VETMANAGEMENT: 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.
VETMANAGEMENT
Largest movements
- Cash +€11,239
up €11,239 (+67.8%), from €16,571 to €27,810
mainly Net result for the year (+€27,602) and Other debts (+€25,837)
- Tangible fixed assets -€7,933
down €7,933 (-46.0%), from €17,240 to €9,308
- Receivables within one year -€4,084
down €4,084 (-90.7%), from €4,503 to €419
of which Other amounts receivable: -€4,325
- Other debts +€25,837
up €25,837 (+257%), from €10,050 to €35,887
- Tax, wage and social debts -€13,778
down €13,778 (-92.0%), from €14,978 to €1,200
of which Remuneration and social security: -€14,978
- Profit (loss) carried forward -€6,771
no longer reported in 2025 (was €6,771)
- Current portion of long-term debt -€6,516
no longer reported in 2025 (was €6,516)
- Accrued charges and deferred income +€507
new in 2025: €507
- Gross operating margin +€21,045
up €21,045 (+92.1%), from €22,838 to €43,883
- Taxes +€5,182
up €5,182 (+257%), from €2,020 to €7,202
- Depreciation -€555
down €555 (-6.5%), from €8,487 to €7,933
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 | €39,841 | €38,802 | -€1,038 | -2.6% |
| Fixed assets | 21/28 | €17,240 | €9,308 | -€7,933 | -46.0% |
| Tangible fixed assets | 22/27 | €17,240 | €9,308 | -€7,933 | -46.0% |
| Furniture and vehicles | 24 | €17,240 | €9,308 | -€7,933 | -46.0% |
| Current assets | 29/58 | €22,601 | €29,495 | +€6,894 | +30.5% |
| Amounts receivable within one year | 40/41 | €4,503 | €419 | -€4,084 | -90.7% |
| Trade receivables | 40 | - | €241 | +€241 | |
| Other amounts receivable | 41 | €4,503 | €178 | -€4,325 | -96.0% |
| Cash at bank and in hand | 54/58 | €16,571 | €27,810 | +€11,239 | +67.8% |
| Deferred charges and accrued income | 490/1 | €1,526 | €1,266 | -€260 | -17.1% |
| Total equity and liabilities | 10/49 | €39,841 | €38,802 | -€1,038 | -2.6% |
| Equity | 10/15 | €7,271 | €500 | -€6,771 | -93.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,771 | - | -€6,771 | |
| Amounts payable | 17/49 | €32,569 | €38,302 | +€5,733 | +17.6% |
| Amounts payable within one year | 42/48 | €32,569 | €37,795 | +€5,226 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €6,516 | - | -€6,516 | |
| Trade debts | 44 | €1,026 | €708 | -€317 | -30.9% |
| Suppliers | 440/4 | €1,026 | €708 | -€317 | -30.9% |
| Taxes, remuneration and social security | 45 | €14,978 | €1,200 | -€13,778 | -92.0% |
| Taxes | 450/3 | - | €1,200 | +€1,200 | |
| Remuneration and social security | 454/9 | €14,978 | - | -€14,978 | |
| Other amounts payable | 47/48 | €10,050 | €35,887 | +€25,837 | +257% |
| Accrued charges and deferred income | 492/3 | - | €507 | +€507 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,487 | €7,933 | -€555 | -6.5% |
| Other operating charges | 640/8 | €720 | €548 | -€172 | -23.8% |
| Gross operating margin | 9900 | €22,838 | €43,883 | +€21,045 | +92.1% |
| Operating profit (loss) | 9901 | €13,631 | €35,402 | +€21,772 | +160% |
| Financial charges | 65/66B | €206 | €598 | +€393 | +191% |
| Recurring financial charges | 65 | €206 | €598 | +€393 | +191% |
| Profit (loss) for the period before taxes | 9903 | €13,425 | €34,804 | +€21,379 | +159% |
| Income taxes | 67/77 | €2,020 | €7,202 | +€5,182 | +257% |
| Profit (loss) for the period | 9904 | €11,405 | €27,602 | +€16,197 | +142% |
| Profit (loss) for the period to be appropriated | 9905 | €11,405 | €27,602 | +€16,197 | +142% |
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 16 October 2026 via checked.be.