DOLCE FORTE: 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.
What changed
DOLCE FORTE
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€52,885
2024 · €5,754+€47,131
Equity
€16,478
2024 · -€36,407+€52,885
Cash
€2,813
2024 · €2,813
Balance sheet total
€155,369
2024 · €145,814+€9,555
Largest movements
Assets
- Tangible fixed assets +€15,574
up €15,574 (+117%), from €13,279 to €28,852
of which Furniture and vehicles: +€15,903
- Stocks and contracts -€8,192
down €8,192 (-19.3%), from €42,539 to €34,348
Equity and liabilities
- Trade debts -€51,572
down €51,572 (-37.2%), from €138,679 to €87,107
- Profit (loss) carried forward +€46,407
up €46,407, from -€46,407 to €0
- Short-term financial debts -€7,580
down €7,580 (-53.2%), from €14,242 to €6,662
- Reserves +€6,478
new in 2025: €6,478
- Current portion of long-term debt +€5,286
up €5,286 (+78.8%), from €6,711 to €11,997
Income statement
- Gross operating margin +€60,456
up €60,456 (+174%), from €34,764 to €95,220
- Staff costs +€11,084
up €11,084 (+57.4%), from €19,321 to €30,405
- Taxes +€1,735
up €1,735 (+1,346%), from €129 to €1,864
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.
Result 2024
€5,754
Gross operating margin
+€60,456
Staff costs
-€11,084
Depreciation
-€899
Other operating charges
+€12
Other operating items
-€98
Financial income
-€240
Financial charges
+€719
Taxes
-€1,735
Result 2025
€52,885
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€20,429
Investment
-€20,682
Financing
+€253
Cash 2024
€2,813
From operations (derived)
+€20,429
Net result for the year
+€52,885
Depreciation
+€5,109
Stocks and contracts
+€8,192
Receivables within one year
-€938
Deferred charges and accrued income
-€1,235
Trade debts
-€51,572
Tax, wage and social debts
+€2,174
Other debts
+€5,000
Accrued charges and deferred income
+€815
Investment (derived)
-€20,682
Investment in fixed assets (net)
-€20,682
Financing
+€253
Debts after one year
+€2,547
Current portion of long-term debt
+€5,286
Short-term financial debts
-€7,580
Cash 2025
€2,813
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €145,814 | €155,369 | +€9,555 | +6.6% |
| Fixed assets | 21/28 | €13,279 | €28,852 | +€15,574 | +117% |
| Tangible fixed assets | 22/27 | €13,279 | €28,852 | +€15,574 | +117% |
| Plant, machinery and equipment | 23 | €13,279 | €12,949 | -€329 | -2.5% |
| Furniture and vehicles | 24 | - | €15,903 | +€15,903 | |
| Current assets | 29/58 | €132,536 | €126,517 | -€6,018 | -4.5% |
| Stocks and contracts in progress | 3 | €42,539 | €34,348 | -€8,192 | -19.3% |
| Stocks | 30/36 | €42,539 | €34,348 | -€8,192 | -19.3% |
| Amounts receivable within one year | 40/41 | €82,768 | €83,707 | +€938 | +1.1% |
| Trade receivables | 40 | €30,857 | €38,817 | +€7,959 | +25.8% |
| Other amounts receivable | 41 | €51,911 | €44,890 | -€7,021 | -13.5% |
| Cash at bank and in hand | 54/58 | €2,813 | €2,813 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €4,415 | €5,649 | +€1,235 | +28.0% |
| Total equity and liabilities | 10/49 | €145,814 | €155,369 | +€9,555 | +6.6% |
| Equity | 10/15 | -€36,407 | €16,478 | +€52,885 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €6,478 | +€6,478 | |
| Distributable reserves | 133 | - | €6,478 | +€6,478 | |
| Profit (loss) carried forward | 14 | -€46,407 | €0 | +€46,407 | |
| Amounts payable | 17/49 | €182,221 | €138,892 | -€43,330 | -23.8% |
| Amounts payable after more than one year | 17 | €13,820 | €16,367 | +€2,547 | +18.4% |
| Financial debts | 170/4 | €13,820 | €16,367 | +€2,547 | +18.4% |
| Amounts payable within one year | 42/48 | €168,402 | €121,710 | -€46,692 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €6,711 | €11,997 | +€5,286 | +78.8% |
| Financial debts | 43 | €14,242 | €6,662 | -€7,580 | -53.2% |
| Credit institutions | 430/8 | €14,242 | €6,662 | -€7,580 | -53.2% |
| Trade debts | 44 | €138,679 | €87,107 | -€51,572 | -37.2% |
| Suppliers | 440/4 | €138,679 | €87,107 | -€51,572 | -37.2% |
| Taxes, remuneration and social security | 45 | €8,769 | €10,944 | +€2,174 | +24.8% |
| Taxes | 450/3 | €4,075 | €6,144 | +€2,069 | +50.8% |
| Remuneration and social security | 454/9 | €4,695 | €4,800 | +€105 | +2.2% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Accrued charges and deferred income | 492/3 | €0 | €815 | +€815 | |
| Non-recurring operating income | 76A | €0 | €9,365 | +€9,365 | |
| Remuneration, social security and pensions | 62 | €19,321 | €30,405 | +€11,084 | +57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,209 | €5,109 | +€899 | +21.4% |
| Other operating charges | 640/8 | €879 | €867 | -€12 | -1.4% |
| Non-recurring operating charges | 66A | €76 | €174 | +€98 | +129% |
| Gross operating margin | 9900 | €34,764 | €95,220 | +€60,456 | +174% |
| Operating profit (loss) | 9901 | €10,279 | €58,665 | +€48,386 | +471% |
| Financial income | 75/76B | €253 | €13 | -€240 | -94.7% |
| Recurring financial income | 75 | €253 | €13 | -€240 | -94.7% |
| Financial charges | 65/66B | €4,649 | €3,930 | -€719 | -15.5% |
| Recurring financial charges | 65 | €4,649 | €3,930 | -€719 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €5,883 | €54,749 | +€48,866 | +831% |
| Income taxes | 67/77 | €129 | €1,864 | +€1,735 | +1,346% |
| Profit (loss) for the period | 9904 | €5,754 | €52,885 | +€47,131 | +819% |
| Profit (loss) for the period to be appropriated | 9905 | €5,754 | €52,885 | +€47,131 | +819% |
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 22 October 2026 via checked.be.