VETRO: 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.
VETRO
Largest movements
- Receivables within one year -€501,684
down €501,684 (-64.5%), from €777,287 to €275,604
of which Trade receivables: -€393,495
- Cash +€51,079
up €51,079 (+845.0%), from €6,045 to €57,123
mainly Receivables within one year (+€501,684) and Net result for the year (+€6,718)
- Trade debts -€400,268
down €400,268 (-60.3%), from €663,374 to €263,105
of which Bills of exchange payable: -€346,611
- Short-term financial debts -€59,418
no longer reported in 2024 (was €59,418)
- Purchases and services -€9,761
down €9,761 (-3.3%), from €297,394 to €287,633
- Gross operating margin +€5,177
up €5,177 (+46.4%), from €11,165 to €16,342
- Turnover -€4,584
down €4,584 (-1.5%), from €308,559 to €303,975
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €787,329 | €335,272 | -€452,057 | -57.4% |
| Fixed assets | 21/28 | €3,997 | €2,545 | -€1,452 | -36.3% |
| Tangible fixed assets | 22/27 | €3,997 | €2,545 | -€1,452 | -36.3% |
| Plant, machinery and equipment | 23 | €3,997 | €2,545 | -€1,452 | -36.3% |
| Other tangible fixed assets | 26 | €0 | €0 | = | 0.0% |
| Current assets | 29/58 | €783,332 | €332,727 | -€450,605 | -57.5% |
| Amounts receivable within one year | 40/41 | €777,287 | €275,604 | -€501,684 | -64.5% |
| Trade receivables | 40 | €650,039 | €256,544 | -€393,495 | -60.5% |
| Other amounts receivable | 41 | €127,248 | €19,060 | -€108,188 | -85.0% |
| Cash at bank and in hand | 54/58 | €6,045 | €57,123 | +€51,079 | +845.0% |
| Total equity and liabilities | 10/49 | €787,329 | €335,272 | -€452,057 | -57.4% |
| Equity | 10/15 | €41,242 | €47,960 | +€6,718 | +16.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,042 | €41,760 | +€6,718 | +19.2% |
| Amounts payable | 17/49 | €746,086 | €287,312 | -€458,774 | -61.5% |
| Amounts payable within one year | 42/48 | €746,086 | €287,312 | -€458,774 | -61.5% |
| Financial debts | 43 | €59,418 | - | -€59,418 | |
| Credit institutions | 430/8 | €59,418 | - | -€59,418 | |
| Trade debts | 44 | €663,374 | €263,105 | -€400,268 | -60.3% |
| Suppliers | 440/4 | €98,268 | €44,611 | -€53,657 | -54.6% |
| Bills of exchange payable | 441 | €565,105 | €218,494 | -€346,611 | -61.3% |
| Advances received on contracts in progress | 46 | €7,282 | €7,282 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €16,014 | €16,926 | +€912 | +5.7% |
| Taxes | 450/3 | €16,014 | €16,926 | +€912 | +5.7% |
| Turnover | 70 | €308,559 | €303,975 | -€4,584 | -1.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €297,394 | €287,633 | -€9,761 | -3.3% |
| Remuneration, social security and pensions | 62 | €3,037 | €1,483 | -€1,554 | -51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,372 | €1,452 | -€1,920 | -56.9% |
| Other operating charges | 640/8 | €421 | €1,388 | +€967 | +229.6% |
| Gross operating margin | 9900 | €11,165 | €16,342 | +€5,177 | +46.4% |
| Operating profit (loss) | 9901 | €4,336 | €12,020 | +€7,684 | +177.2% |
| Financial charges | 65/66B | €3,318 | €1,980 | -€1,339 | -40.3% |
| Recurring financial charges | 65 | €3,318 | €1,980 | -€1,339 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €1,017 | €10,040 | +€9,023 | +887.0% |
| Income taxes | 67/77 | €701 | €3,323 | +€2,621 | +373.7% |
| Profit (loss) for the period | 9904 | €316 | €6,718 | +€6,402 | +2026.7% |
| Profit (loss) for the period to be appropriated | 9905 | €316 | €6,718 | +€6,402 | +2026.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.