Le Bocage: 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
Le Bocage
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
€1.2m
2024 · €852,521+€396,760
Equity
€7.2m
2024 · €5.9m+€1.2m
Cash
€738,655
2024 · €758,600-€19,945
Balance sheet total
€15.3m
2024 · €12.0m+€3.2m
Largest movements
Assets
- Receivables within one year +€2.0m
up €2.0m (+41.8%), from €4.7m to €6.7m
of which Trade receivables: +€1.7m
- Tangible fixed assets +€1.5m
up €1.5m (+53.9%), from €2.8m to €4.3m
of which Leasing and similar rights: +€827,259
- Stocks and contracts -€208,415
down €208,415 (-9.7%), from €2.1m to €1.9m
Equity and liabilities
- Profit (loss) carried forward +€1.0m
up €1.0m (+19.8%), from €5.2m to €6.3m
- Trade debts +€830,664
up €830,664 (+25.5%), from €3.3m to €4.1m
- Debts after one year +€616,314
up €616,314 (+53.9%), from €1.1m to €1.8m
- Tax, wage and social debts +€519,615
up €519,615 (+50.8%), from €1.0m to €1.5m
of which Remuneration and social security: +€287,744
- Other debts -€235,806
down €235,806 (-77.0%), from €306,174 to €70,368
Income statement
- Turnover +€8.1m
up €8.1m (+36.1%), from €22.3m to €30.4m
- Goods and materials +€5.3m
up €5.3m (+40.2%), from €13.2m to €18.4m
of which Purchases: +€5.0m
- Services and other goods +€1.1m
up €1.1m (+31.7%), from €3.6m to €4.7m
- Staff costs +€397,151
up €397,151 (+10.3%), from €3.9m to €4.3m
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
€852,521
Turnover
+€8.1m
Other operating income
+€37,506
Goods and materials
-€5.3m
Services and other goods
-€1.1m
Staff costs
-€397,151
Depreciation
-€126,145
Other operating charges
-€94,445
Other operating items
-€556,296
Financial income
+€2,275
Financial charges
+€4,398
Taxes
-€135,546
Result 2025
€1.2m
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
-€2.4m
Financing
+€791,438
Cash 2024
€758,600
From operations (derived)
+€1.6m
Net result for the year
+€1.2m
Depreciation
+€958,183
Stocks and contracts
+€208,415
Receivables within one year
-€2.0m
Deferred charges and accrued income
-€39,240
Provisions
-€297
Trade debts
+€830,664
Tax, wage and social debts
+€519,615
Other debts
-€235,806
Accrued charges and deferred income
+€88,400
Investment (derived)
-€2.4m
Investment in fixed assets (net)
-€2.4m
Financing
+€791,438
Debts after one year
+€616,314
Current portion of long-term debt
+€191,321
Contributions, distributions and other
-€16,197
Cash 2025
€738,655
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,037,799 | €15,281,094 | +€3.2m | +26.9% |
| Fixed assets | 21/28 | €4,351,375 | €5,821,559 | +€1.5m | +33.8% |
| Intangible fixed assets | 21 | €105,531 | €83,503 | -€22,028 | -20.9% |
| Tangible fixed assets | 22/27 | €2,766,748 | €4,258,960 | +€1.5m | +53.9% |
| Land and buildings | 22 | €1,649,733 | €2,254,172 | +€604,439 | +36.6% |
| Plant, machinery and equipment | 23 | €453,575 | €380,695 | -€72,880 | -16.1% |
| Furniture and vehicles | 24 | €184,434 | €309,579 | +€125,144 | +67.9% |
| Leasing and similar rights | 25 | €479,006 | €1,306,265 | +€827,259 | +173% |
| Assets under construction and advance payments | 27 | - | €8,249 | +€8,249 | |
| Financial fixed assets | 28 | €1,479,096 | €1,479,096 | = | 0.0% |
| Affiliated companies | 280/1 | €1,475,563 | €1,475,563 | = | 0.0% |
| Participating interests | 280 | €1,475,563 | €1,475,563 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,533 | €3,533 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,533 | €3,533 | = | 0.0% |
| Current assets | 29/58 | €7,686,424 | €9,459,535 | +€1.8m | +23.1% |
| Stocks and contracts in progress | 3 | €2,143,981 | €1,935,566 | -€208,415 | -9.7% |
| Stocks | 30/36 | €2,143,981 | €1,935,566 | -€208,415 | -9.7% |
| Raw materials and consumables | 30/31 | €957,703 | €1,035,463 | +€77,759 | +8.1% |
| Finished goods | 33 | €1,055,309 | €787,549 | -€267,760 | -25.4% |
| Goods purchased for resale | 34 | €130,968 | €112,554 | -€18,414 | -14.1% |
| Amounts receivable within one year | 40/41 | €4,697,253 | €6,659,483 | +€2.0m | +41.8% |
| Trade receivables | 40 | €4,121,627 | €5,869,754 | +€1.7m | +42.4% |
| Other amounts receivable | 41 | €575,627 | €789,729 | +€214,103 | +37.2% |
| Cash at bank and in hand | 54/58 | €758,600 | €738,655 | -€19,945 | -2.6% |
| Deferred charges and accrued income | 490/1 | €86,590 | €125,830 | +€39,240 | +45.3% |
| Total equity and liabilities | 10/49 | €12,037,799 | €15,281,094 | +€3.2m | +26.9% |
