Vetquin: 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.
Vetquin
Largest movements
- Cash -€165,513
down €165,513 (-69.0%), from €239,914 to €74,401
mainly Contributions, distributions and other (-€336,000) and Receivables within one year (-€995)
- Tangible fixed assets -€11,003
down €11,003 (-31.0%), from €35,489 to €24,486
of which Furniture and vehicles: -€10,229
- Reserves -€251,000
down €251,000 (-92.6%), from €271,000 to €20,000
- Other debts +€73,771
up €73,771 (+274,751%), from €27 to €73,798
- Gross operating margin -€44,416
down €44,416 (-26.9%), from €165,102 to €120,686
- Taxes -€12,135
down €12,135 (-35.0%), from €34,689 to €22,554
- Financial income -€3,677
down €3,677 (-95.9%), from €3,834 to €157
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 | €294,249 | €119,237 | -€175,012 | -59.5% |
| Fixed assets | 21/28 | €35,489 | €24,486 | -€11,003 | -31.0% |
| Tangible fixed assets | 22/27 | €35,489 | €24,486 | -€11,003 | -31.0% |
| Plant, machinery and equipment | 23 | €2,271 | €1,497 | -€774 | -34.1% |
| Furniture and vehicles | 24 | €33,218 | €22,989 | -€10,229 | -30.8% |
| Current assets | 29/58 | €258,760 | €94,750 | -€164,009 | -63.4% |
| Amounts receivable within one year | 40/41 | €16,459 | €17,454 | +€995 | +6.0% |
| Trade receivables | 40 | €16,406 | €17,454 | +€1,048 | +6.4% |
| Other amounts receivable | 41 | €53 | €0 | -€53 | -100% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €239,914 | €74,401 | -€165,513 | -69.0% |
| Deferred charges and accrued income | 490/1 | €2,387 | €2,896 | +€509 | +21.3% |
| Total equity and liabilities | 10/49 | €294,249 | €119,237 | -€175,012 | -59.5% |
| Equity | 10/15 | €276,137 | €25,771 | -€250,366 | -90.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €271,000 | €20,000 | -€251,000 | -92.6% |
| Distributable reserves | 133 | €271,000 | €20,000 | -€251,000 | -92.6% |
| Profit (loss) carried forward | 14 | €137 | €771 | +€634 | +463% |
| Amounts payable | 17/49 | €18,112 | €93,466 | +€75,354 | +416% |
| Amounts payable within one year | 42/48 | €17,831 | €93,320 | +€75,490 | +423% |
| Trade debts | 44 | €540 | €1,744 | +€1,204 | +223% |
| Suppliers | 440/4 | €540 | €1,744 | +€1,204 | +223% |
| Taxes, remuneration and social security | 45 | €17,264 | €17,779 | +€515 | +3.0% |
| Taxes | 450/3 | €17,264 | €17,779 | +€515 | +3.0% |
| Other amounts payable | 47/48 | €27 | €73,798 | +€73,771 | +274,751% |
| Accrued charges and deferred income | 492/3 | €281 | €145 | -€135 | -48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,906 | €11,314 | +€408 | +3.7% |
| Other operating charges | 640/8 | €366 | €949 | +€583 | +159% |
| Gross operating margin | 9900 | €165,102 | €120,686 | -€44,416 | -26.9% |
| Operating profit (loss) | 9901 | €153,829 | €108,423 | -€45,406 | -29.5% |
| Financial income | 75/76B | €3,834 | €157 | -€3,677 | -95.9% |
| Recurring financial income | 75 | €3,834 | €157 | -€3,677 | -95.9% |
| Financial charges | 65/66B | €423 | €392 | -€31 | -7.3% |
| Recurring financial charges | 65 | €423 | €392 | -€31 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €157,240 | €108,188 | -€49,053 | -31.2% |
| Income taxes | 67/77 | €34,689 | €22,554 | -€12,135 | -35.0% |
| Profit (loss) for the period | 9904 | €122,552 | €85,634 | -€36,918 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €122,552 | €85,634 | -€36,918 | -30.1% |
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 13 October 2026 via checked.be.