VETS JOZEF: 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 JOZEF
Largest movements
- Stocks and contracts -€112,456
down €112,456 (-29.1%), from €386,931 to €274,475
- Cash -€17,406
down €17,406 (-38.5%), from €45,165 to €27,760
mainly Net result for the year (-€117,694) and Receivables within one year (-€8,861)
- Receivables within one year +€8,861
up €8,861 (+40.9%), from €21,688 to €30,549
of which Trade receivables: +€10,620
- Profit (loss) carried forward -€117,694
down €117,694 (-575%), from -€20,457 to -€138,150
- Gross operating margin -€115,469
down €115,469, from €30,792 to -€84,677
- Staff costs +€2,042
up €2,042 (+7.0%), from €29,179 to €31,220
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 | €454,002 | €332,784 | -€121,218 | -26.7% |
| Fixed assets | 21/28 | €218 | - | -€218 | |
| Tangible fixed assets | 22/27 | €218 | - | -€218 | |
| Plant, machinery and equipment | 23 | €218 | - | -€218 | |
| Current assets | 29/58 | €453,784 | €332,784 | -€121,000 | -26.7% |
| Stocks and contracts in progress | 3 | €386,931 | €274,475 | -€112,456 | -29.1% |
| Stocks | 30/36 | €386,931 | €274,475 | -€112,456 | -29.1% |
| Amounts receivable within one year | 40/41 | €21,688 | €30,549 | +€8,861 | +40.9% |
| Trade receivables | 40 | €2,380 | €13,000 | +€10,620 | +446% |
| Other amounts receivable | 41 | €19,308 | €17,548 | -€1,760 | -9.1% |
| Cash at bank and in hand | 54/58 | €45,165 | €27,760 | -€17,406 | -38.5% |
| Total equity and liabilities | 10/49 | €454,002 | €332,784 | -€121,218 | -26.7% |
| Equity | 10/15 | €16,306 | -€101,387 | -€117,694 | |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €28,087 | €28,087 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €26,228 | €26,228 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,457 | -€138,150 | -€117,694 | -575% |
| Amounts payable | 17/49 | €437,696 | €434,171 | -€3,525 | -0.8% |
| Amounts payable within one year | 42/48 | €437,696 | €434,171 | -€3,525 | -0.8% |
| Trade debts | 44 | €3,436 | €1,321 | -€2,114 | -61.5% |
| Suppliers | 440/4 | €3,436 | €1,321 | -€2,114 | -61.5% |
| Taxes, remuneration and social security | 45 | €7,972 | €6,561 | -€1,410 | -17.7% |
| Taxes | 450/3 | €2,235 | - | -€2,235 | |
| Remuneration and social security | 454/9 | €5,737 | €6,561 | +€825 | +14.4% |
| Other amounts payable | 47/48 | €426,288 | €426,288 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €29,179 | €31,220 | +€2,042 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218 | €218 | -€0 | 0.0% |
| Other operating charges | 640/8 | €741 | €520 | -€222 | -29.9% |
| Gross operating margin | 9900 | €30,792 | -€84,677 | -€115,469 | |
| Operating profit (loss) | 9901 | €654 | -€116,635 | -€117,289 | |
| Financial income | 75/76B | €177 | - | -€177 | |
| Recurring financial income | 75 | €177 | - | -€177 | |
| Financial charges | 65/66B | €442 | €383 | -€59 | -13.2% |
| Recurring financial charges | 65 | €442 | €383 | -€59 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €389 | -€117,018 | -€117,407 | |
| Income taxes | 67/77 | €343 | €676 | +€333 | +97.0% |
| Profit (loss) for the period | 9904 | €46 | -€117,694 | -€117,740 | |
| Profit (loss) for the period to be appropriated | 9905 | €46 | -€117,694 | -€117,740 |
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 24 October 2026 via checked.be.