VETOZON: what changed
Two fiscal 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.
VETOZON
Largest movements
- Cash +€4,866
up €4,866 (+50.7%), from €9,599 to €14,465
mainly Net result for the year (+€7,990) and Depreciation (+€1,865)
- Receivables within one year +€4,254
up €4,254 (+337637.3%), from €1 to €4,255
of which Trade receivables: +€3,920
- Tangible fixed assets -€1,865
down €1,865 (-23.7%), from €7,857 to €5,992
- Profit (loss) carried forward +€6,324
up €6,324 (+292.8%), from €2,159 to €8,483
- Other debts +€1,166
up €1,166 (+12.1%), from €9,666 to €10,832
- Tax, wage and social debts -€286
down €286 (-27.7%), from €1,033 to €747
- Gross operating margin +€5,874
up €5,874 (+96.7%), from €6,076 to €11,950
- Taxes +€1,226
up €1,226 (+159.0%), from €771 to €1,997
- Depreciation +€397
up €397 (+27.1%), from €1,467 to €1,865
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 | €17,459 | €24,715 | +€7,256 | +41.6% |
| Fixed assets | 21/28 | €7,857 | €5,992 | -€1,865 | -23.7% |
| Tangible fixed assets | 22/27 | €7,857 | €5,992 | -€1,865 | -23.7% |
| Plant, machinery and equipment | 23 | €7,857 | €5,992 | -€1,865 | -23.7% |
| Current assets | 29/58 | €9,603 | €18,723 | +€9,121 | +95.0% |
| Amounts receivable within one year | 40/41 | €1 | €4,255 | +€4,254 | +337637.3% |
| Trade receivables | 40 | - | €3,920 | +€3,920 | |
| Other amounts receivable | 41 | €1 | €335 | +€334 | +26526.2% |
| Cash at bank and in hand | 54/58 | €9,599 | €14,465 | +€4,866 | +50.7% |
| Deferred charges and accrued income | 490/1 | €3 | €3 | +€1 | +23.0% |
| Total equity and liabilities | 10/49 | €17,459 | €24,715 | +€7,256 | +41.6% |
| Equity | 10/15 | €6,760 | €13,084 | +€6,324 | +93.5% |
| Contributions | 10/11 | €4,601 | €4,601 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,159 | €8,483 | +€6,324 | +292.8% |
| Amounts payable | 17/49 | €10,699 | €11,631 | +€932 | +8.7% |
| Amounts payable within one year | 42/48 | €10,699 | €11,631 | +€932 | +8.7% |
| Trade debts | 44 | - | €52 | +€52 | |
| Suppliers | 440/4 | - | €52 | +€52 | |
| Taxes, remuneration and social security | 45 | €1,033 | €747 | -€286 | -27.7% |
| Taxes | 450/3 | €1,033 | €747 | -€286 | -27.7% |
| Other amounts payable | 47/48 | €9,666 | €10,832 | +€1,166 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,467 | €1,865 | +€397 | +27.1% |
| Gross operating margin | 9900 | €6,076 | €11,950 | +€5,874 | +96.7% |
| Operating profit (loss) | 9901 | €4,608 | €10,085 | +€5,477 | +118.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €12 | €98 | +€86 | +713.3% |
| Recurring financial charges | 65 | €12 | €98 | +€86 | +713.3% |
| Profit (loss) for the period before taxes | 9903 | €4,597 | €9,987 | +€5,390 | +117.3% |
| Income taxes | 67/77 | €771 | €1,997 | +€1,226 | +159.0% |
| Profit (loss) for the period | 9904 | €3,825 | €7,990 | +€4,164 | +108.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,825 | €7,990 | +€4,164 | +108.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.