12,000
up €12,000 (+38.1%), from €31,527 to €43,527
mainly Depreciation (+€20,175) and Net result for the year (+€8,895)
- Stocks and contracts +€3,972
up €3,972 (+141.5%), from €2,806 to €6,777
- Receivables within one year +€2,971
up €2,971 (+12.6%), from €23,670 to €26,641
of which Other amounts receivable: +€5,495
- Deferred charges and accrued income +€1,920
up €1,920 (+1746.3%), from €110 to €2,029
- Debts after one year -€14,143
down €14,143 (-38.7%), from €36,546 to €22,403
- Profit (loss) carried forward +€8,895
up €8,895 (+19.3%), from €46,204 to €55,099
- Trade debts +€7,190
up €7,190 (+103.4%), from €6,954 to €14,144
- Other debts +€3,546
up €3,546 (+480.0%), from €739 to €4,285
- Tax, wage and social debts -€1,710
down €1,710 (-12.1%), from €14,148 to €12,438
of which Taxes: -€4,710
- Gross operating margin -€16,598
down €16,598 (-31.8%), from €52,170 to €35,572
- Taxes -€2,712
down €2,712 (-46.7%), from €5,809 to €3,097
- Financial charges -€2,215
down €2,215 (-51.2%), from €4,322 to €2,108
- Other operating charges +€707
up €707 (+116.8%), from €605 to €1,312
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 | €125,289 | €127,511 | +€2,222 | +1.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €67,177 | €48,537 | -€18,640 | -27.7% |
| Tangible fixed assets | 22/27 | €67,177 | €48,537 | -€18,640 | -27.7% |
| Furniture and vehicles | 24 | €67,177 | €48,537 | -€18,640 | -27.7% |
| Current assets | 29/58 | €58,112 | €78,975 | +€20,862 | +35.9% |
| Stocks and contracts in progress | 3 | €2,806 | €6,777 | +€3,972 | +141.5% |
| Stocks | 30/36 | €2,806 | €6,777 | +€3,972 | +141.5% |
| Amounts receivable within one year | 40/41 | €23,670 | €26,641 | +€2,971 | +12.6% |
| Trade receivables | 40 | €23,056 | €20,533 | -€2,524 | -10.9% |
| Other amounts receivable | 41 | €613 | €6,108 | +€5,495 | +895.8% |
| Cash at bank and in hand | 54/58 | €31,527 | €43,527 | +€12,000 | +38.1% |
| Deferred charges and accrued income | 490/1 | €110 | €2,029 | +€1,920 | +1746.3% |
| Total equity and liabilities | 10/49 | €125,289 | €127,511 | +€2,222 | +1.8% |
| Equity | 10/15 | €51,204 | €60,099 | +€8,895 | +17.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,204 | €55,099 | +€8,895 | +19.3% |
| Amounts payable | 17/49 | €74,085 | €67,412 | -€6,673 | -9.0% |
| Amounts payable after more than one year | 17 | €36,546 | €22,403 | -€14,143 | -38.7% |
| Financial debts | 170/4 | €36,546 | €22,403 | -€14,143 | -38.7% |
| Amounts payable within one year | 42/48 | €37,539 | €45,009 | +€7,470 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €15,699 | €14,143 | -€1,555 | -9.9% |
| Trade debts | 44 | €6,954 | €14,144 | +€7,190 | +103.4% |
| Suppliers | 440/4 | €6,954 | €14,144 | +€7,190 | +103.4% |
| Taxes, remuneration and social security | 45 | €14,148 | €12,438 | -€1,710 | -12.1% |
| Taxes | 450/3 | €14,148 | €9,438 | -€4,710 | -33.3% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €739 | €4,285 | +€3,546 | +480.0% |
| Remuneration, social security and pensions | 62 | - | -€14 | -€14 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,968 | €20,175 | +€207 | +1.0% |
| Other operating charges | 640/8 | €605 | €1,312 | +€707 | +116.8% |
| Gross operating margin | 9900 | €52,170 | €35,572 | -€16,598 | -31.8% |
| Operating profit (loss) | 9901 | €31,596 | €14,100 | -€17,496 | -55.4% |
| Financial income | 75/76B | €14 | €0 | -€14 | -99.0% |
| Recurring financial income | 75 | €14 | €0 | -€14 | -99.0% |
| Financial charges | 65/66B | €4,322 | €2,108 | -€2,215 | -51.2% |
| Recurring financial charges | 65 | €4,322 | €2,108 | -€2,215 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €27,288 | €11,992 | -€15,296 | -56.1% |
| Income taxes | 67/77 | €5,809 | €3,097 | -€2,712 | -46.7% |
| Profit (loss) for the period | 9904 | €21,479 | €8,895 | -€12,584 | -58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,479 | €8,895 | -€12,584 | -58.6% |
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.