HS Meat Group: 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.
HS Meat Group
Largest movements
- Cash -€149,761
down €149,761 (-90.3%), from €165,925 to €16,163
mainly Receivables within one year (-€128,774) and Trade debts (-€28,742)
- Receivables within one year +€128,774
up €128,774 (+15.2%), from €846,858 to €975,632
of which Other amounts receivable: +€179,452
- Trade debts -€28,742
down €28,742 (-2.4%), from €1.2m to €1.2m
- Gross operating margin -€34,923
down €34,923 (-27.7%), from €126,088 to €91,165
- Staff costs -€34,865
down €34,865 (-31.6%), from €110,369 to €75,504
- Other operating charges -€1,685
down €1,685 (-51.5%), from €3,274 to €1,589
- Financial charges -€1,586
down €1,586 (-60.1%), from €2,639 to €1,052
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 | €1,473,590 | €1,450,103 | -€23,487 | -1.6% |
| Fixed assets | 21/28 | €460,808 | €458,308 | -€2,500 | -0.5% |
| Tangible fixed assets | 22/27 | €9,308 | €6,808 | -€2,500 | -26.9% |
| Plant, machinery and equipment | 23 | €9,308 | €6,808 | -€2,500 | -26.9% |
| Financial fixed assets | 28 | €451,500 | €451,500 | = | 0.0% |
| Current assets | 29/58 | €1,012,782 | €991,795 | -€20,987 | -2.1% |
| Amounts receivable within one year | 40/41 | €846,858 | €975,632 | +€128,774 | +15.2% |
| Trade receivables | 40 | €495,886 | €445,208 | -€50,677 | -10.2% |
| Other amounts receivable | 41 | €350,972 | €530,424 | +€179,452 | +51.1% |
| Cash at bank and in hand | 54/58 | €165,925 | €16,163 | -€149,761 | -90.3% |
| Total equity and liabilities | 10/49 | €1,473,590 | €1,450,103 | -€23,487 | -1.6% |
| Equity | 10/15 | €122,291 | €129,486 | +€7,194 | +5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €99,301 | €99,301 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €97,441 | €97,441 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,390 | €11,585 | +€7,194 | +164% |
| Amounts payable | 17/49 | €1,351,299 | €1,320,618 | -€30,681 | -2.3% |
| Amounts payable within one year | 42/48 | €1,351,299 | €1,320,618 | -€30,681 | -2.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,208,744 | €1,180,002 | -€28,742 | -2.4% |
| Suppliers | 440/4 | €1,208,744 | €1,180,002 | -€28,742 | -2.4% |
| Taxes, remuneration and social security | 45 | €122,830 | €120,891 | -€1,939 | -1.6% |
| Taxes | 450/3 | €38,477 | €37,688 | -€789 | -2.1% |
| Remuneration and social security | 454/9 | €84,354 | €83,204 | -€1,150 | -1.4% |
| Other amounts payable | 47/48 | €19,724 | €19,724 | = | 0.0% |
| Non-recurring operating income | 76A | €1,298 | €0 | -€1,298 | -100% |
| Remuneration, social security and pensions | 62 | €110,369 | €75,504 | -€34,865 | -31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,491 | €2,500 | -€991 | -28.4% |
| Other operating charges | 640/8 | €3,274 | €1,589 | -€1,685 | -51.5% |
| Gross operating margin | 9900 | €126,088 | €91,165 | -€34,923 | -27.7% |
| Operating profit (loss) | 9901 | €8,954 | €11,571 | +€2,617 | +29.2% |
| Financial charges | 65/66B | €2,639 | €1,052 | -€1,586 | -60.1% |
| Recurring financial charges | 65 | €2,639 | €1,052 | -€1,586 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €6,315 | €10,519 | +€4,204 | +66.6% |
| Income taxes | 67/77 | €2,455 | €3,325 | +€870 | +35.4% |
| Profit (loss) for the period | 9904 | €3,860 | €7,194 | +€3,334 | +86.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,860 | €7,194 | +€3,334 | +86.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.