Butchery Jef: 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.
What changed
Butchery Jef
NACE 47.221, Retail sale of meat and meat products, excluding game and poultry
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€15,892
2024 · -€13,209+€29,101
Equity
€125,130
2024 · €109,238+€15,892
Cash
€105,926
2024 · €102,268+€3,657
Balance sheet total
€765,000
2024 · €813,671-€48,671
Largest movements
Assets
- Tangible fixed assets -€99,290
down €99,290 (-18.3%), from €542,817 to €443,527
of which Other tangible fixed assets: -€66,904
- Stocks and contracts +€34,320
up €34,320 (+29.3%), from €117,110 to €151,430
- Current investments +€20,535
up €20,535 (+414%), from €4,959 to €25,495
Equity and liabilities
- Debts after one year -€104,677
down €104,677 (-25.2%), from €415,895 to €311,218
- Short-term financial debts +€25,000
new in 2025: €25,000
- Reserves +€15,892
up €15,892 (+15.4%), from €103,038 to €118,930
- Current portion of long-term debt +€10,349
up €10,349 (+8.3%), from €124,116 to €134,466
Income statement
- Gross operating margin +€31,180
up €31,180 (+7.8%), from €397,984 to €429,164
- Depreciation -€7,107
down €7,107 (-6.3%), from €113,173 to €106,066
- Staff costs +€6,634
up €6,634 (+2.4%), from €273,832 to €280,466
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.
Result 2024
-€13,209
Gross operating margin
+€31,180
Staff costs
-€6,634
Depreciation
+€7,107
Other operating charges
+€3,014
Financial income
-€321
Financial charges
-€2,917
Taxes
-€2,327
Result 2025
€15,892
raises the resultlowers the result
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.
From operations
+€100,671
Investment
-€27,686
Financing
-€69,327
Cash 2024
€102,268
From operations (derived)
+€100,671
Net result for the year
+€15,892
Depreciation
+€106,066
Stocks and contracts
-€34,320
Receivables within one year
+€1,070
Deferred charges and accrued income
+€7,198
Trade debts
+€3,518
Tax, wage and social debts
+€6,767
Advances received
+€925
Other debts
-€1,440
Accrued charges and deferred income
-€5,005
Investment (derived)
-€27,686
Investment in fixed assets (net)
-€7,151
Current investments
-€20,535
Financing
-€69,327
Debts after one year
-€104,677
Current portion of long-term debt
+€10,349
Short-term financial debts
+€25,000
Cash 2025
€105,926
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €813,671 | €765,000 | -€48,671 | -6.0% |
| Fixed assets | 21/28 | €546,025 | €447,110 | -€98,915 | -18.1% |
| Intangible fixed assets | 21 | €417 | €192 | -€225 | -53.9% |
| Tangible fixed assets | 22/27 | €542,817 | €443,527 | -€99,290 | -18.3% |
| Plant, machinery and equipment | 23 | €18,548 | €12,175 | -€6,374 | -34.4% |
| Furniture and vehicles | 24 | €36,835 | €39,460 | +€2,626 | +7.1% |
| Leasing and similar rights | 25 | €66,765 | €38,127 | -€28,638 | -42.9% |
| Other tangible fixed assets | 26 | €420,669 | €353,765 | -€66,904 | -15.9% |
| Financial fixed assets | 28 | €2,790 | €3,390 | +€600 | +21.5% |
| Current assets | 29/58 | €267,646 | €317,890 | +€50,244 | +18.8% |
| Stocks and contracts in progress | 3 | €117,110 | €151,430 | +€34,320 | +29.3% |
| Stocks | 30/36 | €117,110 | €151,430 | +€34,320 | +29.3% |
| Amounts receivable within one year | 40/41 | €33,158 | €32,088 | -€1,070 | -3.2% |
| Trade receivables | 40 | €28,918 | €26,635 | -€2,284 | -7.9% |
| Other amounts receivable | 41 | €4,240 | €5,454 | +€1,214 | +28.6% |
| Current investments | 50/53 | €4,959 | €25,495 | +€20,535 | +414% |
| Cash at bank and in hand | 54/58 | €102,268 | €105,926 | +€3,657 | +3.6% |
| Deferred charges and accrued income | 490/1 | €10,150 | €2,951 | -€7,198 | -70.9% |
| Total equity and liabilities | 10/49 | €813,671 | €765,000 | -€48,671 | -6.0% |
| Equity | 10/15 | €109,238 | €125,130 | +€15,892 | +14.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €103,038 | €118,930 | +€15,892 | +15.4% |
| Distributable reserves | 133 | €103,038 | €118,930 | +€15,892 | +15.4% |
| Amounts payable | 17/49 | €704,433 | €639,869 | -€64,563 | -9.2% |
| Amounts payable after more than one year | 17 | €415,895 | €311,218 | -€104,677 | -25.2% |
| Financial debts | 170/4 | €415,895 | €311,218 | -€104,677 | -25.2% |
| Amounts payable within one year | 42/48 | €282,715 | €327,833 | +€45,118 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €124,116 | €134,466 | +€10,349 | +8.3% |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €97,575 | €101,093 | +€3,518 | +3.6% |
| Suppliers | 440/4 | €97,575 | €101,093 | +€3,518 | +3.6% |
| Advances received on contracts in progress | 46 | €200 | €1,125 | +€925 | +463% |
| Taxes, remuneration and social security | 45 | €33,129 | €39,895 | +€6,767 | +20.4% |
| Taxes | 450/3 | €558 | €7,805 | +€7,247 | +1,298% |
| Remuneration and social security | 454/9 | €32,571 | €32,091 | -€480 | -1.5% |
| Other amounts payable | 47/48 | €27,695 | €26,254 | -€1,440 | -5.2% |
| Accrued charges and deferred income | 492/3 | €5,823 | €818 | -€5,005 | -86.0% |
| Non-recurring operating income | 76A | €42,152 | €378 | -€41,775 | -99.1% |
| Remuneration, social security and pensions | 62 | €273,832 | €280,466 | +€6,634 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,173 | €106,066 | -€7,107 | -6.3% |
| Other operating charges | 640/8 | €11,850 | €8,836 | -€3,014 | -25.4% |
| Gross operating margin | 9900 | €397,984 | €429,164 | +€31,180 | +7.8% |
| Operating profit (loss) | 9901 | -€871 | €33,796 | +€34,667 | |
| Financial income | 75/76B | €528 | €206 | -€321 | -60.9% |
| Recurring financial income | 75 | €528 | €206 | -€321 | -60.9% |
| Financial charges | 65/66B | €12,566 | €15,484 | +€2,917 | +23.2% |
| Recurring financial charges | 65 | €12,566 | €15,484 | +€2,917 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,910 | €18,519 | +€31,428 | |
| Income taxes | 67/77 | €299 | €2,626 | +€2,327 | +778% |
| Profit (loss) for the period | 9904 | -€13,209 | €15,892 | +€29,101 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,209 | €15,892 | +€29,101 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.