DL MEAT: 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.
DL MEAT
Largest movements
- Cash -€212,173
down €212,173 (-57.0%), from €372,429 to €160,256
mainly Receivables within one year (-€181,227) and Investment in fixed assets (net) (-€173,193)
- Receivables within one year +€181,227
up €181,227 (+10.9%), from €1.7m to €1.8m
of which Trade receivables: +€219,776
- Stocks and contracts +€120,227
up €120,227 (+16.5%), from €729,227 to €849,454
- Tangible fixed assets +€90,004
up €90,004 (+13.2%), from €681,679 to €771,683
of which Land and buildings: +€137,572
- Short-term financial debts +€100,000
up €100,000 (+100%), from €100,000 to €200,000
of which Credit institutions: +€200,000
- Profit (loss) carried forward +€84,767
up €84,767, from -€15,450 to €69,317
- Trade debts -€45,673
down €45,673 (-5.4%), from €839,138 to €793,464
- Staff costs +€81,825
up €81,825 (+20.5%), from €400,001 to €481,825
- Gross operating margin -€60,010
down €60,010 (-7.7%), from €774,365 to €714,354
- Financial charges +€12,202
up €12,202 (+58.1%), from €20,993 to €33,195
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 | €3,444,034 | €3,623,260 | +€179,226 | +5.2% |
| Fixed assets | 21/28 | €681,679 | €771,683 | +€90,004 | +13.2% |
| Tangible fixed assets | 22/27 | €681,679 | €771,683 | +€90,004 | +13.2% |
| Land and buildings | 22 | €524,469 | €662,041 | +€137,572 | +26.2% |
| Plant, machinery and equipment | 23 | €39,593 | €31,057 | -€8,536 | -21.6% |
| Furniture and vehicles | 24 | €57,218 | €44,874 | -€12,344 | -21.6% |
| Leasing and similar rights | 25 | €60,398 | €33,710 | -€26,688 | -44.2% |
| Current assets | 29/58 | €2,762,355 | €2,851,578 | +€89,223 | +3.2% |
| Stocks and contracts in progress | 3 | €729,227 | €849,454 | +€120,227 | +16.5% |
| Stocks | 30/36 | €729,227 | €849,454 | +€120,227 | +16.5% |
| Amounts receivable within one year | 40/41 | €1,660,641 | €1,841,868 | +€181,227 | +10.9% |
| Trade receivables | 40 | €1,613,042 | €1,832,818 | +€219,776 | +13.6% |
| Other amounts receivable | 41 | €47,599 | €9,050 | -€38,549 | -81.0% |
| Cash at bank and in hand | 54/58 | €372,429 | €160,256 | -€212,173 | -57.0% |
| Deferred charges and accrued income | 490/1 | €59 | - | -€59 | |
| Total equity and liabilities | 10/49 | €3,444,034 | €3,623,260 | +€179,226 | +5.2% |
| Equity | 10/15 | €558,918 | €643,685 | +€84,767 | +15.2% |
| Contributions | 10/11 | €524,789 | €524,789 | = | 0.0% |
| Reserves | 13 | €49,579 | €49,579 | = | 0.0% |
| Distributable reserves | 133 | €49,579 | €49,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,450 | €69,317 | +€84,767 | |
| Amounts payable | 17/49 | €2,885,116 | €2,979,575 | +€94,459 | +3.3% |
| Amounts payable after more than one year | 17 | €171,485 | €173,939 | +€2,454 | +1.4% |
| Financial debts | 170/4 | €171,485 | €173,939 | +€2,454 | +1.4% |
| Amounts payable within one year | 42/48 | €2,713,631 | €2,805,431 | +€91,800 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €120,450 | €148,763 | +€28,313 | +23.5% |
| Financial debts | 43 | €100,000 | €200,000 | +€100,000 | +100% |
| Credit institutions | 430/8 | - | €200,000 | +€200,000 | |
| Other loans | 439 | €100,000 | - | -€100,000 | |
| Trade debts | 44 | €839,138 | €793,464 | -€45,673 | -5.4% |
| Suppliers | 440/4 | €839,138 | €793,464 | -€45,673 | -5.4% |
| Taxes, remuneration and social security | 45 | €48,880 | €72,233 | +€23,353 | +47.8% |
| Taxes | 450/3 | - | €580 | +€580 | |
| Remuneration and social security | 454/9 | €48,880 | €71,653 | +€22,774 | +46.6% |
| Other amounts payable | 47/48 | €1,605,164 | €1,590,971 | -€14,193 | -0.9% |
| Accrued charges and deferred income | 492/3 | - | €206 | +€206 | |
| Non-recurring operating income | 76A | €10,500 | €0 | -€10,500 | -100% |
| Remuneration, social security and pensions | 62 | €400,001 | €481,825 | +€81,825 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,149 | €83,189 | +€2,041 | +2.5% |
| Other operating charges | 640/8 | €24,182 | €31,493 | +€7,312 | +30.2% |
| Non-recurring operating charges | 66A | €46,002 | €0 | -€46,002 | -100% |
| Gross operating margin | 9900 | €774,365 | €714,354 | -€60,010 | -7.7% |
| Operating profit (loss) | 9901 | €223,031 | €117,846 | -€105,185 | -47.2% |
| Financial income | 75/76B | €1,788 | €115 | -€1,672 | -93.5% |
| Recurring financial income | 75 | €1,788 | €115 | -€1,672 | -93.5% |
| Financial charges | 65/66B | €20,993 | €33,195 | +€12,202 | +58.1% |
| Recurring financial charges | 65 | €20,993 | €33,195 | +€12,202 | +58.1% |
| Profit (loss) for the period before taxes | 9903 | €203,826 | €84,767 | -€119,059 | -58.4% |
| Profit (loss) for the period | 9904 | €203,826 | €84,767 | -€119,059 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €203,826 | €84,767 | -€119,059 | -58.4% |
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 25 October 2026 via checked.be.