BEAUVAL: 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
BEAUVAL
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€250,455
2025 · €112,386+€138,070
Equity
€5.2m
2025 · €5.0m+€242,972
Cash
€109,004
2025 · €122,038-€13,034
Balance sheet total
€7.1m
2025 · €7.1m+€64,207
Largest movements
Assets
- Tangible fixed assets -€221,345
down €221,345 (-5.9%), from €3.7m to €3.5m
of which Plant, machinery and equipment: -€121,191
- Current investments +€138,811
up €138,811 (+21.1%), from €658,554 to €797,365
- Financial fixed assets +€131,250
up €131,250 (+7.1%), from €1.9m to €2.0m
Equity and liabilities
- Profit (loss) carried forward +€390,927
up €390,927 (+14.8%), from €2.6m to €3.0m
- Debts after one year -€170,395
down €170,395 (-13.3%), from €1.3m to €1.1m
of which Financial debts: -€130,395
- Reserves -€140,471
down €140,471 (-9.1%), from €1.5m to €1.4m
of which Tax-exempt reserves: -€140,471
Income statement
- Financial charges -€143,004
down €143,004, from €135,275 to -€7,729
- Financial income +€50,068
up €50,068 (+43.4%), from €115,245 to €165,313
- Gross operating margin -€44,160
down €44,160 (-6.2%), from €712,038 to €667,877
- Taxes +€8,486
up €8,486 (+7.9%), from €107,989 to €116,475
From the 2025 result to the 2026 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 2025
€112,386
Gross operating margin
-€44,160
Staff costs
-€4,152
Depreciation
+€3,497
Write-downs
+€526
Other operating charges
-€457
Financial income
+€50,068
Financial charges
+€143,004
Taxes
-€8,486
Deferred taxes and other
-€1,770
Result 2026
€250,455
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€488,407
Investment
-€316,300
Financing
-€185,141
Cash 2025
€122,038
From operations (derived)
+€488,407
Net result for the year
+€250,455
Depreciation
+€267,585
Receivables after one year
+€15,767
Stocks and contracts
-€5,364
Receivables within one year
-€17,569
Deferred charges and accrued income
-€21,360
Provisions
-€46,824
Trade debts
+€38,853
Tax, wage and social debts
+€9,048
Other debts
+€684
Accrued charges and deferred income
-€2,868
Investment (derived)
-€316,300
Investment in fixed assets (net)
-€177,490
Current investments
-€138,811
Financing
-€185,141
Debts after one year
-€170,395
Current portion of long-term debt
-€7,262
Contributions, distributions and other
-€7,484
Cash 2026
€109,004
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,052,162 | €7,116,369 | +€64,207 | +0.9% |
| Fixed assets | 21/28 | €5,588,097 | €5,498,002 | -€90,095 | -1.6% |
| Tangible fixed assets | 22/27 | €3,734,005 | €3,512,660 | -€221,345 | -5.9% |
| Land and buildings | 22 | €594,554 | €651,338 | +€56,784 | +9.6% |
| Plant, machinery and equipment | 23 | €612,913 | €491,722 | -€121,191 | -19.8% |
| Furniture and vehicles | 24 | €36,018 | €26,374 | -€9,644 | -26.8% |
| Other tangible fixed assets | 26 | €2,124,423 | €2,052,700 | -€71,723 | -3.4% |
| Assets under construction and advance payments | 27 | €366,097 | €290,526 | -€75,571 | -20.6% |
| Financial fixed assets | 28 | €1,854,092 | €1,985,342 | +€131,250 | +7.1% |
| Current assets | 29/58 | €1,464,066 | €1,618,368 | +€154,302 | +10.5% |
| Amounts receivable after more than one year | 29 | €21,094 | €5,326 | -€15,767 | -74.7% |
| Other amounts receivable | 291 | €21,094 | €5,326 | -€15,767 | -74.7% |
| Stocks and contracts in progress | 3 | €13,525 | €18,889 | +€5,364 | +39.7% |
| Stocks | 30/36 | €13,525 | €18,889 | +€5,364 | +39.7% |
