MEATSERVICE DISTRIBUTION: 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
MEATSERVICE DISTRIBUTION
NACE 47.221, Retail sale of meat and meat products, excluding game and poultry
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €1.1m-€5,837
Equity
€2.3m
2024 · €2.2m+€69,244
Cash
€2.2m
2024 · €2.4m-€141,077
Balance sheet total
€8.2m
2024 · €7.9m+€251,083
Largest movements
Assets
- Receivables within one year +€330,889
up €330,889 (+15.2%), from €2.2m to €2.5m
of which Trade receivables: +€339,316
- Stocks and contracts +€213,110
up €213,110 (+35.6%), from €599,374 to €812,483
- Cash -€141,077
down €141,077 (-5.9%), from €2.4m to €2.2m
mainly Contributions, distributions and other (-€1.0m) and Receivables within one year (-€330,889)
- Tangible fixed assets -€105,584
down €105,584 (-5.9%), from €1.8m to €1.7m
of which Land and buildings: -€128,009
Equity and liabilities
- Trade debts +€239,340
up €239,340 (+6.0%), from €4.0m to €4.2m
- Debts after one year -€83,632
down €83,632 (-28.3%), from €295,119 to €211,488
Income statement
No income-statement line moved by more than 1% of the activity.
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
€1.1m
Turnover
+€104,702
Other operating income
-€5,523
Goods and materials
-€42,941
Services and other goods
-€67,256
Staff costs
-€3,215
Depreciation
-€35,972
Other operating charges
+€787
Other operating items
+€53,775
Financial income
-€10,296
Financial charges
-€226
Taxes
+€328
Result 2025
€1.1m
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
+€1.1m
Investment
-€114,445
Financing
-€1.1m
Cash 2024
€2.4m
From operations (derived)
+€1.1m
Net result for the year
+€1.1m
Depreciation
+€264,341
Stocks and contracts
-€213,110
Receivables within one year
-€330,889
Smaller working-capital items
+€2,212
Trade debts
+€239,340
Tax, wage and social debts
+€72,485
Other debts
-€50,000
Investment (derived)
-€114,445
Investment in fixed assets (net)
-€164,497
Current investments
+€50,052
Financing
-€1.1m
Debts after one year
-€83,632
Current portion of long-term debt
+€3,328
Short-term financial debts
+€48
Contributions, distributions and other
-€1.0m
Cash 2025
€2.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,912,259 | €8,163,342 | +€251,083 | +3.2% |
| Fixed assets | 21/28 | €1,813,283 | €1,713,439 | -€99,844 | -5.5% |
| Tangible fixed assets | 22/27 | €1,790,335 | €1,684,751 | -€105,584 | -5.9% |
| Land and buildings | 22 | €1,280,196 | €1,152,188 | -€128,009 | -10.0% |
| Plant, machinery and equipment | 23 | €203,361 | €165,162 | -€38,200 | -18.8% |
| Furniture and vehicles | 24 | €192,716 | €346,980 | +€154,265 | +80.0% |
| Other tangible fixed assets | 26 | €1,061 | €0 | -€1,061 | -100% |
| Assets under construction and advance payments | 27 | €113,000 | €20,421 | -€92,579 | -81.9% |
| Financial fixed assets | 28 | €22,948 | €28,688 | +€5,740 | +25.0% |
| Other financial fixed assets | 284/8 | €22,948 | €28,688 | +€5,740 | +25.0% |
| Amounts receivable and cash guarantees | 285/8 | €22,948 | €28,688 | +€5,740 | +25.0% |
| Current assets | 29/58 | €6,098,976 | €6,449,903 | +€350,927 | +5.8% |
| Stocks and contracts in progress | 3 | €599,374 | €812,483 | +€213,110 | +35.6% |
| Stocks | 30/36 | €599,374 | €812,483 | +€213,110 | +35.6% |
| Goods purchased for resale | 34 | €599,374 | €812,483 | +€213,110 | +35.6% |
| Amounts receivable within one year | 40/41 | €2,181,904 | €2,512,793 | +€330,889 | +15.2% |
| Trade receivables | 40 | €2,129,513 | €2,468,829 | +€339,316 | +15.9% |
| Other amounts receivable | 41 | €52,391 | €43,964 | -€8,427 | -16.1% |
| Current investments | 50/53 | €900,093 | €850,041 | -€50,052 | -5.6% |
| Other investments | 51/53 | €900,093 | €850,041 | -€50,052 | -5.6% |
| Cash at bank and in hand | 54/58 | €2,388,312 | €2,247,235 | -€141,077 | -5.9% |
