VETTERS HEIDI: 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.
VETTERS HEIDI
Largest movements
- Tangible fixed assets -€8,738
down €8,738 (-35.4%), from €24,661 to €15,923
of which Furniture and vehicles: -€5,365
- Cash -€6,294
down €6,294 (-93.3%), from €6,742 to €449
mainly Other debts (-€48,147) and Trade debts (-€999)
- Stocks and contracts -€2,669
down €2,669 (-64.0%), from €4,169 to €1,500
- Receivables within one year -€1,409
no longer reported in 2025 (was €1,409)
- Other debts -€48,147
down €48,147 (-47.2%), from €102,015 to €53,868
- Profit (loss) carried forward +€30,566
up €30,566 (+27.6%), from -€110,892 to -€80,326
- Trade debts -€999
down €999 (-13.5%), from €7,422 to €6,423
- Tax, wage and social debts -€529
down €529 (-4.8%), from €11,048 to €10,520
of which Taxes: -€448
- Gross operating margin +€22,376
up €22,376 (+57.2%), from €39,094 to €61,470
- Staff costs +€5,659
up €5,659 (+39.8%), from €14,209 to €19,868
- Financial charges -€1,534
down €1,534 (-82.9%), from €1,851 to €317
- Depreciation +€978
up €978 (+12.6%), from €7,760 to €8,738
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 | €38,094 | €18,985 | -€19,109 | -50.2% |
| Fixed assets | 21/28 | €25,774 | €17,036 | -€8,738 | -33.9% |
| Tangible fixed assets | 22/27 | €24,661 | €15,923 | -€8,738 | -35.4% |
| Land and buildings | 22 | €11,418 | €8,045 | -€3,373 | -29.5% |
| Furniture and vehicles | 24 | €13,243 | €7,878 | -€5,365 | -40.5% |
| Financial fixed assets | 28 | €1,113 | €1,113 | = | 0.0% |
| Current assets | 29/58 | €12,320 | €1,949 | -€10,371 | -84.2% |
| Stocks and contracts in progress | 3 | €4,169 | €1,500 | -€2,669 | -64.0% |
| Stocks | 30/36 | €4,169 | €1,500 | -€2,669 | -64.0% |
| Amounts receivable within one year | 40/41 | €1,409 | - | -€1,409 | |
| Trade receivables | 40 | €1,409 | - | -€1,409 | |
| Cash at bank and in hand | 54/58 | €6,742 | €449 | -€6,294 | -93.3% |
| Total equity and liabilities | 10/49 | €38,094 | €18,985 | -€19,109 | -50.2% |
| Equity | 10/15 | -€92,292 | -€61,726 | +€30,566 | +33.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,892 | -€80,326 | +€30,566 | +27.6% |
| Amounts payable | 17/49 | €130,386 | €80,711 | -€49,675 | -38.1% |
| Amounts payable within one year | 42/48 | €120,486 | €70,811 | -€49,675 | -41.2% |
| Trade debts | 44 | €7,422 | €6,423 | -€999 | -13.5% |
| Suppliers | 440/4 | €7,422 | €6,423 | -€999 | -13.5% |
| Taxes, remuneration and social security | 45 | €11,048 | €10,520 | -€529 | -4.8% |
| Taxes | 450/3 | €9,771 | €9,323 | -€448 | -4.6% |
| Remuneration and social security | 454/9 | €1,277 | €1,197 | -€80 | -6.3% |
| Other amounts payable | 47/48 | €102,015 | €53,868 | -€48,147 | -47.2% |
| Accrued charges and deferred income | 492/3 | €9,900 | €9,900 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €14,209 | €19,868 | +€5,659 | +39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,760 | €8,738 | +€978 | +12.6% |
| Other operating charges | 640/8 | €1,739 | €1,626 | -€113 | -6.5% |
| Gross operating margin | 9900 | €39,094 | €61,470 | +€22,376 | +57.2% |
| Operating profit (loss) | 9901 | €15,386 | €31,238 | +€15,852 | +103% |
| Financial income | 75/76B | €87 | €189 | +€101 | +116% |
| Recurring financial income | 75 | €87 | €189 | +€101 | +116% |
| Financial charges | 65/66B | €1,851 | €317 | -€1,534 | -82.9% |
| Recurring financial charges | 65 | €1,851 | €317 | -€1,534 | -82.9% |
| Profit (loss) for the period before taxes | 9903 | €13,623 | €31,111 | +€17,488 | +128% |
| Income taxes | 67/77 | €552 | €544 | -€8 | -1.4% |
| Profit (loss) for the period | 9904 | €13,071 | €30,566 | +€17,495 | +134% |
| Profit (loss) for the period to be appropriated | 9905 | €13,071 | €30,566 | +€17,495 | +134% |
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 30 October 2026 via checked.be.