VÊTUE: 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.
VÊTUE
Largest movements
- Cash -€3,565
down €3,565 (-27.9%), from €12,786 to €9,221
mainly Trade debts (-€13,191) and Receivables within one year (-€4)
- Deferred charges and accrued income -€395
no longer reported in 2025 (was €395)
- Trade debts -€13,191
down €13,191 (-83.9%), from €15,721 to €2,529
- Profit (loss) carried forward +€5,036
up €5,036 (+49.2%), from -€10,228 to -€5,192
- Accrued charges and deferred income +€2,484
new in 2025: €2,484
- Tax, wage and social debts +€1,715
up €1,715 (+305%), from €562 to €2,277
- Gross operating margin -€7,021
down €7,021 (-50.2%), from €13,986 to €6,965
- Taxes -€500
no longer reported in 2025 (was €500)
- Financial income -€479
down €479 (-96.4%), from €496 to €18
- Other operating charges +€190
up €190 (+29.8%), from €639 to €829
- Financial charges -€188
down €188 (-14.4%), from €1,307 to €1,118
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 | €17,405 | €13,448 | -€3,957 | -22.7% |
| Fixed assets | 21/28 | €77 | €77 | = | 0.0% |
| Financial fixed assets | 28 | €77 | €77 | = | 0.0% |
| Current assets | 29/58 | €17,327 | €13,370 | -€3,957 | -22.8% |
| Amounts receivable within one year | 40/41 | €4,146 | €4,150 | +€4 | +0.1% |
| Trade receivables | 40 | - | €838 | +€838 | |
| Other amounts receivable | 41 | €4,146 | €3,312 | -€834 | -20.1% |
| Cash at bank and in hand | 54/58 | €12,786 | €9,221 | -€3,565 | -27.9% |
| Deferred charges and accrued income | 490/1 | €395 | - | -€395 | |
| Total equity and liabilities | 10/49 | €17,405 | €13,448 | -€3,957 | -22.7% |
| Equity | 10/15 | €1,122 | €6,158 | +€5,036 | +449% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,150 | €5,150 | = | 0.0% |
| Distributable reserves | 133 | €5,150 | €5,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,228 | -€5,192 | +€5,036 | +49.2% |
| Amounts payable | 17/49 | €16,282 | €7,289 | -€8,993 | -55.2% |
| Amounts payable within one year | 42/48 | €16,282 | €4,806 | -€11,477 | -70.5% |
| Trade debts | 44 | €15,721 | €2,529 | -€13,191 | -83.9% |
| Suppliers | 440/4 | €15,721 | €2,529 | -€13,191 | -83.9% |
| Taxes, remuneration and social security | 45 | €562 | €2,277 | +€1,715 | +305% |
| Taxes | 450/3 | €562 | €2,277 | +€1,715 | +305% |
| Accrued charges and deferred income | 492/3 | - | €2,484 | +€2,484 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184 | - | -€184 | |
| Other operating charges | 640/8 | €639 | €829 | +€190 | +29.8% |
| Gross operating margin | 9900 | €13,986 | €6,965 | -€7,021 | -50.2% |
| Operating profit (loss) | 9901 | €13,164 | €6,136 | -€7,027 | -53.4% |
| Financial income | 75/76B | €496 | €18 | -€479 | -96.4% |
| Recurring financial income | 75 | €496 | €18 | -€479 | -96.4% |
| Financial charges | 65/66B | €1,307 | €1,118 | -€188 | -14.4% |
| Recurring financial charges | 65 | €1,307 | €1,118 | -€188 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €12,354 | €5,036 | -€7,318 | -59.2% |
| Income taxes | 67/77 | €500 | - | -€500 | |
| Profit (loss) for the period | 9904 | €11,854 | €5,036 | -€6,818 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,854 | €5,036 | -€6,818 | -57.5% |
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 14 October 2026 via checked.be.