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BEEFRIEND: 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

BEEFRIEND

BE 0747.510.110
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2,056
2024 · €2,820-€764
Equity
€103,726
2024 · €101,670+€2,056
Cash
€21,596
2024 · €19,281+€2,315
Balance sheet total
€259,218
2024 · €238,047+€21,171

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€41,393

    up €41,393 (+27.5%), from €150,475 to €191,868

    of which Trade receivables: +€42,585

  • Tangible fixed assets -€15,819

    down €15,819 (-64.2%), from €24,624 to €8,805

    of which Furniture and vehicles: -€12,493

  • Stocks and contracts -€4,209

    down €4,209 (-10.7%), from €39,458 to €35,249

Equity and liabilities
  • Trade debts +€29,427

    up €29,427 (+31.7%), from €92,889 to €122,316

  • Current portion of long-term debt -€6,371

    down €6,371 (-75.0%), from €8,495 to €2,124

Income statement
  • Purchases and services +€126,950

    up €126,950 (+11.8%), from €1.1m to €1.2m

  • Turnover +€125,775

    up €125,775 (+11.5%), from €1.1m to €1.2m

From the 2024 result to the 2025 result

effect on the 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 €2,820
Gross operating margin -€1,176
Depreciation +€168
Other operating charges +€8
Financial income +€207
Financial charges -€497
Taxes +€526
Result 2025 €2,056

Cash bridge derived

cash 2024 to 2025

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 +€10,810
Investment €0
Financing -€8,495
Cash 2024 €19,281
Net result for the year +€2,056
Depreciation +€15,819
Stocks and contracts +€4,209
Receivables within one year -€41,393
Deferred charges and accrued income +€2,509
Trade debts +€29,427
Tax, wage and social debts -€1,817
Debts after one year -€2,124
Current portion of long-term debt -€6,371
Cash 2025 €21,596
Every line side by side 45 lines
Line Code 2024 2025 Change %
Total assets 20/58 €238,047 €259,218 +€21,171 +8.9%
Fixed assets 21/28 €26,324 €10,505 -€15,819 -60.1%
Tangible fixed assets 22/27 €24,624 €8,805 -€15,819 -64.2%
Plant, machinery and equipment 23 €4,201 €875 -€3,326 -79.2%
Furniture and vehicles 24 €20,423 €7,930 -€12,493 -61.2%
Financial fixed assets 28 €1,700 €1,700 = 0.0%
Current assets 29/58 €211,723 €248,713 +€36,990 +17.5%
Stocks and contracts in progress 3 €39,458 €35,249 -€4,209 -10.7%
Stocks 30/36 €39,458 €35,249 -€4,209 -10.7%
Amounts receivable within one year 40/41 €150,475 €191,868 +€41,393 +27.5%
Trade receivables 40 €149,283 €191,868 +€42,585 +28.5%
Other amounts receivable 41 €1,192 - -€1,192
Cash at bank and in hand 54/58 €19,281 €21,596 +€2,315 +12.0%
Deferred charges and accrued income 490/1 €2,509 - -€2,509
Total equity and liabilities 10/49 €238,047 €259,218 +€21,171 +8.9%
Equity 10/15 €101,670 €103,726 +€2,056 +2.0%
Contributions 10/11 €45,090 €45,090 = 0.0%
Outside capital 11 €45,090 €45,090 = 0.0%
Other 1109/19 €45,090 €45,090 = 0.0%
Reserves 13 €56,580 €58,636 +€2,056 +3.6%
Distributable reserves 133 €56,580 €58,636 +€2,056 +3.6%
Amounts payable 17/49 €136,377 €155,491 +€19,115 +14.0%
Amounts payable after more than one year 17 €2,124 - -€2,124
Financial debts 170/4 €2,124 - -€2,124
Amounts payable within one year 42/48 €134,253 €155,491 +€21,238 +15.8%
Current portion of amounts payable after more than one year 42 €8,495 €2,124 -€6,371 -75.0%
Trade debts 44 €92,889 €122,316 +€29,427 +31.7%
Suppliers 440/4 €92,889 €122,316 +€29,427 +31.7%
Taxes, remuneration and social security 45 €4,869 €3,052 -€1,817 -37.3%
Taxes 450/3 €4,869 €3,052 -€1,817 -37.3%
Other amounts payable 47/48 €28,000 €28,000 = 0.0%
Turnover 70 €1,095,945 €1,221,720 +€125,775 +11.5%
Goods, raw materials, services and sundry goods 60/61 €1,075,001 €1,201,951 +€126,950 +11.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €15,988 €15,819 -€168 -1.1%
Other operating charges 640/8 €157 €149 -€8 -5.0%
Gross operating margin 9900 €20,944 €19,769 -€1,176 -5.6%
Operating profit (loss) 9901 €4,800 €3,801 -€1,000 -20.8%
Financial income 75/76B €117 €323 +€207 +177.1%
Recurring financial income 75 €117 €323 +€207 +177.1%
Financial charges 65/66B €533 €1,030 +€497 +93.2%
Recurring financial charges 65 €533 €1,030 +€497 +93.2%
Profit (loss) for the period before taxes 9903 €4,384 €3,095 -€1,289 -29.4%
Income taxes 67/77 €1,564 €1,038 -€526 -33.6%
Profit (loss) for the period 9904 €2,820 €2,056 -€764 -27.1%
Profit (loss) for the period to be appropriated 9905 €2,820 €2,056 -€764 -27.1%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.