AN-Vet': 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.
AN-Vet'
Largest movements
- Tangible fixed assets -€22,003
down €22,003 (-30.9%), from €71,276 to €49,273
- Deferred charges and accrued income +€2,961
up €2,961 (+2,006%), from €148 to €3,109
- Cash -€2,591
down €2,591 (-23.0%), from €11,247 to €8,656
mainly Debts after one year (-€15,863) and Trade debts (-€3,938)
- Stocks and contracts +€1,758
up €1,758 (+15.3%), from €11,486 to €13,244
- Debts after one year -€15,863
down €15,863 (-35.2%), from €45,021 to €29,159
- Trade debts -€3,938
down €3,938 (-14.7%), from €26,759 to €22,821
- Tax, wage and social debts -€1,412
down €1,412 (-21.7%), from €6,512 to €5,100
of which Taxes: -€2,150
- Gross operating margin +€14,086
up €14,086 (+33.3%), from €42,332 to €56,418
- Staff costs +€12,816
up €12,816 (+67.0%), from €19,121 to €31,937
- Depreciation -€1,393
down €1,393 (-7.2%), from €19,297 to €17,904
- Financial charges +€912
up €912 (+26.2%), from €3,479 to €4,391
of which Non-recurring financial charges: +€1,218
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 | €104,861 | €84,046 | -€20,815 | -19.8% |
| Fixed assets | 21/28 | €72,081 | €50,078 | -€22,003 | -30.5% |
| Tangible fixed assets | 22/27 | €71,276 | €49,273 | -€22,003 | -30.9% |
| Plant, machinery and equipment | 23 | €29,273 | €19,558 | -€9,715 | -33.2% |
| Furniture and vehicles | 24 | €7,848 | €5,446 | -€2,401 | -30.6% |
| Leasing and similar rights | 25 | €34,155 | €24,268 | -€9,886 | -28.9% |
| Financial fixed assets | 28 | €805 | €805 | = | 0.0% |
| Current assets | 29/58 | €32,780 | €33,968 | +€1,188 | +3.6% |
| Stocks and contracts in progress | 3 | €11,486 | €13,244 | +€1,758 | +15.3% |
| Stocks | 30/36 | €11,486 | €13,244 | +€1,758 | +15.3% |
| Amounts receivable within one year | 40/41 | €9,900 | €8,959 | -€940 | -9.5% |
| Trade receivables | 40 | €8,644 | €8,027 | -€617 | -7.1% |
| Other amounts receivable | 41 | €1,256 | €932 | -€324 | -25.8% |
| Cash at bank and in hand | 54/58 | €11,247 | €8,656 | -€2,591 | -23.0% |
| Deferred charges and accrued income | 490/1 | €148 | €3,109 | +€2,961 | +2,006% |
| Total equity and liabilities | 10/49 | €104,861 | €84,046 | -€20,815 | -19.8% |
| Equity | 10/15 | €12,026 | €11,729 | -€297 | -2.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,026 | €1,729 | -€297 | -14.7% |
| Amounts payable | 17/49 | €92,835 | €72,317 | -€20,518 | -22.1% |
| Amounts payable after more than one year | 17 | €45,021 | €29,159 | -€15,863 | -35.2% |
| Financial debts | 170/4 | €45,021 | €29,159 | -€15,863 | -35.2% |
| Amounts payable within one year | 42/48 | €47,813 | €43,159 | -€4,655 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €14,542 | €15,238 | +€695 | +4.8% |
| Trade debts | 44 | €26,759 | €22,821 | -€3,938 | -14.7% |
| Suppliers | 440/4 | €26,759 | €22,821 | -€3,938 | -14.7% |
| Taxes, remuneration and social security | 45 | €6,512 | €5,100 | -€1,412 | -21.7% |
| Taxes | 450/3 | €4,364 | €2,214 | -€2,150 | -49.3% |
| Remuneration and social security | 454/9 | €2,148 | €2,886 | +€738 | +34.4% |
| Remuneration, social security and pensions | 62 | €19,121 | €31,937 | +€12,816 | +67.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,297 | €17,904 | -€1,393 | -7.2% |
| Other operating charges | 640/8 | €1,881 | €1,760 | -€122 | -6.5% |
| Gross operating margin | 9900 | €42,332 | €56,418 | +€14,086 | +33.3% |
| Operating profit (loss) | 9901 | €2,032 | €4,817 | +€2,785 | +137% |
| Financial income | 75/76B | €143 | €98 | -€45 | -31.5% |
| Recurring financial income | 75 | €143 | €98 | -€45 | -31.5% |
| Financial charges | 65/66B | €3,479 | €4,391 | +€912 | +26.2% |
| Recurring financial charges | 65 | €3,479 | €3,172 | -€306 | -8.8% |
| Non-recurring financial charges | 66B | - | €1,218 | +€1,218 | |
| Profit (loss) for the period before taxes | 9903 | -€1,303 | €524 | +€1,828 | |
| Income taxes | 67/77 | €273 | €821 | +€548 | +201% |
| Profit (loss) for the period | 9904 | -€1,576 | -€297 | +€1,279 | +81.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,576 | -€297 | +€1,279 | +81.2% |
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 20 October 2026 via checked.be.