BELGIAN QUALITY FISH: 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.
BELGIAN QUALITY FISH
Largest movements
- Receivables within one year +€887,246
up €887,246 (+1,806%), from €49,135 to €936,380
of which Trade receivables: +€857,246
- Stocks and contracts -€745,726
down €745,726 (-12.2%), from €6.1m to €5.3m
- Tangible fixed assets +€153,593
up €153,593 (+11.2%), from €1.4m to €1.5m
of which Plant, machinery and equipment: +€170,307
- Trade debts +€534,132
up €534,132 (+124%), from €429,408 to €963,540
- Debts after one year -€313,703
down €313,703 (-10.4%), from €3.0m to €2.7m
- Other debts -€100,000
no longer reported in 2025 (was €100,000)
- Tax, wage and social debts +€99,750
up €99,750 (+164%), from €60,738 to €160,488
of which Taxes: +€89,797
- Other operating charges +€383,213
up €383,213 (+1,297%), from €29,553 to €412,766
- Depreciation +€71,920
up €71,920 (+23.6%), from €304,161 to €376,081
- Taxes -€71,040
down €71,040 (-64.3%), from €110,522 to €39,482
- Gross operating margin +€65,906
up €65,906 (+4.5%), from €1.5m to €1.5m
- Staff costs +€29,646
up €29,646 (+5.8%), from €511,497 to €541,143
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,586,637 | €7,839,251 | +€252,615 | +3.3% |
| Fixed assets | 21/28 | €1,376,222 | €1,529,815 | +€153,593 | +11.2% |
| Tangible fixed assets | 22/27 | €1,376,222 | €1,529,815 | +€153,593 | +11.2% |
| Plant, machinery and equipment | 23 | €958,414 | €1,128,721 | +€170,307 | +17.8% |
| Furniture and vehicles | 24 | €11,800 | €10,258 | -€1,542 | -13.1% |
| Leasing and similar rights | 25 | €11,804 | €5,246 | -€6,558 | -55.6% |
| Other tangible fixed assets | 26 | €394,203 | €385,590 | -€8,614 | -2.2% |
| Current assets | 29/58 | €6,210,415 | €6,309,436 | +€99,021 | +1.6% |
| Stocks and contracts in progress | 3 | €6,094,008 | €5,348,283 | -€745,726 | -12.2% |
| Stocks | 30/36 | €6,094,008 | €5,348,283 | -€745,726 | -12.2% |
| Amounts receivable within one year | 40/41 | €49,135 | €936,380 | +€887,246 | +1,806% |
| Trade receivables | 40 | €49,135 | €906,380 | +€857,246 | +1,745% |
| Other amounts receivable | 41 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €64,391 | €18,470 | -€45,921 | -71.3% |
| Deferred charges and accrued income | 490/1 | €2,881 | €6,303 | +€3,422 | +119% |
| Total equity and liabilities | 10/49 | €7,586,637 | €7,839,251 | +€252,615 | +3.3% |
| Equity | 10/15 | €3,040,967 | €3,073,892 | +€32,924 | +1.1% |
| Contributions | 10/11 | €2,062,000 | €2,062,000 | = | 0.0% |
| Capital | 10 | €2,062,000 | €2,062,000 | = | 0.0% |
| Issued capital | 100 | €2,062,000 | €2,062,000 | = | 0.0% |
| Reserves | 13 | €978,967 | €1,011,892 | +€32,924 | +3.4% |
| Non-distributable reserves | 130/1 | €101,550 | €103,200 | +€1,650 | +1.6% |
| Legal reserve | 130 | €101,550 | €103,200 | +€1,650 | +1.6% |
| Distributable reserves | 133 | €877,417 | €908,692 | +€31,274 | +3.6% |
| Amounts payable | 17/49 | €4,545,669 | €4,765,359 | +€219,690 | +4.8% |
| Amounts payable after more than one year | 17 | €3,016,150 | €2,702,448 | -€313,703 | -10.4% |
| Financial debts | 170/4 | €3,016,150 | €2,702,448 | -€313,703 | -10.4% |
| Amounts payable within one year | 42/48 | €1,309,463 | €1,837,731 | +€528,268 | +40.3% |
| Current portion of amounts payable after more than one year | 42 | €69,317 | €63,703 | -€5,614 | -8.1% |
| Financial debts | 43 | €650,000 | €650,000 | = | 0.0% |
| Credit institutions | 430/8 | €650,000 | €650,000 | = | 0.0% |
| Trade debts | 44 | €429,408 | €963,540 | +€534,132 | +124% |
| Suppliers | 440/4 | €429,408 | €963,540 | +€534,132 | +124% |
| Taxes, remuneration and social security | 45 | €60,738 | €160,488 | +€99,750 | +164% |
| Taxes | 450/3 | €1,038 | €90,835 | +€89,797 | +8,647% |
| Remuneration and social security | 454/9 | €59,700 | €69,653 | +€9,953 | +16.7% |
| Other amounts payable | 47/48 | €100,000 | - | -€100,000 | |
| Accrued charges and deferred income | 492/3 | €220,055 | €225,181 | +€5,126 | +2.3% |
| Non-recurring operating income | 76A | €13,082 | - | -€13,082 | |
| Remuneration, social security and pensions | 62 | €511,497 | €541,143 | +€29,646 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €304,161 | €376,081 | +€71,920 | +23.6% |
| Other operating charges | 640/8 | €29,553 | €412,766 | +€383,213 | +1,297% |
| Gross operating margin | 9900 | €1,451,050 | €1,516,955 | +€65,906 | +4.5% |
| Operating profit (loss) | 9901 | €605,839 | €186,965 | -€418,874 | -69.1% |
| Financial income | 75/76B | €3 | €30 | +€27 | +796% |
| Recurring financial income | 75 | €3 | €30 | +€27 | +796% |
| Financial charges | 65/66B | €120,920 | €114,589 | -€6,331 | -5.2% |
| Recurring financial charges | 65 | €120,920 | €114,589 | -€6,331 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €484,922 | €72,406 | -€412,516 | -85.1% |
| Income taxes | 67/77 | €110,522 | €39,482 | -€71,040 | -64.3% |
| Profit (loss) for the period | 9904 | €374,400 | €32,924 | -€341,476 | -91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €374,400 | €32,924 | -€341,476 | -91.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.