Vets Holding: 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.
Vets Holding
Largest movements
- Receivables within one year +€90,500
up €90,500 (+23.3%), from €388,664 to €479,165
of which Trade receivables: +€46,068
- Receivables after one year -€62,932
down €62,932 (-9.1%), from €688,720 to €625,788
- Cash -€43,260
down €43,260 (-40.2%), from €107,621 to €64,360
mainly Other debts (-€310,538) and Debts after one year (-€174,070)
- Other debts -€310,538
down €310,538 (-100%), from €310,538 to €0
- Trade debts +€299,992
up €299,992 (+67,567%), from €444 to €300,436
- Debts after one year -€174,070
down €174,070 (-16.7%), from €1.0m to €869,459
- Reserves +€142,889
up €142,889 (+34.0%), from €419,916 to €562,805
of which Distributable reserves: +€142,889
- Taxes +€87,121
up €87,121 (+1,765%), from €4,935 to €92,056
- Financial income -€32,880
down €32,880 (-90.3%), from €36,400 to €3,520
of which Non-recurring financial income: -€32,685
- Financial charges -€5,121
down €5,121 (-16.3%), from €31,446 to €26,325
of which Financial charges: -€5,121
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 | €2,437,446 | €2,416,976 | -€20,470 | -0.8% |
| Fixed assets | 21/28 | €1,247,466 | €1,247,466 | = | 0.0% |
| Financial fixed assets | 28 | €1,247,466 | €1,247,466 | = | 0.0% |
| Current assets | 29/58 | €1,189,980 | €1,169,510 | -€20,470 | -1.7% |
| Amounts receivable after more than one year | 29 | €688,720 | €625,788 | -€62,932 | -9.1% |
| Other amounts receivable | 291 | €688,720 | €625,788 | -€62,932 | -9.1% |
| Amounts receivable within one year | 40/41 | €388,664 | €479,165 | +€90,500 | +23.3% |
| Trade receivables | 40 | €270,000 | €316,068 | +€46,068 | +17.1% |
| Other amounts receivable | 41 | €118,664 | €163,097 | +€44,432 | +37.4% |
| Cash at bank and in hand | 54/58 | €107,621 | €64,360 | -€43,260 | -40.2% |
| Deferred charges and accrued income | 490/1 | €4,975 | €197 | -€4,778 | -96.0% |
| Total equity and liabilities | 10/49 | €2,437,446 | €2,416,976 | -€20,470 | -0.8% |
| Equity | 10/15 | €1,040,165 | €1,183,053 | +€142,889 | +13.7% |
| Contributions | 10/11 | €620,249 | €620,249 | = | 0.0% |
| Capital | 10 | €620,249 | €620,249 | = | 0.0% |
| Issued capital | 100 | €620,249 | €620,249 | = | 0.0% |
| Reserves | 13 | €419,916 | €562,805 | +€142,889 | +34.0% |
| Non-distributable reserves | 130/1 | €62,025 | €62,025 | = | 0.0% |
| Legal reserve | 130 | €62,025 | €62,025 | = | 0.0% |
| Distributable reserves | 133 | €357,891 | €500,780 | +€142,889 | +39.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,397,281 | €1,233,923 | -€163,359 | -11.7% |
| Amounts payable after more than one year | 17 | €1,043,529 | €869,459 | -€174,070 | -16.7% |
| Financial debts | 170/4 | €1,043,529 | €869,459 | -€174,070 | -16.7% |
| Amounts payable within one year | 42/48 | €353,753 | €364,464 | +€10,711 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €37,835 | €39,006 | +€1,171 | +3.1% |
| Trade debts | 44 | €444 | €300,436 | +€299,992 | +67,567% |
| Suppliers | 440/4 | €444 | €300,436 | +€299,992 | +67,567% |
| Taxes, remuneration and social security | 45 | €4,935 | €25,022 | +€20,086 | +407% |
| Taxes | 450/3 | €4,935 | €25,022 | +€20,086 | +407% |
| Other amounts payable | 47/48 | €310,538 | €0 | -€310,538 | -100% |
| Other operating charges | 640/8 | €1,075 | €1,094 | +€18 | +1.7% |
| Gross operating margin | 9900 | €313,912 | €313,217 | -€695 | -0.2% |
| Operating profit (loss) | 9901 | €312,837 | €312,123 | -€714 | -0.2% |
| Financial income | 75/76B | €36,400 | €3,520 | -€32,880 | -90.3% |
| Recurring financial income | 75 | €3,716 | €3,520 | -€195 | -5.3% |
| Non-recurring financial income | 76B | €32,685 | €0 | -€32,685 | -100% |
| Financial charges | 65/66B | €31,446 | €26,325 | -€5,121 | -16.3% |
| Recurring financial charges | 65 | €31,446 | €26,325 | -€5,121 | -16.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €317,791 | €289,318 | -€28,473 | -9.0% |
| Income taxes | 67/77 | €4,935 | €92,056 | +€87,121 | +1,765% |
| Profit (loss) for the period | 9904 | €312,856 | €197,262 | -€115,594 | -36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €312,856 | €197,262 | -€115,594 | -36.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.