MEATSTORY: 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.
MEATSTORY
Largest movements
- Cash +€49,248
up €49,248 (+135%), from €36,571 to €85,820
mainly Net result for the year (+€76,320) and Depreciation (+€50,963)
- Tangible fixed assets -€33,753
down €33,753 (-15.0%), from €224,903 to €191,149
of which Furniture and vehicles: -€28,168
- Receivables after one year +€20,000
new in 2025: €20,000
- Receivables within one year -€8,329
down €8,329 (-10.4%), from €80,302 to €71,973
of which Other amounts receivable: -€9,210
- Intangible fixed assets -€4,000
down €4,000 (-99.7%), from €4,011 to €11
- Reserves +€51,320
up €51,320 (+123%), from €41,821 to €93,140
- Debts after one year -€50,633
down €50,633 (-41.8%), from €121,123 to €70,490
of which Financial debts: -€25,633
- Tax, wage and social debts +€19,886
up €19,886 (+65.7%), from €30,257 to €50,143
of which Taxes: +€15,925
- Other debts +€6,991
up €6,991 (+27.7%), from €25,231 to €32,222
- Trade debts -€5,169
down €5,169 (-4.8%), from €106,821 to €101,652
- Gross operating margin +€83,523
up €83,523 (+56.3%), from €148,349 to €231,872
- Depreciation +€19,117
up €19,117 (+60.0%), from €31,847 to €50,963
- Staff costs +€17,260
up €17,260 (+28.8%), from €59,864 to €77,124
- Taxes +€13,307
up €13,307 (+158%), from €8,439 to €21,746
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 | €353,057 | €378,788 | +€25,731 | +7.3% |
| Fixed assets | 21/28 | €228,914 | €191,160 | -€37,753 | -16.5% |
| Intangible fixed assets | 21 | €4,011 | €11 | -€4,000 | -99.7% |
| Tangible fixed assets | 22/27 | €224,903 | €191,149 | -€33,753 | -15.0% |
| Plant, machinery and equipment | 23 | €77,703 | €61,851 | -€15,852 | -20.4% |
| Furniture and vehicles | 24 | €130,750 | €102,582 | -€28,168 | -21.5% |
| Other tangible fixed assets | 26 | €16,450 | €26,716 | +€10,266 | +62.4% |
| Current assets | 29/58 | €124,143 | €187,628 | +€63,484 | +51.1% |
| Amounts receivable after more than one year | 29 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 291 | - | €20,000 | +€20,000 | |
| Stocks and contracts in progress | 3 | €4,914 | €3,578 | -€1,336 | -27.2% |
| Stocks | 30/36 | €4,914 | €3,578 | -€1,336 | -27.2% |
| Amounts receivable within one year | 40/41 | €80,302 | €71,973 | -€8,329 | -10.4% |
| Trade receivables | 40 | €65,087 | €65,968 | +€881 | +1.4% |
| Other amounts receivable | 41 | €15,215 | €6,005 | -€9,210 | -60.5% |
| Cash at bank and in hand | 54/58 | €36,571 | €85,820 | +€49,248 | +135% |
| Deferred charges and accrued income | 490/1 | €2,356 | €6,257 | +€3,901 | +166% |
| Total equity and liabilities | 10/49 | €353,057 | €378,788 | +€25,731 | +7.3% |
| Equity | 10/15 | €43,821 | €95,140 | +€51,320 | +117% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €41,821 | €93,140 | +€51,320 | +123% |
| Distributable reserves | 133 | €41,821 | €93,140 | +€51,320 | +123% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €309,236 | €283,647 | -€25,589 | -8.3% |
| Amounts payable after more than one year | 17 | €121,123 | €70,490 | -€50,633 | -41.8% |
| Financial debts | 170/4 | €61,123 | €35,490 | -€25,633 | -41.9% |
| Other amounts payable | 178/9 | €60,000 | €35,000 | -€25,000 | -41.7% |
| Amounts payable within one year | 42/48 | €187,126 | €210,365 | +€23,238 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €24,818 | €25,633 | +€815 | +3.3% |
| Trade debts | 44 | €106,821 | €101,652 | -€5,169 | -4.8% |
| Suppliers | 440/4 | €106,821 | €101,652 | -€5,169 | -4.8% |
| Advances received on contracts in progress | 46 | €0 | €715 | +€715 | |
| Taxes, remuneration and social security | 45 | €30,257 | €50,143 | +€19,886 | +65.7% |
| Taxes | 450/3 | €18,318 | €34,243 | +€15,925 | +86.9% |
| Remuneration and social security | 454/9 | €11,939 | €15,900 | +€3,961 | +33.2% |
| Other amounts payable | 47/48 | €25,231 | €32,222 | +€6,991 | +27.7% |
| Accrued charges and deferred income | 492/3 | €987 | €2,792 | +€1,806 | +183% |
| Remuneration, social security and pensions | 62 | €59,864 | €77,124 | +€17,260 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,847 | €50,963 | +€19,117 | +60.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,267 | €955 | -€312 | -24.6% |
| Non-recurring operating charges | 66A | €12,567 | €0 | -€12,567 | -100% |
| Gross operating margin | 9900 | €148,349 | €231,872 | +€83,523 | +56.3% |
| Operating profit (loss) | 9901 | €42,804 | €102,830 | +€60,026 | +140% |
| Financial income | 75/76B | €716 | €1,001 | +€286 | +39.9% |
| Recurring financial income | 75 | €716 | €1,001 | +€286 | +39.9% |
| Financial charges | 65/66B | €3,857 | €5,765 | +€1,909 | +49.5% |
| Recurring financial charges | 65 | €3,857 | €5,765 | +€1,909 | +49.5% |
| Profit (loss) for the period before taxes | 9903 | €39,663 | €98,065 | +€58,403 | +147% |
| Income taxes | 67/77 | €8,439 | €21,746 | +€13,307 | +158% |
| Profit (loss) for the period | 9904 | €31,224 | €76,320 | +€45,096 | +144% |
| Profit (loss) for the period to be appropriated | 9905 | €31,224 | €76,320 | +€45,096 | +144% |
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 27 October 2026 via checked.be.