MEAT VERDICKT: 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 VERDICKT
Largest movements
- Tangible fixed assets +€38,198
up €38,198 (+368%), from €10,375 to €48,573
of which Plant, machinery and equipment: +€36,982
- Cash +€12,546
up €12,546 (+37.7%), from €33,291 to €45,837
mainly Debts after one year (+€36,129) and Depreciation (+€14,855)
- Receivables within one year -€9,271
down €9,271 (-67.5%), from €13,729 to €4,457
of which Trade receivables: -€8,180
- Deferred charges and accrued income +€1,676
up €1,676 (+504%), from €333 to €2,009
- Debts after one year +€36,129
new in 2026: €36,129
- Current portion of long-term debt +€8,871
new in 2026: €8,871
- Reserves +€4,536
up €4,536 (+10.9%), from €41,700 to €46,236
- Trade debts -€3,683
down €3,683 (-38.3%), from €9,612 to €5,929
- Tax, wage and social debts -€2,704
down €2,704 (-55.0%), from €4,916 to €2,212
of which Taxes: -€4,169
- Staff costs +€9,097
new in 2026: €9,097
- Depreciation +€8,471
up €8,471 (+133%), from €6,384 to €14,855
- Taxes -€4,388
down €4,388 (-99.3%), from €4,421 to €33
- Gross operating margin +€1,397
up €1,397 (+5.0%), from €28,092 to €29,490
- Financial charges +€844
up €844 (+633%), from €133 to €978
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,228 | €102,377 | +€43,149 | +72.9% |
| Fixed assets | 21/28 | €11,875 | €50,073 | +€38,198 | +322% |
| Tangible fixed assets | 22/27 | €10,375 | €48,573 | +€38,198 | +368% |
| Plant, machinery and equipment | 23 | - | €36,982 | +€36,982 | |
| Furniture and vehicles | 24 | €7,389 | €1,056 | -€6,333 | -85.7% |
| Other tangible fixed assets | 26 | €2,986 | €10,535 | +€7,549 | +253% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €47,353 | €52,304 | +€4,951 | +10.5% |
| Amounts receivable within one year | 40/41 | €13,729 | €4,457 | -€9,271 | -67.5% |
| Trade receivables | 40 | €12,623 | €4,444 | -€8,180 | -64.8% |
| Other amounts receivable | 41 | €1,105 | €14 | -€1,091 | -98.8% |
| Cash at bank and in hand | 54/58 | €33,291 | €45,837 | +€12,546 | +37.7% |
| Deferred charges and accrued income | 490/1 | €333 | €2,009 | +€1,676 | +504% |
| Total equity and liabilities | 10/49 | €59,228 | €102,377 | +€43,149 | +72.9% |
| Equity | 10/15 | €44,700 | €49,236 | +€4,536 | +10.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €41,700 | €46,236 | +€4,536 | +10.9% |
| Distributable reserves | 133 | €41,700 | €46,236 | +€4,536 | +10.9% |
| Amounts payable | 17/49 | €14,528 | €53,141 | +€38,613 | +266% |
| Amounts payable after more than one year | 17 | - | €36,129 | +€36,129 | |
| Financial debts | 170/4 | - | €36,129 | +€36,129 | |
| Amounts payable within one year | 42/48 | €14,528 | €17,012 | +€2,485 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | - | €8,871 | +€8,871 | |
| Trade debts | 44 | €9,612 | €5,929 | -€3,683 | -38.3% |
| Suppliers | 440/4 | €9,612 | €5,929 | -€3,683 | -38.3% |
| Taxes, remuneration and social security | 45 | €4,916 | €2,212 | -€2,704 | -55.0% |
| Taxes | 450/3 | €4,916 | €747 | -€4,169 | -84.8% |
| Remuneration and social security | 454/9 | - | €1,465 | +€1,465 | |
| Remuneration, social security and pensions | 62 | - | €9,097 | +€9,097 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,384 | €14,855 | +€8,471 | +133% |
| Other operating charges | 640/8 | €148 | €150 | +€2 | +1.4% |
| Gross operating margin | 9900 | €28,092 | €29,490 | +€1,397 | +5.0% |
| Operating profit (loss) | 9901 | €21,560 | €5,388 | -€16,172 | -75.0% |
| Financial income | 75/76B | - | €158 | +€158 | |
| Recurring financial income | 75 | - | €158 | +€158 | |
| Financial charges | 65/66B | €133 | €978 | +€844 | +633% |
| Recurring financial charges | 65 | €133 | €978 | +€844 | +633% |
| Profit (loss) for the period before taxes | 9903 | €21,427 | €4,568 | -€16,859 | -78.7% |
| Income taxes | 67/77 | €4,421 | €33 | -€4,388 | -99.3% |
| Profit (loss) for the period | 9904 | €17,006 | €4,536 | -€12,471 | -73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,006 | €4,536 | -€12,471 | -73.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.