MEAT SERVICE: 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 SERVICE
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€126,742
2024 · €43,221-€169,963
Equity
€453,582
2024 · €580,325-€126,742
Cash
€37,540
2024 · €15,780+€21,760
Balance sheet total
€1.5m
2024 · €1.3m+€118,281
Largest movements
Assets
- Receivables within one year +€98,289
up €98,289 (+20.7%), from €474,311 to €572,600
of which Trade receivables: +€93,774
- Cash +€21,760
up €21,760 (+138%), from €15,780 to €37,540
mainly Trade debts (+€274,097) and Depreciation (+€40,866)
Equity and liabilities
- Trade debts +€274,097
up €274,097 (+45.4%), from €603,879 to €877,976
- Profit (loss) carried forward -€126,742
down €126,742 (-50.6%), from -€250,661 to -€377,403
- Debts after one year -€23,220
down €23,220 (-44.3%), from €52,468 to €29,248
of which Financial debts: -€19,196
Income statement
- Gross operating margin -€194,362
down €194,362 (-77.7%), from €250,084 to €55,722
- Staff costs -€33,899
down €33,899 (-21.9%), from €154,567 to €120,668
- Depreciation +€7,070
up €7,070 (+20.9%), from €33,796 to €40,866
- Write-downs +€2,837
up €2,837 (+306%), from €928 to €3,765
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
€43,221
Gross operating margin
-€194,362
Staff costs
+€33,899
Depreciation
-€7,070
Write-downs
-€2,837
Other operating charges
-€1,011
Other operating items
+€1,240
Financial income
+€296
Financial charges
+€623
Taxes
-€740
Result 2025
-€126,742
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
+€78,857
Investment
-€30,473
Financing
-€26,623
Cash 2024
€15,780
From operations (derived)
+€78,857
Net result for the year
-€126,742
Depreciation
+€40,866
Stocks and contracts
-€6,512
Receivables within one year
-€98,289
Deferred charges and accrued income
-€2,113
Trade debts
+€274,097
Tax, wage and social debts
-€2,451
Investment (derived)
-€30,473
Investment in fixed assets (net)
-€30,473
Financing
-€26,623
Debts after one year
-€23,220
Current portion of long-term debt
-€3,403
Cash 2025
€37,540
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,341,669 | €1,459,950 | +€118,281 | +8.8% |
| Fixed assets | 21/28 | €826,190 | €815,797 | -€10,393 | -1.3% |
| Tangible fixed assets | 22/27 | €822,355 | €812,112 | -€10,243 | -1.2% |
| Land and buildings | 22 | €702,727 | €702,727 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,395 | €2,521 | +€1,126 | +80.7% |
| Furniture and vehicles | 24 | €118,234 | €106,864 | -€11,370 | -9.6% |
| Financial fixed assets | 28 | €3,835 | €3,685 | -€150 | -3.9% |
| Current assets | 29/58 | €515,479 | €644,153 | +€128,674 | +25.0% |
| Stocks and contracts in progress | 3 | €25,388 | €31,900 | +€6,512 | +25.6% |
| Stocks | 30/36 | €25,388 | €31,900 | +€6,512 | +25.6% |
| Amounts receivable within one year | 40/41 | €474,311 | €572,600 | +€98,289 | +20.7% |
| Trade receivables | 40 | €467,689 | €561,464 | +€93,774 | +20.1% |
| Other amounts receivable | 41 | €6,622 | €11,136 | +€4,515 | +68.2% |
| Cash at bank and in hand | 54/58 | €15,780 | €37,540 | +€21,760 | +138% |
| Deferred charges and accrued income | 490/1 | €0 | €2,113 | +€2,113 | |
| Total equity and liabilities | 10/49 | €1,341,669 | €1,459,950 | +€118,281 | +8.8% |
| Equity | 10/15 | €580,325 | €453,582 | -€126,742 | -21.8% |
| Contributions | 10/11 | €223,104 | €223,104 | = | 0.0% |
| Capital | 10 | €223,104 | €223,104 | = | 0.0% |
| Issued capital | 100 | €223,104 | €223,104 | = | 0.0% |
| Revaluation surpluses | 12 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €7,881 | €7,881 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,881 | €7,881 | = | 0.0% |
| Legal reserve | 130 | €7,881 | €7,881 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€250,661 | -€377,403 | -€126,742 | -50.6% |
| Amounts payable | 17/49 | €761,345 | €1,006,368 | +€245,023 | +32.2% |
| Amounts payable after more than one year | 17 | €52,468 | €29,248 | -€23,220 | -44.3% |
| Financial debts | 170/4 | €46,583 | €27,387 | -€19,196 | -41.2% |
| Other amounts payable | 178/9 | €5,885 | €1,861 | -€4,023 | -68.4% |
| Amounts payable within one year | 42/48 | €708,877 | €977,120 | +€268,243 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | €40,228 | €36,825 | -€3,403 | -8.5% |
| Trade debts | 44 | €603,879 | €877,976 | +€274,097 | +45.4% |
| Suppliers | 440/4 | €603,879 | €877,976 | +€274,097 | +45.4% |
| Advances received on contracts in progress | 46 | €1,001 | €1,001 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €54,680 | €52,229 | -€2,451 | -4.5% |
| Taxes | 450/3 | - | €2,098 | +€2,098 | |
| Remuneration and social security | 454/9 | €54,680 | €50,132 | -€4,549 | -8.3% |
| Other amounts payable | 47/48 | €9,089 | €9,089 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €154,567 | €120,668 | -€33,899 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,796 | €40,866 | +€7,070 | +20.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €928 | €3,765 | +€2,837 | +306% |
| Other operating charges | 640/8 | €14,163 | €15,174 | +€1,011 | +7.1% |
| Non-recurring operating charges | 66A | €1,240 | €0 | -€1,240 | -100% |
| Gross operating margin | 9900 | €250,084 | €55,722 | -€194,362 | -77.7% |
| Operating profit (loss) | 9901 | €45,390 | -€124,752 | -€170,142 | |
| Financial income | 75/76B | €2,945 | €3,241 | +€296 | +10.0% |
| Recurring financial income | 75 | €2,945 | €3,241 | +€296 | +10.0% |
| Financial charges | 65/66B | €5,114 | €4,490 | -€623 | -12.2% |
| Recurring financial charges | 65 | €5,114 | €4,490 | -€623 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €43,221 | -€126,002 | -€169,223 | |
| Income taxes | 67/77 | €0 | €740 | +€740 | |
| Profit (loss) for the period | 9904 | €43,221 | -€126,742 | -€169,963 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,221 | -€126,742 | -€169,963 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.