MD VETERINARY SERVICES: 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.
MD VETERINARY SERVICES
Largest movements
- Cash +€27,130
up €27,130 (+60.2%), from €45,084 to €72,214
mainly Net result for the year (+€24,921) and Debts after one year (+€19,526)
- Tangible fixed assets +€23,138
up €23,138 (+742%), from €3,119 to €26,256
- Reserves +€24,921
up €24,921 (+45.3%), from €54,979 to €79,901
- Debts after one year +€19,526
new in 2025: €19,526
- Accrued charges and deferred income -€6,739
no longer reported in 2025 (was €6,739)
- Current portion of long-term debt +€5,785
new in 2025: €5,785
- Other debts +€5,744
up €5,744 (+116%), from €4,932 to €10,677
- Gross operating margin -€4,540
down €4,540 (-10.7%), from €42,248 to €37,707
- Taxes -€4,238
down €4,238 (-43.0%), from €9,847 to €5,609
- Depreciation +€2,719
up €2,719 (+102%), from €2,653 to €5,373
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 | €79,039 | €130,249 | +€51,210 | +64.8% |
| Fixed assets | 21/28 | €3,119 | €26,256 | +€23,138 | +742% |
| Tangible fixed assets | 22/27 | €3,119 | €26,256 | +€23,138 | +742% |
| Furniture and vehicles | 24 | €3,119 | €26,256 | +€23,138 | +742% |
| Current assets | 29/58 | €75,921 | €103,993 | +€28,073 | +37.0% |
| Amounts receivable within one year | 40/41 | €29,646 | €30,683 | +€1,037 | +3.5% |
| Trade receivables | 40 | €29,646 | €28,792 | -€854 | -2.9% |
| Other amounts receivable | 41 | - | €1,891 | +€1,891 | |
| Cash at bank and in hand | 54/58 | €45,084 | €72,214 | +€27,130 | +60.2% |
| Deferred charges and accrued income | 490/1 | €1,191 | €1,096 | -€95 | -8.0% |
| Total equity and liabilities | 10/49 | €79,039 | €130,249 | +€51,210 | +64.8% |
| Equity | 10/15 | €59,979 | €84,901 | +€24,921 | +41.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €54,979 | €79,901 | +€24,921 | +45.3% |
| Distributable reserves | 133 | €54,979 | €79,901 | +€24,921 | +45.3% |
| Amounts payable | 17/49 | €19,060 | €45,349 | +€26,289 | +138% |
| Amounts payable after more than one year | 17 | - | €19,526 | +€19,526 | |
| Financial debts | 170/4 | - | €19,526 | +€19,526 | |
| Amounts payable within one year | 42/48 | €12,321 | €25,823 | +€13,502 | +110% |
| Current portion of amounts payable after more than one year | 42 | - | €5,785 | +€5,785 | |
| Trade debts | 44 | €1,102 | €675 | -€427 | -38.7% |
| Suppliers | 440/4 | €1,102 | €675 | -€427 | -38.7% |
| Taxes, remuneration and social security | 45 | €6,286 | €8,686 | +€2,400 | +38.2% |
| Taxes | 450/3 | €4,847 | €6,686 | +€1,839 | +37.9% |
| Remuneration and social security | 454/9 | €1,439 | €2,000 | +€561 | +39.0% |
| Other amounts payable | 47/48 | €4,932 | €10,677 | +€5,744 | +116% |
| Accrued charges and deferred income | 492/3 | €6,739 | - | -€6,739 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,653 | €5,373 | +€2,719 | +102% |
| Other operating charges | 640/8 | €535 | €398 | -€137 | -25.6% |
| Non-recurring operating charges | 66A | - | €619 | +€619 | |
| Gross operating margin | 9900 | €42,248 | €37,707 | -€4,540 | -10.7% |
| Operating profit (loss) | 9901 | €39,059 | €31,318 | -€7,741 | -19.8% |
| Financial income | 75/76B | €0 | €20 | +€20 | +100,000% |
| Recurring financial income | 75 | €0 | €20 | +€20 | +100,000% |
| Financial charges | 65/66B | €479 | €808 | +€329 | +68.7% |
| Recurring financial charges | 65 | €479 | €808 | +€329 | +68.7% |
| Profit (loss) for the period before taxes | 9903 | €38,580 | €30,530 | -€8,050 | -20.9% |
| Income taxes | 67/77 | €9,847 | €5,609 | -€4,238 | -43.0% |
| Profit (loss) for the period | 9904 | €28,733 | €24,921 | -€3,812 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,733 | €24,921 | -€3,812 | -13.3% |
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.