Veterinary Solutions: 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.
What changed
Veterinary Solutions
NACE 47.741, Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€454,827
2024 · €611,998-€157,171
Equity
€2.7m
2024 · €2.2m+€454,827
Cash
€243,964
2024 · €251,788-€7,824
Balance sheet total
€4.6m
2024 · €5.3m-€672,268
Largest movements
Assets
- Stocks and contracts -€391,423
down €391,423 (-25.7%), from €1.5m to €1.1m
- Receivables within one year -€225,205
down €225,205 (-7.7%), from €2.9m to €2.7m
of which Trade receivables: -€130,100
- Tangible fixed assets -€65,016
down €65,016 (-13.2%), from €490,693 to €425,677
of which Furniture and vehicles: -€41,145
Equity and liabilities
- Trade debts -€936,426
down €936,426 (-52.1%), from €1.8m to €860,467
- Profit (loss) carried forward +€454,827
up €454,827 (+66.6%), from €683,310 to €1.1m
- Debts after one year -€357,251
down €357,251 (-59.1%), from €604,231 to €246,980
- Tax, wage and social debts +€192,044
up €192,044 (+58.0%), from €331,030 to €523,074
of which Taxes: +€141,167
Income statement
- Staff costs +€434,965
up €434,965 (+43.5%), from €1.0m to €1.4m
- Gross operating margin +€115,157
up €115,157 (+5.7%), from €2.0m to €2.1m
- Depreciation -€70,990
down €70,990 (-40.2%), from €176,461 to €105,470
- Provisions -€60,000
down €60,000, from €30,000 to -€30,000
- Taxes +€54,099
up €54,099 (+58.5%), from €92,538 to €146,638
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.
Result 2024
€611,998
Gross operating margin
+€115,157
Staff costs
-€434,965
Depreciation
+€70,990
Write-downs
+€42,459
Provisions
+€60,000
Other operating charges
+€49,994
Financial income
-€3,028
Financial charges
-€3,679
Taxes
-€54,099
Result 2025
€454,827
raises the resultlowers the result
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.
From operations
+€385,381
Investment
-€15,785
Financing
-€377,420
Cash 2024
€251,788
From operations (derived)
+€385,381
Net result for the year
+€454,827
Depreciation
+€105,470
Stocks and contracts
+€391,423
Receivables within one year
+€225,205
Deferred charges and accrued income
-€41,869
Provisions
-€30,000
Trade debts
-€936,426
Tax, wage and social debts
+€192,044
Other debts
-€239
Accrued charges and deferred income
+€24,946
Investment (derived)
-€15,785
Investment in fixed assets (net)
-€15,785
Financing
-€377,420
Debts after one year
-€357,251
Current portion of long-term debt
-€20,168
Cash 2025
€243,964
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,257,807 | €4,585,539 | -€672,268 | -12.8% |
| Fixed assets | 21/28 | €539,891 | €450,206 | -€89,685 | -16.6% |
| Intangible fixed assets | 21 | €41,248 | €16,579 | -€24,669 | -59.8% |
| Tangible fixed assets | 22/27 | €490,693 | €425,677 | -€65,016 | -13.2% |
| Furniture and vehicles | 24 | €81,629 | €40,484 | -€41,145 | -50.4% |
| Other tangible fixed assets | 26 | €409,064 | €385,193 | -€23,872 | -5.8% |
| Financial fixed assets | 28 | €7,950 | €7,950 | = | 0.0% |
| Current assets | 29/58 | €4,717,916 | €4,135,334 | -€582,583 | -12.3% |
| Stocks and contracts in progress | 3 | €1,523,476 | €1,132,053 | -€391,423 | -25.7% |
| Stocks | 30/36 | €1,523,476 | €1,132,053 | -€391,423 | -25.7% |
| Amounts receivable within one year | 40/41 | €2,921,181 | €2,695,977 | -€225,205 | -7.7% |
| Trade receivables | 40 | €2,826,076 | €2,695,977 | -€130,100 | -4.6% |
| Other amounts receivable | 41 | €95,105 | €0 | -€95,105 | -100% |
| Cash at bank and in hand | 54/58 | €251,788 | €243,964 | -€7,824 | -3.1% |
| Deferred charges and accrued income | 490/1 | €21,471 | €63,340 | +€41,869 | +195% |
| Total equity and liabilities | 10/49 | €5,257,807 | €4,585,539 | -€672,268 | -12.8% |
| Equity | 10/15 | €2,227,199 | €2,682,026 | +€454,827 | +20.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,525,289 | €1,525,289 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,073,556 | €1,073,556 | = | 0.0% |
| Distributable reserves | 133 | €451,733 | €451,733 | = | 0.0% |
| Profit (loss) carried forward | 14 | €683,310 | €1,138,137 | +€454,827 | +66.6% |
| Provisions and deferred taxes | 16 | €30,000 | €0 | -€30,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €0 | -€30,000 | -100% |
| Other liabilities and charges | 164/5 | €30,000 | €0 | -€30,000 | -100% |
| Amounts payable | 17/49 | €3,000,608 | €1,903,513 | -€1.1m | -36.6% |
| Amounts payable after more than one year | 17 | €604,231 | €246,980 | -€357,251 | -59.1% |
| Financial debts | 170/4 | €604,231 | €246,980 | -€357,251 | -59.1% |
| Amounts payable within one year | 42/48 | €2,319,377 | €1,554,588 | -€764,790 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €33,390 | €13,221 | -€20,168 | -60.4% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €1,796,892 | €860,467 | -€936,426 | -52.1% |
| Suppliers | 440/4 | €1,796,892 | €860,467 | -€936,426 | -52.1% |
| Taxes, remuneration and social security | 45 | €331,030 | €523,074 | +€192,044 | +58.0% |
| Taxes | 450/3 | €192,547 | €333,714 | +€141,167 | +73.3% |
| Remuneration and social security | 454/9 | €138,483 | €189,360 | +€50,877 | +36.7% |
| Other amounts payable | 47/48 | €8,065 | €7,826 | -€239 | -3.0% |
| Accrued charges and deferred income | 492/3 | €77,000 | €101,946 | +€24,946 | +32.4% |
| Non-recurring operating income | 76A | €45,448 | €0 | -€45,448 | -100% |
| Remuneration, social security and pensions | 62 | €1,000,061 | €1,435,026 | +€434,965 | +43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,461 | €105,470 | -€70,990 | -40.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €37,287 | -€5,172 | -€42,459 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €30,000 | -€30,000 | -€60,000 | |
| Other operating charges | 640/8 | €51,055 | €1,060 | -€49,994 | -97.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,010,661 | €2,125,818 | +€115,157 | +5.7% |
| Operating profit (loss) | 9901 | €715,798 | €619,433 | -€96,365 | -13.5% |
| Financial income | 75/76B | €4,974 | €1,946 | -€3,028 | -60.9% |
| Recurring financial income | 75 | €4,974 | €1,946 | -€3,028 | -60.9% |
| Financial charges | 65/66B | €16,236 | €19,915 | +€3,679 | +22.7% |
| Recurring financial charges | 65 | €16,236 | €19,915 | +€3,679 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €704,536 | €601,465 | -€103,071 | -14.6% |
| Income taxes | 67/77 | €92,538 | €146,638 | +€54,099 | +58.5% |
| Profit (loss) for the period | 9904 | €611,998 | €454,827 | -€157,171 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €611,998 | €454,827 | -€157,171 | -25.7% |
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.