| Amounts receivable within one year | 40/41 | €614,055 | €631,625 | +€17,569 | +2.9% |
| Trade receivables | 40 | €48,490 | €32,031 | -€16,459 | -33.9% |
| Other amounts receivable | 41 | €565,565 | €599,594 | +€34,028 | +6.0% |
| Current investments | 50/53 | €658,554 | €797,365 | +€138,811 | +21.1% |
| Cash at bank and in hand | 54/58 | €122,038 | €109,004 | -€13,034 | -10.7% |
| Deferred charges and accrued income | 490/1 | €34,799 | €56,159 | +€21,360 | +61.4% |
| Total equity and liabilities | 10/49 | €7,052,162 | €7,116,369 | +€64,207 | +0.9% |
| Equity | 10/15 | €4,997,271 | €5,240,242 | +€242,972 | +4.9% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €1,546,900 | €1,406,429 | -€140,471 | -9.1% |
| Non-distributable reserves | 130/1 | €75,000 | €75,000 | = | 0.0% |
| Legal reserve | 130 | €75,000 | €75,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,471,900 | €1,331,429 | -€140,471 | -9.5% |
| Profit (loss) carried forward | 14 | €2,640,216 | €3,031,143 | +€390,927 | +14.8% |
| Investment grants | 15 | €60,154 | €52,671 | -€7,484 | -12.4% |
| Provisions and deferred taxes | 16 | €487,800 | €440,976 | -€46,824 | -9.6% |
| Deferred taxes | 168 | €487,800 | €440,976 | -€46,824 | -9.6% |
| Amounts payable | 17/49 | €1,567,092 | €1,435,151 | -€131,941 | -8.4% |
| Amounts payable after more than one year | 17 | €1,285,231 | €1,114,836 | -€170,395 | -13.3% |
| Financial debts | 170/4 | €1,245,231 | €1,114,836 | -€130,395 | -10.5% |
| Other amounts payable | 178/9 | €40,000 | - | -€40,000 | |
| Amounts payable within one year | 42/48 | €274,819 | €316,141 | +€41,322 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €137,657 | €130,395 | -€7,262 | -5.3% |
| Trade debts | 44 | €97,425 | €136,279 | +€38,853 | +39.9% |
| Suppliers | 440/4 | €97,425 | €136,279 | +€38,853 | +39.9% |
| Taxes, remuneration and social security | 45 | €38,504 | €47,552 | +€9,048 | +23.5% |
| Taxes | 450/3 | €4,226 | - | -€4,226 | |
| Remuneration and social security | 454/9 | €34,279 | €47,552 | +€13,273 | +38.7% |
| Other amounts payable | 47/48 | €1,232 | €1,916 | +€684 | +55.5% |
| Accrued charges and deferred income | 492/3 | €7,042 | €4,174 | -€2,868 | -40.7% |
| Remuneration, social security and pensions | 62 | €269,151 | €273,303 | +€4,152 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €271,082 | €267,585 | -€3,497 | -1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€26,038 | -€26,563 | -€526 | -2.0% |
| Other operating charges | 640/8 | €6,032 | €6,489 | +€457 | +7.6% |
| Gross operating margin | 9900 | €712,038 | €667,877 | -€44,160 | -6.2% |
| Operating profit (loss) | 9901 | €191,810 | €147,064 | -€44,746 | -23.3% |
| Financial income | 75/76B | €115,245 | €165,313 | +€50,068 | +43.4% |
| Recurring financial income | 75 | €115,245 | €165,313 | +€50,068 | +43.4% |
| Financial charges | 65/66B | €135,275 | -€7,729 | -€143,004 | |
| Recurring financial charges | 65 | €135,275 | -€7,729 | -€143,004 | |
| Profit (loss) for the period before taxes | 9903 | €171,780 | €320,106 | +€148,326 | +86.3% |
| Transfer from deferred taxes | 780 | €48,594 | €46,824 | -€1,770 | -3.6% |
| Income taxes | 67/77 | €107,989 | €116,475 | +€8,486 | +7.9% |
| Profit (loss) for the period | 9904 | €112,386 | €250,455 | +€138,070 | +123% |
| Transfer from tax-exempt reserves | 789 | €145,782 | €140,471 | -€5,311 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €258,168 | €390,927 | +€132,759 | +51.4% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.