LR - BEEF: 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
LR - BEEF
NACE 10.120, Manufacture of food products
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€6,859
2023 · €5,103+€1,757
Equity
€61,337
2023 · €54,478+€6,859
Cash
€1,400
2023 · €549+€852
Balance sheet total
€1.1m
2023 · €841,651+€274,498
Largest movements
Assets
- Receivables within one year +€247,672
up €247,672 (+31.6%), from €783,652 to €1.0m
of which Trade receivables: +€247,094
- Tangible fixed assets +€21,068
up €21,068 (+86.5%), from €24,348 to €45,416
of which Furniture and vehicles: +€18,287
Equity and liabilities
- Trade debts +€286,647
up €286,647 (+39.6%), from €723,107 to €1.0m
Income statement
- Write-downs -€112,526
down €112,526 (-93.5%), from €120,320 to €7,793
- Gross operating margin -€106,888
down €106,888 (-68.9%), from €155,181 to €48,293
- Financial income +€38,676
up €38,676 (+2082.0%), from €1,858 to €40,534
of which Financial income: +€20,676
- Staff costs +€12,668
up €12,668 (+62.9%), from €20,141 to €32,809
- Depreciation +€5,171
up €5,171 (+164.3%), from €3,148 to €8,318
From the 2023 result to the 2024 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 2023
€5,103
Gross operating margin
-€106,888
Staff costs
-€12,668
Depreciation
-€5,171
Write-downs
+€112,526
Other operating charges
-€1,696
Other operating items
-€18,000
Financial income
+€38,676
Financial charges
-€2,728
Taxes
-€3,672
Deferred taxes and other
+€1,376
Result 2024
€6,859
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€30,238
Investment
-€29,386
Financing
€0
Cash 2023
€549
From operations (derived)
+€30,238
Net result for the year
+€6,859
Depreciation
+€8,318
Stocks and contracts
-€4,047
Receivables within one year
-€247,672
Deferred charges and accrued income
-€860
Provisions
-€231
Trade debts
+€286,647
Tax, wage and social debts
-€10,861
Other debts
-€4,410
Accrued charges and deferred income
-€3,506
Investment (derived)
-€29,386
Investment in fixed assets (net)
-€29,386
Cash 2024
€1,400
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €841,651 | €1,116,150 | +€274,498 | +32.6% |
| Fixed assets | 21/28 | €24,348 | €45,416 | +€21,068 | +86.5% |
| Tangible fixed assets | 22/27 | €24,348 | €45,416 | +€21,068 | +86.5% |
| Plant, machinery and equipment | 23 | €3,034 | €5,815 | +€2,781 | +91.6% |
| Furniture and vehicles | 24 | €21,314 | €39,601 | +€18,287 | +85.8% |
| Current assets | 29/58 | €817,303 | €1,070,733 | +€253,431 | +31.0% |
| Stocks and contracts in progress | 3 | €31,112 | €35,159 | +€4,047 | +13.0% |
| Stocks | 30/36 | €31,112 | €35,159 | +€4,047 | +13.0% |
| Amounts receivable within one year | 40/41 | €783,652 | €1,031,324 | +€247,672 | +31.6% |
| Trade receivables | 40 | €770,520 | €1,017,614 | +€247,094 | +32.1% |
| Other amounts receivable | 41 | €13,132 | €13,710 | +€578 | +4.4% |
| Cash at bank and in hand | 54/58 | €549 | €1,400 | +€852 | +155.2% |
| Deferred charges and accrued income | 490/1 | €1,990 | €2,850 | +€860 | +43.2% |
| Total equity and liabilities | 10/49 | €841,651 | €1,116,150 | +€274,498 | +32.6% |
| Equity | 10/15 | €54,478 | €61,337 | +€6,859 | +12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,295 | €4,602 | -€694 | -13.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €3,435 | €2,742 | -€694 | -20.2% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,582 | €38,135 | +€7,553 | +24.7% |
| Provisions and deferred taxes | 16 | €1,145 | €914 | -€231 | -20.2% |
| Deferred taxes | 168 | €1,145 | €914 | -€231 | -20.2% |
| Amounts payable | 17/49 | €786,029 | €1,053,899 | +€267,871 | +34.1% |
| Amounts payable after more than one year | 17 | €12,500 | €12,500 | = | 0.0% |
| Other amounts payable | 178/9 | €12,500 | €12,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €768,393 | €1,039,770 | +€271,377 | +35.3% |
| Trade debts | 44 | €723,107 | €1,009,755 | +€286,647 | +39.6% |
| Suppliers | 440/4 | €723,107 | €1,009,755 | +€286,647 | +39.6% |
| Taxes, remuneration and social security | 45 | €39,763 | €28,902 | -€10,861 | -27.3% |
| Taxes | 450/3 | €35,113 | €18,713 | -€16,400 | -46.7% |
| Remuneration and social security | 454/9 | €4,650 | €10,188 | +€5,539 | +119.1% |
| Other amounts payable | 47/48 | €5,523 | €1,114 | -€4,410 | -79.8% |
| Accrued charges and deferred income | 492/3 | €5,135 | €1,629 | -€3,506 | -68.3% |
| Non-recurring operating income | 76A | €5,372 | €0 | -€5,372 | -100.0% |
| Remuneration, social security and pensions | 62 | €20,141 | €32,809 | +€12,668 | +62.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,148 | €8,318 | +€5,171 | +164.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €120,320 | €7,793 | -€112,526 | -93.5% |
| Other operating charges | 640/8 | €4,368 | €6,064 | +€1,696 | +38.8% |
| Non-recurring operating charges | 66A | - | €18,000 | +€18,000 | |
| Gross operating margin | 9900 | €155,181 | €48,293 | -€106,888 | -68.9% |
| Operating profit (loss) | 9901 | €7,204 | -€24,693 | -€31,896 | |
| Financial income | 75/76B | €1,858 | €40,534 | +€38,676 | +2082.0% |
| Recurring financial income | 75 | €1,858 | €22,534 | +€20,676 | +1113.0% |
| Non-recurring financial income | 76B | €0 | €18,000 | +€18,000 | |
| Financial charges | 65/66B | €687 | €3,415 | +€2,728 | +396.8% |
| Recurring financial charges | 65 | €687 | €3,415 | +€2,728 | +396.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €8,374 | €12,427 | +€4,052 | +48.4% |
| Transfer from deferred taxes | 780 | €11 | €231 | +€220 | +1927.3% |
| Transfer to deferred taxes | 680 | €1,157 | €0 | -€1,157 | -100.0% |
| Income taxes | 67/77 | €2,126 | €5,799 | +€3,672 | +172.7% |
| Profit (loss) for the period | 9904 | €5,103 | €6,859 | +€1,757 | +34.4% |
| Transfer from tax-exempt reserves | 789 | €34 | €694 | +€660 | +1927.9% |
| Transfer to tax-exempt reserves | 689 | €3,470 | €0 | -€3,470 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,667 | €7,553 | +€5,886 | +353.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.