LAVE-MEAT: 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
LAVE-MEAT
NACE 47.221, Retail sale of meat and meat products, excluding game and poultry
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€94,752
2024 · €131,954-€37,202
Equity
€692,412
2024 · €600,660+€91,752
Cash
€361,654
2024 · €380,320-€18,666
Balance sheet total
€2.1m
2024 · €2.1m-€53,093
Largest movements
Assets
- Tangible fixed assets -€100,724
down €100,724 (-6.6%), from €1.5m to €1.4m
of which Land and buildings: -€85,774
- Receivables within one year +€38,817
up €38,817 (+69.7%), from €55,686 to €94,503
of which Other amounts receivable: +€21,957
Equity and liabilities
- Debts after one year -€117,482
down €117,482 (-9.7%), from €1.2m to €1.1m
- Reserves +€91,752
up €91,752 (+20.4%), from €450,660 to €542,412
- Trade debts -€29,253
down €29,253 (-25.8%), from €113,222 to €83,969
Income statement
- Staff costs +€72,534
up €72,534 (+25.8%), from €280,623 to €353,157
- Gross operating margin +€40,969
up €40,969 (+6.1%), from €669,439 to €710,408
- Depreciation +€15,183
up €15,183 (+8.2%), from €184,155 to €199,338
- Taxes -€14,333
down €14,333 (-39.5%), from €36,253 to €21,920
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
€131,954
Gross operating margin
+€40,969
Staff costs
-€72,534
Depreciation
-€15,183
Other operating charges
-€3,843
Financial income
+€3,397
Financial charges
-€4,341
Taxes
+€14,333
Result 2025
€94,752
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
+€211,497
Investment
-€106,784
Financing
-€123,379
Cash 2024
€380,320
From operations (derived)
+€211,497
Net result for the year
+€94,752
Depreciation
+€199,338
Stocks and contracts
-€20,345
Receivables within one year
-€38,817
Deferred charges and accrued income
+€1,035
Trade debts
-€29,253
Tax, wage and social debts
+€8,374
Other debts
-€4,536
Accrued charges and deferred income
+€949
Investment (derived)
-€106,784
Investment in fixed assets (net)
-€93,614
Current investments
-€13,170
Financing
-€123,379
Debts after one year
-€117,482
Current portion of long-term debt
-€2,898
Contributions, distributions and other
-€3,000
Cash 2025
€361,654
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,119,068 | €2,065,975 | -€53,093 | -2.5% |
| Fixed assets | 21/28 | €1,531,657 | €1,425,933 | -€105,724 | -6.9% |
| Intangible fixed assets | 21 | €8,333 | €3,333 | -€5,000 | -60.0% |
| Tangible fixed assets | 22/27 | €1,522,524 | €1,421,800 | -€100,724 | -6.6% |
| Land and buildings | 22 | €1,298,256 | €1,212,482 | -€85,774 | -6.6% |
| Plant, machinery and equipment | 23 | €181,051 | €154,674 | -€26,377 | -14.6% |
| Furniture and vehicles | 24 | €43,217 | €54,643 | +€11,427 | +26.4% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €587,411 | €640,041 | +€52,631 | +9.0% |
| Stocks and contracts in progress | 3 | €35,000 | €55,345 | +€20,345 | +58.1% |
| Stocks | 30/36 | €35,000 | €55,345 | +€20,345 | +58.1% |
| Amounts receivable within one year | 40/41 | €55,686 | €94,503 | +€38,817 | +69.7% |
| Trade receivables | 40 | €18,326 | €35,186 | +€16,860 | +92.0% |
| Other amounts receivable | 41 | €37,359 | €59,317 | +€21,957 | +58.8% |
| Current investments | 50/53 | €115,000 | €128,169 | +€13,170 | +11.5% |
| Cash at bank and in hand | 54/58 | €380,320 | €361,654 | -€18,666 | -4.9% |
| Deferred charges and accrued income | 490/1 | €1,405 | €370 | -€1,035 | -73.7% |
| Total equity and liabilities | 10/49 | €2,119,068 | €2,065,975 | -€53,093 | -2.5% |
| Equity | 10/15 | €600,660 | €692,412 | +€91,752 | +15.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €450,660 | €542,412 | +€91,752 | +20.4% |
| Distributable reserves | 133 | €450,660 | €542,412 | +€91,752 | +20.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,518,408 | €1,373,563 | -€144,845 | -9.5% |
| Amounts payable after more than one year | 17 | €1,208,086 | €1,090,605 | -€117,482 | -9.7% |
| Financial debts | 170/4 | €1,208,086 | €1,090,605 | -€117,482 | -9.7% |
| Amounts payable within one year | 42/48 | €310,195 | €281,883 | -€28,313 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €120,379 | €117,482 | -€2,898 | -2.4% |
| Trade debts | 44 | €113,222 | €83,969 | -€29,253 | -25.8% |
| Suppliers | 440/4 | €113,222 | €83,969 | -€29,253 | -25.8% |
| Taxes, remuneration and social security | 45 | €61,001 | €69,375 | +€8,374 | +13.7% |
| Taxes | 450/3 | €15,126 | €15,058 | -€68 | -0.5% |
| Remuneration and social security | 454/9 | €45,875 | €54,317 | +€8,442 | +18.4% |
| Other amounts payable | 47/48 | €15,592 | €11,057 | -€4,536 | -29.1% |
| Accrued charges and deferred income | 492/3 | €126 | €1,075 | +€949 | +753% |
| Remuneration, social security and pensions | 62 | €280,623 | €353,157 | +€72,534 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,155 | €199,338 | +€15,183 | +8.2% |
| Other operating charges | 640/8 | €6,339 | €10,183 | +€3,843 | +60.6% |
| Gross operating margin | 9900 | €669,439 | €710,408 | +€40,969 | +6.1% |
| Operating profit (loss) | 9901 | €198,322 | €147,730 | -€50,591 | -25.5% |
| Financial income | 75/76B | €3,272 | €6,669 | +€3,397 | +104% |
| Recurring financial income | 75 | €3,272 | €6,669 | +€3,397 | +104% |
| Financial charges | 65/66B | €33,386 | €37,727 | +€4,341 | +13.0% |
| Recurring financial charges | 65 | €33,386 | €37,727 | +€4,341 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €168,207 | €116,672 | -€51,535 | -30.6% |
| Income taxes | 67/77 | €36,253 | €21,920 | -€14,333 | -39.5% |
| Profit (loss) for the period | 9904 | €131,954 | €94,752 | -€37,202 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €131,954 | €94,752 | -€37,202 | -28.2% |
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.