VetPlus BE: 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.
VetPlus BE
Largest movements
- Tangible fixed assets +€426,472
up €426,472 (+442.3%), from €96,427 to €522,899
of which Land and buildings: +€452,150
- Cash +€75,357
up €75,357 (+399.7%), from €18,854 to €94,210
mainly Debts after one year (+€374,910) and Net result for the year (+€151,654)
- Receivables within one year +€41,033
up €41,033 (+89.6%), from €45,773 to €86,807
of which Trade receivables: +€41,033
- Stocks and contracts -€29,090
down €29,090 (-20.5%), from €141,850 to €112,760
- Debts after one year +€374,910
up €374,910 (+690.1%), from €54,329 to €429,239
- Reserves +€131,654
up €131,654 (+129.4%), from €101,735 to €233,389
- Other debts +€39,869
up €39,869 (+134.3%), from €29,689 to €69,558
- Trade debts -€20,410
down €20,410 (-56.2%), from €36,299 to €15,890
- Short-term financial debts -€8,723
down €8,723 (-35.4%), from €24,628 to €15,906
of which Credit institutions: -€20,000
- Gross operating margin +€131,221
up €131,221 (+66.8%), from €196,450 to €327,671
- Taxes +€19,940
up €19,940 (+120.7%), from €16,520 to €36,460
- Financial charges +€8,136
up €8,136 (+123.0%), from €6,612 to €14,748
- Depreciation -€3,285
down €3,285 (-14.1%), from €23,370 to €20,085
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 | €307,718 | €822,369 | +€514,651 | +167.2% |
| Fixed assets | 21/28 | €96,427 | €522,899 | +€426,472 | +442.3% |
| Tangible fixed assets | 22/27 | €96,427 | €522,899 | +€426,472 | +442.3% |
| Land and buildings | 22 | - | €452,150 | +€452,150 | |
| Plant, machinery and equipment | 23 | - | €8,095 | +€8,095 | |
| Furniture and vehicles | 24 | €96,427 | €62,654 | -€33,773 | -35.0% |
| Current assets | 29/58 | €211,291 | €299,470 | +€88,179 | +41.7% |
| Stocks and contracts in progress | 3 | €141,850 | €112,760 | -€29,090 | -20.5% |
| Stocks | 30/36 | €141,850 | €112,760 | -€29,090 | -20.5% |
| Amounts receivable within one year | 40/41 | €45,773 | €86,807 | +€41,033 | +89.6% |
| Trade receivables | 40 | €45,677 | €86,710 | +€41,033 | +89.8% |
| Other amounts receivable | 41 | €97 | €97 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,854 | €94,210 | +€75,357 | +399.7% |
| Deferred charges and accrued income | 490/1 | €4,814 | €5,693 | +€879 | +18.3% |
| Total equity and liabilities | 10/49 | €307,718 | €822,369 | +€514,651 | +167.2% |
| Equity | 10/15 | €103,735 | €235,389 | +€131,654 | +126.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €101,735 | €233,389 | +€131,654 | +129.4% |
| Distributable reserves | 133 | €101,735 | €233,389 | +€131,654 | +129.4% |
| Amounts payable | 17/49 | €203,983 | €586,980 | +€382,997 | +187.8% |
| Amounts payable after more than one year | 17 | €54,329 | €429,239 | +€374,910 | +690.1% |
| Financial debts | 170/4 | €54,329 | €429,239 | +€374,910 | +690.1% |
| Amounts payable within one year | 42/48 | €148,995 | €155,671 | +€6,676 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €25,882 | €29,063 | +€3,180 | +12.3% |
| Financial debts | 43 | €24,628 | €15,906 | -€8,723 | -35.4% |
| Credit institutions | 430/8 | €20,000 | - | -€20,000 | |
| Other loans | 439 | €4,628 | €15,906 | +€11,277 | +243.7% |
| Trade debts | 44 | €36,299 | €15,890 | -€20,410 | -56.2% |
| Suppliers | 440/4 | €36,299 | €15,890 | -€20,410 | -56.2% |
| Taxes, remuneration and social security | 45 | €32,496 | €25,255 | -€7,241 | -22.3% |
| Taxes | 450/3 | €25,160 | €20,904 | -€4,256 | -16.9% |
| Remuneration and social security | 454/9 | €7,336 | €4,351 | -€2,985 | -40.7% |
| Other amounts payable | 47/48 | €29,689 | €69,558 | +€39,869 | +134.3% |
| Accrued charges and deferred income | 492/3 | €659 | €2,071 | +€1,412 | +214.2% |
| Remuneration, social security and pensions | 62 | €87,014 | €85,658 | -€1,355 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,370 | €20,085 | -€3,285 | -14.1% |
| Other operating charges | 640/8 | €9,250 | €6,311 | -€2,939 | -31.8% |
| Non-recurring operating charges | 66A | - | €12,987 | +€12,987 | |
| Gross operating margin | 9900 | €196,450 | €327,671 | +€131,221 | +66.8% |
| Operating profit (loss) | 9901 | €76,817 | €202,630 | +€125,813 | +163.8% |
| Financial income | 75/76B | €17 | €233 | +€216 | +1258.8% |
| Recurring financial income | 75 | €17 | €233 | +€216 | +1258.8% |
| Financial charges | 65/66B | €6,612 | €14,748 | +€8,136 | +123.0% |
| Recurring financial charges | 65 | €6,612 | €14,748 | +€8,136 | +123.0% |
| Profit (loss) for the period before taxes | 9903 | €70,222 | €188,114 | +€117,892 | +167.9% |
| Income taxes | 67/77 | €16,520 | €36,460 | +€19,940 | +120.7% |
| Profit (loss) for the period | 9904 | €53,701 | €151,654 | +€97,952 | +182.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,701 | €151,654 | +€97,952 | +182.4% |
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 10 October 2026 via checked.be.