VETS: 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.
VETS
Largest movements
- Tangible fixed assets -€10,103
down €10,103 (-33.5%), from €30,179 to €20,076
of which Furniture and vehicles: -€9,336
- Receivables within one year +€2,794
up €2,794 (+223%), from €1,253 to €4,047
of which Trade receivables: +€3,287
- Stocks and contracts -€371
down €371 (-10.9%), from €3,410 to €3,039
- Profit (loss) carried forward -€17,117
down €17,117 (-36.4%), from -€47,087 to -€64,204
- Other debts +€14,690
up €14,690 (+28.9%), from €50,807 to €65,498
- Debts after one year -€4,074
down €4,074 (-70.4%), from €5,785 to €1,711
- Tax, wage and social debts -€1,224
down €1,224 (-72.1%), from €1,699 to €475
- Trade debts -€603
down €603 (-53.0%), from €1,138 to €535
- Gross operating margin +€4,098
up €4,098 (+66.6%), from -€6,154 to -€2,056
- Depreciation +€1,007
up €1,007 (+7.9%), from €12,754 to €13,761
- Financial charges -€389
down €389 (-50.8%), from €765 to €376
- Other operating charges -€362
down €362 (-33.7%), from €1,074 to €711
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 | €36,519 | €28,238 | -€8,281 | -22.7% |
| Fixed assets | 21/28 | €30,179 | €20,076 | -€10,103 | -33.5% |
| Tangible fixed assets | 22/27 | €30,179 | €20,076 | -€10,103 | -33.5% |
| Plant, machinery and equipment | 23 | €1,574 | €806 | -€768 | -48.8% |
| Furniture and vehicles | 24 | €28,605 | €19,270 | -€9,336 | -32.6% |
| Current assets | 29/58 | €6,340 | €8,162 | +€1,822 | +28.7% |
| Stocks and contracts in progress | 3 | €3,410 | €3,039 | -€371 | -10.9% |
| Stocks | 30/36 | €3,410 | €3,039 | -€371 | -10.9% |
| Amounts receivable within one year | 40/41 | €1,253 | €4,047 | +€2,794 | +223% |
| Trade receivables | 40 | €630 | €3,917 | +€3,287 | +522% |
| Other amounts receivable | 41 | €623 | €130 | -€494 | -79.2% |
| Cash at bank and in hand | 54/58 | €763 | €447 | -€316 | -41.4% |
| Deferred charges and accrued income | 490/1 | €914 | €629 | -€285 | -31.2% |
| Total equity and liabilities | 10/49 | €36,519 | €28,238 | -€8,281 | -22.7% |
| Equity | 10/15 | -€26,937 | -€44,054 | -€17,117 | -63.5% |
| Contributions | 10/11 | €7,155 | €7,155 | = | 0.0% |
| Reserves | 13 | €12,994 | €12,994 | = | 0.0% |
| Distributable reserves | 133 | €12,994 | €12,994 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,087 | -€64,204 | -€17,117 | -36.4% |
| Amounts payable | 17/49 | €63,456 | €72,292 | +€8,836 | +13.9% |
| Amounts payable after more than one year | 17 | €5,785 | €1,711 | -€4,074 | -70.4% |
| Financial debts | 170/4 | €5,785 | €1,711 | -€4,074 | -70.4% |
| Amounts payable within one year | 42/48 | €57,671 | €70,581 | +€12,910 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €4,027 | €4,074 | +€47 | +1.2% |
| Trade debts | 44 | €1,138 | €535 | -€603 | -53.0% |
| Suppliers | 440/4 | €1,138 | €535 | -€603 | -53.0% |
| Taxes, remuneration and social security | 45 | €1,699 | €475 | -€1,224 | -72.1% |
| Taxes | 450/3 | €1,699 | €475 | -€1,224 | -72.1% |
| Other amounts payable | 47/48 | €50,807 | €65,498 | +€14,690 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,754 | €13,761 | +€1,007 | +7.9% |
| Other operating charges | 640/8 | €1,074 | €711 | -€362 | -33.7% |
| Gross operating margin | 9900 | -€6,154 | -€2,056 | +€4,098 | +66.6% |
| Operating profit (loss) | 9901 | -€19,982 | -€16,529 | +€3,453 | +17.3% |
| Financial income | 75/76B | €10 | €14 | +€4 | +44.7% |
| Recurring financial income | 75 | €10 | €14 | +€4 | +44.7% |
| Financial charges | 65/66B | €765 | €376 | -€389 | -50.8% |
| Recurring financial charges | 65 | €765 | €376 | -€389 | -50.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,737 | -€16,891 | +€3,846 | +18.5% |
| Income taxes | 67/77 | €248 | €227 | -€21 | -8.6% |
| Profit (loss) for the period | 9904 | -€20,985 | -€17,117 | +€3,868 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,985 | -€17,117 | +€3,868 | +18.4% |
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 29 October 2026 via checked.be.