MD 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.
MD Meat
Largest movements
- Receivables after one year +€37,844
new in 2024: €37,844
- Intangible fixed assets -€28,216
down €28,216 (-28.5%), from €99,119 to €70,903
- Receivables within one year +€9,387
up €9,387 (+28.5%), from €32,928 to €42,316
of which Other amounts receivable: +€9,276
- Financial fixed assets +€7,574
up €7,574 (+870.5%), from €870 to €8,444
- Cash -€5,494
down €5,494 (-19.8%), from €27,799 to €22,304
mainly Receivables after one year (-€37,844) and Investment in fixed assets (net) (-€12,721)
- Trade debts +€31,728
up €31,728 (+22.0%), from €144,481 to €176,209
- Tax, wage and social debts -€8,690
down €8,690 (-29.3%), from €29,613 to €20,923
of which Taxes: -€6,711
- Profit (loss) carried forward -€5,604
down €5,604 (-15.0%), from €37,372 to €31,768
- Short-term financial debts +€3,357
new in 2024: €3,357
- Gross operating margin +€26,728
up €26,728 (+19.8%), from €134,852 to €161,580
- Staff costs +€23,277
up €23,277 (+24.4%), from €95,361 to €118,638
- Depreciation +€7,789
up €7,789 (+24.4%), from €31,982 to €39,771
- Financial charges +€3,909
up €3,909 (+136.0%), from €2,874 to €6,784
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €231,652 | €250,857 | +€19,204 | +8.3% |
| Formation expenses | 20 | €1,367 | - | -€1,367 | |
| Fixed assets | 21/28 | €146,870 | €121,187 | -€25,683 | -17.5% |
| Intangible fixed assets | 21 | €99,119 | €70,903 | -€28,216 | -28.5% |
| Tangible fixed assets | 22/27 | €46,881 | €41,840 | -€5,040 | -10.8% |
| Plant, machinery and equipment | 23 | €44,971 | €40,426 | -€4,545 | -10.1% |
| Furniture and vehicles | 24 | €1,910 | €1,414 | -€495 | -25.9% |
| Financial fixed assets | 28 | €870 | €8,444 | +€7,574 | +870.5% |
| Current assets | 29/58 | €83,416 | €129,670 | +€46,254 | +55.4% |
| Amounts receivable after more than one year | 29 | - | €37,844 | +€37,844 | |
| Other amounts receivable | 291 | - | €37,844 | +€37,844 | |
| Stocks and contracts in progress | 3 | €21,482 | €26,381 | +€4,899 | +22.8% |
| Stocks | 30/36 | €21,482 | €26,381 | +€4,899 | +22.8% |
| Amounts receivable within one year | 40/41 | €32,928 | €42,316 | +€9,387 | +28.5% |
| Trade receivables | 40 | €2,000 | €2,111 | +€111 | +5.6% |
| Other amounts receivable | 41 | €30,928 | €40,204 | +€9,276 | +30.0% |
| Cash at bank and in hand | 54/58 | €27,799 | €22,304 | -€5,494 | -19.8% |
| Deferred charges and accrued income | 490/1 | €1,207 | €825 | -€382 | -31.6% |
| Total equity and liabilities | 10/49 | €231,652 | €250,857 | +€19,204 | +8.3% |
| Equity | 10/15 | €55,972 | €50,368 | -€5,604 | -10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | €37,372 | €31,768 | -€5,604 | -15.0% |
| Amounts payable | 17/49 | €175,680 | €200,489 | +€24,809 | +14.1% |
| Amounts payable after more than one year | 17 | €1,587 | - | -€1,587 | |
| Other amounts payable | 178/9 | €1,587 | - | -€1,587 | |
| Amounts payable within one year | 42/48 | €174,094 | €200,489 | +€26,395 | +15.2% |
| Financial debts | 43 | - | €3,357 | +€3,357 | |
| Credit institutions | 430/8 | - | €3,357 | +€3,357 | |
| Trade debts | 44 | €144,481 | €176,209 | +€31,728 | +22.0% |
| Suppliers | 440/4 | €144,481 | €176,209 | +€31,728 | +22.0% |
| Taxes, remuneration and social security | 45 | €29,613 | €20,923 | -€8,690 | -29.3% |
| Taxes | 450/3 | €17,992 | €11,281 | -€6,711 | -37.3% |
| Remuneration and social security | 454/9 | €11,621 | €9,642 | -€1,979 | -17.0% |
| Remuneration, social security and pensions | 62 | €95,361 | €118,638 | +€23,277 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,982 | €39,771 | +€7,789 | +24.4% |
| Other operating charges | 640/8 | €1,500 | €606 | -€893 | -59.6% |
| Gross operating margin | 9900 | €134,852 | €161,580 | +€26,728 | +19.8% |
| Operating profit (loss) | 9901 | €6,010 | €2,565 | -€3,446 | -57.3% |
| Financial income | 75/76B | €8 | €156 | +€148 | +1820.4% |
| Recurring financial income | 75 | €8 | €156 | +€148 | +1820.4% |
| Financial charges | 65/66B | €2,874 | €6,784 | +€3,909 | +136.0% |
| Recurring financial charges | 65 | €2,874 | €6,784 | +€3,909 | +136.0% |
| Profit (loss) for the period before taxes | 9903 | €3,144 | -€4,063 | -€7,207 | |
| Income taxes | 67/77 | €125 | €1,542 | +€1,417 | +1133.4% |
| Profit (loss) for the period | 9904 | €3,019 | -€5,604 | -€8,623 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,019 | -€5,604 | -€8,623 |
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 6 October 2026 via checked.be.