VEEHANDEL VPL: what changed
What changed
VEEHANDEL VPL
NACE 46.231, Wholesale of live animals
filed annual accounts (NBB)
Net result for the year
€153,783
2025 · €205,214-€51,431
Equity
€949,952
2025 · €796,169+€153,783
Cash
€42,162
2025 · €37,410+€4,752
Balance sheet total
€1.8m
2025 · €1.7m+€148,431
Largest movements
Assets
- Tangible fixed assets +€95,340
up €95,340 (+13.7%), from €693,987 to €789,327
of which Furniture and vehicles: +€115,207
- Receivables within one year +€24,647
up €24,647 (+4.6%), from €531,576 to €556,223
of which Trade receivables: +€39,116
- Stocks and contracts +€23,608
up €23,608 (+6.0%), from €396,287 to €419,895
Equity and liabilities
- Reserves +€153,783
up €153,783 (+21.3%), from €721,169 to €874,952
- Trade debts +€43,789
up €43,789 (+15.9%), from €275,402 to €319,192
- Tax, wage and social debts -€24,427
down €24,427 (-47.6%), from €51,293 to €26,866
Income statement
- Depreciation +€48,032
up €48,032 (+29.7%), from €161,736 to €209,768
- Taxes -€24,945
down €24,945 (-27.4%), from €91,183 to €66,238
- Gross operating margin +€14,647
up €14,647 (+3.0%), from €482,687 to €497,335
- Financial charges +€13,942
up €13,942 (+158%), from €8,846 to €22,788
Change in the result, 2025 to 2026
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 2025
€205,214
Gross operating margin
+€14,647
Depreciation
-€48,032
Other operating charges
-€3,374
Other operating items
-€26,099
Financial income
+€423
Financial charges
-€13,942
Taxes
+€24,945
Result 2026
€153,783
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€334,230
Investment
-€305,108
Financing
-€24,371
Cash 2025
€37,410
From operations (derived)
+€334,230
Net result for the year
+€153,783
Depreciation
+€209,768
Stocks and contracts
-€23,608
Receivables within one year
-€24,647
Smaller working-capital items
-€428
Trade debts
+€43,789
Tax, wage and social debts
-€24,427
Investment (derived)
-€305,108
Investment in fixed assets (net)
-€305,108
Financing
-€24,371
Debts after one year
-€7,865
Current portion of long-term debt
-€16,506
Cash 2026
€42,162
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,670,606 | €1,819,037 | +€148,431 | +8.9% |
| Fixed assets | 21/28 | €695,237 | €790,577 | +€95,340 | +13.7% |
| Tangible fixed assets | 22/27 | €693,987 | €789,327 | +€95,340 | +13.7% |
| Land and buildings | 22 | €120,721 | €84,650 | -€36,071 | -29.9% |
| Plant, machinery and equipment | 23 | €71,874 | €88,077 | +€16,203 | +22.5% |
| Furniture and vehicles | 24 | €501,392 | €616,600 | +€115,207 | +23.0% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €975,369 | €1,028,460 | +€53,091 | +5.4% |
| Stocks and contracts in progress | 3 | €396,287 | €419,895 | +€23,608 | +6.0% |
| Stocks | 30/36 | €396,287 | €419,895 | +€23,608 | +6.0% |
| Amounts receivable within one year | 40/41 | €531,576 | €556,223 | +€24,647 | +4.6% |
| Trade receivables | 40 | €500,915 | €540,031 | +€39,116 | +7.8% |
| Other amounts receivable | 41 | €30,661 | €16,191 | -€14,469 | -47.2% |
| Cash at bank and in hand | 54/58 | €37,410 | €42,162 | +€4,752 | +12.7% |
| Deferred charges and accrued income | 490/1 | €10,095 | €10,180 | +€84 | +0.8% |
| Total equity and liabilities | 10/49 | €1,670,606 | €1,819,037 | +€148,431 | +8.9% |
| Equity | 10/15 | €796,169 | €949,952 | +€153,783 | +19.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €721,169 | €874,952 | +€153,783 | +21.3% |
| Distributable reserves | 133 | €721,169 | €874,952 | +€153,783 | +21.3% |
| Amounts payable | 17/49 | €874,437 | €869,084 | -€5,352 | -0.6% |
| Amounts payable after more than one year | 17 | €394,287 | €386,422 | -€7,865 | -2.0% |
| Financial debts | 170/4 | €193,971 | €178,267 | -€15,705 | -8.1% |
| Other amounts payable | 178/9 | €200,316 | €208,156 | +€7,840 | +3.9% |
| Amounts payable within one year | 42/48 | €480,150 | €482,662 | +€2,512 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €153,111 | €136,605 | -€16,506 | -10.8% |
| Trade debts | 44 | €275,402 | €319,192 | +€43,789 | +15.9% |
| Suppliers | 440/4 | €275,402 | €319,192 | +€43,789 | +15.9% |
| Taxes, remuneration and social security | 45 | €51,293 | €26,866 | -€24,427 | -47.6% |
| Taxes | 450/3 | €51,293 | €26,866 | -€24,427 | -47.6% |
| Other amounts payable | 47/48 | €344 | - | -€344 | |
| Non-recurring operating income | 76A | €122,703 | €5,175 | -€117,528 | -95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,736 | €209,768 | +€48,032 | +29.7% |
| Other operating charges | 640/8 | €11,605 | €14,979 | +€3,374 | +29.1% |
| Non-recurring operating charges | 66A | €4,186 | €30,285 | +€26,099 | +623% |
| Gross operating margin | 9900 | €482,687 | €497,335 | +€14,647 | +3.0% |
| Operating profit (loss) | 9901 | €305,161 | €242,303 | -€62,857 | -20.6% |
| Financial income | 75/76B | €82 | €506 | +€423 | +513% |
| Recurring financial income | 75 | €82 | €506 | +€423 | +513% |
| Financial charges | 65/66B | €8,846 | €22,788 | +€13,942 | +158% |
| Recurring financial charges | 65 | €8,846 | €22,788 | +€13,942 | +158% |
| Profit (loss) for the period before taxes | 9903 | €296,397 | €220,021 | -€76,376 | -25.8% |
| Income taxes | 67/77 | €91,183 | €66,238 | -€24,945 | -27.4% |
| Profit (loss) for the period | 9904 | €205,214 | €153,783 | -€51,431 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €205,214 | €153,783 | -€51,431 | -25.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.