JO HERBOTS: 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
JO HERBOTS
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
€704,493
2024 · €685,508+€18,985
Equity
€2.2m
2024 · €1.5m+€704,493
Cash
€425,904
2024 · €135,656+€290,248
Balance sheet total
€17.9m
2024 · €11.9m+€5.9m
Largest movements
Assets
- Receivables within one year +€3.2m
up €3.2m (+36.1%), from €8.9m to €12.0m
of which Trade receivables: +€2.5m
- Tangible fixed assets +€1.6m
up €1.6m (+99.1%), from €1.6m to €3.3m
of which Leasing and similar rights: +€1.3m
- Stocks and contracts +€690,886
up €690,886 (+58.9%), from €1.2m to €1.9m
- Cash +€290,248
up €290,248 (+214.0%), from €135,656 to €425,904
mainly Trade debts (+€2.5m) and Short-term financial debts (+€2.1m)
Equity and liabilities
- Trade debts +€2.5m
up €2.5m (+52.0%), from €4.8m to €7.2m
- Short-term financial debts +€2.1m
up €2.1m (+67.8%), from €3.1m to €5.3m
- Debts after one year +€823,891
up €823,891 (+62.6%), from €1.3m to €2.1m
- Profit (loss) carried forward +€704,493
up €704,493 (+54.8%), from €1.3m to €2.0m
- Other debts -€500,000
down €500,000 (-92.9%), from €538,149 to €38,149
Income statement
- Turnover +€15.5m
up €15.5m (+27.0%), from €57.4m to €72.9m
- Goods and materials +€14.2m
up €14.2m (+28.9%), from €49.2m to €63.4m
of which Purchases: +€15.3m
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
€685,508
Turnover
+€15.5m
Other operating income
-€40,717
Goods and materials
-€14.2m
Services and other goods
-€271,664
Staff costs
-€467,347
Depreciation
-€263,570
Write-downs
-€51,209
Other operating charges
-€29,273
Other operating items
-€19,376
Financial income
-€3,006
Financial charges
-€47,901
Taxes
-€49,030
Result 2025
€704,493
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
-€715,575
Investment
-€2.1m
Financing
+€3.1m
Cash 2024
€135,656
From operations (derived)
-€715,575
Net result for the year
+€704,493
Depreciation
+€490,041
Stocks and contracts
-€690,886
Receivables within one year
-€3.2m
Deferred charges and accrued income
-€133,218
Trade debts
+€2.5m
Tax, wage and social debts
+€126,069
Other debts
-€500,000
Investment (derived)
-€2.1m
Investment in fixed assets (net)
-€2.1m
Financing
+€3.1m
Debts after one year
+€823,891
Current portion of long-term debt
+€162,345
Short-term financial debts
+€2.1m
Cash 2025
€425,904
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,922,474 | €17,852,888 | +€5.9m | +49.7% |
| Fixed assets | 21/28 | €1,641,964 | €3,264,618 | +€1.6m | +98.8% |
| Tangible fixed assets | 22/27 | €1,637,197 | €3,259,851 | +€1.6m | +99.1% |
| Land and buildings | 22 | €251,951 | €458,107 | +€206,156 | +81.8% |
| Plant, machinery and equipment | 23 | €1,047,643 | €1,081,242 | +€33,598 | +3.2% |
| Furniture and vehicles | 24 | €67,743 | €110,547 | +€42,805 | +63.2% |
| Leasing and similar rights | 25 | €269,860 | €1,609,955 | +€1.3m | +496.6% |
| Financial fixed assets | 28 | €4,766 | €4,766 | = | 0.0% |
| Affiliated companies | 280/1 | €251 | €4,251 | +€4,000 | +1591.0% |
| Participating interests | 280 | €251 | €4,251 | +€4,000 | +1591.0% |
| Other financial fixed assets | 284/8 | €4,515 | €515 | -€4,000 | -88.6% |
| Amounts receivable and cash guarantees | 285/8 | €4,515 | €515 | -€4,000 | -88.6% |
| Current assets | 29/58 | €10,280,511 | €14,588,270 | +€4.3m | +41.9% |
| Amounts receivable after more than one year | 29 | €81,699 | €81,699 | = | 0.0% |
| Trade receivables | 290 | €81,699 | €0 | -€81,699 | -100.0% |
| Other amounts receivable | 291 | - | €81,699 | +€81,699 | |
| Stocks and contracts in progress | 3 | €1,172,765 | €1,863,651 | +€690,886 | +58.9% |
| Stocks | 30/36 | €1,172,765 | €1,863,651 | +€690,886 | +58.9% |
| Goods purchased for resale | 34 | €718,121 | €1,863,651 | +€1.1m | +159.5% |
| Property held for sale | 35 | €454,644 | €0 | -€454,644 | -100.0% |
| Amounts receivable within one year | 40/41 | €8,850,895 | €12,044,303 | +€3.2m | +36.1% |
| Trade receivables | 40 | €5,675,108 | €8,125,744 | +€2.5m | +43.2% |
| Other amounts receivable | 41 | €3,175,787 | €3,918,559 | +€742,772 | +23.4% |
| Cash at bank and in hand | 54/58 | €135,656 | €425,904 | +€290,248 | +214.0% |
