JUST TO REMEMBER: 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
JUST TO REMEMBER
NACE 75.000, Veterinary services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€52,459
2024 · €191,015-€138,556
Equity
€405,567
2024 · €353,108+€52,459
Cash
€3,186
2024 · €739+€2,447
Balance sheet total
€3.0m
2024 · €3.0m+€8,115
Largest movements
Assets
- Financial fixed assets +€92,500
new in 2025: €92,500
Equity and liabilities
- Debts after one year -€73,814
down €73,814 (-5.2%), from €1.4m to €1.3m
- Reserves +€52,459
up €52,459 (+11.3%), from €466,285 to €518,744
Income statement
- Gross operating margin -€161,536
down €161,536 (-36.4%), from €443,427 to €281,891
- Taxes -€13,856
down €13,856 (-72.5%), from €19,101 to €5,246
- Financial charges -€13,435
down €13,435 (-27.3%), from €49,217 to €35,781
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
€191,015
Gross operating margin
-€161,536
Depreciation
-€4,339
Other operating charges
-€1,462
Financial income
+€1,490
Financial charges
+€13,435
Taxes
+€13,856
Result 2025
€52,459
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
+€284,353
Investment
-€223,759
Financing
-€58,147
Cash 2024
€739
From operations (derived)
+€284,353
Net result for the year
+€52,459
Depreciation
+€177,399
Stocks and contracts
+€25,000
Receivables within one year
-€13,659
Deferred charges and accrued income
+€29,353
Trade debts
+€14,873
Tax, wage and social debts
-€20,074
Other debts
+€24,209
Accrued charges and deferred income
-€5,206
Investment (derived)
-€223,759
Investment in fixed assets (net)
-€223,759
Financing
-€58,147
Debts after one year
-€73,814
Current portion of long-term debt
+€17,781
Short-term financial debts
-€2,113
Cash 2025
€3,186
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,995,200 | €3,003,314 | +€8,115 | +0.3% |
| Fixed assets | 21/28 | €2,783,784 | €2,830,144 | +€46,361 | +1.7% |
| Intangible fixed assets | 21 | €145,380 | €128,021 | -€17,359 | -11.9% |
| Tangible fixed assets | 22/27 | €2,638,404 | €2,609,623 | -€28,781 | -1.1% |
| Land and buildings | 22 | €2,559,417 | €2,447,412 | -€112,005 | -4.4% |
| Plant, machinery and equipment | 23 | €59,122 | €147,992 | +€88,870 | +150% |
| Furniture and vehicles | 24 | €19,864 | €14,219 | -€5,645 | -28.4% |
| Financial fixed assets | 28 | - | €92,500 | +€92,500 | |
| Current assets | 29/58 | €211,416 | €173,170 | -€38,246 | -18.1% |
| Stocks and contracts in progress | 3 | €155,000 | €130,000 | -€25,000 | -16.1% |
| Stocks | 30/36 | €155,000 | €130,000 | -€25,000 | -16.1% |
| Amounts receivable within one year | 40/41 | €16,354 | €30,013 | +€13,659 | +83.5% |
| Trade receivables | 40 | €11,489 | €25,119 | +€13,630 | +119% |
| Other amounts receivable | 41 | €4,865 | €4,895 | +€29 | +0.6% |
| Cash at bank and in hand | 54/58 | €739 | €3,186 | +€2,447 | +331% |
| Deferred charges and accrued income | 490/1 | €39,323 | €9,971 | -€29,353 | -74.6% |
| Total equity and liabilities | 10/49 | €2,995,200 | €3,003,314 | +€8,115 | +0.3% |
| Equity | 10/15 | €353,108 | €405,567 | +€52,459 | +14.9% |
| Contributions | 10/11 | €15,407 | €15,407 | = | 0.0% |
| Reserves | 13 | €466,285 | €518,744 | +€52,459 | +11.3% |
| Distributable reserves | 133 | €466,285 | €518,744 | +€52,459 | +11.3% |
| Profit (loss) carried forward | 14 | -€128,584 | -€128,584 | = | 0.0% |
| Amounts payable | 17/49 | €2,642,092 | €2,597,747 | -€44,345 | -1.7% |
| Amounts payable after more than one year | 17 | €1,414,549 | €1,340,735 | -€73,814 | -5.2% |
| Financial debts | 170/4 | €1,414,549 | €1,340,735 | -€73,814 | -5.2% |
| Amounts payable within one year | 42/48 | €1,191,715 | €1,226,390 | +€34,675 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €138,444 | €156,225 | +€17,781 | +12.8% |
| Financial debts | 43 | €2,113 | - | -€2,113 | |
| Credit institutions | 430/8 | €2,113 | - | -€2,113 | |
| Trade debts | 44 | €77,185 | €92,058 | +€14,873 | +19.3% |
| Suppliers | 440/4 | €77,185 | €92,058 | +€14,873 | +19.3% |
| Taxes, remuneration and social security | 45 | €47,457 | €27,383 | -€20,074 | -42.3% |
| Taxes | 450/3 | €47,457 | €27,383 | -€20,074 | -42.3% |
| Other amounts payable | 47/48 | €926,516 | €950,724 | +€24,209 | +2.6% |
| Accrued charges and deferred income | 492/3 | €35,828 | €30,622 | -€5,206 | -14.5% |
| Non-recurring operating income | 76A | €28,581 | - | -€28,581 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,060 | €177,399 | +€4,339 | +2.5% |
| Other operating charges | 640/8 | €12,238 | €13,700 | +€1,462 | +11.9% |
| Gross operating margin | 9900 | €443,427 | €281,891 | -€161,536 | -36.4% |
| Operating profit (loss) | 9901 | €258,128 | €90,792 | -€167,336 | -64.8% |
| Financial income | 75/76B | €1,205 | €2,695 | +€1,490 | +124% |
| Recurring financial income | 75 | €1,205 | €2,695 | +€1,490 | +124% |
| Financial charges | 65/66B | €49,217 | €35,781 | -€13,435 | -27.3% |
| Recurring financial charges | 65 | €49,217 | €35,781 | -€13,435 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €210,116 | €57,705 | -€152,411 | -72.5% |
| Income taxes | 67/77 | €19,101 | €5,246 | -€13,856 | -72.5% |
| Profit (loss) for the period | 9904 | €191,015 | €52,459 | -€138,556 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €191,015 | €52,459 | -€138,556 | -72.5% |
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 21 October 2026 via checked.be.