KAEKSMETEHOEVE: 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
KAEKSMETEHOEVE
NACE 46.231, Wholesale of live animals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€34,416
2024 · -€43,761+€9,345
Equity
€1.3m
2024 · €1.3m-€34,416
Cash
€15,463
2024 · €4,045+€11,418
Balance sheet total
€1.7m
2024 · €1.8m-€77,916
Largest movements
Assets
- Tangible fixed assets -€83,395
down €83,395 (-5.3%), from €1.6m to €1.5m
of which Land and buildings: -€59,765
Equity and liabilities
- Other debts -€37,072
down €37,072 (-8.9%), from €417,764 to €380,692
- Reserves -€34,416
down €34,416 (-3.8%), from €906,010 to €871,594
of which Distributable reserves: -€22,248
Income statement
- Gross operating margin +€9,936
up €9,936 (+24.2%), from €41,140 to €51,076
- Other operating charges +€879
up €879 (+7.7%), from €11,445 to €12,324
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
-€43,761
Gross operating margin
+€9,936
Depreciation
+€486
Other operating charges
-€879
Financial income
+€197
Financial charges
+€35
Taxes
+€122
Deferred taxes and other
-€552
Result 2025
-€34,416
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
+€8,386
Investment
+€8,774
Financing
-€5,743
Cash 2024
€4,045
From operations (derived)
+€8,386
Net result for the year
-€34,416
Depreciation
+€74,621
Receivables within one year
+€6,327
Deferred charges and accrued income
-€389
Provisions
-€4,056
Trade debts
-€556
Tax, wage and social debts
+€3,927
Other debts
-€37,072
Investment (derived)
+€8,774
Investment in fixed assets (net)
+€8,774
Financing
-€5,743
Debts after one year
-€5,956
Current portion of long-term debt
+€213
Cash 2025
€15,463
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,801,974 | €1,724,058 | -€77,916 | -4.3% |
| Fixed assets | 21/28 | €1,570,766 | €1,487,371 | -€83,395 | -5.3% |
| Tangible fixed assets | 22/27 | €1,570,766 | €1,487,371 | -€83,395 | -5.3% |
| Land and buildings | 22 | €1,476,508 | €1,416,743 | -€59,765 | -4.0% |
| Plant, machinery and equipment | 23 | €929 | €1,516 | +€586 | +63.1% |
| Furniture and vehicles | 24 | €42,770 | €32,437 | -€10,333 | -24.2% |
| Leasing and similar rights | 25 | €29,886 | €27,820 | -€2,066 | -6.9% |
| Other tangible fixed assets | 26 | €20,673 | €8,855 | -€11,818 | -57.2% |
| Current assets | 29/58 | €231,207 | €236,687 | +€5,480 | +2.4% |
| Amounts receivable within one year | 40/41 | €224,471 | €218,144 | -€6,327 | -2.8% |
| Trade receivables | 40 | €218,144 | €218,144 | = | 0.0% |
| Other amounts receivable | 41 | €6,327 | €0 | -€6,327 | -100% |
| Cash at bank and in hand | 54/58 | €4,045 | €15,463 | +€11,418 | +282% |
| Deferred charges and accrued income | 490/1 | €2,691 | €3,080 | +€389 | +14.4% |
| Total equity and liabilities | 10/49 | €1,801,974 | €1,724,058 | -€77,916 | -4.3% |
| Equity | 10/15 | €1,323,175 | €1,288,758 | -€34,416 | -2.6% |
| Contributions | 10/11 | €417,165 | €417,165 | = | 0.0% |
| Reserves | 13 | €906,010 | €871,594 | -€34,416 | -3.8% |
| Tax-exempt reserves | 132 | €87,750 | €75,581 | -€12,169 | -13.9% |
| Distributable reserves | 133 | €818,260 | €796,013 | -€22,248 | -2.7% |
| Provisions and deferred taxes | 16 | €29,250 | €25,194 | -€4,056 | -13.9% |
| Deferred taxes | 168 | €29,250 | €25,194 | -€4,056 | -13.9% |
| Amounts payable | 17/49 | €449,549 | €410,106 | -€39,443 | -8.8% |
| Amounts payable after more than one year | 17 | €19,629 | €13,673 | -€5,956 | -30.3% |
| Financial debts | 170/4 | €19,629 | €13,673 | -€5,956 | -30.3% |
| Amounts payable within one year | 42/48 | €429,420 | €395,933 | -€33,487 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €5,743 | €5,956 | +€213 | +3.7% |
| Trade debts | 44 | €3,182 | €2,627 | -€556 | -17.5% |
| Suppliers | 440/4 | €3,182 | €2,627 | -€556 | -17.5% |
| Taxes, remuneration and social security | 45 | €2,731 | €6,658 | +€3,927 | +144% |
| Taxes | 450/3 | €2,731 | €6,658 | +€3,927 | +144% |
| Other amounts payable | 47/48 | €417,764 | €380,692 | -€37,072 | -8.9% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Non-recurring operating income | 76A | - | €20,283 | +€20,283 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,107 | €74,621 | -€486 | -0.6% |
| Other operating charges | 640/8 | €11,445 | €12,324 | +€879 | +7.7% |
| Gross operating margin | 9900 | €41,140 | €51,076 | +€9,936 | +24.2% |
| Operating profit (loss) | 9901 | -€45,412 | -€35,869 | +€9,542 | +21.0% |
| Financial income | 75/76B | €0 | €197 | +€197 | +1,967,600% |
| Recurring financial income | 75 | €0 | €197 | +€197 | +1,967,600% |
| Financial charges | 65/66B | €872 | €837 | -€35 | -4.0% |
| Recurring financial charges | 65 | €872 | €837 | -€35 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€46,284 | -€36,509 | +€9,774 | +21.1% |
| Transfer from deferred taxes | 780 | €4,608 | €4,056 | -€552 | -12.0% |
| Income taxes | 67/77 | €2,085 | €1,963 | -€122 | -5.9% |
| Profit (loss) for the period | 9904 | -€43,761 | -€34,416 | +€9,345 | +21.4% |
| Transfer from tax-exempt reserves | 789 | €13,824 | €12,169 | -€1,655 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,937 | -€22,248 | +€7,689 | +25.7% |
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 15 October 2026 via checked.be.