Delicatessen Cavallo: what changed
What changed
Delicatessen Cavallo
NACE 47.221, Retail sale of meat and meat products, excluding game and poultry
filed annual accounts (NBB)
Net result for the year
€224,943
2024 · -€144,380+€369,323
Equity
€229,409
2024 · €4,466+€224,943
Cash
€9,727
2024 · €12,550-€2,823
Balance sheet total
€962,853
2024 · €1.4m-€466,894
Largest movements
Assets
- Tangible fixed assets -€593,595
down €593,595 (-44.1%), from €1.3m to €751,368
of which Land and buildings: -€569,304
- Receivables within one year +€108,666
up €108,666 (+327%), from €33,191 to €141,857
of which Other amounts receivable: +€80,948
Equity and liabilities
- Debts after one year -€500,660
down €500,660 (-47.9%), from €1.0m to €544,925
- Profit (loss) carried forward +€144,262
up €144,262, from -€144,262 to €0
- Other debts -€87,128
down €87,128 (-88.6%), from €98,386 to €11,258
- Reserves +€80,680
up €80,680 (+137%), from €58,729 to €139,409
- Trade debts -€58,831
down €58,831 (-47.6%), from €123,622 to €64,791
Income statement
- Gross operating margin +€429,555
up €429,555 (+267%), from €160,613 to €590,167
- Staff costs +€47,287
up €47,287 (+26.5%), from €178,756 to €226,043
- Taxes +€31,456
up €31,456 (+32,842%), from €96 to €31,552
- Depreciation -€29,812
down €29,812 (-40.4%), from €73,745 to €43,933
- Other operating charges +€7,592
up €7,592 (+100%), from €7,555 to €15,146
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
-€144,380
Gross operating margin
+€429,555
Staff costs
-€47,287
Depreciation
+€29,812
Other operating charges
-€7,592
Other operating items
-€3,500
Financial income
-€128
Financial charges
-€83
Taxes
-€31,456
Result 2025
€224,943
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
+€21,475
Investment
+€549,662
Financing
-€573,961
Cash 2024
€12,550
From operations (derived)
+€21,475
Net result for the year
+€224,943
Depreciation
+€43,933
Stocks and contracts
-€12,228
Receivables within one year
-€108,666
Deferred charges and accrued income
-€8,631
Trade debts
-€58,831
Tax, wage and social debts
+€28,083
Other debts
-€87,128
Investment (derived)
+€549,662
Investment in fixed assets (net)
+€549,662
Financing
-€573,961
Debts after one year
-€500,660
Current portion of long-term debt
-€43,301
Short-term financial debts
-€30,000
Cash 2025
€9,727
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,429,747 | €962,853 | -€466,894 | -32.7% |
| Fixed assets | 21/28 | €1,345,163 | €751,568 | -€593,595 | -44.1% |
| Tangible fixed assets | 22/27 | €1,344,963 | €751,368 | -€593,595 | -44.1% |
| Land and buildings | 22 | €1,158,078 | €588,774 | -€569,304 | -49.2% |
| Plant, machinery and equipment | 23 | €137,956 | €76,916 | -€61,039 | -44.2% |
| Furniture and vehicles | 24 | €1,743 | €85,677 | +€83,935 | +4,817% |
| Leasing and similar rights | 25 | €47,187 | €0 | -€47,187 | -100% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €84,584 | €211,285 | +€126,701 | +150% |
| Stocks and contracts in progress | 3 | €32,979 | €45,207 | +€12,228 | +37.1% |
| Stocks | 30/36 | €32,979 | €45,207 | +€12,228 | +37.1% |
| Amounts receivable within one year | 40/41 | €33,191 | €141,857 | +€108,666 | +327% |
| Trade receivables | 40 | €27,433 | €55,150 | +€27,717 | +101% |
| Other amounts receivable | 41 | €5,758 | €86,706 | +€80,948 | +1,406% |
| Cash at bank and in hand | 54/58 | €12,550 | €9,727 | -€2,823 | -22.5% |
| Deferred charges and accrued income | 490/1 | €5,863 | €14,495 | +€8,631 | +147% |
| Total equity and liabilities | 10/49 | €1,429,747 | €962,853 | -€466,894 | -32.7% |
| Equity | 10/15 | €4,466 | €229,409 | +€224,943 | +5,037% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €58,729 | €139,409 | +€80,680 | +137% |
| Distributable reserves | 133 | €58,729 | €139,409 | +€80,680 | +137% |
| Profit (loss) carried forward | 14 | -€144,262 | €0 | +€144,262 | |
| Amounts payable | 17/49 | €1,425,281 | €733,444 | -€691,837 | -48.5% |
| Amounts payable after more than one year | 17 | €1,045,585 | €544,925 | -€500,660 | -47.9% |
| Financial debts | 170/4 | €1,045,585 | €544,925 | -€500,660 | -47.9% |
| Amounts payable within one year | 42/48 | €379,696 | €188,519 | -€191,177 | -50.4% |
| Current portion of amounts payable after more than one year | 42 | €79,863 | €36,562 | -€43,301 | -54.2% |
| Financial debts | 43 | €60,000 | €30,000 | -€30,000 | -50.0% |
| Credit institutions | 430/8 | €60,000 | €30,000 | -€30,000 | -50.0% |
| Trade debts | 44 | €123,622 | €64,791 | -€58,831 | -47.6% |
| Suppliers | 440/4 | €123,622 | €64,791 | -€58,831 | -47.6% |
| Taxes, remuneration and social security | 45 | €17,825 | €45,908 | +€28,083 | +158% |
| Taxes | 450/3 | €1,949 | €6,302 | +€4,353 | +223% |
| Remuneration and social security | 454/9 | €15,876 | €39,606 | +€23,730 | +149% |
| Other amounts payable | 47/48 | €98,386 | €11,258 | -€87,128 | -88.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €20,779 | €495,518 | +€474,738 | +2,285% |
| Remuneration, social security and pensions | 62 | €178,756 | €226,043 | +€47,287 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,745 | €43,933 | -€29,812 | -40.4% |
| Other operating charges | 640/8 | €7,555 | €15,146 | +€7,592 | +100% |
| Non-recurring operating charges | 66A | €3,687 | €7,187 | +€3,500 | +94.9% |
| Gross operating margin | 9900 | €160,613 | €590,167 | +€429,555 | +267% |
| Operating profit (loss) | 9901 | -€103,130 | €297,858 | +€400,989 | |
| Financial income | 75/76B | €747 | €619 | -€128 | -17.1% |
| Recurring financial income | 75 | €747 | €619 | -€128 | -17.1% |
| Financial charges | 65/66B | €41,900 | €41,983 | +€83 | +0.2% |
| Recurring financial charges | 65 | €41,900 | €41,983 | +€83 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | -€144,284 | €256,494 | +€400,779 | |
| Income taxes | 67/77 | €96 | €31,552 | +€31,456 | +32,842% |
| Profit (loss) for the period | 9904 | -€144,380 | €224,943 | +€369,323 | |
| Profit (loss) for the period to be appropriated | 9905 | -€144,380 | €224,943 | +€369,323 |
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.