BAUDELET 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.
BAUDELET Vet
Largest movements
- Tangible fixed assets +€113,033
up €113,033 (+46.7%), from €242,233 to €355,265
of which Land and buildings: +€128,005
- Stocks and contracts +€11,899
up €11,899 (+50.2%), from €23,712 to €35,611
- Cash +€10,202
up €10,202 (+27.1%), from €37,688 to €47,890
mainly Net result for the year (+€58,921) and Debts after one year (+€51,326)
- Reserves +€58,000
up €58,000 (+341%), from €17,000 to €75,000
- Debts after one year +€51,326
up €51,326 (+27.1%), from €189,099 to €240,425
- Tax, wage and social debts +€11,900
up €11,900 (+60.6%), from €19,638 to €31,538
of which Taxes: +€12,768
- Current portion of long-term debt +€9,729
up €9,729 (+60.4%), from €16,111 to €25,840
- Turnover +€29,190
up €29,190 (+8.5%), from €345,225 to €374,416
- Depreciation -€26,454
down €26,454 (-53.6%), from €49,355 to €22,900
- Gross operating margin +€21,432
up €21,432 (+16.9%), from €126,446 to €147,878
- Taxes +€11,815
up €11,815 (+148%), from €7,967 to €19,783
- Purchases and services +€8,475
up €8,475 (+3.6%), from €234,197 to €242,672
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 | €319,627 | €457,434 | +€137,808 | +43.1% |
| Formation expenses | 20 | €1,762 | €1,320 | -€442 | -25.1% |
| Fixed assets | 21/28 | €242,438 | €355,470 | +€113,033 | +46.6% |
| Tangible fixed assets | 22/27 | €242,233 | €355,265 | +€113,033 | +46.7% |
| Land and buildings | 22 | €198,531 | €326,536 | +€128,005 | +64.5% |
| Plant, machinery and equipment | 23 | €30,632 | €21,852 | -€8,780 | -28.7% |
| Furniture and vehicles | 24 | €13,070 | €6,877 | -€6,192 | -47.4% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €75,427 | €100,644 | +€25,217 | +33.4% |
| Stocks and contracts in progress | 3 | €23,712 | €35,611 | +€11,899 | +50.2% |
| Stocks | 30/36 | €23,712 | €35,611 | +€11,899 | +50.2% |
| Amounts receivable within one year | 40/41 | €11,464 | €13,619 | +€2,155 | +18.8% |
| Trade receivables | 40 | €9,087 | €13,619 | +€4,532 | +49.9% |
| Other amounts receivable | 41 | €2,376 | €0 | -€2,376 | -100% |
| Cash at bank and in hand | 54/58 | €37,688 | €47,890 | +€10,202 | +27.1% |
| Deferred charges and accrued income | 490/1 | €2,563 | €3,524 | +€961 | +37.5% |
| Total equity and liabilities | 10/49 | €319,627 | €457,434 | +€137,808 | +43.1% |
| Equity | 10/15 | €27,885 | €86,807 | +€58,921 | +211% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €17,000 | €75,000 | +€58,000 | +341% |
| Distributable reserves | 133 | €17,000 | €75,000 | +€58,000 | +341% |
| Profit (loss) carried forward | 14 | €885 | €1,807 | +€921 | +104% |
| Amounts payable | 17/49 | €291,741 | €370,628 | +€78,887 | +27.0% |
| Amounts payable after more than one year | 17 | €189,099 | €240,425 | +€51,326 | +27.1% |
| Financial debts | 170/4 | €189,099 | €240,425 | +€51,326 | +27.1% |
| Amounts payable within one year | 42/48 | €102,642 | €130,203 | +€27,560 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €16,111 | €25,840 | +€9,729 | +60.4% |
| Trade debts | 44 | €7,568 | €10,416 | +€2,848 | +37.6% |
| Suppliers | 440/4 | €7,568 | €10,416 | +€2,848 | +37.6% |
| Taxes, remuneration and social security | 45 | €19,638 | €31,538 | +€11,900 | +60.6% |
| Taxes | 450/3 | €14,084 | €26,852 | +€12,768 | +90.7% |
| Remuneration and social security | 454/9 | €5,554 | €4,686 | -€869 | -15.6% |
| Other amounts payable | 47/48 | €59,325 | €62,410 | +€3,084 | +5.2% |
| Turnover | 70 | €345,225 | €374,416 | +€29,190 | +8.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €234,197 | €242,672 | +€8,475 | +3.6% |
| Remuneration, social security and pensions | 62 | €44,733 | €36,514 | -€8,219 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,355 | €22,900 | -€26,454 | -53.6% |
| Other operating charges | 640/8 | €2,364 | €1,414 | -€950 | -40.2% |
| Gross operating margin | 9900 | €126,446 | €147,878 | +€21,432 | +16.9% |
| Operating profit (loss) | 9901 | €29,994 | €87,050 | +€57,056 | +190% |
| Financial income | 75/76B | €83 | €10 | -€73 | -88.1% |
| Recurring financial income | 75 | €83 | €10 | -€73 | -88.1% |
| Financial charges | 65/66B | €4,224 | €8,356 | +€4,132 | +97.8% |
| Recurring financial charges | 65 | €4,224 | €8,356 | +€4,132 | +97.8% |
| Profit (loss) for the period before taxes | 9903 | €25,853 | €78,704 | +€52,851 | +204% |
| Income taxes | 67/77 | €7,967 | €19,783 | +€11,815 | +148% |
| Profit (loss) for the period | 9904 | €17,885 | €58,921 | +€41,036 | +229% |
| Profit (loss) for the period to be appropriated | 9905 | €17,885 | €58,921 | +€41,036 | +229% |
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.