INTERVLEES: 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.
What changed
INTERVLEES
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€6.2m
2024 · €1.5m+€4.8m
Equity
€16.6m
2024 · €10.8m+€5.8m
Cash
€653,671
2024 · €680,270-€26,600
Balance sheet total
€51.1m
2024 · €32.8m+€18.3m
Largest movements
Assets
- Deferred charges and accrued income +€8.3m
up €8.3m (+49851.1%), from €16,730 to €8.4m
- Stocks and contracts +€5.0m
up €5.0m (+23.0%), from €21.8m to €26.9m
- Receivables within one year +€5.0m
up €5.0m (+59.8%), from €8.3m to €13.3m
of which Trade receivables: +€4.7m
Equity and liabilities
- Short-term financial debts +€6.3m
up €6.3m (+42.7%), from €14.8m to €21.2m
- Trade debts +€6.2m
up €6.2m (+203.3%), from €3.0m to €9.2m
- Profit (loss) carried forward +€5.3m
up €5.3m (+102.4%), from €5.2m to €10.5m
- Reserves +€955,968
up €955,968 (+18.8%), from €5.1m to €6.0m
of which Distributable reserves: +€1.0m
- Debts after one year -€823,248
down €823,248 (-25.9%), from €3.2m to €2.3m
Income statement
- Turnover +€44.3m
up €44.3m (+53.3%), from €83.2m to €127.6m
- Goods and materials +€38.2m
up €38.2m (+48.9%), from €78.1m to €116.2m
of which Purchases: +€43.2m
- Taxes +€1.6m
up €1.6m (+316.4%), from €512,146 to €2.1m
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.
Result 2024
€1.5m
Turnover
+€44.3m
Other operating income
+€15,866
Goods and materials
-€38.2m
Services and other goods
-€264,323
Staff costs
-€69,261
Depreciation
-€16,087
Provisions
+€115,134
Other operating charges
+€9,653
Other operating items
+€18,984
Financial income
+€1.2m
Financial charges
-€828,744
Taxes
-€1.6m
Deferred taxes and other
-€643
Result 2025
€6.2m
Cash bridge derived
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.
From operations
-€5.1m
Investment
-€139,335
Financing
+€5.2m
Cash 2024
€680,270
From operations (derived)
-€5.1m
Net result for the year
+€6.2m
Depreciation
+€133,702
Stocks and contracts
-€5.0m
Receivables within one year
-€5.0m
Deferred charges and accrued income
-€8.3m
Provisions
-€110,861
Trade debts
+€6.2m
Tax, wage and social debts
+€75,700
Other debts
+€557,159
Accrued charges and deferred income
+€150,000
Investment (derived)
-€139,335
Investment in fixed assets (net)
-€139,335
Financing
+€5.2m
Debts after one year
-€823,248
Current portion of long-term debt
+€160,511
Short-term financial debts
+€6.3m
Contributions, distributions and other
-€437,499
Cash 2025
€653,671
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,792,251 | €51,124,503 | +€18.3m | +55.9% |
| Fixed assets | 21/28 | €1,920,391 | €1,926,024 | +€5,633 | +0.3% |
| Intangible fixed assets | 21 | €104,533 | €118,243 | +€13,710 | +13.1% |
| Tangible fixed assets | 22/27 | €1,721,797 | €1,807,780 | +€85,984 | +5.0% |
| Land and buildings | 22 | €1,603,888 | €1,548,057 | -€55,831 | -3.5% |
| Plant, machinery and equipment | 23 | €93,598 | €73,199 | -€20,399 | -21.8% |
| Furniture and vehicles | 24 | €24,310 | €186,524 | +€162,214 | +667.3% |
| Financial fixed assets | 28 | €94,061 | €0 | -€94,061 | -100.0% |
| Affiliated companies | 280/1 | €94,061 | €0 | -€94,061 | -100.0% |
| Participating interests | 280 | €94,061 | €0 | -€94,061 | -100.0% |
| Current assets | 29/58 | €30,871,861 | €49,198,479 | +€18.3m | +59.4% |
| Stocks and contracts in progress | 3 | €21,839,050 | €26,868,809 | +€5.0m | +23.0% |
| Stocks | 30/36 | €21,839,050 | €26,868,809 | +€5.0m | +23.0% |
| Goods purchased for resale | 34 | €21,839,050 | €26,868,809 | +€5.0m | +23.0% |
| Amounts receivable within one year | 40/41 | €8,335,811 | €13,319,178 | +€5.0m | +59.8% |
| Trade receivables | 40 | €8,244,900 | €12,922,703 | +€4.7m | +56.7% |
| Other amounts receivable | 41 | €90,910 | €396,475 | +€305,564 | +336.1% |
| Cash at bank and in hand | 54/58 | €680,270 | €653,671 | -€26,600 | -3.9% |
| Deferred charges and accrued income | 490/1 | €16,730 | €8,356,821 | +€8.3m | +49851.1% |
| Total equity and liabilities | 10/49 | €32,792,251 | €51,124,503 | +€18.3m | +55.9% |
| Equity | 10/15 | €10,757,943 | €16,565,425 | +€5.8m | +54.0% |
| Contributions | 10/11 | €500,000 | €62,500 | -€437,500 | -87.5% |
| Capital | 10 | €500,000 | €62,500 | -€437,500 | -87.5% |
| Issued capital | 100 | €500,000 | €62,500 | -€437,500 | -87.5% |
| Reserves | 13 | €5,091,979 | €6,047,947 | +€955,968 | +18.8% |
| Non-distributable reserves | 130/1 | €50,000 | €6,250 | -€43,750 | -87.5% |
| Legal reserve | 130 | €50,000 | €6,250 | -€43,750 | -87.5% |
