Jos Leemput: 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
Jos Leemput
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €874,590+€904,469
Equity
€8.0m
2024 · €6.4m+€1.6m
Cash
€2.4m
2024 · €2.1m+€312,605
Balance sheet total
€15.2m
2024 · €13.1m+€2.1m
Largest movements
Assets
- Receivables within one year +€1.3m
up €1.3m (+28.2%), from €4.6m to €5.9m
of which Trade receivables: +€1.0m
- Stocks and contracts +€651,217
up €651,217 (+122%), from €533,644 to €1.2m
- Cash +€312,605
up €312,605 (+15.0%), from €2.1m to €2.4m
mainly Net result for the year (+€1.8m) and Depreciation (+€712,664)
Equity and liabilities
- Reserves +€824,590
up €824,590 (+15.0%), from €5.5m to €6.3m
- Profit (loss) carried forward +€754,469
up €754,469 (+91.5%), from €824,590 to €1.6m
- Trade debts +€642,424
up €642,424 (+21.6%), from €3.0m to €3.6m
- Debts after one year -€550,913
down €550,913 (-20.9%), from €2.6m to €2.1m
of which Financial debts: -€535,000
- Tax, wage and social debts +€245,940
up €245,940 (+66.0%), from €372,714 to €618,654
of which Taxes: +€280,860
Income statement
- Turnover +€19.2m
up €19.2m (+37.4%), from €51.3m to €70.5m
- Goods and materials +€17.3m
up €17.3m (+40.9%), from €42.2m to €59.4m
of which Purchases: +€18.0m
- Services and other goods +€1.0m
up €1.0m (+16.7%), from €6.0m to €7.1m
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
€874,590
Turnover
+€19.2m
Other operating income
+€76,904
Goods and materials
-€17.3m
Services and other goods
-€1.0m
Staff costs
+€39,945
Depreciation
-€70,544
Write-downs
+€373,015
Other operating charges
-€54,088
Other operating items
-€6,362
Financial income
+€1,550
Financial charges
-€64,267
Taxes
-€318,719
Deferred taxes and other
-€675
Result 2025
€1.8m
raises the resultlowers the resultnot broken down further in the accounts
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
+€1.6m
Investment
-€589,420
Financing
-€702,869
Cash 2024
€2.1m
From operations (derived)
+€1.6m
Net result for the year
+€1.8m
Depreciation
+€712,664
Stocks and contracts
-€651,217
Receivables within one year
-€1.3m
Smaller working-capital items
-€307
Provisions
+€16,015
Trade debts
+€642,424
Tax, wage and social debts
+€245,940
Other debts
+€164,780
Investment (derived)
-€589,420
Investment in fixed assets (net)
-€589,420
Financing
-€702,869
Debts after one year
-€550,913
Contributions, distributions and other
-€151,956
Cash 2025
€2.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,090,382 | €15,235,750 | +€2.1m | +16.4% |
| Fixed assets | 21/28 | €5,776,444 | €5,653,200 | -€123,244 | -2.1% |
| Intangible fixed assets | 21 | €1,763 | - | -€1,763 | |
| Tangible fixed assets | 22/27 | €5,773,918 | €5,652,437 | -€121,481 | -2.1% |
| Land and buildings | 22 | €4,378,473 | €4,098,514 | -€279,959 | -6.4% |
| Plant, machinery and equipment | 23 | €731,394 | €615,037 | -€116,357 | -15.9% |
| Furniture and vehicles | 24 | €664,051 | €938,886 | +€274,836 | +41.4% |
| Financial fixed assets | 28 | €763 | €763 | = | 0.0% |
| Other financial fixed assets | 284/8 | €763 | €763 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €763 | €763 | = | 0.0% |
| Current assets | 29/58 | €7,313,938 | €9,582,550 | +€2.3m | +31.0% |
| Stocks and contracts in progress | 3 | €533,644 | €1,184,860 | +€651,217 | +122% |
| Stocks | 30/36 | €533,644 | €1,184,860 | +€651,217 | +122% |
| Goods purchased for resale | 34 | €533,644 | €1,184,860 | +€651,217 | +122% |
| Amounts receivable within one year | 40/41 | €4,620,863 | €5,925,327 | +€1.3m | +28.2% |
| Trade receivables | 40 | €4,494,986 | €5,541,695 | +€1.0m | +23.3% |
| Other amounts receivable | 41 | €125,877 | €383,632 | +€257,756 | +205% |
| Cash at bank and in hand | 54/58 | €2,087,609 | €2,400,214 | +€312,605 | +15.0% |
| Deferred charges and accrued income | 490/1 | €71,823 | €72,149 | +€326 | +0.5% |
| Total equity and liabilities | 10/49 | €13,090,382 | €15,235,750 | +€2.1m | +16.4% |
