Natural Meat: 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.
Natural Meat
Largest movements
- Cash +€137,399
up €137,399 (+52.7%), from €260,810 to €398,209
mainly Net result for the year (+€242,290) and Trade debts (+€173,949)
- Receivables within one year +€131,945
up €131,945 (+21.8%), from €605,513 to €737,457
of which Trade receivables: +€112,650
- Stocks and contracts +€96,000
up €96,000 (+30.5%), from €314,428 to €410,428
- Tangible fixed assets -€24,614
down €24,614 (-6.9%), from €358,146 to €333,533
of which Leasing and similar rights: -€31,467
- Reserves +€242,290
up €242,290 (+30.3%), from €800,433 to €1.0m
of which Distributable reserves: +€242,290
- Trade debts +€173,949
up €173,949 (+57.5%), from €302,266 to €476,215
- Debts after one year -€52,473
down €52,473 (-40.7%), from €128,963 to €76,490
- Gross operating margin +€262,513
up €262,513 (+24.6%), from €1.1m to €1.3m
- Staff costs +€197,871
up €197,871 (+40.3%), from €491,181 to €689,052
- Write-downs +€50,386
up €50,386 (+507%), from €9,929 to €60,315
- Taxes -€35,630
down €35,630 (-30.0%), from €118,870 to €83,240
- Depreciation +€25,350
up €25,350 (+31.7%), from €80,068 to €105,418
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 | €1,570,539 | €1,911,591 | +€341,052 | +21.7% |
| Fixed assets | 21/28 | €381,797 | €357,184 | -€24,614 | -6.4% |
| Tangible fixed assets | 22/27 | €358,146 | €333,533 | -€24,614 | -6.9% |
| Land and buildings | 22 | €62,004 | €58,362 | -€3,643 | -5.9% |
| Plant, machinery and equipment | 23 | €157,646 | €165,417 | +€7,771 | +4.9% |
| Furniture and vehicles | 24 | €13,109 | €15,834 | +€2,725 | +20.8% |
| Leasing and similar rights | 25 | €125,387 | €93,920 | -€31,467 | -25.1% |
| Financial fixed assets | 28 | €23,651 | €23,651 | = | 0.0% |
| Current assets | 29/58 | €1,188,742 | €1,554,408 | +€365,666 | +30.8% |
| Stocks and contracts in progress | 3 | €314,428 | €410,428 | +€96,000 | +30.5% |
| Stocks | 30/36 | €314,428 | €410,428 | +€96,000 | +30.5% |
| Amounts receivable within one year | 40/41 | €605,513 | €737,457 | +€131,945 | +21.8% |
| Trade receivables | 40 | €579,879 | €692,529 | +€112,650 | +19.4% |
| Other amounts receivable | 41 | €25,634 | €44,928 | +€19,295 | +75.3% |
| Cash at bank and in hand | 54/58 | €260,810 | €398,209 | +€137,399 | +52.7% |
| Deferred charges and accrued income | 490/1 | €7,991 | €8,314 | +€323 | +4.0% |
| Total equity and liabilities | 10/49 | €1,570,539 | €1,911,591 | +€341,052 | +21.7% |
| Equity | 10/15 | €819,033 | €1,061,323 | +€242,290 | +29.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €800,433 | €1,042,723 | +€242,290 | +30.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €798,573 | €1,040,863 | +€242,290 | +30.3% |
| Amounts payable | 17/49 | €751,506 | €850,269 | +€98,762 | +13.1% |
| Amounts payable after more than one year | 17 | €128,963 | €76,490 | -€52,473 | -40.7% |
| Financial debts | 170/4 | €128,963 | €76,490 | -€52,473 | -40.7% |
| Amounts payable within one year | 42/48 | €617,924 | €768,539 | +€150,615 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €52,556 | €53,519 | +€963 | +1.8% |
| Trade debts | 44 | €302,266 | €476,215 | +€173,949 | +57.5% |
| Suppliers | 440/4 | €302,266 | €476,215 | +€173,949 | +57.5% |
| Taxes, remuneration and social security | 45 | €254,109 | €236,552 | -€17,558 | -6.9% |
| Taxes | 450/3 | €151,793 | €95,066 | -€56,727 | -37.4% |
| Remuneration and social security | 454/9 | €102,316 | €141,486 | +€39,169 | +38.3% |
| Other amounts payable | 47/48 | €8,993 | €2,253 | -€6,740 | -74.9% |
| Accrued charges and deferred income | 492/3 | €4,619 | €5,240 | +€621 | +13.4% |
| Non-recurring operating income | 76A | €20,000 | - | -€20,000 | |
| Remuneration, social security and pensions | 62 | €491,181 | €689,052 | +€197,871 | +40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,068 | €105,418 | +€25,350 | +31.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,929 | €60,315 | +€50,386 | +507% |
| Other operating charges | 640/8 | €11,357 | €12,226 | +€870 | +7.7% |
| Non-recurring operating charges | 66A | - | €126,384 | +€126,384 | |
| Gross operating margin | 9900 | €1,066,394 | €1,328,907 | +€262,513 | +24.6% |
| Operating profit (loss) | 9901 | €473,859 | €335,512 | -€138,348 | -29.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €8,083 | €9,982 | +€1,899 | +23.5% |
| Recurring financial charges | 65 | €8,083 | €9,982 | +€1,899 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €465,776 | €325,530 | -€140,246 | -30.1% |
| Income taxes | 67/77 | €118,870 | €83,240 | -€35,630 | -30.0% |
| Profit (loss) for the period | 9904 | €346,906 | €242,290 | -€104,617 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €346,906 | €242,290 | -€104,617 | -30.2% |
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 26 October 2026 via checked.be.