AS MEAT: 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.
AS MEAT
Largest movements
- Cash -€39,370
down €39,370 (-65.6%), from €60,040 to €20,669
mainly Trade debts (-€29,293) and Receivables within one year (-€18,826)
- Receivables within one year +€18,826
up €18,826 (+114%), from €16,572 to €35,399
- Tangible fixed assets -€5,314
down €5,314 (-44.7%), from €11,895 to €6,581
of which Plant, machinery and equipment: -€3,380
- Trade debts -€29,293
down €29,293 (-83.7%), from €35,010 to €5,718
- Debts after one year +€17,464
up €17,464 (+116%), from €15,026 to €32,489
- Other debts -€13,304
down €13,304 (-38.8%), from €34,330 to €21,026
- Tax, wage and social debts -€10,566
down €10,566 (-50.7%), from €20,828 to €10,263
of which Taxes: -€6,159
- Current portion of long-term debt +€9,271
up €9,271 (+44.6%), from €20,779 to €30,050
- Financial charges +€7,788
up €7,788 (+177%), from €4,392 to €12,180
- Staff costs +€6,922
up €6,922, from -€1,822 to €5,100
- Other operating charges +€6,467
up €6,467 (+39.4%), from €16,408 to €22,875
- Gross operating margin +€5,813
up €5,813 (+14.4%), from €40,386 to €46,199
- Taxes -€3,847
no longer reported in 2025 (was €3,847)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €220,679 | €194,341 | -€26,337 | -11.9% |
| Fixed assets | 21/28 | €28,016 | €21,691 | -€6,325 | -22.6% |
| Tangible fixed assets | 22/27 | €11,895 | €6,581 | -€5,314 | -44.7% |
| Plant, machinery and equipment | 23 | €7,747 | €4,367 | -€3,380 | -43.6% |
| Furniture and vehicles | 24 | €4,149 | €2,214 | -€1,934 | -46.6% |
| Financial fixed assets | 28 | €16,121 | €15,109 | -€1,011 | -6.3% |
| Current assets | 29/58 | €192,663 | €172,650 | -€20,012 | -10.4% |
| Stocks and contracts in progress | 3 | €116,051 | €115,860 | -€191 | -0.2% |
| Stocks | 30/36 | €116,051 | €115,860 | -€191 | -0.2% |
| Amounts receivable within one year | 40/41 | €16,572 | €35,399 | +€18,826 | +114% |
| Trade receivables | 40 | €16,572 | €35,399 | +€18,826 | +114% |
| Cash at bank and in hand | 54/58 | €60,040 | €20,669 | -€39,370 | -65.6% |
| Deferred charges and accrued income | 490/1 | - | €722 | +€722 | |
| Total equity and liabilities | 10/49 | €220,679 | €194,341 | -€26,337 | -11.9% |
| Equity | 10/15 | €94,057 | €94,796 | +€739 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,110 | €2,110 | = | 0.0% |
| Distributable reserves | 133 | €2,110 | €2,110 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,347 | €74,086 | +€739 | +1.0% |
| Amounts payable | 17/49 | €126,622 | €99,545 | -€27,077 | -21.4% |
| Amounts payable after more than one year | 17 | €15,026 | €32,489 | +€17,464 | +116% |
| Financial debts | 170/4 | €15,026 | €32,489 | +€17,464 | +116% |
| Amounts payable within one year | 42/48 | €110,947 | €67,056 | -€43,891 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | €20,779 | €30,050 | +€9,271 | +44.6% |
| Trade debts | 44 | €35,010 | €5,718 | -€29,293 | -83.7% |
| Suppliers | 440/4 | €35,010 | €5,718 | -€29,293 | -83.7% |
| Taxes, remuneration and social security | 45 | €20,828 | €10,263 | -€10,566 | -50.7% |
| Taxes | 450/3 | €14,559 | €8,400 | -€6,159 | -42.3% |
| Remuneration and social security | 454/9 | €6,270 | €1,863 | -€4,407 | -70.3% |
| Other amounts payable | 47/48 | €34,330 | €21,026 | -€13,304 | -38.8% |
| Accrued charges and deferred income | 492/3 | €650 | - | -€650 | |
| Remuneration, social security and pensions | 62 | -€1,822 | €5,100 | +€6,922 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,734 | €5,314 | -€420 | -7.3% |
| Other operating charges | 640/8 | €16,408 | €22,875 | +€6,467 | +39.4% |
| Gross operating margin | 9900 | €40,386 | €46,199 | +€5,813 | +14.4% |
| Operating profit (loss) | 9901 | €20,066 | €12,910 | -€7,156 | -35.7% |
| Financial income | 75/76B | €292 | €9 | -€282 | -96.8% |
| Recurring financial income | 75 | €292 | €9 | -€282 | -96.8% |
| Financial charges | 65/66B | €4,392 | €12,180 | +€7,788 | +177% |
| Recurring financial charges | 65 | €4,392 | €12,180 | +€7,788 | +177% |
| Profit (loss) for the period before taxes | 9903 | €15,965 | €739 | -€15,226 | -95.4% |
| Income taxes | 67/77 | €3,847 | - | -€3,847 | |
| Profit (loss) for the period | 9904 | €12,119 | €739 | -€11,379 | -93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,119 | €739 | -€11,379 | -93.9% |
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 14 October 2026 via checked.be.