ALVLEES: 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.
What changed
ALVLEES
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€195,480
2024 · €136,745+€58,736
Equity
€1.3m
2024 · €1.2m+€96,648
Cash
€582,027
2024 · €585,036-€3,010
Balance sheet total
€1.4m
2024 · €1.4m+€14,232
Largest movements
Assets
- Receivables within one year +€27,027
up €27,027 (+5.0%), from €539,846 to €566,873
of which Trade receivables: +€26,254
Equity and liabilities
- Reserves +€98,023
up €98,023 (+9.3%), from €1.0m to €1.1m
of which Distributable reserves: +€98,376
- Tax, wage and social debts -€41,633
down €41,633 (-62.7%), from €66,403 to €24,770
of which Taxes: -€45,281
- Other debts -€29,696
down €29,696 (-97.6%), from €30,438 to €742
Income statement
- Gross operating margin +€83,031
up €83,031 (+36.3%), from €228,997 to €312,028
- Taxes +€26,016
up €26,016 (+39.6%), from €65,716 to €91,732
- Other operating charges -€10,209
down €10,209 (-77.4%), from €13,189 to €2,980
- Write-downs -€7,084
down €7,084 (-100.0%), from €7,084 to €0
- Staff costs +€7,012
new in 2025: €7,012
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
€136,745
Gross operating margin
+€83,031
Staff costs
-€7,012
Depreciation
-€1,848
Write-downs
+€7,084
Other operating charges
+€10,209
Financial income
-€6,937
Financial charges
+€370
Taxes
-€26,016
Deferred taxes and other
-€146
Result 2025
€195,480
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.
From operations
+€112,174
Investment
-€15,500
Financing
-€99,684
Cash 2024
€585,036
From operations (derived)
+€112,174
Net result for the year
+€195,480
Depreciation
+€17,960
Stocks and contracts
-€3,565
Receivables within one year
-€27,027
Deferred charges and accrued income
+€10,891
Provisions
-€44
Trade debts
-€10,191
Tax, wage and social debts
-€41,633
Other debts
-€29,696
Investment (derived)
-€15,500
Investment in fixed assets (net)
-€15,500
Financing
-€99,684
Current portion of long-term debt
-€851
Contributions, distributions and other
-€98,832
Cash 2025
€582,027
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,351,640 | €1,365,872 | +€14,232 | +1.1% |
| Fixed assets | 21/28 | €39,066 | €36,606 | -€2,460 | -6.3% |
| Tangible fixed assets | 22/27 | €39,066 | €36,606 | -€2,460 | -6.3% |
| Plant, machinery and equipment | 23 | €9,736 | €23,188 | +€13,452 | +138.2% |
| Furniture and vehicles | 24 | €29,330 | €13,418 | -€15,912 | -54.3% |
| Current assets | 29/58 | €1,312,574 | €1,329,266 | +€16,691 | +1.3% |
| Stocks and contracts in progress | 3 | €174,138 | €177,702 | +€3,565 | +2.0% |
| Stocks | 30/36 | €174,138 | €177,702 | +€3,565 | +2.0% |
| Amounts receivable within one year | 40/41 | €539,846 | €566,873 | +€27,027 | +5.0% |
| Trade receivables | 40 | €382,078 | €408,332 | +€26,254 | +6.9% |
| Other amounts receivable | 41 | €157,768 | €158,541 | +€774 | +0.5% |
| Cash at bank and in hand | 54/58 | €585,036 | €582,027 | -€3,010 | -0.5% |
| Deferred charges and accrued income | 490/1 | €13,555 | €2,664 | -€10,891 | -80.3% |
| Total equity and liabilities | 10/49 | €1,351,640 | €1,365,872 | +€14,232 | +1.1% |
| Equity | 10/15 | €1,165,786 | €1,262,434 | +€96,648 | +8.3% |
| Contributions | 10/11 | €115,270 | €115,270 | = | 0.0% |
| Reserves | 13 | €1,049,141 | €1,147,164 | +€98,023 | +9.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €6,116 | €5,763 | -€353 | -5.8% |
| Distributable reserves | 133 | €1,043,024 | €1,141,400 | +€98,376 | +9.4% |
| Profit (loss) carried forward | 14 | €1,375 | €0 | -€1,375 | -100.0% |
| Provisions and deferred taxes | 16 | €44 | €0 | -€44 | -100.0% |
| Deferred taxes | 168 | €44 | €0 | -€44 | -100.0% |
| Amounts payable | 17/49 | €185,810 | €103,438 | -€82,372 | -44.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €185,555 | €103,183 | -€82,372 | -44.4% |
| Current portion of amounts payable after more than one year | 42 | €851 | €0 | -€851 | -100.0% |
| Trade debts | 44 | €87,862 | €77,671 | -€10,191 | -11.6% |
| Suppliers | 440/4 | €87,862 | €77,671 | -€10,191 | -11.6% |
| Taxes, remuneration and social security | 45 | €66,403 | €24,770 | -€41,633 | -62.7% |
| Taxes | 450/3 | €66,403 | €21,123 | -€45,281 | -68.2% |
| Remuneration and social security | 454/9 | - | €3,648 | +€3,648 | |
| Other amounts payable | 47/48 | €30,438 | €742 | -€29,696 | -97.6% |
| Accrued charges and deferred income | 492/3 | €255 | €255 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €7,012 | +€7,012 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,112 | €17,960 | +€1,848 | +11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,084 | €0 | -€7,084 | -100.0% |
| Other operating charges | 640/8 | €13,189 | €2,980 | -€10,209 | -77.4% |
| Gross operating margin | 9900 | €228,997 | €312,028 | +€83,031 | +36.3% |
| Operating profit (loss) | 9901 | €192,612 | €284,076 | +€91,464 | +47.5% |
| Financial income | 75/76B | €10,168 | €3,230 | -€6,937 | -68.2% |
| Recurring financial income | 75 | €10,168 | €3,230 | -€6,937 | -68.2% |
| Financial charges | 65/66B | €509 | €138 | -€370 | -72.8% |
| Recurring financial charges | 65 | €509 | €138 | -€370 | -72.8% |
| Profit (loss) for the period before taxes | 9903 | €202,271 | €287,168 | +€84,897 | +42.0% |
| Transfer from deferred taxes | 780 | €190 | €44 | -€146 | -76.6% |
| Income taxes | 67/77 | €65,716 | €91,732 | +€26,016 | +39.6% |
| Profit (loss) for the period | 9904 | €136,745 | €195,480 | +€58,736 | +43.0% |
| Transfer from tax-exempt reserves | 789 | €570 | €353 | -€217 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €137,315 | €195,834 | +€58,519 | +42.6% |
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 6 October 2026 via checked.be.