VETERINAIRE MELON: 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.
VETERINAIRE MELON
Largest movements
- Current investments +€106,091
new in 2025: €106,091
- Cash -€59,235
down €59,235 (-46.4%), from €127,583 to €68,348
mainly Current investments (-€106,091) and Contributions, distributions and other (-€19,774)
- Intangible fixed assets -€11,000
down €11,000 (-40.0%), from €27,500 to €16,500
- Tangible fixed assets -€5,192
down €5,192 (-13.6%), from €38,191 to €32,999
of which Furniture and vehicles: -€6,157
- Reserves +€17,973
up €17,973 (+10.6%), from €169,485 to €187,458
- Accrued charges and deferred income +€7,048
new in 2025: €7,048
- Other debts +€6,144
up €6,144 (+59.8%), from €10,281 to €16,425
- Gross operating margin +€5,355
up €5,355 (+6.8%), from €78,656 to €84,011
- Taxes +€1,441
up €1,441 (+7.9%), from €18,255 to €19,696
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 | €212,332 | €243,782 | +€31,450 | +14.8% |
| Fixed assets | 21/28 | €65,691 | €49,499 | -€16,192 | -24.6% |
| Intangible fixed assets | 21 | €27,500 | €16,500 | -€11,000 | -40.0% |
| Tangible fixed assets | 22/27 | €38,191 | €32,999 | -€5,192 | -13.6% |
| Land and buildings | 22 | €10,202 | €10,130 | -€72 | -0.7% |
| Plant, machinery and equipment | 23 | €6,490 | €7,528 | +€1,038 | +16.0% |
| Furniture and vehicles | 24 | €21,499 | €15,342 | -€6,157 | -28.6% |
| Current assets | 29/58 | €146,641 | €194,283 | +€47,642 | +32.5% |
| Stocks and contracts in progress | 3 | €13,701 | €13,372 | -€329 | -2.4% |
| Stocks | 30/36 | €13,701 | €13,372 | -€329 | -2.4% |
| Amounts receivable within one year | 40/41 | €1,615 | €1,003 | -€612 | -37.9% |
| Trade receivables | 40 | €1,145 | €994 | -€151 | -13.2% |
| Other amounts receivable | 41 | €471 | €10 | -€461 | -97.9% |
| Current investments | 50/53 | - | €106,091 | +€106,091 | |
| Cash at bank and in hand | 54/58 | €127,583 | €68,348 | -€59,235 | -46.4% |
| Deferred charges and accrued income | 490/1 | €3,742 | €5,469 | +€1,727 | +46.2% |
| Total equity and liabilities | 10/49 | €212,332 | €243,782 | +€31,450 | +14.8% |
| Equity | 10/15 | €188,085 | €206,058 | +€17,973 | +9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €169,485 | €187,458 | +€17,973 | +10.6% |
| Distributable reserves | 133 | €169,485 | €187,458 | +€17,973 | +10.6% |
| Amounts payable | 17/49 | €24,247 | €37,724 | +€13,477 | +55.6% |
| Amounts payable within one year | 42/48 | €24,247 | €30,676 | +€6,429 | +26.5% |
| Trade debts | 44 | €3,969 | €3,628 | -€341 | -8.6% |
| Suppliers | 440/4 | €3,969 | €3,628 | -€341 | -8.6% |
| Taxes, remuneration and social security | 45 | €9,997 | €10,623 | +€626 | +6.3% |
| Taxes | 450/3 | €9,997 | €10,623 | +€626 | +6.3% |
| Other amounts payable | 47/48 | €10,281 | €16,425 | +€6,144 | +59.8% |
| Accrued charges and deferred income | 492/3 | - | €7,048 | +€7,048 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,276 | €23,928 | -€348 | -1.4% |
| Other operating charges | 640/8 | €2,596 | €2,742 | +€147 | +5.7% |
| Gross operating margin | 9900 | €78,656 | €84,011 | +€5,355 | +6.8% |
| Operating profit (loss) | 9901 | €51,784 | €57,340 | +€5,556 | +10.7% |
| Financial income | 75/76B | €1,005 | €841 | -€164 | -16.3% |
| Recurring financial income | 75 | €1,005 | €841 | -€164 | -16.3% |
| Financial charges | 65/66B | €396 | €738 | +€342 | +86.4% |
| Recurring financial charges | 65 | €396 | €738 | +€342 | +86.4% |
| Profit (loss) for the period before taxes | 9903 | €52,394 | €57,443 | +€5,049 | +9.6% |
| Income taxes | 67/77 | €18,255 | €19,696 | +€1,441 | +7.9% |
| Profit (loss) for the period | 9904 | €34,139 | €37,747 | +€3,608 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,139 | €37,747 | +€3,608 | +10.6% |
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.