BEEF WORLD: 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
BEEF WORLD
NACE 46.231, Wholesale of live animals
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€2.9m
2023 · €779,606+€2.1m
Equity
€1.2m
2023 · €1.9m-€646,117
Cash
€3.0m
2023 · €748,764+€2.3m
Balance sheet total
€9.2m
2023 · €6.4m+€2.8m
Largest movements
Assets
- Cash +€2.3m
up €2.3m (+306.6%), from €748,764 to €3.0m
mainly Other debts (+€3.6m) and Net result for the year (+€2.9m)
- Receivables within one year +€1.0m
up €1.0m (+29.1%), from €3.6m to €4.6m
of which Trade receivables: +€1.1m
- Stocks and contracts -€567,020
down €567,020 (-35.1%), from €1.6m to €1.0m
Equity and liabilities
- Other debts +€3.6m
up €3.6m (+851510.6%), from €417 to €3.6m
- Profit (loss) carried forward -€646,117
down €646,117 (-36.7%), from €1.8m to €1.1m
- Short-term financial debts -€500,000
down €500,000 (-40.0%), from €1.3m to €750,000
- Tax, wage and social debts +€399,689
up €399,689 (+319.4%), from €125,120 to €524,809
of which Taxes: +€384,320
- Debts after one year -€225,088
down €225,088 (-66.4%), from €338,939 to €113,851
Income statement
- Goods and materials -€25.1m
down €25.1m (-47.3%), from €53.0m to €27.9m
of which Purchases: -€25.8m
- Turnover -€18.0m
down €18.0m (-30.3%), from €59.4m to €41.4m
- Services and other goods +€3.9m
up €3.9m (+85.5%), from €4.6m to €8.5m
- Taxes +€833,570
up €833,570 (+385.9%), from €216,023 to €1.0m
From the 2023 result to the 2024 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 2023
€779,606
Turnover
-€18.0m
Other operating income
+€92,246
Goods and materials
+€25.1m
Services and other goods
-€3.9m
Staff costs
+€15,962
Depreciation
-€29,176
Write-downs
-€59,577
Other operating charges
-€276,778
Financial income
-€260,607
Financial charges
+€301,781
Taxes
-€833,570
Result 2024
€2.9m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€6.7m
Investment
-€153,048
Financing
-€4.2m
Cash 2023
€748,764
From operations (derived)
+€6.7m
Net result for the year
+€2.9m
Depreciation
+€180,907
Stocks and contracts
+€567,020
Receivables within one year
-€1.0m
Deferred charges and accrued income
-€15,774
Trade debts
+€91,512
Tax, wage and social debts
+€399,689
Advances received
-€5,712
Other debts
+€3.6m
Investment (derived)
-€153,048
Investment in fixed assets (net)
-€153,048
Financing
-€4.2m
Debts after one year
-€225,088
Current portion of long-term debt
+€90,915
Short-term financial debts
-€500,000
Contributions, distributions and other
-€3.6m
Cash 2024
€3.0m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,438,798 | €9,195,222 | +€2.8m | +42.8% |
| Fixed assets | 21/28 | €478,168 | €450,309 | -€27,859 | -5.8% |
| Intangible fixed assets | 21 | €382,095 | €406,059 | +€23,964 | +6.3% |
| Tangible fixed assets | 22/27 | €95,710 | €43,887 | -€51,823 | -54.1% |
| Plant, machinery and equipment | 23 | €4,154 | €3,150 | -€1,004 | -24.2% |
| Furniture and vehicles | 24 | €91,556 | €40,738 | -€50,819 | -55.5% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Other financial fixed assets | 284/8 | €363 | €363 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €5,960,630 | €8,744,913 | +€2.8m | +46.7% |
| Stocks and contracts in progress | 3 | €1,614,523 | €1,047,503 | -€567,020 | -35.1% |
| Stocks | 30/36 | €1,614,523 | €1,047,503 | -€567,020 | -35.1% |
| Raw materials and consumables | 30/31 | €60,799 | €77,216 | +€16,418 | +27.0% |
| Goods purchased for resale | 34 | €1,553,725 | €970,287 | -€583,437 | -37.6% |
| Amounts receivable within one year | 40/41 | €3,579,537 | €4,619,645 | +€1.0m | +29.1% |
| Trade receivables | 40 | €3,331,017 | €4,417,739 | +€1.1m | +32.6% |
| Other amounts receivable | 41 | €248,520 | €201,906 | -€46,614 | -18.8% |
