VETSOLUTIONS: 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.
VETSOLUTIONS
Largest movements
- Receivables within one year +€819,182
up €819,182 (+109%), from €752,317 to €1.6m
of which Trade receivables: +€814,777
- Intangible fixed assets +€471,986
up €471,986 (+206%), from €229,426 to €701,412
- Deferred charges and accrued income -€137,370
down €137,370 (-98.2%), from €139,917 to €2,548
- Cash +€56,938
up €56,938 (+41.3%), from €137,955 to €194,893
mainly Other debts (+€1.8m) and Trade debts (+€490,010)
- Tangible fixed assets +€31,426
up €31,426 (+26.2%), from €120,080 to €151,506
of which Furniture and vehicles: +€28,125
- Other debts +€1.8m
up €1.8m (+2,936%), from €59,686 to €1.8m
- Reserves -€856,643
down €856,643 (-88.7%), from €965,486 to €108,842
of which Distributable reserves: -€856,643
- Trade debts +€490,010
up €490,010 (+121%), from €406,006 to €896,016
- Current portion of long-term debt -€66,698
down €66,698 (-51.3%), from €129,900 to €63,202
- Debts after one year -€63,202
down €63,202 (-38.8%), from €162,914 to €99,712
- Gross operating margin +€298,597
up €298,597 (+73.7%), from €405,107 to €703,704
- Staff costs +€231,026
up €231,026 (+237%), from €97,649 to €328,675
- Depreciation +€58,032
up €58,032 (+171%), from €34,006 to €92,038
- Other operating charges +€37,458
up €37,458 (+1,979%), from €1,893 to €39,351
- Taxes -€7,487
down €7,487 (-10.9%), from €68,700 to €61,214
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,841,758 | €3,102,350 | +€1.3m | +68.4% |
| Fixed assets | 21/28 | €351,606 | €852,918 | +€501,312 | +143% |
| Intangible fixed assets | 21 | €229,426 | €701,412 | +€471,986 | +206% |
| Tangible fixed assets | 22/27 | €120,080 | €151,506 | +€31,426 | +26.2% |
| Plant, machinery and equipment | 23 | €8,946 | €12,247 | +€3,301 | +36.9% |
| Furniture and vehicles | 24 | €111,134 | €139,259 | +€28,125 | +25.3% |
| Financial fixed assets | 28 | €2,100 | €0 | -€2,100 | -100% |
| Current assets | 29/58 | €1,490,152 | €2,249,432 | +€759,280 | +51.0% |
| Stocks and contracts in progress | 3 | €459,962 | €480,492 | +€20,530 | +4.5% |
| Stocks | 30/36 | €459,962 | €480,492 | +€20,530 | +4.5% |
| Amounts receivable within one year | 40/41 | €752,317 | €1,571,499 | +€819,182 | +109% |
| Trade receivables | 40 | €745,104 | €1,559,881 | +€814,777 | +109% |
| Other amounts receivable | 41 | €7,213 | €11,618 | +€4,405 | +61.1% |
| Cash at bank and in hand | 54/58 | €137,955 | €194,893 | +€56,938 | +41.3% |
| Deferred charges and accrued income | 490/1 | €139,917 | €2,548 | -€137,370 | -98.2% |
| Total equity and liabilities | 10/49 | €1,841,758 | €3,102,350 | +€1.3m | +68.4% |
| Equity | 10/15 | €984,086 | €127,442 | -€856,643 | -87.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €965,486 | €108,842 | -€856,643 | -88.7% |
| Tax-exempt reserves | 132 | €108,842 | €108,842 | = | 0.0% |
| Distributable reserves | 133 | €856,643 | €0 | -€856,643 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €857,672 | €2,974,908 | +€2.1m | +247% |
| Amounts payable after more than one year | 17 | €162,914 | €99,712 | -€63,202 | -38.8% |
| Financial debts | 170/4 | €162,914 | €99,712 | -€63,202 | -38.8% |
| Amounts payable within one year | 42/48 | €686,888 | €2,868,906 | +€2.2m | +318% |
| Current portion of amounts payable after more than one year | 42 | €129,900 | €63,202 | -€66,698 | -51.3% |
| Financial debts | 43 | - | €7,583 | +€7,583 | |
| Other loans | 439 | - | €7,583 | +€7,583 | |
| Trade debts | 44 | €406,006 | €896,016 | +€490,010 | +121% |
| Suppliers | 440/4 | €406,006 | €896,016 | +€490,010 | +121% |
| Taxes, remuneration and social security | 45 | €91,296 | €89,779 | -€1,516 | -1.7% |
| Taxes | 450/3 | €45,520 | €44,402 | -€1,118 | -2.5% |
| Remuneration and social security | 454/9 | €45,776 | €45,377 | -€399 | -0.9% |
| Other amounts payable | 47/48 | €59,686 | €1,812,325 | +€1.8m | +2,936% |
| Accrued charges and deferred income | 492/3 | €7,870 | €6,290 | -€1,580 | -20.1% |
| Remuneration, social security and pensions | 62 | €97,649 | €328,675 | +€231,026 | +237% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,006 | €92,038 | +€58,032 | +171% |
| Other operating charges | 640/8 | €1,893 | €39,351 | +€37,458 | +1,979% |
| Gross operating margin | 9900 | €405,107 | €703,704 | +€298,597 | +73.7% |
| Operating profit (loss) | 9901 | €271,560 | €243,640 | -€27,919 | -10.3% |
| Financial income | 75/76B | €86 | €107 | +€21 | +24.6% |
| Recurring financial income | 75 | €86 | €107 | +€21 | +24.6% |
| Financial charges | 65/66B | €9,884 | €15,352 | +€5,468 | +55.3% |
| Recurring financial charges | 65 | €9,884 | €15,352 | +€5,468 | +55.3% |
| Profit (loss) for the period before taxes | 9903 | €261,761 | €228,395 | -€33,366 | -12.7% |
| Income taxes | 67/77 | €68,700 | €61,214 | -€7,487 | -10.9% |
| Profit (loss) for the period | 9904 | €193,061 | €167,181 | -€25,879 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €193,061 | €167,181 | -€25,879 | -13.4% |
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 22 October 2026 via checked.be.