FM 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.
FM MEAT
Largest movements
- Cash +€95,138
up €95,138 (+16.4%), from €581,740 to €676,878
mainly Net result for the year (+€145,696) and Receivables within one year (+€30,260)
- Receivables within one year -€30,260
down €30,260 (-26.5%), from €114,273 to €84,013
of which Trade receivables: -€29,565
- Tangible fixed assets -€10,868
down €10,868 (-7.4%), from €147,829 to €136,962
of which Furniture and vehicles: -€7,720
- Reserves +€133,830
up €133,830 (+19.2%), from €696,628 to €830,458
- Trade debts -€35,006
down €35,006 (-54.8%), from €63,827 to €28,821
- Tax, wage and social debts -€22,921
down €22,921 (-66.0%), from €34,705 to €11,783
- Other debts -€20,306
down €20,306 (-63.0%), from €32,230 to €11,923
- Gross operating margin +€12,074
up €12,074 (+5.9%), from €203,870 to €215,944
- Taxes +€3,018
up €3,018 (+8.8%), from €34,237 to €37,255
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.
Cash bridge derived
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 | €846,739 | €901,577 | +€54,838 | +6.5% |
| Fixed assets | 21/28 | €147,829 | €136,962 | -€10,868 | -7.4% |
| Tangible fixed assets | 22/27 | €147,829 | €136,962 | -€10,868 | -7.4% |
| Land and buildings | 22 | €105,987 | €101,008 | -€4,979 | -4.7% |
| Plant, machinery and equipment | 23 | €21,453 | €23,284 | +€1,831 | +8.5% |
| Furniture and vehicles | 24 | €20,389 | €12,669 | -€7,720 | -37.9% |
| Current assets | 29/58 | €698,910 | €764,616 | +€65,706 | +9.4% |
| Stocks and contracts in progress | 3 | €2,898 | €3,725 | +€828 | +28.6% |
| Stocks | 30/36 | €2,898 | €3,725 | +€828 | +28.6% |
| Amounts receivable within one year | 40/41 | €114,273 | €84,013 | -€30,260 | -26.5% |
| Trade receivables | 40 | €113,443 | €83,878 | -€29,565 | -26.1% |
| Other amounts receivable | 41 | €830 | €135 | -€695 | -83.7% |
| Cash at bank and in hand | 54/58 | €581,740 | €676,878 | +€95,138 | +16.4% |
| Total equity and liabilities | 10/49 | €846,739 | €901,577 | +€54,838 | +6.5% |
| Equity | 10/15 | €715,220 | €849,050 | +€133,830 | +18.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €696,628 | €830,458 | +€133,830 | +19.2% |
| Distributable reserves | 133 | €696,628 | €830,458 | +€133,830 | +19.2% |
| Amounts payable | 17/49 | €131,519 | €52,528 | -€78,992 | -60.1% |
| Amounts payable within one year | 42/48 | €130,762 | €52,528 | -€78,234 | -59.8% |
| Trade debts | 44 | €63,827 | €28,821 | -€35,006 | -54.8% |
| Suppliers | 440/4 | €63,827 | €28,821 | -€35,006 | -54.8% |
| Taxes, remuneration and social security | 45 | €34,705 | €11,783 | -€22,921 | -66.0% |
| Taxes | 450/3 | €34,705 | €11,783 | -€22,921 | -66.0% |
| Other amounts payable | 47/48 | €32,230 | €11,923 | -€20,306 | -63.0% |
| Accrued charges and deferred income | 492/3 | €758 | €0 | -€758 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,078 | €26,168 | +€1,090 | +4.3% |
| Other operating charges | 640/8 | €12,427 | €12,918 | +€491 | +3.9% |
| Gross operating margin | 9900 | €203,870 | €215,944 | +€12,074 | +5.9% |
| Operating profit (loss) | 9901 | €166,365 | €176,858 | +€10,494 | +6.3% |
| Financial income | 75/76B | €6,164 | €7,300 | +€1,136 | +18.4% |
| Recurring financial income | 75 | €6,164 | €7,300 | +€1,136 | +18.4% |
| Financial charges | 65/66B | €866 | €1,208 | +€341 | +39.4% |
| Recurring financial charges | 65 | €866 | €1,208 | +€341 | +39.4% |
| Profit (loss) for the period before taxes | 9903 | €171,663 | €182,951 | +€11,288 | +6.6% |
| Income taxes | 67/77 | €34,237 | €37,255 | +€3,018 | +8.8% |
| Profit (loss) for the period | 9904 | €137,426 | €145,696 | +€8,270 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €137,426 | €145,696 | +€8,270 | +6.0% |
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 9 October 2026 via checked.be.