ISLA-MEAT: what changed
Two fiscal 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
ISLA-MEAT
NACE 10.111, Manufacture of food products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€17,172
2024 · €692,147-€674,975
Equity
€1.7m
2024 · €1.6m+€17,172
Cash
€916,020
2024 · €1.0m-€100,104
Balance sheet total
€3.1m
2024 · €2.7m+€417,872
Largest movements
Assets
- Receivables within one year +€217,400
up €217,400 (+23.2%), from €936,662 to €1.2m
of which Trade receivables: +€158,627
- Current investments +€200,000
up €200,000, from €0 to €200,000
- Cash -€100,104
down €100,104 (-9.9%), from €1.0m to €916,020
mainly Receivables within one year (-€217,400) and Investment in fixed assets (net) (-€202,668)
- Tangible fixed assets +€82,921
up €82,921 (+11.6%), from €717,819 to €800,740
of which Furniture and vehicles: +€101,938
Equity and liabilities
- Trade debts +€197,349
up €197,349 (+31.6%), from €625,508 to €822,857
- Other debts +€111,326
up €111,326 (+621.1%), from €17,924 to €129,251
- Debts after one year +€80,153
up €80,153 (+97.1%), from €82,587 to €162,740
Income statement
- Turnover -€11.8m
no longer reported in 2025 (was €11.8m)
- Purchases and services -€10.4m
no longer reported in 2025 (was €10.4m)
- Gross operating margin -€927,134
down €927,134 (-64.1%), from €1.4m to €518,416
- Taxes -€323,460
down €323,460 (-89.5%), from €361,357 to €37,897
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
€692,147
Gross operating margin
-€927,134
Staff costs
-€52,760
Depreciation
-€28,359
Write-downs
+€11,535
Other operating charges
-€20,259
Other operating items
+€29,620
Financial income
+€944
Financial charges
-€11,980
Taxes
+€323,460
Deferred taxes and other
-€43
Result 2025
€17,172
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
+€191,568
Investment
-€402,668
Financing
+€110,995
Cash 2024
€1.0m
From operations (derived)
+€191,568
Net result for the year
+€17,172
Depreciation
+€117,951
Stocks and contracts
-€2,985
Receivables within one year
-€217,400
Deferred charges and accrued income
-€12,874
Smaller working-capital items
-€815
Trade debts
+€197,349
Tax, wage and social debts
-€18,156
Other debts
+€111,326
Investment (derived)
-€402,668
Investment in fixed assets (net)
-€202,668
Current investments
-€200,000
Financing
+€110,995
Debts after one year
+€80,153
Current portion of long-term debt
+€30,843
Cash 2025
€916,020
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,687,875 | €3,105,748 | +€417,872 | +15.5% |
| Fixed assets | 21/28 | €717,954 | €802,671 | +€84,717 | +11.8% |
| Tangible fixed assets | 22/27 | €717,819 | €800,740 | +€82,921 | +11.6% |
| Land and buildings | 22 | €222,857 | €186,283 | -€36,574 | -16.4% |
| Plant, machinery and equipment | 23 | €51,471 | €69,852 | +€18,380 | +35.7% |
| Furniture and vehicles | 24 | €158,487 | €260,425 | +€101,938 | +64.3% |
| Other tangible fixed assets | 26 | €285,003 | €284,180 | -€824 | -0.3% |
| Financial fixed assets | 28 | €135 | €1,931 | +€1,796 | +1330.7% |
| Current assets | 29/58 | €1,969,921 | €2,303,077 | +€333,155 | +16.9% |
| Stocks and contracts in progress | 3 | €6,145 | €9,130 | +€2,985 | +48.6% |
| Stocks | 30/36 | €6,145 | €9,130 | +€2,985 | +48.6% |
| Amounts receivable within one year | 40/41 | €936,662 | €1,154,062 | +€217,400 | +23.2% |
| Trade receivables | 40 | €923,778 | €1,082,405 | +€158,627 | +17.2% |
| Other amounts receivable | 41 | €12,884 | €71,658 | +€58,774 | +456.2% |
| Current investments | 50/53 | €0 | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €1,016,125 | €916,020 | -€100,104 | -9.9% |
