PET-VET: 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.
PET-VET
Largest movements
- Receivables within one year +€12,600
up €12,600 (+3,759%), from €335 to €12,935
of which Trade receivables: +€12,792
- Tangible fixed assets +€12,395
up €12,395 (+3,013%), from €411 to €12,806
of which Land and buildings: +€8,466
- Cash +€4,978
up €4,978 (+13.6%), from €36,682 to €41,660
mainly Net result for the year (+€18,565) and Tax, wage and social debts (+€8,178)
- Deferred charges and accrued income +€1,132
up €1,132 (+61.1%), from €1,854 to €2,986
- Reserves +€18,565
up €18,565 (+86.4%), from €21,482 to €40,047
- Tax, wage and social debts +€8,178
up €8,178 (+217%), from €3,774 to €11,952
of which Taxes: +€8,178
- Trade debts +€6,944
up €6,944 (+330%), from €2,104 to €9,048
- Current portion of long-term debt -€2,707
no longer reported in 2025 (was €2,707)
- Depreciation -€6,397
down €6,397 (-87.4%), from €7,319 to €922
- Gross operating margin +€5,741
up €5,741 (+25.6%), from €22,446 to €28,187
- Taxes +€4,260
up €4,260 (+129%), from €3,308 to €7,569
- Other operating charges +€399
up €399 (+105%), from €381 to €780
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 | €39,283 | €70,388 | +€31,105 | +79.2% |
| Fixed assets | 21/28 | €411 | €12,806 | +€12,395 | +3,013% |
| Tangible fixed assets | 22/27 | €411 | €12,806 | +€12,395 | +3,013% |
| Land and buildings | 22 | - | €8,466 | +€8,466 | |
| Plant, machinery and equipment | 23 | - | €3,327 | +€3,327 | |
| Furniture and vehicles | 24 | €411 | €1,013 | +€602 | +146% |
| Current assets | 29/58 | €38,872 | €57,582 | +€18,710 | +48.1% |
| Amounts receivable within one year | 40/41 | €335 | €12,935 | +€12,600 | +3,759% |
| Trade receivables | 40 | €144 | €12,935 | +€12,792 | +8,914% |
| Other amounts receivable | 41 | €192 | - | -€192 | |
| Cash at bank and in hand | 54/58 | €36,682 | €41,660 | +€4,978 | +13.6% |
| Deferred charges and accrued income | 490/1 | €1,854 | €2,986 | +€1,132 | +61.1% |
| Total equity and liabilities | 10/49 | €39,283 | €70,388 | +€31,105 | +79.2% |
| Equity | 10/15 | €26,482 | €45,047 | +€18,565 | +70.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,482 | €40,047 | +€18,565 | +86.4% |
| Distributable reserves | 133 | €21,482 | €40,047 | +€18,565 | +86.4% |
| Amounts payable | 17/49 | €12,801 | €25,341 | +€12,540 | +98.0% |
| Amounts payable within one year | 42/48 | €12,801 | €25,341 | +€12,540 | +98.0% |
| Current portion of amounts payable after more than one year | 42 | €2,707 | - | -€2,707 | |
| Trade debts | 44 | €2,104 | €9,048 | +€6,944 | +330% |
| Suppliers | 440/4 | €2,104 | €9,048 | +€6,944 | +330% |
| Taxes, remuneration and social security | 45 | €3,774 | €11,952 | +€8,178 | +217% |
| Taxes | 450/3 | €2,524 | €10,702 | +€8,178 | +324% |
| Remuneration and social security | 454/9 | €1,250 | €1,250 | = | 0.0% |
| Other amounts payable | 47/48 | €4,216 | €4,341 | +€125 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,319 | €922 | -€6,397 | -87.4% |
| Other operating charges | 640/8 | €381 | €780 | +€399 | +105% |
| Gross operating margin | 9900 | €22,446 | €28,187 | +€5,741 | +25.6% |
| Operating profit (loss) | 9901 | €14,746 | €26,485 | +€11,739 | +79.6% |
| Financial income | 75/76B | €23 | €55 | +€33 | +142% |
| Recurring financial income | 75 | €23 | €55 | +€33 | +142% |
| Financial charges | 65/66B | €462 | €408 | -€54 | -11.8% |
| Recurring financial charges | 65 | €462 | €408 | -€54 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €14,307 | €26,133 | +€11,826 | +82.7% |
| Income taxes | 67/77 | €3,308 | €7,569 | +€4,260 | +129% |
| Profit (loss) for the period | 9904 | €10,999 | €18,565 | +€7,566 | +68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,999 | €18,565 | +€7,566 | +68.8% |
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 27 October 2026 via checked.be.