Meat 17: 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.
Meat 17
Largest movements
- Cash +€70,326
up €70,326 (+16.8%), from €419,161 to €489,488
mainly Net result for the year (+€183,835) and Depreciation (+€73,150)
- Tangible fixed assets +€43,879
up €43,879 (+13.9%), from €316,002 to €359,881
of which Land and buildings: +€82,025
- Stocks and contracts -€9,436
down €9,436 (-32.3%), from €29,200 to €19,764
- Profit (loss) carried forward +€133,835
up €133,835 (+89.7%), from €149,236 to €283,071
- Other debts -€59,127
no longer reported in 2025 (was €59,127)
- Reserves +€50,000
up €50,000 (+27.8%), from €180,000 to €230,000
- Debts after one year -€27,344
down €27,344 (-22.1%), from €123,781 to €96,437
- Tax, wage and social debts +€20,165
up €20,165 (+26.0%), from €77,452 to €97,617
of which Taxes: +€16,651
- Gross operating margin +€116,642
up €116,642 (+24.1%), from €483,258 to €599,900
- Staff costs +€61,915
up €61,915 (+30.4%), from €203,820 to €265,735
- Depreciation +€9,024
up €9,024 (+14.1%), from €64,126 to €73,150
- Taxes +€7,225
up €7,225 (+11.5%), from €62,796 to €70,021
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €773,412 | €875,299 | +€101,887 | +13.2% |
| Fixed assets | 21/28 | €316,002 | €359,881 | +€43,879 | +13.9% |
| Tangible fixed assets | 22/27 | €316,002 | €359,881 | +€43,879 | +13.9% |
| Land and buildings | 22 | €203,456 | €285,480 | +€82,025 | +40.3% |
| Plant, machinery and equipment | 23 | €32,338 | €17,202 | -€15,137 | -46.8% |
| Furniture and vehicles | 24 | €80,209 | €57,199 | -€23,009 | -28.7% |
| Current assets | 29/58 | €457,410 | €515,418 | +€58,009 | +12.7% |
| Stocks and contracts in progress | 3 | €29,200 | €19,764 | -€9,436 | -32.3% |
| Stocks | 30/36 | €29,200 | €19,764 | -€9,436 | -32.3% |
| Amounts receivable within one year | 40/41 | €9,049 | €6,167 | -€2,882 | -31.9% |
| Trade receivables | 40 | €6,785 | €549 | -€6,236 | -91.9% |
| Other amounts receivable | 41 | €2,264 | €5,618 | +€3,354 | +148.2% |
| Cash at bank and in hand | 54/58 | €419,161 | €489,488 | +€70,326 | +16.8% |
| Total equity and liabilities | 10/49 | €773,412 | €875,299 | +€101,887 | +13.2% |
| Equity | 10/15 | €339,236 | €523,071 | +€183,835 | +54.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €180,000 | €230,000 | +€50,000 | +27.8% |
| Distributable reserves | 133 | €180,000 | €230,000 | +€50,000 | +27.8% |
| Profit (loss) carried forward | 14 | €149,236 | €283,071 | +€133,835 | +89.7% |
| Amounts payable | 17/49 | €434,176 | €352,228 | -€81,948 | -18.9% |
| Amounts payable after more than one year | 17 | €123,781 | €96,437 | -€27,344 | -22.1% |
| Financial debts | 170/4 | €123,781 | €96,437 | -€27,344 | -22.1% |
| Amounts payable within one year | 42/48 | €310,396 | €255,791 | -€54,604 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €26,505 | €27,344 | +€839 | +3.2% |
| Trade debts | 44 | €147,311 | €130,830 | -€16,481 | -11.2% |
| Suppliers | 440/4 | €147,311 | €130,830 | -€16,481 | -11.2% |
| Taxes, remuneration and social security | 45 | €77,452 | €97,617 | +€20,165 | +26.0% |
| Taxes | 450/3 | €37,435 | €54,087 | +€16,651 | +44.5% |
| Remuneration and social security | 454/9 | €40,017 | €43,531 | +€3,514 | +8.8% |
| Other amounts payable | 47/48 | €59,127 | - | -€59,127 | |
| Non-recurring operating income | 76A | €9,167 | - | -€9,167 | |
| Remuneration, social security and pensions | 62 | €203,820 | €265,735 | +€61,915 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,126 | €73,150 | +€9,024 | +14.1% |
| Other operating charges | 640/8 | €4,739 | €4,355 | -€384 | -8.1% |
| Gross operating margin | 9900 | €483,258 | €599,900 | +€116,642 | +24.1% |
| Operating profit (loss) | 9901 | €210,574 | €256,661 | +€46,087 | +21.9% |
| Financial charges | 65/66B | €4,439 | €2,804 | -€1,635 | -36.8% |
| Recurring financial charges | 65 | €4,439 | €2,804 | -€1,635 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €206,135 | €253,856 | +€47,722 | +23.2% |
| Income taxes | 67/77 | €62,796 | €70,021 | +€7,225 | +11.5% |
| Profit (loss) for the period | 9904 | €143,339 | €183,835 | +€40,497 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €143,339 | €183,835 | +€40,497 | +28.3% |
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 6 October 2026 via checked.be.