B&G 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.
B&G MEAT
Largest movements
- Cash +€87,882
up €87,882 (+56.3%), from €156,187 to €244,069
mainly Net result for the year (+€92,855) and Depreciation (+€55,313)
- Tangible fixed assets -€46,829
down €46,829 (-24.5%), from €191,379 to €144,550
of which Plant, machinery and equipment: -€34,481
- Current investments +€26,406
new in 2025: €26,406
- Receivables within one year -€6,800
down €6,800 (-24.5%), from €27,730 to €20,929
of which Trade receivables: -€4,273
- Profit (loss) carried forward +€47,766
up €47,766 (+2,388%), from €2,000 to €49,766
- Reserves +€43,423
up €43,423 (+40.5%), from €107,122 to €150,545
- Other debts -€40,565
down €40,565 (-55.0%), from €73,815 to €33,250
- Debts after one year -€11,438
down €11,438 (-11.3%), from €101,057 to €89,619
- Trade debts +€11,237
up €11,237 (+30.9%), from €36,416 to €47,653
- Gross operating margin -€147,620
down €147,620 (-27.2%), from €542,144 to €394,524
- Staff costs -€112,394
down €112,394 (-35.5%), from €316,931 to €204,536
- Taxes -€13,228
down €13,228 (-27.2%), from €48,674 to €35,447
- Depreciation -€6,443
down €6,443 (-10.4%), from €61,756 to €55,313
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 | €416,530 | €476,227 | +€59,697 | +14.3% |
| Fixed assets | 21/28 | €226,373 | €175,544 | -€50,829 | -22.5% |
| Intangible fixed assets | 21 | €34,995 | €30,995 | -€4,000 | -11.4% |
| Tangible fixed assets | 22/27 | €191,379 | €144,550 | -€46,829 | -24.5% |
| Land and buildings | 22 | €35,530 | €35,320 | -€210 | -0.6% |
| Plant, machinery and equipment | 23 | €132,351 | €97,870 | -€34,481 | -26.1% |
| Furniture and vehicles | 24 | €23,498 | €11,360 | -€12,138 | -51.7% |
| Current assets | 29/58 | €190,157 | €300,683 | +€110,525 | +58.1% |
| Stocks and contracts in progress | 3 | €4,208 | €5,484 | +€1,276 | +30.3% |
| Stocks | 30/36 | €4,208 | €5,484 | +€1,276 | +30.3% |
| Amounts receivable within one year | 40/41 | €27,730 | €20,929 | -€6,800 | -24.5% |
| Trade receivables | 40 | €8,489 | €4,216 | -€4,273 | -50.3% |
| Other amounts receivable | 41 | €19,241 | €16,713 | -€2,527 | -13.1% |
| Current investments | 50/53 | - | €26,406 | +€26,406 | |
| Cash at bank and in hand | 54/58 | €156,187 | €244,069 | +€87,882 | +56.3% |
| Deferred charges and accrued income | 490/1 | €2,032 | €3,794 | +€1,762 | +86.7% |
| Total equity and liabilities | 10/49 | €416,530 | €476,227 | +€59,697 | +14.3% |
| Equity | 10/15 | €129,122 | €220,311 | +€91,189 | +70.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €107,122 | €150,545 | +€43,423 | +40.5% |
| Distributable reserves | 133 | €107,122 | €150,545 | +€43,423 | +40.5% |
| Profit (loss) carried forward | 14 | €2,000 | €49,766 | +€47,766 | +2,388% |
| Amounts payable | 17/49 | €287,408 | €255,916 | -€31,493 | -11.0% |
| Amounts payable after more than one year | 17 | €101,057 | €89,619 | -€11,438 | -11.3% |
| Financial debts | 170/4 | €101,057 | €89,619 | -€11,438 | -11.3% |
| Amounts payable within one year | 42/48 | €185,834 | €165,751 | -€20,083 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €25,064 | €31,516 | +€6,452 | +25.7% |
| Trade debts | 44 | €36,416 | €47,653 | +€11,237 | +30.9% |
| Suppliers | 440/4 | €36,416 | €47,653 | +€11,237 | +30.9% |
| Taxes, remuneration and social security | 45 | €50,540 | €53,333 | +€2,793 | +5.5% |
| Taxes | 450/3 | €4,993 | €13,019 | +€8,026 | +161% |
| Remuneration and social security | 454/9 | €45,547 | €40,314 | -€5,233 | -11.5% |
| Other amounts payable | 47/48 | €73,815 | €33,250 | -€40,565 | -55.0% |
| Accrued charges and deferred income | 492/3 | €517 | €546 | +€28 | +5.5% |
| Remuneration, social security and pensions | 62 | €316,931 | €204,536 | -€112,394 | -35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,756 | €55,313 | -€6,443 | -10.4% |
| Other operating charges | 640/8 | €2,289 | €1,282 | -€1,007 | -44.0% |
| Gross operating margin | 9900 | €542,144 | €394,524 | -€147,620 | -27.2% |
| Operating profit (loss) | 9901 | €161,168 | €133,393 | -€27,776 | -17.2% |
| Financial income | 75/76B | €66 | €5 | -€61 | -92.6% |
| Recurring financial income | 75 | €66 | €5 | -€61 | -92.6% |
| Financial charges | 65/66B | €3,438 | €5,096 | +€1,658 | +48.2% |
| Recurring financial charges | 65 | €3,438 | €5,096 | +€1,658 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €157,796 | €128,302 | -€29,494 | -18.7% |
| Income taxes | 67/77 | €48,674 | €35,447 | -€13,228 | -27.2% |
| Profit (loss) for the period | 9904 | €109,122 | €92,855 | -€16,267 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €109,122 | €92,855 | -€16,267 | -14.9% |
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 31 October 2026 via checked.be.