Apéro Cochon: 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
Apéro Cochon
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€120,678
2024 · €207,258-€86,580
Equity
€768,020
2024 · €649,650+€118,370
Cash
€11,213
2024 · €11,868-€655
Balance sheet total
€1.1m
2024 · €951,760+€171,083
Largest movements
Assets
- Receivables within one year +€223,560
up €223,560 (+77.3%), from €289,187 to €512,747
of which Trade receivables: +€227,184
- Stocks and contracts -€27,160
down €27,160 (-10.8%), from €251,229 to €224,069
- Tangible fixed assets -€12,297
down €12,297 (-3.3%), from €369,512 to €357,215
of which Land and buildings: -€37,392
Equity and liabilities
- Profit (loss) carried forward +€120,678
up €120,678 (+45.7%), from €264,164 to €384,842
- Tax, wage and social debts +€51,401
up €51,401 (+169%), from €30,489 to €81,889
of which Taxes: +€44,357
- Current portion of long-term debt -€22,029
down €22,029 (-100%), from €22,029 to €0
- Trade debts +€18,871
up €18,871 (+7.9%), from €238,367 to €257,238
Income statement
- Turnover +€225,169
up €225,169 (+14.2%), from €1.6m to €1.8m
- Goods and materials +€86,869
up €86,869 (+8.3%), from €1.0m to €1.1m
of which Purchases: +€101,879
- Taxes +€42,265
up €42,265 (+21,783%), from €194 to €42,459
- Staff costs +€37,278
up €37,278 (+20.3%), from €183,573 to €220,851
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
€207,258
Turnover
+€225,169
Other operating income
+€9,134
Goods and materials
-€86,869
Services and other goods
-€17,435
Staff costs
-€37,278
Depreciation
+€3,931
Other operating charges
+€588
Other operating items
-€139,392
Financial income
-€12,521
Financial charges
+€10,357
Taxes
-€42,265
Result 2025
€120,678
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
+€65,953
Investment
-€42,271
Financing
-€24,337
Cash 2024
€11,868
From operations (derived)
+€65,953
Net result for the year
+€120,678
Depreciation
+€62,716
Stocks and contracts
+€27,160
Receivables within one year
-€223,560
Deferred charges and accrued income
+€4,216
Trade debts
+€18,871
Tax, wage and social debts
+€51,401
Accrued charges and deferred income
+€4,471
Investment (derived)
-€42,271
Investment in fixed assets (net)
-€42,271
Financing
-€24,337
Current portion of long-term debt
-€22,029
Contributions, distributions and other
-€2,308
Cash 2025
€11,213
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €951,760 | €1,122,843 | +€171,083 | +18.0% |
| Fixed assets | 21/28 | €377,710 | €357,265 | -€20,445 | -5.4% |
| Intangible fixed assets | 21 | €8,148 | €0 | -€8,148 | -100% |
| Tangible fixed assets | 22/27 | €369,512 | €357,215 | -€12,297 | -3.3% |
| Land and buildings | 22 | €339,669 | €302,277 | -€37,392 | -11.0% |
| Plant, machinery and equipment | 23 | €29,844 | €54,938 | +€25,094 | +84.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Other financial fixed assets | 284/8 | €50 | €50 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €574,050 | €765,578 | +€191,528 | +33.4% |
| Stocks and contracts in progress | 3 | €251,229 | €224,069 | -€27,160 | -10.8% |
| Stocks | 30/36 | €251,229 | €224,069 | -€27,160 | -10.8% |
| Raw materials and consumables | 30/31 | €124,250 | €137,639 | +€13,388 | +10.8% |
| Finished goods | 33 | €126,978 | €86,430 | -€40,548 | -31.9% |
| Amounts receivable within one year | 40/41 | €289,187 | €512,747 | +€223,560 | +77.3% |
| Trade receivables | 40 | €275,517 | €502,700 | +€227,184 | +82.5% |
