KVG Equine Veterinary Practice: 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.
KVG Equine Veterinary Practice
Largest movements
- Stocks and contracts +€19,029
up €19,029 (+46.2%), from €41,172 to €60,200
- Receivables within one year -€10,935
down €10,935 (-30.4%), from €35,953 to €25,018
of which Trade receivables: -€8,639
- Tangible fixed assets +€5,910
up €5,910 (+50.1%), from €11,786 to €17,696
of which Furniture and vehicles: +€9,526
- Cash -€3,570
down €3,570 (-43.0%), from €8,294 to €4,724
mainly Net result for the year (-€34,509) and Stocks and contracts (-€19,029)
- Other debts +€58,032
up €58,032 (+49.0%), from €118,333 to €176,365
- Profit (loss) carried forward -€34,509
down €34,509 (-40.5%), from -€85,279 to -€119,788
- Trade debts -€9,063
down €9,063 (-30.1%), from €30,089 to €21,026
- Debts after one year -€2,658
down €2,658 (-40.3%), from €6,596 to €3,938
- Advances received -€1,170
down €1,170 (-100%), from €1,170 to €0
- Gross operating margin +€17,879
up €17,879 (+38.2%), from -€46,790 to -€28,911
- Financial charges +€706
up €706 (+86.8%), from €814 to €1,520
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 | €97,334 | €108,055 | +€10,721 | +11.0% |
| Fixed assets | 21/28 | €11,786 | €17,696 | +€5,910 | +50.1% |
| Tangible fixed assets | 22/27 | €11,786 | €17,696 | +€5,910 | +50.1% |
| Plant, machinery and equipment | 23 | €11,786 | €8,170 | -€3,616 | -30.7% |
| Furniture and vehicles | 24 | - | €9,526 | +€9,526 | |
| Current assets | 29/58 | €85,548 | €90,359 | +€4,811 | +5.6% |
| Stocks and contracts in progress | 3 | €41,172 | €60,200 | +€19,029 | +46.2% |
| Stocks | 30/36 | €41,172 | €60,200 | +€19,029 | +46.2% |
| Amounts receivable within one year | 40/41 | €35,953 | €25,018 | -€10,935 | -30.4% |
| Trade receivables | 40 | €33,657 | €25,018 | -€8,639 | -25.7% |
| Other amounts receivable | 41 | €2,296 | €0 | -€2,296 | -100% |
| Cash at bank and in hand | 54/58 | €8,294 | €4,724 | -€3,570 | -43.0% |
| Deferred charges and accrued income | 490/1 | €130 | €417 | +€287 | +221% |
| Total equity and liabilities | 10/49 | €97,334 | €108,055 | +€10,721 | +11.0% |
| Equity | 10/15 | -€65,279 | -€99,788 | -€34,509 | -52.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,279 | -€119,788 | -€34,509 | -40.5% |
| Amounts payable | 17/49 | €162,613 | €207,843 | +€45,230 | +27.8% |
| Amounts payable after more than one year | 17 | €6,596 | €3,938 | -€2,658 | -40.3% |
| Financial debts | 170/4 | €6,596 | €3,938 | -€2,658 | -40.3% |
| Amounts payable within one year | 42/48 | €155,564 | €203,838 | +€48,274 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €2,303 | €2,658 | +€354 | +15.4% |
| Financial debts | 43 | €69 | €127 | +€58 | +84.3% |
| Credit institutions | 430/8 | €69 | €127 | +€58 | +84.3% |
| Trade debts | 44 | €30,089 | €21,026 | -€9,063 | -30.1% |
| Suppliers | 440/4 | €30,089 | €21,026 | -€9,063 | -30.1% |
| Advances received on contracts in progress | 46 | €1,170 | €0 | -€1,170 | -100% |
| Taxes, remuneration and social security | 45 | €3,600 | €3,663 | +€63 | +1.7% |
| Taxes | 450/3 | €3,600 | €3,663 | +€63 | +1.7% |
| Other amounts payable | 47/48 | €118,333 | €176,365 | +€58,032 | +49.0% |
| Accrued charges and deferred income | 492/3 | €453 | €67 | -€386 | -85.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,102 | €3,839 | -€263 | -6.4% |
| Other operating charges | 640/8 | €398 | €239 | -€159 | -40.1% |
| Gross operating margin | 9900 | -€46,790 | -€28,911 | +€17,879 | +38.2% |
| Operating profit (loss) | 9901 | -€51,290 | -€32,989 | +€18,301 | +35.7% |
| Financial charges | 65/66B | €814 | €1,520 | +€706 | +86.8% |
| Recurring financial charges | 65 | €814 | €1,520 | +€706 | +86.8% |
| Profit (loss) for the period before taxes | 9903 | -€52,104 | -€34,509 | +€17,595 | +33.8% |
| Profit (loss) for the period | 9904 | -€52,104 | -€34,509 | +€17,595 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,104 | -€34,509 | +€17,595 | +33.8% |
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 25 October 2026 via checked.be.