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CINAVET: what changed

Two fiscal 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.

What changed

CINAVET

BE 0801.799.129
NACE 75.000, Veterinary services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€108,655
2024 · €29,724+€78,931
Equity
€148,379
2024 · €39,724+€108,655
Cash
€119,928
2024 · €36,683+€83,245
Balance sheet total
€315,873
2024 · €136,304+€179,570

Largest movements

2024 to 2025
Assets
  • Cash +€83,245

    up €83,245 (+226.9%), from €36,683 to €119,928

    mainly Net result for the year (+€108,655) and Trade debts (+€34,160)

  • Receivables within one year +€79,308

    up €79,308 (+205.7%), from €38,562 to €117,871

  • Stocks and contracts +€25,000

    new in 2025: €25,000

  • Tangible fixed assets -€8,360

    down €8,360 (-14.7%), from €56,819 to €48,459

    of which Plant, machinery and equipment: -€11,762

Equity and liabilities
  • Profit (loss) carried forward +€108,655

    up €108,655 (+365.5%), from €29,724 to €138,379

  • Trade debts +€34,160

    up €34,160 (+64.8%), from €52,725 to €86,884

  • Tax, wage and social debts +€33,860

    up €33,860 (+246.8%), from €13,720 to €47,580

  • Other debts +€7,654

    up €7,654 (+82.1%), from €9,317 to €16,971

  • Debts after one year -€4,972

    down €4,972 (-31.0%), from €16,059 to €11,087

Income statement
  • Gross operating margin +€89,271

    up €89,271 (+118.7%), from €75,224 to €164,494

  • Taxes +€21,800

    up €21,800 (+205.6%), from €10,606 to €32,405

  • Depreciation -€8,148

    down €8,148 (-37.3%), from €21,838 to €13,690

  • Other operating charges -€2,020

    down €2,020 (-32.6%), from €6,188 to €4,168

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €29,724
Gross operating margin +€89,271
Depreciation +€8,148
Other operating charges +€2,020
Financial charges +€1,292
Taxes -€21,800
Result 2025 €108,655

Cash bridge derived

cash 2024 to 2025

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.

From operations +€93,334
Investment -€5,330
Financing -€4,758
Cash 2024 €36,683
Net result for the year +€108,655
Depreciation +€13,690
Stocks and contracts -€25,000
Receivables within one year -€79,308
Deferred charges and accrued income -€376
Trade debts +€34,160
Tax, wage and social debts +€33,860
Other debts +€7,654
Investment in fixed assets (net) -€5,330
Debts after one year -€4,972
Current portion of long-term debt +€214
Cash 2025 €119,928
Every line side by side 36 lines
Line Code 2024 2025 Change %
Total assets 20/58 €136,304 €315,873 +€179,570 +131.7%
Fixed assets 21/28 €56,819 €48,459 -€8,360 -14.7%
Tangible fixed assets 22/27 €56,819 €48,459 -€8,360 -14.7%
Plant, machinery and equipment 23 €56,819 €45,057 -€11,762 -20.7%
Furniture and vehicles 24 - €3,402 +€3,402
Current assets 29/58 €79,485 €267,414 +€187,929 +236.4%
Stocks and contracts in progress 3 - €25,000 +€25,000
Stocks 30/36 - €25,000 +€25,000
Amounts receivable within one year 40/41 €38,562 €117,871 +€79,308 +205.7%
Trade receivables 40 €38,562 €117,871 +€79,308 +205.7%
Cash at bank and in hand 54/58 €36,683 €119,928 +€83,245 +226.9%
Deferred charges and accrued income 490/1 €4,240 €4,615 +€376 +8.9%
Total equity and liabilities 10/49 €136,304 €315,873 +€179,570 +131.7%
Equity 10/15 €39,724 €148,379 +€108,655 +273.5%
Contributions 10/11 €10,000 €10,000 = 0.0%
Profit (loss) carried forward 14 €29,724 €138,379 +€108,655 +365.5%
Amounts payable 17/49 €96,580 €167,495 +€70,915 +73.4%
Amounts payable after more than one year 17 €16,059 €11,087 -€4,972 -31.0%
Financial debts 170/4 €16,059 €11,087 -€4,972 -31.0%
Amounts payable within one year 42/48 €80,521 €156,408 +€75,887 +94.2%
Current portion of amounts payable after more than one year 42 €4,758 €4,972 +€214 +4.5%
Trade debts 44 €52,725 €86,884 +€34,160 +64.8%
Suppliers 440/4 €52,725 €86,884 +€34,160 +64.8%
Taxes, remuneration and social security 45 €13,720 €47,580 +€33,860 +246.8%
Taxes 450/3 €13,720 €47,580 +€33,860 +246.8%
Other amounts payable 47/48 €9,317 €16,971 +€7,654 +82.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €21,838 €13,690 -€8,148 -37.3%
Other operating charges 640/8 €6,188 €4,168 -€2,020 -32.6%
Gross operating margin 9900 €75,224 €164,494 +€89,271 +118.7%
Operating profit (loss) 9901 €47,197 €146,636 +€99,439 +210.7%
Financial charges 65/66B €6,868 €5,576 -€1,292 -18.8%
Recurring financial charges 65 €6,868 €5,576 -€1,292 -18.8%
Profit (loss) for the period before taxes 9903 €40,329 €141,060 +€100,731 +249.8%
Income taxes 67/77 €10,606 €32,405 +€21,800 +205.6%
Profit (loss) for the period 9904 €29,724 €108,655 +€78,931 +265.5%
Profit (loss) for the period to be appropriated 9905 €29,724 €108,655 +€78,931 +265.5%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.