| Deferred charges and accrued income | 490/1 | €10,990 | €23,864 | +€12,874 | +117.1% |
| Total equity and liabilities | 10/49 | €2,687,875 | €3,105,748 | +€417,872 | +15.5% |
| Equity | 10/15 | €1,646,623 | €1,663,795 | +€17,172 | +1.0% |
| Contributions | 10/11 | €6,375 | €6,375 | = | 0.0% |
| Revaluation surpluses | 12 | €29,050 | €29,050 | = | 0.0% |
| Reserves | 13 | €1,293,202 | €1,310,370 | +€17,168 | +1.3% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,882 | €0 | -€1,882 | -100.0% |
| Distributable reserves | 133 | €1,289,445 | €1,308,495 | +€19,050 | +1.5% |
| Profit (loss) carried forward | 14 | €317,995 | €318,000 | +€4 | 0.0% |
| Provisions and deferred taxes | 16 | €169,599 | €169,128 | -€471 | -0.3% |
| Provisions for liabilities and charges | 160/5 | €169,128 | €169,128 | = | 0.0% |
| Major repairs and maintenance | 162 | €36,628 | €169,128 | +€132,500 | +361.7% |
| Other liabilities and charges | 164/5 | €132,500 | €0 | -€132,500 | -100.0% |
| Deferred taxes | 168 | €471 | €0 | -€471 | -100.0% |
| Amounts payable | 17/49 | €871,654 | €1,272,825 | +€401,171 | +46.0% |
| Amounts payable after more than one year | 17 | €82,587 | €162,740 | +€80,153 | +97.1% |
| Financial debts | 170/4 | €82,587 | €162,740 | +€80,153 | +97.1% |
| Amounts payable within one year | 42/48 | €783,607 | €1,104,969 | +€321,362 | +41.0% |
| Current portion of amounts payable after more than one year | 42 | €23,183 | €54,025 | +€30,843 | +133.0% |
| Trade debts | 44 | €625,508 | €822,857 | +€197,349 | +31.6% |
| Suppliers | 440/4 | €625,508 | €822,857 | +€197,349 | +31.6% |
| Taxes, remuneration and social security | 45 | €116,992 | €98,836 | -€18,156 | -15.5% |
| Taxes | 450/3 | €82,257 | €66,597 | -€15,659 | -19.0% |
| Remuneration and social security | 454/9 | €34,735 | €32,239 | -€2,497 | -7.2% |
| Other amounts payable | 47/48 | €17,924 | €129,251 | +€111,326 | +621.1% |
| Accrued charges and deferred income | 492/3 | €5,461 | €5,116 | -€345 | -6.3% |
| Turnover | 70 | €11,779,115 | - | -€11.8m | |
| Non-recurring operating income | 76A | €269 | €21,875 | +€21,606 | +8033.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,370,320 | - | -€10.4m | |
| Remuneration, social security and pensions | 62 | €238,876 | €291,636 | +€52,760 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,592 | €117,951 | +€28,359 | +31.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,535 | €0 | -€11,535 | -100.0% |
| Other operating charges | 640/8 | €12,977 | €33,236 | +€20,259 | +156.1% |
| Non-recurring operating charges | 66A | €30,660 | €1,040 | -€29,620 | -96.6% |
| Gross operating margin | 9900 | €1,445,551 | €518,416 | -€927,134 | -64.1% |
| Operating profit (loss) | 9901 | €1,061,910 | €74,553 | -€987,356 | -93.0% |
| Financial income | 75/76B | €811 | €1,754 | +€944 | +116.4% |
| Recurring financial income | 75 | €811 | €1,754 | +€944 | +116.4% |
| Financial charges | 65/66B | €9,730 | €21,709 | +€11,980 | +123.1% |
| Recurring financial charges | 65 | €9,730 | €21,709 | +€11,980 | +123.1% |
| Profit (loss) for the period before taxes | 9903 | €1,052,991 | €54,598 | -€998,392 | -94.8% |
| Transfer from deferred taxes | 780 | €513 | €471 | -€43 | -8.3% |
| Income taxes | 67/77 | €361,357 | €37,897 | -€323,460 | -89.5% |
| Profit (loss) for the period | 9904 | €692,147 | €17,172 | -€674,975 | -97.5% |
| Transfer from tax-exempt reserves | 789 | €2,053 | €1,882 | -€171 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €694,200 | €19,054 | -€675,146 | -97.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.