CHEVIDECO: 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
CHEVIDECO
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€195,609
2024 · €653,703-€458,094
Equity
€4.1m
2024 · €3.9m+€195,609
Cash
€1.4m
2024 · €1.5m-€127,151
Balance sheet total
€6.9m
2024 · €7.2m-€367,954
Largest movements
Assets
- Stocks and contracts -€240,328
down €240,328 (-23.3%), from €1.0m to €793,191
- Tangible fixed assets -€186,179
down €186,179 (-27.4%), from €678,977 to €492,798
of which Furniture and vehicles: -€97,478
- Receivables within one year +€171,673
up €171,673 (+4.4%), from €3.9m to €4.1m
of which Trade receivables: +€156,005
- Cash -€127,151
down €127,151 (-8.2%), from €1.5m to €1.4m
mainly Short-term financial debts (-€500,000) and Receivables within one year (-€171,673)
Equity and liabilities
- Short-term financial debts -€500,000
down €500,000 (-100.0%), from €500,000 to €0
- Reserves +€195,609
up €195,609 (+5.4%), from €3.7m to €3.8m
of which Tax-exempt reserves: +€147,350
Income statement
- Goods and materials +€2.7m
up €2.7m (+8.5%), from €31.9m to €34.6m
of which Purchases: +€2.3m
- Turnover +€2.7m
up €2.7m (+7.1%), from €37.6m to €40.3m
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
€653,703
Turnover
+€2.7m
Other operating income
-€20,631
Goods and materials
-€2.7m
Services and other goods
-€187,708
Staff costs
+€3,821
Depreciation
+€2,586
Write-downs
-€166,337
Other operating charges
+€5,282
Other operating items
+€49,656
Financial income
-€62,581
Financial charges
+€37,524
Taxes
-€60,696
Result 2025
€195,609
Cash bridge derived
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
+€496,792
Investment
-€56,079
Financing
-€567,864
Cash 2024
€1.5m
From operations (derived)
+€496,792
Net result for the year
+€195,609
Depreciation
+€248,382
Stocks and contracts
+€240,328
Receivables within one year
-€171,673
Deferred charges and accrued income
-€20,155
Trade debts
-€4,098
Tax, wage and social debts
+€8,684
Other debts
-€2,915
Accrued charges and deferred income
+€2,629
Investment (derived)
-€56,079
Investment in fixed assets (net)
-€56,079
Financing
-€567,864
Debts after one year
-€40,940
Current portion of long-term debt
-€26,924
Short-term financial debts
-€500,000
Cash 2025
€1.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,248,176 | €6,880,222 | -€367,954 | -5.1% |
| Fixed assets | 21/28 | €703,490 | €511,187 | -€192,303 | -27.3% |
| Intangible fixed assets | 21 | €23,918 | €17,794 | -€6,124 | -25.6% |
| Tangible fixed assets | 22/27 | €678,977 | €492,798 | -€186,179 | -27.4% |
| Land and buildings | 22 | €289,981 | €218,976 | -€71,005 | -24.5% |
| Plant, machinery and equipment | 23 | €139,744 | €122,048 | -€17,696 | -12.7% |
| Furniture and vehicles | 24 | €249,252 | €151,775 | -€97,478 | -39.1% |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Other financial fixed assets | 284/8 | €595 | €595 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €6,544,686 | €6,369,034 | -€175,651 | -2.7% |
| Stocks and contracts in progress | 3 | €1,033,519 | €793,191 | -€240,328 | -23.3% |
| Stocks | 30/36 | €1,033,519 | €793,191 | -€240,328 | -23.3% |
| Raw materials and consumables | 30/31 | €1,033,519 | €793,191 | -€240,328 | -23.3% |
| Amounts receivable within one year | 40/41 | €3,931,262 | €4,102,936 | +€171,673 | +4.4% |
| Trade receivables | 40 | €3,848,784 | €4,004,789 | +€156,005 | +4.1% |
| Other amounts receivable | 41 | €82,478 | €98,147 | +€15,669 | +19.0% |
| Cash at bank and in hand | 54/58 | €1,546,225 | €1,419,074 | -€127,151 | -8.2% |
| Deferred charges and accrued income | 490/1 | €33,679 | €53,834 | +€20,155 | +59.8% |
| Total equity and liabilities | 10/49 | €7,248,176 | €6,880,222 | -€367,954 | -5.1% |
| Equity | 10/15 | €3,870,965 | €4,066,574 | +€195,609 | +5.1% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Capital | 10 | €220,000 | €220,000 | = | 0.0% |
