DAVY GEUSENS: what changed
What changed
DAVY GEUSENS
NACE 47.221, Retail sale of meat and meat products, excluding game and poultry
filed annual accounts (NBB)
Net result for the year
€34,302
2024 · €66,551-€32,250
Equity
€163,470
2024 · €186,138-€22,668
Cash
€159,415
2024 · €150,973+€8,442
Balance sheet total
€546,728
2024 · €599,086-€52,358
Largest movements
Assets
- Tangible fixed assets -€42,143
down €42,143 (-10.6%), from €398,005 to €355,862
of which Plant, machinery and equipment: -€29,040
- Cash +€8,442
up €8,442 (+5.6%), from €150,973 to €159,415
mainly Depreciation (+€42,143) and Net result for the year (+€34,302)
- Stocks and contracts -€7,693
down €7,693 (-26.5%), from €28,981 to €21,287
- Receivables within one year -€7,635
down €7,635 (-62.4%), from €12,227 to €4,592
of which Trade receivables: -€7,496
Equity and liabilities
- Debts after one year -€31,678
down €31,678 (-13.2%), from €239,649 to €207,971
- Reserves -€22,668
down €22,668 (-13.5%), from €167,538 to €144,870
of which Distributable reserves: -€22,668
Income statement
- Gross operating margin -€50,948
down €50,948 (-15.9%), from €319,479 to €268,531
- Taxes -€8,151
down €8,151 (-47.6%), from €17,122 to €8,970
- Staff costs -€8,016
down €8,016 (-4.4%), from €183,858 to €175,842
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
€66,551
Gross operating margin
-€50,948
Staff costs
+€8,016
Depreciation
+€657
Other operating charges
+€111
Other operating items
+€1,499
Financial income
-€362
Financial charges
+€627
Taxes
+€8,151
Result 2025
€34,302
raises the resultlowers the resultnot broken down further in the accounts
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
+€96,583
Investment
€0
Financing
-€88,141
Cash 2024
€150,973
From operations (derived)
+€96,583
Net result for the year
+€34,302
Depreciation
+€42,143
Stocks and contracts
+€7,693
Receivables within one year
+€7,635
Deferred charges and accrued income
+€3,329
Trade debts
+€1,433
Tax, wage and social debts
-€2,810
Other debts
+€2,858
Financing
-€88,141
Debts after one year
-€31,678
Current portion of long-term debt
+€507
Contributions, distributions and other
-€56,970
Cash 2025
€159,415
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €599,086 | €546,728 | -€52,358 | -8.7% |
| Fixed assets | 21/28 | €398,005 | €355,862 | -€42,143 | -10.6% |
| Tangible fixed assets | 22/27 | €398,005 | €355,862 | -€42,143 | -10.6% |
| Land and buildings | 22 | €208,884 | €197,480 | -€11,404 | -5.5% |
| Plant, machinery and equipment | 23 | €186,273 | €157,233 | -€29,040 | -15.6% |
| Furniture and vehicles | 24 | €2,848 | €1,150 | -€1,698 | -59.6% |
| Current assets | 29/58 | €201,081 | €190,866 | -€10,215 | -5.1% |
| Stocks and contracts in progress | 3 | €28,981 | €21,287 | -€7,693 | -26.5% |
| Stocks | 30/36 | €28,981 | €21,287 | -€7,693 | -26.5% |
| Amounts receivable within one year | 40/41 | €12,227 | €4,592 | -€7,635 | -62.4% |
| Trade receivables | 40 | €11,058 | €3,562 | -€7,496 | -67.8% |
| Other amounts receivable | 41 | €1,169 | €1,030 | -€139 | -11.9% |
| Current investments | 50/53 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €150,973 | €159,415 | +€8,442 | +5.6% |
| Deferred charges and accrued income | 490/1 | €8,900 | €5,571 | -€3,329 | -37.4% |
| Total equity and liabilities | 10/49 | €599,086 | €546,728 | -€52,358 | -8.7% |
| Equity | 10/15 | €186,138 | €163,470 | -€22,668 | -12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €167,538 | €144,870 | -€22,668 | -13.5% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €163,538 | €140,870 | -€22,668 | -13.9% |
| Amounts payable | 17/49 | €412,948 | €383,259 | -€29,690 | -7.2% |
| Amounts payable after more than one year | 17 | €239,649 | €207,971 | -€31,678 | -13.2% |
| Financial debts | 170/4 | €239,649 | €207,971 | -€31,678 | -13.2% |
| Amounts payable within one year | 42/48 | €173,299 | €175,287 | +€1,988 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €31,171 | €31,678 | +€507 | +1.6% |
| Trade debts | 44 | €67,626 | €69,059 | +€1,433 | +2.1% |
| Suppliers | 440/4 | €67,626 | €69,059 | +€1,433 | +2.1% |
| Taxes, remuneration and social security | 45 | €65,448 | €62,638 | -€2,810 | -4.3% |
| Taxes | 450/3 | €6,826 | €10,749 | +€3,924 | +57.5% |
| Remuneration and social security | 454/9 | €58,623 | €51,889 | -€6,734 | -11.5% |
| Other amounts payable | 47/48 | €9,054 | €11,913 | +€2,858 | +31.6% |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Remuneration, social security and pensions | 62 | €183,858 | €175,842 | -€8,016 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,800 | €42,143 | -€657 | -1.5% |
| Other operating charges | 640/8 | €2,368 | €2,257 | -€111 | -4.7% |
| Non-recurring operating charges | 66A | €1,499 | - | -€1,499 | |
| Gross operating margin | 9900 | €319,479 | €268,531 | -€50,948 | -15.9% |
| Operating profit (loss) | 9901 | €88,955 | €48,289 | -€40,666 | -45.7% |
| Financial income | 75/76B | €362 | €0 | -€362 | -99.9% |
| Recurring financial income | 75 | €362 | €0 | -€362 | -99.9% |
| Financial charges | 65/66B | €5,644 | €5,018 | -€627 | -11.1% |
| Recurring financial charges | 65 | €5,644 | €5,018 | -€627 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €83,673 | €43,272 | -€40,401 | -48.3% |
| Income taxes | 67/77 | €17,122 | €8,970 | -€8,151 | -47.6% |
| Profit (loss) for the period | 9904 | €66,551 | €34,302 | -€32,250 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,551 | €34,302 | -€32,250 | -48.5% |
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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 2 November 2026 via checked.be.