MEAT US MANAGEMENT: 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.
MEAT US MANAGEMENT
Largest movements
- Receivables within one year +€115,247
up €115,247 (+227%), from €50,874 to €166,121
of which Trade receivables: +€116,000
- Cash -€89,947
down €89,947 (-91.4%), from €98,411 to €8,464
mainly Contributions, distributions and other (-€206,000) and Receivables within one year (-€115,247)
- Tangible fixed assets -€13,951
down €13,951 (-26.0%), from €53,676 to €39,725
of which Leasing and similar rights: -€16,987
- Deferred charges and accrued income -€2,687
down €2,687 (-42.4%), from €6,335 to €3,648
- Profit (loss) carried forward -€91,631
down €91,631 (-58.5%), from €156,579 to €64,948
- Other debts +€72,978
up €72,978 (+860%), from €8,482 to €81,461
- Tax, wage and social debts +€24,972
up €24,972 (+70.6%), from €35,396 to €60,368
of which Taxes: +€16,752
- Trade debts +€9,929
up €9,929 (+647%), from €1,534 to €11,462
- Debts after one year -€9,342
down €9,342 (-56.3%), from €16,583 to €7,241
- Gross operating margin +€36,971
up €36,971 (+19.9%), from €185,498 to €222,469
- Staff costs +€29,394
new in 2025: €29,394
- Write-downs -€12,156
no longer reported in 2025 (was €12,156)
- Taxes +€5,495
up €5,495 (+14.9%), from €36,896 to €42,391
- Financial charges +€3,138
up €3,138 (+35.1%), from €8,949 to €12,087
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €238,027 | €246,640 | +€8,613 | +3.6% |
| Formation expenses | 20 | €50 | - | -€50 | |
| Fixed assets | 21/28 | €55,376 | €41,425 | -€13,951 | -25.2% |
| Tangible fixed assets | 22/27 | €53,676 | €39,725 | -€13,951 | -26.0% |
| Furniture and vehicles | 24 | €7,508 | €10,544 | +€3,036 | +40.4% |
| Leasing and similar rights | 25 | €46,168 | €29,181 | -€16,987 | -36.8% |
| Financial fixed assets | 28 | €1,700 | €1,700 | = | 0.0% |
| Current assets | 29/58 | €182,602 | €205,215 | +€22,613 | +12.4% |
| Stocks and contracts in progress | 3 | €26,981 | €26,981 | = | 0.0% |
| Stocks | 30/36 | €26,981 | €26,981 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €50,874 | €166,121 | +€115,247 | +227% |
| Trade receivables | 40 | €48,293 | €164,294 | +€116,000 | +240% |
| Other amounts receivable | 41 | €2,581 | €1,828 | -€753 | -29.2% |
| Cash at bank and in hand | 54/58 | €98,411 | €8,464 | -€89,947 | -91.4% |
| Deferred charges and accrued income | 490/1 | €6,335 | €3,648 | -€2,687 | -42.4% |
| Total equity and liabilities | 10/49 | €238,027 | €246,640 | +€8,613 | +3.6% |
| Equity | 10/15 | €166,579 | €74,948 | -€91,631 | -55.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,579 | €64,948 | -€91,631 | -58.5% |
| Amounts payable | 17/49 | €71,449 | €171,692 | +€100,243 | +140% |
| Amounts payable after more than one year | 17 | €16,583 | €7,241 | -€9,342 | -56.3% |
| Financial debts | 170/4 | €16,583 | €7,241 | -€9,342 | -56.3% |
| Amounts payable within one year | 42/48 | €54,467 | €162,633 | +€108,165 | +199% |
| Current portion of amounts payable after more than one year | 42 | €9,056 | €9,342 | +€286 | +3.2% |
| Trade debts | 44 | €1,534 | €11,462 | +€9,929 | +647% |
| Suppliers | 440/4 | €1,534 | €11,462 | +€9,929 | +647% |
| Taxes, remuneration and social security | 45 | €35,396 | €60,368 | +€24,972 | +70.6% |
| Taxes | 450/3 | €35,396 | €52,148 | +€16,752 | +47.3% |
| Remuneration and social security | 454/9 | - | €8,220 | +€8,220 | |
| Other amounts payable | 47/48 | €8,482 | €81,461 | +€72,978 | +860% |
| Accrued charges and deferred income | 492/3 | €398 | €1,818 | +€1,420 | +357% |
| Remuneration, social security and pensions | 62 | - | €29,394 | +€29,394 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,732 | €21,283 | -€449 | -2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,156 | - | -€12,156 | |
| Other operating charges | 640/8 | €1,624 | €1,939 | +€314 | +19.4% |
| Non-recurring operating charges | 66A | €2,291 | €1,086 | -€1,205 | -52.6% |
| Gross operating margin | 9900 | €185,498 | €222,469 | +€36,971 | +19.9% |
| Operating profit (loss) | 9901 | €147,694 | €168,767 | +€21,072 | +14.3% |
| Financial income | 75/76B | €111 | €81 | -€30 | -27.4% |
| Recurring financial income | 75 | €111 | €81 | -€30 | -27.4% |
| Financial charges | 65/66B | €8,949 | €12,087 | +€3,138 | +35.1% |
| Recurring financial charges | 65 | €8,949 | €12,087 | +€3,138 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | €138,856 | €156,760 | +€17,904 | +12.9% |
| Income taxes | 67/77 | €36,896 | €42,391 | +€5,495 | +14.9% |
| Profit (loss) for the period | 9904 | €101,960 | €114,369 | +€12,409 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €101,960 | €114,369 | +€12,409 | +12.2% |
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 23 October 2026 via checked.be.