MCW 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.
MCW EQUINE VETERINARY PRACTICE
Largest movements
- Receivables within one year -€40,660
down €40,660 (-91.0%), from €44,662 to €4,002
of which Other amounts receivable: -€43,656
- Cash +€11,729
up €11,729 (+7.8%), from €149,777 to €161,506
mainly Receivables within one year (+€40,660) and Depreciation (+€2,889)
- Tangible fixed assets -€2,889
down €2,889 (-31.4%), from €9,191 to €6,301
of which Plant, machinery and equipment: -€2,050
- Tax, wage and social debts -€23,334
down €23,334 (-74.9%), from €31,148 to €7,814
- Trade debts -€4,603
no longer reported in 2025 (was €4,603)
- Reserves -€3,600
down €3,600 (-2.5%), from €146,860 to €143,260
of which Distributable reserves: -€3,600
- Gross operating margin -€53,058
down €53,058, from €50,919 to -€2,139
- Staff costs -€20,985
no longer reported in 2025 (was €20,985)
- Taxes -€8,846
no longer reported in 2025 (was €8,846)
- Other operating charges -€4,002
down €4,002 (-90.9%), from €4,402 to €400
- Write-downs -€2,163
no longer reported in 2025 (was €2,163)
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 | €203,629 | €171,810 | -€31,820 | -15.6% |
| Fixed assets | 21/28 | €9,191 | €6,301 | -€2,889 | -31.4% |
| Tangible fixed assets | 22/27 | €9,191 | €6,301 | -€2,889 | -31.4% |
| Plant, machinery and equipment | 23 | €8,352 | €6,301 | -€2,050 | -24.5% |
| Furniture and vehicles | 24 | €839 | - | -€839 | |
| Current assets | 29/58 | €194,438 | €165,508 | -€28,930 | -14.9% |
| Amounts receivable within one year | 40/41 | €44,662 | €4,002 | -€40,660 | -91.0% |
| Trade receivables | 40 | - | €2,997 | +€2,997 | |
| Other amounts receivable | 41 | €44,662 | €1,005 | -€43,656 | -97.7% |
| Cash at bank and in hand | 54/58 | €149,777 | €161,506 | +€11,729 | +7.8% |
| Total equity and liabilities | 10/49 | €203,629 | €171,810 | -€31,820 | -15.6% |
| Equity | 10/15 | €166,223 | €161,929 | -€4,294 | -2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €146,860 | €143,260 | -€3,600 | -2.5% |
| 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 | €145,000 | €141,400 | -€3,600 | -2.5% |
| Profit (loss) carried forward | 14 | €763 | €69 | -€694 | -90.9% |
| Amounts payable | 17/49 | €37,406 | €9,880 | -€27,526 | -73.6% |
| Amounts payable within one year | 42/48 | €37,406 | €9,880 | -€27,526 | -73.6% |
| Trade debts | 44 | €4,603 | - | -€4,603 | |
| Suppliers | 440/4 | €4,603 | - | -€4,603 | |
| Taxes, remuneration and social security | 45 | €31,148 | €7,814 | -€23,334 | -74.9% |
| Taxes | 450/3 | €31,148 | €7,814 | -€23,334 | -74.9% |
| Other amounts payable | 47/48 | €1,655 | €2,066 | +€411 | +24.8% |
| Remuneration, social security and pensions | 62 | €20,985 | - | -€20,985 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,254 | €2,889 | -€365 | -11.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,163 | - | -€2,163 | |
| Other operating charges | 640/8 | €4,402 | €400 | -€4,002 | -90.9% |
| Gross operating margin | 9900 | €50,919 | -€2,139 | -€53,058 | |
| Operating profit (loss) | 9901 | €20,115 | -€5,428 | -€25,543 | |
| Financial income | 75/76B | €1,882 | €1,347 | -€535 | -28.4% |
| Recurring financial income | 75 | €1,882 | €1,347 | -€535 | -28.4% |
| Financial charges | 65/66B | €1,512 | €213 | -€1,300 | -85.9% |
| Recurring financial charges | 65 | €1,512 | €213 | -€1,300 | -85.9% |
| Profit (loss) for the period before taxes | 9903 | €20,485 | -€4,294 | -€24,778 | |
| Income taxes | 67/77 | €8,846 | - | -€8,846 | |
| Profit (loss) for the period | 9904 | €11,639 | -€4,294 | -€15,933 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,639 | -€4,294 | -€15,933 |
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 24 October 2026 via checked.be.