POULTREX BELGIUM: 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
POULTREX BELGIUM
NACE 01.471, Crop and animal production, hunting and related service activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.5m
2024 · €1.4m+€2.1m
Equity
€11.0m
2024 · €7.5m+€3.5m
Cash
€86,294
2024 · €141,527-€55,233
Balance sheet total
€12.2m
2024 · €7.9m+€4.3m
Largest movements
Assets
- Current investments +€2.1m
up €2.1m (+65.5%), from €3.3m to €5.4m
- Receivables within one year +€1.3m
up €1.3m (+43.3%), from €2.9m to €4.2m
of which Trade receivables: +€900,695
- Receivables after one year +€970,074
up €970,074 (+60.5%), from €1.6m to €2.6m
Equity and liabilities
- Reserves +€3.5m
up €3.5m (+46.9%), from €7.5m to €11.0m
of which Distributable reserves: +€5.0m
- Tax, wage and social debts +€773,931
up €773,931 (+618%), from €125,220 to €899,151
Income statement
- Gross operating margin +€3.4m
up €3.4m (+170%), from €2.0m to €5.4m
- Taxes +€1.3m
up €1.3m (+227%), from €588,278 to €1.9m
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
€1.4m
Gross operating margin
+€3.4m
Depreciation
+€7
Other operating charges
-€16,531
Financial income
+€19,320
Financial charges
+€5,754
Taxes
-€1.3m
Result 2025
€3.5m
raises the resultlowers the result
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
+€2.0m
Investment
-€2.1m
Financing
+€100,000
Cash 2024
€141,527
From operations (derived)
+€2.0m
Net result for the year
+€3.5m
Depreciation
+€1,240
Receivables after one year
-€970,074
Receivables within one year
-€1.3m
Trade debts
-€50,853
Tax, wage and social debts
+€773,931
Advances received
-€29,463
Investment (derived)
-€2.1m
Current investments
-€2.1m
Financing
+€100,000
Short-term financial debts
+€100,000
Cash 2025
€86,294
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,928,335 | €12,241,380 | +€4.3m | +54.4% |
| Fixed assets | 21/28 | €1,240 | €0 | -€1,240 | -100% |
| Tangible fixed assets | 22/27 | €1,240 | €0 | -€1,240 | -100% |
| Furniture and vehicles | 24 | €1,240 | €0 | -€1,240 | -100% |
| Current assets | 29/58 | €7,927,095 | €12,241,380 | +€4.3m | +54.4% |
| Amounts receivable after more than one year | 29 | €1,604,485 | €2,574,558 | +€970,074 | +60.5% |
| Other amounts receivable | 291 | €1,604,485 | €2,574,558 | +€970,074 | +60.5% |
| Amounts receivable within one year | 40/41 | €2,931,084 | €4,200,528 | +€1.3m | +43.3% |
| Trade receivables | 40 | €56,809 | €957,504 | +€900,695 | +1,585% |
| Other amounts receivable | 41 | €2,874,275 | €3,243,024 | +€368,748 | +12.8% |
| Current investments | 50/53 | €3,250,000 | €5,380,000 | +€2.1m | +65.5% |
| Cash at bank and in hand | 54/58 | €141,527 | €86,294 | -€55,233 | -39.0% |
| Total equity and liabilities | 10/49 | €7,928,335 | €12,241,380 | +€4.3m | +54.4% |
| Equity | 10/15 | €7,503,814 | €11,023,243 | +€3.5m | +46.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,497,614 | €11,017,043 | +€3.5m | +46.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,778,600 | €1,263,000 | -€1.5m | -54.5% |
| Distributable reserves | 133 | €4,717,154 | €9,752,183 | +€5.0m | +107% |
| Amounts payable | 17/49 | €424,521 | €1,218,137 | +€793,616 | +187% |
| Amounts payable within one year | 42/48 | €424,521 | €1,218,137 | +€793,616 | +187% |
| Financial debts | 43 | €200,000 | €300,000 | +€100,000 | +50.0% |
| Other loans | 439 | €200,000 | €300,000 | +€100,000 | +50.0% |
| Trade debts | 44 | €69,838 | €18,985 | -€50,853 | -72.8% |
| Suppliers | 440/4 | €69,838 | €18,985 | -€50,853 | -72.8% |
| Advances received on contracts in progress | 46 | €29,463 | €0 | -€29,463 | -100% |
| Taxes, remuneration and social security | 45 | €125,220 | €899,151 | +€773,931 | +618% |
| Taxes | 450/3 | €125,220 | €899,151 | +€773,931 | +618% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,247 | €1,240 | -€7 | -0.5% |
| Other operating charges | 640/8 | €1,094 | €17,624 | +€16,531 | +1,512% |
| Gross operating margin | 9900 | €1,999,786 | €5,399,661 | +€3.4m | +170% |
| Operating profit (loss) | 9901 | €1,997,446 | €5,380,796 | +€3.4m | +169% |
| Financial income | 75/76B | €48,917 | €68,236 | +€19,320 | +39.5% |
| Recurring financial income | 75 | €48,917 | €68,236 | +€19,320 | +39.5% |
| Financial charges | 65/66B | €12,617 | €6,863 | -€5,754 | -45.6% |
| Recurring financial charges | 65 | €12,617 | €6,863 | -€5,754 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €2,033,746 | €5,442,170 | +€3.4m | +168% |
| Income taxes | 67/77 | €588,278 | €1,922,741 | +€1.3m | +227% |
| Profit (loss) for the period | 9904 | €1,445,468 | €3,519,429 | +€2.1m | +143% |
| Transfer from tax-exempt reserves | 789 | - | €1,515,600 | +€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,445,468 | €5,035,029 | +€3.6m | +248% |
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 1 November 2026 via checked.be.