NIV-VET: what changed
What changed
NIV-VET
NACE 75.000, Veterinary services
filed annual accounts (NBB)
Net result for the year
€111,247
2024 · €175,400-€64,153
Equity
€269,034
2024 · €157,787+€111,247
Cash
€136,793
2024 · €140,640-€3,847
Balance sheet total
€1.6m
2024 · €1.6m-€31,705
Largest movements
Assets
- Tangible fixed assets -€59,944
down €59,944 (-5.0%), from €1.2m to €1.1m
of which Land and buildings: -€65,607
- Receivables within one year +€39,766
up €39,766 (+214%), from €18,582 to €58,348
of which Other amounts receivable: +€35,712
- Stocks and contracts -€20,458
down €20,458 (-11.5%), from €177,444 to €156,986
Equity and liabilities
- Profit (loss) carried forward +€111,247
new in 2025: €111,247
- Tax, wage and social debts -€82,467
down €82,467 (-72.1%), from €114,378 to €31,911
of which Taxes: -€80,839
- Debts after one year -€59,694
down €59,694 (-7.1%), from €840,682 to €780,989
- Other debts -€43,429
down €43,429 (-21.7%), from €199,762 to €156,332
- Current portion of long-term debt +€36,123
up €36,123 (+30.2%), from €119,490 to €155,613
Income statement
- Staff costs +€69,566
up €69,566 (+27.7%), from €250,913 to €320,479
- Taxes -€25,305
down €25,305 (-35.4%), from €71,486 to €46,180
- Gross operating margin -€21,411
down €21,411 (-3.2%), from €663,662 to €642,251
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.
Result 2024
€175,400
Gross operating margin
-€21,411
Staff costs
-€69,566
Depreciation
+€2,601
Other operating charges
-€248
Financial income
-€1,186
Financial charges
+€352
Taxes
+€25,305
Result 2025
€111,247
raises the resultlowers the result
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.
From operations
+€92,195
Investment
-€72,471
Financing
-€23,571
Cash 2024
€140,640
From operations (derived)
+€92,195
Net result for the year
+€111,247
Depreciation
+€132,415
Stocks and contracts
+€20,458
Receivables within one year
-€39,766
Deferred charges and accrued income
-€12,779
Trade debts
+€6,516
Tax, wage and social debts
-€82,467
Other debts
-€43,429
Investment (derived)
-€72,471
Investment in fixed assets (net)
-€72,471
Financing
-€23,571
Debts after one year
-€59,694
Current portion of long-term debt
+€36,123
Cash 2025
€136,793
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,642,432 | €1,610,727 | -€31,705 | -1.9% |
| Fixed assets | 21/28 | €1,202,740 | €1,142,796 | -€59,944 | -5.0% |
| Tangible fixed assets | 22/27 | €1,193,400 | €1,133,456 | -€59,944 | -5.0% |
| Land and buildings | 22 | €1,101,123 | €1,035,515 | -€65,607 | -6.0% |
| Plant, machinery and equipment | 23 | €16,107 | €18,823 | +€2,717 | +16.9% |
| Furniture and vehicles | 24 | €76,171 | €79,117 | +€2,946 | +3.9% |
| Financial fixed assets | 28 | €9,340 | €9,340 | = | 0.0% |
| Current assets | 29/58 | €439,692 | €467,931 | +€28,239 | +6.4% |
| Stocks and contracts in progress | 3 | €177,444 | €156,986 | -€20,458 | -11.5% |
| Stocks | 30/36 | €177,444 | €156,986 | -€20,458 | -11.5% |
| Amounts receivable within one year | 40/41 | €18,582 | €58,348 | +€39,766 | +214% |
| Trade receivables | 40 | - | €4,054 | +€4,054 | |
| Other amounts receivable | 41 | €18,582 | €54,294 | +€35,712 | +192% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €140,640 | €136,793 | -€3,847 | -2.7% |
| Deferred charges and accrued income | 490/1 | €3,025 | €15,804 | +€12,779 | +422% |
| Total equity and liabilities | 10/49 | €1,642,432 | €1,610,727 | -€31,705 | -1.9% |
| Equity | 10/15 | €157,787 | €269,034 | +€111,247 | +70.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €139,187 | €139,187 | = | 0.0% |
| Distributable reserves | 133 | €139,187 | €139,187 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €111,247 | +€111,247 | |
| Amounts payable | 17/49 | €1,484,645 | €1,341,693 | -€142,951 | -9.6% |
| Amounts payable after more than one year | 17 | €840,682 | €780,989 | -€59,694 | -7.1% |
| Financial debts | 170/4 | €840,682 | €780,989 | -€59,694 | -7.1% |
| Amounts payable within one year | 42/48 | €643,962 | €560,705 | -€83,258 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €119,490 | €155,613 | +€36,123 | +30.2% |
| Trade debts | 44 | €210,332 | €216,848 | +€6,516 | +3.1% |
| Suppliers | 440/4 | €210,332 | €216,848 | +€6,516 | +3.1% |
| Taxes, remuneration and social security | 45 | €114,378 | €31,911 | -€82,467 | -72.1% |
| Taxes | 450/3 | €83,379 | €2,540 | -€80,839 | -97.0% |
| Remuneration and social security | 454/9 | €30,999 | €29,371 | -€1,628 | -5.3% |
| Other amounts payable | 47/48 | €199,762 | €156,332 | -€43,429 | -21.7% |
| Remuneration, social security and pensions | 62 | €250,913 | €320,479 | +€69,566 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,016 | €132,415 | -€2,601 | -1.9% |
| Other operating charges | 640/8 | €6,775 | €7,023 | +€248 | +3.7% |
| Gross operating margin | 9900 | €663,662 | €642,251 | -€21,411 | -3.2% |
| Operating profit (loss) | 9901 | €270,958 | €182,333 | -€88,624 | -32.7% |
| Financial income | 75/76B | €1,873 | €687 | -€1,186 | -63.3% |
| Recurring financial income | 75 | €1,873 | €687 | -€1,186 | -63.3% |
| Financial charges | 65/66B | €25,945 | €25,593 | -€352 | -1.4% |
| Recurring financial charges | 65 | €25,945 | €25,593 | -€352 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €246,885 | €157,427 | -€89,458 | -36.2% |
| Income taxes | 67/77 | €71,486 | €46,180 | -€25,305 | -35.4% |
| Profit (loss) for the period | 9904 | €175,400 | €111,247 | -€64,153 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €175,400 | €111,247 | -€64,153 | -36.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 2 November 2026 via checked.be.