MEAT & MORE: 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
MEAT & MORE
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€140,002
2024 · €416,211-€276,210
Equity
€22.3m
2024 · €16.3m+€6.1m
Cash
€151,741
2024 · €124,584+€27,156
Balance sheet total
€55.6m
2024 · €51.6m+€4.0m
Largest movements
Assets
- Receivables within one year +€3.2m
up €3.2m (+14.5%), from €21.9m to €25.0m
of which Other amounts receivable: +€4.3m
- Stocks and contracts +€917,557
up €917,557 (+8.5%), from €10.8m to €11.7m
Equity and liabilities
- Contributions +€6.0m
up €6.0m (+2400.0%), from €250,000 to €6.3m
- Other debts -€5.4m
no longer reported in 2025 (was €5.4m)
- Trade debts +€4.7m
up €4.7m (+34.6%), from €13.5m to €18.1m
- Debts after one year -€1.5m
down €1.5m (-13.8%), from €10.9m to €9.4m
Income statement
- Turnover +€11.6m
up €11.6m (+7.1%), from €163.2m to €174.8m
- Goods and materials +€5.1m
up €5.1m (+4.4%), from €117.3m to €122.4m
of which Purchases: +€6.7m
- Services and other goods +€4.2m
up €4.2m (+13.1%), from €32.0m to €36.2m
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
€416,211
Turnover
+€11.6m
Other operating income
+€64,028
Goods and materials
-€5.1m
Services and other goods
-€4.2m
Staff costs
-€1.2m
Depreciation
+€125,302
Other operating charges
-€13,311
Other operating items
-€3.2m
Financial income
+€219,751
Financial charges
+€136,394
Taxes
+€1.3m
Result 2025
€140,002
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
-€2.0m
Investment
-€2.4m
Financing
+€4.4m
Cash 2024
€124,584
From operations (derived)
-€2.0m
Net result for the year
+€140,002
Depreciation
+€2.5m
Stocks and contracts
-€917,557
Receivables within one year
-€3.2m
Trade debts
+€4.7m
Tax, wage and social debts
+€206,443
Other debts
-€5.4m
Investment (derived)
-€2.4m
Investment in fixed assets (net)
-€2.4m
Financing
+€4.4m
Debts after one year
-€1.5m
Current portion of long-term debt
-€34,171
Contributions, distributions and other
+€5.9m
Cash 2025
€151,741
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,559,541 | €55,550,503 | +€4.0m | +7.7% |
| Fixed assets | 21/28 | €18,817,845 | €18,694,225 | -€123,620 | -0.7% |
| Tangible fixed assets | 22/27 | €18,801,520 | €18,677,741 | -€123,780 | -0.7% |
| Land and buildings | 22 | €13,924,685 | €12,546,463 | -€1.4m | -9.9% |
| Plant, machinery and equipment | 23 | €4,028,054 | €3,703,406 | -€324,648 | -8.1% |
| Furniture and vehicles | 24 | €82,992 | €154,658 | +€71,666 | +86.4% |
| Other tangible fixed assets | 26 | €765,791 | €570,684 | -€195,107 | -25.5% |
| Assets under construction and advance payments | 27 | - | €1,702,530 | +€1.7m | |
| Financial fixed assets | 28 | €16,325 | €16,485 | +€160 | +1.0% |
| Other financial fixed assets | 284/8 | €16,325 | €16,485 | +€160 | +1.0% |
| Amounts receivable and cash guarantees | 285/8 | €16,325 | €16,485 | +€160 | +1.0% |
| Current assets | 29/58 | €32,741,696 | €36,856,278 | +€4.1m | +12.6% |
| Stocks and contracts in progress | 3 | €10,753,409 | €11,670,966 | +€917,557 | +8.5% |
| Stocks | 30/36 | €10,753,409 | €11,670,966 | +€917,557 | +8.5% |
| Raw materials and consumables | 30/31 | €2,993,320 | €3,396,018 | +€402,698 | +13.5% |
| Work in progress | 32 | €2,474,951 | €2,554,129 | +€79,178 | +3.2% |
| Finished goods | 33 | €1,878,497 | €1,559,994 | -€318,503 | -17.0% |
| Goods purchased for resale | 34 | €3,406,641 | €4,160,825 | +€754,184 | +22.1% |
| Amounts receivable within one year | 40/41 | €21,863,703 | €25,033,571 | +€3.2m | +14.5% |
| Trade receivables | 40 | €19,077,030 | €17,949,935 | -€1.1m | -5.9% |
| Other amounts receivable | 41 | €2,786,673 | €7,083,636 | +€4.3m | +154.2% |
| Cash at bank and in hand | 54/58 | €124,584 | €151,741 | +€27,156 | +21.8% |
| Total equity and liabilities | 10/49 | €51,559,541 | €55,550,503 | +€4.0m | +7.7% |
| Equity | 10/15 | €16,250,280 | €22,329,338 | +€6.1m | +37.4% |
| Contributions | 10/11 | €250,000 | €6,250,000 | +€6.0m | +2400.0% |
