Quality Belgian Meat Processors: 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.
Quality Belgian Meat Processors
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€3.9m
down €3.9m (-92.5%), from €4.2m to €312,282
- Other debts +€3.1m
up €3.1m (+284%), from €1.1m to €4.1m
- Reserves +€849,738
up €849,738 (+378%), from €224,548 to €1.1m
- Financial income +€17.0m
new in 2025: €17.0m
- Turnover -€105,447
down €105,447 (-27.4%), from €384,533 to €279,086
- Services and other goods -€82,469
down €82,469 (-26.9%), from €306,781 to €224,312
- Financial charges -€14,402
down €14,402 (-19.0%), from €75,909 to €61,507
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 | €19,930,931 | €19,994,934 | +€64,003 | +0.3% |
| Fixed assets | 21/28 | €19,756,736 | €19,756,736 | = | 0.0% |
| Financial fixed assets | 28 | €19,756,736 | €19,756,736 | = | 0.0% |
| Affiliated companies | 280/1 | €19,756,736 | €19,756,736 | = | 0.0% |
| Participating interests | 280 | €19,756,736 | €19,756,736 | = | 0.0% |
| Current assets | 29/58 | €174,195 | €238,198 | +€64,003 | +36.7% |
| Amounts receivable within one year | 40/41 | €164,353 | €229,091 | +€64,738 | +39.4% |
| Trade receivables | 40 | €153,138 | €226,256 | +€73,118 | +47.7% |
| Other amounts receivable | 41 | €11,215 | €2,835 | -€8,380 | -74.7% |
| Cash at bank and in hand | 54/58 | €9,783 | €9,025 | -€758 | -7.7% |
| Deferred charges and accrued income | 490/1 | €59 | €82 | +€23 | +39.0% |
| Total equity and liabilities | 10/49 | €19,930,931 | €19,994,934 | +€64,003 | +0.3% |
| Equity | 10/15 | €18,691,813 | €15,686,568 | -€3.0m | -16.1% |
| Contributions | 10/11 | €14,300,000 | €14,300,000 | = | 0.0% |
| Capital | 10 | €14,300,000 | €14,300,000 | = | 0.0% |
| Issued capital | 100 | €14,300,000 | €14,300,000 | = | 0.0% |
| Reserves | 13 | €224,548 | €1,074,286 | +€849,738 | +378% |
| Non-distributable reserves | 130/1 | €224,548 | €1,074,286 | +€849,738 | +378% |
| Legal reserve | 130 | €224,548 | €1,074,286 | +€849,738 | +378% |
| Profit (loss) carried forward | 14 | €4,167,265 | €312,282 | -€3.9m | -92.5% |
| Amounts payable | 17/49 | €1,239,118 | €4,308,366 | +€3.1m | +248% |
| Amounts payable within one year | 42/48 | €1,239,118 | €4,308,366 | +€3.1m | +248% |
| Trade debts | 44 | €160,445 | €167,221 | +€6,776 | +4.2% |
| Suppliers | 440/4 | €160,445 | €167,221 | +€6,776 | +4.2% |
| Other amounts payable | 47/48 | €1,078,673 | €4,141,145 | +€3.1m | +284% |
| Operating income | 70/76A | €384,533 | €279,086 | -€105,447 | -27.4% |
| Turnover | 70 | €384,533 | €279,086 | -€105,447 | -27.4% |
| Operating charges | 60/66A | €307,889 | €225,455 | -€82,434 | -26.8% |
| Services and other goods | 61 | €306,781 | €224,312 | -€82,469 | -26.9% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.2% |
| Operating profit (loss) | 9901 | €76,644 | €53,631 | -€23,013 | -30.0% |
| Financial income | 75/76B | - | €17,003,781 | +€17.0m | |
| Recurring financial income | 75 | - | €17,003,781 | +€17.0m | |
| Income from financial fixed assets | 750 | - | €17,003,781 | +€17.0m | |
| Financial charges | 65/66B | €75,909 | €61,507 | -€14,402 | -19.0% |
| Recurring financial charges | 65 | €75,909 | €61,507 | -€14,402 | -19.0% |
| Debt charges | 650 | €75,257 | €61,322 | -€13,935 | -18.5% |
| Other financial charges | 652/9 | €652 | €185 | -€467 | -71.6% |
| Profit (loss) for the period before taxes | 9903 | €735 | €16,995,905 | +€17.0m | +2,312,268% |
| Income taxes | 67/77 | - | €1,150 | +€1,150 | |
| Taxes | 670/3 | - | €1,150 | +€1,150 | |
| Profit (loss) for the period | 9904 | €735 | €16,994,755 | +€17.0m | +2,312,112% |
| Profit (loss) for the period to be appropriated | 9905 | €735 | €16,994,755 | +€17.0m | +2,312,112% |
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 25 October 2026 via checked.be.