| Equity | 10/15 | €6,417,753 | €8,044,856 | +€1.6m | +25.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,481,113 | €6,305,703 | +€824,590 | +15.0% |
| Distributable reserves | 133 | €5,481,113 | €6,305,703 | +€824,590 | +15.0% |
| Profit (loss) carried forward | 14 | €824,590 | €1,579,059 | +€754,469 | +91.5% |
| Investment grants | 15 | €93,450 | €141,494 | +€48,044 | +51.4% |
| Provisions and deferred taxes | 16 | €31,150 | €47,165 | +€16,015 | +51.4% |
| Deferred taxes | 168 | €31,150 | €47,165 | +€16,015 | +51.4% |
| Amounts payable | 17/49 | €6,641,479 | €7,143,729 | +€502,251 | +7.6% |
| Amounts payable after more than one year | 17 | €2,641,424 | €2,090,511 | -€550,913 | -20.9% |
| Financial debts | 170/4 | €2,072,500 | €1,537,499 | -€535,000 | -25.8% |
| Credit institutions | 173 | €2,072,500 | €1,537,499 | -€535,000 | -25.8% |
| Other amounts payable | 178/9 | €568,924 | €553,011 | -€15,913 | -2.8% |
| Amounts payable within one year | 42/48 | €4,000,031 | €5,053,176 | +€1.1m | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €535,000 | €535,000 | = | 0.0% |
| Trade debts | 44 | €2,974,297 | €3,616,721 | +€642,424 | +21.6% |
| Suppliers | 440/4 | €2,974,297 | €3,616,721 | +€642,424 | +21.6% |
| Taxes, remuneration and social security | 45 | €372,714 | €618,654 | +€245,940 | +66.0% |
| Taxes | 450/3 | €197,380 | €478,240 | +€280,860 | +142% |
| Remuneration and social security | 454/9 | €175,334 | €140,414 | -€34,920 | -19.9% |
| Other amounts payable | 47/48 | €118,020 | €282,800 | +€164,780 | +140% |
| Accrued charges and deferred income | 492/3 | €24 | €43 | +€19 | +79.9% |
| Operating income | 70/76A | €51,668,276 | €70,917,702 | +€19.2m | +37.3% |
| Turnover | 70 | €51,267,906 | €70,458,015 | +€19.2m | +37.4% |
| Other operating income | 74 | €381,283 | €458,187 | +€76,904 | +20.2% |
| Non-recurring operating income | 76A | €19,087 | €1,500 | -€17,587 | -92.1% |
| Operating charges | 60/66A | €50,267,551 | €68,230,397 | +€18.0m | +35.7% |
| Goods for resale, raw materials and consumables | 60 | €42,176,776 | €59,426,847 | +€17.3m | +40.9% |
| Purchases | 600/8 | €42,052,732 | €60,078,064 | +€18.0m | +42.9% |
| Change in stocks: decrease (increase) | 609 | €124,044 | -€651,217 | -€775,261 | |
| Services and other goods | 61 | €6,046,980 | €7,059,306 | +€1.0m | +16.7% |
| Remuneration, social security and pensions | 62 | €977,085 | €937,140 | -€39,945 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €642,120 | €712,664 | +€70,544 | +11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €314,681 | -€58,334 | -€373,015 | |
| Other operating charges | 640/8 | €84,659 | €138,748 | +€54,088 | +63.9% |
| Non-recurring operating charges | 66A | €25,250 | €14,025 | -€11,225 | -44.5% |
| Operating profit (loss) | 9901 | €1,400,725 | €2,687,306 | +€1.3m | +91.9% |
| Financial income | 75/76B | €38,252 | €39,802 | +€1,550 | +4.1% |
| Recurring financial income | 75 | €38,252 | €39,802 | +€1,550 | +4.1% |
| Income from current assets | 751 | €1,957 | €1,621 | -€335 | -17.1% |
| Other financial income | 752/9 | €36,295 | €38,181 | +€1,885 | +5.2% |
| Financial charges | 65/66B | €245,684 | €309,951 | +€64,267 | +26.2% |
| Recurring financial charges | 65 | €245,684 | €309,951 | +€64,267 | +26.2% |
| Debt charges | 650 | €70,108 | €60,349 | -€9,759 | -13.9% |
| Other financial charges | 652/9 | €175,576 | €249,602 | +€74,027 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | €1,193,294 | €2,417,157 | +€1.2m | +103% |
| Transfer from deferred taxes | 780 | €10,850 | €10,175 | -€675 | -6.2% |
| Income taxes | 67/77 | €329,553 | €648,273 | +€318,719 | +96.7% |
| Taxes | 670/3 | €329,553 | €648,273 | +€318,719 | +96.7% |
| Profit (loss) for the period | 9904 | €874,590 | €1,779,059 | +€904,469 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €874,590 | €1,779,059 | +€904,469 | +103% |
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 20 October 2026 via checked.be.