All - Meat: what changed
Two fiscal 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.
All - Meat
Largest movements
- Receivables within one year -€978,603
down €978,603 (-6.0%), from €16.2m to €15.3m
of which Other amounts receivable: -€1.1m
- Cash +€814,490
up €814,490 (+369.4%), from €220,509 to €1.0m
mainly Net result for the year (+€1.7m) and Receivables within one year (+€978,603)
- Other debts -€2.1m
down €2.1m (-98.2%), from €2.1m to €39,588
- Profit (loss) carried forward +€1.7m
up €1.7m (+9.6%), from €17.9m to €19.6m
- Financial income -€5.5m
down €5.5m (-96.1%), from €5.7m to €221,446
of which Non-recurring financial income: -€5.6m
- Gross operating margin +€275,037
up €275,037 (+13.3%), from €2.1m to €2.3m
- Taxes +€54,732
up €54,732 (+10.5%), from €522,509 to €577,241
- Financial charges -€33,277
down €33,277 (-80.6%), from €41,303 to €8,026
of which Financial charges: -€33,286
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 | €21,108,295 | €20,804,784 | -€303,510 | -1.4% |
| Fixed assets | 21/28 | €4,645,010 | €4,505,612 | -€139,398 | -3.0% |
| Tangible fixed assets | 22/27 | €4,645,010 | €4,505,612 | -€139,398 | -3.0% |
| Land and buildings | 22 | €4,261,774 | €4,146,233 | -€115,541 | -2.7% |
| Furniture and vehicles | 24 | €344 | - | -€344 | |
| Other tangible fixed assets | 26 | €382,891 | €359,379 | -€23,513 | -6.1% |
| Current assets | 29/58 | €16,463,285 | €16,299,172 | -€164,113 | -1.0% |
| Amounts receivable within one year | 40/41 | €16,242,775 | €15,264,173 | -€978,603 | -6.0% |
| Trade receivables | 40 | €331,266 | €430,767 | +€99,501 | +30.0% |
| Other amounts receivable | 41 | €15,911,509 | €14,833,405 | -€1.1m | -6.8% |
| Cash at bank and in hand | 54/58 | €220,509 | €1,034,999 | +€814,490 | +369.4% |
| Total equity and liabilities | 10/49 | €21,108,295 | €20,804,784 | -€303,510 | -1.4% |
| Equity | 10/15 | €18,787,028 | €20,509,740 | +€1.7m | +9.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €803,308 | €798,942 | -€4,366 | -0.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €788,358 | €783,992 | -€4,366 | -0.6% |
| Distributable reserves | 133 | €8,750 | €8,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,921,720 | €19,648,798 | +€1.7m | +9.6% |
| Provisions and deferred taxes | 16 | €32,976 | €31,521 | -€1,455 | -4.4% |
| Deferred taxes | 168 | €32,976 | €31,521 | -€1,455 | -4.4% |
| Amounts payable | 17/49 | €2,288,290 | €263,523 | -€2.0m | -88.5% |
| Amounts payable within one year | 42/48 | €2,288,290 | €263,523 | -€2.0m | -88.5% |
| Trade debts | 44 | €56,265 | €22,745 | -€33,521 | -59.6% |
| Suppliers | 440/4 | €56,265 | €22,745 | -€33,521 | -59.6% |
| Taxes, remuneration and social security | 45 | €86,067 | €201,191 | +€115,124 | +133.8% |
| Taxes | 450/3 | €66,732 | €181,979 | +€115,247 | +172.7% |
| Remuneration and social security | 454/9 | €19,335 | €19,212 | -€123 | -0.6% |
| Other amounts payable | 47/48 | €2,145,957 | €39,588 | -€2.1m | -98.2% |
| Non-recurring operating income | 76A | €6,142 | - | -€6,142 | |
| Remuneration, social security and pensions | 62 | €118,584 | €112,006 | -€6,579 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,583 | €139,398 | -€185 | -0.1% |
| Other operating charges | 640/8 | €7,644 | €8,463 | +€819 | +10.7% |
| Gross operating margin | 9900 | €2,069,905 | €2,344,943 | +€275,037 | +13.3% |
| Operating profit (loss) | 9901 | €1,804,094 | €2,085,076 | +€280,982 | +15.6% |
| Financial income | 75/76B | €5,678,348 | €221,446 | -€5.5m | -96.1% |
| Recurring financial income | 75 | €113,348 | €221,446 | +€108,098 | +95.4% |
| Non-recurring financial income | 76B | €5,565,000 | - | -€5.6m | |
| Financial charges | 65/66B | €41,303 | €8,026 | -€33,277 | -80.6% |
| Recurring financial charges | 65 | €41,303 | €8,017 | -€33,286 | -80.6% |
| Non-recurring financial charges | 66B | - | €9 | +€9 | |
| Profit (loss) for the period before taxes | 9903 | €7,441,140 | €2,298,496 | -€5.1m | -69.1% |
| Transfer from deferred taxes | 780 | €1,455 | €1,455 | = | 0.0% |
| Income taxes | 67/77 | €522,509 | €577,241 | +€54,732 | +10.5% |
| Profit (loss) for the period | 9904 | €6,920,086 | €1,722,711 | -€5.2m | -75.1% |
| Transfer from tax-exempt reserves | 789 | €4,366 | €4,366 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,924,452 | €1,727,077 | -€5.2m | -75.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.