VETS PIETER: what changed
VETS PIETER
Largest movements
- Current investments -€40,000
down €40,000 (-100%), from €40,000 to €0
- Tangible fixed assets +€39,903
up €39,903 (+62.5%), from €63,881 to €103,784
of which Furniture and vehicles: +€49,856
- Cash +€17,250
up €17,250 (+70.3%), from €24,534 to €41,784
mainly Current investments (+€40,000) and Depreciation (+€23,904)
- Debts after one year +€11,056
up €11,056 (+18.5%), from €59,731 to €70,788
- Reserves +€6,079
up €6,079 (+21.4%), from €28,353 to €34,432
of which Distributable reserves: +€6,079
- Gross operating margin +€4,531
up €4,531 (+13.8%), from €32,749 to €37,281
- Financial income +€3,371
up €3,371 (+96.3%), from €3,502 to €6,873
- Taxes +€1,107
up €1,107 (+38.1%), from €2,906 to €4,013
- Financial charges +€715
up €715 (+32.9%), from €2,174 to €2,889
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,847 | €153,213 | +€18,367 | +13.6% |
| Fixed assets | 21/28 | €65,756 | €105,659 | +€39,903 | +60.7% |
| Tangible fixed assets | 22/27 | €63,881 | €103,784 | +€39,903 | +62.5% |
| Land and buildings | 22 | €38,991 | €29,243 | -€9,748 | -25.0% |
| Plant, machinery and equipment | 23 | €1,364 | €1,158 | -€206 | -15.1% |
| Furniture and vehicles | 24 | €23,526 | €73,382 | +€49,856 | +212% |
| Financial fixed assets | 28 | €1,875 | €1,875 | = | 0.0% |
| Current assets | 29/58 | €69,091 | €47,555 | -€21,536 | -31.2% |
| Amounts receivable within one year | 40/41 | €3,358 | €3,203 | -€156 | -4.6% |
| Other amounts receivable | 41 | €3,358 | €3,203 | -€156 | -4.6% |
| Current investments | 50/53 | €40,000 | €0 | -€40,000 | -100% |
| Cash at bank and in hand | 54/58 | €24,534 | €41,784 | +€17,250 | +70.3% |
| Deferred charges and accrued income | 490/1 | €1,198 | €2,568 | +€1,370 | +114% |
| Total equity and liabilities | 10/49 | €134,847 | €153,213 | +€18,367 | +13.6% |
| Equity | 10/15 | €46,953 | €53,032 | +€6,079 | +12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,353 | €34,432 | +€6,079 | +21.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €26,493 | €32,572 | +€6,079 | +22.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €87,894 | €100,182 | +€12,288 | +14.0% |
| Amounts payable after more than one year | 17 | €59,731 | €70,788 | +€11,056 | +18.5% |
| Financial debts | 170/4 | €59,731 | €70,788 | +€11,056 | +18.5% |
| Amounts payable within one year | 42/48 | €28,162 | €29,394 | +€1,232 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €23,237 | €23,337 | +€100 | +0.4% |
| Trade debts | 44 | €58 | €1,332 | +€1,274 | +2,188% |
| Suppliers | 440/4 | €58 | €1,332 | +€1,274 | +2,188% |
| Other amounts payable | 47/48 | €4,867 | €4,725 | -€142 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,561 | €23,904 | +€342 | +1.5% |
| Other operating charges | 640/8 | €2,220 | €2,544 | +€324 | +14.6% |
| Gross operating margin | 9900 | €32,749 | €37,281 | +€4,531 | +13.8% |
| Operating profit (loss) | 9901 | €6,968 | €10,833 | +€3,865 | +55.5% |
| Financial income | 75/76B | €3,502 | €6,873 | +€3,371 | +96.3% |
| Recurring financial income | 75 | €3,502 | €6,873 | +€3,371 | +96.3% |
| Financial charges | 65/66B | €2,174 | €2,889 | +€715 | +32.9% |
| Recurring financial charges | 65 | €2,174 | €2,889 | +€715 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | €8,295 | €14,817 | +€6,521 | +78.6% |
| Income taxes | 67/77 | €2,906 | €4,013 | +€1,107 | +38.1% |
| Profit (loss) for the period | 9904 | €5,389 | €10,804 | +€5,414 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €5,389 | €10,804 | +€5,414 | +100% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.