ABATTOIR: 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.
What changed
ABATTOIR
NACE 10.111, Manufacture of food products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €110,784+€1.6m
Equity
€28.0m
2024 · €26.5m+€1.5m
Cash
€289,026
2024 · €259,908+€29,118
Balance sheet total
€58.3m
2024 · €50.1m+€8.2m
Largest movements
Assets
- Tangible fixed assets +€5.2m
up €5.2m (+10.7%), from €48.5m to €53.7m
of which Assets under construction and advance payments: +€2.6m
- Stocks and contracts +€2.8m
up €2.8m (+23,277%), from €12,158 to €2.8m
Equity and liabilities
- Short-term financial debts +€3.7m
up €3.7m (+215%), from €1.7m to €5.4m
- Debts after one year +€1.9m
up €1.9m (+19.1%), from €9.9m to €11.7m
- Profit (loss) carried forward +€1.5m
up €1.5m (+18.3%), from €8.4m to €9.9m
- Trade debts +€979,789
up €979,789 (+29.5%), from €3.3m to €4.3m
Income statement
- Depreciation +€343,242
up €343,242 (+17.0%), from €2.0m to €2.4m
- Taxes +€309,945
up €309,945 (+223,094%), from €139 to €310,084
- Turnover +€213,182
up €213,182 (+2.7%), from €7.9m to €8.1m
- Write-downs +€108,241
up €108,241 (+141%), from €76,677 to €184,918
- Other operating charges +€100,474
up €100,474 (+8.5%), from €1.2m to €1.3m
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.
Result 2024
€110,784
Turnover
+€213,182
Other operating income
+€66,587
Goods and materials
+€7,814
Services and other goods
-€70,224
Staff costs
-€59,452
Depreciation
-€343,242
Write-downs
-€108,241
Provisions
+€38,562
Other operating charges
-€100,474
Other operating items
+€2.2m
Financial income
-€25,743
Financial charges
+€84,180
Taxes
-€309,945
Deferred taxes and other
+€25,366
Result 2025
€1.7m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.2m
Investment
-€7.6m
Financing
+€5.4m
Cash 2024
€259,908
From operations (derived)
+€2.2m
Net result for the year
+€1.7m
Depreciation
+€2.4m
Stocks and contracts
-€2.8m
Receivables within one year
+€124,122
Deferred charges and accrued income
-€201,060
Provisions
+€136,829
Trade debts
+€979,789
Tax, wage and social debts
-€266,145
Other debts
+€120,578
Accrued charges and deferred income
+€11,767
Investment (derived)
-€7.6m
Investment in fixed assets (net)
-€7.6m
Financing
+€5.4m
Debts after one year
+€1.9m
Current portion of long-term debt
+€159,791
Short-term financial debts
+€3.7m
Contributions, distributions and other
-€249,904
Cash 2025
€289,026
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,106,462 | €58,265,221 | +€8.2m | +16.3% |
| Fixed assets | 21/28 | €48,610,291 | €53,833,027 | +€5.2m | +10.7% |
| Tangible fixed assets | 22/27 | €48,522,812 | €53,715,548 | +€5.2m | +10.7% |
| Land and buildings | 22 | €19,421,984 | €21,974,110 | +€2.6m | +13.1% |
| Plant, machinery and equipment | 23 | €637,918 | €638,157 | +€239 | 0.0% |
| Furniture and vehicles | 24 | €111,924 | €143,262 | +€31,338 | +28.0% |
| Leasing and similar rights | 25 | €34,215 | €25,599 | -€8,616 | -25.2% |
| Other tangible fixed assets | 26 | €3,759 | €2,745 | -€1,014 | -27.0% |
| Assets under construction and advance payments | 27 | €28,313,011 | €30,931,675 | +€2.6m | +9.2% |
