MANIAVET: 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.
What changed
MANIAVET
NACE 75.000, Veterinary services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,816
2024 · €27,351-€25,534
Equity
€243,565
2024 · €241,749+€1,816
Cash
€38,157
2024 · €38,126+€31
Balance sheet total
€1.3m
2024 · €1.3m-€40,208
Largest movements
Assets
- Tangible fixed assets -€108,889
down €108,889 (-9.8%), from €1.1m to €1.0m
- Receivables within one year +€32,226
up €32,226 (+40.0%), from €80,505 to €112,731
of which Other amounts receivable: +€35,413
- Deferred charges and accrued income +€21,603
up €21,603 (+130.9%), from €16,506 to €38,110
- Stocks and contracts +€15,594
up €15,594 (+30.8%), from €50,671 to €66,265
Equity and liabilities
- Debts after one year -€58,830
down €58,830 (-8.7%), from €676,948 to €618,117
- Current portion of long-term debt +€16,928
up €16,928 (+14.3%), from €118,026 to €134,954
- Short-term financial debts -€15,781
down €15,781 (-85.8%), from €18,386 to €2,605
Income statement
- Staff costs +€27,492
up €27,492 (+11.3%), from €244,315 to €271,807
- Depreciation +€14,106
up €14,106 (+13.7%), from €103,265 to €117,372
- Other operating charges -€10,115
down €10,115 (-70.1%), from €14,430 to €4,315
- Gross operating margin +€9,360
up €9,360 (+2.2%), from €420,016 to €429,376
- Financial income +€4,503
up €4,503 (+248.6%), from €1,811 to €6,313
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
€27,351
Gross operating margin
+€9,360
Staff costs
-€27,492
Depreciation
-€14,106
Other operating charges
+€10,115
Other operating items
-€9,027
Financial income
+€4,503
Financial charges
-€2,172
Taxes
+€3,285
Result 2025
€1,816
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.
From operations
+€65,423
Investment
-€7,709
Financing
-€57,683
Cash 2024
€38,126
From operations (derived)
+€65,423
Net result for the year
+€1,816
Depreciation
+€117,372
Stocks and contracts
-€15,594
Receivables within one year
-€32,226
Deferred charges and accrued income
-€21,603
Trade debts
+€7,375
Tax, wage and social debts
+€11,188
Advances received
-€480
Accrued charges and deferred income
-€2,424
Investment (derived)
-€7,709
Investment in fixed assets (net)
-€7,709
Financing
-€57,683
Debts after one year
-€58,830
Current portion of long-term debt
+€16,928
Short-term financial debts
-€15,781
Cash 2025
€38,157
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,304,635 | €1,264,427 | -€40,208 | -3.1% |
| Fixed assets | 21/28 | €1,118,826 | €1,009,164 | -€109,662 | -9.8% |
| Intangible fixed assets | 21 | €773 | €0 | -€773 | -100.0% |
| Tangible fixed assets | 22/27 | €1,113,028 | €1,004,139 | -€108,889 | -9.8% |
| Land and buildings | 22 | €845,045 | €814,027 | -€31,018 | -3.7% |
| Plant, machinery and equipment | 23 | €145,847 | €100,690 | -€45,157 | -31.0% |
| Furniture and vehicles | 24 | €11,602 | €6,768 | -€4,834 | -41.7% |
| Leasing and similar rights | 25 | €98,054 | €81,444 | -€16,610 | -16.9% |
| Other tangible fixed assets | 26 | €12,480 | €1,210 | -€11,270 | -90.3% |
| Financial fixed assets | 28 | €5,025 | €5,025 | = | 0.0% |
| Current assets | 29/58 | €185,809 | €255,263 | +€69,454 | +37.4% |
| Stocks and contracts in progress | 3 | €50,671 | €66,265 | +€15,594 | +30.8% |
| Stocks | 30/36 | €50,671 | €66,265 | +€15,594 | +30.8% |
| Amounts receivable within one year | 40/41 | €80,505 | €112,731 | +€32,226 | +40.0% |
| Trade receivables | 40 | €49,116 | €45,928 | -€3,188 | -6.5% |
| Other amounts receivable | 41 | €31,389 | €66,803 | +€35,413 | +112.8% |
| Cash at bank and in hand | 54/58 | €38,126 | €38,157 | +€31 | +0.1% |
| Deferred charges and accrued income | 490/1 | €16,506 | €38,110 | +€21,603 | +130.9% |
| Total equity and liabilities | 10/49 | €1,304,635 | €1,264,427 | -€40,208 | -3.1% |
| Equity | 10/15 | €241,749 | €243,565 | +€1,816 | +0.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €150,010 | €150,010 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €148,150 | €148,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,339 | €81,155 | +€1,816 | +2.3% |
| Amounts payable | 17/49 | €1,062,887 | €1,020,862 | -€42,025 | -4.0% |
| Amounts payable after more than one year | 17 | €676,948 | €618,117 | -€58,830 | -8.7% |
| Financial debts | 170/4 | €676,948 | €618,117 | -€58,830 | -8.7% |
| Amounts payable within one year | 42/48 | €383,515 | €402,744 | +€19,230 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €118,026 | €134,954 | +€16,928 | +14.3% |
| Financial debts | 43 | €18,386 | €2,605 | -€15,781 | -85.8% |
| Credit institutions | 430/8 | €18,386 | €2,605 | -€15,781 | -85.8% |
| Trade debts | 44 | €204,105 | €211,480 | +€7,375 | +3.6% |
| Suppliers | 440/4 | €204,105 | €211,480 | +€7,375 | +3.6% |
| Advances received on contracts in progress | 46 | €480 | €0 | -€480 | -100.0% |
| Taxes, remuneration and social security | 45 | €42,518 | €53,706 | +€11,188 | +26.3% |
| Taxes | 450/3 | €4,990 | €718 | -€4,272 | -85.6% |
| Remuneration and social security | 454/9 | €37,528 | €52,988 | +€15,460 | +41.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,424 | €0 | -€2,424 | -100.0% |
| Non-recurring operating income | 76A | €174 | €680 | +€506 | +291.2% |
| Remuneration, social security and pensions | 62 | €244,315 | €271,807 | +€27,492 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,265 | €117,372 | +€14,106 | +13.7% |
| Other operating charges | 640/8 | €14,430 | €4,315 | -€10,115 | -70.1% |
| Non-recurring operating charges | 66A | - | €9,027 | +€9,027 | |
| Gross operating margin | 9900 | €420,016 | €429,376 | +€9,360 | +2.2% |
| Operating profit (loss) | 9901 | €58,005 | €26,856 | -€31,150 | -53.7% |
| Financial income | 75/76B | €1,811 | €6,313 | +€4,503 | +248.6% |
| Recurring financial income | 75 | €1,811 | €6,313 | +€4,503 | +248.6% |
| Financial charges | 65/66B | €28,870 | €31,042 | +€2,172 | +7.5% |
| Recurring financial charges | 65 | €28,870 | €31,042 | +€2,172 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €30,946 | €2,127 | -€28,819 | -93.1% |
| Income taxes | 67/77 | €3,596 | €311 | -€3,285 | -91.3% |
| Profit (loss) for the period | 9904 | €27,351 | €1,816 | -€25,534 | -93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,351 | €1,816 | -€25,534 | -93.4% |
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.