Meatier: 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.
What changed
Meatier
NACE 01.500, Mixed farming
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€636,864
2024 · €976,166-€339,302
Equity
€2.7m
2024 · €2.1m+€636,864
Cash
€251,814
2024 · €961,665-€709,850
Balance sheet total
€10.7m
2024 · €10.4m+€353,492
Largest movements
Assets
- Cash -€709,850
down €709,850 (-73.8%), from €961,665 to €251,814
mainly Investment in fixed assets (net) (-€958,574) and Stocks and contracts (-€688,008)
- Stocks and contracts +€688,008
up €688,008 (+38.5%), from €1.8m to €2.5m
- Receivables within one year +€340,696
up €340,696 (+13.8%), from €2.5m to €2.8m
of which Trade receivables: +€762,956
Equity and liabilities
- Reserves +€636,864
up €636,864 (+37.7%), from €1.7m to €2.3m
of which Distributable reserves: +€386,014
- Trade debts -€616,862
down €616,862 (-32.9%), from €1.9m to €1.3m
- Debts after one year +€554,994
up €554,994 (+14.0%), from €4.0m to €4.5m
of which Financial debts: +€423,994
- Short-term financial debts -€325,000
down €325,000 (-54.2%), from €600,000 to €275,000
- Other debts +€238,390
up €238,390 (+35.7%), from €666,922 to €905,311
Income statement
- Gross operating margin -€1.9m
down €1.9m (-33.6%), from €5.8m to €3.8m
- Staff costs -€1.0m
down €1.0m (-37.1%), from €2.8m to €1.8m
- Depreciation -€368,030
down €368,030 (-28.0%), from €1.3m to €945,541
- Provisions -€75,000
down €75,000 (-100.0%), from €75,000 to €0
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
€976,166
Gross operating margin
-€1.9m
Staff costs
+€1.0m
Depreciation
+€368,030
Write-downs
+€17,341
Provisions
+€75,000
Other operating charges
+€17,990
Other operating items
+€35,152
Financial income
-€7,456
Financial charges
+€16,271
Taxes
+€32,915
Deferred taxes and other
+€9,967
Result 2025
€636,864
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
+€101,950
Investment
-€958,574
Financing
+€146,774
Cash 2024
€961,665
From operations (derived)
+€101,950
Net result for the year
+€636,864
Depreciation
+€945,541
Stocks and contracts
-€688,008
Receivables within one year
-€340,696
Deferred charges and accrued income
-€21,606
Provisions
-€583
Trade debts
-€616,862
Tax, wage and social debts
-€41,501
Other debts
+€238,390
Accrued charges and deferred income
-€9,589
Investment (derived)
-€958,574
Investment in fixed assets (net)
-€958,574
Financing
+€146,774
Debts after one year
+€554,994
Current portion of long-term debt
-€83,220
Short-term financial debts
-€325,000
Cash 2025
€251,814
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,375,913 | €10,729,405 | +€353,492 | +3.4% |
| Fixed assets | 21/28 | €5,117,327 | €5,130,360 | +€13,033 | +0.3% |
| Intangible fixed assets | 21 | €180,709 | €133,409 | -€47,300 | -26.2% |
| Tangible fixed assets | 22/27 | €4,933,703 | €4,993,901 | +€60,198 | +1.2% |
| Land and buildings | 22 | €2,154,713 | €2,153,171 | -€1,542 | -0.1% |
| Plant, machinery and equipment | 23 | €1,851,365 | €1,937,314 | +€85,949 | +4.6% |
| Furniture and vehicles | 24 | €392,887 | €536,183 | +€143,297 | +36.5% |
| Leasing and similar rights | 25 | €528,606 | €361,100 | -€167,506 | -31.7% |
| Other tangible fixed assets | 26 | €6,132 | €6,132 | = | 0.0% |
| Financial fixed assets | 28 | €2,915 | €3,050 | +€135 | +4.6% |
| Current assets | 29/58 | €5,258,586 | €5,599,046 | +€340,460 | +6.5% |
| Stocks and contracts in progress | 3 | €1,789,209 | €2,477,217 | +€688,008 | +38.5% |
| Stocks | 30/36 | €1,789,209 | €2,477,217 | +€688,008 | +38.5% |
| Amounts receivable within one year | 40/41 | €2,462,984 | €2,803,680 | +€340,696 | +13.8% |
| Trade receivables | 40 | €1,766,460 | €2,529,416 | +€762,956 | +43.2% |
| Other amounts receivable | 41 | €696,524 | €274,264 | -€422,260 | -60.6% |
