Vet Approved: 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 Approved
Largest movements
- Cash +€96,816
up €96,816 (+85.6%), from €113,130 to €209,946
mainly Net result for the year (+€122,406) and Other debts (+€95,048)
- Receivables within one year +€24,965
up €24,965 (+79.3%), from €31,462 to €56,427
of which Other amounts receivable: +€28,186
- Other debts +€95,048
up €95,048, from €0 to €95,048
- Tax, wage and social debts +€27,215
up €27,215 (+116.6%), from €23,333 to €50,549
- Gross operating margin +€14,268
up €14,268 (+9.8%), from €145,983 to €160,251
- Taxes -€6,613
down €6,613 (-16.0%), from €41,356 to €34,743
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 | €148,151 | €269,057 | +€120,906 | +81.6% |
| Fixed assets | 21/28 | €2,902 | €1,840 | -€1,062 | -36.6% |
| Tangible fixed assets | 22/27 | €2,902 | €1,840 | -€1,062 | -36.6% |
| Plant, machinery and equipment | 23 | €1,938 | €1,430 | -€508 | -26.2% |
| Furniture and vehicles | 24 | €964 | €410 | -€554 | -57.5% |
| Current assets | 29/58 | €145,249 | €267,217 | +€121,968 | +84.0% |
| Amounts receivable within one year | 40/41 | €31,462 | €56,427 | +€24,965 | +79.3% |
| Trade receivables | 40 | €19,758 | €16,537 | -€3,221 | -16.3% |
| Other amounts receivable | 41 | €11,704 | €39,890 | +€28,186 | +240.8% |
| Cash at bank and in hand | 54/58 | €113,130 | €209,946 | +€96,816 | +85.6% |
| Deferred charges and accrued income | 490/1 | €657 | €845 | +€188 | +28.6% |
| Total equity and liabilities | 10/49 | €148,151 | €269,057 | +€120,906 | +81.6% |
| Equity | 10/15 | €122,010 | €122,010 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €117,010 | €117,010 | = | 0.0% |
| Distributable reserves | 133 | €117,010 | €117,010 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €26,141 | €147,047 | +€120,906 | +462.5% |
| Amounts payable within one year | 42/48 | €25,826 | €147,047 | +€121,221 | +469.4% |
| Trade debts | 44 | €2,492 | €1,450 | -€1,042 | -41.8% |
| Suppliers | 440/4 | €2,492 | €1,450 | -€1,042 | -41.8% |
| Taxes, remuneration and social security | 45 | €23,333 | €50,549 | +€27,215 | +116.6% |
| Taxes | 450/3 | €23,333 | €50,549 | +€27,215 | +116.6% |
| Other amounts payable | 47/48 | €0 | €95,048 | +€95,048 | |
| Accrued charges and deferred income | 492/3 | €315 | €0 | -€315 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,062 | €1,062 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €145,983 | €160,251 | +€14,268 | +9.8% |
| Operating profit (loss) | 9901 | €144,416 | €158,669 | +€14,254 | +9.9% |
| Financial income | 75/76B | €1,106 | €0 | -€1,106 | -100.0% |
| Recurring financial income | 75 | €1,106 | €0 | -€1,106 | -100.0% |
| Financial charges | 65/66B | €2,783 | €1,520 | -€1,263 | -45.4% |
| Recurring financial charges | 65 | €2,783 | €1,520 | -€1,263 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €142,738 | €157,149 | +€14,411 | +10.1% |
| Income taxes | 67/77 | €41,356 | €34,743 | -€6,613 | -16.0% |
| Profit (loss) for the period | 9904 | €101,383 | €122,406 | +€21,023 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €101,383 | €122,406 | +€21,023 | +20.7% |
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 9 October 2026 via checked.be.