EN DIRECT DE MON ELEVAGE: 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
EN DIRECT DE MON ELEVAGE
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
€24,684
2024 · €49,215-€24,531
Equity
€1.9m
2024 · €1.9m+€8,339
Cash
€25,840
2024 · €38,456-€12,616
Balance sheet total
€3.4m
2024 · €3.3m+€145,105
Largest movements
Assets
- Receivables within one year +€165,576
up €165,576 (+7.4%), from €2.2m to €2.4m
of which Trade receivables: +€167,837
Equity and liabilities
- Short-term financial debts -€250,000
no longer reported in 2025 (was €250,000)
- Trade debts +€208,213
up €208,213 (+24.9%), from €835,271 to €1.0m
- Debts after one year +€189,790
up €189,790 (+78.2%), from €242,650 to €432,440
Income statement
- Gross operating margin -€42,328
down €42,328 (-22.7%), from €186,061 to €143,733
- Financial charges -€19,572
down €19,572 (-46.9%), from €41,718 to €22,146
- Taxes -€5,026
down €5,026 (-43.9%), from €11,458 to €6,432
- Depreciation -€3,427
down €3,427 (-4.5%), from €75,644 to €72,217
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
€49,215
Gross operating margin
-€42,328
Depreciation
+€3,427
Other operating charges
-€252
Other operating items
-€9,981
Financial income
+€5
Financial charges
+€19,572
Taxes
+€5,026
Result 2025
€24,684
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
+€145,198
Investment
-€81,711
Financing
-€76,103
Cash 2024
€38,456
From operations (derived)
+€145,198
Net result for the year
+€24,684
Depreciation
+€72,217
Receivables within one year
-€165,576
Deferred charges and accrued income
+€17,349
Trade debts
+€208,213
Tax, wage and social debts
-€10,738
Other debts
-€77
Accrued charges and deferred income
-€874
Investment (derived)
-€81,711
Investment in fixed assets (net)
-€81,711
Financing
-€76,103
Debts after one year
+€189,790
Current portion of long-term debt
+€452
Short-term financial debts
-€250,000
Contributions, distributions and other
-€16,345
Cash 2025
€25,840
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,274,373 | €3,419,478 | +€145,105 | +4.4% |
| Fixed assets | 21/28 | €973,794 | €983,288 | +€9,494 | +1.0% |
| Tangible fixed assets | 22/27 | €973,794 | €976,288 | +€2,494 | +0.3% |
| Land and buildings | 22 | €966,632 | €938,757 | -€27,875 | -2.9% |
| Plant, machinery and equipment | 23 | - | €7,363 | +€7,363 | |
| Furniture and vehicles | 24 | €7,162 | €30,168 | +€23,006 | +321% |
| Financial fixed assets | 28 | - | €7,000 | +€7,000 | |
| Current assets | 29/58 | €2,300,579 | €2,436,190 | +€135,611 | +5.9% |
| Amounts receivable within one year | 40/41 | €2,240,936 | €2,406,512 | +€165,576 | +7.4% |
| Trade receivables | 40 | €2,218,236 | €2,386,073 | +€167,837 | +7.6% |
| Other amounts receivable | 41 | €22,700 | €20,439 | -€2,261 | -10.0% |
| Cash at bank and in hand | 54/58 | €38,456 | €25,840 | -€12,616 | -32.8% |
| Deferred charges and accrued income | 490/1 | €21,187 | €3,838 | -€17,349 | -81.9% |
| Total equity and liabilities | 10/49 | €3,274,373 | €3,419,478 | +€145,105 | +4.4% |
| Equity | 10/15 | €1,857,149 | €1,865,488 | +€8,339 | +0.4% |
| Contributions | 10/11 | €1,498,090 | €1,498,391 | +€301 | 0.0% |
| Reserves | 13 | €359,059 | €367,097 | +€8,038 | +2.2% |
| Non-distributable reserves | 130/1 | €130,000 | €130,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €130,000 | €130,000 | = | 0.0% |
| Distributable reserves | 133 | €229,059 | €237,097 | +€8,038 | +3.5% |
| Amounts payable | 17/49 | €1,417,224 | €1,553,990 | +€136,766 | +9.7% |
| Amounts payable after more than one year | 17 | €242,650 | €432,440 | +€189,790 | +78.2% |
| Financial debts | 170/4 | €242,650 | €432,440 | +€189,790 | +78.2% |
| Amounts payable within one year | 42/48 | €1,170,076 | €1,117,926 | -€52,150 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €59,758 | €60,210 | +€452 | +0.8% |
| Financial debts | 43 | €250,000 | - | -€250,000 | |
| Credit institutions | 430/8 | €250,000 | - | -€250,000 | |
| Trade debts | 44 | €835,271 | €1,043,484 | +€208,213 | +24.9% |
| Suppliers | 440/4 | €835,271 | €1,043,484 | +€208,213 | +24.9% |
| Taxes, remuneration and social security | 45 | €13,067 | €2,329 | -€10,738 | -82.2% |
| Taxes | 450/3 | €13,067 | €2,329 | -€10,738 | -82.2% |
| Other amounts payable | 47/48 | €11,980 | €11,903 | -€77 | -0.6% |
| Accrued charges and deferred income | 492/3 | €4,498 | €3,624 | -€874 | -19.4% |
| Non-recurring operating income | 76A | €20 | €120 | +€100 | +500% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,644 | €72,217 | -€3,427 | -4.5% |
| Other operating charges | 640/8 | €8,026 | €8,278 | +€252 | +3.1% |
| Non-recurring operating charges | 66A | - | €9,981 | +€9,981 | |
| Gross operating margin | 9900 | €186,061 | €143,733 | -€42,328 | -22.7% |
| Operating profit (loss) | 9901 | €102,391 | €53,257 | -€49,134 | -48.0% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €41,718 | €22,146 | -€19,572 | -46.9% |
| Recurring financial charges | 65 | €41,718 | €22,146 | -€19,572 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €60,673 | €31,116 | -€29,557 | -48.7% |
| Income taxes | 67/77 | €11,458 | €6,432 | -€5,026 | -43.9% |
| Profit (loss) for the period | 9904 | €49,215 | €24,684 | -€24,531 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,215 | €24,684 | -€24,531 | -49.8% |
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 18 October 2026 via checked.be.