| Other amounts receivable | 41 | €13,670 | €10,046 | -€3,624 | -26.5% |
| Cash at bank and in hand | 54/58 | €11,868 | €11,213 | -€655 | -5.5% |
| Deferred charges and accrued income | 490/1 | €21,766 | €17,550 | -€4,216 | -19.4% |
| Total equity and liabilities | 10/49 | €951,760 | €1,122,843 | +€171,083 | +18.0% |
| Equity | 10/15 | €649,650 | €768,020 | +€118,370 | +18.2% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €333,099 | €333,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €330,000 | €330,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €264,164 | €384,842 | +€120,678 | +45.7% |
| Investment grants | 15 | €21,401 | €19,093 | -€2,308 | -10.8% |
| Amounts payable | 17/49 | €302,110 | €354,823 | +€52,713 | +17.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €290,885 | €339,128 | +€48,242 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €22,029 | €0 | -€22,029 | -100% |
| Trade debts | 44 | €238,367 | €257,238 | +€18,871 | +7.9% |
| Suppliers | 440/4 | €238,367 | €257,238 | +€18,871 | +7.9% |
| Taxes, remuneration and social security | 45 | €30,489 | €81,889 | +€51,401 | +169% |
| Taxes | 450/3 | €6,221 | €50,578 | +€44,357 | +713% |
| Remuneration and social security | 454/9 | €24,268 | €31,312 | +€7,044 | +29.0% |
| Accrued charges and deferred income | 492/3 | €11,224 | €15,695 | +€4,471 | +39.8% |
| Operating income | 70/76A | €1,862,105 | €1,957,017 | +€94,912 | +5.1% |
| Turnover | 70 | €1,584,535 | €1,809,704 | +€225,169 | +14.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €98,843 | -€40,548 | -€139,392 | |
| Other operating income | 74 | €178,727 | €187,861 | +€9,134 | +5.1% |
| Operating charges | 60/66A | €1,662,756 | €1,799,819 | +€137,063 | +8.2% |
| Goods for resale, raw materials and consumables | 60 | €1,041,901 | €1,128,770 | +€86,869 | +8.3% |
| Purchases | 600/8 | €1,040,279 | €1,142,158 | +€101,879 | +9.8% |
| Change in stocks: decrease (increase) | 609 | €1,621 | -€13,388 | -€15,009 | |
| Services and other goods | 61 | €351,621 | €369,056 | +€17,435 | +5.0% |
| Remuneration, social security and pensions | 62 | €183,573 | €220,851 | +€37,278 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,647 | €62,716 | -€3,931 | -5.9% |
| Other operating charges | 640/8 | €19,014 | €18,426 | -€588 | -3.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €199,349 | €157,198 | -€42,151 | -21.1% |
| Financial income | 75/76B | €19,856 | €7,335 | -€12,521 | -63.1% |
| Recurring financial income | 75 | €19,856 | €7,335 | -€12,521 | -63.1% |
| Income from current assets | 751 | €540 | €143 | -€397 | -73.5% |
| Other financial income | 752/9 | €19,316 | €7,192 | -€12,124 | -62.8% |
| Financial charges | 65/66B | €11,753 | €1,396 | -€10,357 | -88.1% |
| Recurring financial charges | 65 | €11,753 | €1,396 | -€10,357 | -88.1% |
| Debt charges | 650 | €997 | €82 | -€915 | -91.8% |
| Other financial charges | 652/9 | €10,756 | €1,315 | -€9,442 | -87.8% |
| Profit (loss) for the period before taxes | 9903 | €207,452 | €163,137 | -€44,315 | -21.4% |
| Transfer from deferred taxes | 780 | €0 | €0 | = | |
| Income taxes | 67/77 | €194 | €42,459 | +€42,265 | +21,783% |
| Taxes | 670/3 | €194 | €42,459 | +€42,265 | +21,783% |
| Profit (loss) for the period | 9904 | €207,258 | €120,678 | -€86,580 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €207,258 | €120,678 | -€86,580 | -41.8% |
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 25 October 2026 via checked.be.