MEAT MAKER: 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 MAKER
Largest movements
- Receivables within one year +€45,272
up €45,272 (+64.3%), from €70,388 to €115,660
of which Other amounts receivable: +€30,069
- Tangible fixed assets +€21,014
new in 2025: €21,014
- Cash -€19,815
down €19,815 (-99.6%), from €19,892 to €77
mainly Receivables within one year (-€45,272) and Investment in fixed assets (net) (-€25,200)
- Financial fixed assets +€2,500
new in 2025: €2,500
- Reserves +€31,300
up €31,300 (+99.7%), from €31,400 to €62,700
- Debts after one year +€16,554
new in 2025: €16,554
- Trade debts -€13,076
down €13,076 (-50.9%), from €25,701 to €12,626
- Tax, wage and social debts +€10,159
up €10,159 (+34.4%), from €29,537 to €39,696
- Current portion of long-term debt +€4,313
new in 2025: €4,313
- Gross operating margin -€6,037
down €6,037 (-10.9%), from €55,154 to €49,117
- Taxes -€2,021
down €2,021 (-13.0%), from €15,506 to €13,485
- Financial income +€1,738
up €1,738 (+147.7%), from €1,176 to €2,914
- Depreciation +€1,686
new in 2025: €1,686
- Write-downs -€1,123
no longer reported in 2025 (was €1,123)
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 | €90,751 | €140,159 | +€49,408 | +54.4% |
| Fixed assets | 21/28 | - | €23,514 | +€23,514 | |
| Tangible fixed assets | 22/27 | - | €21,014 | +€21,014 | |
| Furniture and vehicles | 24 | - | €21,014 | +€21,014 | |
| Financial fixed assets | 28 | - | €2,500 | +€2,500 | |
| Current assets | 29/58 | €90,751 | €116,645 | +€25,894 | +28.5% |
| Amounts receivable within one year | 40/41 | €70,388 | €115,660 | +€45,272 | +64.3% |
| Trade receivables | 40 | €31,652 | €46,855 | +€15,204 | +48.0% |
| Other amounts receivable | 41 | €38,736 | €68,805 | +€30,069 | +77.6% |
| Cash at bank and in hand | 54/58 | €19,892 | €77 | -€19,815 | -99.6% |
| Deferred charges and accrued income | 490/1 | €472 | €908 | +€436 | +92.5% |
| Total equity and liabilities | 10/49 | €90,751 | €140,159 | +€49,408 | +54.4% |
| Equity | 10/15 | €35,488 | €66,789 | +€31,302 | +88.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €31,400 | €62,700 | +€31,300 | +99.7% |
| Distributable reserves | 133 | €31,400 | €62,700 | +€31,300 | +99.7% |
| Profit (loss) carried forward | 14 | €88 | €89 | +€2 | +2.0% |
| Amounts payable | 17/49 | €55,263 | €73,370 | +€18,107 | +32.8% |
| Amounts payable after more than one year | 17 | - | €16,554 | +€16,554 | |
| Financial debts | 170/4 | - | €16,554 | +€16,554 | |
| Amounts payable within one year | 42/48 | €55,238 | €56,634 | +€1,396 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,313 | +€4,313 | |
| Trade debts | 44 | €25,701 | €12,626 | -€13,076 | -50.9% |
| Suppliers | 440/4 | €25,701 | €12,626 | -€13,076 | -50.9% |
| Taxes, remuneration and social security | 45 | €29,537 | €39,696 | +€10,159 | +34.4% |
| Taxes | 450/3 | €29,537 | €39,696 | +€10,159 | +34.4% |
| Accrued charges and deferred income | 492/3 | €25 | €182 | +€157 | +629.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,686 | +€1,686 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,123 | - | -€1,123 | |
| Other operating charges | 640/8 | €1,656 | €2,159 | +€503 | +30.4% |
| Gross operating margin | 9900 | €55,154 | €49,117 | -€6,037 | -10.9% |
| Operating profit (loss) | 9901 | €52,375 | €45,273 | -€7,102 | -13.6% |
| Financial income | 75/76B | €1,176 | €2,914 | +€1,738 | +147.7% |
| Recurring financial income | 75 | €1,176 | €2,914 | +€1,738 | +147.7% |
| Financial charges | 65/66B | €3,317 | €3,399 | +€83 | +2.5% |
| Recurring financial charges | 65 | €3,317 | €3,399 | +€83 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €50,235 | €44,787 | -€5,448 | -10.8% |
| Income taxes | 67/77 | €15,506 | €13,485 | -€2,021 | -13.0% |
| Profit (loss) for the period | 9904 | €34,729 | €31,302 | -€3,427 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,729 | €31,302 | -€3,427 | -9.9% |
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.