| Cash at bank and in hand | 54/58 | €748,764 | €3,044,184 | +€2.3m | +306.6% |
| Deferred charges and accrued income | 490/1 | €17,806 | €33,580 | +€15,774 | +88.6% |
| Total equity and liabilities | 10/49 | €6,438,798 | €9,195,222 | +€2.8m | +42.8% |
| Equity | 10/15 | €1,871,795 | €1,225,678 | -€646,117 | -34.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,761,795 | €1,115,678 | -€646,117 | -36.7% |
| Amounts payable | 17/49 | €4,567,003 | €7,969,544 | +€3.4m | +74.5% |
| Amounts payable after more than one year | 17 | €338,939 | €113,851 | -€225,088 | -66.4% |
| Financial debts | 170/4 | €338,939 | €113,851 | -€225,088 | -66.4% |
| Other loans | 174 | €338,939 | €113,851 | -€225,088 | -66.4% |
| Amounts payable within one year | 42/48 | €4,228,064 | €7,855,693 | +€3.6m | +85.8% |
| Current portion of amounts payable after more than one year | 42 | €251,948 | €342,863 | +€90,915 | +36.1% |
| Financial debts | 43 | €1,250,000 | €750,000 | -€500,000 | -40.0% |
| Credit institutions | 430/8 | €1,250,000 | €750,000 | -€500,000 | -40.0% |
| Trade debts | 44 | €2,363,789 | €2,455,301 | +€91,512 | +3.9% |
| Suppliers | 440/4 | €2,363,789 | €2,455,301 | +€91,512 | +3.9% |
| Advances received on contracts in progress | 46 | €236,790 | €231,079 | -€5,712 | -2.4% |
| Taxes, remuneration and social security | 45 | €125,120 | €524,809 | +€399,689 | +319.4% |
| Taxes | 450/3 | €84,023 | €468,344 | +€384,320 | +457.4% |
| Remuneration and social security | 454/9 | €41,096 | €56,465 | +€15,369 | +37.4% |
| Other amounts payable | 47/48 | €417 | €3,551,642 | +€3.6m | +851510.6% |
| Operating income | 70/76A | €59,477,562 | €41,558,953 | -€17.9m | -30.1% |
| Turnover | 70 | €59,436,737 | €41,425,882 | -€18.0m | -30.3% |
| Other operating income | 74 | €40,825 | €133,071 | +€92,246 | +226.0% |
| Operating charges | 60/66A | €58,375,771 | €37,520,488 | -€20.9m | -35.7% |
| Goods for resale, raw materials and consumables | 60 | €53,030,570 | €27,929,623 | -€25.1m | -47.3% |
| Purchases | 600/8 | €53,164,886 | €27,362,603 | -€25.8m | -48.5% |
| Change in stocks: decrease (increase) | 609 | -€134,317 | €567,020 | +€701,337 | |
| Services and other goods | 61 | €4,557,737 | €8,453,831 | +€3.9m | +85.5% |
| Remuneration, social security and pensions | 62 | €514,705 | €498,744 | -€15,962 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,730 | €180,907 | +€29,176 | +19.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €59,577 | +€59,577 | |
| Other operating charges | 640/8 | €121,029 | €397,807 | +€276,778 | +228.7% |
| Operating profit (loss) | 9901 | €1,101,791 | €4,038,465 | +€2.9m | +266.5% |
| Financial income | 75/76B | €285,102 | €24,494 | -€260,607 | -91.4% |
| Recurring financial income | 75 | €285,102 | €24,494 | -€260,607 | -91.4% |
| Income from current assets | 751 | €6,831 | €3,406 | -€3,425 | -50.1% |
| Other financial income | 752/9 | €278,271 | €21,089 | -€257,182 | -92.4% |
| Financial charges | 65/66B | €391,263 | €89,483 | -€301,781 | -77.1% |
| Recurring financial charges | 65 | €391,263 | €89,483 | -€301,781 | -77.1% |
| Debt charges | 650 | €137,669 | €55,701 | -€81,968 | -59.5% |
| Other financial charges | 652/9 | €253,594 | €33,781 | -€219,813 | -86.7% |
| Profit (loss) for the period before taxes | 9903 | €995,629 | €3,973,477 | +€3.0m | +299.1% |
| Income taxes | 67/77 | €216,023 | €1,049,594 | +€833,570 | +385.9% |
| Taxes | 670/3 | €216,023 | €1,049,594 | +€833,570 | +385.9% |
| Profit (loss) for the period | 9904 | €779,606 | €2,923,883 | +€2.1m | +275.0% |
| Profit (loss) for the period to be appropriated | 9905 | €779,606 | €2,923,883 | +€2.1m | +275.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.