M-Viande: 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
M-Viande
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
-€38,344
2024 · €28,270-€66,615
Equity
€4,926
2024 · €43,270-€38,344
Cash
€16,632
2024 · €9,694+€6,938
Balance sheet total
€2.2m
2024 · €1.8m+€339,756
Largest movements
Assets
- Stocks and contracts +€236,448
up €236,448 (+379%), from €62,350 to €298,798
- Tangible fixed assets +€128,199
up €128,199 (+10.8%), from €1.2m to €1.3m
of which Land and buildings: +€158,128
Equity and liabilities
- Trade debts +€335,975
up €335,975 (+65.8%), from €510,310 to €846,286
- Debts after one year +€32,567
up €32,567 (+3.6%), from €903,377 to €935,944
- Reserves -€25,000
down €25,000 (-100%), from €25,000 to €0
Income statement
- Gross operating margin -€30,665
down €30,665 (-12.4%), from €247,569 to €216,904
- Financial charges +€21,384
up €21,384 (+49.1%), from €43,529 to €64,914
- Staff costs +€13,423
up €13,423 (+21.2%), from €63,431 to €76,853
- Depreciation +€4,742
up €4,742 (+4.5%), from €104,677 to €109,419
- Financial income +€4,697
up €4,697 (+459%), from €1,023 to €5,720
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
€28,270
Gross operating margin
-€30,665
Staff costs
-€13,423
Depreciation
-€4,742
Other operating charges
+€737
Other operating items
-€1,803
Financial income
+€4,697
Financial charges
-€21,384
Taxes
-€31
Result 2025
-€38,344
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
+€210,770
Investment
-€239,468
Financing
+€35,636
Cash 2024
€9,694
From operations (derived)
+€210,770
Net result for the year
-€38,344
Depreciation
+€109,419
Stocks and contracts
-€236,448
Receivables within one year
+€15,013
Deferred charges and accrued income
+€18,667
Trade debts
+€335,975
Tax, wage and social debts
+€5,322
Accrued charges and deferred income
+€1,167
Investment (derived)
-€239,468
Investment in fixed assets (net)
-€239,468
Financing
+€35,636
Debts after one year
+€32,567
Current portion of long-term debt
+€3,069
Cash 2025
€16,632
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,822,561 | €2,162,317 | +€339,756 | +18.6% |
| Fixed assets | 21/28 | €1,186,966 | €1,317,015 | +€130,049 | +11.0% |
| Intangible fixed assets | 21 | €925 | €825 | -€100 | -10.8% |
| Tangible fixed assets | 22/27 | €1,184,151 | €1,312,350 | +€128,199 | +10.8% |
| Land and buildings | 22 | €883,986 | €1,042,114 | +€158,128 | +17.9% |
| Plant, machinery and equipment | 23 | €107,432 | €107,293 | -€139 | -0.1% |
| Furniture and vehicles | 24 | €45,480 | €42,449 | -€3,031 | -6.7% |
| Leasing and similar rights | 25 | €147,254 | €120,494 | -€26,760 | -18.2% |
| Financial fixed assets | 28 | €1,890 | €3,840 | +€1,950 | +103% |
| Current assets | 29/58 | €635,595 | €845,302 | +€209,707 | +33.0% |
| Stocks and contracts in progress | 3 | €62,350 | €298,798 | +€236,448 | +379% |
| Stocks | 30/36 | €62,350 | €298,798 | +€236,448 | +379% |
| Amounts receivable within one year | 40/41 | €521,181 | €506,168 | -€15,013 | -2.9% |
| Trade receivables | 40 | €451,794 | €380,295 | -€71,499 | -15.8% |
| Other amounts receivable | 41 | €69,387 | €125,873 | +€56,486 | +81.4% |
| Cash at bank and in hand | 54/58 | €9,694 | €16,632 | +€6,938 | +71.6% |
| Deferred charges and accrued income | 490/1 | €42,371 | €23,704 | -€18,667 | -44.1% |
| Total equity and liabilities | 10/49 | €1,822,561 | €2,162,317 | +€339,756 | +18.6% |
| Equity | 10/15 | €43,270 | €4,926 | -€38,344 | -88.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €0 | -€25,000 | -100% |
| Distributable reserves | 133 | €25,000 | €0 | -€25,000 | -100% |
| Profit (loss) carried forward | 14 | €3,270 | -€10,074 | -€13,344 | |
| Amounts payable | 17/49 | €1,779,291 | €2,157,391 | +€378,100 | +21.3% |
| Amounts payable after more than one year | 17 | €903,377 | €935,944 | +€32,567 | +3.6% |
| Financial debts | 170/4 | €903,377 | €935,944 | +€32,567 | +3.6% |
| Amounts payable within one year | 42/48 | €872,364 | €1,216,730 | +€344,366 | +39.5% |
| Current portion of amounts payable after more than one year | 42 | €100,307 | €103,376 | +€3,069 | +3.1% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €510,310 | €846,286 | +€335,975 | +65.8% |
| Suppliers | 440/4 | €510,310 | €846,286 | +€335,975 | +65.8% |
| Taxes, remuneration and social security | 45 | €11,746 | €17,068 | +€5,322 | +45.3% |
| Taxes | 450/3 | €2,716 | €7,587 | +€4,871 | +179% |
| Remuneration and social security | 454/9 | €9,030 | €9,481 | +€451 | +5.0% |
| Accrued charges and deferred income | 492/3 | €3,550 | €4,716 | +€1,167 | +32.9% |
| Remuneration, social security and pensions | 62 | €63,431 | €76,853 | +€13,423 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,677 | €109,419 | +€4,742 | +4.5% |
| Other operating charges | 640/8 | €8,477 | €7,740 | -€737 | -8.7% |
| Non-recurring operating charges | 66A | - | €1,803 | +€1,803 | |
| Gross operating margin | 9900 | €247,569 | €216,904 | -€30,665 | -12.4% |
| Operating profit (loss) | 9901 | €70,984 | €21,088 | -€49,896 | -70.3% |
| Financial income | 75/76B | €1,023 | €5,720 | +€4,697 | +459% |
| Recurring financial income | 75 | €1,023 | €5,720 | +€4,697 | +459% |
| Financial charges | 65/66B | €43,529 | €64,914 | +€21,384 | +49.1% |
| Recurring financial charges | 65 | €43,529 | €64,914 | +€21,384 | +49.1% |
| Profit (loss) for the period before taxes | 9903 | €28,478 | -€38,105 | -€66,583 | |
| Income taxes | 67/77 | €208 | €239 | +€31 | +15.0% |
| Profit (loss) for the period | 9904 | €28,270 | -€38,344 | -€66,615 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,270 | -€38,344 | -€66,615 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.