VETERINARY SERVICES & LOGISTICS: what changed
VETERINARY SERVICES & LOGISTICS
Largest movements
- Cash +€265,338
up €265,338 (+37.0%), from €717,901 to €983,239
mainly Depreciation (+€214,964) and Receivables within one year (+€197,304)
- Receivables within one year -€197,304
down €197,304 (-47.3%), from €416,833 to €219,529
of which Trade receivables: -€197,584
- Tangible fixed assets -€161,874
down €161,874 (-27.5%), from €589,569 to €427,695
of which Furniture and vehicles: -€143,529
- Tax, wage and social debts -€128,153
down €128,153 (-28.0%), from €457,730 to €329,577
of which Remuneration and social security: -€75,897
- Profit (loss) carried forward +€88,856
up €88,856 (+11.9%), from €748,390 to €837,246
- Trade debts -€44,153
down €44,153 (-20.1%), from €219,867 to €175,714
- Gross operating margin -€156,646
down €156,646 (-7.2%), from €2.2m to €2.0m
- Staff costs -€111,403
down €111,403 (-6.2%), from €1.8m to €1.7m
- Other operating charges -€33,145
down €33,145 (-85.1%), from €38,967 to €5,822
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,726,003 | €1,630,963 | -€95,040 | -5.5% |
| Fixed assets | 21/28 | €590,069 | €428,195 | -€161,874 | -27.4% |
| Tangible fixed assets | 22/27 | €589,569 | €427,695 | -€161,874 | -27.5% |
| Plant, machinery and equipment | 23 | €40,805 | €22,460 | -€18,345 | -45.0% |
| Furniture and vehicles | 24 | €548,764 | €405,235 | -€143,529 | -26.2% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,135,934 | €1,202,768 | +€66,834 | +5.9% |
| Amounts receivable within one year | 40/41 | €416,833 | €219,529 | -€197,304 | -47.3% |
| Trade receivables | 40 | €415,496 | €217,912 | -€197,584 | -47.6% |
| Other amounts receivable | 41 | €1,337 | €1,617 | +€280 | +20.9% |
| Cash at bank and in hand | 54/58 | €717,901 | €983,239 | +€265,338 | +37.0% |
| Deferred charges and accrued income | 490/1 | €1,200 | - | -€1,200 | |
| Total equity and liabilities | 10/49 | €1,726,003 | €1,630,963 | -€95,040 | -5.5% |
| Equity | 10/15 | €1,023,390 | €1,112,246 | +€88,856 | +8.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €748,390 | €837,246 | +€88,856 | +11.9% |
| Amounts payable | 17/49 | €702,613 | €518,717 | -€183,896 | -26.2% |
| Amounts payable within one year | 42/48 | €677,597 | €505,291 | -€172,306 | -25.4% |
| Trade debts | 44 | €219,867 | €175,714 | -€44,153 | -20.1% |
| Suppliers | 440/4 | €219,867 | €175,714 | -€44,153 | -20.1% |
| Taxes, remuneration and social security | 45 | €457,730 | €329,577 | -€128,153 | -28.0% |
| Taxes | 450/3 | €68,851 | €16,595 | -€52,256 | -75.9% |
| Remuneration and social security | 454/9 | €388,879 | €312,982 | -€75,897 | -19.5% |
| Accrued charges and deferred income | 492/3 | €25,016 | €13,426 | -€11,590 | -46.3% |
| Remuneration, social security and pensions | 62 | €1,796,385 | €1,684,982 | -€111,403 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228,579 | €214,964 | -€13,615 | -6.0% |
| Other operating charges | 640/8 | €38,967 | €5,822 | -€33,145 | -85.1% |
| Gross operating margin | 9900 | €2,171,504 | €2,014,858 | -€156,646 | -7.2% |
| Operating profit (loss) | 9901 | €107,573 | €109,090 | +€1,517 | +1.4% |
| Financial income | 75/76B | €9,536 | €12,846 | +€3,310 | +34.7% |
| Recurring financial income | 75 | €9,536 | €12,846 | +€3,310 | +34.7% |
| Financial charges | 65/66B | €2,886 | €3,224 | +€338 | +11.7% |
| Recurring financial charges | 65 | €2,886 | €3,224 | +€338 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €114,223 | €118,712 | +€4,489 | +3.9% |
| Income taxes | 67/77 | €33,977 | €29,857 | -€4,120 | -12.1% |
| Profit (loss) for the period | 9904 | €80,246 | €88,855 | +€8,609 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €80,246 | €88,855 | +€8,609 | +10.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.