| Deferred charges and accrued income | 490/1 | €29,293 | €27,350 | -€1,943 | -6.6% |
| Total equity and liabilities | 10/49 | €7,912,259 | €8,163,342 | +€251,083 | +3.2% |
| Equity | 10/15 | €2,189,341 | €2,258,585 | +€69,244 | +3.2% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €173,018 | €173,018 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150,000 | €150,000 | = | 0.0% |
| Legal reserve | 130 | €150,000 | €150,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,018 | €23,018 | = | 0.0% |
| Profit (loss) carried forward | 14 | €516,323 | €585,567 | +€69,244 | +13.4% |
| Amounts payable | 17/49 | €5,722,917 | €5,904,757 | +€181,839 | +3.2% |
| Amounts payable after more than one year | 17 | €295,119 | €211,488 | -€83,632 | -28.3% |
| Financial debts | 170/4 | €295,119 | €211,488 | -€83,632 | -28.3% |
| Credit institutions | 173 | €295,119 | €211,488 | -€83,632 | -28.3% |
| Amounts payable within one year | 42/48 | €5,426,284 | €5,691,485 | +€265,201 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €80,304 | €83,632 | +€3,328 | +4.1% |
| Financial debts | 43 | €150,301 | €150,349 | +€48 | 0.0% |
| Credit institutions | 430/8 | €150,301 | €150,349 | +€48 | 0.0% |
| Trade debts | 44 | €3,992,372 | €4,231,712 | +€239,340 | +6.0% |
| Suppliers | 440/4 | €3,992,372 | €4,231,712 | +€239,340 | +6.0% |
| Taxes, remuneration and social security | 45 | €153,307 | €225,792 | +€72,485 | +47.3% |
| Taxes | 450/3 | €4,279 | €66,818 | +€62,539 | +1,462% |
| Remuneration and social security | 454/9 | €149,028 | €158,974 | +€9,946 | +6.7% |
| Other amounts payable | 47/48 | €1,050,000 | €1,000,000 | -€50,000 | -4.8% |
| Accrued charges and deferred income | 492/3 | €1,514 | €1,784 | +€270 | +17.8% |
| Operating income | 70/76A | €43,393,811 | €43,547,752 | +€153,940 | +0.4% |
| Turnover | 70 | €43,250,438 | €43,355,140 | +€104,702 | +0.2% |
| Other operating income | 74 | €142,355 | €136,832 | -€5,523 | -3.9% |
| Non-recurring operating income | 76A | €1,018 | €55,780 | +€54,761 | +5,377% |
| Operating charges | 60/66A | €41,972,736 | €42,122,320 | +€149,584 | +0.4% |
| Goods for resale, raw materials and consumables | 60 | €39,312,710 | €39,355,651 | +€42,941 | +0.1% |
| Purchases | 600/8 | €39,294,455 | €39,568,761 | +€274,305 | +0.7% |
| Change in stocks: decrease (increase) | 609 | €18,254 | -€213,110 | -€231,364 | |
| Services and other goods | 61 | €1,287,717 | €1,354,974 | +€67,256 | +5.2% |
| Remuneration, social security and pensions | 62 | €1,116,921 | €1,120,136 | +€3,215 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228,369 | €264,341 | +€35,972 | +15.8% |
| Other operating charges | 640/8 | €26,971 | €26,184 | -€787 | -2.9% |
| Non-recurring operating charges | 66A | €49 | €1,035 | +€986 | +2,032% |
| Operating profit (loss) | 9901 | €1,421,075 | €1,425,432 | +€4,356 | +0.3% |
| Financial income | 75/76B | €34,570 | €24,274 | -€10,296 | -29.8% |
| Recurring financial income | 75 | €34,570 | €24,274 | -€10,296 | -29.8% |
| Income from current assets | 751 | €34,056 | €24,274 | -€9,782 | -28.7% |
| Other financial income | 752/9 | €514 | €0 | -€514 | -100.0% |
| Financial charges | 65/66B | €19,801 | €20,027 | +€226 | +1.1% |
| Recurring financial charges | 65 | €19,801 | €20,027 | +€226 | +1.1% |
| Debt charges | 650 | €19,474 | €19,664 | +€190 | +1.0% |
| Other financial charges | 652/9 | €327 | €363 | +€36 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €1,435,844 | €1,429,679 | -€6,165 | -0.4% |
| Income taxes | 67/77 | €360,764 | €360,435 | -€328 | -0.1% |
| Taxes | 670/3 | €360,764 | €360,435 | -€328 | -0.1% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,075,080 | €1,069,244 | -€5,837 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,075,080 | €1,069,244 | -€5,837 | -0.5% |
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 31 October 2026 via checked.be.