| Cash at bank and in hand | 54/58 | €961,665 | €251,814 | -€709,850 | -73.8% |
| Deferred charges and accrued income | 490/1 | €44,728 | €66,334 | +€21,606 | +48.3% |
| Total equity and liabilities | 10/49 | €10,375,913 | €10,729,405 | +€353,492 | +3.4% |
| Equity | 10/15 | €2,091,383 | €2,728,247 | +€636,864 | +30.5% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €1,691,383 | €2,328,247 | +€636,864 | +37.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €770,031 | €1,020,881 | +€250,850 | +32.6% |
| Distributable reserves | 133 | €921,352 | €1,307,366 | +€386,014 | +41.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €85,171 | €84,588 | -€583 | -0.7% |
| Provisions for liabilities and charges | 160/5 | €75,000 | €75,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €75,000 | €75,000 | = | 0.0% |
| Deferred taxes | 168 | €10,171 | €9,588 | -€583 | -5.7% |
| Amounts payable | 17/49 | €8,199,359 | €7,916,570 | -€282,789 | -3.4% |
| Amounts payable after more than one year | 17 | €3,977,105 | €4,532,099 | +€554,994 | +14.0% |
| Financial debts | 170/4 | €3,210,191 | €3,634,185 | +€423,994 | +13.2% |
| Other amounts payable | 178/9 | €766,914 | €897,914 | +€131,000 | +17.1% |
| Amounts payable within one year | 42/48 | €4,197,271 | €3,369,078 | -€828,193 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €786,199 | €702,979 | -€83,220 | -10.6% |
| Financial debts | 43 | €600,000 | €275,000 | -€325,000 | -54.2% |
| Credit institutions | 430/8 | €600,000 | €275,000 | -€325,000 | -54.2% |
| Trade debts | 44 | €1,875,420 | €1,258,558 | -€616,862 | -32.9% |
| Suppliers | 440/4 | €1,875,420 | €1,258,558 | -€616,862 | -32.9% |
| Taxes, remuneration and social security | 45 | €268,731 | €227,230 | -€41,501 | -15.4% |
| Taxes | 450/3 | €38,757 | €1,644 | -€37,113 | -95.8% |
| Remuneration and social security | 454/9 | €229,974 | €225,585 | -€4,388 | -1.9% |
| Other amounts payable | 47/48 | €666,922 | €905,311 | +€238,390 | +35.7% |
| Accrued charges and deferred income | 492/3 | €24,983 | €15,394 | -€9,589 | -38.4% |
| Non-recurring operating income | 76A | €42,043 | €13,740 | -€28,303 | -67.3% |
| Remuneration, social security and pensions | 62 | €2,802,026 | €1,763,476 | -€1.0m | -37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,313,571 | €945,541 | -€368,030 | -28.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,476 | €5,135 | -€17,341 | -77.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €75,000 | €0 | -€75,000 | -100.0% |
| Other operating charges | 640/8 | €34,127 | €16,137 | -€17,990 | -52.7% |
| Non-recurring operating charges | 66A | €45,390 | €10,238 | -€35,152 | -77.4% |
| Gross operating margin | 9900 | €5,783,510 | €3,840,448 | -€1.9m | -33.6% |
| Operating profit (loss) | 9901 | €1,490,921 | €1,099,922 | -€390,999 | -26.2% |
| Financial income | 75/76B | €20,877 | €13,421 | -€7,456 | -35.7% |
| Recurring financial income | 75 | €20,877 | €13,421 | -€7,456 | -35.7% |
| Financial charges | 65/66B | €276,254 | €259,983 | -€16,271 | -5.9% |
| Recurring financial charges | 65 | €276,254 | €259,983 | -€16,271 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €1,235,544 | €853,360 | -€382,184 | -30.9% |
| Transfer from deferred taxes | 780 | €334 | €583 | +€249 | +74.5% |
| Transfer to deferred taxes | 680 | €9,718 | €0 | -€9,718 | -100.0% |
| Income taxes | 67/77 | €249,994 | €217,079 | -€32,915 | -13.2% |
| Profit (loss) for the period | 9904 | €976,166 | €636,864 | -€339,302 | -34.8% |
| Transfer from tax-exempt reserves | 789 | €1,003 | €1,750 | +€747 | +74.5% |
| Transfer to tax-exempt reserves | 689 | €660,655 | €252,600 | -€408,055 | -61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €316,515 | €386,014 | +€69,500 | +22.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.