VETRWEBER: 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.
VETRWEBER
Largest movements
- Cash +€33,413
up €33,413 (+157.5%), from €21,220 to €54,632
mainly Depreciation (+€34,439) and Net result for the year (+€28,996)
- Tangible fixed assets -€20,279
down €20,279 (-10.5%), from €193,154 to €172,875
of which Land and buildings: -€14,691
- Receivables within one year +€5,855
up €5,855 (+81.2%), from €7,208 to €13,063
of which Trade receivables: +€5,887
- Stocks and contracts +€3,245
up €3,245 (+14.8%), from €21,930 to €25,174
- Reserves +€28,996
up €28,996 (+160.3%), from €18,091 to €47,088
of which Distributable reserves: +€28,996
- Debts after one year -€21,261
down €21,261 (-19.2%), from €110,457 to €89,196
- Tax, wage and social debts +€14,760
up €14,760 (+123.6%), from €11,937 to €26,697
of which Taxes: +€10,794
- Other debts +€6,200
up €6,200 (+97.0%), from €6,390 to €12,590
- Trade debts -€3,868
down €3,868 (-12.6%), from €30,644 to €26,777
- Gross operating margin +€52,897
up €52,897 (+86.0%), from €61,534 to €114,432
- Staff costs +€25,682
up €25,682 (+534.4%), from €4,806 to €30,488
- Depreciation -€6,946
down €6,946 (-16.8%), from €41,385 to €34,439
- Taxes +€6,910
up €6,910 (+2235.3%), from €309 to €7,220
- Financial charges +€3,110
up €3,110 (+85.8%), from €3,626 to €6,736
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 | €251,221 | €275,794 | +€24,573 | +9.8% |
| Fixed assets | 21/28 | €196,314 | €177,875 | -€18,439 | -9.4% |
| Tangible fixed assets | 22/27 | €193,154 | €172,875 | -€20,279 | -10.5% |
| Land and buildings | 22 | €124,770 | €110,079 | -€14,691 | -11.8% |
| Plant, machinery and equipment | 23 | €39,925 | €41,863 | +€1,938 | +4.9% |
| Furniture and vehicles | 24 | €28,458 | €20,932 | -€7,526 | -26.4% |
| Financial fixed assets | 28 | €3,160 | €5,000 | +€1,840 | +58.2% |
| Current assets | 29/58 | €54,907 | €97,919 | +€43,012 | +78.3% |
| Stocks and contracts in progress | 3 | €21,930 | €25,174 | +€3,245 | +14.8% |
| Stocks | 30/36 | €21,930 | €25,174 | +€3,245 | +14.8% |
| Amounts receivable within one year | 40/41 | €7,208 | €13,063 | +€5,855 | +81.2% |
| Trade receivables | 40 | €6,595 | €12,482 | +€5,887 | +89.3% |
| Other amounts receivable | 41 | €613 | €581 | -€32 | -5.2% |
| Cash at bank and in hand | 54/58 | €21,220 | €54,632 | +€33,413 | +157.5% |
| Deferred charges and accrued income | 490/1 | €4,549 | €5,049 | +€500 | +11.0% |
| Total equity and liabilities | 10/49 | €251,221 | €275,794 | +€24,573 | +9.8% |
| Equity | 10/15 | €78,091 | €107,088 | +€28,996 | +37.1% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €18,091 | €47,088 | +€28,996 | +160.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €18,091 | €47,088 | +€28,996 | +160.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €173,130 | €168,706 | -€4,424 | -2.6% |
| Amounts payable after more than one year | 17 | €110,457 | €89,196 | -€21,261 | -19.2% |
| Financial debts | 170/4 | €110,457 | €89,196 | -€21,261 | -19.2% |
| Amounts payable within one year | 42/48 | €62,660 | €79,498 | +€16,838 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €13,689 | €13,434 | -€255 | -1.9% |
| Trade debts | 44 | €30,644 | €26,777 | -€3,868 | -12.6% |
| Suppliers | 440/4 | €30,644 | €26,777 | -€3,868 | -12.6% |
| Taxes, remuneration and social security | 45 | €11,937 | €26,697 | +€14,760 | +123.6% |
| Taxes | 450/3 | €10,493 | €21,287 | +€10,794 | +102.9% |
| Remuneration and social security | 454/9 | €1,444 | €5,410 | +€3,966 | +274.7% |
| Other amounts payable | 47/48 | €6,390 | €12,590 | +€6,200 | +97.0% |
| Accrued charges and deferred income | 492/3 | €13 | €13 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €4,806 | €30,488 | +€25,682 | +534.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,385 | €34,439 | -€6,946 | -16.8% |
| Other operating charges | 640/8 | €6,655 | €6,598 | -€57 | -0.9% |
| Non-recurring operating charges | 66A | €126 | €0 | -€126 | -100.0% |
| Gross operating margin | 9900 | €61,534 | €114,432 | +€52,897 | +86.0% |
| Operating profit (loss) | 9901 | €8,562 | €42,907 | +€34,345 | +401.1% |
| Financial income | 75/76B | €460 | €44 | -€416 | -90.4% |
| Recurring financial income | 75 | €460 | €44 | -€416 | -90.4% |
| Financial charges | 65/66B | €3,626 | €6,736 | +€3,110 | +85.8% |
| Recurring financial charges | 65 | €3,626 | €6,736 | +€3,110 | +85.8% |
| Profit (loss) for the period before taxes | 9903 | €5,396 | €36,216 | +€30,820 | +571.2% |
| Income taxes | 67/77 | €309 | €7,220 | +€6,910 | +2235.3% |
| Profit (loss) for the period | 9904 | €5,086 | €28,996 | +€23,910 | +470.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,086 | €28,996 | +€23,910 | +470.1% |
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 10 October 2026 via checked.be.