DAC Plus: 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.
What changed
DAC Plus
NACE 75.000, Veterinary services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€7,420
2024 · €62,810-€70,229
Equity
€289,360
2024 · €296,779-€7,420
Cash
€126,599
2024 · €317,329-€190,729
Balance sheet total
€1.2m
2024 · €1.2m-€61,751
Largest movements
Assets
- Cash -€190,729
down €190,729 (-60.1%), from €317,329 to €126,599
mainly Current investments (-€152,719) and Other debts (-€65,107)
- Current investments +€152,719
up €152,719, from €0 to €152,719
- Tangible fixed assets -€17,825
down €17,825 (-2.2%), from €820,536 to €802,711
of which Plant, machinery and equipment: -€15,704
Equity and liabilities
- Other debts -€65,107
down €65,107 (-77.4%), from €84,166 to €19,059
- Debts after one year -€58,720
down €58,720 (-8.5%), from €692,067 to €633,347
of which Financial debts: -€58,720
- Trade debts +€54,720
up €54,720 (+87.1%), from €62,789 to €117,509
of which Suppliers: +€54,720
- Accrued charges and deferred income +€13,439
up €13,439, from €0 to €13,439
Income statement
- Gross operating margin -€53,769
down €53,769 (-17.2%), from €313,446 to €259,676
- Staff costs +€47,293
up €47,293 (+34.4%), from €137,338 to €184,631
- Taxes -€25,025
down €25,025 (-92.9%), from €26,943 to €1,918
- Financial income +€3,911
up €3,911 (+7,109%), from €55 to €3,966
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.
Result 2024
€62,810
Gross operating margin
-€53,769
Staff costs
-€47,293
Depreciation
+€75
Other operating charges
-€572
Financial income
+€3,911
Financial charges
+€2,394
Taxes
+€25,025
Result 2025
-€7,420
raises the resultlowers the result
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.
From operations
+€58,472
Investment
-€197,081
Financing
-€52,120
Cash 2024
€317,329
From operations (derived)
+€58,472
Net result for the year
-€7,420
Depreciation
+€62,183
Stocks and contracts
+€7,217
Receivables within one year
-€958
Deferred charges and accrued income
-€339
Trade debts
+€54,720
Tax, wage and social debts
-€5,264
Other debts
-€65,107
Accrued charges and deferred income
+€13,439
Investment (derived)
-€197,081
Investment in fixed assets (net)
-€44,362
Current investments
-€152,719
Financing
-€52,120
Debts after one year
-€58,720
Current portion of long-term debt
+€6,600
Cash 2025
€126,599
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,225,207 | €1,163,456 | -€61,751 | -5.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €820,736 | €802,916 | -€17,820 | -2.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €820,536 | €802,711 | -€17,825 | -2.2% |
| Land and buildings | 22 | €779,369 | €776,805 | -€2,564 | -0.3% |
| Plant, machinery and equipment | 23 | €36,077 | €20,373 | -€15,704 | -43.5% |
| Furniture and vehicles | 24 | €5,091 | €5,534 | +€443 | +8.7% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Financial fixed assets | 28 | €200 | €205 | +€5 | +2.5% |
| Current assets | 29/58 | €404,470 | €360,540 | -€43,930 | -10.9% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Trade receivables | 290 | €0 | €0 | = | |
| Other amounts receivable | 291 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €56,997 | €49,781 | -€7,217 | -12.7% |
| Stocks | 30/36 | €56,997 | €49,781 | -€7,217 | -12.7% |
| Contracts in progress | 37 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €29,300 | €30,257 | +€958 | +3.3% |
| Trade receivables | 40 | €27,342 | €6,326 | -€21,016 | -76.9% |
| Other amounts receivable | 41 | €1,958 | €23,931 | +€21,973 | +1,122% |
| Current investments | 50/53 | €0 | €152,719 | +€152,719 | |
| Cash at bank and in hand | 54/58 | €317,329 | €126,599 | -€190,729 | -60.1% |
| Deferred charges and accrued income | 490/1 | €845 | €1,184 | +€339 | +40.2% |
| Total equity and liabilities | 10/49 | €1,225,207 | €1,163,456 | -€61,751 | -5.0% |
| Equity | 10/15 | €296,779 | €289,360 | -€7,420 | -2.5% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | €0 | = | |
| Reserves | 13 | €226,219 | €226,219 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,000 | €7,000 | = | 0.0% |
| Own shares acquired | 1312 | €0 | €0 | = | |
| Financial assistance | 1313 | €0 | €0 | = | |
| Other | 1319 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €0 | €0 | = | |
| Distributable reserves | 133 | €219,219 | €219,219 | = | 0.0% |
| Profit (loss) carried forward | 14 | €561 | -€6,859 | -€7,420 | |
| Investment grants | 15 | €0 | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Pensions and similar obligations | 160 | €0 | €0 | = | |
| Taxes | 161 | €0 | €0 | = | |
| Major repairs and maintenance | 162 | €0 | €0 | = | |
| Environmental obligations | 163 | €0 | €0 | = | |
| Other liabilities and charges | 164/5 | €0 | €0 | = | |
| Deferred taxes | 168 | €0 | €0 | = | |
| Amounts payable | 17/49 | €928,427 | €874,096 | -€54,331 | -5.9% |
| Amounts payable after more than one year | 17 | €692,067 | €633,347 | -€58,720 | -8.5% |
| Financial debts | 170/4 | €692,067 | €633,347 | -€58,720 | -8.5% |
| Trade debts | 175 | €0 | €0 | = | |
| Advances received on contracts in progress | 176 | €0 | €0 | = | |
| Other amounts payable | 178/9 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €236,360 | €227,309 | -€9,051 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €63,687 | €70,287 | +€6,600 | +10.4% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Other loans | 439 | €0 | €0 | = | |
| Trade debts | 44 | €62,789 | €117,509 | +€54,720 | +87.1% |
| Suppliers | 440/4 | €62,789 | €117,509 | +€54,720 | +87.1% |
| Bills of exchange payable | 441 | €0 | €0 | = | |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €25,718 | €20,454 | -€5,264 | -20.5% |
| Taxes | 450/3 | €12,937 | €0 | -€12,937 | -100% |
| Remuneration and social security | 454/9 | €12,782 | €20,454 | +€7,673 | +60.0% |
| Other amounts payable | 47/48 | €84,166 | €19,059 | -€65,107 | -77.4% |
| Accrued charges and deferred income | 492/3 | €0 | €13,439 | +€13,439 | |
| Remuneration, social security and pensions | 62 | €137,338 | €184,631 | +€47,293 | +34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,258 | €62,183 | -€75 | -0.1% |
| Other operating charges | 640/8 | €5,027 | €5,600 | +€572 | +11.4% |
| Gross operating margin | 9900 | €313,446 | €259,676 | -€53,769 | -17.2% |
| Operating profit (loss) | 9901 | €108,822 | €7,262 | -€101,560 | -93.3% |
| Financial income | 75/76B | €55 | €3,966 | +€3,911 | +7,109% |
| Recurring financial income | 75 | €55 | €3,966 | +€3,911 | +7,109% |
| Financial charges | 65/66B | €19,124 | €16,730 | -€2,394 | -12.5% |
| Recurring financial charges | 65 | €19,124 | €16,730 | -€2,394 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €89,753 | -€5,502 | -€95,255 | |
| Income taxes | 67/77 | €26,943 | €1,918 | -€25,025 | -92.9% |
| Profit (loss) for the period | 9904 | €62,810 | -€7,420 | -€70,229 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,810 | -€7,420 | -€70,229 |
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 15 October 2026 via checked.be.