| Deferred charges and accrued income | 490/1 | €39,497 | €172,714 | +€133,218 | +337.3% |
| Total equity and liabilities | 10/49 | €11,922,474 | €17,852,888 | +€5.9m | +49.7% |
| Equity | 10/15 | €1,504,864 | €2,209,357 | +€704,493 | +46.8% |
| Contributions | 10/11 | €114,000 | €114,000 | = | 0.0% |
| Reserves | 13 | €104,740 | €104,740 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,400 | €11,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,400 | €11,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €81,340 | €81,340 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,286,124 | €1,990,617 | +€704,493 | +54.8% |
| Amounts payable | 17/49 | €10,417,610 | €15,643,531 | +€5.2m | +50.2% |
| Amounts payable after more than one year | 17 | €1,315,856 | €2,139,747 | +€823,891 | +62.6% |
| Financial debts | 170/4 | €1,315,856 | €2,139,747 | +€823,891 | +62.6% |
| Unsubordinated bonds | 171 | €110,000 | €0 | -€110,000 | -100.0% |
| Leasing and similar obligations | 172 | €955,856 | €1,393,973 | +€438,117 | +45.8% |
| Credit institutions | 173 | €250,000 | €745,775 | +€495,775 | +198.3% |
| Amounts payable within one year | 42/48 | €9,101,754 | €13,503,784 | +€4.4m | +48.4% |
| Current portion of amounts payable after more than one year | 42 | €552,360 | €714,705 | +€162,345 | +29.4% |
| Financial debts | 43 | €3,146,844 | €5,279,125 | +€2.1m | +67.8% |
| Credit institutions | 430/8 | €3,146,844 | €5,279,125 | +€2.1m | +67.8% |
| Trade debts | 44 | €4,768,636 | €7,249,971 | +€2.5m | +52.0% |
| Suppliers | 440/4 | €4,768,636 | €7,249,971 | +€2.5m | +52.0% |
| Taxes, remuneration and social security | 45 | €95,765 | €221,834 | +€126,069 | +131.6% |
| Taxes | 450/3 | €16,685 | €70,034 | +€53,349 | +319.7% |
| Remuneration and social security | 454/9 | €79,080 | €151,800 | +€72,720 | +92.0% |
| Other amounts payable | 47/48 | €538,149 | €38,149 | -€500,000 | -92.9% |
| Operating income | 70/76A | €57,541,582 | €72,992,564 | +€15.5m | +26.9% |
| Turnover | 70 | €57,385,462 | €72,882,815 | +€15.5m | +27.0% |
| Other operating income | 74 | €140,351 | €99,634 | -€40,717 | -29.0% |
| Non-recurring operating income | 76A | €15,769 | €10,115 | -€5,654 | -35.9% |
| Operating charges | 60/66A | €56,251,217 | €71,583,277 | +€15.3m | +27.3% |
| Goods for resale, raw materials and consumables | 60 | €49,198,307 | €63,433,583 | +€14.2m | +28.9% |
| Purchases | 600/8 | €49,022,897 | €64,359,863 | +€15.3m | +31.3% |
| Change in stocks: decrease (increase) | 609 | €175,410 | -€926,280 | -€1.1m | |
| Services and other goods | 61 | €4,282,818 | €4,554,482 | +€271,664 | +6.3% |
| Remuneration, social security and pensions | 62 | €2,463,031 | €2,930,378 | +€467,347 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226,471 | €490,041 | +€263,570 | +116.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €51,209 | +€51,209 | |
| Other operating charges | 640/8 | €41,248 | €70,521 | +€29,273 | +71.0% |
| Non-recurring operating charges | 66A | €39,341 | €53,063 | +€13,722 | +34.9% |
| Operating profit (loss) | 9901 | €1,290,365 | €1,409,287 | +€118,922 | +9.2% |
| Financial income | 75/76B | €13,466 | €10,460 | -€3,006 | -22.3% |
| Recurring financial income | 75 | €13,466 | €10,460 | -€3,006 | -22.3% |
| Income from current assets | 751 | €1,455 | €0 | -€1,455 | -100.0% |
| Other financial income | 752/9 | €12,011 | €10,460 | -€1,551 | -12.9% |
| Financial charges | 65/66B | €343,521 | €391,422 | +€47,901 | +13.9% |
| Recurring financial charges | 65 | €343,521 | €391,422 | +€47,901 | +13.9% |
| Debt charges | 650 | €24,080 | €152,036 | +€127,955 | +531.4% |
| Other financial charges | 652/9 | €319,441 | €239,387 | -€80,055 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €960,310 | €1,028,325 | +€68,015 | +7.1% |
| Income taxes | 67/77 | €274,802 | €323,832 | +€49,030 | +17.8% |
| Taxes | 670/3 | €274,802 | €323,832 | +€49,030 | +17.8% |
| Profit (loss) for the period | 9904 | €685,508 | €704,493 | +€18,985 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €685,508 | €704,493 | +€18,985 | +2.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.