BELGA-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.
BELGA-MEAT
Largest movements
- Receivables within one year +€273,753
up €273,753 (+32.3%), from €848,589 to €1.1m
of which Other amounts receivable: +€175,502
- Intangible fixed assets -€67,356
down €67,356 (-88.5%), from €76,068 to €8,712
- Cash +€21,745
up €21,745 (+38.0%), from €57,288 to €79,033
mainly Tax, wage and social debts (+€1.0m) and Depreciation (+€71,687)
- Deferred charges and accrued income +€16,449
up €16,449 (+37.7%), from €43,637 to €60,086
- Tax, wage and social debts +€1.0m
up €1.0m (+103%), from €994,463 to €2.0m
of which Remuneration and social security: +€1.1m
- Profit (loss) carried forward -€425,862
down €425,862 (-37.2%), from -€1.1m to -€1.6m
- Trade debts -€344,409
down €344,409 (-29.2%), from €1.2m to €834,167
- Gross operating margin +€162,898
up €162,898 (+2.4%), from €6.8m to €7.0m
- Staff costs +€121,223
up €121,223 (+1.7%), from €7.2m to €7.3m
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,056,659 | €1,304,373 | +€247,714 | +23.4% |
| Fixed assets | 21/28 | €107,144 | €42,912 | -€64,232 | -59.9% |
| Intangible fixed assets | 21 | €76,068 | €8,712 | -€67,356 | -88.5% |
| Tangible fixed assets | 22/27 | €13,280 | €17,295 | +€4,015 | +30.2% |
| Furniture and vehicles | 24 | €13,280 | €15,223 | +€1,943 | +14.6% |
| Other tangible fixed assets | 26 | - | €2,072 | +€2,072 | |
| Financial fixed assets | 28 | €17,795 | €16,905 | -€890 | -5.0% |
| Current assets | 29/58 | €949,515 | €1,261,461 | +€311,946 | +32.9% |
| Amounts receivable within one year | 40/41 | €848,589 | €1,122,342 | +€273,753 | +32.3% |
| Trade receivables | 40 | €570,006 | €668,257 | +€98,251 | +17.2% |
| Other amounts receivable | 41 | €278,583 | €454,085 | +€175,502 | +63.0% |
| Cash at bank and in hand | 54/58 | €57,288 | €79,033 | +€21,745 | +38.0% |
| Deferred charges and accrued income | 490/1 | €43,637 | €60,086 | +€16,449 | +37.7% |
| Total equity and liabilities | 10/49 | €1,056,659 | €1,304,373 | +€247,714 | +23.4% |
| Equity | 10/15 | -€1,119,781 | -€1,545,643 | -€425,862 | -38.0% |
| Contributions | 10/11 | €25,150 | €25,150 | = | 0.0% |
| Contributions outside capital | 11 | €25,150 | €25,150 | = | 0.0% |
| Other | 1109/19 | €25,150 | €25,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,144,931 | -€1,570,793 | -€425,862 | -37.2% |
| Amounts payable | 17/49 | €2,176,440 | €2,850,016 | +€673,576 | +30.9% |
| Amounts payable within one year | 42/48 | €2,174,440 | €2,850,016 | +€675,576 | +31.1% |
| Trade debts | 44 | €1,178,576 | €834,167 | -€344,409 | -29.2% |
| Suppliers | 440/4 | €1,178,576 | €834,167 | -€344,409 | -29.2% |
| Taxes, remuneration and social security | 45 | €994,463 | €2,015,848 | +€1.0m | +103% |
| Taxes | 450/3 | €280,605 | €195,406 | -€85,199 | -30.4% |
| Remuneration and social security | 454/9 | €713,859 | €1,820,442 | +€1.1m | +155% |
| Other amounts payable | 47/48 | €1,400 | €0 | -€1,400 | -100% |
| Accrued charges and deferred income | 492/3 | €2,000 | €0 | -€2,000 | -100% |
| Remuneration, social security and pensions | 62 | €7,164,570 | €7,285,794 | +€121,223 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,110 | €71,687 | -€16,423 | -18.6% |
| Other operating charges | 640/8 | €15,586 | €40,904 | +€25,318 | +162% |
| Gross operating margin | 9900 | €6,818,551 | €6,981,449 | +€162,898 | +2.4% |
| Operating profit (loss) | 9901 | -€449,715 | -€416,935 | +€32,780 | +7.3% |
| Financial income | 75/76B | €343 | €781 | +€439 | +128% |
| Recurring financial income | 75 | €343 | €781 | +€439 | +128% |
| Financial charges | 65/66B | €8,012 | €9,346 | +€1,334 | +16.7% |
| Recurring financial charges | 65 | €8,012 | €9,346 | +€1,334 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | -€457,384 | -€425,500 | +€31,884 | +7.0% |
| Income taxes | 67/77 | €299 | €386 | +€87 | +29.1% |
| Profit (loss) for the period | 9904 | -€457,683 | -€425,886 | +€31,797 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€457,683 | -€425,886 | +€31,797 | +6.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.