VETLIFE: 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.
VETLIFE
Largest movements
- Cash +€69,719
up €69,719 (+18.5%), from €376,038 to €445,757
mainly Net result for the year (+€145,053) and Depreciation (+€95,027)
- Deferred charges and accrued income +€27,192
up €27,192 (+226.6%), from €12,000 to €39,192
- Receivables within one year +€26,397
up €26,397 (+207.5%), from €12,719 to €39,116
of which Trade receivables: +€25,105
- Tangible fixed assets +€17,963
up €17,963 (+2.5%), from €712,409 to €730,373
of which Plant, machinery and equipment: +€20,366
- Reserves +€197,870
up €197,870 (+204.3%), from €96,830 to €294,700
- Debts after one year -€64,747
down €64,747 (-12.3%), from €526,415 to €461,668
- Trade debts +€55,116
up €55,116 (+48.2%), from €114,354 to €169,470
- Profit (loss) carried forward -€52,817
down €52,817 (-33.2%), from €159,140 to €106,323
- Gross operating margin +€65,229
up €65,229 (+13.1%), from €498,361 to €563,591
- Staff costs +€38,691
up €38,691 (+18.7%), from €207,239 to €245,930
- Taxes +€15,010
up €15,010 (+31.6%), from €47,565 to €62,576
- Depreciation +€11,325
up €11,325 (+13.5%), from €83,702 to €95,027
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.
Cash bridge derived
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 | €1,189,811 | €1,333,557 | +€143,746 | +12.1% |
| Fixed assets | 21/28 | €714,797 | €732,761 | +€17,963 | +2.5% |
| Tangible fixed assets | 22/27 | €712,409 | €730,373 | +€17,963 | +2.5% |
| Land and buildings | 22 | €567,712 | €570,158 | +€2,446 | +0.4% |
| Plant, machinery and equipment | 23 | €116,005 | €136,371 | +€20,366 | +17.6% |
| Furniture and vehicles | 24 | €28,692 | €23,843 | -€4,850 | -16.9% |
| Financial fixed assets | 28 | €2,388 | €2,388 | = | 0.0% |
| Current assets | 29/58 | €475,014 | €600,797 | +€125,783 | +26.5% |
| Stocks and contracts in progress | 3 | €74,257 | €76,732 | +€2,476 | +3.3% |
| Stocks | 30/36 | €74,257 | €76,732 | +€2,476 | +3.3% |
| Amounts receivable within one year | 40/41 | €12,719 | €39,116 | +€26,397 | +207.5% |
| Trade receivables | 40 | €4,586 | €29,691 | +€25,105 | +547.4% |
| Other amounts receivable | 41 | €8,133 | €9,424 | +€1,292 | +15.9% |
| Cash at bank and in hand | 54/58 | €376,038 | €445,757 | +€69,719 | +18.5% |
| Deferred charges and accrued income | 490/1 | €12,000 | €39,192 | +€27,192 | +226.6% |
| Total equity and liabilities | 10/49 | €1,189,811 | €1,333,557 | +€143,746 | +12.1% |
| Equity | 10/15 | €315,970 | €461,023 | +€145,053 | +45.9% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €96,830 | €294,700 | +€197,870 | +204.3% |
| Tax-exempt reserves | 132 | €96,830 | €294,700 | +€197,870 | +204.3% |
| Profit (loss) carried forward | 14 | €159,140 | €106,323 | -€52,817 | -33.2% |
| Amounts payable | 17/49 | €873,840 | €872,534 | -€1,307 | -0.1% |
| Amounts payable after more than one year | 17 | €526,415 | €461,668 | -€64,747 | -12.3% |
| Financial debts | 170/4 | €526,415 | €461,668 | -€64,747 | -12.3% |
| Amounts payable within one year | 42/48 | €347,426 | €410,866 | +€63,440 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €65,918 | €64,747 | -€1,171 | -1.8% |
| Trade debts | 44 | €114,354 | €169,470 | +€55,116 | +48.2% |
| Suppliers | 440/4 | €114,354 | €169,470 | +€55,116 | +48.2% |
| Taxes, remuneration and social security | 45 | €73,274 | €78,442 | +€5,168 | +7.1% |
| Taxes | 450/3 | €42,763 | €47,483 | +€4,720 | +11.0% |
| Remuneration and social security | 454/9 | €30,511 | €30,959 | +€449 | +1.5% |
| Other amounts payable | 47/48 | €93,881 | €98,207 | +€4,326 | +4.6% |
| Remuneration, social security and pensions | 62 | €207,239 | €245,930 | +€38,691 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,702 | €95,027 | +€11,325 | +13.5% |
| Other operating charges | 640/8 | €6,949 | €6,801 | -€149 | -2.1% |
| Gross operating margin | 9900 | €498,361 | €563,591 | +€65,229 | +13.1% |
| Operating profit (loss) | 9901 | €200,470 | €215,833 | +€15,362 | +7.7% |
| Financial income | 75/76B | €0 | €4,429 | +€4,428 | +1107095.0% |
| Recurring financial income | 75 | €0 | €4,429 | +€4,428 | +1107095.0% |
| Financial charges | 65/66B | €17,374 | €12,633 | -€4,741 | -27.3% |
| Recurring financial charges | 65 | €17,374 | €12,633 | -€4,741 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €183,097 | €207,629 | +€24,531 | +13.4% |
| Income taxes | 67/77 | €47,565 | €62,576 | +€15,010 | +31.6% |
| Profit (loss) for the period | 9904 | €135,532 | €145,053 | +€9,521 | +7.0% |
| Transfer to tax-exempt reserves | 689 | - | €197,870 | +€197,870 | |
| Profit (loss) for the period to be appropriated | 9905 | €135,532 | -€52,817 | -€188,349 |
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 12 October 2026 via checked.be.