Vetcon: 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.
Vetcon
Largest movements
- Stocks and contracts -€34,180
no longer reported in 2025 (was €34,180)
- Receivables within one year +€14,014
up €14,014 (+4.8%), from €290,426 to €304,440
of which Trade receivables: +€23,123
- Accrued charges and deferred income -€80,795
no longer reported in 2025 (was €80,795)
- Trade debts +€61,591
up €61,591 (+15,915%), from €387 to €61,978
- Reserves -€3,809
down €3,809 (-2.7%), from €138,890 to €135,081
- Staff costs +€12,754
up €12,754 (+59.5%), from €21,431 to €34,185
- Financial charges -€1,240
down €1,240 (-5.2%), from €23,699 to €22,459
- Gross operating margin -€1,164
down €1,164 (-2.0%), from €57,592 to €56,428
- Other operating charges +€1,024
up €1,024 (+181%), from €565 to €1,589
- Taxes -€948
down €948 (-56.7%), from €1,673 to €724
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 | €334,911 | €317,577 | -€17,334 | -5.2% |
| Fixed assets | 21/28 | €1,466 | €1,470 | +€4 | +0.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,216 | €1,220 | +€4 | +0.3% |
| Plant, machinery and equipment | 23 | €1,216 | €1,220 | +€4 | +0.3% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €333,445 | €316,107 | -€17,338 | -5.2% |
| Stocks and contracts in progress | 3 | €34,180 | - | -€34,180 | |
| Stocks | 30/36 | €34,180 | - | -€34,180 | |
| Amounts receivable within one year | 40/41 | €290,426 | €304,440 | +€14,014 | +4.8% |
| Trade receivables | 40 | €279,079 | €302,202 | +€23,123 | +8.3% |
| Other amounts receivable | 41 | €11,348 | €2,238 | -€9,109 | -80.3% |
| Cash at bank and in hand | 54/58 | €8,839 | €9,177 | +€338 | +3.8% |
| Deferred charges and accrued income | 490/1 | - | €2,490 | +€2,490 | |
| Total equity and liabilities | 10/49 | €334,911 | €317,577 | -€17,334 | -5.2% |
| Equity | 10/15 | €157,490 | €153,681 | -€3,809 | -2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €138,890 | €135,081 | -€3,809 | -2.7% |
| Distributable reserves | 133 | €138,890 | €135,081 | -€3,809 | -2.7% |
| Amounts payable | 17/49 | €177,421 | €163,896 | -€13,525 | -7.6% |
| Amounts payable within one year | 42/48 | €96,626 | €163,896 | +€67,269 | +69.6% |
| Financial debts | 43 | - | €209 | +€209 | |
| Credit institutions | 430/8 | - | €209 | +€209 | |
| Trade debts | 44 | €387 | €61,978 | +€61,591 | +15,915% |
| Suppliers | 440/4 | €387 | €61,978 | +€61,591 | +15,915% |
| Taxes, remuneration and social security | 45 | €14,731 | €17,185 | +€2,453 | +16.7% |
| Taxes | 450/3 | €9,683 | €3,162 | -€6,521 | -67.3% |
| Remuneration and social security | 454/9 | €5,048 | €14,023 | +€8,975 | +178% |
| Other amounts payable | 47/48 | €81,508 | €84,524 | +€3,017 | +3.7% |
| Accrued charges and deferred income | 492/3 | €80,795 | - | -€80,795 | |
| Remuneration, social security and pensions | 62 | €21,431 | €34,185 | +€12,754 | +59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €468 | €273 | -€195 | -41.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €648 | - | -€648 | |
| Other operating charges | 640/8 | €565 | €1,589 | +€1,024 | +181% |
| Non-recurring operating charges | 66A | €7,789 | €1,019 | -€6,769 | -86.9% |
| Gross operating margin | 9900 | €57,592 | €56,428 | -€1,164 | -2.0% |
| Operating profit (loss) | 9901 | €26,692 | €19,363 | -€7,329 | -27.5% |
| Financial income | 75/76B | €87 | €11 | -€76 | -86.9% |
| Recurring financial income | 75 | €87 | €11 | -€76 | -86.9% |
| Financial charges | 65/66B | €23,699 | €22,459 | -€1,240 | -5.2% |
| Recurring financial charges | 65 | €23,699 | €22,459 | -€1,240 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €3,080 | -€3,085 | -€6,165 | |
| Income taxes | 67/77 | €1,673 | €724 | -€948 | -56.7% |
| Profit (loss) for the period | 9904 | €1,408 | -€3,809 | -€5,217 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,408 | -€3,809 | -€5,217 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.