LO Vet.: 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.
LO Vet.
Largest movements
- Cash -€45,444
down €45,444 (-90.9%), from €49,969 to €4,524
mainly Contributions, distributions and other (-€381,539) and Tax, wage and social debts (-€44,780)
- Tangible fixed assets -€27,409
down €27,409 (-4.7%), from €579,441 to €552,032
of which Land and buildings: -€30,462
- Receivables within one year -€24,598
down €24,598 (-11.7%), from €210,732 to €186,134
of which Trade receivables: -€48,743
- Deferred charges and accrued income -€15,978
down €15,978 (-37.4%), from €42,763 to €26,785
- Profit (loss) carried forward -€290,740
down €290,740 (-100%), from €290,740 to €0
- Other debts +€252,592
up €252,592 (+165%), from €152,918 to €405,509
- Tax, wage and social debts -€44,780
down €44,780 (-61.3%), from €72,995 to €28,216
of which Remuneration and social security: -€23,800
- Debts after one year -€27,651
down €27,651 (-8.8%), from €314,359 to €286,709
- Gross operating margin -€17,787
down €17,787 (-9.9%), from €179,092 to €161,305
- Taxes -€5,227
down €5,227 (-18.0%), from €29,098 to €23,870
- Financial charges -€2,992
down €2,992 (-31.2%), from €9,596 to €6,604
- Depreciation +€2,073
up €2,073 (+6.2%), from €33,546 to €35,619
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 | €882,905 | €769,476 | -€113,429 | -12.8% |
| Fixed assets | 21/28 | €579,441 | €552,032 | -€27,409 | -4.7% |
| Tangible fixed assets | 22/27 | €579,441 | €552,032 | -€27,409 | -4.7% |
| Land and buildings | 22 | €558,415 | €527,954 | -€30,462 | -5.5% |
| Plant, machinery and equipment | 23 | €13,296 | €11,072 | -€2,224 | -16.7% |
| Furniture and vehicles | 24 | €6,334 | €6,450 | +€116 | +1.8% |
| Other tangible fixed assets | 26 | €1,395 | €6,556 | +€5,161 | +370% |
| Current assets | 29/58 | €303,464 | €217,444 | -€86,020 | -28.3% |
| Amounts receivable within one year | 40/41 | €210,732 | €186,134 | -€24,598 | -11.7% |
| Trade receivables | 40 | €208,732 | €159,989 | -€48,743 | -23.4% |
| Other amounts receivable | 41 | €2,000 | €26,145 | +€24,145 | +1,207% |
| Cash at bank and in hand | 54/58 | €49,969 | €4,524 | -€45,444 | -90.9% |
| Deferred charges and accrued income | 490/1 | €42,763 | €26,785 | -€15,978 | -37.4% |
| Total equity and liabilities | 10/49 | €882,905 | €769,476 | -€113,429 | -12.8% |
| Equity | 10/15 | €309,340 | €18,600 | -€290,740 | -94.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €290,740 | €0 | -€290,740 | -100% |
| Amounts payable | 17/49 | €573,565 | €750,876 | +€177,311 | +30.9% |
| Amounts payable after more than one year | 17 | €314,359 | €286,709 | -€27,651 | -8.8% |
| Financial debts | 170/4 | €314,359 | €286,709 | -€27,651 | -8.8% |
| Amounts payable within one year | 42/48 | €257,078 | €464,167 | +€207,089 | +80.6% |
| Current portion of amounts payable after more than one year | 42 | €27,179 | €27,651 | +€471 | +1.7% |
| Trade debts | 44 | €3,986 | €2,792 | -€1,194 | -30.0% |
| Suppliers | 440/4 | €3,986 | €2,792 | -€1,194 | -30.0% |
| Taxes, remuneration and social security | 45 | €72,995 | €28,216 | -€44,780 | -61.3% |
| Taxes | 450/3 | €42,995 | €22,016 | -€20,980 | -48.8% |
| Remuneration and social security | 454/9 | €30,000 | €6,200 | -€23,800 | -79.3% |
| Other amounts payable | 47/48 | €152,918 | €405,509 | +€252,592 | +165% |
| Accrued charges and deferred income | 492/3 | €2,127 | €0 | -€2,127 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,546 | €35,619 | +€2,073 | +6.2% |
| Other operating charges | 640/8 | €3,473 | €4,413 | +€940 | +27.1% |
| Gross operating margin | 9900 | €179,092 | €161,305 | -€17,787 | -9.9% |
| Operating profit (loss) | 9901 | €142,073 | €121,273 | -€20,800 | -14.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €9,596 | €6,604 | -€2,992 | -31.2% |
| Recurring financial charges | 65 | €9,596 | €6,604 | -€2,992 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €132,477 | €114,670 | -€17,807 | -13.4% |
| Income taxes | 67/77 | €29,098 | €23,870 | -€5,227 | -18.0% |
| Profit (loss) for the period | 9904 | €103,379 | €90,799 | -€12,580 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €103,379 | €90,799 | -€12,580 | -12.2% |
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 28 October 2026 via checked.be.