NacoVet: 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.
NacoVet
Largest movements
- Tangible fixed assets +€36,182
new in 2025: €36,182
- Cash -€12,833
down €12,833 (-78.5%), from €16,356 to €3,523
mainly Investment in fixed assets (net) (-€36,361) and Deferred charges and accrued income (-€4,344)
- Deferred charges and accrued income +€4,344
new in 2025: €4,344
- Receivables within one year -€829
down €829 (-22.2%), from €3,739 to €2,910
- Debts after one year +€25,000
new in 2025: €25,000
- Tax, wage and social debts -€2,720
down €2,720 (-44.5%), from €6,116 to €3,396
of which Taxes: -€2,893
- Profit (loss) carried forward +€1,686
new in 2025: €1,686
- Other debts +€1,393
up €1,393 (+232%), from €601 to €1,994
- Trade debts +€811
new in 2025: €811
- Gross operating margin -€7,757
down €7,757 (-68.3%), from €11,355 to €3,599
- Taxes -€2,817
down €2,817 (-77.2%), from €3,649 to €832
- Depreciation -€676
down €676 (-79.0%), from €855 to €179
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 | €20,095 | €46,959 | +€26,864 | +134% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | - | €36,182 | +€36,182 | |
| Tangible fixed assets | 22/27 | - | €36,182 | +€36,182 | |
| Furniture and vehicles | 24 | - | €36,182 | +€36,182 | |
| Current assets | 29/58 | €20,095 | €10,777 | -€9,317 | -46.4% |
| Amounts receivable within one year | 40/41 | €3,739 | €2,910 | -€829 | -22.2% |
| Trade receivables | 40 | €3,739 | €2,910 | -€829 | -22.2% |
| Cash at bank and in hand | 54/58 | €16,356 | €3,523 | -€12,833 | -78.5% |
| Deferred charges and accrued income | 490/1 | - | €4,344 | +€4,344 | |
| Total equity and liabilities | 10/49 | €20,095 | €46,959 | +€26,864 | +134% |
| Equity | 10/15 | €13,378 | €15,064 | +€1,686 | +12.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €11,378 | €11,378 | = | 0.0% |
| Distributable reserves | 133 | €11,378 | €11,378 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €1,686 | +€1,686 | |
| Amounts payable | 17/49 | €6,717 | €31,895 | +€25,178 | +375% |
| Amounts payable after more than one year | 17 | - | €25,000 | +€25,000 | |
| Financial debts | 170/4 | - | €25,000 | +€25,000 | |
| Amounts payable within one year | 42/48 | €6,717 | €6,201 | -€516 | -7.7% |
| Trade debts | 44 | - | €811 | +€811 | |
| Suppliers | 440/4 | - | €811 | +€811 | |
| Taxes, remuneration and social security | 45 | €6,116 | €3,396 | -€2,720 | -44.5% |
| Taxes | 450/3 | €6,116 | €3,223 | -€2,893 | -47.3% |
| Remuneration and social security | 454/9 | - | €173 | +€173 | |
| Other amounts payable | 47/48 | €601 | €1,994 | +€1,393 | +232% |
| Accrued charges and deferred income | 492/3 | - | €694 | +€694 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €855 | €179 | -€676 | -79.0% |
| Gross operating margin | 9900 | €11,355 | €3,599 | -€7,757 | -68.3% |
| Operating profit (loss) | 9901 | €10,500 | €3,419 | -€7,081 | -67.4% |
| Financial income | 75/76B | - | €60 | +€60 | |
| Recurring financial income | 75 | - | €60 | +€60 | |
| Financial charges | 65/66B | €96 | €128 | +€32 | +33.7% |
| Recurring financial charges | 65 | €96 | €128 | +€32 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | €10,405 | €3,352 | -€7,053 | -67.8% |
| Income taxes | 67/77 | €3,649 | €832 | -€2,817 | -77.2% |
| Profit (loss) for the period | 9904 | €6,755 | €2,519 | -€4,236 | -62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,755 | €2,519 | -€4,236 | -62.7% |
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.