DOCVETCO: 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.
DOCVETCO
Largest movements
- Cash +€24,099
up €24,099 (+63.4%), from €38,028 to €62,126
mainly Net result for the year (+€32,215) and Depreciation (+€27,572)
- Intangible fixed assets -€18,712
down €18,712 (-25.0%), from €74,822 to €56,110
- Tangible fixed assets -€6,362
down €6,362 (-10.9%), from €58,232 to €51,870
of which Plant, machinery and equipment: -€5,458
- Reserves +€31,500
new in 2025: €31,500
- Other debts -€20,171
down €20,171 (-89.3%), from €22,596 to €2,425
- Debts after one year -€9,269
down €9,269 (-79.5%), from €11,652 to €2,384
- Tax, wage and social debts -€6,160
down €6,160 (-32.7%), from €18,815 to €12,655
of which Taxes: -€6,134
- Trade debts +€2,819
up €2,819 (+61.3%), from €4,598 to €7,417
- Gross operating margin -€91,488
down €91,488 (-48.4%), from €188,949 to €97,461
- Taxes -€15,697
down €15,697 (-56.1%), from €27,961 to €12,264
- Depreciation -€3,341
down €3,341 (-10.8%), from €30,913 to €27,572
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.
Cash bridge derived
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 | €186,487 | €185,568 | -€918 | -0.5% |
| Fixed assets | 21/28 | €133,054 | €107,979 | -€25,074 | -18.8% |
| Intangible fixed assets | 21 | €74,822 | €56,110 | -€18,712 | -25.0% |
| Tangible fixed assets | 22/27 | €58,232 | €51,870 | -€6,362 | -10.9% |
| Plant, machinery and equipment | 23 | €48,663 | €43,206 | -€5,458 | -11.2% |
| Furniture and vehicles | 24 | €9,569 | €8,664 | -€905 | -9.5% |
| Current assets | 29/58 | €53,433 | €77,589 | +€24,156 | +45.2% |
| Stocks and contracts in progress | 3 | €15,405 | €14,784 | -€621 | -4.0% |
| Stocks | 30/36 | €15,405 | €14,784 | -€621 | -4.0% |
| Amounts receivable within one year | 40/41 | - | €678 | +€678 | |
| Trade receivables | 40 | - | €678 | +€678 | |
| Cash at bank and in hand | 54/58 | €38,028 | €62,126 | +€24,099 | +63.4% |
| Total equity and liabilities | 10/49 | €186,487 | €185,568 | -€918 | -0.5% |
| Equity | 10/15 | €111,883 | €144,098 | +€32,215 | +28.8% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | - | €31,500 | +€31,500 | |
| Distributable reserves | 133 | - | €31,500 | +€31,500 | |
| Profit (loss) carried forward | 14 | €103,883 | €104,598 | +€715 | +0.7% |
| Amounts payable | 17/49 | €74,604 | €41,470 | -€33,134 | -44.4% |
| Amounts payable after more than one year | 17 | €11,652 | €2,384 | -€9,269 | -79.5% |
| Financial debts | 170/4 | €11,652 | €2,384 | -€9,269 | -79.5% |
| Amounts payable within one year | 42/48 | €61,657 | €38,509 | -€23,148 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €8,858 | €9,269 | +€411 | +4.6% |
| Financial debts | 43 | €6,790 | €6,743 | -€47 | -0.7% |
| Other loans | 439 | €6,790 | €6,743 | -€47 | -0.7% |
| Trade debts | 44 | €4,598 | €7,417 | +€2,819 | +61.3% |
| Suppliers | 440/4 | €4,598 | €7,417 | +€2,819 | +61.3% |
| Taxes, remuneration and social security | 45 | €18,815 | €12,655 | -€6,160 | -32.7% |
| Taxes | 450/3 | €15,005 | €8,871 | -€6,134 | -40.9% |
| Remuneration and social security | 454/9 | €3,810 | €3,784 | -€26 | -0.7% |
| Other amounts payable | 47/48 | €22,596 | €2,425 | -€20,171 | -89.3% |
| Accrued charges and deferred income | 492/3 | €1,294 | €578 | -€717 | -55.4% |
| Remuneration, social security and pensions | 62 | €24,348 | €23,635 | -€712 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,913 | €27,572 | -€3,341 | -10.8% |
| Other operating charges | 640/8 | €63 | - | -€63 | |
| Gross operating margin | 9900 | €188,949 | €97,461 | -€91,488 | -48.4% |
| Operating profit (loss) | 9901 | €133,625 | €46,253 | -€87,372 | -65.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | +2733.3% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +2733.3% |
| Financial charges | 65/66B | €1,782 | €1,775 | -€7 | -0.4% |
| Recurring financial charges | 65 | €1,782 | €1,775 | -€7 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €131,844 | €44,480 | -€87,364 | -66.3% |
| Income taxes | 67/77 | €27,961 | €12,264 | -€15,697 | -56.1% |
| Profit (loss) for the period | 9904 | €103,883 | €32,215 | -€71,668 | -69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €103,883 | €32,215 | -€71,668 | -69.0% |
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 5 October 2026 via checked.be.