VET-SERVICES: 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-SERVICES
Largest movements
- Cash +€120,795
up €120,795 (+191.2%), from €63,182 to €183,977
mainly Trade debts (+€89,333) and Receivables within one year (+€33,243)
- Receivables within one year -€33,243
down €33,243 (-13.2%), from €251,962 to €218,718
of which Trade receivables: -€31,797
- Trade debts +€89,333
up €89,333 (+30.2%), from €296,090 to €385,423
- Financial income +€1,880
up €1,880 (+152.0%), from €1,237 to €3,116
- Gross operating margin -€1,074
down €1,074 (-20.3%), from €5,282 to €4,208
- Financial charges +€668
up €668 (+141.7%), from €471 to €1,139
- Taxes -€114
down €114 (-13.9%), from €824 to €709
- Depreciation +€108
up €108 (+4.5%), from €2,388 to €2,496
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 | €327,549 | €418,796 | +€91,247 | +27.9% |
| Fixed assets | 21/28 | €7,578 | €8,502 | +€924 | +12.2% |
| Tangible fixed assets | 22/27 | €5,578 | €6,502 | +€924 | +16.6% |
| Plant, machinery and equipment | 23 | €5,578 | €6,502 | +€924 | +16.6% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €319,971 | €410,294 | +€90,322 | +28.2% |
| Stocks and contracts in progress | 3 | €4,828 | €7,599 | +€2,771 | +57.4% |
| Stocks | 30/36 | €4,828 | €7,599 | +€2,771 | +57.4% |
| Amounts receivable within one year | 40/41 | €251,962 | €218,718 | -€33,243 | -13.2% |
| Trade receivables | 40 | €234,246 | €202,450 | -€31,797 | -13.6% |
| Other amounts receivable | 41 | €17,715 | €16,269 | -€1,447 | -8.2% |
| Cash at bank and in hand | 54/58 | €63,182 | €183,977 | +€120,795 | +191.2% |
| Total equity and liabilities | 10/49 | €327,549 | €418,796 | +€91,247 | +27.9% |
| Equity | 10/15 | €29,336 | €31,627 | +€2,291 | +7.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,336 | €6,627 | +€2,291 | +52.8% |
| Amounts payable | 17/49 | €298,213 | €387,169 | +€88,956 | +29.8% |
| Amounts payable within one year | 42/48 | €298,213 | €387,169 | +€88,956 | +29.8% |
| Trade debts | 44 | €296,090 | €385,423 | +€89,333 | +30.2% |
| Suppliers | 440/4 | €296,090 | €385,423 | +€89,333 | +30.2% |
| Taxes, remuneration and social security | 45 | €1,638 | €1,261 | -€377 | -23.0% |
| Taxes | 450/3 | €1,638 | €1,261 | -€377 | -23.0% |
| Other amounts payable | 47/48 | €485 | €485 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,388 | €2,496 | +€108 | +4.5% |
| Other operating charges | 640/8 | €660 | €690 | +€30 | +4.5% |
| Gross operating margin | 9900 | €5,282 | €4,208 | -€1,074 | -20.3% |
| Operating profit (loss) | 9901 | €2,234 | €1,023 | -€1,211 | -54.2% |
| Financial income | 75/76B | €1,237 | €3,116 | +€1,880 | +152.0% |
| Recurring financial income | 75 | €1,237 | €3,116 | +€1,880 | +152.0% |
| Financial charges | 65/66B | €471 | €1,139 | +€668 | +141.7% |
| Recurring financial charges | 65 | €471 | €1,139 | +€668 | +141.7% |
| Profit (loss) for the period before taxes | 9903 | €2,999 | €3,000 | +€1 | 0.0% |
| Income taxes | 67/77 | €824 | €709 | -€114 | -13.9% |
| Profit (loss) for the period | 9904 | €2,176 | €2,291 | +€115 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,176 | €2,291 | +€115 | +5.3% |
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 10 October 2026 via checked.be.