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luchtbol: what changed

BE 0802.820.005NACE 96.993, Pet care services, excluding veterinary servicesOther company

Position among the sector peers

What moved between 2024 and 2025

Net result for the year
€2,566
2024 · -+€2,566
Equity
-€8,776
2024 · -€8,378-€398
Cash
€4,565
2024 · €1,252+€3,314
Balance sheet total
€10,476
2024 · €10,758-€283

Largest movements

2024 to 2025
Assets
  • Deferred charges and accrued income -€6,000

    no longer reported in 2025; in 2024 it stood at €6,000

  • Cash +€3,314

    up €3,314 (+265%), from €1,252 to €4,565

    mainly Deferred charges and accrued income (+€6,000) and Net result for the year (+€2,566)

  • Tangible fixed assets +€1,203

    up €1,203 (+505%), from €238 to €1,441

    of which Furniture and vehicles: +€1,203

  • Receivables within one year +€1,201

    up €1,201 (+38.7%), from €3,103 to €4,304

    of which Other amounts receivable: +€1,080

Equity and liabilities
  • Tax, wage and social debts +€1,749

    up €1,749 (+61.8%), from €2,829 to €4,578

  • Other debts -€1,436

    down €1,436 (-10.8%), from €13,324 to €11,888

  • Profit (loss) carried forward -€398

    down €398 (-3.9%), from -€10,288 to -€10,686

  • Trade debts -€264

    down €264 (-8.8%), from €2,983 to €2,719

Income statement
  • Purchases and services +€9,773

    up €9,773 (+231%), from €4,225 to €13,998

  • Turnover +€5,893

    up €5,893 (+73.7%), from €7,990 to €13,883

  • Gross operating margin +€3,257

    first reported in 2025, at €3,257

  • Other operating charges +€556

    first reported in 2025, at €556

Change in the result, 2024 to 2025

effect on the result

The net result is not in both sets of accounts. Without it the difference cannot be explained line by line.

Derived cash bridge

cash 2024 to 2025

The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.

From operations +€7,612
Investment -€1,335
Financing -€2,964
Cash 2024 €1,252
Net result for the year +€2,566
Depreciation +€131
Receivables within one year -€1,201
Deferred charges and accrued income +€6,000
Trade debts -€264
Tax, wage and social debts +€1,749
Advances received +€66
Other debts -€1,436
Investment in fixed assets (net) -€1,335
Contributions, distributions and other -€2,964
Cash 2025 €4,565
brings cash intakes cash out
Every line side by side 39 lines
Line Code 2024 2025 Change %
Total assets 20/58 €10,758 €10,476 -€283 -2.6%
Formation expenses 20 €165 €165 = 0.0%
Fixed assets 21/28 €238 €1,441 +€1,203 +505%
Tangible fixed assets 22/27 €238 €1,441 +€1,203 +505%
Plant, machinery and equipment 23 €238 €238 = 0.0%
Furniture and vehicles 24 - €1,203 +€1,203
Current assets 29/58 €10,355 €8,869 -€1,486 -14.3%
Amounts receivable within one year 40/41 €3,103 €4,304 +€1,201 +38.7%
Trade receivables 40 €55 €176 +€121 +220%
Other amounts receivable 41 €3,048 €4,128 +€1,080 +35.4%
Cash at bank and in hand 54/58 €1,252 €4,565 +€3,314 +265%
Deferred charges and accrued income 490/1 €6,000 - -€6,000
Total equity and liabilities 10/49 €10,758 €10,476 -€283 -2.6%
Equity 10/15 -€8,378 -€8,776 -€398 -4.7%
Contributions 10/11 €1,910 €1,910 +€0 0.0%
Profit (loss) carried forward 14 -€10,288 -€10,686 -€398 -3.9%
Amounts payable 17/49 €19,136 €19,252 +€115 +0.6%
Amounts payable within one year 42/48 €19,136 €19,252 +€115 +0.6%
Trade debts 44 €2,983 €2,719 -€264 -8.8%
Suppliers 440/4 €2,983 €2,719 -€264 -8.8%
Advances received on contracts in progress 46 - €66 +€66
Taxes, remuneration and social security 45 €2,829 €4,578 +€1,749 +61.8%
Taxes 450/3 €2,829 €4,578 +€1,749 +61.8%
Other amounts payable 47/48 €13,324 €11,888 -€1,436 -10.8%
Accrued charges and deferred income 492/3 - €0 =
Turnover 70 €7,990 €13,883 +€5,893 +73.7%
Non-recurring operating income 76A - €160 +€160
Goods, raw materials, services and sundry goods 60/61 €4,225 €13,998 +€9,773 +231%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 - €131 +€131
Other operating charges 640/8 - €556 +€556
Gross operating margin 9900 - €3,257 +€3,257
Operating profit (loss) 9901 - €2,570 +€2,570
Financial income 75/76B - €111 +€111
Recurring financial income 75 - €111 +€111
Financial charges 65/66B - €114 +€114
Recurring financial charges 65 - €114 +€114
Profit (loss) for the period before taxes 9903 - €2,566 +€2,566
Profit (loss) for the period 9904 - €2,566 +€2,566
Profit (loss) for the period to be appropriated 9905 - €2,566 +€2,566

Value

latest balance sheet 31-12-2025 · indication, not a valuation or advice

Indicative value of the equity

Indication, not a valuation or advice
€4,123 to €7,560

Midpoint €5,555 · 50% capitalised earnings, 50% adjusted equity

Capitalisation rate 12% result over 3 years, excluding non-recurring income and charges earnings weight 50%

Worked out with Checked's starting values, not your estimate and not market data. Change the assumptions: the value follows.

Adjusted equity -€8,941
Capitalised earnings €17,186 to €24,060
Indication €4,123 to €7,560

Adjusted equity

balance sheet 31-12-2025
Equity (10/15)
-€8,776
Formation expenses (20)
-€165
Revaluation of assets
€0
Deferred tax on the revaluation
€0
Other adjustment
€0
Adjusted equity
-€8,941

Capitalised earnings

net result for the year (9904)
2025
€2,566
excluding non-recurring income and charges
€2,406
2024
-
2023
-
Average result, excluding non-recurring income and charges
€2,406
Divided by the capitalisation rate
14% / 12% / 10%
Capitalised earnings
€17,186 / €20,050 / €24,060

Limits of the indication

  • Checked holds no market prices or comparable transactions.
  • Anything after the latest accounts and items off the balance sheet (guarantees, leases, disputes) are left out.
  • Checked does not know the real value of buildings, stock and receivables. Enter your own revaluation or adjustment for it.
  • The result is not corrected for the manager's pay. If the company pays less or more than a market salary, the capitalised earnings are too high or too low.
  • The owner's role in the business, synergies for a buyer and the tax consequences of a sale are left out.

For a valuation to base a decision on, go to a company auditor or a certified accountant.

Calculation and sources

Source: filed annual accounts (NBB) and main activity (KBO). The movements compare the financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. The value is an indication, not a valuation or advice. Prepared on 15 November 2026 via checked.be.