RELLMAN FOODS: 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
RELLMAN FOODS
NACE 47.221, Retail sale of meat and meat products, excluding game and poultry
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€88,038
2024 · €94,870-€6,832
Equity
€1.9m
2024 · €1.7m+€188,038
Cash
€168,196
2024 · €223,286-€55,090
Balance sheet total
€4.8m
2024 · €4.8m-€50,373
Largest movements
Assets
- Financial fixed assets +€192,949
up €192,949 (+43.9%), from €439,755 to €632,703
of which Affiliated companies: +€192,949
- Stocks and contracts -€73,042
down €73,042 (-32.5%), from €224,436 to €151,394
- Cash -€55,090
down €55,090 (-24.7%), from €223,286 to €168,196
mainly Investment in fixed assets (net) (-€207,308) and Trade debts (-€196,010)
- Receivables within one year -€51,856
down €51,856 (-1.6%), from €3.3m to €3.2m
of which Trade receivables: -€225,259
Equity and liabilities
- Revaluation surpluses +€200,000
up €200,000 (+100%), from €200,000 to €400,000
- Trade debts -€196,010
down €196,010 (-6.7%), from €2.9m to €2.7m
Income statement
- Goods and materials +€5.5m
up €5.5m (+14.8%), from €37.5m to €43.0m
of which Purchases: +€5.4m
- Turnover +€5.4m
up €5.4m (+14.1%), from €38.7m to €44.1m
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
€94,870
Turnover
+€5.4m
Other operating income
+€21,797
Goods and materials
-€5.5m
Services and other goods
+€3,726
Staff costs
+€18,152
Depreciation
-€282
Write-downs
+€4,042
Other operating charges
-€15,742
Financial income
+€67,360
Financial charges
+€4,414
Taxes
+€7,413
Deferred taxes and other
-€20,487
Result 2025
€88,038
raises the resultlowers the resultnot broken down further in the accounts
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
+€92,509
Investment
-€207,308
Financing
+€59,709
Cash 2024
€223,286
From operations (derived)
+€92,509
Net result for the year
+€88,038
Depreciation
+€85,704
Stocks and contracts
+€73,042
Receivables within one year
+€51,856
Deferred charges and accrued income
-€8,011
Trade debts
-€196,010
Tax, wage and social debts
+€7,714
Other debts
-€2,817
Accrued charges and deferred income
-€7,007
Investment (derived)
-€207,308
Investment in fixed assets (net)
-€207,308
Financing
+€59,709
Debts after one year
-€29,948
Current portion of long-term debt
-€10,344
Contributions, distributions and other
+€100,000
Cash 2025
€168,196
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,805,547 | €4,755,174 | -€50,373 | -1.0% |
| Fixed assets | 21/28 | €973,258 | €1,094,862 | +€121,604 | +12.5% |
| Intangible fixed assets | 21 | €282,225 | €250,298 | -€31,928 | -11.3% |
| Tangible fixed assets | 22/27 | €251,278 | €211,862 | -€39,417 | -15.7% |
| Land and buildings | 22 | €170,119 | €144,278 | -€25,841 | -15.2% |
| Plant, machinery and equipment | 23 | €72,307 | €63,039 | -€9,268 | -12.8% |
| Furniture and vehicles | 24 | €8,852 | €4,544 | -€4,308 | -48.7% |
| Financial fixed assets | 28 | €439,755 | €632,703 | +€192,949 | +43.9% |
| Affiliated companies | 280/1 | €433,859 | €626,808 | +€192,949 | +44.5% |
| Participating interests | 280 | €426,808 | €626,808 | +€200,000 | +46.9% |
| Amounts receivable | 281 | €7,051 | - | -€7,051 | |
| Other financial fixed assets | 284/8 | €5,895 | €5,895 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €5,895 | €5,895 | = | 0.0% |
| Current assets | 29/58 | €3,832,289 | €3,660,312 | -€171,977 | -4.5% |
| Amounts receivable after more than one year | 29 | €54,041 | €54,041 | = | 0.0% |
| Other amounts receivable | 291 | €54,041 | €54,041 | = | 0.0% |
| Stocks and contracts in progress | 3 | €224,436 | €151,394 | -€73,042 | -32.5% |
| Stocks | 30/36 | €224,436 | €151,394 | -€73,042 | -32.5% |
| Goods purchased for resale | 34 | €224,436 | €151,394 | -€73,042 | -32.5% |
| Amounts receivable within one year | 40/41 | €3,293,125 | €3,241,269 | -€51,856 | -1.6% |
| Trade receivables | 40 | €2,654,738 | €2,429,479 | -€225,259 | -8.5% |
| Other amounts receivable | 41 | €638,387 | €811,790 | +€173,403 | +27.2% |
| Cash at bank and in hand | 54/58 | €223,286 | €168,196 | -€55,090 | -24.7% |
| Deferred charges and accrued income | 490/1 | €37,401 | €45,411 | +€8,011 | +21.4% |
