J.K. MESTERIJEN: 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
J.K. MESTERIJEN
NACE 01.410, Raising of dairy cattle
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€14,203
2024 · -€6,858+€21,062
Equity
€649,244
2024 · €635,041+€14,203
Cash
€18,587
2024 · €8,924+€9,663
Balance sheet total
€2.2m
2024 · €1.7m+€440,697
Largest movements
Assets
- Tangible fixed assets +€462,383
up €462,383 (+27.5%), from €1.7m to €2.1m
of which Land and buildings: +€474,785
- Receivables within one year -€38,812
down €38,812 (-90.9%), from €42,697 to €3,885
of which Trade receivables: -€37,481
Equity and liabilities
- Debts after one year +€414,159
up €414,159 (+42.8%), from €967,629 to €1.4m
of which Financial debts: +€338,239
- Current portion of long-term debt +€23,778
up €23,778 (+30.5%), from €77,983 to €101,761
- Short-term financial debts -€23,318
down €23,318 (-46.6%), from €50,000 to €26,682
Income statement
- Gross operating margin +€76,385
up €76,385 (+57.4%), from €133,021 to €209,406
- Depreciation +€42,791
up €42,791 (+59.6%), from €71,799 to €114,590
- Financial charges +€10,786
up €10,786 (+18.6%), from €58,077 to €68,863
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
-€6,858
Gross operating margin
+€76,385
Depreciation
-€42,791
Other operating charges
+€559
Financial income
-€226
Financial charges
-€10,786
Taxes
-€2,079
Result 2025
€14,203
raises the resultlowers the result
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.
From operations
+€172,018
Investment
-€576,973
Financing
+€414,619
Cash 2024
€8,924
From operations (derived)
+€172,018
Net result for the year
+€14,203
Depreciation
+€114,590
Stocks and contracts
-€9,044
Receivables within one year
+€38,812
Deferred charges and accrued income
+€1,581
Trade debts
+€10,895
Smaller working-capital items
+€980
Investment (derived)
-€576,973
Investment in fixed assets (net)
-€576,973
Financing
+€414,619
Debts after one year
+€414,159
Current portion of long-term debt
+€23,778
Short-term financial debts
-€23,318
Cash 2025
€18,587
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,749,209 | €2,189,906 | +€440,697 | +25.2% |
| Fixed assets | 21/28 | €1,679,692 | €2,142,075 | +€462,383 | +27.5% |
| Tangible fixed assets | 22/27 | €1,679,692 | €2,142,075 | +€462,383 | +27.5% |
| Land and buildings | 22 | €1,511,914 | €1,986,699 | +€474,785 | +31.4% |
| Plant, machinery and equipment | 23 | €108,255 | €109,283 | +€1,028 | +0.9% |
| Furniture and vehicles | 24 | €59,524 | €46,094 | -€13,430 | -22.6% |
| Current assets | 29/58 | €69,516 | €47,831 | -€21,686 | -31.2% |
| Stocks and contracts in progress | 3 | €10,169 | €19,213 | +€9,044 | +88.9% |
| Stocks | 30/36 | €10,169 | €19,213 | +€9,044 | +88.9% |
| Amounts receivable within one year | 40/41 | €42,697 | €3,885 | -€38,812 | -90.9% |
| Trade receivables | 40 | €37,755 | €273 | -€37,481 | -99.3% |
| Other amounts receivable | 41 | €4,942 | €3,611 | -€1,331 | -26.9% |
| Cash at bank and in hand | 54/58 | €8,924 | €18,587 | +€9,663 | +108% |
| Deferred charges and accrued income | 490/1 | €7,727 | €6,146 | -€1,581 | -20.5% |
| Total equity and liabilities | 10/49 | €1,749,209 | €2,189,906 | +€440,697 | +25.2% |
| Equity | 10/15 | €635,041 | €649,244 | +€14,203 | +2.2% |
| Contributions | 10/11 | €445,250 | €445,250 | = | 0.0% |
| Capital | 10 | €445,250 | €445,250 | = | 0.0% |
| Issued capital | 100 | €445,250 | €445,250 | = | 0.0% |
| Reserves | 13 | €37,140 | €37,140 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,200 | €9,200 | = | 0.0% |
| Legal reserve | 130 | €9,200 | €9,200 | = | 0.0% |
| Distributable reserves | 133 | €27,940 | €27,940 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,651 | €166,854 | +€14,203 | +9.3% |
| Amounts payable | 17/49 | €1,114,168 | €1,540,662 | +€426,494 | +38.3% |
| Amounts payable after more than one year | 17 | €967,629 | €1,381,788 | +€414,159 | +42.8% |
| Financial debts | 170/4 | €382,463 | €720,702 | +€338,239 | +88.4% |
| Other amounts payable | 178/9 | €585,167 | €661,086 | +€75,920 | +13.0% |
| Amounts payable within one year | 42/48 | €146,539 | €157,923 | +€11,385 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €77,983 | €101,761 | +€23,778 | +30.5% |
| Financial debts | 43 | €50,000 | €26,682 | -€23,318 | -46.6% |
| Credit institutions | 430/8 | €50,000 | €26,682 | -€23,318 | -46.6% |
| Trade debts | 44 | €3,419 | €14,314 | +€10,895 | +319% |
| Suppliers | 440/4 | €3,419 | €14,314 | +€10,895 | +319% |
| Taxes, remuneration and social security | 45 | €12,886 | €12,916 | +€30 | +0.2% |
| Taxes | 450/3 | €12,886 | €12,916 | +€30 | +0.2% |
| Other amounts payable | 47/48 | €2,250 | €2,250 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €950 | +€950 | |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,799 | €114,590 | +€42,791 | +59.6% |
| Other operating charges | 640/8 | €10,172 | €9,613 | -€559 | -5.5% |
| Gross operating margin | 9900 | €133,021 | €209,406 | +€76,385 | +57.4% |
| Operating profit (loss) | 9901 | €51,049 | €85,203 | +€34,153 | +66.9% |
| Financial income | 75/76B | €227 | €0 | -€226 | -99.8% |
| Recurring financial income | 75 | €227 | €0 | -€226 | -99.8% |
| Financial charges | 65/66B | €58,077 | €68,863 | +€10,786 | +18.6% |
| Recurring financial charges | 65 | €58,077 | €68,863 | +€10,786 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,801 | €16,340 | +€23,141 | |
| Income taxes | 67/77 | €58 | €2,137 | +€2,079 | +3,607% |
| Profit (loss) for the period | 9904 | -€6,858 | €14,203 | +€21,062 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,858 | €14,203 | +€21,062 |
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 29 October 2026 via checked.be.