VETERINARX: 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.
VETERINARX
Largest movements
- Receivables within one year +€214,409
up €214,409 (+46.7%), from €459,484 to €673,894
of which Other amounts receivable: +€214,924
- Tangible fixed assets -€161,346
down €161,346 (-30.0%), from €536,942 to €375,597
of which Leasing and similar rights: -€159,743
- Cash -€21,818
down €21,818 (-11.9%), from €184,080 to €162,262
mainly Contributions, distributions and other (-€459,677) and Receivables within one year (-€214,409)
- Other debts +€433,057
new in 2025: €433,057
- Reserves -€386,681
down €386,681 (-43.6%), from €887,550 to €500,869
of which Distributable reserves: -€386,681
- Debts after one year -€28,292
down €28,292 (-12.6%), from €225,429 to €197,137
- Taxes +€15,024
up €15,024 (+37.7%), from €39,810 to €54,834
- Financial income +€8,437
up €8,437 (+33.6%), from €25,089 to €33,525
- Gross operating margin -€4,751
down €4,751 (-3.0%), from €157,760 to €153,009
- Financial charges +€4,459
up €4,459 (+89.2%), from €4,998 to €9,457
- Other operating charges -€3,614
down €3,614 (-60.8%), from €5,944 to €2,331
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 | €1,180,507 | €1,212,769 | +€32,262 | +2.7% |
| Fixed assets | 21/28 | €536,942 | €375,597 | -€161,346 | -30.0% |
| Tangible fixed assets | 22/27 | €536,942 | €375,597 | -€161,346 | -30.0% |
| Land and buildings | 22 | €4,983 | €4,469 | -€513 | -10.3% |
| Plant, machinery and equipment | 23 | €17,531 | €15,527 | -€2,004 | -11.4% |
| Furniture and vehicles | 24 | €1,462 | €2,377 | +€915 | +62.5% |
| Leasing and similar rights | 25 | €512,967 | €353,224 | -€159,743 | -31.1% |
| Current assets | 29/58 | €643,565 | €837,172 | +€193,607 | +30.1% |
| Amounts receivable within one year | 40/41 | €459,484 | €673,894 | +€214,409 | +46.7% |
| Trade receivables | 40 | €860 | €345 | -€515 | -59.9% |
| Other amounts receivable | 41 | €458,624 | €673,549 | +€214,924 | +46.9% |
| Cash at bank and in hand | 54/58 | €184,080 | €162,262 | -€21,818 | -11.9% |
| Deferred charges and accrued income | 490/1 | - | €1,017 | +€1,017 | |
| Total equity and liabilities | 10/49 | €1,180,507 | €1,212,769 | +€32,262 | +2.7% |
| Equity | 10/15 | €895,750 | €509,069 | -€386,681 | -43.2% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €887,550 | €500,869 | -€386,681 | -43.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €70,452 | €70,452 | = | 0.0% |
| Distributable reserves | 133 | €815,239 | €428,558 | -€386,681 | -47.4% |
| Amounts payable | 17/49 | €284,757 | €703,700 | +€418,943 | +147% |
| Amounts payable after more than one year | 17 | €225,429 | €197,137 | -€28,292 | -12.6% |
| Financial debts | 170/4 | €225,429 | €197,137 | -€28,292 | -12.6% |
| Amounts payable within one year | 42/48 | €59,328 | €506,562 | +€447,235 | +754% |
| Current portion of amounts payable after more than one year | 42 | €28,302 | €28,729 | +€427 | +1.5% |
| Trade debts | 44 | €1,761 | €3,919 | +€2,157 | +122% |
| Suppliers | 440/4 | €1,761 | €3,919 | +€2,157 | +122% |
| Taxes, remuneration and social security | 45 | €29,264 | €40,858 | +€11,594 | +39.6% |
| Taxes | 450/3 | €29,264 | €40,858 | +€11,594 | +39.6% |
| Other amounts payable | 47/48 | - | €433,057 | +€433,057 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,812 | €36,949 | +€137 | +0.4% |
| Other operating charges | 640/8 | €5,944 | €2,331 | -€3,614 | -60.8% |
| Non-recurring operating charges | 66A | - | €9,966 | +€9,966 | |
| Gross operating margin | 9900 | €157,760 | €153,009 | -€4,751 | -3.0% |
| Operating profit (loss) | 9901 | €115,004 | €103,762 | -€11,242 | -9.8% |
| Financial income | 75/76B | €25,089 | €33,525 | +€8,437 | +33.6% |
| Recurring financial income | 75 | €25,089 | €33,525 | +€8,437 | +33.6% |
| Financial charges | 65/66B | €4,998 | €9,457 | +€4,459 | +89.2% |
| Recurring financial charges | 65 | €4,998 | €9,457 | +€4,459 | +89.2% |
| Profit (loss) for the period before taxes | 9903 | €135,095 | €127,831 | -€7,264 | -5.4% |
| Income taxes | 67/77 | €39,810 | €54,834 | +€15,024 | +37.7% |
| Profit (loss) for the period | 9904 | €95,285 | €72,996 | -€22,288 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €95,285 | €72,996 | -€22,288 | -23.4% |
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 15 October 2026 via checked.be.