De Vleesfabriek: 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.
De Vleesfabriek
Largest movements
- Receivables within one year +€260,034
up €260,034 (+67.0%), from €387,891 to €647,925
- Cash +€157,041
up €157,041 (+74.4%), from €210,971 to €368,012
mainly Net result for the year (+€419,658) and Other debts (+€315,856)
- Tangible fixed assets +€60,446
up €60,446 (+68.5%), from €88,206 to €148,652
of which Plant, machinery and equipment: +€52,781
- Stocks and contracts -€26,273
down €26,273 (-19.5%), from €135,000 to €108,727
- Other debts +€315,856
up €315,856 (+372%), from €84,907 to €400,764
- Trade debts +€169,339
up €169,339 (+178%), from €94,939 to €264,278
- Tax, wage and social debts -€37,121
down €37,121 (-31.9%), from €116,228 to €79,107
of which Taxes: -€37,537
- Profit (loss) carried forward +€19,658
up €19,658 (+4.2%), from €468,766 to €488,424
- Gross operating margin +€152,027
up €152,027 (+25.3%), from €600,593 to €752,621
- Other operating charges +€44,044
up €44,044 (+1,144%), from €3,848 to €47,893
- Write-downs +€24,965
new in 2025: €24,965
- Taxes +€18,201
up €18,201 (+15.8%), from €115,002 to €133,203
- Depreciation +€11,666
up €11,666 (+56.1%), from €20,802 to €32,468
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 | €823,135 | €1,274,406 | +€451,271 | +54.8% |
| Fixed assets | 21/28 | €88,206 | €148,652 | +€60,446 | +68.5% |
| Tangible fixed assets | 22/27 | €88,206 | €148,652 | +€60,446 | +68.5% |
| Plant, machinery and equipment | 23 | €21,196 | €73,977 | +€52,781 | +249% |
| Furniture and vehicles | 24 | €11,662 | €30,984 | +€19,322 | +166% |
| Leasing and similar rights | 25 | €55,347 | €43,690 | -€11,657 | -21.1% |
| Current assets | 29/58 | €734,929 | €1,125,754 | +€390,825 | +53.2% |
| Stocks and contracts in progress | 3 | €135,000 | €108,727 | -€26,273 | -19.5% |
| Stocks | 30/36 | €135,000 | €108,727 | -€26,273 | -19.5% |
| Amounts receivable within one year | 40/41 | €387,891 | €647,925 | +€260,034 | +67.0% |
| Trade receivables | 40 | €387,891 | €647,925 | +€260,034 | +67.0% |
| Cash at bank and in hand | 54/58 | €210,971 | €368,012 | +€157,041 | +74.4% |
| Deferred charges and accrued income | 490/1 | €1,067 | €1,090 | +€23 | +2.2% |
| Total equity and liabilities | 10/49 | €823,135 | €1,274,406 | +€451,271 | +54.8% |
| Equity | 10/15 | €470,766 | €490,424 | +€19,658 | +4.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €468,766 | €488,424 | +€19,658 | +4.2% |
| Amounts payable | 17/49 | €352,369 | €783,982 | +€431,614 | +122% |
| Amounts payable after more than one year | 17 | €40,194 | €29,759 | -€10,436 | -26.0% |
| Financial debts | 170/4 | €40,194 | €29,759 | -€10,436 | -26.0% |
| Amounts payable within one year | 42/48 | €312,175 | €754,224 | +€442,049 | +142% |
| Current portion of amounts payable after more than one year | 42 | €16,100 | €10,075 | -€6,026 | -37.4% |
| Trade debts | 44 | €94,939 | €264,278 | +€169,339 | +178% |
| Suppliers | 440/4 | €94,939 | €264,278 | +€169,339 | +178% |
| Taxes, remuneration and social security | 45 | €116,228 | €79,107 | -€37,121 | -31.9% |
| Taxes | 450/3 | €108,972 | €71,435 | -€37,537 | -34.4% |
| Remuneration and social security | 454/9 | €7,256 | €7,672 | +€416 | +5.7% |
| Other amounts payable | 47/48 | €84,907 | €400,764 | +€315,856 | +372% |
| Non-recurring operating income | 76A | - | €109 | +€109 | |
| Remuneration, social security and pensions | 62 | €93,189 | €88,099 | -€5,090 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,802 | €32,468 | +€11,666 | +56.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €24,965 | +€24,965 | |
| Other operating charges | 640/8 | €3,848 | €47,893 | +€44,044 | +1,144% |
| Gross operating margin | 9900 | €600,593 | €752,621 | +€152,027 | +25.3% |
| Operating profit (loss) | 9901 | €482,754 | €559,196 | +€76,442 | +15.8% |
| Financial income | 75/76B | €1,947 | €507 | -€1,440 | -73.9% |
| Recurring financial income | 75 | €1,947 | €507 | -€1,440 | -73.9% |
| Financial charges | 65/66B | €5,863 | €6,843 | +€980 | +16.7% |
| Recurring financial charges | 65 | €5,863 | €6,843 | +€980 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €478,838 | €552,861 | +€74,023 | +15.5% |
| Income taxes | 67/77 | €115,002 | €133,203 | +€18,201 | +15.8% |
| Profit (loss) for the period | 9904 | €363,836 | €419,658 | +€55,822 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €363,836 | €419,658 | +€55,822 | +15.3% |
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 24 October 2026 via checked.be.