HELLO 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.
HELLO MEAT
Largest movements
- Cash -€28,096
down €28,096 (-36.1%), from €77,821 to €49,725
mainly Trade debts (-€37,294) and Contributions, distributions and other (-€11,000)
- Tangible fixed assets -€6,536
down €6,536 (-49.8%), from €13,117 to €6,580
of which Plant, machinery and equipment: -€4,036
- Receivables within one year -€5,927
down €5,927 (-15.8%), from €37,541 to €31,614
of which Trade receivables: -€5,169
- Trade debts -€37,294
down €37,294 (-62.8%), from €59,383 to €22,089
- Other debts +€5,435
up €5,435 (+49.9%), from €10,884 to €16,319
- Tax, wage and social debts -€3,386
down €3,386 (-66.4%), from €5,102 to €1,715
of which Remuneration and social security: -€4,964
- Reserves -€3,100
down €3,100 (-6.3%), from €49,160 to €46,060
- Gross operating margin +€7,949
up €7,949 (+12.6%), from €63,316 to €71,265
- Taxes +€2,367
up €2,367 (+150%), from €1,581 to €3,948
- Staff costs -€1,406
down €1,406 (-2.7%), from €53,011 to €51,605
- Depreciation +€1,403
up €1,403 (+27.3%), from €5,133 to €6,536
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 | €137,992 | €98,138 | -€39,853 | -28.9% |
| Fixed assets | 21/28 | €15,727 | €9,190 | -€6,536 | -41.6% |
| Tangible fixed assets | 22/27 | €13,117 | €6,580 | -€6,536 | -49.8% |
| Plant, machinery and equipment | 23 | €5,794 | €1,758 | -€4,036 | -69.7% |
| Furniture and vehicles | 24 | €7,322 | €4,822 | -€2,500 | -34.1% |
| Financial fixed assets | 28 | €2,610 | €2,610 | = | 0.0% |
| Current assets | 29/58 | €122,265 | €88,948 | -€33,317 | -27.2% |
| Stocks and contracts in progress | 3 | €6,152 | €5,925 | -€228 | -3.7% |
| Stocks | 30/36 | €6,152 | €5,925 | -€228 | -3.7% |
| Amounts receivable within one year | 40/41 | €37,541 | €31,614 | -€5,927 | -15.8% |
| Trade receivables | 40 | €30,190 | €25,021 | -€5,169 | -17.1% |
| Other amounts receivable | 41 | €7,352 | €6,594 | -€758 | -10.3% |
| Cash at bank and in hand | 54/58 | €77,821 | €49,725 | -€28,096 | -36.1% |
| Deferred charges and accrued income | 490/1 | €750 | €1,684 | +€933 | +124% |
| Total equity and liabilities | 10/49 | €137,992 | €98,138 | -€39,853 | -28.9% |
| Equity | 10/15 | €59,024 | €55,974 | -€3,050 | -5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,160 | €46,060 | -€3,100 | -6.3% |
| Distributable reserves | 133 | €49,160 | €46,060 | -€3,100 | -6.3% |
| Profit (loss) carried forward | 14 | €3,664 | €3,714 | +€50 | +1.4% |
| Amounts payable | 17/49 | €78,968 | €42,164 | -€36,803 | -46.6% |
| Amounts payable within one year | 42/48 | €78,968 | €42,164 | -€36,803 | -46.6% |
| Current portion of amounts payable after more than one year | 42 | €850 | - | -€850 | |
| Financial debts | 43 | €2,748 | €2,042 | -€707 | -25.7% |
| Credit institutions | 430/8 | €2,748 | €2,042 | -€707 | -25.7% |
| Trade debts | 44 | €59,383 | €22,089 | -€37,294 | -62.8% |
| Suppliers | 440/4 | €59,383 | €22,089 | -€37,294 | -62.8% |
| Taxes, remuneration and social security | 45 | €5,102 | €1,715 | -€3,386 | -66.4% |
| Taxes | 450/3 | - | €1,577 | +€1,577 | |
| Remuneration and social security | 454/9 | €5,102 | €138 | -€4,964 | -97.3% |
| Other amounts payable | 47/48 | €10,884 | €16,319 | +€5,435 | +49.9% |
| Remuneration, social security and pensions | 62 | €53,011 | €51,605 | -€1,406 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,133 | €6,536 | +€1,403 | +27.3% |
| Other operating charges | 640/8 | €145 | €318 | +€173 | +120% |
| Gross operating margin | 9900 | €63,316 | €71,265 | +€7,949 | +12.6% |
| Operating profit (loss) | 9901 | €5,027 | €12,805 | +€7,778 | +155% |
| Financial income | 75/76B | €361 | €266 | -€95 | -26.4% |
| Recurring financial income | 75 | €361 | €266 | -€95 | -26.4% |
| Financial charges | 65/66B | €903 | €1,174 | +€271 | +30.0% |
| Recurring financial charges | 65 | €888 | €1,174 | +€286 | +32.2% |
| Non-recurring financial charges | 66B | €15 | - | -€15 | |
| Profit (loss) for the period before taxes | 9903 | €4,485 | €11,897 | +€7,412 | +165% |
| Income taxes | 67/77 | €1,581 | €3,948 | +€2,367 | +150% |
| Profit (loss) for the period | 9904 | €2,904 | €7,950 | +€5,045 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €2,904 | €7,950 | +€5,045 | +174% |
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 15 October 2026 via checked.be.