ALL MEAT: what changed
What changed
ALL MEAT
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€422,577
2024 · -€204,996-€217,581
Equity
€4.4m
2024 · €4.8m-€422,577
Cash
€117,290
2024 · €37,143+€80,148
Balance sheet total
€8.3m
2024 · €7.1m+€1.3m
Largest movements
Assets
- Tangible fixed assets +€816,952
up €816,952 (+56.5%), from €1.4m to €2.3m
of which Land and buildings: +€797,990
- Financial fixed assets +€398,370
up €398,370 (+69,864%), from €570 to €398,941
- Receivables after one year -€109,035
down €109,035 (-2.5%), from €4.4m to €4.3m
- Receivables within one year +€90,869
up €90,869 (+8.0%), from €1.1m to €1.2m
of which Other amounts receivable: +€90,020
Equity and liabilities
- Debts after one year +€1.6m
up €1.6m (+75.4%), from €2.2m to €3.8m
of which Other amounts payable: +€1.1m
- Reserves -€422,577
down €422,577 (-9.1%), from €4.6m to €4.2m
Income statement
- Depreciation +€145,696
up €145,696 (+128%), from €113,876 to €259,573
- Financial income -€52,721
down €52,721 (-35.0%), from €150,507 to €97,786
- Financial charges +€20,225
up €20,225 (+183%), from €11,077 to €31,302
- Staff costs +€2,962
up €2,962 (+11.6%), from €25,513 to €28,474
- Other operating charges -€2,810
down €2,810 (-15.1%), from €18,626 to €15,816
Change in the result, 2024 to 2025
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 2024
-€204,996
Gross operating margin
+€208
Staff costs
-€2,962
Depreciation
-€145,696
Other operating charges
+€2,810
Financial income
-€52,721
Financial charges
-€20,225
Taxes
+€1,005
Result 2025
-€422,577
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€131,298
Investment
-€1.5m
Financing
+€1.7m
Cash 2024
€37,143
From operations (derived)
-€131,298
Net result for the year
-€422,577
Depreciation
+€259,573
Receivables after one year
+€109,035
Receivables within one year
-€90,869
Deferred charges and accrued income
+€23,659
Trade debts
+€4,283
Tax, wage and social debts
-€6,045
Accrued charges and deferred income
-€8,359
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.5m
Current investments
-€447
Financing
+€1.7m
Debts after one year
+€1.6m
Current portion of long-term debt
+€38,536
Cash 2025
€117,290
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,069,475 | €8,323,567 | +€1.3m | +17.7% |
| Fixed assets | 21/28 | €1,445,542 | €2,660,865 | +€1.2m | +84.1% |
| Tangible fixed assets | 22/27 | €1,444,972 | €2,261,924 | +€816,952 | +56.5% |
| Land and buildings | 22 | €1,365,056 | €2,163,046 | +€797,990 | +58.5% |
| Plant, machinery and equipment | 23 | €184 | €2,941 | +€2,757 | +1,499% |
| Furniture and vehicles | 24 | - | €40,356 | +€40,356 | |
| Leasing and similar rights | 25 | €79,732 | €55,581 | -€24,151 | -30.3% |
| Financial fixed assets | 28 | €570 | €398,941 | +€398,370 | +69,864% |
| Current assets | 29/58 | €5,623,933 | €5,662,702 | +€38,769 | +0.7% |
| Amounts receivable after more than one year | 29 | €4,413,552 | €4,304,516 | -€109,035 | -2.5% |
| Other amounts receivable | 291 | €4,413,552 | €4,304,516 | -€109,035 | -2.5% |
| Amounts receivable within one year | 40/41 | €1,135,564 | €1,226,433 | +€90,869 | +8.0% |
| Trade receivables | 40 | €438,194 | €439,043 | +€849 | +0.2% |
| Other amounts receivable | 41 | €697,369 | €787,390 | +€90,020 | +12.9% |
| Current investments | 50/53 | €1,102 | €1,549 | +€447 | +40.5% |
| Cash at bank and in hand | 54/58 | €37,143 | €117,290 | +€80,148 | +216% |
| Deferred charges and accrued income | 490/1 | €36,573 | €12,914 | -€23,659 | -64.7% |
| Total equity and liabilities | 10/49 | €7,069,475 | €8,323,567 | +€1.3m | +17.7% |
| Equity | 10/15 | €4,797,704 | €4,375,127 | -€422,577 | -8.8% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Revaluation surpluses | 12 | €37,762 | €37,762 | = | 0.0% |
| Reserves | 13 | €4,634,942 | €4,212,365 | -€422,577 | -9.1% |
| Distributable reserves | 133 | €4,634,942 | €4,212,365 | -€422,577 | -9.1% |
| Amounts payable | 17/49 | €2,271,771 | €3,948,439 | +€1.7m | +73.8% |
| Amounts payable after more than one year | 17 | €2,186,023 | €3,834,275 | +€1.6m | +75.4% |
| Financial debts | 170/4 | €114,172 | €684,710 | +€570,538 | +500% |
| Other amounts payable | 178/9 | €2,071,851 | €3,149,565 | +€1.1m | +52.0% |
| Amounts payable within one year | 42/48 | €75,714 | €112,489 | +€36,775 | +48.6% |
| Current portion of amounts payable after more than one year | 42 | €49,518 | €88,054 | +€38,536 | +77.8% |
| Trade debts | 44 | €13,519 | €17,802 | +€4,283 | +31.7% |
| Suppliers | 440/4 | €13,519 | €17,802 | +€4,283 | +31.7% |
| Taxes, remuneration and social security | 45 | €12,677 | €6,632 | -€6,045 | -47.7% |
| Taxes | 450/3 | €7,468 | €950 | -€6,518 | -87.3% |
| Remuneration and social security | 454/9 | €5,209 | €5,682 | +€473 | +9.1% |
| Accrued charges and deferred income | 492/3 | €10,034 | €1,676 | -€8,359 | -83.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €25,513 | €28,474 | +€2,962 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,876 | €259,573 | +€145,696 | +128% |
| Other operating charges | 640/8 | €18,626 | €15,816 | -€2,810 | -15.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€184,942 | -€184,735 | +€208 | +0.1% |
| Operating profit (loss) | 9901 | -€342,957 | -€488,597 | -€145,640 | -42.5% |
| Financial income | 75/76B | €150,507 | €97,786 | -€52,721 | -35.0% |
| Recurring financial income | 75 | €150,507 | €97,786 | -€52,721 | -35.0% |
| Financial charges | 65/66B | €11,077 | €31,302 | +€20,225 | +183% |
| Recurring financial charges | 65 | €11,077 | €31,302 | +€20,225 | +183% |
| Profit (loss) for the period before taxes | 9903 | -€203,528 | -€422,114 | -€218,586 | -107% |
| Income taxes | 67/77 | €1,468 | €463 | -€1,005 | -68.5% |
| Profit (loss) for the period | 9904 | -€204,996 | -€422,577 | -€217,581 | -106% |
| Profit (loss) for the period to be appropriated | 9905 | -€204,996 | -€422,577 | -€217,581 | -106% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.