Freco 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.
Freco Meat
Largest movements
- Stocks and contracts +€18,359
up €18,359 (+232%), from €7,928 to €26,287
- Receivables within one year -€17,231
down €17,231 (-38.7%), from €44,555 to €27,324
- Cash +€10,881
up €10,881 (+178%), from €6,122 to €17,003
mainly Trade debts (+€23,000) and Receivables within one year (+€17,231)
- Deferred charges and accrued income +€9,000
new in 2025: €9,000
- Trade debts +€23,000
up €23,000 (+103%), from €22,322 to €45,322
- Tax, wage and social debts -€20,684
down €20,684 (-60.2%), from €34,385 to €13,702
of which Remuneration and social security: -€17,719
- Profit (loss) carried forward +€8,880
up €8,880 (+96.2%), from -€9,235 to -€355
- Other debts +€7,781
up €7,781 (+76.7%), from €10,143 to €17,924
- Short-term financial debts +€892
new in 2025: €892
- Staff costs -€101,840
down €101,840 (-62.0%), from €164,329 to €62,489
- Gross operating margin -€81,472
down €81,472 (-52.3%), from €155,713 to €74,241
- Taxes +€2,204
new in 2025: €2,204
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 | €60,615 | €81,188 | +€20,573 | +33.9% |
| Fixed assets | 21/28 | €2,010 | €1,574 | -€436 | -21.7% |
| Tangible fixed assets | 22/27 | €2,010 | €1,574 | -€436 | -21.7% |
| Plant, machinery and equipment | 23 | €2,010 | €1,574 | -€436 | -21.7% |
| Current assets | 29/58 | €58,605 | €79,614 | +€21,009 | +35.8% |
| Stocks and contracts in progress | 3 | €7,928 | €26,287 | +€18,359 | +232% |
| Stocks | 30/36 | €7,928 | €26,287 | +€18,359 | +232% |
| Amounts receivable within one year | 40/41 | €44,555 | €27,324 | -€17,231 | -38.7% |
| Other amounts receivable | 41 | €44,555 | €27,324 | -€17,231 | -38.7% |
| Cash at bank and in hand | 54/58 | €6,122 | €17,003 | +€10,881 | +178% |
| Deferred charges and accrued income | 490/1 | - | €9,000 | +€9,000 | |
| Total equity and liabilities | 10/49 | €60,615 | €81,188 | +€20,573 | +33.9% |
| Equity | 10/15 | -€6,235 | €2,645 | +€8,880 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,235 | -€355 | +€8,880 | +96.2% |
| Amounts payable | 17/49 | €66,850 | €78,543 | +€11,693 | +17.5% |
| Amounts payable within one year | 42/48 | €66,850 | €78,543 | +€11,693 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | - | €704 | +€704 | |
| Financial debts | 43 | - | €892 | +€892 | |
| Credit institutions | 430/8 | - | €892 | +€892 | |
| Trade debts | 44 | €22,322 | €45,322 | +€23,000 | +103% |
| Suppliers | 440/4 | €22,322 | €45,322 | +€23,000 | +103% |
| Taxes, remuneration and social security | 45 | €34,385 | €13,702 | -€20,684 | -60.2% |
| Taxes | 450/3 | €7,423 | €4,459 | -€2,964 | -39.9% |
| Remuneration and social security | 454/9 | €26,962 | €9,243 | -€17,719 | -65.7% |
| Other amounts payable | 47/48 | €10,143 | €17,924 | +€7,781 | +76.7% |
| Remuneration, social security and pensions | 62 | €164,329 | €62,489 | -€101,840 | -62.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169 | €436 | +€267 | +158% |
| Other operating charges | 640/8 | €772 | €336 | -€436 | -56.5% |
| Gross operating margin | 9900 | €155,713 | €74,241 | -€81,472 | -52.3% |
| Operating profit (loss) | 9901 | -€9,558 | €10,980 | +€20,537 | |
| Financial income | 75/76B | €464 | €974 | +€509 | +110% |
| Recurring financial income | 75 | €464 | €974 | +€509 | +110% |
| Financial charges | 65/66B | €141 | €870 | +€728 | +515% |
| Recurring financial charges | 65 | €141 | €870 | +€728 | +515% |
| Profit (loss) for the period before taxes | 9903 | -€9,235 | €11,084 | +€20,318 | |
| Income taxes | 67/77 | - | €2,204 | +€2,204 | |
| Profit (loss) for the period | 9904 | -€9,235 | €8,880 | +€18,115 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,235 | €8,880 | +€18,115 |
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 17 October 2026 via checked.be.