| Equity | 10/15 | €5,947,506 | €7,180,591 | +€1.2m | +20.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €582,327 | €792,249 | +€209,922 | +36.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €217,888 | €427,810 | +€209,922 | +96.3% |
| Distributable reserves | 133 | €358,289 | €358,289 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,247,086 | €6,286,445 | +€1.0m | +19.8% |
| Investment grants | 15 | €56,593 | €40,397 | -€16,197 | -28.6% |
| Provisions and deferred taxes | 16 | €360 | €63 | -€297 | -82.6% |
| Deferred taxes | 168 | €360 | €63 | -€297 | -82.6% |
| Amounts payable | 17/49 | €6,089,933 | €8,100,441 | +€2.0m | +33.0% |
| Amounts payable after more than one year | 17 | €1,143,119 | €1,759,434 | +€616,314 | +53.9% |
| Financial debts | 170/4 | €1,143,119 | €1,759,434 | +€616,314 | +53.9% |
| Subordinated loans | 170 | €90,000 | €45,000 | -€45,000 | -50.0% |
| Leasing and similar obligations | 172 | €328,299 | €959,020 | +€630,721 | +192% |
| Credit institutions | 173 | €0 | - | = | |
| Other loans | 174 | €724,821 | €755,414 | +€30,593 | +4.2% |
| Amounts payable within one year | 42/48 | €4,796,718 | €6,102,512 | +€1.3m | +27.2% |
| Current portion of amounts payable after more than one year | 42 | €207,576 | €398,897 | +€191,321 | +92.2% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €3,259,538 | €4,090,202 | +€830,664 | +25.5% |
| Suppliers | 440/4 | €3,259,538 | €4,090,202 | +€830,664 | +25.5% |
| Taxes, remuneration and social security | 45 | €1,023,430 | €1,543,045 | +€519,615 | +50.8% |
| Taxes | 450/3 | €433,119 | €664,991 | +€231,871 | +53.5% |
| Remuneration and social security | 454/9 | €590,311 | €878,055 | +€287,744 | +48.7% |
| Other amounts payable | 47/48 | €306,174 | €70,368 | -€235,806 | -77.0% |
| Accrued charges and deferred income | 492/3 | €150,095 | €238,495 | +€88,400 | +58.9% |
| Operating income | 70/76A | €22,722,585 | €30,275,273 | +€7.6m | +33.2% |
| Turnover | 70 | €22,333,960 | €30,404,341 | +€8.1m | +36.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €287,439 | -€267,760 | -€555,199 | |
| Other operating income | 74 | €101,186 | €138,692 | +€37,506 | +37.1% |
| Operating charges | 60/66A | €21,534,047 | €28,561,102 | +€7.0m | +32.6% |
| Goods for resale, raw materials and consumables | 60 | €13,152,999 | €18,435,512 | +€5.3m | +40.2% |
| Purchases | 600/8 | €13,463,309 | €18,494,857 | +€5.0m | +37.4% |
| Change in stocks: decrease (increase) | 609 | -€310,310 | -€59,345 | +€250,965 | +80.9% |
| Services and other goods | 61 | €3,553,204 | €4,678,909 | +€1.1m | +31.7% |
| Remuneration, social security and pensions | 62 | €3,873,188 | €4,270,339 | +€397,151 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €832,038 | €958,183 | +€126,145 | +15.2% |
| Other operating charges | 640/8 | €122,235 | €216,680 | +€94,445 | +77.3% |
| Non-recurring operating charges | 66A | €383 | €1,480 | +€1,097 | +286% |
| Operating profit (loss) | 9901 | €1,188,538 | €1,714,171 | +€525,633 | +44.2% |
| Financial income | 75/76B | €42,219 | €44,494 | +€2,275 | +5.4% |
| Recurring financial income | 75 | €42,219 | €44,494 | +€2,275 | +5.4% |
| Income from current assets | 751 | - | €5,511 | +€5,511 | |
| Other financial income | 752/9 | €42,219 | €38,983 | -€3,236 | -7.7% |
| Financial charges | 65/66B | €102,693 | €98,295 | -€4,398 | -4.3% |
| Recurring financial charges | 65 | €100,452 | €98,295 | -€2,156 | -2.1% |
| Debt charges | 650 | €89,590 | €84,380 | -€5,210 | -5.8% |
| Other financial charges | 652/9 | €10,862 | €13,915 | +€3,053 | +28.1% |
| Non-recurring financial charges | 66B | €2,241 | €0 | -€2,241 | -100% |
| Profit (loss) for the period before taxes | 9903 | €1,128,064 | €1,660,369 | +€532,306 | +47.2% |
| Transfer from deferred taxes | 780 | €297 | €297 | = | 0.0% |
| Income taxes | 67/77 | €275,840 | €411,386 | +€135,546 | +49.1% |
| Taxes | 670/3 | €290,000 | €435,000 | +€145,000 | +50.0% |
| Tax adjustments and reversals of tax provisions | 77 | €14,160 | €23,614 | +€9,454 | +66.8% |
| Profit (loss) for the period | 9904 | €852,521 | €1,249,281 | +€396,760 | +46.5% |
| Transfer from tax-exempt reserves | 789 | €578 | €578 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €210,500 | €210,500 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €642,598 | €1,039,358 | +€396,760 | +61.7% |
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 20 October 2026 via checked.be.