Vet@2: 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.
Vet@2
Largest movements
- Tangible fixed assets -€32,905
down €32,905 (-15.9%), from €206,754 to €173,850
of which Land and buildings: -€26,082
- Receivables within one year -€10,863
down €10,863 (-94.9%), from €11,445 to €582
of which Other amounts receivable: -€10,509
- Cash -€6,441
down €6,441 (-4.3%), from €148,304 to €141,863
mainly Contributions, distributions and other (-€108,373) and Trade debts (-€25,385)
- Reserves -€91,434
down €91,434 (-84.4%), from €108,373 to €16,939
- Other debts +€76,903
up €76,903 (+203.4%), from €37,816 to €114,720
- Trade debts -€25,385
down €25,385 (-70.6%), from €35,939 to €10,554
- Debts after one year -€17,084
down €17,084 (-10.7%), from €159,573 to €142,489
- Depreciation +€18,459
up €18,459 (+86.9%), from €21,246 to €39,705
- Taxes -€9,449
down €9,449 (-67.2%), from €14,065 to €4,616
- Staff costs +€8,151
up €8,151 (+54.0%), from €15,106 to €23,258
- Gross operating margin -€3,630
down €3,630 (-3.8%), from €94,508 to €90,878
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 | €394,465 | €339,786 | -€54,679 | -13.9% |
| Fixed assets | 21/28 | €219,655 | €183,550 | -€36,105 | -16.4% |
| Intangible fixed assets | 21 | €12,800 | €9,600 | -€3,200 | -25.0% |
| Tangible fixed assets | 22/27 | €206,754 | €173,850 | -€32,905 | -15.9% |
| Land and buildings | 22 | €166,509 | €140,427 | -€26,082 | -15.7% |
| Plant, machinery and equipment | 23 | €7,848 | €9,862 | +€2,014 | +25.7% |
| Furniture and vehicles | 24 | €1,688 | €609 | -€1,079 | -63.9% |
| Other tangible fixed assets | 26 | €30,709 | €22,951 | -€7,757 | -25.3% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €174,810 | €156,236 | -€18,574 | -10.6% |
| Stocks and contracts in progress | 3 | €13,791 | €13,791 | = | 0.0% |
| Stocks | 30/36 | €13,791 | €13,791 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,445 | €582 | -€10,863 | -94.9% |
| Trade receivables | 40 | €355 | - | -€355 | |
| Other amounts receivable | 41 | €11,090 | €582 | -€10,509 | -94.8% |
| Cash at bank and in hand | 54/58 | €148,304 | €141,863 | -€6,441 | -4.3% |
| Deferred charges and accrued income | 490/1 | €1,270 | - | -€1,270 | |
| Total equity and liabilities | 10/49 | €394,465 | €339,786 | -€54,679 | -13.9% |
| Equity | 10/15 | €126,973 | €35,539 | -€91,434 | -72.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,373 | €16,939 | -€91,434 | -84.4% |
| Distributable reserves | 133 | €108,373 | €16,939 | -€91,434 | -84.4% |
| Amounts payable | 17/49 | €267,492 | €304,247 | +€36,755 | +13.7% |
| Amounts payable after more than one year | 17 | €159,573 | €142,489 | -€17,084 | -10.7% |
| Financial debts | 170/4 | €159,573 | €142,489 | -€17,084 | -10.7% |
| Amounts payable within one year | 42/48 | €107,920 | €161,758 | +€53,839 | +49.9% |
| Current portion of amounts payable after more than one year | 42 | €16,758 | €17,084 | +€326 | +1.9% |
| Trade debts | 44 | €35,939 | €10,554 | -€25,385 | -70.6% |
| Suppliers | 440/4 | €35,939 | €10,554 | -€25,385 | -70.6% |
| Taxes, remuneration and social security | 45 | €17,406 | €19,401 | +€1,995 | +11.5% |
| Taxes | 450/3 | €17,061 | €19,401 | +€2,340 | +13.7% |
| Remuneration and social security | 454/9 | €345 | - | -€345 | |
| Other amounts payable | 47/48 | €37,816 | €114,720 | +€76,903 | +203.4% |
| Remuneration, social security and pensions | 62 | €15,106 | €23,258 | +€8,151 | +54.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,246 | €39,705 | +€18,459 | +86.9% |
| Other operating charges | 640/8 | €2,618 | €2,617 | -€1 | 0.0% |
| Gross operating margin | 9900 | €94,508 | €90,878 | -€3,630 | -3.8% |
| Operating profit (loss) | 9901 | €55,538 | €25,299 | -€30,240 | -54.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,936 | €3,743 | -€192 | -4.9% |
| Recurring financial charges | 65 | €3,936 | €3,743 | -€192 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €51,603 | €21,555 | -€30,047 | -58.2% |
| Income taxes | 67/77 | €14,065 | €4,616 | -€9,449 | -67.2% |
| Profit (loss) for the period | 9904 | €37,538 | €16,939 | -€20,599 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,538 | €16,939 | -€20,599 | -54.9% |
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 12 October 2026 via checked.be.