Management Meat: 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
Management Meat
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€851
2024 · €10,268-€11,119
Equity
€856,403
2024 · €857,254-€851
Cash
€3,821
2024 · €6,783-€2,961
Balance sheet total
€1.2m
2024 · €1.2m-€10,269
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Turnover -€15,550
down €15,550 (-12.3%), from €126,000 to €110,450
- Other operating income -€7,644
down €7,644 (-43.3%), from €17,636 to €9,991
- Services and other goods -€6,775
down €6,775 (-5.9%), from €115,046 to €108,271
- Taxes -€3,439
down €3,439 (-89.5%), from €3,841 to €402
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
€10,268
Turnover
-€15,550
Other operating income
-€7,644
Services and other goods
+€6,775
Depreciation
-€316
Other operating charges
+€1,012
Other operating items
+€2,066
Financial income
-€600
Financial charges
-€301
Taxes
+€3,439
Result 2025
-€851
Cash bridge derived
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
+€3,192
Investment
-€6,153
Financing
€0
Cash 2024
€6,783
From operations (derived)
+€3,192
Net result for the year
-€851
Depreciation
+€7,926
Receivables within one year
+€7,558
Deferred charges and accrued income
-€2,023
Trade debts
-€1,477
Tax, wage and social debts
-€8,469
Other debts
+€529
Investment (derived)
-€6,153
Investment in fixed assets (net)
-€6,153
Cash 2025
€3,821
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,185,524 | €1,175,256 | -€10,269 | -0.9% |
| Fixed assets | 21/28 | €1,159,372 | €1,157,599 | -€1,773 | -0.2% |
| Tangible fixed assets | 22/27 | €30,695 | €22,769 | -€7,926 | -25.8% |
| Furniture and vehicles | 24 | €30,695 | €22,769 | -€7,926 | -25.8% |
| Financial fixed assets | 28 | €1,128,677 | €1,134,830 | +€6,153 | +0.5% |
| Affiliated companies | 280/1 | €1,128,627 | €1,134,830 | +€6,203 | +0.5% |
| Participating interests | 280 | €1,128,627 | €1,134,830 | +€6,203 | +0.5% |
| Other financial fixed assets | 284/8 | €50 | - | -€50 | |
| Amounts receivable and cash guarantees | 285/8 | €50 | - | -€50 | |
| Current assets | 29/58 | €26,152 | €17,656 | -€8,496 | -32.5% |
| Amounts receivable within one year | 40/41 | €17,747 | €10,189 | -€7,558 | -42.6% |
| Trade receivables | 40 | €5,848 | €7,250 | +€1,402 | +24.0% |
| Other amounts receivable | 41 | €11,898 | €2,939 | -€8,959 | -75.3% |
| Cash at bank and in hand | 54/58 | €6,783 | €3,821 | -€2,961 | -43.7% |
| Deferred charges and accrued income | 490/1 | €1,623 | €3,646 | +€2,023 | +124.7% |
| Total equity and liabilities | 10/49 | €1,185,524 | €1,175,256 | -€10,269 | -0.9% |
| Equity | 10/15 | €857,254 | €856,403 | -€851 | -0.1% |
| Contributions | 10/11 | €845,317 | €845,317 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,937 | €11,086 | -€851 | -7.1% |
| Amounts payable | 17/49 | €328,270 | €318,853 | -€9,418 | -2.9% |
| Amounts payable within one year | 42/48 | €328,270 | €318,853 | -€9,418 | -2.9% |
| Trade debts | 44 | €1,484 | €7 | -€1,477 | -99.6% |
| Suppliers | 440/4 | €1,484 | €7 | -€1,477 | -99.6% |
| Taxes, remuneration and social security | 45 | €15,277 | €6,808 | -€8,469 | -55.4% |
| Taxes | 450/3 | €15,277 | €6,808 | -€8,469 | -55.4% |
| Other amounts payable | 47/48 | €311,509 | €312,038 | +€529 | +0.2% |
| Operating income | 70/76A | €143,636 | €122,507 | -€21,128 | -14.7% |
| Turnover | 70 | €126,000 | €110,450 | -€15,550 | -12.3% |
| Other operating income | 74 | €17,636 | €9,991 | -€7,644 | -43.3% |
| Non-recurring operating income | 76A | - | €2,066 | +€2,066 | |
| Operating charges | 60/66A | €124,381 | €116,910 | -€7,471 | -6.0% |
| Services and other goods | 61 | €115,046 | €108,271 | -€6,775 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,610 | €7,926 | +€316 | +4.1% |
| Other operating charges | 640/8 | €1,725 | €713 | -€1,012 | -58.7% |
| Operating profit (loss) | 9901 | €19,254 | €5,597 | -€13,657 | -70.9% |
| Financial income | 75/76B | €702 | €102 | -€600 | -85.5% |
| Recurring financial income | 75 | €702 | €102 | -€600 | -85.5% |
| Income from current assets | 751 | €702 | €102 | -€600 | -85.5% |
| Financial charges | 65/66B | €5,847 | €6,148 | +€301 | +5.1% |
| Recurring financial charges | 65 | €5,847 | €6,148 | +€301 | +5.1% |
| Debt charges | 650 | €5,845 | €5,954 | +€109 | +1.9% |
| Other financial charges | 652/9 | €2 | €194 | +€192 | +8654.5% |
| Profit (loss) for the period before taxes | 9903 | €14,109 | -€449 | -€14,558 | |
| Income taxes | 67/77 | €3,841 | €402 | -€3,439 | -89.5% |
| Taxes | 670/3 | €3,841 | €402 | -€3,439 | -89.5% |
| Profit (loss) for the period | 9904 | €10,268 | -€851 | -€11,119 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,268 | -€851 | -€11,119 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.