Phin-Carne: what changed
What changed
Phin-Carne
NACE 47.221, Retail sale of meat and meat products, excluding game and poultry
filed annual accounts (NBB)
Net result for the year
€87,652
2024 · -€8,922+€96,574
Equity
€24,607
2024 · €11,955+€12,652
Cash
€870
2024 · €1,383-€513
Balance sheet total
€247,018
2024 · €114,379+€132,638
Largest movements
Assets
- Receivables within one year +€147,033
up €147,033 (+280%), from €52,564 to €199,598
of which Other amounts receivable: +€125,156
- Tangible fixed assets -€14,447
down €14,447 (-29.8%), from €48,459 to €34,013
Equity and liabilities
- Other debts +€75,000
up €75,000 (+820%), from €9,145 to €84,145
- Trade debts +€33,803
up €33,803 (+143%), from €23,696 to €57,500
- Current portion of long-term debt +€33,692
up €33,692 (+280%), from €12,044 to €45,736
- Reserves +€12,652
up €12,652 (+647%), from €1,955 to €14,607
- Debts after one year -€12,546
down €12,546 (-39.1%), from €32,104 to €19,558
Income statement
- Staff costs -€61,137
down €61,137 (-32.9%), from €185,665 to €124,528
- Gross operating margin +€44,421
up €44,421 (+21.6%), from €205,457 to €249,878
- Taxes +€23,027
new in 2025: €23,027
- Other operating charges -€12,473
down €12,473 (-94.8%), from €13,160 to €687
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€8,922
Gross operating margin
+€44,421
Staff costs
+€61,137
Depreciation
+€90
Other operating charges
+€12,473
Financial income
+€103
Financial charges
+€1,376
Taxes
-€23,027
Result 2025
€87,652
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€53,340
Investment
€0
Financing
-€53,854
Cash 2024
€1,383
From operations (derived)
+€53,340
Net result for the year
+€87,652
Depreciation
+€14,447
Stocks and contracts
-€1,928
Receivables within one year
-€147,033
Deferred charges and accrued income
+€1,363
Trade debts
+€33,803
Tax, wage and social debts
-€9,963
Other debts
+€75,000
Financing
-€53,854
Debts after one year
-€12,546
Current portion of long-term debt
+€33,692
Contributions, distributions and other
-€75,000
Cash 2025
€870
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,379 | €247,018 | +€132,638 | +116% |
| Fixed assets | 21/28 | €48,459 | €34,013 | -€14,447 | -29.8% |
| Tangible fixed assets | 22/27 | €48,459 | €34,013 | -€14,447 | -29.8% |
| Furniture and vehicles | 24 | €48,459 | €34,013 | -€14,447 | -29.8% |
| Current assets | 29/58 | €65,920 | €213,005 | +€147,085 | +223% |
| Stocks and contracts in progress | 3 | €8,830 | €10,758 | +€1,928 | +21.8% |
| Stocks | 30/36 | €8,830 | €10,758 | +€1,928 | +21.8% |
| Amounts receivable within one year | 40/41 | €52,564 | €199,598 | +€147,033 | +280% |
| Trade receivables | 40 | - | €21,877 | +€21,877 | |
| Other amounts receivable | 41 | €52,564 | €177,721 | +€125,156 | +238% |
| Cash at bank and in hand | 54/58 | €1,383 | €870 | -€513 | -37.1% |
| Deferred charges and accrued income | 490/1 | €3,143 | €1,780 | -€1,363 | -43.4% |
| Total equity and liabilities | 10/49 | €114,379 | €247,018 | +€132,638 | +116% |
| Equity | 10/15 | €11,955 | €24,607 | +€12,652 | +106% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,955 | €14,607 | +€12,652 | +647% |
| Distributable reserves | 133 | €1,955 | €14,607 | +€12,652 | +647% |
| Amounts payable | 17/49 | €102,424 | €222,411 | +€119,987 | +117% |
| Amounts payable after more than one year | 17 | €32,104 | €19,558 | -€12,546 | -39.1% |
| Financial debts | 170/4 | €32,104 | €19,558 | -€12,546 | -39.1% |
| Amounts payable within one year | 42/48 | €70,320 | €202,853 | +€132,533 | +188% |
| Current portion of amounts payable after more than one year | 42 | €12,044 | €45,736 | +€33,692 | +280% |
| Trade debts | 44 | €23,696 | €57,500 | +€33,803 | +143% |
| Suppliers | 440/4 | €23,696 | €57,500 | +€33,803 | +143% |
| Taxes, remuneration and social security | 45 | €25,435 | €15,472 | -€9,963 | -39.2% |
| Taxes | 450/3 | €3,677 | - | -€3,677 | |
| Remuneration and social security | 454/9 | €21,758 | €15,472 | -€6,286 | -28.9% |
| Other amounts payable | 47/48 | €9,145 | €84,145 | +€75,000 | +820% |
| Remuneration, social security and pensions | 62 | €185,665 | €124,528 | -€61,137 | -32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,537 | €14,447 | -€90 | -0.6% |
| Other operating charges | 640/8 | €13,160 | €687 | -€12,473 | -94.8% |
| Gross operating margin | 9900 | €205,457 | €249,878 | +€44,421 | +21.6% |
| Operating profit (loss) | 9901 | -€7,905 | €110,217 | +€118,122 | |
| Financial income | 75/76B | €2,407 | €2,510 | +€103 | +4.3% |
| Recurring financial income | 75 | €2,407 | €2,510 | +€103 | +4.3% |
| Financial charges | 65/66B | €3,424 | €2,048 | -€1,376 | -40.2% |
| Recurring financial charges | 65 | €3,424 | €2,048 | -€1,376 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,922 | €110,678 | +€119,600 | |
| Income taxes | 67/77 | - | €23,027 | +€23,027 | |
| Profit (loss) for the period | 9904 | -€8,922 | €87,652 | +€96,574 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,922 | €87,652 | +€96,574 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.