| Issued capital | 100 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €3,650,965 | €3,846,574 | +€195,609 | +5.4% |
| Non-distributable reserves | 130/1 | €22,000 | €22,000 | = | 0.0% |
| Legal reserve | 130 | €22,000 | €22,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,083 | €178,433 | +€147,350 | +474.0% |
| Distributable reserves | 133 | €3,597,881 | €3,646,140 | +€48,259 | +1.3% |
| Amounts payable | 17/49 | €3,377,211 | €2,813,648 | -€563,563 | -16.7% |
| Amounts payable after more than one year | 17 | €128,754 | €87,814 | -€40,940 | -31.8% |
| Financial debts | 170/4 | €128,754 | €87,814 | -€40,940 | -31.8% |
| Credit institutions | 173 | €128,754 | €87,814 | -€40,940 | -31.8% |
| Amounts payable within one year | 42/48 | €3,243,968 | €2,718,715 | -€525,253 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €67,864 | €40,940 | -€26,924 | -39.7% |
| Financial debts | 43 | €500,000 | €0 | -€500,000 | -100.0% |
| Credit institutions | 430/8 | €500,000 | €0 | -€500,000 | -100.0% |
| Trade debts | 44 | €2,132,308 | €2,128,210 | -€4,098 | -0.2% |
| Suppliers | 440/4 | €2,132,308 | €2,128,210 | -€4,098 | -0.2% |
| Taxes, remuneration and social security | 45 | €362,470 | €371,154 | +€8,684 | +2.4% |
| Taxes | 450/3 | €48,555 | €48,879 | +€324 | +0.7% |
| Remuneration and social security | 454/9 | €313,915 | €322,275 | +€8,360 | +2.7% |
| Other amounts payable | 47/48 | €181,325 | €178,410 | -€2,915 | -1.6% |
| Accrued charges and deferred income | 492/3 | €4,489 | €7,118 | +€2,629 | +58.6% |
| Operating income | 70/76A | €38,110,868 | €40,771,889 | +€2.7m | +7.0% |
| Turnover | 70 | €37,598,633 | €40,268,285 | +€2.7m | +7.1% |
| Other operating income | 74 | €512,235 | €491,604 | -€20,631 | -4.0% |
| Non-recurring operating income | 76A | - | €12,000 | +€12,000 | |
| Operating charges | 60/66A | €37,419,878 | €40,453,240 | +€3.0m | +8.1% |
| Goods for resale, raw materials and consumables | 60 | €31,914,651 | €34,643,312 | +€2.7m | +8.5% |
| Purchases | 600/8 | €32,053,378 | €34,402,984 | +€2.3m | +7.3% |
| Change in stocks: decrease (increase) | 609 | -€138,727 | €240,328 | +€379,055 | |
| Services and other goods | 61 | €3,166,321 | €3,354,029 | +€187,708 | +5.9% |
| Remuneration, social security and pensions | 62 | €2,036,133 | €2,032,312 | -€3,821 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250,968 | €248,382 | -€2,586 | -1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €166,337 | +€166,337 | |
| Other operating charges | 640/8 | €14,149 | €8,867 | -€5,282 | -37.3% |
| Non-recurring operating charges | 66A | €37,656 | €0 | -€37,656 | -100.0% |
| Operating profit (loss) | 9901 | €690,990 | €318,649 | -€372,341 | -53.9% |
| Financial income | 75/76B | €63,570 | €989 | -€62,581 | -98.4% |
| Recurring financial income | 75 | €63,570 | €989 | -€62,581 | -98.4% |
| Income from current assets | 751 | €0 | - | = | |
| Other financial income | 752/9 | €63,570 | €989 | -€62,581 | -98.4% |
| Financial charges | 65/66B | €89,068 | €51,545 | -€37,524 | -42.1% |
| Recurring financial charges | 65 | €89,068 | €51,545 | -€37,524 | -42.1% |
| Debt charges | 650 | €11,555 | €17,148 | +€5,593 | +48.4% |
| Other financial charges | 652/9 | €77,513 | €34,397 | -€43,116 | -55.6% |
| Profit (loss) for the period before taxes | 9903 | €665,492 | €268,093 | -€397,399 | -59.7% |
| Income taxes | 67/77 | €11,788 | €72,484 | +€60,696 | +514.9% |
| Taxes | 670/3 | €11,797 | €72,484 | +€60,687 | +514.4% |
| Tax adjustments and reversals of tax provisions | 77 | €9 | €0 | -€9 | -100.0% |
| Profit (loss) for the period | 9904 | €653,703 | €195,609 | -€458,094 | -70.1% |
| Transfer to tax-exempt reserves | 689 | - | €147,350 | +€147,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €653,703 | €48,259 | -€605,444 | -92.6% |
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 10 October 2026 via checked.be.