HERO 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.
HERO MEAT
Largest movements
- Receivables within one year +€206,628
up €206,628 (+76.8%), from €269,210 to €475,838
of which Trade receivables: +€226,920
- Tangible fixed assets -€117,479
down €117,479 (-52.1%), from €225,431 to €107,952
of which Furniture and vehicles: -€114,925
- Cash -€53,059
down €53,059 (-21.0%), from €252,957 to €199,898
mainly Provisions (-€211,257) and Receivables within one year (-€206,628)
- Provisions -€211,257
no longer reported in 2024 (was €211,257)
- Advances received +€170,952
new in 2024: €170,952
- Trade debts +€75,433
up €75,433 (+103%), from €73,505 to €148,939
- Short-term financial debts -€23,560
no longer reported in 2024 (was €23,560)
- Profit (loss) carried forward +€17,909
new in 2024: €17,909
- Gross operating margin +€476,111
up €476,111 (+42.3%), from €1.1m to €1.6m
- Staff costs +€453,782
up €453,782 (+45.3%), from €1.0m to €1.5m
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €754,736 | €786,263 | +€31,527 | +4.2% |
| Fixed assets | 21/28 | €228,006 | €110,527 | -€117,479 | -51.5% |
| Tangible fixed assets | 22/27 | €225,431 | €107,952 | -€117,479 | -52.1% |
| Plant, machinery and equipment | 23 | €2,268 | €1,426 | -€842 | -37.1% |
| Furniture and vehicles | 24 | €219,187 | €104,262 | -€114,925 | -52.4% |
| Other tangible fixed assets | 26 | €3,976 | €2,264 | -€1,712 | -43.1% |
| Financial fixed assets | 28 | €2,575 | €2,575 | = | 0.0% |
| Current assets | 29/58 | €526,730 | €675,736 | +€149,006 | +28.3% |
| Amounts receivable within one year | 40/41 | €269,210 | €475,838 | +€206,628 | +76.8% |
| Trade receivables | 40 | €180,993 | €407,913 | +€226,920 | +125% |
| Other amounts receivable | 41 | €88,216 | €67,925 | -€20,292 | -23.0% |
| Cash at bank and in hand | 54/58 | €252,957 | €199,898 | -€53,059 | -21.0% |
| Deferred charges and accrued income | 490/1 | €4,563 | - | -€4,563 | |
| Total equity and liabilities | 10/49 | €754,736 | €786,263 | +€31,527 | +4.2% |
| Equity | 10/15 | €250,249 | €268,159 | +€17,909 | +7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €231,649 | €231,649 | = | 0.0% |
| Distributable reserves | 133 | €231,649 | €231,649 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €17,909 | +€17,909 | |
| Provisions and deferred taxes | 16 | €211,257 | - | -€211,257 | |
| Provisions for liabilities and charges | 160/5 | €211,257 | - | -€211,257 | |
| Environmental obligations | 163 | €211,257 | - | -€211,257 | |
| Amounts payable | 17/49 | €293,230 | €518,105 | +€224,875 | +76.7% |
| Amounts payable within one year | 42/48 | €292,679 | €518,105 | +€225,426 | +77.0% |
| Current portion of amounts payable after more than one year | 42 | €5,938 | €11,812 | +€5,874 | +98.9% |
| Financial debts | 43 | €23,560 | - | -€23,560 | |
| Credit institutions | 430/8 | €23,560 | - | -€23,560 | |
| Trade debts | 44 | €73,505 | €148,939 | +€75,433 | +103% |
| Suppliers | 440/4 | €73,505 | €148,939 | +€75,433 | +103% |
| Advances received on contracts in progress | 46 | - | €170,952 | +€170,952 | |
| Taxes, remuneration and social security | 45 | €189,675 | €186,402 | -€3,274 | -1.7% |
| Taxes | 450/3 | €51,038 | €9,818 | -€41,220 | -80.8% |
| Remuneration and social security | 454/9 | €138,637 | €176,583 | +€37,946 | +27.4% |
| Accrued charges and deferred income | 492/3 | €551 | - | -€551 | |
| Non-recurring operating income | 76A | €14,345 | - | -€14,345 | |
| Remuneration, social security and pensions | 62 | €1,002,732 | €1,456,514 | +€453,782 | +45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,590 | €36,483 | -€11,107 | -23.3% |
| Other operating charges | 640/8 | €22,456 | €6,630 | -€15,827 | -70.5% |
| Non-recurring operating charges | 66A | €220,300 | €82,282 | -€138,018 | -62.6% |
| Gross operating margin | 9900 | €1,124,902 | €1,601,013 | +€476,111 | +42.3% |
| Operating profit (loss) | 9901 | -€168,176 | €19,105 | +€187,281 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,606 | €1,195 | -€1,411 | -54.1% |
| Recurring financial charges | 65 | €547 | €1,195 | +€649 | +119% |
| Non-recurring financial charges | 66B | €2,060 | - | -€2,060 | |
| Profit (loss) for the period before taxes | 9903 | -€170,783 | €17,909 | +€188,692 | |
| Profit (loss) for the period | 9904 | -€170,783 | €17,909 | +€188,692 | |
| Profit (loss) for the period to be appropriated | 9905 | -€170,783 | €17,909 | +€188,692 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.