Vet Dufour: 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 Dufour
Largest movements
- Cash +€177,730
up €177,730 (+123%), from €144,607 to €322,337
mainly Other debts (+€234,911) and Net result for the year (+€176,728)
- Intangible fixed assets -€23,000
down €23,000 (-20.0%), from €115,000 to €92,000
- Current investments +€14,212
up €14,212 (+8.0%), from €178,305 to €192,517
- Tangible fixed assets -€11,577
down €11,577 (-23.5%), from €49,310 to €37,733
of which Furniture and vehicles: -€7,999
- Other debts +€234,911
up €234,911 (+119%), from €198,122 to €433,033
- Profit (loss) carried forward -€115,114
down €115,114 (-100%), from €115,114 to €0
- Tax, wage and social debts +€41,590
up €41,590 (+120%), from €34,706 to €76,296
- Gross operating margin +€41,772
up €41,772 (+16.9%), from €247,633 to €289,404
- Taxes +€14,667
up €14,667 (+32.2%), from €45,497 to €60,163
- Staff costs +€6,584
up €6,584 (+53.8%), from €12,230 to €18,814
- Depreciation -€3,563
down €3,563 (-9.3%), from €38,141 to €34,577
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 | €500,363 | €660,295 | +€159,932 | +32.0% |
| Fixed assets | 21/28 | €164,310 | €130,608 | -€33,702 | -20.5% |
| Intangible fixed assets | 21 | €115,000 | €92,000 | -€23,000 | -20.0% |
| Tangible fixed assets | 22/27 | €49,310 | €37,733 | -€11,577 | -23.5% |
| Land and buildings | 22 | €10,770 | €9,733 | -€1,037 | -9.6% |
| Plant, machinery and equipment | 23 | €7,599 | €5,057 | -€2,541 | -33.4% |
| Furniture and vehicles | 24 | €30,942 | €22,942 | -€7,999 | -25.9% |
| Financial fixed assets | 28 | - | €875 | +€875 | |
| Current assets | 29/58 | €336,053 | €529,687 | +€193,635 | +57.6% |
| Stocks and contracts in progress | 3 | €7,347 | €6,744 | -€604 | -8.2% |
| Stocks | 30/36 | €7,347 | €6,744 | -€604 | -8.2% |
| Amounts receivable within one year | 40/41 | €3,499 | €5,800 | +€2,301 | +65.7% |
| Trade receivables | 40 | €1,928 | €5,732 | +€3,804 | +197% |
| Other amounts receivable | 41 | €1,571 | €67 | -€1,503 | -95.7% |
| Current investments | 50/53 | €178,305 | €192,517 | +€14,212 | +8.0% |
| Cash at bank and in hand | 54/58 | €144,607 | €322,337 | +€177,730 | +123% |
| Deferred charges and accrued income | 490/1 | €2,295 | €2,291 | -€4 | -0.2% |
| Total equity and liabilities | 10/49 | €500,363 | €660,295 | +€159,932 | +32.0% |
| Equity | 10/15 | €120,114 | €5,000 | -€115,114 | -95.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,114 | €0 | -€115,114 | -100% |
| Amounts payable | 17/49 | €380,249 | €655,295 | +€275,046 | +72.3% |
| Amounts payable after more than one year | 17 | €140,000 | €140,000 | = | 0.0% |
| Other amounts payable | 178/9 | €140,000 | €140,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €240,249 | €515,295 | +€275,046 | +114% |
| Trade debts | 44 | €7,421 | €5,966 | -€1,456 | -19.6% |
| Suppliers | 440/4 | €7,421 | €5,966 | -€1,456 | -19.6% |
| Taxes, remuneration and social security | 45 | €34,706 | €76,296 | +€41,590 | +120% |
| Taxes | 450/3 | €34,706 | €76,296 | +€41,590 | +120% |
| Other amounts payable | 47/48 | €198,122 | €433,033 | +€234,911 | +119% |
| Remuneration, social security and pensions | 62 | €12,230 | €18,814 | +€6,584 | +53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,141 | €34,577 | -€3,563 | -9.3% |
| Other operating charges | 640/8 | €1,096 | €794 | -€301 | -27.5% |
| Gross operating margin | 9900 | €247,633 | €289,404 | +€41,772 | +16.9% |
| Operating profit (loss) | 9901 | €196,166 | €235,218 | +€39,052 | +19.9% |
| Financial income | 75/76B | €1,877 | €2,541 | +€664 | +35.4% |
| Recurring financial income | 75 | €1,877 | €2,541 | +€664 | +35.4% |
| Financial charges | 65/66B | €525 | €868 | +€343 | +65.4% |
| Recurring financial charges | 65 | €525 | €868 | +€343 | +65.4% |
| Profit (loss) for the period before taxes | 9903 | €197,518 | €236,891 | +€39,374 | +19.9% |
| Income taxes | 67/77 | €45,497 | €60,163 | +€14,667 | +32.2% |
| Profit (loss) for the period | 9904 | €152,021 | €176,728 | +€24,707 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €152,021 | €176,728 | +€24,707 | +16.3% |
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 23 October 2026 via checked.be.