BELGIAN LIVESTOCK PROJECTS: what changed
What changed
BELGIAN LIVESTOCK PROJECTS
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€24,839
2024 · €52,789-€27,950
Equity
€3.5m
2024 · €3.6m-€57,023
Cash
€2.0m
2024 · €1.8m+€229,431
Balance sheet total
€3.6m
2024 · €3.7m-€39,947
Largest movements
Assets
- Tangible fixed assets -€242,482
down €242,482 (-13.3%), from €1.8m to €1.6m
of which Land and buildings: -€249,682
- Cash +€229,431
up €229,431 (+13.0%), from €1.8m to €2.0m
mainly Depreciation (+€145,973) and Investment in fixed assets (net) (+€96,509)
Equity and liabilities
- Reserves -€57,023
down €57,023 (-1.6%), from €3.5m to €3.5m
of which Distributable reserves: -€57,023
Income statement
- Gross operating margin -€22,245
down €22,245 (-11.5%), from €192,740 to €170,495
- Taxes -€10,458
down €10,458 (-50.0%), from €20,914 to €10,456
- Depreciation +€8,867
up €8,867 (+6.5%), from €137,106 to €145,973
- Financial charges +€8,460
up €8,460 (+225%), from €3,757 to €12,218
- Other operating charges -€3,567
down €3,567 (-15.0%), from €23,712 to €20,146
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€52,789
Gross operating margin
-€22,245
Depreciation
-€8,867
Other operating charges
+€3,567
Financial income
-€2,402
Financial charges
-€8,460
Taxes
+€10,458
Result 2025
€24,839
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€207,584
Investment
+€103,709
Financing
-€81,862
Cash 2024
€1.8m
From operations (derived)
+€207,584
Net result for the year
+€24,839
Depreciation
+€145,973
Receivables within one year
+€17,769
Deferred charges and accrued income
+€1,927
Trade debts
+€617
Tax, wage and social debts
-€4,141
Other debts
+€20,600
Investment (derived)
+€103,709
Investment in fixed assets (net)
+€96,509
Current investments
+€7,200
Financing
-€81,862
Contributions, distributions and other
-€81,862
Cash 2025
€2.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,671,679 | €3,631,732 | -€39,947 | -1.1% |
| Fixed assets | 21/28 | €1,828,782 | €1,586,301 | -€242,482 | -13.3% |
| Tangible fixed assets | 22/27 | €1,828,782 | €1,586,301 | -€242,482 | -13.3% |
| Land and buildings | 22 | €1,825,532 | €1,575,851 | -€249,682 | -13.7% |
| Other tangible fixed assets | 26 | €3,250 | €10,450 | +€7,200 | +222% |
| Current assets | 29/58 | €1,842,897 | €2,045,432 | +€202,535 | +11.0% |
| Stocks and contracts in progress | 3 | €19,454 | €19,454 | = | 0.0% |
| Stocks | 30/36 | €19,454 | €19,454 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,526 | €22,757 | -€17,769 | -43.8% |
| Other amounts receivable | 41 | €40,526 | €22,757 | -€17,769 | -43.8% |
| Current investments | 50/53 | €7,200 | €0 | -€7,200 | -100% |
| Cash at bank and in hand | 54/58 | €1,770,968 | €2,000,398 | +€229,431 | +13.0% |
| Deferred charges and accrued income | 490/1 | €4,749 | €2,821 | -€1,927 | -40.6% |
| Total equity and liabilities | 10/49 | €3,671,679 | €3,631,732 | -€39,947 | -1.1% |
| Equity | 10/15 | €3,599,031 | €3,542,008 | -€57,023 | -1.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,537,031 | €3,480,008 | -€57,023 | -1.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,548 | €2,548 | = | 0.0% |
| Distributable reserves | 133 | €3,528,283 | €3,471,260 | -€57,023 | -1.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €72,647 | €89,724 | +€17,077 | +23.5% |
| Amounts payable within one year | 42/48 | €72,647 | €89,724 | +€17,077 | +23.5% |
| Trade debts | 44 | €2,525 | €3,142 | +€617 | +24.4% |
| Suppliers | 440/4 | €2,525 | €3,142 | +€617 | +24.4% |
| Taxes, remuneration and social security | 45 | €9,760 | €5,620 | -€4,141 | -42.4% |
| Taxes | 450/3 | €9,760 | €5,620 | -€4,141 | -42.4% |
| Other amounts payable | 47/48 | €60,362 | €80,962 | +€20,600 | +34.1% |
| Non-recurring operating income | 76A | €9,686 | €166,256 | +€156,570 | +1,616% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,106 | €145,973 | +€8,867 | +6.5% |
| Other operating charges | 640/8 | €23,712 | €20,146 | -€3,567 | -15.0% |
| Gross operating margin | 9900 | €192,740 | €170,495 | -€22,245 | -11.5% |
| Operating profit (loss) | 9901 | €31,922 | €4,376 | -€27,545 | -86.3% |
| Financial income | 75/76B | €45,538 | €43,137 | -€2,402 | -5.3% |
| Recurring financial income | 75 | €45,538 | €43,137 | -€2,402 | -5.3% |
| Financial charges | 65/66B | €3,757 | €12,218 | +€8,460 | +225% |
| Recurring financial charges | 65 | €3,757 | €12,218 | +€8,460 | +225% |
| Profit (loss) for the period before taxes | 9903 | €73,703 | €35,295 | -€38,407 | -52.1% |
| Income taxes | 67/77 | €20,914 | €10,456 | -€10,458 | -50.0% |
| Profit (loss) for the period | 9904 | €52,789 | €24,839 | -€27,950 | -52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,789 | €24,839 | -€27,950 | -52.9% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.