DE ROY VLEES: what changed
What changed
DE ROY VLEES
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
filed annual accounts (NBB)
Net result for the year
€32,476
2024 · €101,135-€68,659
Equity
€1.8m
2024 · €1.7m+€32,476
Cash
€454,500
2024 · €1.8m-€1.3m
Balance sheet total
€2.3m
2024 · €3.3m-€1.1m
Largest movements
Assets
- Cash -€1.3m
down €1.3m (-74.8%), from €1.8m to €454,500
mainly Other debts (-€773,150) and Stocks and contracts (-€385,754)
- Stocks and contracts +€385,754
up €385,754 (+794%), from €48,576 to €434,330
- Receivables within one year -€90,674
down €90,674 (-6.6%), from €1.4m to €1.3m
of which Trade receivables: -€166,056
Equity and liabilities
- Other debts -€773,150
down €773,150 (-96.5%), from €801,398 to €28,248
- Trade debts -€266,329
down €266,329 (-36.7%), from €726,109 to €459,780
- Accrued charges and deferred income -€36,000
no longer reported in 2025 (was €36,000)
Income statement
- Gross operating margin -€54,098
down €54,098 (-10.9%), from €498,379 to €444,281
- Financial income -€34,853
down €34,853 (-65.2%), from €53,438 to €18,585
- Taxes -€31,567
down €31,567 (-65.8%), from €47,979 to €16,412
- Staff costs +€25,393
up €25,393 (+8.3%), from €304,236 to €329,629
- Financial charges -€7,321
down €7,321 (-11.9%), from €61,763 to €54,442
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
€101,135
Gross operating margin
-€54,098
Staff costs
-€25,393
Depreciation
+€6,801
Other operating charges
-€4
Financial income
-€34,853
Financial charges
+€7,321
Taxes
+€31,567
Result 2025
€32,476
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
-€1.3m
Investment
€0
Financing
€0
Cash 2024
€1.8m
From operations (derived)
-€1.3m
Net result for the year
+€32,476
Depreciation
+€18,203
Stocks and contracts
-€385,754
Receivables within one year
+€90,674
Deferred charges and accrued income
-€12,000
Trade debts
-€266,329
Tax, wage and social debts
-€16,172
Other debts
-€773,150
Accrued charges and deferred income
-€36,000
Cash 2025
€454,500
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,345,372 | €2,286,197 | -€1.1m | -31.7% |
| Fixed assets | 21/28 | €113,118 | €94,915 | -€18,203 | -16.1% |
| Tangible fixed assets | 22/27 | €113,118 | €94,915 | -€18,203 | -16.1% |
| Land and buildings | 22 | €95,324 | €88,609 | -€6,715 | -7.0% |
| Plant, machinery and equipment | 23 | €17,794 | €6,306 | -€11,488 | -64.6% |
| Current assets | 29/58 | €3,232,254 | €2,191,282 | -€1.0m | -32.2% |
| Stocks and contracts in progress | 3 | €48,576 | €434,330 | +€385,754 | +794% |
| Stocks | 30/36 | €48,576 | €434,330 | +€385,754 | +794% |
| Amounts receivable within one year | 40/41 | €1,381,126 | €1,290,452 | -€90,674 | -6.6% |
| Trade receivables | 40 | €1,258,299 | €1,092,243 | -€166,056 | -13.2% |
| Other amounts receivable | 41 | €122,827 | €198,209 | +€75,382 | +61.4% |
| Cash at bank and in hand | 54/58 | €1,802,552 | €454,500 | -€1.3m | -74.8% |
| Deferred charges and accrued income | 490/1 | - | €12,000 | +€12,000 | |
| Total equity and liabilities | 10/49 | €3,345,372 | €2,286,197 | -€1.1m | -31.7% |
| Equity | 10/15 | €1,727,827 | €1,760,303 | +€32,476 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,508,265 | €1,540,741 | +€32,476 | +2.2% |
| Non-distributable reserves | 130/1 | €128,247 | - | -€128,247 | |
| Reserves not available under the articles | 1311 | €128,247 | - | -€128,247 | |
| Distributable reserves | 133 | €1,380,018 | €1,540,741 | +€160,723 | +11.6% |
| Profit (loss) carried forward | 14 | €200,962 | €200,962 | = | 0.0% |
| Amounts payable | 17/49 | €1,617,545 | €525,894 | -€1.1m | -67.5% |
| Amounts payable within one year | 42/48 | €1,581,545 | €525,894 | -€1.1m | -66.7% |
| Trade debts | 44 | €726,109 | €459,780 | -€266,329 | -36.7% |
| Suppliers | 440/4 | €726,109 | €459,780 | -€266,329 | -36.7% |
| Taxes, remuneration and social security | 45 | €54,038 | €37,866 | -€16,172 | -29.9% |
| Taxes | 450/3 | €24,959 | €22,369 | -€2,590 | -10.4% |
| Remuneration and social security | 454/9 | €29,079 | €15,497 | -€13,582 | -46.7% |
| Other amounts payable | 47/48 | €801,398 | €28,248 | -€773,150 | -96.5% |
| Accrued charges and deferred income | 492/3 | €36,000 | - | -€36,000 | |
| Remuneration, social security and pensions | 62 | €304,236 | €329,629 | +€25,393 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,004 | €18,203 | -€6,801 | -27.2% |
| Other operating charges | 640/8 | €11,700 | €11,704 | +€4 | 0.0% |
| Gross operating margin | 9900 | €498,379 | €444,281 | -€54,098 | -10.9% |
| Operating profit (loss) | 9901 | €157,439 | €84,745 | -€72,694 | -46.2% |
| Financial income | 75/76B | €53,438 | €18,585 | -€34,853 | -65.2% |
| Recurring financial income | 75 | €53,438 | €18,585 | -€34,853 | -65.2% |
| Financial charges | 65/66B | €61,763 | €54,442 | -€7,321 | -11.9% |
| Recurring financial charges | 65 | €61,763 | €54,442 | -€7,321 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €149,114 | €48,888 | -€100,226 | -67.2% |
| Income taxes | 67/77 | €47,979 | €16,412 | -€31,567 | -65.8% |
| Profit (loss) for the period | 9904 | €101,135 | €32,476 | -€68,659 | -67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €101,135 | €32,476 | -€68,659 | -67.9% |
Next steps
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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 5 November 2026 via checked.be.