| Financial fixed assets | 28 | €87,479 | €117,479 | +€30,000 | +34.3% |
| Companies linked by participating interests | 282/3 | €60,864 | €60,864 | = | 0.0% |
| Participating interests | 282 | €60,864 | €60,864 | = | 0.0% |
| Other financial fixed assets | 284/8 | €26,615 | €56,615 | +€30,000 | +113% |
| Amounts receivable and cash guarantees | 285/8 | €26,615 | €56,615 | +€30,000 | +113% |
| Current assets | 29/58 | €1,496,171 | €4,432,194 | +€2.9m | +196% |
| Stocks and contracts in progress | 3 | €12,158 | €2,842,124 | +€2.8m | +23,277% |
| Stocks | 30/36 | €12,158 | €2,842,124 | +€2.8m | +23,277% |
| Goods purchased for resale | 34 | €12,158 | €11,552 | -€605 | -5.0% |
| Property held for sale | 35 | - | €2,830,572 | +€2.8m | |
| Amounts receivable within one year | 40/41 | €1,158,930 | €1,034,808 | -€124,122 | -10.7% |
| Trade receivables | 40 | €845,285 | €831,247 | -€14,038 | -1.7% |
| Other amounts receivable | 41 | €313,645 | €203,561 | -€110,084 | -35.1% |
| Cash at bank and in hand | 54/58 | €259,908 | €289,026 | +€29,118 | +11.2% |
| Deferred charges and accrued income | 490/1 | €65,175 | €266,235 | +€201,060 | +308% |
| Total equity and liabilities | 10/49 | €50,106,462 | €58,265,221 | +€8.2m | +16.3% |
| Equity | 10/15 | €26,526,052 | €28,012,403 | +€1.5m | +5.6% |
| Contributions | 10/11 | €3,987,362 | €3,987,362 | = | 0.0% |
| Capital | 10 | €3,750,000 | €3,750,000 | = | 0.0% |
| Issued capital | 100 | €3,750,000 | €3,750,000 | = | 0.0% |
| Contributions outside capital | 11 | €237,362 | €237,362 | = | 0.0% |
| Share premium | 1100/10 | €237,362 | €237,362 | = | 0.0% |
| Reserves | 13 | €840,704 | €920,748 | +€80,044 | +9.5% |
| Non-distributable reserves | 130/1 | €683,638 | €770,807 | +€87,169 | +12.8% |
| Legal reserve | 130 | €683,638 | €770,807 | +€87,169 | +12.8% |
| Tax-exempt reserves | 132 | €8,266 | €1,141 | -€7,125 | -86.2% |
| Distributable reserves | 133 | €148,800 | €148,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,383,061 | €9,913,573 | +€1.5m | +18.3% |
| Investment grants | 15 | €13,314,926 | €13,190,721 | -€124,205 | -0.9% |
| Provisions and deferred taxes | 16 | €5,808,503 | €5,945,332 | +€136,829 | +2.4% |
| Provisions for liabilities and charges | 160/5 | €1,367,439 | €1,548,045 | +€180,606 | +13.2% |
| Environmental obligations | 163 | €1,367,439 | €1,548,045 | +€180,606 | +13.2% |
| Deferred taxes | 168 | €4,441,064 | €4,397,287 | -€43,777 | -1.0% |
| Amounts payable | 17/49 | €17,771,907 | €24,307,486 | +€6.5m | +36.8% |
| Amounts payable after more than one year | 17 | €9,865,837 | €11,745,636 | +€1.9m | +19.1% |
| Financial debts | 170/4 | €9,865,837 | €11,745,636 | +€1.9m | +19.1% |
| Leasing and similar obligations | 172 | €22,980 | €13,646 | -€9,333 | -40.6% |
| Credit institutions | 173 | €9,842,857 | €11,731,989 | +€1.9m | +19.2% |
| Amounts payable within one year | 42/48 | €7,787,611 | €12,431,623 | +€4.6m | +59.6% |
| Current portion of amounts payable after more than one year | 42 | €1,944,388 | €2,104,179 | +€159,791 | +8.2% |
