VETRINELE: 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.
VETRINELE
Largest movements
- Tangible fixed assets -€10,845
down €10,845 (-26.2%), from €41,463 to €30,618
- Deferred charges and accrued income -€9,494
down €9,494 (-64.7%), from €14,676 to €5,182
- Cash +€6,618
up €6,618 (+78.8%), from €8,400 to €15,018
mainly Depreciation (+€10,845) and Deferred charges and accrued income (+€9,494)
- Receivables within one year -€6,594
down €6,594 (-100%), from €6,594 to €0
of which Trade receivables: -€6,560
- Other debts -€18,745
down €18,745 (-31.8%), from €58,910 to €40,166
- Profit (loss) carried forward -€4,545
down €4,545 (-389%), from -€1,168 to -€5,714
- Tax, wage and social debts +€2,642
up €2,642 (+79.7%), from €3,316 to €5,958
of which Taxes: +€2,642
- Gross operating margin -€4,488
down €4,488 (-34.0%), from €13,192 to €8,705
- Depreciation +€1,576
up €1,576 (+17.0%), from €9,269 to €10,845
- Taxes -€728
down €728 (-48.2%), from €1,512 to €784
- Other operating charges -€668
down €668 (-35.1%), from €1,903 to €1,235
- Financial charges +€271
up €271 (+237%), from €114 to €386
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 | €71,133 | €50,818 | -€20,315 | -28.6% |
| Fixed assets | 21/28 | €41,463 | €30,618 | -€10,845 | -26.2% |
| Tangible fixed assets | 22/27 | €41,463 | €30,618 | -€10,845 | -26.2% |
| Furniture and vehicles | 24 | €41,463 | €30,618 | -€10,845 | -26.2% |
| Current assets | 29/58 | €29,670 | €20,200 | -€9,470 | -31.9% |
| Amounts receivable within one year | 40/41 | €6,594 | €0 | -€6,594 | -100% |
| Trade receivables | 40 | €6,560 | €0 | -€6,560 | -100% |
| Other amounts receivable | 41 | €35 | €0 | -€35 | -100% |
| Cash at bank and in hand | 54/58 | €8,400 | €15,018 | +€6,618 | +78.8% |
| Deferred charges and accrued income | 490/1 | €14,676 | €5,182 | -€9,494 | -64.7% |
| Total equity and liabilities | 10/49 | €71,133 | €50,818 | -€20,315 | -28.6% |
| Equity | 10/15 | €8,832 | €4,286 | -€4,545 | -51.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,168 | -€5,714 | -€4,545 | -389% |
| Amounts payable | 17/49 | €62,301 | €46,531 | -€15,769 | -25.3% |
| Amounts payable within one year | 42/48 | €62,301 | €46,289 | -€16,011 | -25.7% |
| Trade debts | 44 | €74 | €166 | +€91 | +123% |
| Suppliers | 440/4 | €74 | €166 | +€91 | +123% |
| Taxes, remuneration and social security | 45 | €3,316 | €5,958 | +€2,642 | +79.7% |
| Taxes | 450/3 | €3,316 | €5,958 | +€2,642 | +79.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €58,910 | €40,166 | -€18,745 | -31.8% |
| Accrued charges and deferred income | 492/3 | €0 | €242 | +€242 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,269 | €10,845 | +€1,576 | +17.0% |
| Other operating charges | 640/8 | €1,903 | €1,235 | -€668 | -35.1% |
| Non-recurring operating charges | 66A | €176 | €0 | -€176 | -100% |
| Gross operating margin | 9900 | €13,192 | €8,705 | -€4,488 | -34.0% |
| Operating profit (loss) | 9901 | €1,844 | -€3,376 | -€5,220 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €114 | €386 | +€271 | +237% |
| Recurring financial charges | 65 | €114 | €386 | +€271 | +237% |
| Profit (loss) for the period before taxes | 9903 | €1,730 | -€3,762 | -€5,491 | |
| Income taxes | 67/77 | €1,512 | €784 | -€728 | -48.2% |
| Profit (loss) for the period | 9904 | €218 | -€4,545 | -€4,763 | |
| Profit (loss) for the period to be appropriated | 9905 | €218 | -€4,545 | -€4,763 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.