MEULEN-ACKER: 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
MEULEN-ACKER
NACE 47.221, Retail sale of meat and meat products, excluding game and poultry
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€80,459
2024 · €68,767+€11,692
Equity
€304,569
2024 · €290,610+€13,959
Cash
€172,973
2024 · €103,954+€69,019
Balance sheet total
€1.3m
2024 · €1.2m+€42,488
Largest movements
Assets
- Tangible fixed assets -€87,988
down €87,988 (-11.4%), from €775,005 to €687,017
of which Other tangible fixed assets: -€78,252
- Financial fixed assets +€80,000
up €80,000 (+31.8%), from €251,300 to €331,300
- Cash +€69,019
up €69,019 (+66.4%), from €103,954 to €172,973
mainly Depreciation (+€174,143) and Net result for the year (+€80,459)
Equity and liabilities
- Debts after one year -€43,378
down €43,378 (-10.7%), from €406,594 to €363,215
- Trade debts +€42,565
up €42,565 (+20.5%), from €207,417 to €249,982
- Other debts +€35,210
up €35,210 (+117.2%), from €30,030 to €65,240
- Reserves +€13,500
up €13,500 (+5.8%), from €234,110 to €247,610
of which Distributable reserves: +€13,500
Income statement
- Staff costs -€17,577
down €17,577 (-2.2%), from €797,397 to €779,820
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
€68,767
Gross operating margin
-€5,180
Staff costs
+€17,577
Depreciation
-€5,346
Other operating charges
-€226
Financial income
-€407
Financial charges
+€10,779
Taxes
-€5,506
Result 2025
€80,459
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
+€337,084
Investment
-€163,414
Financing
-€104,651
Cash 2024
€103,954
From operations (derived)
+€337,084
Net result for the year
+€80,459
Depreciation
+€174,143
Stocks and contracts
+€4,403
Receivables within one year
+€8,253
Deferred charges and accrued income
+€3,145
Trade debts
+€42,565
Tax, wage and social debts
-€11,443
Other debts
+€35,210
Accrued charges and deferred income
+€348
Investment (derived)
-€163,414
Investment in fixed assets (net)
-€163,414
Financing
-€104,651
Debts after one year
-€43,378
Current portion of long-term debt
+€2,155
Short-term financial debts
+€3,072
Contributions, distributions and other
-€66,500
Cash 2025
€172,973
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,234,461 | €1,276,950 | +€42,488 | +3.4% |
| Fixed assets | 21/28 | €1,035,162 | €1,024,432 | -€10,730 | -1.0% |
| Intangible fixed assets | 21 | €8,857 | €6,115 | -€2,742 | -31.0% |
| Tangible fixed assets | 22/27 | €775,005 | €687,017 | -€87,988 | -11.4% |
| Plant, machinery and equipment | 23 | €74,248 | €86,748 | +€12,500 | +16.8% |
| Furniture and vehicles | 24 | €105,086 | €74,660 | -€30,426 | -29.0% |
| Leasing and similar rights | 25 | €160,595 | €168,785 | +€8,190 | +5.1% |
| Other tangible fixed assets | 26 | €435,076 | €356,825 | -€78,252 | -18.0% |
| Financial fixed assets | 28 | €251,300 | €331,300 | +€80,000 | +31.8% |
| Current assets | 29/58 | €199,299 | €252,517 | +€53,218 | +26.7% |
| Stocks and contracts in progress | 3 | €40,099 | €35,696 | -€4,403 | -11.0% |
| Stocks | 30/36 | €40,099 | €35,696 | -€4,403 | -11.0% |
| Amounts receivable within one year | 40/41 | €35,931 | €27,678 | -€8,253 | -23.0% |
| Trade receivables | 40 | €17,739 | €18,176 | +€437 | +2.5% |
| Other amounts receivable | 41 | €18,192 | €9,502 | -€8,690 | -47.8% |
| Cash at bank and in hand | 54/58 | €103,954 | €172,973 | +€69,019 | +66.4% |
| Deferred charges and accrued income | 490/1 | €19,316 | €16,171 | -€3,145 | -16.3% |
| Total equity and liabilities | 10/49 | €1,234,461 | €1,276,950 | +€42,488 | +3.4% |
| Equity | 10/15 | €290,610 | €304,569 | +€13,959 | +4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €234,110 | €247,610 | +€13,500 | +5.8% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €215,360 | €228,860 | +€13,500 | +6.3% |
| Profit (loss) carried forward | 14 | €37,900 | €38,359 | +€459 | +1.2% |
| Amounts payable | 17/49 | €943,851 | €972,381 | +€28,529 | +3.0% |
| Amounts payable after more than one year | 17 | €406,594 | €363,215 | -€43,378 | -10.7% |
| Financial debts | 170/4 | €406,594 | €363,215 | -€43,378 | -10.7% |
| Amounts payable within one year | 42/48 | €535,387 | €606,947 | +€71,560 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €121,578 | €123,733 | +€2,155 | +1.8% |
| Financial debts | 43 | €56,288 | €59,360 | +€3,072 | +5.5% |
| Credit institutions | 430/8 | €56,288 | €59,360 | +€3,072 | +5.5% |
| Trade debts | 44 | €207,417 | €249,982 | +€42,565 | +20.5% |
| Suppliers | 440/4 | €207,417 | €249,982 | +€42,565 | +20.5% |
| Taxes, remuneration and social security | 45 | €120,075 | €108,632 | -€11,443 | -9.5% |
| Taxes | 450/3 | €2,800 | €3,400 | +€601 | +21.5% |
| Remuneration and social security | 454/9 | €117,275 | €105,232 | -€12,043 | -10.3% |
| Other amounts payable | 47/48 | €30,030 | €65,240 | +€35,210 | +117.2% |
| Accrued charges and deferred income | 492/3 | €1,870 | €2,218 | +€348 | +18.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €797,397 | €779,820 | -€17,577 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,798 | €174,143 | +€5,346 | +3.2% |
| Other operating charges | 640/8 | €4,591 | €4,817 | +€226 | +4.9% |
| Gross operating margin | 9900 | €1,097,643 | €1,092,463 | -€5,180 | -0.5% |
| Operating profit (loss) | 9901 | €126,857 | €133,683 | +€6,825 | +5.4% |
| Financial income | 75/76B | €3,645 | €3,238 | -€407 | -11.2% |
| Recurring financial income | 75 | €3,645 | €3,238 | -€407 | -11.2% |
| Financial charges | 65/66B | €46,308 | €35,528 | -€10,779 | -23.3% |
| Recurring financial charges | 65 | €46,308 | €35,528 | -€10,779 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €84,194 | €101,392 | +€17,198 | +20.4% |
| Income taxes | 67/77 | €15,427 | €20,933 | +€5,506 | +35.7% |
| Profit (loss) for the period | 9904 | €68,767 | €80,459 | +€11,692 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,767 | €80,459 | +€11,692 | +17.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.