HaFra-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.
HaFra-Meat
Largest movements
- Cash +€17,335
up €17,335 (+37.5%), from €46,194 to €63,529
mainly Net result for the year (+€53,511) and Depreciation (+€42,062)
- Other debts -€73,432
down €73,432 (-48.2%), from €152,238 to €78,806
- Reserves +€53,511
up €53,511 (+76.6%), from €69,831 to €123,342
- Debts after one year +€33,767
up €33,767 (+7.3%), from €463,990 to €497,757
of which Other amounts payable: +€76,629
- Tax, wage and social debts -€25,843
down €25,843 (-43.5%), from €59,361 to €33,517
of which Remuneration and social security: -€14,264
- Trade debts +€18,136
up €18,136 (+91.5%), from €19,815 to €37,952
- Staff costs -€73,276
down €73,276 (-27.4%), from €267,119 to €193,843
- Gross operating margin -€42,190
down €42,190 (-11.1%), from €381,182 to €338,992
- Taxes +€9,606
up €9,606 (+62.0%), from €15,492 to €25,098
- Depreciation +€4,209
up €4,209 (+11.1%), from €37,853 to €42,062
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 | €833,189 | €858,096 | +€24,907 | +3.0% |
| Fixed assets | 21/28 | €751,176 | €757,500 | +€6,324 | +0.8% |
| Tangible fixed assets | 22/27 | €751,176 | €757,500 | +€6,324 | +0.8% |
| Land and buildings | 22 | €671,642 | €660,793 | -€10,849 | -1.6% |
| Plant, machinery and equipment | 23 | €76,859 | €65,422 | -€11,437 | -14.9% |
| Furniture and vehicles | 24 | €2,674 | €31,284 | +€28,610 | +1,070% |
| Current assets | 29/58 | €82,013 | €100,596 | +€18,583 | +22.7% |
| Stocks and contracts in progress | 3 | €17,496 | €18,418 | +€922 | +5.3% |
| Stocks | 30/36 | €17,496 | €18,418 | +€922 | +5.3% |
| Amounts receivable within one year | 40/41 | €18,323 | €17,078 | -€1,245 | -6.8% |
| Trade receivables | 40 | €14,707 | €5,212 | -€9,495 | -64.6% |
| Other amounts receivable | 41 | €3,616 | €11,866 | +€8,250 | +228% |
| Cash at bank and in hand | 54/58 | €46,194 | €63,529 | +€17,335 | +37.5% |
| Deferred charges and accrued income | 490/1 | €0 | €1,571 | +€1,571 | |
| Total equity and liabilities | 10/49 | €833,189 | €858,096 | +€24,907 | +3.0% |
| Equity | 10/15 | €72,831 | €126,342 | +€53,511 | +73.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €69,831 | €123,342 | +€53,511 | +76.6% |
| Distributable reserves | 133 | €69,831 | €123,342 | +€53,511 | +76.6% |
| Amounts payable | 17/49 | €760,358 | €731,754 | -€28,604 | -3.8% |
| Amounts payable after more than one year | 17 | €463,990 | €497,757 | +€33,767 | +7.3% |
| Financial debts | 170/4 | €463,990 | €421,128 | -€42,862 | -9.2% |
| Other amounts payable | 178/9 | - | €76,629 | +€76,629 | |
| Amounts payable within one year | 42/48 | €296,368 | €233,997 | -€62,371 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €64,954 | €71,962 | +€7,008 | +10.8% |
| Financial debts | 43 | - | €11,761 | +€11,761 | |
| Credit institutions | 430/8 | - | €11,761 | +€11,761 | |
| Trade debts | 44 | €19,815 | €37,952 | +€18,136 | +91.5% |
| Suppliers | 440/4 | €19,815 | €37,952 | +€18,136 | +91.5% |
| Taxes, remuneration and social security | 45 | €59,361 | €33,517 | -€25,843 | -43.5% |
| Taxes | 450/3 | €27,469 | €15,890 | -€11,579 | -42.2% |
| Remuneration and social security | 454/9 | €31,892 | €17,628 | -€14,264 | -44.7% |
| Other amounts payable | 47/48 | €152,238 | €78,806 | -€73,432 | -48.2% |
| Remuneration, social security and pensions | 62 | €267,119 | €193,843 | -€73,276 | -27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,853 | €42,062 | +€4,209 | +11.1% |
| Other operating charges | 640/8 | €1,255 | €2,187 | +€932 | +74.3% |
| Gross operating margin | 9900 | €381,182 | €338,992 | -€42,190 | -11.1% |
| Operating profit (loss) | 9901 | €74,955 | €100,900 | +€25,946 | +34.6% |
| Financial income | 75/76B | €0 | €467 | +€467 | |
| Recurring financial income | 75 | €0 | €467 | +€467 | |
| Financial charges | 65/66B | €22,536 | €22,758 | +€222 | +1.0% |
| Recurring financial charges | 65 | €22,536 | €22,758 | +€222 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €52,418 | €78,609 | +€26,191 | +50.0% |
| Income taxes | 67/77 | €15,492 | €25,098 | +€9,606 | +62.0% |
| Profit (loss) for the period | 9904 | €36,927 | €53,511 | +€16,585 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,927 | €53,511 | +€16,585 | +44.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.