Lean Meat Products: 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.
Lean Meat Products
Largest movements
- Tangible fixed assets -€1.1m
down €1.1m (-99.5%), from €1.1m to €6,198
of which Plant, machinery and equipment: -€699,846
- Receivables within one year +€928,971
up €928,971 (+184%), from €505,636 to €1.4m
of which Other amounts receivable: +€999,164
- Cash +€766,170
up €766,170 (+1,393%), from €54,984 to €821,153
mainly Investment in fixed assets (net) (+€1.4m) and Net result for the year (+€874,582)
- Stocks and contracts -€408,306
no longer reported in 2025 (was €408,306)
- Intangible fixed assets -€227,404
no longer reported in 2025 (was €227,404)
- Reserves +€772,500
up €772,500 (+615%), from €125,540 to €898,040
of which Tax-exempt reserves: +€772,500
- Debts after one year -€589,074
no longer reported in 2025 (was €589,074)
- Current portion of long-term debt -€495,947
no longer reported in 2025 (was €495,947)
- Provisions +€257,500
new in 2025: €257,500
- Accrued charges and deferred income +€200,331
new in 2025: €200,331
- Gross operating margin +€1.7m
up €1.7m (+187%), from €924,803 to €2.7m
- Staff costs -€512,583
down €512,583 (-92.8%), from €552,558 to €39,976
- Depreciation -€225,068
down €225,068 (-98.6%), from €228,338 to €3,270
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,333,648 | €2,268,589 | -€65,058 | -2.8% |
| Fixed assets | 21/28 | €1,364,210 | €7,198 | -€1.4m | -99.5% |
| Intangible fixed assets | 21 | €227,404 | - | -€227,404 | |
| Tangible fixed assets | 22/27 | €1,135,806 | €6,198 | -€1.1m | -99.5% |
| Land and buildings | 22 | €211,541 | - | -€211,541 | |
| Plant, machinery and equipment | 23 | €699,846 | - | -€699,846 | |
| Furniture and vehicles | 24 | €47,875 | €6,198 | -€41,676 | -87.1% |
| Leasing and similar rights | 25 | €176,545 | - | -€176,545 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €969,437 | €2,261,391 | +€1.3m | +133% |
| Stocks and contracts in progress | 3 | €408,306 | - | -€408,306 | |
| Stocks | 30/36 | €408,306 | - | -€408,306 | |
| Amounts receivable within one year | 40/41 | €505,636 | €1,434,608 | +€928,971 | +184% |
| Trade receivables | 40 | €388,111 | €317,918 | -€70,193 | -18.1% |
| Other amounts receivable | 41 | €117,525 | €1,116,690 | +€999,164 | +850% |
| Cash at bank and in hand | 54/58 | €54,984 | €821,153 | +€766,170 | +1,393% |
| Deferred charges and accrued income | 490/1 | €511 | €5,630 | +€5,119 | +1,001% |
| Total equity and liabilities | 10/49 | €2,333,648 | €2,268,589 | -€65,058 | -2.8% |
| Equity | 10/15 | €491,706 | €1,366,287 | +€874,582 | +178% |
| Contributions | 10/11 | €250,099 | €250,099 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Contributions outside capital | 11 | €99 | €99 | = | 0.0% |
| Share premium | 1100/10 | €99 | €99 | = | 0.0% |
| Reserves | 13 | €125,540 | €898,040 | +€772,500 | +615% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €772,500 | +€772,500 | |
| Distributable reserves | 133 | €100,540 | €100,540 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,066 | €218,148 | +€102,082 | +88.0% |
| Provisions and deferred taxes | 16 | - | €257,500 | +€257,500 | |
| Deferred taxes | 168 | - | €257,500 | +€257,500 | |
| Amounts payable | 17/49 | €1,841,942 | €644,802 | -€1.2m | -65.0% |
| Amounts payable after more than one year | 17 | €589,074 | - | -€589,074 | |
| Financial debts | 170/4 | €589,074 | - | -€589,074 | |
| Amounts payable within one year | 42/48 | €1,252,868 | €444,471 | -€808,397 | -64.5% |
| Current portion of amounts payable after more than one year | 42 | €495,947 | - | -€495,947 | |
| Trade debts | 44 | €470,424 | €349,191 | -€121,233 | -25.8% |
| Suppliers | 440/4 | €470,424 | €349,191 | -€121,233 | -25.8% |
| Advances received on contracts in progress | 46 | €25,000 | - | -€25,000 | |
| Taxes, remuneration and social security | 45 | €88,434 | €41,404 | -€47,029 | -53.2% |
| Taxes | 450/3 | €40,432 | €41,404 | +€972 | +2.4% |
| Remuneration and social security | 454/9 | €48,002 | - | -€48,002 | |
| Other amounts payable | 47/48 | €173,063 | €53,875 | -€119,188 | -68.9% |
| Accrued charges and deferred income | 492/3 | - | €200,331 | +€200,331 | |
| Non-recurring operating income | 76A | €28,250 | - | -€28,250 | |
| Remuneration, social security and pensions | 62 | €552,558 | €39,976 | -€512,583 | -92.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228,338 | €3,270 | -€225,068 | -98.6% |
| Other operating charges | 640/8 | €11,674 | €5,667 | -€6,007 | -51.5% |
| Non-recurring operating charges | 66A | - | €1,439,728 | +€1.4m | |
| Gross operating margin | 9900 | €924,803 | €2,658,519 | +€1.7m | +187% |
| Operating profit (loss) | 9901 | €132,232 | €1,169,878 | +€1.0m | +785% |
| Financial income | 75/76B | €897 | €5,874 | +€4,977 | +555% |
| Recurring financial income | 75 | €897 | €5,874 | +€4,977 | +555% |
| Financial charges | 65/66B | €45,881 | €23,276 | -€22,605 | -49.3% |
| Recurring financial charges | 65 | €45,881 | €23,276 | -€22,605 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €87,248 | €1,152,477 | +€1.1m | +1,221% |
| Transfer to deferred taxes | 680 | - | €257,500 | +€257,500 | |
| Income taxes | 67/77 | €8,425 | €20,395 | +€11,970 | +142% |
| Profit (loss) for the period | 9904 | €78,823 | €874,582 | +€795,758 | +1,010% |
| Transfer to tax-exempt reserves | 689 | - | €772,500 | +€772,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,823 | €102,082 | +€23,258 | +29.5% |
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 19 October 2026 via checked.be.