| Financial debts | 43 | €1,700,000 | €5,350,000 | +€3.7m | +215% |
| Credit institutions | 430/8 | €1,700,000 | €5,350,000 | +€3.7m | +215% |
| Trade debts | 44 | €3,319,537 | €4,299,326 | +€979,789 | +29.5% |
| Suppliers | 440/4 | €3,319,537 | €4,299,326 | +€979,789 | +29.5% |
| Taxes, remuneration and social security | 45 | €525,615 | €259,470 | -€266,145 | -50.6% |
| Taxes | 450/3 | €304,074 | €38,563 | -€265,511 | -87.3% |
| Remuneration and social security | 454/9 | €221,541 | €220,907 | -€634 | -0.3% |
| Other amounts payable | 47/48 | €298,071 | €418,649 | +€120,578 | +40.5% |
| Accrued charges and deferred income | 492/3 | €118,460 | €130,227 | +€11,767 | +9.9% |
| Operating income | 70/76A | €10,882,720 | €13,368,755 | +€2.5m | +22.8% |
| Turnover | 70 | €7,864,222 | €8,077,404 | +€213,182 | +2.7% |
| Other operating income | 74 | €2,884,805 | €2,951,392 | +€66,587 | +2.3% |
| Non-recurring operating income | 76A | €133,693 | €2,339,959 | +€2.2m | +1,650% |
| Operating charges | 60/66A | €11,068,967 | €11,703,388 | +€634,421 | +5.7% |
| Goods for resale, raw materials and consumables | 60 | €109,355 | €101,541 | -€7,814 | -7.1% |
| Purchases | 600/8 | €107,756 | €2,931,508 | +€2.8m | +2,621% |
| Change in stocks: decrease (increase) | 609 | €1,599 | -€2,829,967 | -€2.8m | |
| Services and other goods | 61 | €5,093,632 | €5,163,856 | +€70,224 | +1.4% |
| Remuneration, social security and pensions | 62 | €2,366,403 | €2,425,855 | +€59,452 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,020,058 | €2,363,300 | +€343,242 | +17.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €76,677 | €184,918 | +€108,241 | +141% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €219,168 | €180,606 | -€38,562 | -17.6% |
| Other operating charges | 640/8 | €1,182,151 | €1,282,625 | +€100,474 | +8.5% |
| Non-recurring operating charges | 66A | €1,524 | €687 | -€836 | -54.9% |
| Operating profit (loss) | 9901 | -€186,247 | €1,665,367 | +€1.9m | |
| Financial income | 75/76B | €751,676 | €725,932 | -€25,743 | -3.4% |
| Recurring financial income | 75 | €751,676 | €725,932 | -€25,743 | -3.4% |
| Other financial income | 752/9 | €751,676 | €725,932 | -€25,743 | -3.4% |
| Financial charges | 65/66B | €655,843 | €571,663 | -€84,180 | -12.8% |
| Recurring financial charges | 65 | €655,843 | €571,663 | -€84,180 | -12.8% |
| Debt charges | 650 | €630,439 | €493,152 | -€137,286 | -21.8% |
| Other financial charges | 652/9 | €25,404 | €78,510 | +€53,106 | +209% |
| Profit (loss) for the period before taxes | 9903 | -€90,414 | €1,819,636 | +€1.9m | |
| Transfer from deferred taxes | 780 | €201,337 | €226,702 | +€25,366 | +12.6% |
| Income taxes | 67/77 | €139 | €310,084 | +€309,945 | +223,094% |
| Taxes | 670/3 | €139 | €310,084 | +€309,945 | +223,094% |
| Profit (loss) for the period | 9904 | €110,784 | €1,736,255 | +€1.6m | +1,467% |
| Transfer from tax-exempt reserves | 789 | €11,052 | €7,125 | -€3,927 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €121,836 | €1,743,380 | +€1.6m | +1,331% |
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 18 October 2026 via checked.be.