GBK 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.
GBK MEAT
Largest movements
- Receivables within one year +€42,427
up €42,427 (+44.4%), from €95,510 to €137,937
of which Other amounts receivable: +€49,788
- Cash -€39,167
down €39,167 (-21.7%), from €180,411 to €141,244
mainly Contributions, distributions and other (-€73,171) and Receivables within one year (-€42,427)
- Intangible fixed assets -€33,000
down €33,000 (-26.6%), from €124,000 to €91,000
- Tangible fixed assets +€21,919
up €21,919 (+86.6%), from €25,302 to €47,221
of which Furniture and vehicles: +€24,970
- Tax, wage and social debts -€41,632
down €41,632 (-56.5%), from €73,686 to €32,054
of which Taxes: -€28,031
- Trade debts -€32,923
down €32,923 (-59.3%), from €55,482 to €22,559
- Profit (loss) carried forward +€30,337
up €30,337 (+28.5%), from €106,322 to €136,659
- Other debts +€30,000
up €30,000 (+100%), from €30,000 to €60,000
- Current portion of long-term debt +€7,877
up €7,877 (+34.5%), from €22,864 to €30,741
- Gross operating margin +€40,412
up €40,412 (+9.5%), from €423,226 to €463,638
- Financial charges +€17,658
up €17,658 (+184%), from €9,617 to €27,275
of which Financial charges: +€19,036
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 | €447,889 | €437,225 | -€10,664 | -2.4% |
| Fixed assets | 21/28 | €157,402 | €146,321 | -€11,081 | -7.0% |
| Intangible fixed assets | 21 | €124,000 | €91,000 | -€33,000 | -26.6% |
| Tangible fixed assets | 22/27 | €25,302 | €47,221 | +€21,919 | +86.6% |
| Plant, machinery and equipment | 23 | €3,051 | - | -€3,051 | |
| Furniture and vehicles | 24 | €22,251 | €47,221 | +€24,970 | +112% |
| Financial fixed assets | 28 | €8,100 | €8,100 | = | 0.0% |
| Current assets | 29/58 | €290,487 | €290,904 | +€417 | +0.1% |
| Stocks and contracts in progress | 3 | €14,566 | €11,723 | -€2,843 | -19.5% |
| Stocks | 30/36 | €14,566 | €11,723 | -€2,843 | -19.5% |
| Amounts receivable within one year | 40/41 | €95,510 | €137,937 | +€42,427 | +44.4% |
| Trade receivables | 40 | €13,220 | €5,859 | -€7,361 | -55.7% |
| Other amounts receivable | 41 | €82,290 | €132,078 | +€49,788 | +60.5% |
| Cash at bank and in hand | 54/58 | €180,411 | €141,244 | -€39,167 | -21.7% |
| Total equity and liabilities | 10/49 | €447,889 | €437,225 | -€10,664 | -2.4% |
| Equity | 10/15 | €198,722 | €229,059 | +€30,337 | +15.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €80,000 | €80,000 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,322 | €136,659 | +€30,337 | +28.5% |
| Amounts payable | 17/49 | €249,167 | €208,166 | -€41,001 | -16.5% |
| Amounts payable after more than one year | 17 | €67,135 | €62,812 | -€4,323 | -6.4% |
| Financial debts | 170/4 | €67,135 | €62,812 | -€4,323 | -6.4% |
| Amounts payable within one year | 42/48 | €182,032 | €145,354 | -€36,678 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €22,864 | €30,741 | +€7,877 | +34.5% |
| Trade debts | 44 | €55,482 | €22,559 | -€32,923 | -59.3% |
| Suppliers | 440/4 | €55,482 | €22,559 | -€32,923 | -59.3% |
| Taxes, remuneration and social security | 45 | €73,686 | €32,054 | -€41,632 | -56.5% |
| Taxes | 450/3 | €58,686 | €30,655 | -€28,031 | -47.8% |
| Remuneration and social security | 454/9 | €15,000 | €1,399 | -€13,601 | -90.7% |
| Other amounts payable | 47/48 | €30,000 | €60,000 | +€30,000 | +100% |
| Remuneration, social security and pensions | 62 | €256,594 | €254,694 | -€1,900 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,455 | €45,277 | +€3,822 | +9.2% |
| Other operating charges | 640/8 | €1,345 | €978 | -€367 | -27.3% |
| Gross operating margin | 9900 | €423,226 | €463,638 | +€40,412 | +9.5% |
| Operating profit (loss) | 9901 | €123,832 | €162,689 | +€38,857 | +31.4% |
| Financial income | 75/76B | €77 | €340 | +€263 | +342% |
| Recurring financial income | 75 | €77 | €340 | +€263 | +342% |
| Financial charges | 65/66B | €9,617 | €27,275 | +€17,658 | +184% |
| Recurring financial charges | 65 | €8,239 | €27,275 | +€19,036 | +231% |
| Non-recurring financial charges | 66B | €1,378 | - | -€1,378 | |
| Profit (loss) for the period before taxes | 9903 | €114,292 | €135,754 | +€21,462 | +18.8% |
| Income taxes | 67/77 | €29,400 | €32,246 | +€2,846 | +9.7% |
| Profit (loss) for the period | 9904 | €84,892 | €103,508 | +€18,616 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €84,892 | €103,508 | +€18,616 | +21.9% |
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 20 October 2026 via checked.be.