KASMIFOOD: 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
KASMIFOOD
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€46,618
2024 · €125,058-€78,440
Equity
€615,604
2024 · €568,986+€46,618
Cash
€5,675
2024 · €19,470-€13,795
Balance sheet total
€1.7m
2024 · €2.3m-€530,312
Largest movements
Assets
- Receivables within one year -€425,760
down €425,760 (-42.1%), from €1.0m to €585,081
of which Trade receivables: -€438,771
- Tangible fixed assets -€90,664
down €90,664 (-7.8%), from €1.2m to €1.1m
of which Land and buildings: -€95,009
Equity and liabilities
- Other debts -€429,480
down €429,480 (-66.0%), from €650,979 to €221,499
- Debts after one year -€217,215
down €217,215 (-44.5%), from €488,074 to €270,859
- Trade debts +€91,589
up €91,589 (+27.5%), from €332,664 to €424,253
- Profit (loss) carried forward +€46,618
up €46,618 (+9.5%), from €492,276 to €538,894
- Tax, wage and social debts -€30,102
down €30,102 (-32.3%), from €93,186 to €63,083
of which Taxes: -€31,777
Income statement
- Gross operating margin -€155,318
down €155,318 (-25.1%), from €619,413 to €464,094
- Write-downs -€59,213
no longer reported in 2025 (was €59,213)
- Taxes -€31,652
down €31,652 (-66.5%), from €47,607 to €15,955
- Staff costs +€17,132
up €17,132 (+7.8%), from €220,807 to €237,939
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
€125,058
Gross operating margin
-€155,318
Staff costs
-€17,132
Depreciation
+€418
Write-downs
+€59,213
Other operating charges
+€924
Financial income
-€1,157
Financial charges
+€2,961
Taxes
+€31,652
Result 2025
€46,618
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
+€271,468
Investment
-€51,657
Financing
-€233,606
Cash 2024
€19,470
From operations (derived)
+€271,468
Net result for the year
+€46,618
Depreciation
+€142,321
Stocks and contracts
-€4,749
Receivables within one year
+€425,760
Deferred charges and accrued income
+€4,842
Trade debts
+€91,589
Tax, wage and social debts
-€30,102
Advances received
+€9,500
Other debts
-€429,480
Accrued charges and deferred income
+€15,170
Investment (derived)
-€51,657
Investment in fixed assets (net)
-€51,657
Financing
-€233,606
Debts after one year
-€217,215
Current portion of long-term debt
+€955
Short-term financial debts
-€17,346
Cash 2025
€5,675
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,259,851 | €1,729,540 | -€530,312 | -23.5% |
| Fixed assets | 21/28 | €1,173,777 | €1,083,113 | -€90,664 | -7.7% |
| Tangible fixed assets | 22/27 | €1,160,990 | €1,070,326 | -€90,664 | -7.8% |
| Land and buildings | 22 | €1,029,358 | €934,349 | -€95,009 | -9.2% |
| Plant, machinery and equipment | 23 | €119,716 | €130,028 | +€10,312 | +8.6% |
| Furniture and vehicles | 24 | €4,046 | €454 | -€3,592 | -88.8% |
| Other tangible fixed assets | 26 | €7,870 | €5,495 | -€2,375 | -30.2% |
| Financial fixed assets | 28 | €12,787 | €12,787 | = | 0.0% |
| Current assets | 29/58 | €1,086,075 | €646,427 | -€439,648 | -40.5% |
| Stocks and contracts in progress | 3 | €43,601 | €48,350 | +€4,749 | +10.9% |
| Stocks | 30/36 | €43,601 | €48,350 | +€4,749 | +10.9% |
| Amounts receivable within one year | 40/41 | €1,010,841 | €585,081 | -€425,760 | -42.1% |
| Trade receivables | 40 | €1,000,259 | €561,488 | -€438,771 | -43.9% |
| Other amounts receivable | 41 | €10,582 | €23,593 | +€13,011 | +122.9% |
| Cash at bank and in hand | 54/58 | €19,470 | €5,675 | -€13,795 | -70.9% |
| Deferred charges and accrued income | 490/1 | €12,162 | €7,321 | -€4,842 | -39.8% |
| Total equity and liabilities | 10/49 | €2,259,851 | €1,729,540 | -€530,312 | -23.5% |
| Equity | 10/15 | €568,986 | €615,604 | +€46,618 | +8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,110 | €58,110 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €492,276 | €538,894 | +€46,618 | +9.5% |
| Amounts payable | 17/49 | €1,690,865 | €1,113,936 | -€576,930 | -34.1% |
| Amounts payable after more than one year | 17 | €488,074 | €270,859 | -€217,215 | -44.5% |
| Financial debts | 170/4 | €488,074 | €270,859 | -€217,215 | -44.5% |
| Amounts payable within one year | 42/48 | €1,187,801 | €812,916 | -€374,885 | -31.6% |
| Current portion of amounts payable after more than one year | 42 | €90,923 | €91,877 | +€955 | +1.0% |
| Financial debts | 43 | €20,049 | €2,703 | -€17,346 | -86.5% |
| Credit institutions | 430/8 | €49 | €1,021 | +€971 | +1975.5% |
| Other loans | 439 | €20,000 | €1,682 | -€18,318 | -91.6% |
| Trade debts | 44 | €332,664 | €424,253 | +€91,589 | +27.5% |
| Suppliers | 440/4 | €332,664 | €424,253 | +€91,589 | +27.5% |
| Advances received on contracts in progress | 46 | - | €9,500 | +€9,500 | |
| Taxes, remuneration and social security | 45 | €93,186 | €63,083 | -€30,102 | -32.3% |
| Taxes | 450/3 | €67,627 | €35,850 | -€31,777 | -47.0% |
| Remuneration and social security | 454/9 | €25,559 | €27,233 | +€1,675 | +6.6% |
| Other amounts payable | 47/48 | €650,979 | €221,499 | -€429,480 | -66.0% |
| Accrued charges and deferred income | 492/3 | €14,991 | €30,161 | +€15,170 | +101.2% |
| Non-recurring operating income | 76A | - | €7,653 | +€7,653 | |
| Remuneration, social security and pensions | 62 | €220,807 | €237,939 | +€17,132 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,739 | €142,321 | -€418 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €59,213 | - | -€59,213 | |
| Other operating charges | 640/8 | €12,208 | €11,284 | -€924 | -7.6% |
| Gross operating margin | 9900 | €619,413 | €464,094 | -€155,318 | -25.1% |
| Operating profit (loss) | 9901 | €184,447 | €72,551 | -€111,896 | -60.7% |
| Financial income | 75/76B | €1,950 | €793 | -€1,157 | -59.3% |
| Recurring financial income | 75 | €1,950 | €793 | -€1,157 | -59.3% |
| Financial charges | 65/66B | €13,732 | €10,772 | -€2,961 | -21.6% |
| Recurring financial charges | 65 | €13,732 | €10,772 | -€2,961 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €172,665 | €62,572 | -€110,092 | -63.8% |
| Income taxes | 67/77 | €47,607 | €15,955 | -€31,652 | -66.5% |
| Profit (loss) for the period | 9904 | €125,058 | €46,618 | -€78,440 | -62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €125,058 | €46,618 | -€78,440 | -62.7% |
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 7 October 2026 via checked.be.