SCHIETSE: what changed
Two fiscal 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
SCHIETSE
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€102,022
2024 · €109,201-€7,179
Equity
€7.7m
2024 · €7.6m+€102,022
Cash
€1.0m
2024 · €4.0m-€3.0m
Balance sheet total
€12.9m
2024 · €13.4m-€529,383
Largest movements
Assets
- Cash -€3.0m
down €3.0m (-74.9%), from €4.0m to €1.0m
mainly Current investments (-€2.5m) and Trade debts (-€617,603)
- Current investments +€2.5m
new in 2025: €2.5m
Equity and liabilities
- Trade debts -€617,603
down €617,603 (-11.5%), from €5.4m to €4.8m
- Profit (loss) carried forward +€138,032
up €138,032 (+5.8%), from €2.4m to €2.5m
Income statement
- Turnover +€47.8m
new in 2025: €47.8m
- Goods and materials +€40.0m
new in 2025: €40.0m
of which Purchases: +€40.0m
- Services and other goods +€5.2m
new in 2025: €5.2m
- Gross operating margin -€2.5m
no longer reported in 2025 (was €2.5m)
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
€109,201
Turnover
+€47.8m
Other operating income
+€213,465
Goods and materials
-€40.0m
Services and other goods
-€5.2m
Staff costs
-€276,858
Depreciation
-€32,166
Write-downs
-€14,267
Other operating charges
-€4,086
Other operating items
-€2.5m
Financial income
-€16,243
Financial charges
-€912
Taxes
-€254
Result 2025
€102,022
Cash bridge derived
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
+€112,901
Investment
-€3.1m
Financing
-€46,380
Cash 2024
€4.0m
From operations (derived)
+€112,901
Net result for the year
+€102,022
Depreciation
+€596,440
Stocks and contracts
-€13,099
Receivables within one year
+€13,338
Smaller working-capital items
+€26
Provisions
-€14,425
Trade debts
-€617,603
Tax, wage and social debts
+€46,203
Investment (derived)
-€3.1m
Investment in fixed assets (net)
-€568,247
Current investments
-€2.5m
Financing
-€46,380
Debts after one year
-€11,650
Current portion of long-term debt
-€34,730
Cash 2025
€1.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,389,259 | €12,859,876 | -€529,383 | -4.0% |
| Fixed assets | 21/28 | €2,307,453 | €2,279,261 | -€28,192 | -1.2% |
| Intangible fixed assets | 21 | €163,300 | €91,633 | -€71,667 | -43.9% |
| Tangible fixed assets | 22/27 | €2,044,389 | €2,087,863 | +€43,474 | +2.1% |
| Land and buildings | 22 | €1,053,453 | €859,380 | -€194,073 | -18.4% |
| Plant, machinery and equipment | 23 | €666,658 | €699,234 | +€32,575 | +4.9% |
| Furniture and vehicles | 24 | €324,277 | €529,249 | +€204,972 | +63.2% |
| Financial fixed assets | 28 | €99,765 | €99,765 | = | 0.0% |
| Affiliated companies | 280/1 | - | €99,765 | +€99,765 | |
| Participating interests | 280 | - | €99,765 | +€99,765 | |
| Current assets | 29/58 | €11,081,806 | €10,580,615 | -€501,191 | -4.5% |
| Stocks and contracts in progress | 3 | €1,020,308 | €1,033,406 | +€13,099 | +1.3% |
| Stocks | 30/36 | €1,020,308 | €1,033,406 | +€13,099 | +1.3% |
| Goods purchased for resale | 34 | - | €1,033,406 | +€1.0m | |
| Amounts receivable within one year | 40/41 | €6,052,190 | €6,038,852 | -€13,338 | -0.2% |
| Trade receivables | 40 | €6,002,622 | €5,991,137 | -€11,485 | -0.2% |
| Other amounts receivable | 41 | €49,569 | €47,715 | -€1,853 | -3.7% |
| Current investments | 50/53 | - | €2,500,000 | +€2.5m | |
| Other investments | 51/53 | - | €2,500,000 | +€2.5m | |
| Cash at bank and in hand | 54/58 | €4,006,495 | €1,004,769 | -€3.0m | -74.9% |
| Deferred charges and accrued income | 490/1 | €2,813 | €3,587 | +€774 | +27.5% |
| Total equity and liabilities | 10/49 | €13,389,259 | €12,859,876 | -€529,383 | -4.0% |
| Equity | 10/15 | €7,643,059 | €7,745,081 | +€102,022 | +1.3% |
| Contributions | 10/11 | €2,975,000 | €2,975,000 | = | 0.0% |
| Capital | 10 | €2,975,000 | €2,975,000 | = | 0.0% |
| Issued capital | 100 | €2,975,000 | €2,975,000 | = | 0.0% |
