Vetmedico: what changed
What changed
Vetmedico
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€297,170
2025 · €246,747+€50,423
Equity
€1.1m
2025 · €839,593+€283,670
Cash
€145,435
2025 · €274,141-€128,706
Balance sheet total
€2.2m
2025 · €2.1m+€145,315
Largest movements
Assets
- Tangible fixed assets +€286,863
up €286,863 (+19.0%), from €1.5m to €1.8m
of which Assets under construction and advance payments: +€304,328
- Cash -€128,706
down €128,706 (-46.9%), from €274,141 to €145,435
mainly Investment in fixed assets (net) (-€336,590) and Debts after one year (-€95,901)
Equity and liabilities
- Reserves +€283,670
up €283,670 (+34.0%), from €833,393 to €1.1m
- Debts after one year -€95,901
down €95,901 (-12.6%), from €758,766 to €662,865
- Other debts -€73,204
down €73,204 (-23.0%), from €318,396 to €245,192
- Tax, wage and social debts +€28,282
up €28,282 (+39.1%), from €72,382 to €100,664
of which Taxes: +€32,499
Income statement
- Gross operating margin +€139,611
up €139,611 (+22.6%), from €618,157 to €757,767
- Other operating charges +€68,521
up €68,521 (+1,799%), from €3,809 to €72,330
- Taxes +€24,615
up €24,615 (+22.8%), from €108,131 to €132,747
- Staff costs -€11,194
down €11,194 (-6.0%), from €187,691 to €176,498
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€246,747
Gross operating margin
+€139,611
Staff costs
+€11,194
Depreciation
-€1,233
Other operating charges
-€68,521
Financial income
-€1,187
Financial charges
-€4,825
Taxes
-€24,615
Result 2026
€297,170
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€317,239
Investment
-€336,590
Financing
-€109,355
Cash 2025
€274,141
From operations (derived)
+€317,239
Net result for the year
+€297,170
Depreciation
+€50,271
Receivables within one year
+€12,619
Smaller working-capital items
-€443
Tax, wage and social debts
+€28,282
Other debts
-€73,204
Accrued charges and deferred income
+€2,544
Investment (derived)
-€336,590
Investment in fixed assets (net)
-€336,590
Financing
-€109,355
Debts after one year
-€95,901
Current portion of long-term debt
+€46
Contributions, distributions and other
-€13,500
Cash 2026
€145,435
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,103,989 | €2,249,303 | +€145,315 | +6.9% |
| Fixed assets | 21/28 | €1,507,541 | €1,793,860 | +€286,318 | +19.0% |
| Intangible fixed assets | 21 | €1,043 | €498 | -€545 | -52.2% |
| Tangible fixed assets | 22/27 | €1,506,499 | €1,793,362 | +€286,863 | +19.0% |
| Land and buildings | 22 | €648,196 | €623,920 | -€24,276 | -3.7% |
| Plant, machinery and equipment | 23 | - | €23,244 | +€23,244 | |
| Furniture and vehicles | 24 | €64,762 | €53,840 | -€10,922 | -16.9% |
| Other tangible fixed assets | 26 | €547,794 | €542,284 | -€5,511 | -1.0% |
| Assets under construction and advance payments | 27 | €245,746 | €550,074 | +€304,328 | +124% |
| Current assets | 29/58 | €596,447 | €455,443 | -€141,004 | -23.6% |
| Amounts receivable after more than one year | 29 | €9,761 | €9,761 | = | 0.0% |
| Other amounts receivable | 291 | €9,761 | €9,761 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €307,397 | €294,779 | -€12,619 | -4.1% |
| Trade receivables | 40 | €292,397 | €279,779 | -€12,619 | -4.3% |
| Other amounts receivable | 41 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €274,141 | €145,435 | -€128,706 | -46.9% |
| Deferred charges and accrued income | 490/1 | €5,148 | €5,469 | +€321 | +6.2% |
| Total equity and liabilities | 10/49 | €2,103,989 | €2,249,303 | +€145,315 | +6.9% |
| Equity | 10/15 | €839,593 | €1,123,264 | +€283,670 | +33.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €833,393 | €1,117,064 | +€283,670 | +34.0% |
| Distributable reserves | 133 | €833,393 | €1,117,064 | +€283,670 | +34.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,264,395 | €1,126,040 | -€138,356 | -10.9% |
| Amounts payable after more than one year | 17 | €758,766 | €662,865 | -€95,901 | -12.6% |
| Financial debts | 170/4 | €758,766 | €662,865 | -€95,901 | -12.6% |
| Amounts payable within one year | 42/48 | €499,086 | €454,087 | -€44,999 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €97,946 | €97,992 | +€46 | 0.0% |
| Trade debts | 44 | €10,362 | €10,240 | -€122 | -1.2% |
| Suppliers | 440/4 | €10,362 | €10,240 | -€122 | -1.2% |
| Taxes, remuneration and social security | 45 | €72,382 | €100,664 | +€28,282 | +39.1% |
| Taxes | 450/3 | €33,708 | €66,207 | +€32,499 | +96.4% |
| Remuneration and social security | 454/9 | €38,674 | €34,457 | -€4,217 | -10.9% |
| Other amounts payable | 47/48 | €318,396 | €245,192 | -€73,204 | -23.0% |
| Accrued charges and deferred income | 492/3 | €6,543 | €9,088 | +€2,544 | +38.9% |
| Non-recurring operating income | 76A | - | €620 | +€620 | |
| Remuneration, social security and pensions | 62 | €187,691 | €176,498 | -€11,194 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,039 | €50,271 | +€1,233 | +2.5% |
| Other operating charges | 640/8 | €3,809 | €72,330 | +€68,521 | +1,799% |
| Gross operating margin | 9900 | €618,157 | €757,767 | +€139,611 | +22.6% |
| Operating profit (loss) | 9901 | €377,618 | €458,668 | +€81,050 | +21.5% |
| Financial income | 75/76B | €1,206 | €19 | -€1,187 | -98.4% |
| Recurring financial income | 75 | €1,206 | €19 | -€1,187 | -98.4% |
| Financial charges | 65/66B | €23,946 | €28,771 | +€4,825 | +20.1% |
| Recurring financial charges | 65 | €23,946 | €28,771 | +€4,825 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €354,878 | €429,917 | +€75,038 | +21.1% |
| Income taxes | 67/77 | €108,131 | €132,747 | +€24,615 | +22.8% |
| Profit (loss) for the period | 9904 | €246,747 | €297,170 | +€50,423 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €246,747 | €297,170 | +€50,423 | +20.4% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.