MD VETERINARY PRACTICE: what changed
MD VETERINARY PRACTICE
Largest movements
- Cash +€45,628
up €45,628 (+511%), from €8,930 to €54,558
mainly Receivables within one year (+€33,783) and Tax, wage and social debts (+€10,816)
- Receivables within one year -€33,783
down €33,783 (-54.7%), from €61,762 to €27,979
- Tangible fixed assets +€5,027
up €5,027 (+28.9%), from €17,374 to €22,401
of which Plant, machinery and equipment: +€4,936
- Stocks and contracts -€4,945
down €4,945 (-31.0%), from €15,940 to €10,995
- Tax, wage and social debts +€10,816
up €10,816 (+188%), from €5,746 to €16,562
of which Remuneration and social security: +€16,562
- Current portion of long-term debt -€2,338
no longer reported in 2025 (was €2,338)
- Profit (loss) carried forward +€2,074
up €2,074 (+3.5%), from €58,774 to €60,848
- Trade debts +€1,375
up €1,375 (+9.7%), from €14,148 to €15,523
- Gross operating margin -€68,232
down €68,232 (-82.1%), from €83,088 to €14,856
- Taxes -€15,808
down €15,808 (-94.2%), from €16,783 to €975
- Staff costs -€6,260
no longer reported in 2025 (was €6,260)
- Depreciation +€3,521
up €3,521 (+51.1%), from €6,895 to €10,416
- Other operating charges -€1,331
down €1,331 (-53.1%), from €2,505 to €1,174
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,006 | €117,933 | +€11,927 | +11.3% |
| Fixed assets | 21/28 | €19,374 | €24,401 | +€5,027 | +25.9% |
| Tangible fixed assets | 22/27 | €17,374 | €22,401 | +€5,027 | +28.9% |
| Plant, machinery and equipment | 23 | €12,470 | €17,406 | +€4,936 | +39.6% |
| Furniture and vehicles | 24 | €4,904 | €4,995 | +€91 | +1.9% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €86,632 | €93,532 | +€6,900 | +8.0% |
| Stocks and contracts in progress | 3 | €15,940 | €10,995 | -€4,945 | -31.0% |
| Stocks | 30/36 | €15,940 | €10,995 | -€4,945 | -31.0% |
| Amounts receivable within one year | 40/41 | €61,762 | €27,979 | -€33,783 | -54.7% |
| Trade receivables | 40 | €61,762 | €27,979 | -€33,783 | -54.7% |
| Cash at bank and in hand | 54/58 | €8,930 | €54,558 | +€45,628 | +511% |
| Total equity and liabilities | 10/49 | €106,006 | €117,933 | +€11,927 | +11.3% |
| Equity | 10/15 | €83,774 | €85,848 | +€2,074 | +2.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,774 | €60,848 | +€2,074 | +3.5% |
| Amounts payable | 17/49 | €22,232 | €32,085 | +€9,853 | +44.3% |
| Amounts payable within one year | 42/48 | €22,232 | €32,085 | +€9,853 | +44.3% |
| Current portion of amounts payable after more than one year | 42 | €2,338 | - | -€2,338 | |
| Trade debts | 44 | €14,148 | €15,523 | +€1,375 | +9.7% |
| Suppliers | 440/4 | €14,148 | €15,523 | +€1,375 | +9.7% |
| Taxes, remuneration and social security | 45 | €5,746 | €16,562 | +€10,816 | +188% |
| Taxes | 450/3 | €5,746 | - | -€5,746 | |
| Remuneration and social security | 454/9 | - | €16,562 | +€16,562 | |
| Remuneration, social security and pensions | 62 | €6,260 | - | -€6,260 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,895 | €10,416 | +€3,521 | +51.1% |
| Other operating charges | 640/8 | €2,505 | €1,174 | -€1,331 | -53.1% |
| Gross operating margin | 9900 | €83,088 | €14,856 | -€68,232 | -82.1% |
| Operating profit (loss) | 9901 | €67,428 | €3,266 | -€64,162 | -95.2% |
| Financial income | 75/76B | €280 | - | -€280 | |
| Recurring financial income | 75 | €280 | - | -€280 | |
| Financial charges | 65/66B | €217 | €217 | = | 0.0% |
| Recurring financial charges | 65 | €217 | €217 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €67,491 | €3,049 | -€64,442 | -95.5% |
| Income taxes | 67/77 | €16,783 | €975 | -€15,808 | -94.2% |
| Profit (loss) for the period | 9904 | €50,708 | €2,074 | -€48,634 | -95.9% |
| Profit (loss) for the period to be appropriated | 9905 | €50,708 | €2,074 | -€48,634 | -95.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.