| Capital | 10 | €250,000 | €6,250,000 | +€6.0m | +2400.0% |
| Issued capital | 100 | €250,000 | €6,250,000 | +€6.0m | +2400.0% |
| Reserves | 13 | €9,747,255 | €9,747,255 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,010,255 | €9,010,255 | = | 0.0% |
| Distributable reserves | 133 | €712,000 | €712,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,186,246 | €6,326,096 | +€139,851 | +2.3% |
| Investment grants | 15 | €66,780 | €5,987 | -€60,793 | -91.0% |
| Provisions and deferred taxes | 16 | €2,400,000 | €2,400,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,400,000 | €2,400,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €2,400,000 | €2,400,000 | = | 0.0% |
| Amounts payable | 17/49 | €32,909,261 | €30,821,165 | -€2.1m | -6.3% |
| Amounts payable after more than one year | 17 | €10,875,000 | €9,375,000 | -€1.5m | -13.8% |
| Financial debts | 170/4 | €10,875,000 | €9,375,000 | -€1.5m | -13.8% |
| Credit institutions | 173 | €10,875,000 | €9,375,000 | -€1.5m | -13.8% |
| Amounts payable within one year | 42/48 | €22,034,261 | €21,446,165 | -€588,096 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €1,534,171 | €1,500,000 | -€34,171 | -2.2% |
| Trade debts | 44 | €13,454,079 | €18,113,163 | +€4.7m | +34.6% |
| Suppliers | 440/4 | €13,454,079 | €18,113,163 | +€4.7m | +34.6% |
| Taxes, remuneration and social security | 45 | €1,626,559 | €1,833,003 | +€206,443 | +12.7% |
| Remuneration and social security | 454/9 | €1,626,559 | €1,833,003 | +€206,443 | +12.7% |
| Other amounts payable | 47/48 | €5,419,452 | - | -€5.4m | |
| Operating income | 70/76A | €167,233,569 | €177,024,379 | +€9.8m | +5.9% |
| Turnover | 70 | €163,184,976 | €174,759,597 | +€11.6m | +7.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,165,907 | -€239,325 | -€1.4m | |
| Other operating income | 74 | €2,429,748 | €2,493,777 | +€64,028 | +2.6% |
| Non-recurring operating income | 76A | €452,938 | €10,331 | -€442,608 | -97.7% |
| Operating charges | 60/66A | €165,491,312 | €177,229,744 | +€11.7m | +7.1% |
| Goods for resale, raw materials and consumables | 60 | €117,284,260 | €122,414,446 | +€5.1m | +4.4% |
| Purchases | 600/8 | €116,901,980 | €123,571,328 | +€6.7m | +5.7% |
| Change in stocks: decrease (increase) | 609 | €382,281 | -€1,156,882 | -€1.5m | |
| Services and other goods | 61 | €32,048,279 | €36,247,701 | +€4.2m | +13.1% |
| Remuneration, social security and pensions | 62 | €13,512,848 | €14,670,341 | +€1.2m | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,632,390 | €2,507,088 | -€125,302 | -4.8% |
| Other operating charges | 640/8 | €13,300 | €26,611 | +€13,311 | +100.1% |
| Non-recurring operating charges | 66A | €233 | €1,363,557 | +€1.4m | +584164.6% |
| Operating profit (loss) | 9901 | €1,742,257 | -€205,364 | -€1.9m | |
| Financial income | 75/76B | €534,560 | €754,311 | +€219,751 | +41.1% |
| Recurring financial income | 75 | €534,560 | €754,311 | +€219,751 | +41.1% |
| Income from current assets | 751 | €118 | €193,752 | +€193,634 | +164641.0% |
| Other financial income | 752/9 | €534,443 | €560,559 | +€26,117 | +4.9% |
| Financial charges | 65/66B | €446,824 | €310,429 | -€136,394 | -30.5% |
| Recurring financial charges | 65 | €446,824 | €310,429 | -€136,394 | -30.5% |
| Debt charges | 650 | €438,479 | €295,892 | -€142,587 | -32.5% |
| Other financial charges | 652/9 | €8,345 | €14,538 | +€6,193 | +74.2% |
| Profit (loss) for the period before taxes | 9903 | €1,829,994 | €238,518 | -€1.6m | -87.0% |
| Income taxes | 67/77 | €1,413,782 | €98,516 | -€1.3m | -93.0% |
| Taxes | 670/3 | €2,244,545 | €98,516 | -€2.1m | -95.6% |
| Tax adjustments and reversals of tax provisions | 77 | €830,763 | - | -€830,763 | |
| Profit (loss) for the period | 9904 | €416,211 | €140,002 | -€276,210 | -66.4% |
| Transfer from tax-exempt reserves | 789 | €712,000 | - | -€712,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,128,211 | €140,002 | -€988,210 | -87.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.