VETS LUC: 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 LUC
Largest movements
- Cash +€49,843
up €49,843 (+115%), from €43,288 to €93,131
mainly Net result for the year (+€266,369) and Other debts (+€48,299)
- Receivables within one year +€40,655
up €40,655 (+17.3%), from €235,254 to €275,909
of which Other amounts receivable: +€59,477
- Tangible fixed assets -€13,566
down €13,566 (-21.2%), from €64,070 to €50,504
of which Land and buildings: -€12,129
- Other debts +€48,299
up €48,299 (+22.0%), from €219,930 to €268,229
- Tax, wage and social debts +€28,943
up €28,943 (+95.8%), from €30,222 to €59,166
- Gross operating margin +€52,515
up €52,515 (+17.2%), from €305,421 to €357,935
- Taxes +€15,732
up €15,732 (+22.8%), from €69,110 to €84,842
- Financial income +€8,156
up €8,156 (+417%), from €1,954 to €10,111
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 | €342,612 | €419,544 | +€76,931 | +22.5% |
| Fixed assets | 21/28 | €64,070 | €50,504 | -€13,566 | -21.2% |
| Tangible fixed assets | 22/27 | €64,070 | €50,504 | -€13,566 | -21.2% |
| Land and buildings | 22 | €60,053 | €47,924 | -€12,129 | -20.2% |
| Furniture and vehicles | 24 | €4,017 | €2,580 | -€1,437 | -35.8% |
| Current assets | 29/58 | €278,542 | €369,040 | +€90,498 | +32.5% |
| Amounts receivable within one year | 40/41 | €235,254 | €275,909 | +€40,655 | +17.3% |
| Trade receivables | 40 | €78,838 | €60,016 | -€18,823 | -23.9% |
| Other amounts receivable | 41 | €156,416 | €215,893 | +€59,477 | +38.0% |
| Cash at bank and in hand | 54/58 | €43,288 | €93,131 | +€49,843 | +115% |
| Total equity and liabilities | 10/49 | €342,612 | €419,544 | +€76,931 | +22.5% |
| Equity | 10/15 | €90,460 | €88,600 | -€1,860 | -2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,860 | €70,000 | -€1,860 | -2.6% |
| Distributable reserves | 133 | €71,860 | €70,000 | -€1,860 | -2.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €252,152 | €330,944 | +€78,791 | +31.2% |
| Amounts payable within one year | 42/48 | €252,152 | €330,944 | +€78,791 | +31.2% |
| Trade debts | 44 | €2,000 | €3,549 | +€1,549 | +77.4% |
| Suppliers | 440/4 | €2,000 | €3,549 | +€1,549 | +77.4% |
| Taxes, remuneration and social security | 45 | €30,222 | €59,166 | +€28,943 | +95.8% |
| Taxes | 450/3 | €30,222 | €59,166 | +€28,943 | +95.8% |
| Other amounts payable | 47/48 | €219,930 | €268,229 | +€48,299 | +22.0% |
| Remuneration, social security and pensions | 62 | €3,320 | €1,469 | -€1,851 | -55.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,812 | €13,566 | +€754 | +5.9% |
| Other operating charges | 640/8 | €669 | €616 | -€53 | -7.9% |
| Gross operating margin | 9900 | €305,421 | €357,935 | +€52,515 | +17.2% |
| Operating profit (loss) | 9901 | €288,620 | €342,284 | +€53,664 | +18.6% |
| Financial income | 75/76B | €1,954 | €10,111 | +€8,156 | +417% |
| Recurring financial income | 75 | €1,954 | €10,111 | +€8,156 | +417% |
| Financial charges | 65/66B | €1,534 | €1,183 | -€350 | -22.8% |
| Recurring financial charges | 65 | €1,534 | €1,183 | -€350 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €289,040 | €351,211 | +€62,171 | +21.5% |
| Income taxes | 67/77 | €69,110 | €84,842 | +€15,732 | +22.8% |
| Profit (loss) for the period | 9904 | €219,930 | €266,369 | +€46,439 | +21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €219,930 | €266,369 | +€46,439 | +21.1% |
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 19 October 2026 via checked.be.