VETOXYGENE: 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.
VETOXYGENE
Largest movements
- Cash -€30,818
down €30,818 (-57.8%), from €53,301 to €22,483
mainly Investment in fixed assets (net) (-€35,883) and Net result for the year (-€30,661)
- Tangible fixed assets +€30,621
up €30,621 (+4,544%), from €674 to €31,295
- Intangible fixed assets -€5,647
down €5,647 (-86.3%), from €6,544 to €897
- Receivables within one year +€2,876
up €2,876 (+21.9%), from €13,152 to €16,028
of which Other amounts receivable: +€6,813
- Reserves -€30,600
down €30,600 (-82.7%), from €37,000 to €6,400
- Trade debts +€11,715
up €11,715 (+76.0%), from €15,421 to €27,136
- Debts after one year +€11,186
up €11,186 (+150%), from €7,445 to €18,632
- Current portion of long-term debt +€9,990
up €9,990 (+248%), from €4,033 to €14,023
- Tax, wage and social debts -€4,616
down €4,616 (-98.6%), from €4,683 to €67
- Staff costs +€36,442
new in 2025: €36,442
- Gross operating margin -€11,214
down €11,214 (-37.6%), from €29,841 to €18,627
- Taxes -€4,616
down €4,616 (-98.6%), from €4,683 to €67
- Depreciation +€4,428
up €4,428 (+73.5%), from €6,021 to €10,449
- Other operating charges +€1,164
up €1,164, from €0 to €1,164
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 | €73,671 | €71,285 | -€2,386 | -3.2% |
| Fixed assets | 21/28 | €7,218 | €32,652 | +€25,434 | +352% |
| Intangible fixed assets | 21 | €6,544 | €897 | -€5,647 | -86.3% |
| Tangible fixed assets | 22/27 | €674 | €31,295 | +€30,621 | +4,544% |
| Furniture and vehicles | 24 | €674 | €31,295 | +€30,621 | +4,544% |
| Financial fixed assets | 28 | - | €460 | +€460 | |
| Current assets | 29/58 | €66,453 | €38,633 | -€27,820 | -41.9% |
| Amounts receivable within one year | 40/41 | €13,152 | €16,028 | +€2,876 | +21.9% |
| Trade receivables | 40 | €12,371 | €8,434 | -€3,937 | -31.8% |
| Other amounts receivable | 41 | €781 | €7,594 | +€6,813 | +872% |
| Cash at bank and in hand | 54/58 | €53,301 | €22,483 | -€30,818 | -57.8% |
| Deferred charges and accrued income | 490/1 | - | €122 | +€122 | |
| Total equity and liabilities | 10/49 | €73,671 | €71,285 | -€2,386 | -3.2% |
| Equity | 10/15 | €42,089 | €11,428 | -€30,661 | -72.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €37,000 | €6,400 | -€30,600 | -82.7% |
| Distributable reserves | 133 | €37,000 | €6,400 | -€30,600 | -82.7% |
| Profit (loss) carried forward | 14 | €89 | €28 | -€61 | -68.2% |
| Amounts payable | 17/49 | €31,582 | €59,857 | +€28,274 | +89.5% |
| Amounts payable after more than one year | 17 | €7,445 | €18,632 | +€11,186 | +150% |
| Financial debts | 170/4 | €7,445 | €18,632 | +€11,186 | +150% |
| Amounts payable within one year | 42/48 | €24,137 | €41,225 | +€17,088 | +70.8% |
| Current portion of amounts payable after more than one year | 42 | €4,033 | €14,023 | +€9,990 | +248% |
| Trade debts | 44 | €15,421 | €27,136 | +€11,715 | +76.0% |
| Suppliers | 440/4 | €15,421 | €27,136 | +€11,715 | +76.0% |
| Taxes, remuneration and social security | 45 | €4,683 | €67 | -€4,616 | -98.6% |
| Taxes | 450/3 | €4,683 | €67 | -€4,616 | -98.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €36,442 | +€36,442 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,021 | €10,449 | +€4,428 | +73.5% |
| Other operating charges | 640/8 | €0 | €1,164 | +€1,164 | |
| Gross operating margin | 9900 | €29,841 | €18,627 | -€11,214 | -37.6% |
| Operating profit (loss) | 9901 | €23,820 | -€29,429 | -€53,248 | |
| Financial income | 75/76B | €6 | €3 | -€3 | -51.1% |
| Recurring financial income | 75 | €6 | €3 | -€3 | -51.1% |
| Financial charges | 65/66B | €727 | €1,169 | +€441 | +60.7% |
| Recurring financial charges | 65 | €727 | €1,169 | +€441 | +60.7% |
| Profit (loss) for the period before taxes | 9903 | €23,099 | -€30,594 | -€53,693 | |
| Income taxes | 67/77 | €4,683 | €67 | -€4,616 | -98.6% |
| Profit (loss) for the period | 9904 | €18,416 | -€30,661 | -€49,076 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,416 | -€30,661 | -€49,076 |
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 28 October 2026 via checked.be.