| Reserves | 13 | €2,304,482 | €2,268,472 | -€36,010 | -1.6% |
| Non-distributable reserves | 130/1 | €109,058 | €116,323 | +€7,265 | +6.7% |
| Legal reserve | 130 | €109,058 | €116,323 | +€7,265 | +6.7% |
| Tax-exempt reserves | 132 | €195,424 | €152,149 | -€43,275 | -22.1% |
| Distributable reserves | 133 | €2,000,000 | €2,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,363,577 | €2,501,609 | +€138,032 | +5.8% |
| Provisions and deferred taxes | 16 | €147,960 | €133,535 | -€14,425 | -9.7% |
| Provisions for liabilities and charges | 160/5 | €54,814 | €54,814 | = | 0.0% |
| Environmental obligations | 163 | €54,814 | €54,814 | = | 0.0% |
| Deferred taxes | 168 | €93,146 | €78,721 | -€14,425 | -15.5% |
| Amounts payable | 17/49 | €5,598,241 | €4,981,260 | -€616,980 | -11.0% |
| Amounts payable after more than one year | 17 | €11,650 | - | -€11,650 | |
| Financial debts | 170/4 | €11,650 | - | -€11,650 | |
| Amounts payable within one year | 42/48 | €5,586,590 | €4,980,460 | -€606,130 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €46,380 | €11,650 | -€34,730 | -74.9% |
| Trade debts | 44 | €5,378,161 | €4,760,558 | -€617,603 | -11.5% |
| Suppliers | 440/4 | €5,378,161 | €4,760,558 | -€617,603 | -11.5% |
| Taxes, remuneration and social security | 45 | €162,049 | €208,252 | +€46,203 | +28.5% |
| Taxes | 450/3 | - | €48,609 | +€48,609 | |
| Remuneration and social security | 454/9 | €162,049 | €159,644 | -€2,405 | -1.5% |
| Accrued charges and deferred income | 492/3 | - | €800 | +€800 | |
| Operating income | 70/76A | - | €48,055,373 | +€48.1m | |
| Turnover | 70 | - | €47,779,714 | +€47.8m | |
| Other operating income | 74 | - | €213,465 | +€213,465 | |
| Non-recurring operating income | 76A | €94,890 | €62,194 | -€32,695 | -34.5% |
| Operating charges | 60/66A | - | €47,968,927 | +€48.0m | |
| Goods for resale, raw materials and consumables | 60 | - | €39,994,143 | +€40.0m | |
| Purchases | 600/8 | - | €40,007,242 | +€40.0m | |
| Change in stocks: decrease (increase) | 609 | - | -€13,099 | -€13,099 | |
| Services and other goods | 61 | - | €5,209,194 | +€5.2m | |
| Remuneration, social security and pensions | 62 | €1,811,705 | €2,088,563 | +€276,858 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €564,273 | €596,440 | +€32,166 | +5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€22,379 | -€8,112 | +€14,267 | +63.8% |
| Other operating charges | 640/8 | €78,036 | €82,122 | +€4,086 | +5.2% |
| Non-recurring operating charges | 66A | €4,601 | €6,577 | +€1,976 | +42.9% |
| Gross operating margin | 9900 | €2,512,455 | - | -€2.5m | |
| Operating profit (loss) | 9901 | €76,218 | €86,447 | +€10,229 | +13.4% |
| Financial income | 75/76B | €91,850 | €75,607 | -€16,243 | -17.7% |
| Recurring financial income | 75 | €91,850 | €75,607 | -€16,243 | -17.7% |
| Income from financial fixed assets | 750 | - | €7,000 | +€7,000 | |
| Other financial income | 752/9 | - | €68,607 | +€68,607 | |
| Financial charges | 65/66B | €7,525 | €8,437 | +€912 | +12.1% |
| Recurring financial charges | 65 | €7,525 | €8,437 | +€912 | +12.1% |
| Debt charges | 650 | - | €177 | +€177 | |
| Other financial charges | 652/9 | - | €8,260 | +€8,260 | |
| Profit (loss) for the period before taxes | 9903 | €160,543 | €153,617 | -€6,926 | -4.3% |
| Transfer from deferred taxes | 780 | €14,425 | €14,425 | = | 0.0% |
| Income taxes | 67/77 | €65,766 | €66,020 | +€254 | +0.4% |
| Taxes | 670/3 | - | €79,632 | +€79,632 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €13,612 | +€13,612 | |
| Profit (loss) for the period | 9904 | €109,201 | €102,022 | -€7,179 | -6.6% |
| Transfer from tax-exempt reserves | 789 | €43,275 | €43,275 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €152,476 | €145,297 | -€7,179 | -4.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.