| Total equity and liabilities | 10/49 | €4,805,547 | €4,755,174 | -€50,373 | -1.0% |
| Equity | 10/15 | €1,713,744 | €1,901,783 | +€188,038 | +11.0% |
| Contributions | 10/11 | €420,000 | €420,000 | = | 0.0% |
| Capital | 10 | €420,000 | €420,000 | = | 0.0% |
| Issued capital | 100 | €420,000 | €420,000 | = | 0.0% |
| Revaluation surpluses | 12 | €200,000 | €400,000 | +€200,000 | +100% |
| Reserves | 13 | €45,310 | €45,310 | = | 0.0% |
| Non-distributable reserves | 130/1 | €42,000 | €42,000 | = | 0.0% |
| Legal reserve | 130 | €42,000 | €42,000 | = | 0.0% |
| Distributable reserves | 133 | €3,310 | €3,310 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,048,434 | €1,036,473 | -€11,962 | -1.1% |
| Amounts payable | 17/49 | €3,091,803 | €2,853,392 | -€238,411 | -7.7% |
| Amounts payable after more than one year | 17 | €45,878 | €15,930 | -€29,948 | -65.3% |
| Financial debts | 170/4 | €45,878 | €15,930 | -€29,948 | -65.3% |
| Credit institutions | 173 | €45,878 | €15,930 | -€29,948 | -65.3% |
| Amounts payable within one year | 42/48 | €3,038,919 | €2,837,462 | -€201,457 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €40,291 | €29,948 | -€10,344 | -25.7% |
| Trade debts | 44 | €2,937,561 | €2,741,550 | -€196,010 | -6.7% |
| Suppliers | 440/4 | €2,937,561 | €2,741,550 | -€196,010 | -6.7% |
| Taxes, remuneration and social security | 45 | €55,148 | €62,862 | +€7,714 | +14.0% |
| Taxes | 450/3 | €18,023 | €36,777 | +€18,754 | +104% |
| Remuneration and social security | 454/9 | €37,125 | €26,085 | -€11,039 | -29.7% |
| Other amounts payable | 47/48 | €5,919 | €3,101 | -€2,817 | -47.6% |
| Accrued charges and deferred income | 492/3 | €7,007 | - | -€7,007 | |
| Operating income | 70/76A | €38,845,116 | €44,305,969 | +€5.5m | +14.1% |
| Turnover | 70 | €38,693,860 | €44,132,915 | +€5.4m | +14.1% |
| Other operating income | 74 | €151,256 | €173,054 | +€21,797 | +14.4% |
| Operating charges | 60/66A | €38,806,900 | €44,333,284 | +€5.5m | +14.2% |
| Goods for resale, raw materials and consumables | 60 | €37,503,559 | €43,039,839 | +€5.5m | +14.8% |
| Purchases | 600/8 | €37,582,899 | €42,966,798 | +€5.4m | +14.3% |
| Change in stocks: decrease (increase) | 609 | -€79,340 | €73,042 | +€152,382 | |
| Services and other goods | 61 | €828,805 | €825,079 | -€3,726 | -0.4% |
| Remuneration, social security and pensions | 62 | €377,645 | €359,493 | -€18,152 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,421 | €85,704 | +€282 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,383 | -€1,659 | -€4,042 | |
| Other operating charges | 640/8 | €9,087 | €24,829 | +€15,742 | +173% |
| Operating profit (loss) | 9901 | €38,216 | -€27,316 | -€65,532 | |
| Financial income | 75/76B | €205,981 | €273,341 | +€67,360 | +32.7% |
| Recurring financial income | 75 | €183,147 | €273,341 | +€90,194 | +49.2% |
| Income from financial fixed assets | 750 | €153,378 | €260,662 | +€107,284 | +69.9% |
| Other financial income | 752/9 | €29,769 | €12,679 | -€17,090 | -57.4% |
| Non-recurring financial income | 76B | €22,834 | - | -€22,834 | |
| Financial charges | 65/66B | €156,031 | €151,616 | -€4,414 | -2.8% |
| Recurring financial charges | 65 | €122,967 | €151,616 | +€28,650 | +23.3% |
| Debt charges | 650 | €107,414 | €114,712 | +€7,299 | +6.8% |
| Other financial charges | 652/9 | €15,553 | €36,904 | +€21,351 | +137% |
| Non-recurring financial charges | 66B | €33,064 | - | -€33,064 | |
| Profit (loss) for the period before taxes | 9903 | €88,166 | €94,409 | +€6,242 | +7.1% |
| Transfer from deferred taxes | 780 | €20,487 | - | -€20,487 | |
| Income taxes | 67/77 | €13,784 | €6,370 | -€7,413 | -53.8% |
| Taxes | 670/3 | €14,000 | €6,370 | -€7,630 | -54.5% |
| Tax adjustments and reversals of tax provisions | 77 | €216 | - | -€216 | |
| Profit (loss) for the period | 9904 | €94,870 | €88,038 | -€6,832 | -7.2% |
| Transfer from tax-exempt reserves | 789 | €61,461 | - | -€61,461 | |
| Profit (loss) for the period to be appropriated | 9905 | €156,331 | €88,038 | -€68,293 | -43.7% |
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 24 October 2026 via checked.be.