| Tax-exempt reserves | 132 | €1,621,979 | €1,588,597 | -€33,382 | -2.1% |
| Distributable reserves | 133 | €3,420,000 | €4,453,100 | +€1.0m | +30.2% |
| Profit (loss) carried forward | 14 | €5,165,965 | €10,454,978 | +€5.3m | +102.4% |
| Provisions and deferred taxes | 16 | €348,515 | €237,654 | -€110,861 | -31.8% |
| Provisions for liabilities and charges | 160/5 | €194,318 | €92,802 | -€101,516 | -52.2% |
| Other liabilities and charges | 164/5 | €194,318 | €92,802 | -€101,516 | -52.2% |
| Deferred taxes | 168 | €154,197 | €144,851 | -€9,345 | -6.1% |
| Amounts payable | 17/49 | €21,685,794 | €34,321,424 | +€12.6m | +58.3% |
| Amounts payable after more than one year | 17 | €3,172,866 | €2,349,619 | -€823,248 | -25.9% |
| Financial debts | 170/4 | €3,172,866 | €2,349,619 | -€823,248 | -25.9% |
| Credit institutions | 173 | €422,866 | €899,619 | +€476,752 | +112.7% |
| Other loans | 174 | €2,750,000 | €1,450,000 | -€1.3m | -47.3% |
| Amounts payable within one year | 42/48 | €18,512,927 | €31,821,805 | +€13.3m | +71.9% |
| Current portion of amounts payable after more than one year | 42 | €29,404 | €189,914 | +€160,511 | +545.9% |
| Financial debts | 43 | €14,843,669 | €21,185,578 | +€6.3m | +42.7% |
| Credit institutions | 430/8 | €14,843,669 | €21,185,578 | +€6.3m | +42.7% |
| Trade debts | 44 | €3,036,965 | €9,210,565 | +€6.2m | +203.3% |
| Suppliers | 440/4 | €3,036,965 | €9,210,565 | +€6.2m | +203.3% |
| Taxes, remuneration and social security | 45 | €200,072 | €275,771 | +€75,700 | +37.8% |
| Taxes | 450/3 | €150,240 | €207,614 | +€57,375 | +38.2% |
| Remuneration and social security | 454/9 | €49,832 | €68,157 | +€18,325 | +36.8% |
| Other amounts payable | 47/48 | €402,818 | €959,977 | +€557,159 | +138.3% |
| Accrued charges and deferred income | 492/3 | €0 | €150,000 | +€150,000 | |
| Operating income | 70/76A | €83,282,000 | €127,628,438 | +€44.3m | +53.2% |
| Turnover | 70 | €83,233,829 | €127,564,400 | +€44.3m | +53.3% |
| Other operating income | 74 | €48,172 | €64,038 | +€15,866 | +32.9% |
| Operating charges | 60/66A | €80,458,184 | €118,831,102 | +€38.4m | +47.7% |
| Goods for resale, raw materials and consumables | 60 | €78,069,065 | €116,236,083 | +€38.2m | +48.9% |
| Purchases | 600/8 | €78,090,895 | €121,265,843 | +€43.2m | +55.3% |
| Change in stocks: decrease (increase) | 609 | -€21,830 | -€5,029,759 | -€5.0m | -22940.7% |
| Services and other goods | 61 | €1,351,383 | €1,615,706 | +€264,323 | +19.6% |
| Remuneration, social security and pensions | 62 | €709,917 | €779,177 | +€69,261 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,616 | €133,702 | +€16,087 | +13.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €13,618 | -€101,516 | -€115,134 | |
| Other operating charges | 640/8 | €31,086 | €21,433 | -€9,653 | -31.1% |
| Non-recurring operating charges | 66A | €165,499 | €146,516 | -€18,984 | -11.5% |
| Operating profit (loss) | 9901 | €2,823,816 | €8,797,336 | +€6.0m | +211.5% |
| Financial income | 75/76B | €162,042 | €1,389,796 | +€1.2m | +757.7% |
| Recurring financial income | 75 | €126,120 | €1,083,358 | +€957,238 | +759.0% |
| Income from financial fixed assets | 750 | €396 | €306 | -€91 | -22.9% |
| Other financial income | 752/9 | €125,723 | €1,083,052 | +€957,328 | +761.5% |
| Non-recurring financial income | 76B | €35,923 | €306,439 | +€270,516 | +753.1% |
| Financial charges | 65/66B | €990,121 | €1,818,865 | +€828,744 | +83.7% |
| Recurring financial charges | 65 | €981,249 | €1,512,426 | +€531,177 | +54.1% |
| Debt charges | 650 | €467,504 | €609,578 | +€142,075 | +30.4% |
| Other financial charges | 652/9 | €513,745 | €902,848 | +€389,103 | +75.7% |
| Non-recurring financial charges | 66B | €8,872 | €306,439 | +€297,567 | +3353.9% |
| Profit (loss) for the period before taxes | 9903 | €1,995,737 | €8,368,267 | +€6.4m | +319.3% |
| Transfer from deferred taxes | 780 | €9,989 | €9,345 | -€643 | -6.4% |
| Income taxes | 67/77 | €512,146 | €2,132,631 | +€1.6m | +316.4% |
| Taxes | 670/3 | €512,146 | €2,132,631 | +€1.6m | +316.4% |
| Profit (loss) for the period | 9904 | €1,493,580 | €6,244,981 | +€4.8m | +318.1% |
| Transfer from tax-exempt reserves | 789 | €29,966 | €1,017,386 | +€987,420 | +3295.1% |
| Transfer to tax-exempt reserves | 689 | €140,066 | €984,003 | +€843,937 | +602.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,383,480 | €6,278,363 | +€4.9m | +353.8% |
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 9 October 2026 via checked.be.