VET CORNER: 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 CORNER
Largest movements
- Tangible fixed assets -€26,266
down €26,266 (-10.9%), from €241,602 to €215,336
of which Furniture and vehicles: -€17,352
- Receivables within one year +€15,434
up €15,434 (+98.5%), from €15,669 to €31,103
of which Trade receivables: +€15,804
- Intangible fixed assets -€12,331
down €12,331 (-18.1%), from €68,308 to €55,977
- Debts after one year -€41,078
down €41,078 (-25.9%), from €158,823 to €117,745
- Reserves +€10,000
up €10,000 (+12.3%), from €81,355 to €91,355
of which Distributable reserves: +€10,000
- Other debts +€3,765
up €3,765 (+22.6%), from €16,642 to €20,407
- Gross operating margin +€7,412
up €7,412 (+13.1%), from €56,571 to €63,983
- Taxes +€1,887
up €1,887 (+80.5%), from €2,343 to €4,230
- Financial charges -€1,272
down €1,272 (-18.7%), from €6,791 to €5,520
- Depreciation +€1,060
up €1,060 (+2.6%), from €41,567 to €42,627
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 | €331,477 | €307,542 | -€23,935 | -7.2% |
| Fixed assets | 21/28 | €309,910 | €271,312 | -€38,598 | -12.5% |
| Intangible fixed assets | 21 | €68,308 | €55,977 | -€12,331 | -18.1% |
| Tangible fixed assets | 22/27 | €241,602 | €215,336 | -€26,266 | -10.9% |
| Land and buildings | 22 | €58,021 | €58,021 | = | 0.0% |
| Plant, machinery and equipment | 23 | €7,223 | €2,866 | -€4,357 | -60.3% |
| Furniture and vehicles | 24 | €149,924 | €132,573 | -€17,352 | -11.6% |
| Other tangible fixed assets | 26 | €26,433 | €21,875 | -€4,558 | -17.2% |
| Current assets | 29/58 | €21,567 | €36,229 | +€14,663 | +68.0% |
| Stocks and contracts in progress | 3 | €3,300 | €1,543 | -€1,756 | -53.2% |
| Stocks | 30/36 | €3,300 | €1,543 | -€1,756 | -53.2% |
| Amounts receivable within one year | 40/41 | €15,669 | €31,103 | +€15,434 | +98.5% |
| Trade receivables | 40 | €15,219 | €31,023 | +€15,804 | +104% |
| Other amounts receivable | 41 | €450 | €80 | -€370 | -82.3% |
| Cash at bank and in hand | 54/58 | €1,559 | €2,476 | +€917 | +58.8% |
| Deferred charges and accrued income | 490/1 | €1,039 | €1,108 | +€69 | +6.6% |
| Total equity and liabilities | 10/49 | €331,477 | €307,542 | -€23,935 | -7.2% |
| Equity | 10/15 | €103,085 | €113,315 | +€10,231 | +9.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €81,355 | €91,355 | +€10,000 | +12.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €79,500 | €89,500 | +€10,000 | +12.6% |
| Profit (loss) carried forward | 14 | €3,180 | €3,410 | +€231 | +7.3% |
| Amounts payable | 17/49 | €228,392 | €194,226 | -€34,166 | -15.0% |
| Amounts payable after more than one year | 17 | €158,823 | €117,745 | -€41,078 | -25.9% |
| Financial debts | 170/4 | €158,823 | €117,745 | -€41,078 | -25.9% |
| Amounts payable within one year | 42/48 | €69,569 | €76,482 | +€6,912 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €43,249 | €41,732 | -€1,518 | -3.5% |
| Financial debts | 43 | €200 | €609 | +€409 | +204% |
| Credit institutions | 430/8 | €200 | €609 | +€409 | +204% |
| Trade debts | 44 | €8,304 | €11,019 | +€2,715 | +32.7% |
| Suppliers | 440/4 | €8,304 | €11,019 | +€2,715 | +32.7% |
| Taxes, remuneration and social security | 45 | €1,174 | €2,716 | +€1,542 | +131% |
| Taxes | 450/3 | €1,174 | €2,716 | +€1,542 | +131% |
| Other amounts payable | 47/48 | €16,642 | €20,407 | +€3,765 | +22.6% |
| Non-recurring operating income | 76A | - | €241 | +€241 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,567 | €42,627 | +€1,060 | +2.6% |
| Other operating charges | 640/8 | €1,140 | €1,203 | +€64 | +5.6% |
| Non-recurring operating charges | 66A | €139 | €470 | +€331 | +238% |
| Gross operating margin | 9900 | €56,571 | €63,983 | +€7,412 | +13.1% |
| Operating profit (loss) | 9901 | €13,725 | €19,682 | +€5,957 | +43.4% |
| Financial income | 75/76B | €66 | €298 | +€232 | +352% |
| Recurring financial income | 75 | €66 | €298 | +€232 | +352% |
| Financial charges | 65/66B | €6,791 | €5,520 | -€1,272 | -18.7% |
| Recurring financial charges | 65 | €6,791 | €5,520 | -€1,272 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €7,000 | €14,461 | +€7,461 | +107% |
| Income taxes | 67/77 | €2,343 | €4,230 | +€1,887 | +80.5% |
| Profit (loss) for the period | 9904 | €4,656 | €10,231 | +€5,574 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €4,656 | €10,231 | +€5,574 | +120% |
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 21 October 2026 via checked.be.