SPECIFIC VETERINARY TECHNOLOGIES: what changed
Two fiscal 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.
SPECIFIC VETERINARY TECHNOLOGIES
Largest movements
- Receivables within one year +€48,851
up €48,851 (+195.7%), from €24,958 to €73,810
of which Trade receivables: +€50,245
- Tangible fixed assets -€32,806
down €32,806 (-29.2%), from €112,509 to €79,703
of which Furniture and vehicles: -€24,632
- Trade debts +€40,306
up €40,306 (+222.7%), from €18,100 to €58,407
- Other debts -€16,823
down €16,823 (-32.9%), from €51,186 to €34,364
- Profit (loss) carried forward -€13,614
down €13,614 (-38.4%), from -€35,436 to -€49,050
- Debts after one year +€7,077
up €7,077 (+3.3%), from €215,912 to €222,989
of which Other amounts payable: +€22,500
- Gross operating margin +€14,118
up €14,118 (+572.7%), from €2,465 to €16,583
- Write-downs -€6,866
new in 2025: -€6,866
- Taxes -€4,839
down €4,839 (-96.5%), from €5,014 to €174
- Financial charges +€805
up €805 (+24.3%), from €3,315 to €4,120
- Other operating charges +€289
up €289 (+18.1%), from €1,595 to €1,884
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.
Cash bridge derived
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 | €374,450 | €393,839 | +€19,389 | +5.2% |
| Fixed assets | 21/28 | €113,234 | €80,158 | -€33,076 | -29.2% |
| Intangible fixed assets | 21 | €725 | €455 | -€270 | -37.2% |
| Tangible fixed assets | 22/27 | €112,509 | €79,703 | -€32,806 | -29.2% |
| Land and buildings | 22 | €14,143 | €11,825 | -€2,318 | -16.4% |
| Plant, machinery and equipment | 23 | €19,092 | €12,736 | -€6,356 | -33.3% |
| Furniture and vehicles | 24 | €73,028 | €48,396 | -€24,632 | -33.7% |
| Other tangible fixed assets | 26 | €6,247 | €6,747 | +€500 | +8.0% |
| Current assets | 29/58 | €261,216 | €313,682 | +€52,466 | +20.1% |
| Stocks and contracts in progress | 3 | €229,989 | €230,856 | +€866 | +0.4% |
| Stocks | 30/36 | €229,989 | €230,856 | +€866 | +0.4% |
| Amounts receivable within one year | 40/41 | €24,958 | €73,810 | +€48,851 | +195.7% |
| Trade receivables | 40 | €23,446 | €73,691 | +€50,245 | +214.3% |
| Other amounts receivable | 41 | €1,512 | €119 | -€1,393 | -92.1% |
| Cash at bank and in hand | 54/58 | €4,800 | €7,395 | +€2,596 | +54.1% |
| Deferred charges and accrued income | 490/1 | €1,469 | €1,621 | +€152 | +10.4% |
| Total equity and liabilities | 10/49 | €374,450 | €393,839 | +€19,389 | +5.2% |
| Equity | 10/15 | €45,674 | €32,060 | -€13,614 | -29.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62,510 | €62,510 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €60,650 | €60,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,436 | -€49,050 | -€13,614 | -38.4% |
| Amounts payable | 17/49 | €328,775 | €361,779 | +€33,004 | +10.0% |
| Amounts payable after more than one year | 17 | €215,912 | €222,989 | +€7,077 | +3.3% |
| Financial debts | 170/4 | €43,862 | €28,439 | -€15,423 | -35.2% |
| Other amounts payable | 178/9 | €172,050 | €194,550 | +€22,500 | +13.1% |
| Amounts payable within one year | 42/48 | €98,097 | €124,024 | +€25,926 | +26.4% |
| Current portion of amounts payable after more than one year | 42 | €24,848 | €26,823 | +€1,975 | +7.9% |
| Trade debts | 44 | €18,100 | €58,407 | +€40,306 | +222.7% |
| Suppliers | 440/4 | €18,100 | €58,407 | +€40,306 | +222.7% |
| Taxes, remuneration and social security | 45 | €3,962 | €4,430 | +€468 | +11.8% |
| Taxes | 450/3 | €3,962 | €4,430 | +€468 | +11.8% |
| Other amounts payable | 47/48 | €51,186 | €34,364 | -€16,823 | -32.9% |
| Accrued charges and deferred income | 492/3 | €14,766 | €14,766 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,692 | €37,666 | -€27 | -0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€6,866 | -€6,866 | |
| Other operating charges | 640/8 | €1,595 | €1,884 | +€289 | +18.1% |
| Gross operating margin | 9900 | €2,465 | €16,583 | +€14,118 | +572.7% |
| Operating profit (loss) | 9901 | -€36,822 | -€16,101 | +€20,721 | +56.3% |
| Financial income | 75/76B | €0 | €178 | +€178 | +1778300.0% |
| Recurring financial income | 75 | €0 | €178 | +€178 | +1778300.0% |
| Financial charges | 65/66B | €3,315 | €4,120 | +€805 | +24.3% |
| Recurring financial charges | 65 | €3,315 | €4,120 | +€805 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | -€40,137 | -€20,044 | +€20,093 | +50.1% |
| Income taxes | 67/77 | €5,014 | €174 | -€4,839 | -96.5% |
| Profit (loss) for the period | 9904 | -€45,151 | -€20,218 | +€24,933 | +55.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,151 | -€20,218 | +€24,933 | +55.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.